Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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https://www.ft.com/content/b4081fe4-057e-11e7-ace0-1ce02ef0def9 Should be good for BLTG,DGB,ECSC and NCC
If you would like to hear management present the half year results for Blancco we will be hosting a webinar on Thursday 16th March at 5.30pm. Patrick Clawson, Chief Executive Officer, and Keith Butcher, Chief Financial Officer, will give a presentation lasting approximately 30 mins and there will then be an opportunity for Q&A. To join please register at: https://attendee.gotowebinar.com/register/4499460347271578881 If you would like to submit any questions for management ahead of the meeting please send them to ben.ferguson@equitydevelopment.co.uk Kind regards, The Equity Development Team
Nice summary of - and positive verdict on - BLTG from a couple of weeks ago on the respected Megabuyte site. : Extracts: Https://www.megabuyte.com/news/58a557c2e4b0141ab5f62fa8/blancco-hits-ground-running-2016 "Blancco hits the ground running in 2016 We initiate coverage on AIM-listed data erasure specialist Blancco Technology Group, following a busy 18 months of moving away from the old Regenersis mobile phone repair business and towards being a complete data erasure and diagnostics provider. The period was rich with corporate activity, and fiscal 2016 results detail 49% growth in revenues to £22.4m (35% organic) and 62% growth in EBITDA to £6.9m. The future looks positive as Live Environment Erasure (now called Active Erasure) and the US drive growth, while in a conversation with CFO Keith Butcher, it was made clear that GDPR regulation also poses opportunities for the business here in Europe..... ...The business as it stands today is a data erasure specialist, bringing in core technology and expertise from its current components, the Blancco, Tabernus and Safe IT erasure solutions and Xcaliber mobile diagnostics. The data erasure arm, the largest segment by far, develops software solutions to help customers securely wipe data from a range of devices as part of the IT Asset Management lifecycle on a Cloud-based or on-premise basis. It also provides an "active erasure" solution that is built into a customer's system, securely erasing files on an enterprise network, based on pre-configured business rules. The mobile diagnostics arm is still relatively nascent, but offers a does-what-it-says-on-the-tin range of products on an on-device or web portal basis. Based on our conversation with Butcher, it seems as though Blancco is one of very few players in the data erasure market with a product of scale and, with the acquisition of Tabernus, has given itself geographic scale ahead of its competition..... ....Megabuyte view Blancco seems like an interesting company that looks well positioned in a market with few players that have serious traction. It also has the geographic advantage, having acquired the most prominent player in the US, which will drive the majority of growth going forward. It is not an area we have covered in much detail in the past, but data erasure does have an almost universal reach across all verticals, with Blancco the dominant player. Mobile Diagnostics is less clear, given the large number of competitors in this area, but having already secured a sizeable contract in the US with a large-scale mobile operator, we look forward to seeing how Blancco differentiates itself in this particular market."
Actually, looks like the other way round on re-reading it. The quote at the end makes it somewhat of a pyrrhic victory.....if that. The good news I suppose is that at least it's out of the way now.
Looks like ITRenew's litigation was completely spurious and has been dismissed: Http://www.investegate.co.uk/blancco-tech-grp-plc--bltg-/rns/blancco-technology-group-files-stipulation-for-vol/201703020700082877Y/
It's not £29k he has left - but 29k of shares he has left. - Not up to speed with his tax position but it's flagged up on my broker's page as the sale being for tax reasons.
...to see Clawson selling 85K shares. I reckon 20k of that was to settle tax on options vesting, but the rest is an actual sale, and he only has £29k left. Not the type of confidence I expect from my CEOs!!
Stockdale Securities also had this to say last week whilst I was on hols: "Blancco Technology Group 296p; Mkt cap: £172m Blancco Technology is a software company focused on mobile device diagnostics and secure data erasure solutions. The company hosted a Capital Markets Day on 9 February, which was well attended by both the buy and sell side. Positive highlights included: (i) Blancco’s data erasure solutions, which accounted for 97% of FY 16 revenue (30 June YE), which we believe will continue to see strong demand driven by increased regulation and an increased awareness amongst corporates about end of life data permanent data erasure. (ii) The high barriers of entry both with regards to the core IP of Blancco’s data erasure solutions, which have been developed over the course of over a decade, combined with 18 governmental agency standards that Blancco’s has managed to get certified for, including the United States Department of Defense, which is the platinum standard of data erasure. (iii) The foray into indirect sales, which was launched in July 2016 to complement its existing sales channel, could be a game-changer for Blancco in the next 3-5 years. Tie-ups with large IT services’ businesses liked HP Enterprise and Wipro, along with Blancco coming pre-installed on devices by OEM’s like HP, Dell, EMC and Western Digital, could possibly dwarf revenue from the direct sales channel. Blancco’s IP rich data erasure software, with high barriers to entry, a large addressable market which will continue to grow due to regulation and increased number of devices, have led its share price to increase by almost 25% since the start of the year."
Interesting article including this section on how BLTG is an early stage growth company: Https://*********************/blogs/the-naked-fund-manager/anatomy-of-a-growth-company "Blancco is, by some margin, the market leader in data erasure services. It is 7x the size of its nearest competitor according to Equity Development and has been around and growing nicely for some years. However, there are long-awaited regulatory changes now just around the corner that should be a boon for the sector. The new EU data protection law is coming into effect in May 2018. Aside from the regulatory tailwind, the data erasure market is a growing and Blancco has grown revenues 50% pa over the last two years. To get comfortable with whether or not the shares offer an attractive opportunity, you need to build an impression of how big the market could get, and over what timescale. You will need to gauge competitive threats and barriers to entry to ascertain how wide Blancco’s moat is. Finally, this should allow you to build a picture of Blancco’s future earnings and therefore value. Based on the latest Trading Update and broker forecasts, 2016 revenues look like they will come in around £23m, 50% up on 2015. Brokers brave enough to forecast to 2020 are estimating growth to take revenues to over £50m which considering current organic growth and regulatory tailwinds doesn’t seem too far-fetched. Applying a 25% margin to this, and a reasonable multiple can easily get you to an attractive premium over the current market cap. These assumptions may well prove hopelessly wrong, to the good or bad, so that’s why you then need to build in a safety buffer. Whatever your view of the company, it, and the industry it leads, faces a fascinating 24 months."
£1.5m of shares traded today and up 17.5p - I think it's safe to say that the teach-in must have been pretty impressive :o)) A tweet from Equity Development this afternoon backs this up: 30m30 minutes ago More $BLTG @BlanccoTech up a further 3% to new high after impressive & well attended investor teach-in for analysts & investors at lunchtime.
Good to see BLTG spreading the word....hopefully this will attract more interest over the coming weeks: Http://www.investegate.co.uk/blancco-tech-grp-plc--bltg-/rns/investor-teach-in/201702090700093916W/ "INVESTOR TEACH-IN Blancco Technology Group Plc (AIM: BLTG, "Blancco"), a leading global provider of mobile device diagnostics and secure data erasure solutions, is today hosting an investor teach-in for analysts and investors in London. No new material information or update on trading will be provided. A copy of the presentation will be available to download from the Blancco Website at www.blancco.com/investors/investor-center later today."
New report from BLTG's CTO Richard Stiennon on the limitations of data encryption and the likelihood of data breaches: Https://www.enterprisetimes.co.uk/2017/01/31/blancco-slams-ssd-security-management/ "Conclusion The problem with disposal of data on disk is not new. In many ways this report by Blancco just reiterates what has been a problem for decades. The only real way to ensure complete disk destruction is to chop it up with an angle grinder. For the absolutely paranoid the pieces of platter can be put into an acid bath to complete erase them. Given current Health and Safety rules in the workplace this isn’t going to happen anytime soon or ever. The key message here from Stiennon is that enterprises must have effective disk disposal and destruction processes. There is nothing to prevent the use of ITAD vendors but only if they meet strict standards. Even then there is a need to verify and prove that they are adhering to those standards. There is a bigger issue here. Stiennon is talking about the corporate market but the rise of Bring Your Own Device (BYOD) opens up a wider threat. End users upgrade their hard disks and then throw the old ones away. Even if they hand them to their local computer recycling plant there is no evidence they will be properly wiped. With many of those disks containing corporate data, breaches are happening that are outside of the IT departments control. This cuts no ice with the regulator. Stiennon and the report avoided saying it but it’s time for companies to offer a disk recycling service to their own staff."
...which is great! Trouble, is I can't help thinking about NCC which was flying - but one profit warning later and it's down more than 50%! Might be time to take a few profits..?
Ha, fair enough mate. Nice one regarding Gaw! Low rating and nice yield (not like HCM at all!) - probably worth a lookl....!!
Peel Hunt say Buy and have a 340p target: Https://www.mareainformativa.com/blancco-technology-group-plc-rgs-stock-rating-reaffirmed-by-peel-hunt/98652/ And Panmure Gordon also say Buy with a 326p target: Http://dailyquint.com/2017-01-24-panmure-gordon-reiterates-buy-rating-for-blancco-technology-group-plc-bltg/
Matt, yes you were right. Looks good but more than happy with where I put the proceeds, which was Gaw.
Great close on Friday - new highs and a series of Buy trades at 245p during the afternoon. Hopefully set fair for more this week.
Equity Development have lifted their target price to 275p (from 255p). Hopefully this direct link to their new report will work: Https://www.equitydevelopment.co.uk/edreader/?d=%3D%3DQM1IjM
Peel Hunt reiterate their Buy and 326p target today.
Trading update today - results to be ahead of expectations and H1 trading strongly ahead :o)) Clever of them to say "modestly" ahead at this stage as there's still some time to go to the year end, as this gives them leeway to further upgrade assuming the strong trading continues to 30th June - which they hint that it will given their confidence going forward: Http://www.investegate.co.uk/blancco-tech-grp-plc--bltg-/rns/trading-update-and-notice-of-results/201701180700114123U/
Good to see BLTG filing for two more secure data erasure patents: Http://www.investegate.co.uk/blancco-tech-grp-plc--bltg-/rns/filing-of-two-new-data-erasure-patents/201701100700107326T/ The IP is what really gives BLTG core value and will contribute to BLTG being acquired in the fullness of time imo.
Agreed. Miti, you've sold a bit early on this one I think...;-)
Very encouraging to see the CFO make his maiden share purchase, buying a whopping £51,000 at 225p: Http://www.investegate.co.uk/blancco-tech-grp-plc--bltg-/rns/director-pdmr-shareholding/201701040700212300T/
Cantor Fitzgerald today initiated coverage with a Buy and 270p target....
Jolly good timing m/100. It just about crossed over and became oversold the day before you sold and is flirting just on the border of that area now. So a retrace of some sort is on the cards, imminently.