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trading update ahead, happy days
Market Maker have been doing a good job of keeping a lid on this share, with so few sellers around. This sale after the secondary placing on October 13 would have been very welcome.
13-Oct-21 12:19:30 630.00 170,000 Sell* 640.00 660.00 1m O
However, today's buys alone have gobbled that block up.
It seems to me that the price has to rise to encourage sales and find the right market level. Currently increased @ 700p to sell.
My personal target price for the year ahead was £8 in the spring. I think that £8.50+ is more likely now.
DYOR as I could be wrong.
The placing wasn't a surprise. The shares on offer have all been snapped up at a significant 630p (another plus for finnCap). That reflects the strong institutional interest in the company. They just weren't prepared to push the price up too high in a scramble for shares at this stage. If the last placing is a guide, it should place a floor for the sp @630p (barring a global market correction). At least until we get more news from the company.
Last year Elixirr issued a Trading Update on October 19. Can't be certain that we will get one so soon this year, but would expect something by mid-November at the latest.
FY Revenues guidance of £47-50m looks cautious. £47m would mean lower H2 revenues than H1. Last year H2 revenues were 23% up on H1. Factor in the performance of the new partners and a full half of numbers from the current House of Brands and for me £50m would be a minor disappointment. Too early to worry, nothing like a numberless above market or a forecast upper range of expectations trading update, to boost sentiment. Still leaving a little room to surprise with the final results.
another rising soon with great potential #kzg
Kazera Global
Was confident that the drop last week was to encourage panic sales. Took advantage to top up. The lack of a definite results announcement date might also have been strategic for the same reason. Likely the board will be put under pressure to offload some more shares. The good thing is that the market makers have been obliged to push the bid price up to encourage sales. Looks as if they will have to push up to at least 700p to sell
Time to catch another crazy ride on IGAS! Just woken up.
Hold on guys this is jumping huge!
Currently nt to buy
currently up 18%. not much interest on here, but while everyone chases rainbows, here is a dead cert unicorn.
Stephen Newton, Chief Executive Officer said (extract):
"The progress across all four pillars of our growth strategy has been fantastic in the first half of the year with a particular highlight being our US growth, which is a key market for our business, and I'm delighted with the developments"
A reminder, US revenue growth increased by over 100% in H1. The stated ambition is to make Elixirr the No1 consultancy in the World. Obviously to do that, Elixirr needs to be BIG in the US. Therefore heading in the right direction. ELIX shareholders should also be delighted with the developments (with more to come).
Outlook
The Group has continued to trade well since the end of H1 21, with further year on year revenue and Adjusted EBITDA growth in July and August 2021.
Given the H1 21 results and the strong pipeline that we see for the remainder of FY21, the Board's current expectation is that full year FY21 revenue will now be in the range of £47m-£50m with an Adjusted EBITDA margin in the 30-32% range. Previously our expectation was to achieve revenues at the upper end of the £44m-47m range, at c.29% EBITDA margin. We are pleased to update this.
By sustaining focus on exceptional delivery for our clients and progressing all elements of our four-pillar growth strategy, the Board believes that the Group is well positioned for further growth and success for the remainder of the year and beyond.
Elixirr is pleased to report the following financial highlights for the Group for H1 21:
· A 77% increase in revenue compared to H1 2020, with revenue totalling £24.0m and record revenue in five of the six months in the period
· Strong organic revenue growth of 45%, including growth in excess of 100% in our US business, and material contributions from the two acquisitions made in H2 20 and H1 21
· A 78% increase in Adjusted EBITDA[1] compared to H1 20, totalling £8.1m, and maintaining our strong track record of profitability with an Adjusted EBITDA margin of 33.8%
· A 145% increase in profit before tax, totalling £6.4m (H1 20: £2.6m)
· Robust and healthy balance sheet with net cash of £21.1m and no debt[2]
· Strong pipeline for the remainder of the year leading to the second upgrade in board expectations for FY 21 of c.£47m-£50m of revenue with an Adjusted EBITDA[1] margin in the 30-32% range
Three experienced partners recently added to the US team. Note the phenomenal year quote from Elixirr's US team leader.
https://www.consulting.us/news/6059/elixirr-steps-up-growth-in-the-us-with-three-new-partners
Bought a few yesterday morning, with the intention of getting more if they fell back. Might have to wait (forever). Amazing that they can snap up businesses and their people for relative peanuts, considering how much they are likely to deliver.
Yes it is looking strong atm. Long may it continue.
large seller taken out. trading ahead of expectations. significant institutional demand. what's not to like.
spurt in SP and more interestingly, volume. Update due?
£10m profit and growing 25%++ per annum. On a conservative P/E of 15, gives a market cap of £150m. Suggests 30% share price upside, to reach fair value. At P/E of 20, upside of 75%. Definitely one to watch. £16m cash, debt free, growing fast
Elixirr International plc (AIM:ELIX), an established, global award-winning challenger consultancy, is pleased to announce the acquisition of the entire issued share capital of digital marketing firm Coast Digital Limited ("Coast Digital") for a maximum consideration of approximately £3.8 million plus an additional cash payment based on working capital at completion (the "Acquisition").
Highlights:
· Coast Digital is a UK-based digital marketing firm with 48 employees
· In the year ended 30 April 2020, Coast Digital recorded profit before tax of £0.85 million
· The Acquisition extends Elixirr's existing digital capabilities, enabling us to offer a full-service digital capability to our clients
· Coast Digital has an excellent reputation in the market - its clients rate it 26% higher than the competition and it has won numerous awards, including three awards in the Drum Recommends Digital Awards 2020
· First acquisition since IPO and fully in line with our 'House of Brands' strategy
· Immediately earnings enhancing
19 October 2020
ELIXIRR INTERNATIONAL PLC
("Elixirr", the "Company" or the "Group")
Trading Update
Elixirr International plc (AIM:ELIX), an established, global award-winning challenger consultancy, is pleased to provide an update on current trading.
Trading since 30 June 2020 has continued to be strong with the Group recording another record revenue month in September 2020, following previous record revenue months in June and July 2020.
As a result, Adjusted EBITDA for the year ending 31 December 2020 is now expected to be in excess of £9.25m on an IFRS 16 basis. On an IAS 17 basis, Adjusted EBITDA is expected to be in excess of £8.75m compared to a market expectation of £7.8m.
As at 30 September 2020, the Group had no debt with cash balances totalling £16.8m.
Direct quote from ex employee "Crushes true talent, rewards psychopaths. Beware FORCED 5 star reviews!"
A quick glance at Glassdoor will show that few survive the intensity and this that do are 'encouraged' to write 5 start reviews Not the recipe for a successful people based company
IPOs are seldom for the benefit of new shareholders. ELIX looks interesting after it's plunged 75%. Harsh? Tough times ahead.