The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I think this is only the beginning of the rise from an unecessary fall back after the share buyback. Their software is going to gain a huge market in the data erasure field, would not be suprise in seeing growth of 30%+ for a number of years.
Nice..... Http://www.com-unik.info/blancco-technology-group-plcs-bltg-buy-rating-reiterated-at-panmure-gordon/ Good news all round with the trading momentum continuing, excellent new appointments and confidence going forward given the recurring revenues etc.
Market and revenue growth certainly still coming through - question now is whether they can convert that into cash flow generation, and stellar earnings growth! Story remains intact for now though.
Sure, but he's a turnaround specialist, not a long-term 'grower' of a business. With the purchase of Blancco, followed by the sale of the depot business his job is effectively done, and I would expect him to exit stage left pretty soon. Clawson, Dhody, and the new chap, Stiennon are the key men now. Any tech/software company is risky of course as new competitors can always enter in this space. What I am confident of is the space itself, data cleansing/deletion, which I think has a decade of double digit annual expansion ahead of it!
A really impressive new appointment at BLTG: Http://www.theoaklandpress.com/business/20160708/richard-stiennon-named-chief-strategy-officer-at-blancco-technology-group "Richard Stiennon named chief strategy officer at Blancco Technology Group Posted: 07/08/16, 11:09 AM EDT | Updated: 2 days ago Richard Stiennon, renown IT security veteran, was appointed Chief Strategy Officer by Blancco Technology Group. In this newly created role, Stiennon will be responsible for leading the company’s overall corporate strategy, product positioning, public affairs and industry partnerships. He will be based in Birmingham and report directly to Pat Clawson, CEO. Stiennon previously served as chief research analyst at IT-Harvest. Before that, he served as vice president of research at Gartner Inc. from 2000 to 2004. He was profiled in Network World’s list of “The 50 Most Powerful People in Networking,” for his analysis of data security trends. Also, he has written three books on cyber war and its impact on businesses."
out of this so not following..peacock played a blinder to bail at such a high sp, no? ...i would have shorted when i saw he/hanover sold out (pretty much) at tender...excellent way to exit, Mr P, but sign of confidence in business???????? ..dyor, all
http://www.blancco.com/investors/videos/blancco-teach-in-2015/ Worth a listen.
Understand your view Long - it's certainly less diversified than it was. If the business model and product is right, then this is exactly where you want to be. If not, well, hang onto your hat!! I'm pretty confident though....There's an excellent video somewhere which talks you through the data erasure business, and I remember being extremely impressed.
Just Brexit nerves I guess. The Institutions and retail fund industry have a lot to answer for. I hope your (and the intitutions') analysis of the business model is correct. I would feel happier with a more broadly based model, and may take some profits when the sp recovers.
...but the stock continues to slip away, admittedly on extremely low volumes. May well take the next set of figures to get this moving again!
Free programs like privazer are fine for the likes of you and me, ie individual consumers, but not appropriate for the institutional market who need to be absolutely sure that things can never be recovered, or be sued for data confidentiality issues. Blancco serves corporate clients' IT depts, and with the ever increasing amount of data stored electronically, combined with the high rate of IT equipment obsolescence, I feel that market growth is assured.
Matt, I agree, but when we just use a specialist free program like Privazer to delete data which can be done by their Corporate IT Data departments, why do they need Blancco to do it? I guess I may be retired too long to understand modern corporate processes, but deletion of data appears to be a simple process without too many barriers for entry.
True, although just think about all those Companies and their myriad of devices which will need this in future - a very clear growth market in my opinion, and these guys are one of the world's leaders!!
I topped up this morning after yesterday's unexpected fall. I see Jog Dhody, Blancco's Chief Financial Officer also topped up today by buying 15,000 more shares as did Hanover Investors who bought another 100,000. dyor
Ahhh - thanks. Lets hope all their confidence is not misplaced. Deleting data seems rather a narrow field open to others. I will be looking for further diversification.
Exactly HS.
Because of the cancellation of shares, the institutions' % holdings of shares all increased automatically as they still held the same number of shares in a smaller pot of shares. Therefore all the RNS notifications of increased % holdings.
Hi Matt, Thanks, I misunderstood. Looking at the Company announcements I thought all those institutions (M&G etc) had bought shares. e.g the "Notification of Major Interest in Shares" form seems to indicate that NFU Mutual cross the threshold >3% of shares. Not clear to me then whether it is buy or sell . Perhaps one needs to get more used to looking at those forms which seem obscure to say the least .
Hi Long, thanks for your post - I guess we'll find out soon enough! One small point - institutions didn't actually buy at 240p - these shares were actually bought back by the Company using proceeds from the sale of the Repair Services business. These shares were then cancelled.
Am a longterm holder of RGS and I was concerned also. No news announcements but a big drop, more than can be explained by ex-div.. Someone may know something we dont.! The institutions who paid 2.40 cant be very happy. Lets hope this does not end badly.
Crikey - really is moving down, but volumes are nothing special. I have limit order in now below 210p with a view to adding to my position in this quality growth company. Hopefully I'll pick up a few this afternoon! If anyone knows what's causing the weakness, it'd be good to hear! Thanks is advance.
..admittedly on low volume. Can't see any particular news though...?
Welcome back to the Blancco/RGS Board Riv. Wondered where you'd got to!
A date for your diary - Equity Development have arranged a presention by BLTG (and by KWS, which I also own) on 28th June: Https://www.eventbrite.co.uk/e/equity-development-investor-forum-june-2016-tickets-25576342529?ref=ebtn
So the price for the tender was set at 240p. I'm struggling a bit to see why the stock price has now fallen back to 213p. Aside from this making this (now) go-go growth stock appear cheap, I would have thought that those who sold in the tender offer might now want to buy back in 12% lower down!! Oh well......