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JNEO Journeo Plc

274.00
1.50 (0.55%)
Last Updated: 11:25:33
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
  1.50 0.55% 274.00 22,391 11:25:33
Bid Price Offer Price High Price Low Price Open Price
270.00 278.00 274.00 272.50 272.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Special Industry Machy, Nec 46.09M 2.97M 0.1805 15.18 44.89M
Last Trade Time Trade Type Trade Size Trade Price Currency
13:02:45 O 904 271.32 GBX

Journeo (JNEO) Latest News

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Journeo Forums and Chat

Date Time Title Posts
04/10/202409:18Journeo plc - will this finally be the wiinning name?1,062
28/9/202106:49Results-

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Journeo (JNEO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
12:02:45271.329042,452.73O
11:46:51271.325301,438.00O
11:43:05271.325541,503.11O
11:39:21271.258692,357.16O
10:23:05275.002,0005,500.00O

Journeo (JNEO) Top Chat Posts

Top Posts
Posted at 04/10/2024 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 272.50p.
Journeo currently has 16,474,491 shares in issue. The market capitalisation of Journeo is £45,140,105.
Journeo has a price to earnings ratio (PE ratio) of 15.18.
This morning JNEO shares opened at 272.50p
Posted at 03/10/2024 12:10 by dodger777
Small contract win rns. Every little helps I guess but not helping the share price decline.
Posted at 19/9/2024 08:38 by adamb1978
Still think there is the potential for 1000p share price!
Posted at 19/9/2024 07:51 by dodger777
Well I’m more than happy for them to have those incentives if I can have a 6 quid share price !
Posted at 22/8/2024 09:18 by adamb1978
Personally I think 'ex-cash' multiples are mis-leading as I've never seen any evidence, either empirical or anecdottal, that the market rates company's on an ex-cash PE rather than an actual PE.

What the cash does do though, is provide a little bit of a buffer in terms of how low a share price can go, however that's not quite the same.

I'd much prefer to see company's invest most cash balances, or if they cant think of any way of doing so which would generate decent returns (quite a concern if it were true for any co!) then return it.

So for JNEO, I'd love to see that cash go on a decent sized acquisition - would push the share price up materially IMO as I dont believe the cash does much for them
Posted at 30/7/2024 08:15 by pireric
I think you are missing the point Dan

Cavendish have now released 2025 forecasts, which point to continued growth in revenue and profitability. If anything, that derisks the outlook.

On 7x ex cash P/E for 2024 now, this looks like completely the wrong price, and I could argue this should be 50% higher. So taking advantage of the update today to add meaningfully to my position while the market realises the importance of today's release. I can see this heading back over £3 in short-order.

Here is Cavendish's statement:

"Journeo has released a strong trading update for H1/24E with revenue increasing 17% to £25.6m (H1/23A: £21.8m) driven by growth across all segments of the business. Fleet systems remained the largest division and delivered a 17% revenue increase to £9.3m (H1/23A: £7.9m), whilst Passenger Systems increased 13% to £5.2m (H1/23A: £4.6m). Infotec revenues remained high at £8.5m as production of the US MTA screens started to conclude, with the final deliveries made post period-end in July. The next phase of subway trains will have printed adverts rather than digital screens given the drop-off in footfall since Covid, although there will be wiring installed to make potential retrofitting more straightforward. MultiQ had a particularly rosy first half delivering £2.7m of revenue, which is what we expected for the full year. We put this down to Journeo successfully cross-selling into its acquired customer base and expect the division to be first half-weighted. Overall, adj PBT increased 54% to £2.8m (H1/23A: £21.8m), representing an increase in adj PBT margins to 11% (H1/23A: 8%). We upgrade our FY24E forecasts in-line with the latest guidance of £50m revenue and adj PBT of £4.8m, representing a 4% and 8% respectively. We have also upgraded our FY24E net cash forecast by 8% to £12.8m, reflecting the cash generation already experienced in the first half. As the pipeline continues to grow and grants revenue visibility, we have released our FY25E forecasts which show revenue increasing 4% YoY to £52m and adj PBT increasing 6% YoY to £5m. Journeo looks compelling on an FY25E adj P/E of 9.4x (6.3x ex-cash P/E) vs peers on 16.6x, with further upside being seen if the substantial £12.8m cash balances (35% of market cap) are deployed on additional organic or acquisition opportunities leading to earnings accretion. We have used the latest FY1 P/E of 19.8x for the peer group and applied it to adj EPS of 23.8p, leading us to upgrade our price target to 470p and representing over 100% upside from the current share price. "

Eric
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 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 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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