The Simplybiz Share Discussion Threads

[masurenguy] 18/11/2019 13:38

New thread, with charts, here:

[masurenguy] 18/11/2019 13:35

New thread.

Simon Thompson's recent view: "Zeus Capital are maintaining their full-year adjusted pre-tax profit of £14.9m, up from £10m in 2018, on revenue of £64.6m to deliver underlying earnings per share (EPS) of 12.7p. In the 2020 financial year, analysts are pencilling in pre-tax profit of £15.7m on revenue of £73.2m to produce EPS of 15.7p. Dividend per share estimates are 4.3p and 5.2p, respectively. This implies the shares are rated on a forward price/earnings (PE) ratio of 13 and offer a 2.6 per cent prospective dividend yield for the 2020 financial year. That’s hardly an expensive rating, given that a full 12-month contribution from Defaqto de-risks a chunk of SimplyBiz’s anticipated profit growth in 2020, and the enlarged group is reaping revenue and synergy benefits from the increased analysis and insight derived from the acquired business. SimplyBiz’s share price has pulled back from summer highs of 242p. However, the group’s operational performance, trading outlook and scope for strong earnings growth in 2020 suggest this is not only unwarranted, but a buying opportunity, too. Buy."
Investors Chronicle, 16 September 2019

[masurenguy] 18/11/2019 13:33

THREAD CLOSED - NEW THREAD FOR FINTEL.

[gswredland] 06/11/2019 19:32

Not sure but added on weakness

[gargleblaster] 06/11/2019 19:04

EEEKKK - What happened today?

[gswredland] 15/10/2019 11:58

Yep wonder what is happening

[soundbuy] 15/10/2019 11:20

A pulse this am.

[davidosh] 14/10/2019 01:06

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.

[sharesoc] 08/10/2019 15:05

Simplybiz are presenting at Mello London this year. Save over £80 on the 2 day Mello London ticket if you are a full member of ShareSoc. For more info see -
If you are not yet a full member of ShareSoc and want to benefit from the heavily discounted tickets see:

[masurenguy] 23/9/2019 13:09

I didn't indicate that the recent director purchases were the trigger for today's price rise. The volume today is fairly small, only 30% of the average daily volume just past the halfway point in the trading day, so that is not a factor. There were a couple of late transactions on Friday, totalling 737,500 shares at 194.5p/195.5p so that may have been an overhang clearing. Furthermore the spread has also narrowed today from 12.5p earlier this morning to 6.0p at lunchtime so in reality the midprice is only up by 2.7% compared to the misleading picture of 5.1% on the above chart.

[gswredland] 23/9/2019 12:27

Yes but strange it results in a rise today

[masurenguy] 23/9/2019 11:38

Joint-CEO's have invested £100K in new share purchases over the past 2 weeks.

[gswredland] 23/9/2019 10:07

Tipped somewhere?
Price jumping with small investors buying it would seem

[alan@bj] 16/9/2019 15:52

So with the announcement a few minutes ago that's two directors now each buying a further 25,000 shares.

[f15jcm] 16/9/2019 13:24

Surprised he didn't mention the Director buy.

[alan@bj] 16/9/2019 12:26

Simon Thompson BUY recommendation just out.

[gargleblaster] 10/9/2019 16:54

Hopefully "tommo" will pen an article praising these results and give the share price a boost.

[masurenguy] 10/9/2019 13:36

MM's playing with the spread & price - maybe a sizeable order is being worked in the background.

[davebowler] 10/9/2019 11:27

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.

[masurenguy] 10/9/2019 10:45

These 5 institutions and 4 directors now collectively hold 71.4% of the shares.
A good balance with directors also having plenty of skin in the game !

Director Shareholdings
Kenneth Ernest Davy 31.50%
Sarah Turvey 1.78%
Matthew Lloyd Timmins 1.72%
Neil Martin Stevens 1.69%
Sub Total 36.69%

Current Institutional Shareholders
Liontrust Asset Management 10.49%
FIL Investment International 8.10%
Lombard Odier Asset Management 8.01%
Franklin Templeton Fund Mgmt 4.08%
Schroder Investment Management 4.03%
Sub Total 34.71%

[soundbuy] 10/9/2019 10:24

25,000 director purchase........not too shabby

[soundbuy] 10/9/2019 08:43

Ditto the above..........

[gswredland] 10/9/2019 08:33

Agreed Mas.
Happy holder. We should get some upgrades by brokers

[masurenguy] 10/9/2019 08:23

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."