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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Microlise Group Plc | SAAS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 166.50 | 07:36:02 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 166.50 | 166.50 | 166.50 | 166.50 | 166.50 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Top Posts |
|---|
Posted at 25/4/2024 07:23 by masurenguy Berenberg ‘bullish&rsquoBerenberg is backing transport management technology group Microlise (SAAS) as it proposes a maiden dividend. Analyst Kurran Aujla retained his ‘buy’ recommendation and increased the target price from 170p to 210p on the software-as-a-servic |
Posted at 09/4/2024 07:14 by masurenguy A positive set of results with sales increased by 13%, EBITDA and net cash ahead of market expectations plus a maiden dividend of 1.725p.Results for the year ended 31 December 2023 Strong performance driven by consistent strategic execution Financial Highlights · The Group has driven an increase in total revenue to £71.7m (13%) for the 12 months ended 31 December 2023 (FY22: £63.2m). · Growth in the period was a result of continued strong demand from Original Equipment Manufacturer (OEM) customers and increased revenue from direct customers towards the end of the year as an improvement of new vehicle availability in H2 enabled the Company to deliver against its record orderbook. · Recurring revenue +11% to £45m, ahead of market expectations, supported by the renewal of several major customer contracts and new customer wins (FY22: £40.5m). · Gross profit +16% to £43.6m (FY22: £37.6m), at a gross profit margin of 61% (FY22: 60%) due to the increased gross margin % from both recurring and non-recurring revenues in the period. · Adjusted EBITDA +15% to £9.4m (FY22: £8.2m), ahead of market expectations. Adjusted EBITDA percentage has increased marginally to 13.1% (FY22: 13.0%). Operating margins flat following the previously announced commencement of the Group's investment programme to improve its go-to-market and product offering and support further growth. · Continued strong underlying cash conversion exceeding 90% reflecting growth in subscription revenue and continued good working capital management. · Robust balance sheet with £16.8m cash and cash equivalents (FY22: £16.7m), £10m undrawn Revolving Credit Facility and £20m accordion facility available until April 2027 with the option to extend. · Maiden final ordinary dividend of 1.725 pence per share (FY22: nil) payable on 28 June 2024 to shareholders on the register at close of business on 7 June 2024. Strategic and operational highlights · Subscriptions +6.8%, driven by continued growth in our existing customers together with new customer wins (FY22: 599,000). · Annual recurring revenue (ARR) run rate +12% to £47.7m, of which 11.8% represented organic growth at 31 December 2023 from £42.6m on 31 December 2022. · The Group added over 450 new customers in the period and long-term contract customer churn rate by value remained very low at 0.7% (FY22: 0.4%) Current Trading & Outlook · Microlise enters FY24 with good momentum driven by consistent strategic execution. Looking ahead, the Board expects organic growth to improve from current levels as we move through the year supported by a healthy orderbook and pipeline of opportunities across OEM and direct customer divisions. Operating margins are expected to trend upwards in FY24 and beyond, as we focus on careful management of the cost base and efficiently scaling the Group. · We started the new financial year in line with our expectations and remain very confident with the opportunities we have in front of us, and in our ability to deliver against market expectations. · Recent acquisitions of Transportation Management System (TMS) providers, Enterprise Software Systems and Vita Software, as well as vulnerable road user app supplier K-Safe are trading in-line with our expectations. Nadeem Raza, CEO of Microlise, commented: "Microlise performed well in FY23, delivering double digit revenue growth, increased profitability and strong cash flows. During the period, we secured the renewal of several major customer contracts and significant new logo wins. We are continuing to build a resilient business to deliver sustained, efficient growth having made three key acquisitions that have enabled us to improve and expand our product offering. Our focus remains on scaling our business and increasing margins through consistently improving the efficiency of our business. With the supply chain issues in the first half of the year now fully behind us, and with a strong order book and healthy pipeline, we look forward to 2024 with confidence." |
Posted at 05/4/2024 14:19 by citys2874 Expect we will see a lot more people buying into SAAS today and we should rally this afternoon |
Posted at 05/4/2024 08:44 by masurenguy Despite a down market day SAAS just hit a 12 month high this morning ! |
Posted at 28/3/2024 12:04 by citys2874 RNS TODAYMicrolise Group plc (AIM: SAAS), a leading provider of SaaS based transport technology solutions to fleet operators, is pleased to announce it has signed an initial 5-year contract for a total value of AU$20M (approximately £10.6 million at AUD:GBP of 1.9352 as at 27 March 2024), with WooliesX, part of the Woolworths Group, Australia's largest supermarket chain. WooliesX has selected Microlise to deploy applications across its entire online delivery fleet operation throughout Australia, which provide home delivery to 240,000 customer homes every week, and travel over 70,000,000 km's annually. The landmark contract was agreed with a view to delivering improved asset and driver visibility, monitor asset health, understand the impact on the environment, promote behavioural improvements in drivers, enhance safety & compliance and reduce fuel costs. WooliesX roll out of Microlise's solutions has already begun, with the remainder taking place across the rest of 2024. These solutions include Fleet Performance, Journey Management, Health & Safety Module, Cold Chain Temperature Monitoring and Full 5 Way clear vision Risk Reduction Cameras with AI Driver Distraction Camera's. The contract also includes Third-Party Integration with Woolies Proprietary Delivery Management Application (Woolies GO), which will interlink the two systems to share Woolies GO data via API directly into the Microlise Journey Management system, providing transparency across their operations and drivers performance. |
Posted at 26/2/2023 14:13 by masurenguy New thread incorporating charts, company news and financials. This company was also tipped in the Mail On Sunday today.Fast-growing Microlise helps JCB and its customers to maintain vehicles more effectively As a firm specialising in transport-related technology, the group works with almost every large retailer in the UK, helping them to optimise delivery routes, keep drivers safe on the road and ensure that fleets comply with regulations. Microlise joined the junior AIM market in July 2021 at £1.35 a share. Today the stock is £1.13, yet businesses are clamouring for Microlise products. Customers include all the major supermarkets, top retail chains such as Marks & Spencer, Next and DFS, and delivery firms from Royal Mail to DPD. Some firms use Microlise to work out routes from warehouse to store. Others rely on the Nottingham-based group to calculate how best to deliver goods to consumers' homes. The company's software is used by more than 200,000 drivers in the UK and customers' savings are extensive. Microlise is winning business overseas as well. Top Australian supermarket Coles is a customer, French firms are signing up and further expansion is expected across Europe and the Asia Pacific region. The firm was hit by a shortage of microchips in 2022 but brokers still expect a 5% increase in annual turnover to £63m with profits up nearly 9% to £5m. Further steady growth is expected this year, with the pace increasing in 2024 as economic activity picks up, supply chain issues ease and the firm gains ground outside the UK. CEO Nadeem Raza has worked at Microlise for nearly 40 years, joining as a software engineer and taking on the top job in 2008. Knowing the business inside and out, he has helped the firm to develop a name for reliability, service and innovation. Midas verdict: Microlise is a well-run company offering a service that helps businesses to save money and operate more efficiently. Raza is also highly motivated to succeed, with just over 50% of the shares, and he is keen to start paying a dividend as the business grows. At £1.13 the stock is a buy. |
Posted at 26/2/2023 13:59 by masurenguy Established in 1982, Microlise is a leading provider of transport management software to fleet operators helping them to improve efficiency, safety, and reduce emissions. This enables lower vehicle fuel usage, reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of an enhanced customer experience.!YOUTUBEVIDEO:1Kf4wF Listed on AIM in July 2021 @135p per share raising £18.6m for the Company and approximately £42.6m for existing shareholders selling stock in the IPO. Market cap on listing was £156.5m. Results for the 18 months ended 31 December 2021: In a Trading update for the year ending 31 December 2022 the company stated that it expected to report year-on-year revenue growth of 5% to £63.2m, despite industry headwinds caused by microchip supply chain issues and delays in project deployment with non-OEM customers, which resulted in non-recurring revenues slightly below forecasts. Annual Recurring Revenues grew at a faster rate than revenue, by 10% to £42.6m, with recurring revenues now representing 64% of the total. The balance sheet was also greatly strengthened during the year, with net cash at the end of December 22 up 27% to £16.7m, (FY21: £13.2m). In addition, the Group has an undrawn £20m Revolving Credit Facility. The Group expects to publish its full year results for the Period in late March 2023. Main institutional shareholders at 12 March 2024 Liontrust Investment Partners: 13.65m. 11.77% BGF Investment Management: 7.73m. 6.66% Columbia Threadneedle Inv: 5.39m. 4.65% Hargreave Hale: 5.13m. 4.42% Canaccord Genuity Wealth:4.80m. 4.14% Threadneedle Asset Management: 5.4m. 4.66% Ninety One UK Ltd: 3.62m. 3.12% Sub Total: 45.06m: 40.16% Other Investors Nadeem Raza: 58.03m. 50.05% Robert Harbey: 6.77m. 5.85 Roy Allum: 4.29m. 3.70% Sub Total: 69.09m. 59.6% Company Website: Flag counter added on 04/03/24 |
Posted at 24/1/2022 14:53 by kalai1 Microlise Group plc issued a trading update for the 18 months ended 31 December 2021. The company experienced strong growth in Revenue and EBITDA in line with market expectations with the Annual Recurring Revenue (ARR) run rate at 31 December 2021 at £39.0m, an increase of 9% on December 2020 (£35.7m). The Group was successfully admitted to AIM in July 2021, raising £61.2m of gross proceeds including £18.6m for the Company. This will be used to accelerate organic growth and support the Group's M&A strategy. The company is a newly listed tech, growth story. But valuation is excessive for the time being with PE ratio over 200. Certainly an interesting new tech name to monitor, but no rush to buy anytime soon....from WealthOracleAMhxxps://wealthoracle |
Posted at 28/8/2021 08:25 by wantage Impossible to buy in any size. Can't find any research.chart is perma bullish. SAAS says it all. |
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