Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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Even a tiny amount, looks to tick up.
Are you ever optimistic
Spot on call on this.
Over reaction? Not so sure.
There must be going concern issues here now.
Now they say 2nd half (60%) weighting in terms of revenue. There costs are running way ahead of estimates, hence profits warning. They haven't been generating enough case to sustain the business, hence they keep running back to Beachpoint for financing at 10% plus.
Debt will now stand in advance of 15million (if Beachpoint oblige).
This all looks to have forced their hand in the relocation / restructure to setup dev/support shop in Costa Rica to cut costs. This is a major change which would take time to bed down - may results in delayed mandates / revenue for 2022
The looks increasing like this goes bust and Beachpoint pick up all the pieces.
A rather slight over reaction here. Should gap back up to 30 soon
Gap up to 34.50p now in play and....
N-T to buy any at 16p !!
28-Sep-22 08:10:40 12.00 100,000 Unknown* 11.00 14.00 12.00k
Delayed sell from 0pen........
“…In order to ensure that the Company is in a financial position to continue with its growth and restructuring initiatives and given it expects significant client payments to be received by the end of the financial year, it is in advanced negotiations regarding a EUR1.5m short-term working capital facility with its current lender Beach Point Capital. Beach Point Capital continues to be very supportive of the company and its strategy
”
First thing Glantus said they'd do after IPO was to refinance expensive Beachpoint debt to normal bank debt. They didn't.
Instead borrowed another €5m from Beachpoint in July 2021.
They've now refinanced debt rate to 10%. With Beachpoint!
In addition added another €2m of debt to the vast pile. Clearly no bank would touch them, I'd imagine looking at the recent shareprice they've been trying to get a placing away also.
Debt will overtake market cap soon. IPO profit forecasts have been slashed from €3m to zero for 2022.
No wonder the share price is where it is. The balance sheet is an absolute disaster. If they're cashflow negative this year then very real chance the share will be a zero within a year.
Dear all,
Please find the latest interview with Maurice Healy as he puts the 2021 Full Year Results in context. Please view here: https://youtu.be/rV-H-6Z2dRo
https://www.londonstockexchange.com/news-article/GLAN/year-end-results/15473375
Maurice Healy, CEO, commented:
"I am delighted to present Glantus' maiden full year results for the year ended 31 December 2021. It has been an exceptional year for the Group, in which we accomplished the performance goals we committed to at IPO and made successful acquisitions in the US and UK.
Glantus operates in the expanding Accounts Payable market. Having developed a unique range of products and services, we are poised to become the dominant SaaS player in this sector. The combination of our strong business fundamentals, cutting edge technology, exceptional leadership team and targeted strategic acquisitions heralds a strong future for our Group".
Developing the business nicely? You might have asked (in fact I would have expected you to ask) Mr Healy for his thoughts on shareholders who have held this share for the best part of a year and who are now nursing thumping captal losses of over 40%. This of course in the time "your words" in which the business is developing nicely. Painful to say this least. If this is the result of developing the business nicely, I'm not so sure as I want to be around for any rocky times.
Dear all,
It is always a real pleasure to speak to Maurice Healy, CEO at Glantus Holdings. He has such a good grasp of the business fundamentals and is developing the business nicely after the AIM launch last May. To see Maurice present and take questions, view here: https://youtu.be/SI8IGGsWiwE
Watch his presentation here- https://www.lse.co.uk/events/
Dear all, we are delighted to welcome Maurice Healy, CEO at Glantus Holdings, the global accounts payable tech business to our live webinar next Tuesday. Maurice is a great speaker and has successfully developed the Glantus business globally since it floated on AIM last year. https://us02web.zoom.us/webinar/register/5416504620611/WN_3rLdEw2tQWewuntgo1U_Kg
Dear all, please find a link to the video interview recorded this morning with Maurice Healy, the CEO at Glantus Holdings. As the recent Arden Partners research note says, Glantus is poised for growth in 2022, and Maurice gives a measured, realistic yet confident assessment of the automated accounts payable business as it delivers on it's growth strategy. See the full video interview here: https://youtu.be/ox_-UovQqII
Glantus’ new Global Partner Program enables Partners to empower their customers to transform and automate their AP ecosystem.
Glantus announces a new Global Partner Program (“Program”) to provide their strategic partners and their respective clients access to relevant deep data insights, resources, and support which will help transform procure to pay (P2P) ecosystems, transactions, and financial processes.
The Program is designed to enable partners accelerate their ability to offer cost recovery, process discovery and accounts payable (AP) automation, using Glantus’ Platform technology.
By establishing a global partner community, Glantus is enabling partners to deliver a range of services and solutions that enhance incumbent systems used by customers and affiliates.
Andrew Frazer, EVP of Global Partnerships at Glantus said:
“Glantus understands our customers and their rising expectations within the AP function in areas such as cost recovery, vendor management, and automation. Therefore, our Global Partner Program is designed to deliver partners’ and customers’ requirements to scale faster than their competition.”
Glantus enhances the automation of accounts payable using data-driven solutions to allow CFOs and leaders to focus on key objectives such as risk, compliance, and funding.
https://www.londonstockexchange.com/news-article/GLAN/launch-of-new-global-partnership-program/15247165
Dear all, we have just caught up with Maurice Healy, CEO at Glantus Holdings. He is very pleased with progress since the IPO and has acquired and is busy integrating two new businesses, TIC in Boston bought for US$9M and Miridian Cost Benefit just acquired for £3M. This is an in depth interview with a focus on strategy and financials. Please view here: https://youtu.be/5wy18_tULEY
LSE TV CEO Interview https://youtu.be/5wy18_tULEY