Open Orphan pharma spin-out Poolbeg Pharma present at London South East's October live event. Watch the full video here.
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Looking like it is now getting noticed :-)
...and another new all time high.
Went through the highlights of the year and the numbers, including a slide showing the growth of business from a now major client, over the last two years. Emphasizing how important it is to get the smaller (trial) initial order from the Tier 1 institution. Not to over-promise and fail to deliver, in order to get an expanded contract, they will come.
Most significant is that Beeks' Proximity Cloud service is unique. Major Tier 1 Financial companies are prevented from using the usual cloud systems, for their core activities, due to security requirements. That's because the companies providing the service would technically have access to the data. Proximity Cloud circumvents that problem as the cloud infrastructure will be all in house (of the financial institution). This brings all ofthe top Tier 1 financial institutions into play.
Other snippets of info gleaned include:
Gordon McArthur says that Proximity Cloud has attracted a lot of interest already. The company focus is going to be developing the product leading to Proximity 2, Proximity 3 (etc).
Beeks are hoping that Proximity will generate revenues many multiples higher than present. Extra staff hiring likely to be around 25 over the year.
He did say that next year's profit would be at this year's level due to the higher capex required to install Proximity.
On being asked what Beeks total market is, Gordon McArthur says we don't know. He goes on to say that the top 30 Tier 1 institutions each spend $100-150m on services relevant to Beeks annually.
Towards the end of the session, a questioner asks what the likely revenues would be in three years time. Gordon McArthur said I can't tell you that. We have a number but I can't tell you.
Last week I calculated that Beeks would hit £10 a share within 8-10 years. Now my instincts tell me that the Beeks sp will reach this mark within 5 years. Just think of the expenditure of the top Tier 1 financial institutions. The company is aiming to capitalize on their market leading advantage with Proximity Cloud, which has been developed over the last 18 months. Nothing to suggest that Gordon McArthur and Beeks will be doing anything else, having heard the year ahead being described as landmark and breakthrough.
Of course success over the next few years is likely to attract the attentions of a predator. That is just another reason to be holding BKS.
Very interesting presentation and comments. Will post my take on it later, not surprised the sp has risen again today. Regarding the property, there are a couple of existing tenants. Who will be able to remain in newly adapted space within the building post March 2022, following Beeks' fit out. Until such time as Beeks need that space. Will mean an extra bit of cash from a no brainer deal.
CEO on Investor Meet webinar states that they are currently paying circa £15 - 17k per month on current leased building so it was a no-brainer to purchase new premises which they will move to Feb-Mar 2022
Niche market they operate in and...Way to go IMO and nice to see a new all time high on SP since webinar finished.
Been too busy to fully go through the results this morning. What I have learned is that the order pipeline has moved to a new record level. The obvious priority would be to reduce that, as revenues don't start until servers etc; are installed and become operational. Therefore it would seem as if the proposed move, to the Riverside Business Park in Braehead, can't come quick enough. Exciting days, ahead with the potential for growth to expand above current levels, in the years ahead.
A pullback is possible at the current level, though think we are looking at 250p+ this time next year.
‘Interesting’ it going to be fantastic! This company will continue with steady long term growth. It has cuts out a niche for itself and looks to set to exploit it further with the future growth. ‘Buying’ and not ‘leasing’ its new offices which are 3x as big is a big indicator as to how the board see future growth of the company. Everything is very transparent and the CEO is heavily invested to boot. I wouldn’t be surprised to see a possible takeover in the near future.
The company had been approached 3 years ago and the offer was turned down, the board know they are on to a winner.
It is clear now why they bought new premises which they plan to move into early 2022.
With 3 x capacity of current building they lease this will support their expansion plans.
Company Webinar tomorrow through Investor Meet will be very interesting.
Another new all time high hit just before COB today making it 82.35% gain over 52 week period.
Awaiting Finals on Monday 27th
Interesting times indeed.
New all time high reached today, 6 days before finals are released.
As a rule haven't usually taken the opportunity to listen to these events. Registered for the Full Year Investor Presentation on Tuesday 28 September. Following registration took the opportunity to listen to the H1 event. Am satisfied that revenues for H2 will be higher than H1 due to revenues coming online from a number of client installations delayed by Covid travel restrictions. Beeks able to test and fine tune these installations from HQ online but had to rely on local contractors to do the physical work. Other contracts have been increased following customer satisfaction.
Other snippets gleaned include;
Operating in a niche market with two rival companies, not a highly competitive market.
Clients are giving Beeks relative smaller sized contracts initially, looking for reliable performance first. Thus offering the prospect of substantial growth from existing clients alone.
Working with IPC (ipc,com) to provide for their own customers.
The private cloud service now branded Proximity, will open the door for Beeks, to a wealth of potential Tier 1 clients.
Institutions are putting pressure on the CEO to consider halting dividends to fund growth. He did point out that he was receiving the most of this money.
Beeks respect customer privacy, which is why they don't put names to contracts.
Gordon McArthur came across as uncomplicated and trustworthy.
He reminded that Beeks had received a £2m grant from the Scottish Government.
He is expecting 20% growth year on year for the forseeable future.
Final Results to be announced on September 27.
Beeks headquarters will move from the existing leased office of the Lumina Building to the nearby Riverside Building in Riverside Business Park, King's Inch Road, Braehead PA4 8YU in early 2022, following two years at the Company's current address, during which time the business has grown considerably. With approximately three times the square footage, these larger premises will provide the necessary space to fulfil the Company's growth potential. Consideration for the property was £2.1 million, payable to Braehead Park Estates Limited, which was funded out of existing Company cash balances and available debt facililties. There are no profits or losses attributable to the property pursuant to the acquisiton.
A company confident of future growth, on the back of investing in Proximity Cloud, let's hope it is money well spent.
Another new all time high today before of release of full year figs later this month..
Watching and waiting.
Good to see the recent rise maintained. It suggests that the newly released Proximity Cloud is being well received. Logic would dictate that this service has been developed in response to feedback from potential customers. The boost to revenues for the 21/22 trading year could be very significant if performance levels are as hoped. We might get an inkling of what's ahead in an outlook statement with the results, expected Mid-September. Am thinking Thursday 16th.
New all time high on sp today ahead of release of full year figs which are due very soon.
Watching and waiting.
Some shrewd investors since TU on 10 Aug BTD and sp near 3 year high today ahead of results on 1st Sept according to Co website.
One to watch.
Why are people so uninterested in this stock? Great business model and impressive leadership, big developments for company and share price and still no interest??
Not too many trades today, seemingly more shares sold than bought, but a 10p rise. Almost as if there is a large buy order out there, waiting to be covered and sellers are more than welcome.
Last week's rns brought good news of the Proximity Cloud system launch. Which by offering clients assurance of complete privacy is sure to attract new business thereby future growth. Update did not create any worries, looking forward to the results mid-Sept to see the actual numbers and future outlook. Of course the sp could be back down below 130p by then, who knows.
Apart from that matched transaction with the odd extra 383 shares thrown in, it seems as if trading has been put on hold. Could have been worse, still a substantial holding.
Last year we had a rns trading update in early August, likely the same again.
Not that I can find, or at least nothing relevant to this thread. I think you've given the answer though, use of a nomenclature to hide the shareholding. I've just looked back on HL, still nothing about BKS in the top 10 holdings of the Octopus AIM VCT.
km, I found a rns dated 31 July 2019 regarding holdings in the company (BREE) - Octopus Investment Nominees Limited. Obviously they must use the nomenclature to hide the ultimate destination of the shares. Likely though that the purchase is at least partially for this fund. Do HL have details of any other Octopus funds?
Just to add, according to the HL website, the top 10 holdings of Octopus AIM VCT include Learning Technologies, GB Group, Breedon Group, Ergomed & Ixico. There's no mention of BKS. Total assets of £192m, so you'd expect the BKS investment to appear here now if that's what it is. There's always a lag between share purchases and updated holdings, so I'll keep an eye on it. K
fdh they've added over 6.5 million shares (c.£80m) so unlikely to be an accumulation of PI investments. The VCT fund sounds a much more likely option to me. It's often difficult to follow the money unfortunately, there's just not enough transparency to be able to see where the investment has been made. It might be feasible to track the appropriate funds and see if they flag an increase in % holdings of BKS. That's all I can suggest? Whatever it is, it's good news for the SP going forward.
Today's rns indicates that Octopus Investments Nominees Limited were the party who did snap up all of the shares available. I know Octopus from energy supply, who are part of the group. Looking at their website, Octopus Investments have some VCT funds, including one in Aim companies expected to grow. The Nominees in the title, however, suggests that perhaps we don't know the actual owner of these shares. That said it could be this fund. Does anybody have an informed idea?
Looking at those late reported "sells" yesterday, I think the larger one would have been a buy based on the sp at the time. It's an odd pattern though, as if someone is setting an alert at 15.55 to trade in BKS shares. Be interesting to see if the same happens again today with another little spike.