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JNEO Journeo Plc

247.50
-2.50 (-1.00%)
Last Updated: 12:00:05
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
  -2.50 -1.00% 247.50 25,347 12:00:05
Bid Price Offer Price High Price Low Price Open Price
245.00 250.00 248.50 247.50 248.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Special Industry Machy, Nec 21.12M 903k 0.0548 45.35 40.94M
Last Trade Time Trade Type Trade Size Trade Price Currency
12:02:19 O 832 246.92 GBX

Journeo (JNEO) Latest News

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Date Time Title Posts
08/4/202409:48Journeo plc - will this finally be the wiinning name?895
28/9/202106:49Results-

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Journeo (JNEO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:02:19246.928322,054.37O
11:00:57249.893,2758,183.90O
11:00:07249.194,0009,967.50O
11:00:06249.9225.00O
10:59:48246.854,59511,342.87O

Journeo (JNEO) Top Chat Posts

Top Posts
Posted at 19/4/2024 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 250p.
Journeo currently has 16,474,491 shares in issue. The market capitalisation of Journeo is £40,939,110.
Journeo has a price to earnings ratio (PE ratio) of 45.35.
This morning JNEO shares opened at 248.50p
Posted at 02/4/2024 11:16 by 74tom
Eric, I must say your post 862 is quite notable, to read & respond to my comments with a 397 word post in 4 minutes is superhuman. Are you using a GPT program by any chance?

You've responded with the standard bull case and of course things may play out like that. However, I feel that the market has got significantly ahead of itself based on the detail provided in last weeks report.

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.

Shares pumped from August onwards due to company repeatedly reiterating that they were materially ahead of forecasts. Whilst this is obviously true with regard to revenue, it's clear that organic operating profit was actually substantially lower than the prior year, and I can't imagine the March 2023 forecasts planned for that?!

It's also extremely relevant given the company likes ramping it's 'pipeline' of £55-60m, if this is work that will earn them a 2% operating margin then it's hardly exciting is it? And it's not as if public transport bodies are awash with cash.

Likewise with the recent purchase orders, they enjoy reporting the gross figure but £5.75m of orders at the H2 operating margin of 1.4% = £80k of operating profit...

Surely operating margins are everything if you are expecting expanding PE ratios & growing EPS to drive shares higher?
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 27/3/2024 11:33 by nchanning
Directors for the most part act like value investors , they tend to buy when the share price falls and sell when it rises . The most golden signal of all is when a director buys near the highs . It goes against their natural instincts , extremely bullish . CFO probably not that wealthy either , and with stock options in the bag still willing to dip into his pocket
Posted at 27/3/2024 11:02 by hydrus
That is interesting because the share price is near an ATH and yet he wants more. Really suggests confidence in what is likely to pan out over coming months.
Posted at 10/3/2024 11:14 by eeza
I believe the weakness is DSM selling down their holding.

They issue a factsheet once a month.
1 Jan shows JNEO at 8.04% (of DSM fund)
1 Feb shows JNEO at 3.01%
1 Mar shows JNEO at 2.73%

There were quite a few large trades late reported for JNEO last week.
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 30/11/2023 13:52 by adamb1978
Thanks NChanning. If they achieve those margins, and they dont seem unrealistic given the nature of those businesses, it would be completely transformational to the share price. As I've said before, I dont think a 1000p share price is out of the question in say 3 years - 50p EPS and a re-rating once the market sees growth + margin improvement + high returns
Posted at 05/10/2023 23:48 by vfast
M1roda,

That is a good question and I have noted the same trades which appear to be buys!

I can't give a definitive answer regarding the trades and the share price however I'm very positive that the share price will kick up hard again before the yearend.

So much going for JNEO, right company in the right place at the right time.

I believe at some stage JNEO will be snapped up by a big company.

IMHO
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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