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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| The Simplybiz Group Plc | SBIZ | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 195.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 195.00 | 195.00 |
| Top Posts |
|---|
Posted at 05/12/2020 08:55 by masurenguy Latest investor presentation. |
Posted at 12/11/2020 15:23 by masurenguy An update could come next month prior to the year end pre-close statement at the end of January.SimplyBiz will hold a virtual Capital Markets Briefing for analysts and investors on Wednesday, 9 December 2020 starting at 14:00. |
Posted at 24/9/2020 11:35 by davidosh Simply Biz are presenting on Monday evening 28th September at the new Mello Monday virtual event that will be hosted by Mello Events with a very entertaining and educational programme lined up.The full three hour programme can be viewed here.... All investors welcome There are still tickets left if investors would like to join....use the code MMV5 for a ticket costing less than a fiver. |
Posted at 23/7/2020 09:08 by 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. |
Posted at 10/3/2020 15:39 by 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. |
Posted at 18/11/2019 13:33 by masurenguy THREAD CLOSED - NEW THREAD FOR FINTEL. |
Posted at 14/10/2019 01:06 by davidosh Just to let shareholders and potential investors in SimplyBiz know that the management team will be exhibiting and presenting on both days day of the two day Mello London investor conference in Chiswick London W4 on Tuesday 12th and Wednesday 13th November and there will be an opportunity to take part in a Q&A at the end of each presentation. These are just a few of the companies taking part...There will also be lots of quality keynote speakers, panel sessions and round table discussions looking at investment strategies & portfolio diversification plus sessions on.... How does a market maker work your share trades? What is undertaken in a company audit? What is hidden on the dark web? & how can retail investors get access to placings? If you would like to join the thousand investors at the event you can gain 30% discount on your ticket by entering the code ADVFN30 when you purchase your ticket. |
Posted at 23/9/2019 10:07 by gswredland Tipped somewhere?Price jumping with small investors buying it would seem |
Posted at 10/9/2019 11:27 by 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 “PanellingR 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. |
Posted at 20/3/2019 08:37 by masurenguy Conditional Acquisition of Defaqto Limited ("Defaqto") for £74.3m and Conditional Institutional Placing at 180p per Ordinary Share to raise £29.1mSimplyBiz (AIM: SBIZ)has conditionally agreed to acquire the entire issued share capital of Regulus Topco Limited ("Regulus"), owner of Defaqto (the "Acquisition"), a leading financial services technology business, for a total consideration of £74.3mn (the "Total Consideration"). On completion, Defaqto will have £3.4m in cash on its balance sheet. Acquisition highlights -- Defaqto is a leading financial services technology business operating a fintech platform for 8,500 advisers and providing independent ratings of 21,000 financial products and funds, licensed by 230 brands. -- Defaqto has developed a proprietary, scalable and flexible IT platform and infrastructure, supporting the largest database of financial products in Europe and providing unique information and insights to aid consumer and adviser purchase decisions. -- The combination of SimpyBiz and Defaqto creates a single fintech and support services group, which will benefit from an increased number and range of distribution channels. -- Defaqto will help the Group to advance its services into the General Insurance and Banking markets as it looks to expand its offering. Similarly, SimplyBiz will offer Defaqto access to its knowledge and experience of the advisory and asset management markets. -- A leading consumer brand with 70% recognition, Defaqto is a highly cash generative business built on a regulatory and capital light model; in 2018, generating revenues of GBP12.8 million and adjusted EBITDA of GBP5.3 million. Adjusted EBITDA margin in 2018 was 41%. -- The Acquisition is expected to be earnings enhancing (before synergies) during the first twelve months of ownership, as well as to provide significant strategic benefits. -- The Acquisition includes the purchase of £3.4m of cash on Defaqto's balance sheet at completion. -- Defaqto management have agreed to receive 50% of their vendor equity consideration in SimplyBiz shares, which are subject to a 12 month hard lock in, with a further 12 month orderly market provision. They will hold, in aggregate, 4.3% of the enlarged issued share capital of the Group. Acquisition financing -- The Company intends to finance the Total Consideration for the Acquisition and associated expenses of £2.9m through: o a conditional placing of new ordinary shares in the capital of the Company ("Ordinary Shares") with institutional and other investors to raise £13.8m (the "Primary Placing"); o the issue of new Ordinary Shares to the value of £15.3m to certain of the vendors which will then be conditionally placed with institutional and other investors (the "Vendor Placing" and together with the Primary Placing, defined as the "Institutional Placing"); o the issue of new Ordinary Shares to the value of £7.5m to certain of the Vendors (the "Consideration Shares"); o approximately £37.5m of borrowings from new bank facilities; and o the balance of approximately £3.1m from the Company's current cash resources. -- Post-Acquisition leverage is expected to be c.2.3x net debt to enlarged Group adjusted EBITDA (before share based payments) and expect this to be below 2x by 31 December 2019 due to the Group's high level of cash conversion. -- The Acquisition is conditional, inter alia, upon admission of the new Ordinary Shares to be issued under the Institutional Placing (the "Placing Shares") and the Consideration Shares to trading on AIM ("Admission"). Institutional Placing highlights -- The Institutional Placing has conditionally raised £29.1m, comprising a £13.8m Primary Placing and a £15.3m Vendor Placing. -- The Placing Shares were conditionally subscribed for at, and the Consideration Shares were conditionally issued at, a price of 180 pence per Ordinary Share (the "Placing Price"), representing a discount of 6% to the closing mid-market price of the Ordinary Shares on 19 March 2019. -- The Placing Shares will comprise 16.7% of the enlarged issued share capital. |
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