Journeo Plc

-2.00 (-1.21%)
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
  -2.00 -1.21% 163.00 29,127 11:09:20
Bid Price Offer Price High Price Low Price Open Price
162.00 164.00 165.00 162.50 165.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Special Industry Machy, Nec 21.12 0.90 0.90 - 26.43
Last Trade Time Trade Type Trade Size Trade Price Currency
14:38:35 O 4,700 163.8333 GBX

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Date Time Title Posts
19/5/202310:40Journeo plc - will this finally be the wiinning name?500

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Journeo (JNEO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-05-31 14:38:36163.834,7007,700.17O
2023-05-31 10:09:14163.383,0004,901.40O
2023-05-31 09:20:54163.3510,00016,335.00O
2023-05-31 07:20:58163.354,0006,534.00O
2023-05-31 07:17:57164.813,4275,648.04O

Journeo (JNEO) Top Chat Posts

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Posted at 19/5/2023 10:40 by vfast
Bought a few more this morning at 170.95p however my average price is around 65p.

Even at the present share price I view them still to be cheap and over the next 12/24 months I'm expecting the share price to be significantly higher x2 of todays price.

Posted at 09/5/2023 17:46 by weatherman
DSM FY results repeat the 311p price target.
"In terms of valuation, we believe the acquisition of Infotec was undertaken at a good price (c.2.5x EV/EBITDA) and is an excellent fit .... However, we have not baked in any synergies on cost, or indeed on cross selling. Therefore, just putting the businesses together for FY 23 (E) should yield a turnover of GBP33m, and EBITDA of GBP4.2m. Net margins should improve by 2% to 9%. At our entry price, post--acquisition Journeo therefore trades on a FY 23 (E) EV/Sales multiple of 0.3x, an EV/EBITDA of 2.4x and a P/E of 5.7x. Compare this to wider peers, like Tracsis Plc which trades on a P/E of 25x, and discounting this by 30% for size and liquidity -- would reflect a peer P/E of 17.5x -- or 311p per share valuation..."

Posted at 28/4/2023 10:06 by adamb1978

I'm new to JNEO but have been going through the figures over the last couple days. A few posts above you mentioned a £70m revenue target - is that a mid/long term target from the company or your figure?


Posted at 11/4/2023 08:39 by 3bene
Not much to stop the price rising until 220-230p.
Posted at 29/3/2023 19:02 by this_is_me

Journeo – Doubled Profits in 2022

The 2022 trading year was transformational for Journeo (LON:JNEO), the information systems and transport technical services group.

It was seen as a defining point in the group’s development.

The Ashby-de-la-Zouch based company yesterday reported a 35% increase in revenues for the year to end December 2022, to £21.1m (£15.6m), with the underlying pre-tax profits doubling to £1.2m (£0.6m) and more than doubling earnings to 9.80p (4.46p) per share.

The Business
The £26.5m capitalised business currently has three operating companies:

Journeo Fleet Systems: CCTV video surveillance to improve passenger & driver safety, telematics for vehicle and driver performance monitoring, real-time communications for remote condition monitoring and automatic passenger counting.

It provides fleet operator systems, including automatic passenger counting, driver displays, next stop announcement displays, on-board Wi-Fi, camera monitor systems, and telematics and driver behaviour for buses, coaches, and specialist vehicles; and forward facing and saloon CCTV, automatic passenger counting, station information security systems, and train Wi-Fi for rails.

Revenues in 2022 were £12.49m (£9.29m).

Journeo Passenger Systems: design, manufacture, installation, and management of hardware and software for electronic public transport information systems, in and around towns, cities, ferry terminals and airports which includes smart-ticketing and wayfinding.

It offers passenger transport infrastructure systems, such as bay, stretched in-shelter, summary, full-colour LED, low-power E-ink, and solar-powered TFT displays, as well as interactive wayfinding totems, air quality sensors, in-shelter closed circuit television (CCTV), and bus station Wi-Fi.

Sales £8.63m (£4.06m).

Infotec: design, advanced manufacture, installation and software management of information displays hardware for rail applications in stations, on-platform and on-vehicle. This company was acquired earlier this year.

Big Advance In SaaS Subscriptions
The group reported that there was a strong growth in SaaS subscriptions to the Journeo Portal, increasing connections by 150% over the period to 10,000 connected vehicles (2021: 4,000).

The highly secure web-based SaaS application empowers transport operators to monitor the health and performance of their systems in real time. The subscriptions generate monthly recurring revenues.

During the year there was a large-scale adoption of the group’s technologies, including its largest ever three-year £9m framework agreement with First Bus UK and largest software-led sale following a two-year £1.2m agreement with Scotrail.

Elsewhere the company expanded its Airport capabilities following the £0.7m award at Dublin Airport for passenger transfer solutions and £0.9m order for high-precision airside telematics at Heathrow Airport.

It has recently won a contract with Gatwick and is soon working on another at Bristol airport.

Yesterday the group also announced another couple of contract wins in Wales, supplying passenger information systems worth £1.6m.

Management Comment
On the group’s results CEO Russ Singleton stated that:

“I am very pleased with our performance in 2022 which saw sustained improvement in order intake, revenues and profits. This performance was delivered in a continuing challenging market environment coupled with pressure on our global supply chain.

It is a reflection of our unwavering focus to execute on our strategy, which is proving effective.

The recent acquisition of Infotec, complements our existing business and strategy well, and the enlarged group strengthens our position further with a healthy order book and growing sales pipeline based on our intellectual property and expert knowledge.”

Broker’s View – Trebled Profits For This Year
Analyst Andrew Renton at Cenkos Securities rates the group’s shares as a Buy.

His estimates for the current year to end December are for a 56% increase in revenues from £21.1m to £33.0m, with a trebled lift in adjusted pre-tax profits from £1.2m to £3.6m, while basic earnings per share are set to rise from 10.3p to 17.8p.

Renton considers that the group’s valuation looks attractive, while being well below the rating given to its peers.

Posted at 28/3/2023 17:28 by kalai1
Journeo PLC released their final result for the year end 2022. The revenue increased substantially from 2021: £15.6m to 2022: £21.1m which is a solid 35%. The underlying profit before tax doubled to £1.2m (2021: £0.6m). The cash and cash equivalents at 31 December 2022 £0.5m (2021: £1.1m) & Diluted earnings per share was 9.80 pence (2021: 4.46 pence). The company is growing and gained profits. Took company over a year but has just broken last year’s all time high share price. Definitely a company to invest in but would be wise to wait for a pullback. BUY...

...from WealthOracle


Posted at 25/3/2023 20:02 by tole
https://masterinvestor.co.uk/equities/small-cap-catch-up-on-the-way-up/Journeo (LON:JNEO) – Any More Airports PleaseThis provider of information systems and technical services to transport operators and local authorities is gradually, but surely, picking up new business that will go some way to the group doubling its revenues this year.This £24m group is a leading Intelligent Transport Systems provider, delivering solutions in towns, cities, airports and the public transport networks that connect them.The company works extensively with local and combined authorities, Network Rail and many of the largest multinational transport operators, supporting them as systems converge towards a more efficient and sustainable future.Earlier this month it picked up a £1m contract with Transport for Wales.That was followed two days later by an order for £0.7m from Network Rail for Southeastern Trains.Ten days later it reported a £0.8m order from Network Rail for its Leeds Station. Displays.Yesterday the company announced a £0.5m contract with Gatwick Airport, centred upon its airport-based information software applications.That order makes up the trio of London Airports the company now serves – Gatwick, Heathrow and Stansted, while it will soon be working on additional business at Dublin and Bristol airports.Analyst Andrew Renton at Cenkos Securities has a Buy out on the group's shares, considering them to be trading at a very steep discount to its peers.The group's 2022 finals are due soon, he expects to see £18.0m (£15.6m) sales, with pre-tax profits of £0.9m (£0.4m), taking earnings up to 10.4p against 4.7p per share previously.He is looking for the current year to end December to jack sales up to £33.0m, with more than trebled profits of £3.3m, worth 17.8p per share in earnings.The group's shares touched 154p earlier this month on the contract news.Last night they closed at 147.5p from which level I take the view that they will rise to 175p or thereabouts over the next few months, especially as the good news flows more freely.
Posted at 24/3/2023 08:24 by masurenguy
"Journeo (JNEO), a UK-based specialist provider of transport technology, provides video surveillance to improve passengers’ and drivers’ safety while passenger systems comprise hardware and software for billboards and ticketing. The recent acquisition of IGL will add £12m in revenue and approximately £2m in pre-tax profit to the enlarged group in the first full year of the acquisition. The stock is on a p/e ratio of below 7, so if the acquisition does start to drive serious growth the stock could be in for a rerating." Moneyweek: 23/03/23

No position but added to watchlist.

Posted at 21/3/2023 12:46 by charliec51
They have got a real gem in Barnaby Kent. Barney was the individual who oversaw the integration of over 20 acquisitions whilst at IDEA. These were clearly of varying degrees of success depending on the quality of the acquired vehicle - but not one was a failure. All contributed to the ultimate success of IDEA. He is a very high grade individual indeed and a nigh on perfect fit for JNEO at this time in their development.
Posted at 07/3/2023 21:48 by weatherman
Downing Strategic Micro Cap Inv. Trust has a stake - this is their latest news letter.

We have also been active in the period and added two new positions. The first was in Journeo to fund the acquisition of InfoTec. Journeo provides solutions into the transport sector, including displays and passenger management. This is a sector that we are particularly enthusiastic about. The underinvestment in UK infrastructure, particularly transport, is well‐known and we as managers have capitalised on this in other investments over the last decade. The sector tends to be serviced by a number of niche/small companies, and therefore a smart buy‐and‐build strategy can yield attractive returns if executed by a management team focused on return on investment.

We have followed Journeo for many years, not least because the ex‐CEO of another portfolio position (Synectics) had become CEO at Journeo. Russ Singleton overcame some contractual and structural issues at the company and created a profitable business, ready to make acquisitions. We took a 6.6% equity stake in Journeo on the acquisition of InfoTec and the subsequent £7m fundraising in late December 2022.

The business is set to benefit from long‐term government spending trends in the transport sector to help reduce emissions by improving the quality and quantity of public transport journeys. There are a number of multi‐billion‐pound government projects which Journeo is able to tap into to expedite the growth of the business, such as the c.£2.4bn Transforming Cities Fund, the c.£3bn Bus Back Better strategy, and the William‐Shapps Plan for Rail. You will probably be familiar with their products and services – which include displays at bus stops throughout the UK (where you are told when the next bus is due), and also the displays in railway stations – notably the new displays at both Euston and Paddington stations. Journeo has strong and increasing levels of earnings visibility with a scalable SaaS business model which has been in existence for over two years. Investments made over recent years in the group’s technology have been focussed on the delivery of a cloud‐based, modular, hardware‐agnostic SaaS platform. The number of connections on the platform has now reached 10,000. The sales opportunity pipeline currently sits at over £50m post‐acquisition.

Beyond the near‐term acquisition target, the company will continue to look for opportunities to strengthen and deepen the product portfolio, extend the range of services offered, and potentially add growth into adjacent market opportunities

In terms of valuation, we believe the acquisition of InfoTec was undertaken at a good price (c.2.5x EV/EBITDA) and is an excellent fit – even being in the same town as the main activities of Journeo. However, we have not baked in any synergies on cost, or indeed on cross selling. Therefore, just putting the businesses together for FY 23 (E)should yield a turnover of £33m, and EBITDA of £4.2m. Net margins should improve by 2% to 9%. At our entry price, post‐acquisition Journeo therefore trades on a FY 23 (E) EV/Sales multiple of 0.3x, an EV/EBITDA of 2.4x and a P/E of 5.7x. Compare this to wider peers, like Tracsis Plc which trades on a P/E of 25x, and discounting this by 30% for size and liquidity – would reflect a peer P/E of 17.5x – or 311p per share valuation, a 127% uplift to the current price of 137p.

Journeo share price data is direct from the London Stock Exchange
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