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Ok, thanks goldust. Shame it isn't something a bit more fundamental, but I'll take it!!
Tipped in Sharewatch as main feature
..and still she rises on no news that I can see. Any thoughts anyone?
....over the last couple of days. Anyone heard any specific news? I can't find any.
I couldn't understand th high price on this deal well above market price?
Anyone going to this?
If you would like to hear Matthew Peacock, Executive Chairman, Jog Dhody, Chief Finance Officer and Patrick Clawson, CEO of Digital Security Software, present the interim results for Regenersis and have the opportunity to ask them questions please register here: https://attendee.gotowebinar.com/register/5294854746979061763 The webinar will be at 4.45pm on the 10th of March. If you have any questions for management ahead of the webinar please email: ben.ferguson@equitydevelopment.co.uk Thanks, The Equity Development team
Good to see the director buying on Friday - particularly at 213p :o)) http://www.investegate.co.uk/regenersis-plc--rgs-/rns/director-pdmr-shareholding/201602051717502995O/ Very keen.
Nice - new 320p target price, up from 270p.... "Panmure Lifts Target Price on Regenersis 1034 GMT Panmure Gordon raises its target price on Regenersis to 320p from 270p after the software company agreed to sell its Repair Services Business to CTDI Repair Services for EUR103.5 million. The brokerage says this values the assets towards the top end of the expected valuation range. Has a buy rating. Shares +8% at 208.5p."
....and the stock was hugely overvalued prior to buying Blancco back in 2014 given what they just sold the rest of the business for...?
I suppose the only question mark is whether the sale of a business generating sales of £185m for £80m is a bit cheap...?
Brilliant news - that's around £80m for the sale, when from memory the top estimates were £70m-£75m. Plus the Digital Care business is to be sold too, so more to come. No wonder the market's pleased. Blancco is a great business and should attract a premium/high rating as the sole remaining division.
So, what I hadn't quite appreciated was how much of the business had been sold ie the whole of depot solutions AND Advanced solutions so leaving just the software - sales of £15mn, but tripled in size last year with very healthy margins and cash flow. Let's assume that growth slows this year down to 100%, so sales are £30m. I think a price to sales of about 5x for a business like this, would be fair, ie £150m. Add back the £50m we're getting paid back, then you get to a price target today of 260p. So, that's my thoughts, anyone else? Come on Rivaldo, where are you?
So, sale of aftermarket arm for about half the firm's mkt cap, and a return to shareholders of on-third of mkt cap. This leaves a vibrant and growing software business - fantastic deal, and I think the share price has a way to run yet. More than a relief bounce now I'd say JS....?;)
I didn't, no - I think this one's got legs - time will tell.
A few big buys of 50,000 and 100,000 going through this pm at 180p, someone putting some money in here! Rich
quite right, Matt ..well done on relief bounce (did you sell a few)?
Nice article from the Private Punter: http://www.cambridge-news.co.uk/Regenersis-exciting-potential-Private-Punter/story-28519145-detail/story.html "Regenersis has exciting potential - Private Punter By Cambridge News | Posted: January 13, 2016 Once again there is plenty of news about this morning, but I will restrict myself to just one subject. Regenersis, a company focused on aftermarket services and support to major international clients across the telecommunication, mobile and device markets. Operationally, it serves the likes of well known names such as Samsung and Apple amongst others, providing services across the testing of devices along with the repairing and servicing. While it may not sound particularly exciting or inspiring and may even suggest that contracted work is very low margin the company has nevertheless performed well over recent years. That is, despite delivering some shock news to the market and investors alike over the last year, which saw the shares hit heavily, falling from a high in 2014 of £3.55p, to a 2015 low of £1.35p. Having firstly announced an untimely profit warning, this was subsequently followed up by news that its depot solutions business was set to lose a significant chunk of its business after a major client had informed the company that it was consolidating its business with another supplier. Thankfully for Regenersis shareholders the picture and outlook appears to have got back on track, the company issuing an inline with expectations Trading Update this morning, which sees the shares lifted 6p higher at £1.82p. With what are effectively two divisions, namely software and advanced solutions, the company has revealed that the former is currently enjoying good momentum as it continues to expand rapidly. That would appear to bode well for Regenersis where a full year sales growth of near 45% should be achieved. Part of the divisions offering which is driving momentum is the ability to sell an increasing level of environment erasure services, which are conducted by the likes of Finish based subsidiary Blancco which was acquired back in 2014. That is proving to be a decent addition which with the service moving into cloud erasure data which provides a pricing structure driven by volume as opposed to the old pay per click, there should be potential for growth in order size. The after market business is also delivering what is deemed better than forecast top-line numbers, while digital care focused around smartphone protection is gaining traction by signing up new clients, with contract numbers jumping from 0.7m to 1.1m in the six months to December. That sounds pretty positive, the company operating in a massive space and seemingly well placed to continue expanding and drive forward a progressive dividend policy. A significant partnership with Liberty Global which claims to be the largest International cable company also sees Regenersis
Yep, all moving in the right direction Riv!
Http://www.investegate.co.uk/regenersis-plc--rgs-/rns/trading-update-and-notice-of-results/201601130700056470L/ - stronger than last year, and in line with expectations of 16p EPS this year (with a 5.36p dividend) - the key Software division firing on all cylinders - several offers received for Aftermarket division
RNS - good news, with Fidelity buying and going above 5% with 6.45m shares: Http://www.investegate.co.uk/regenersis-plc--rgs-/rns/holding-s--in-company/201511300800022874H/
Brief update today confirming that trading is nicely in line with expectations and strategic review is on course - good stuff: Http://www.investegate.co.uk/regenersis-plc--rgs-/rns/agm-statement/201511250700058317G/ No doubt more news on the review to come.
....yet here we are now back in the 170s!! Anyone any ideas for the fall?
No probs albion, glad to help. Agreed - I have to say, the long-term outlook looks extremely positive, but always the potential for some short to medium term disruption. If you're a newish investor, and you're happy to live through some volatility, I think this is a good share to have picked.
Matt: Post 353. Thanks for the explanation. I'm not really that clued up on the share trades bulletin board to be honest. When you see a trade sale of 1 million it kind of stands out. Lets hope the potential for the erasure business really takes off.