The Simplybiz Dividends - SBIZ

The Simplybiz Dividends - SBIZ

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
The Simplybiz Group Plc SBIZ London Ordinary Share GB00BG1THS43 ORD GBP0.01
  Price Change Price Change % Stock Price Last Trade
-6.75 -4.6% 140.00 15:29:36
Close Price Low Price High Price Open Price Previous Close
140.00 140.00 145.00 145.00 146.75
more quote information »
Industry Sector
SUPPORT SERVICES

The Simplybiz SBIZ Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount
10/03/2020FinalGBX2.8531/12/201831/12/201919/03/202020/03/202004/05/20204.26
10/09/2019InterimGBX1.4130/12/201830/06/201919/09/201920/09/201924/10/20190
05/03/2019FinalGBX2.0531/12/201731/12/201814/03/201915/03/201902/05/20193.03
11/09/2018InterimGBX0.9830/12/201730/06/201820/09/201821/09/201823/10/20180

Top Dividend Posts

DateSubject
15/9/2020
06:49
masurenguy: Solid Progress in H1. Resilient Performance - Digital Acceleration SimplyBiz (AIM: SBIZ), announces its unaudited results for the six months ended 30 June 2020. Financial highlights: -- Revenue of £28.9m (H1 2019: £29.1m) -- Operating profit of £5.0m (H1 2019: £3.2m) -- Adjusted EBITDA*(1) of £7.4m (H1 2019: £8.0m) -- Adjusted EBITDA*(1) margin of 25.5% (H1 2019: 27.5%) -- Adjusted EPS *(2) of 4.22p (H1 2019: 5.57p) -- Free cash flow conversion*(3) of 65% (H1 2019: 43%) -- 30 June 2020 net debt of £25.8m (30 June 2019: £30.1m) -- Full year guidance maintained - adjusted EPS no less than 11.0p (PY: 13.0p) Operational highlights: -- Digital strategy accelerated -- Scale and growth in intermediary services -- Decisive cost control and efficiency improvements -- Strong performance and contribution from Defaqto -- Mortgage completions of £7.4bn -- Awarded Service Company of the Year Operational Update The company took strong and positive action within the first week of national lockdown to successfully ensure it could fully support its customers and colleagues. All services to intermediary customers were moved onto a proprietary digital platform and delivered without disruption. Decisive cost control and efficiency improvements were made which will deliver sustained margin benefits in the future. Fintech & Research remained resilient and robust over the period with continued product developments to support our future growth. The Company's mortgage valuation business and events programme were significantly impacted by the lockdown, though volumes moderately increased in June. Management expects a continued slow recovery in the housing market during the second half of the year. Mortgage completions were consistent with prior year, further demonstrating the resilience of our customer base and services. Management quickly and successfully moved to agile working, bringing forward and enhancing developments to the digital platform, enhancing the delivery of services. Matt Timmins, Joint CEO of The SimplyBiz Group plc, commented:"We are delighted to report strong and resilient trading for H1 2020, demonstrating the robust nature of our business. We benefitted from an improving quality of our underlying earnings, under-pinned by six full months trading from Defaqto which helped offset a significant reduction in valuation income during the period. The quality of our revenues, the resilience of our customers, and the benefits of a stronger digital delivery platform have enabled strong trading during challenging times. We have responded quickly and decisively to deliver growth in key strategic areas, whilst improving the quality of our underlying earnings. We have accelerated our digital strategy. This data led, digital delivery, will further improve our quality of earnings, margins and cash generation going forward, whilst also improving customer service."
23/7/2020
08:08
davebowler: Zeus- Recurring revenues show quality What’s new: SimplyBiz’s 1H trading update confirms that recurring revenues from Defaqto and Intermediary Services have limited the impact of lockdown on revenue and EBITDA. Full year guidance: adj EPS of no less than 11p. Key points: § 1H20 revenues of £28.9m (0.7% lower than 1H19: £29.1m), with Defaqto acquisition in March 2019 offsetting a significant reduction in valuation revenue caused by lockdown restrictions. § 25.5% EBITDA margin benefited from cost management (1H19: 27.2%). § Cash flow conversion expected to exceed 65% (1H19: 40%). § Net debt at 30 June 2020 of £25.8m; Group well within banking covenants. § Board expects 2020 adjusted EPS shall be no less than 11p (FY19: 13p). § Intermediary Services division continues to deliver all its services to customers without disruption … and continues to recruit new member firms. § Distribution Channels division has been significantly impacted by the lockdown restrictions in the second quarter, with the volume of valuations and surveys moderately increasing in June. § Interims are scheduled for publication on 15 September. Outlook: Matt Timmins, Joint CEO, said the “lockdown period has allowed us to accelerate our clear digital strategy which will further improve our quality of earnings, margin and cash generation going forward.” Zeus view: SimplyBiz’s resilient business model and its acquisition of Defaqto in March 2019 have enabled the group to report interim revenues down only 1% YoY and a respectable EBITDA of £7.4m (down 6% from 1H19: £7.9m). We set out new forecasts, consistent with management guidance, on pages 2 and 3, along with our assessment of the revenue streams and divisional EBITDA margins. We expect Intermediary Services and Defaqto will together contribute 73% of both 2020 and 2021 EBITDA. Group earnings quality has improved. Valuation: At 150p SBIZ is trading on 13.6x our new 2020 forecast adj EPS of 11.0p, which including share based payments. We expect SimplyBiz to provide investors with higher than market earnings growth and have defensive qualities. With prospects of double digit earnings growth over the next few years (driven by Defaqto and Intermediary Services), a valuation of 16x Zeus forecasts 2021 adj EPS of 12.2p (i.e. 195p) is, in our opinion, credible.
10/3/2020
15:39
davebowler: Zeus; Results show quality growth What’s new: SimplyBiz’s full year results, reveal: § 12.5% growth in Intermediary Services revenue (ex discontinued) to £24.2m (Zeus forecast £24.0m) and £5.6m to Group adj EBITDA (i.e. 23% margin); § 2.2% fall in Distribution Channels revenue to £26.8m (Zeus forecast: £26.4m) and contributing £6.5m to Group adj EBITDA (i.e. 24% EBITDA margin); § Acquisition of Defaqto delivered £11.8m of revenues and contributing £4.9m to Group adj EBITDA (i.e. 41% EBITDA margin); On 28 January 2020, SimplyBiz’s trading update noted: § 24% rise in Group revenues (2019: £62.8m; 2018: £50.7m); § 49% rise in adj EBITDA (2019: £17.0m; 2018: £11.2m inc R&D amortisation); § Strong adjusted EBITDA margin of 27% (2018: 22%); § Group net debt at end 2019 was £27.0m (30 June 2019: £30.1m). Outlook: Matt Timmins, Joint CEO, said “The Board is confident and optimistic about 2020 …[and is] guiding to marginally lower growth in revenues and EBITDA, particularly in employee benefits and valuations, with operational gearing flowing through to earnings … both headline and underlying growth to remain strong.” Zeus view: SimplyBiz’s Intermediary Services division and Defaqto (9 months since acquisition), which both enjoy very high levels of recurring revenues, have delivered on our expectations. We maintain our revenue and EBITDA forecasts for these two divisions. 2020 will benefit from a full year contribution from Defaqto. The Distribution Channels division has experienced good growth in Mortgage Origination but experienced a fall in activity in Valuations and lower than forecast growth in Marketing Services. We have trimmed our revenue and EBITDA forecasts and included share based payments in adj EPS forecasts. We cut our forecast revenue 3%, adj PBT 8% and adj EPS 12% (see exhibit 1). Our DPS forecasts are based on 3x dividend cover. Valuation: At 175p SBIZ is trading on 12.7x our new forecast adj EPS in share based payments for 2020 of 13.8p. We expect SimplyBiz to provide investors with higher than market earnings growth and have defensive qualities. With prospects of 12% pa earnings growth over the next 2 years, a valuation of 16x Zeus forecasts 2020 adj EPS of 13.8p (i.e. 220p) is, in our opinion, credible.
10/3/2020
07:19
masurenguy: Excellent results ! SimplyBiz (AIM: SBIZ), announces its audited results for the twelve months ended 31 December 2019. Strong growth in revenue, adjusted EBITDA and adjusted earnings per share Financial highlights: -- Group Revenue up 24% to £62.8m (FY18: £50.7m) -- Operating profit increased by £5.2m to £12.0m -- Adjusted EBITDA*(1) up 49% to £17.0m (FY18: £11.4m) -- Adjusted EBITDA*(1) margin increased to 27.1% from 22.5% -- Adjusted earnings per share (EPS) *(1) increased by 15% to 13.4p -- Net debt £27.0m at 31 December 2019, comfortable to adjusted EBITDA ratio of less than 1.6 times. -- Final dividend proposed of 2.85p per share, resulting in a full year dividend of 4.26p per share. Operational highlights: -- Successful strategic acquisition of Defaqto -- Strong progress on software development and deployment -- Strong growth in value per intermediary customer -- Strong increase in mortgage completions -- Strong cost control maintaining strong operating margin Matt Timmins, Joint Chief Executive Officer of The SimplyBiz Group, commented: "We are delighted to have successfully completed the strategic acquisition and rapid integration of Defaqto and welcome these new colleagues into the SimplyBiz Group. This acquisition instantly expands the Group's customer base by over 50% and materially extended our software and service platform across all key sectors. The acquisition enhances the Group ' s strong and sustainable profit margins. The Board is confident and optimistic about 2020. We are guiding to marginally lower growth in revenues and EBITDA, particularly in employee benefits and valuations, with operational gearing flowing through to earnings. We expect both headline and underlying growth to remain strong."
02/3/2020
16:00
masurenguy: SBIZ has fallen 20% over the last 6 trading sessions on roughly average daily trading volumes. This is not a stock that should be particularly vulnerable to any CV disruption so there could be some potential value available here when the price finally bottoms out.
28/1/2020
08:10
gswredland: This reaction happens a lot with sbiz. Good news and big fall..
18/11/2019
13:33
masurenguy: On 4 April 2018, SBIZ raised £30m in an institutional placing to list on AIM @170p. A further placing @180p in March 2019 raised £29.1m towards the acquistion cost of Defaqto Ltd for £74.3m Serving almost 6,000 intermediary firms, The SimplyBiz Group plc is an independent provider of compliance, distribution and technology services to financial intermediaries and financial institutions. They provide compliance and business services to over 3,700 firms of financial advisers, including directly authorised IFAs, mortgage advisers, workplace consultants and consumer credit brokers. With the subsequent acquisition of Defaqto in March 2019 for £73.4m, the expanded Group also provides a fintech platform to 2,300 firms, comprising 8,500 advisers. Through its Distribution Channels, the Group provides marketing and promotion, product panelling and co-manufacturing services to more than 350 financial institutions. Defaqto also provides independent ratings of over 21,000 financial products and funds, licenced by 230 brands. Major Shareholders as at 1 June 2020 Ken Davy: 30,533,895: 31.55% Liontrust Asset Management: 10,752,513: 11.11% FIL Investment International: 6,297,908: 6.51% Lombard Odier Asset Management: 4,752,010: 4.91% Franklin Templeton Fund Management Limited: 3,947,07: 4.08% Schroder Investment Management: 3,902,777: 4.03% Company Website: hTTps://www.simplybizgroup.co.uk/investors/aim-rule-26/
10/9/2019
10:27
davebowler: Zeus; 1H reveals quality growth What’s new: Interim results confirm that the integration of Defaqto has and continues to progress well and the enlarged Group significantly increasing the scale of the Group. The Group now serves >6,000 intermediaries and >350 financial institutions. The statement notes that, including the 3-month contribution from Defaqto, there has been material P&L growth: § Group revenues rose 20% 1H on 1H to £29.1m (1H18 revenue: £24.2m); § Adj EBITDA grew 30% to £6.8m (1H18 adj EBITDA: £5.2m); § Adj PBT rose 34% to £5.9m (1H18: £4.4m); § Adj PAT rose 41% to £4.9m; § Adj EPS was 5.23p and the Board declared an interim DPS of 1.41p. Group net debt was £30.1m at 30 June 2019. This is “in line with expectations, after scheduled payment of a £1.6m dividend in April” and after the capital raising and payments for the Defaqto acquisition in March. Outlook statement: “As well as delivering the acquisition of Defaqto, which has made a strong contribution to revenue and profit, [SimplyBiz has] continued to grow the organic [business streams] with increased average revenues per member, an expanded membership base, and an enlarged service offering more than offsetting the impact of a slowdown in the housing market.” Zeus view: These interims echo the July trading update and provide evidence of the quality of SimplyBiz’s revenue and profit growth. Defaqto contributed over two thirds of the growth. Organic growth of 3% was depressed by discontinued Zest contracts and a reduction in “Panel Manager” revenues (which has a relatively low EBITDA margin. Organic growth excluding “Panel Manager” was c 14%. These other revenues enjoy higher margins. We leave our forecast adj PBT, DPS and shareholders’ equity unchanged (see exhibits 1, 6, 7, 8, & 9), but trim our revenue forecasts by £1m to reflect the fall in “PanellingR21; revenue. We trim our 2019 adj EPS forecast by 2% to reflect the actual number of shares in issue and leave 2020 and 2021 forecasts unchanged. Valuation: At 200p SBIZ is trading on 15.7x our forecast adj EPS for 2019 and 15.9x consensus expectations (Exhibit 3). We expect SimplyBiz to provide investors with higher than market earnings growth and has defensive qualities. With prospects of 15% pa earnings growth over the next 3 years, a valuation of 15x Zeus forecasts 2020 adj EPS of 15.7p (i.e. 235p) is, in our opinion, credible.
10/9/2019
07:23
masurenguy: Excellent interims ! Financial highlights: -- Group Revenue up 20% to £29.1m (H1 FY18: £24.2m) -- Operating profit up to £3.2m (H1 FY18: £1.3m) -- Adjusted EBITDA*(1) up 30% to £6.8m (H1 FY18: £5.2m) -- Adjusted EBITDA*(1) margin increased to 23.4% (H1 2018: 21.6%) -- Adjusted profit after tax*(1) increased 41% to £4.9m -- Adjusted earnings per share (EPS) *(1) increased by 8% to 5.52p -- Group net debt of £30.1m at 30 June 2019 -- Interim dividend of 1.41p per share Operational highlights: -- Acquisition of Defaqto increases customer base to almost 6,000 intermediary firms and over 350 financial institutions -- Centra financial planning software surpasses 3,000 users, up from 2,300 at 31 December 2018 -- Mortgage completions increased by 19% to GBP7.4bn in H1 2019 -- Important contract wins in both divisions including Nucleus and Vanguard. -- Awarded Service Company of the Year by both Money Marketing and Professional Adviser Matt Timmins, Joint CEO of The SimplyBiz Group plc, said: "The Group has delivered a positive first half performance, and we are delighted to have completed the acquisition of Defaqto in March 2019. The integration of the business is progressing well and in line with management expectations. As well as delivering the acquisition of Defaqto, which has made a strong contribution to revenue and profit, we have continued to grow the organic*(2) revenues and adjusted EBITDA of the Group, with increasing average revenues per member, an expanded membership base, and an enlarged service offering more than offsetting the impact of a slowdown in the housing market. The Board is pleased to declare an interim dividend of 1.41 pence per share in line with our dividend policy and remains confident of delivering against full year earnings expectations. I would like to thank everyone in the enlarged SimplyBiz team for their dedication in delivering a successful first half of 2019."
08/8/2019
23:42
masurenguy: Can't see why SBIZ should be negatively affected by any "no deal" Brexit. It is a UK service business and any exit is bound to result in quite a few new financial regulations which will increase demand and usage of their various services.
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