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JNEO Journeo Plc

223.00
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Journeo Plc LSE:JNEO London Ordinary Share GB00BKP51V79 ORD 6.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 223.00 10,362 07:37:29
Bid Price Offer Price High Price Low Price Open Price
220.00 226.00 223.00 223.00 223.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Special Industry Machy, Nec 46.09M 2.97M 0.1805 12.35 36.74M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:23:04 O 438 225.88 GBX

Journeo (JNEO) Latest News

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Date Time Title Posts
19/7/202416:23Journeo plc - will this finally be the wiinning name?997
28/9/202106:49Results-

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Journeo (JNEO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:23:05225.88438989.35O
2024-07-26 14:13:22226.001,0002,260.00O
2024-07-26 14:08:20224.505001,122.50O
2024-07-26 13:56:50224.508901,998.05O
2024-07-26 13:52:52225.002,5005,625.00O

Journeo (JNEO) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Journeo Daily Update
Journeo Plc is listed in the Special Industry Machy, Nec sector of the London Stock Exchange with ticker JNEO. The last closing price for Journeo was 223p.
Journeo currently has 16,474,491 shares in issue. The market capitalisation of Journeo is £36,738,115.
Journeo has a price to earnings ratio (PE ratio) of 12.35.
This morning JNEO shares opened at 223p
Posted at 17/7/2024 09:47 by rmillaree
APAD
"I must be missing something in this debate."

You are missing then fact is very normal to have forecasts for current year and next year.Ok not all companies do next year forecasts - Journeo is sub £40 mill market capo so is on the smaller end of things so your argument that many small companies dont do "next year" is valid. Not having next year stuff though can leave a big void ref us knowing what to expect so i would much prefer every company top have next year out in the open and adjusted accordingly when they adjust ref this year

"2025 forecast would be for 31 Dec 2025. I.e a year and a half ahead."

not from my point of view - to me ye 31/12/2025 starts in less than six months (01/01/2025) - so i am as interested in next years expectations as this years (probably more so) - in 6 months time now(2024) will be the past and 2025 will be the now ! - i would expect shareprice will be much more judged on 2025 expectations than 2024 if they are both in the public domain and there is no specific lumpiness. Clearly uncertaintyu ref tehn future is not going to help sharprice stability if they have internal expectations that would provide stability.


I have know idea whether Dan_the_Epic has raised most excellent points ref lack of 2025 forecasts and the new york subway situation or whether they are talking out of their posterior? - i do sit up and take notice though if someone is posting stuff that could perhaps be very useful info.

Dan_the_Epic
are you able to provide any more detail to back up your assertions here ? i do undersand if you cant provide any further info - if you can confirm one way or the other though anything that might help clarify cheers.

Does anyone know when "next years forecasts" have turned up in then past for Journeo? - seems like somewhat fanciful speculation that forecasts would be witheld due to one known contract ending - life goes on so company should really not be delaying anything due to that fact - ie if it leaves potential void in profits that should be disclosed and out in the open i similar manner to previous years.A middle ground here might be slight delay where the extra small period of time would ensure they arent issuing stuff that would likely be wrong very soon - that to me would be more to do with signing new contracts though than stuff coming to natural end that should be standard to plan for.

Hey ho its never plain sailing with small caps - as someone fairly new to this company to me then 2025 void kinda explains the share price volatilty. With large volatility and lack of next years numbers though i kinda preume that pi's are the least well informed people with regard to teh true picture of how the business is doing - that aint great.

Comments from the company seem pretty "confident" so it would be poor to me if they are in any manner sotring up posible bad news ref next year for later release - or even this year if they have work to to deliver contracts by 31/12 so sales and profiuts can be booked for audit purposes - to me the hard work starts when you have signed the contract ! - the expected new sales still need to be delivered to the extent they get past the year end audit.
Posted at 16/7/2024 20:21 by apad
Not wrong. It's just that the company doesn't give the figures.

Also
"although the company doesn’t give specific figures, the strength of the order book is reflected in broker Cavendish’s forecast for underlying EPS to climb 11.6% to 22.1p in FY 2024."

"Cavendish suggests a forecast PE of 17.4x would be a fairer, suggesting a target price of 385p – 50% higher than the current share price."

apad
Posted at 16/7/2024 18:05 by stkildaroad
Selling on account of the Williams pronouncement is a possibility. We will never know for sure. I'm a long term holder of these shares and seen many false dawns before. But Ive been to recent AGM's and had a chance to meet the current management team and ask questions. This team know what they're doing and all recent news points to the fact that they are on target. It's a very small cap company and obviously share price is influenced quite easily. Both Exec and Non- exec Directors have significant holdings, some of which bought recently with their own money at more than the current share price.
It's a no brainer for me and I have topped up today at a price I don't expect to see again. Williams may actually have done me a favour.
Posted at 16/7/2024 16:51 by elrico
Journeo has secured two significant contracts worth a combined £3 million, highlighting its growing presence in the rail sector and its expertise in providing advanced onboard CCTV and Automatic Passenger Counting (APC) solutions. The larger contract, valued at £2.4 million, involves equipping 64 trains (35 for East Midlands Railway and 29 for Cross Country) with CCTV and APC systems, covering 158 carriages. The second contract, worth £0.6 million, is with Arriva Train Care and covers 16 trains for East Midlands Railway, totalling 32 carriages. Both contracts include comprehensive design and support services.

Journeo's growth since August 2021 has been remarkable. When first featured, the company's shares were priced at 122p, with a market capitalisation of just £10.7 million. Today, the shares trade at 229p, representing an 87.7% increase in share price. This growth has significantly increased the company's valuation, now at almost £38 million. As you can see from the chart, the share price is around 65p off its prior peak—not too shabby, if I say so myself.
Posted at 16/7/2024 06:29 by adamb1978
Listened to the link. Somewhat brief but he was very complimentary about JNEO but thought that given how bombed out small cap valuations are, there were better opportunities elsewhere. Share price is 25%-30% down though so perhaps he now needs to revisit that conclusion given the PE is now sub 10x!

Lets see what today brings
Posted at 12/7/2024 12:21 by 74tom
@APAD, I posted quite a lot of detail back in early April having analysed the numbers and was bearish at 270p based on the below;

"Digging further into the segmental reporting, operating profit for fleet & passenger systems in FY22 was £1.43m, in FY23 this more than halved to £698k. This meant that organic JNEO operating margin dropped from 6.77% in FY22 to 2.75% in FY23.

The trend is worse if you look at the half year reporting for fleet & passenger systems;

H122 revenue £8.87m, operating profit £449k, operating margin 5.1%
H222 revenue £12.24m, operating profit £981k, operating margin 8%
H123 revenue £12.5m, operating profit £513k, operating margin 4.1%
H223 revenue £12.8m, operating profit £185k, operating margin 1.4%

Passenger systems actually reported an operating loss of £45k in H223, vs a £410k H2 profit the year before...

Infotec saved the day contributing operating profit of £3.697m, and MultiQ £153k.

Cavendish forecasts in March 23 were for PAT of £2.8m, their reported PAT figure was £2.97m, so they beat this forecast by just £170k, with ~£130k of this attributable to MultiQ, so overall organic JNEO + Infotec were in line, and as the above info shows, organic JNEO was some £700k lower than prior year, despite the 20% top line growth."

I'm therefore not surprised to see the break below the 200DMA, especially given the performance over at Tracsis & lack of announcements here. The trading update in early August will almost certainly try to paint a positive picture, however I'll be surprised if it's better than in line.
Posted at 28/3/2024 20:10 by pireric
If you do the maths for their portfolio/NAV RNS at the start of March

NAV £30.44m
JNEO 2.73% of the NAV
JNEO share price the day prior (end of Feb) 260p
Implies about 320k shares held at the end of February. You'd think that is materially lower now

Eric
Posted at 12/2/2024 08:17 by adamb1978
Said it before but think there is a very good chance of a £10+ share price here within 3-4 years.

£70m revenue would be hit in 2027 with just over 10% organic revenue growth
Acquire £30m revenue for say £20m - £25m based on a similar multiple to JNEO today. They should be able to finance that without raising equity and keeping leverage <1x EBITDA.

Gets you to £100m, and operating leverage should mean they could comfortably make 15% EBIT margins, which drives EPS of 70p-75p.

and if they deliver the above, I'd say a PE of closer to 20x would be justifiable, though 13x-15x hits 1000p share price
Posted at 04/1/2024 15:46 by philly cheesesteak
Part 1; valuation. I've looked back at the period when Tracsis broke out from a £10m tiddler to become a £100m+ market cap;

2011; Revenue £4.1m, Gross Profit £3.1m, Operating Profit £1.1m, EPS 4.5p, Share Price 58p, P/E 13x, Cash £4.7m, Market Cap £14m.

2012; Revenue £8.7m, Gross Profit £6.8m, Operating Profit £2.9m, EPS 9.9p, Share Price 124p, P/E 12.5x, Cash £7.6m, Market Cap £31m.

2013; Revenue £10.8m, Gross Profit £7.8m, Operating Profit £2.5m, EPS 8.4p, Share Price 163p, P/E 19x, Cash £6.5m, Market Cap £41m.

2014; Revenue £22.3m, Gross Profit £12.8m, Operating Profit £4.1m, EPS 12.9p, Share Price 330p, P/E 25x, Cash £8.9m, Market Cap £87m.

2015; Revenue £25.3m, Gross Profit £15.8m, Operating Profit £4.5m, EPS 14.1p, Share Price 434p, P/E 31x, Cash £13.3m, Market Cap £115m.

Note that the P/E ratio sat at ~12-13x in 2011-12, before steadily expanding over the period as EPS compound growth became established (5 year CAGR from 11-15 = 26%)

In essence it steadily transitioned from being an AIM micro cap that IPO'd in 2007 at 40p and went sideways for 4 years, into a high quality compounder.

If JNEO management can achieve their medium term goal of £70m+ revenue at a double digit operating margin then the figures will easily eclipse those of Tracsis in 2015.

The P/E should expand as PI's get attracted to the growth story, the simplicity & stickiness of JNEO's product offering should also be attractive (in the same way it was at Tracsis). The transition to SaaS will also undoubtedly help.

Next I'll look at the impact that acquisitions had on Tracsis's growth...
Posted at 05/10/2023 20:40 by m1roda
Evening I have been watching these shares for a long time (from when they were 21st century) and my wife would say obsessively !! I wonder if anyone can explain this to me. In all that time I have never seen any share buys and sells the next day yet for the last 4/5 weeks they have been a regular occurrence. Just this week on Monday we had 100,000, Tuesday 23,000, 50,000 and 25,000 and today 53,500. These all appear to be buys. That means when we look at volume on this website they are understated !!! Also a few weeks ago 360 shares got sold and the share price dropped 3p and today 2,000 , 1,000 and 2,000 resulted in another 3p fall and when we have 10,000's of buys the share price doesn't move !! The cancelling on the HS2 is a win for Journeo as investment will go into the buses so I don't see any reason for the 'large' fall in share price.Also watching the presentation the company looks like it is in good hands and is expanding at the right rate ( in my opinion it would fit very well with a company like Tracsis and would double their turnover and profits with further savings achievable)I wonder if anyone can explain what is happening with this share price. ??????????Thanks for reading this and please do your own research
Journeo share price data is direct from the London Stock Exchange

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