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SBIZ The Simplybiz Group Plc

195.00
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
The Simplybiz Group Plc LSE:SBIZ London Ordinary Share GB00BG1THS43 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 195.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
190.00 200.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 195.00 GBX

The Simplybiz (SBIZ) Latest News

The Simplybiz (SBIZ) Discussions and Chat

The Simplybiz Forums and Chat

Date Time Title Posts
10/3/202110:57Simply Biz - Compliance services to the financial service sector75
06/12/201909:36The SimplyBiz Group plc 263

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The Simplybiz (SBIZ) Most Recent Trades

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The Simplybiz (SBIZ) Top Chat Posts

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Posted at 10/3/2021 10:25 by rik shaw
The SimplyBiz Group Becomes Fintel plc
New name and new EPIC: FNTL
Posted at 27/1/2021 12:13 by energeticbacker
Featured in Investor's Champion update –

Revenues were marginally lower at £61m but they failed to offer guidance on profitability, simply that adjusted EPS would be ‘marginally above’ 11.0 pence per share – the house broker is forecasting adjusted pre-tax profit of £13.6m.
Posted at 26/1/2021 09:11 by davebowler
Zeus;
Marginally ahead of July guidance
What’s new: SimplyBiz’s trading update gives clear guidance for their full year results due on 16 March:

§ £61m revenue (3% below 2019 revenue: £63m);

§ 28.3% adjusted EBITDA margin (same as 2019: 28.3%), which implies £17.4m adjusted EBITDA (i.e. 2% lower than 2019 adj EBITDA of £17.8m);

§ Robust cash flow conversion (calculated as adjusted EBITDA, less working capital movements, lease payments, CAPEX, development expenditure, corporation tax paid and interest, as a percentage of Adjusted EBITDA) is expected to exceed 65% (2019: 46%);

§ Net debt reduced to £19.5m (31 December 2019: £27.0m) and net debt to adjusted EBITDA ratio of 1.1x (2019: 1.5x).

Guidance: The Board raised its confidence in adj EPS to “marginally above 11.0p” (from “no less than 11.0p”) and guides to final DPS of no less than 2p per share.

Outlook: Matt Timmins, Joint CEO, observed the “resilient trading performance in a challenging year, demonstrate[es] the robust nature of our core revenues and an ongoing improvement in the quality of [core] underlying earnings, offsetting an expected reduction of valuation income in the period.

“Throughout 2020 we have … accelerate[d] our digital strategy, grown our core customer base, and delivered … new services which will further improve quality of earnings, margins and cash generation.”

Zeus view: We nudge up: our 2020 forecast revenue 2.9% to £61.0m; our EBITDA up 2.4% to £17.3m; our adj PBT and adj PAT up 1.8%. Consequently, we raise our adj EPS forecast by 1.8% to 11.2p (July guidance was “no less than 11.0p”).

Cashflow is stronger than we expected: net debt of £19.5m is £2.3m lower than our £21.8m forecast. We reduce our December 2021 net debt forecast by £2.2m to £13.0m. We estimate cashflow after capex of c. £8.5m (i.e. 8.8p free cashflow per share); implying free cashflow to adj EPS ratio of 79%.

We will review our 2021 forecasts and set out our 2022 expectations, when management discloses 2020 core revenues and EBITDA, on 16 March.

Valuation: At 181p, SBIZ is trading on prospective PER of under 15x, which arguably does not reflect the quality and growth of its core digital businesses which generate 80% of Group revenues and over 90% of Group EBITDA.

In our opinion, as set out in “Digital Transformation”; our 13 January 2021 note, SimplyBiz’s Core business, when it grows revenues organically at 5% to 7% pa, and operates on a 35% to 40% EBITDA margin, should trade on a sales multiple 4.5 to 5.0x and ungeared PER multiple of 18x to 19x. NB: On 5x Core revenue 2021 forecast of £51.7m = £258m = 267p per share.
Posted at 25/1/2021 09:36 by davebowler
AFH takeover -
Posted at 15/1/2021 09:28 by masurenguy
"Wrong thread" Then why post here ! This is the SBIZ thread.

"Were you in RIFT ?" No.

NB: Major shareholders updated in the header.
Posted at 24/12/2020 12:15 by its the oxman
Not sure if sellers being mugged today by buyer try to avoid pushing the price up, bid now 179.5p after sales in the 160s, reckon this will spike up soon.
Posted at 11/12/2020 11:04 by its the oxman
Hard to know what's going on with Brexit looming large again , but sbiz seems to be doing pretty well so happy to sit tight.
Posted at 10/12/2020 11:01 by jimtech
At the beginning of yesterday share price was up around 5%. I watched their Capital Markets presentation and was impressed by their plans but the share price was down -8% at the end of the day.
Did I miss something yesterday?
I am a holder at 153p.
Posted at 09/12/2020 08:01 by masurenguy
Trading Update

The Board reaffirms, and is confident, that its adjusted EPS will be no less than 11.0p
The Board is confident that Defaqto will deliver double-digit EBITDA growth in 2020
The Board announces its intention to propose a final dividend for FY20 of 2.0p per share
Posted at 27/7/2020 08:56 by masurenguy
SimplyBiz ‘share price should reflect the improved quality of its earnings’ Zeus Capital
(Analyst Interview)
The Simplybiz share price data is direct from the London Stock Exchange

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