Share Name Share Symbol Market Type Share ISIN Share Description
Pci-pal Plc LSE:PCIP London Ordinary Share GB0009737155 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -2.00 -1.83% 107.50 27,428 08:44:20
Bid Price Offer Price High Price Low Price Open Price
105.00 110.00 109.50 107.50 109.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 4.40 -4.35 -8.84 64
Last Trade Time Trade Type Trade Size Trade Price Currency
10:21:01 O 915 109.25 GBX

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Pci-pal Daily Update: Pci-pal Plc is listed in the Support Services sector of the London Stock Exchange with ticker PCIP. The last closing price for Pci-pal was 109.50p.
Pci-pal Plc has a 4 week average price of 104.50p and a 12 week average price of 65p.
The 1 year high share price is 114.50p while the 1 year low share price is currently 36p.
There are currently 59,388,116 shares in issue and the average daily traded volume is 190,068 shares. The market capitalisation of Pci-pal Plc is £63,842,224.70.
energeticbacker: Given low customer churn, high gross margins and a relatively fixed cost base PCIP looks to be rapidly closing in on cash flow break-even and profitability according to Investor's Champion's latest research.
this_is_me: Another big jump in the share price.
energeticbacker: Investor's Champion comments: The c£50m looks fairly punchy for a business with annualised revenues of only £8m, but PCIP is growing strongly suggesting its product offering has also struck a cord with customers.
this_is_me: Share price drifting up on low volume.
this_is_me: The share options look like they are properly designed to be help staff retention be good incentives to realise the company's progress.
this_is_me: How did the CFO manage to buy shares at that price on Friday? The trade is not on the ADVFN trades page for Friday.
this_is_me: Tthe share price is roughly twice what it was about a year ago.
euclid5: The group has signed new contracts worldwide with a Total Contract Value (TCV) of £3.4m – 53% more than the TCV achieved across the whole of FY 2018. Within that, North American contract wins were ahead of management expectations with a TCV of £1.0m from a standing start. More importantly, we focus on the growth in recurring Annual Contract Value (ACV) of these new contracts – £1.3m (2017: £0.2m) up 136% on the ACV of sales achieved FY 2018, an impressive performance. Post this period-end, PCIP has already sealed a new worldwide reseller contract, integrating with one of the fastest growing CCaaS providers in North America. As management comments, PCIP has indeed reached an exciting point in its development. It has a platform to reach strategic and operational objectives scaling the business on ambitious growth plans. They are right to be genuinely excited with the right strategy and team in place to take advantage of significant market opportunities. The shares spiked sharply to highs touching 80p a little over a year ago before the £5m placing at 45p. The price has halved again since then on the back of a general market correction, a perception of slow progress in deploying the AWS platform and some management change Yet as we see from these results, the business’ performance has been very positive over H1: receiving all the cash from the sale of the contact centres, launching the new worldleading cloud-based platform and signing both large and high-profile contracts on it. PCIP is now in a stronger position than ever before yet the shares still languish at a low level. We feel a re-rating is imminent. Having just launched the platform, PCIP is rather early-stage to measure against peer valuation metrics as provided below While rivals trade on 2.2x Cal 2020 sales, PCIP is at an earlier stage with superior cloud based offering and growing faster with exciting prospects. We therefore target an EV/Sales multiple of 2.7x FY 2020 sales to justify our 50p target price for PCIP
euclid5: Finncap Broker note dated 21 Feb 19 - keeps TP 50p _ ______________________________________ Management is pleased with the sales progress in H1 and feel the company is on track for FY results. H1 has seen strong sales performance on the back of the launch of the AWS service. With early adopters going live on the AWS platform, Total Contract Value (TCV) signed, and the critical recurring Annual Contract Value (ACV) on contracts signed, have soared; both are significantly higher in this first half than achieved across the whole of last year on the old platform. This contracting success highlights the attraction of the new AWS offering to call centre operators and helps to underpin our growth expectations. Results review: The AWS platform was launched last year and is now the core sales driver however this is still relatively early stage when compared to contracts now being signed. Under IFRS15, H1 revenue grew by 28% YoY to £1.2m but the recurring revenues increased by 23% to £1.0m. Gross margin increased from 41% to 51% with greater scale and the new platform, thereby delivering a £0.6m contribution, up 50% YoY. However, the overheads jumped 47% YoY in developing the North American business. This saw an adj. LBT of £2.0m (2017: £1.6m) ahead of £0.3 of exceptionals. Cash is key and FCF of -£2.3m was offset by £2.1m received in a final payment from the 2016 sale of the contact centres to leave £3.5m net cash. Thoughts: This first half set the stage for growth as PCIP builds a platform to address global opportunities in the North American region in particular. The business changed fundamentally with the sale of the contact centres; the management has been restructured and the last proceeds from the sale have been received, closing that chapter. Now the new cloud based platform has launched and sales contracts are ramping rapidly through rapidly developing channel partnerships. Forecasts: With the company’s adoption of IFRS 15, we switch to our previously disclosed IFRS 15 forecasts. These are lower as up-front fees are spread over the length of contract, increasing the loss. There is no cash impact. Forecasts: With the company’s adoption of IFRS 15, we switch to our previously disclosed IFRS 15 forecasts. These are lower as up-front fees are spread over the length of contract, increasing the loss. There is no cash impact. The UK’s PCI-compliant payment solutions market is comparatively advanced, but Europe is less so and the huge but under-served US market offers a very exciting opportunity – for PCIP in particular due to its light-touch cloud approach, which allows relatively easy deployment globally. Investment case We identify numerous key investment points: The AWS solution is cloud-based software and does not require hardware provision; neither installation nor ongoing maintenance in far-flung regions; This allows rapid deployment and rollout anywhere in the world opening up new underserved regions such as North America and Australasia as well as appealing to large multinational customers; The cloud-based software provision facilitates a channel approach. PCIP has already integrated with several channel partners and is planning to deploy with more over the coming year. Once integrated in one deployment, it becomes easier and swifter with subsequent sales; Hard experience from its own contact centre management - unique amongst suppliers - has significantly assisted the development and support of the solution; The new AWS platform brings higher margins; PCIP is very secure and well-funded with a strong balance sheet and ongoing revenue from a growing list of long-term contracts from large blue chip customers; it is well run by an experienced and committed management team. The key risk in this stock is the relatively early stage of and small scale of operations, suggesting some time until profitability. On current forecasts, the company is funded through to cash profit thanks to the fund-raising early last year and the receipt of proceeds of sale of the call centres. While there are clear drivers for PCI-DSS adoption is not yet mandatory and it is acknowledged that full global compliance will take time, albeit assisted by laws such as GDPR. Https://
ntv: hence the huge fall in the share price fair value at the moment somewhere around 17p
Pci-pal share price data is direct from the London Stock Exchange
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