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SSIT holding Spire Global(SPIR) closed with a rather healthy 27.36% gain on tonight's NYSE and has continued north after hours.
This is on the back of a strategic $10m investment into SPIR from Signal Ocean to drive Digitalisation of the Maritime Economy
https://ir.spire.com/news-events/press-releases/detail/211/spire-global-and-signal-ocean-collaborate-to-drive
Should provide SSIT with a fill up to NAV
As always DYOR
SP showing 9 tick ups so far today after £15m fund raise.
Coffee Can share for sure.
The £2.20 target price that analysts at Canaccord Genuity put on the sp back on 21st March is on the horizon after this oversubscribed cash raise @ £1.65.
A "Coffee Can" share for sure.
Looking like Primary Bid offer will close early.
Good sign IMO
Canaccord increasing their holding by another 3% on 24th March
Coffee Can share indeed.
I imagine Paul Scott at Stockopedia has the same "Coffee Can" sentiment.
"another very encouraging contract win. It’s becoming increasingly obvious that BKS has passed a tipping point, where its cloud-based connection services for financial markets are being more rapidly taken up by big clients, globally.
Therefore an exciting future is on the horizon, as those recurring revenues build.
I reviewed Beeks interim results earlier this week. Although the numbers at this stage are barely above breakeven, that’s missing the point. It’s the very rapid organic growth, of recurring revenues, which is laying the groundwork for a much bigger, and potentially highly profitable company in future.
This is generally a bad time to be investing in growth companies, so there is that strong market headwind, but when growth is this strong, with big contracts rolling in faster than ever before, it’s time to sit up and take notice.
For that reason, and despite it being difficult to value, BKS is fast becoming a high, maybe even highest, conviction holding for me. I need to just ignore market sentiment, and buy more (as a long-term hold).
I think this is probably the best reasonably-priced, high organic growth company on the UK market right now"
Coffee Can share for sure
Analysts at Canaccord Genuity nudged up their target price on software and services firm Beeks Financial Cloud from 210.0p to 220.0p on Monday after the group reported interim sales that beat expectations.
Canaccord Genuity, which reiterated its 'buy' rating on the stock, said Beeks' first-half sales were stronger than it had expected, while adjusted underlying earnings were in line.
The Canadian bank stated Beeks' outlook statement was positive and that it had upgraded full-year 2022-23 sales estimates in February after its first three Prox Cloud contracts were announced.
"With the new Prox Cloud offering gaining traction, combined with the underlying increase in Private Cloud offering uptake from tier 1 clients, we feel confident that sales growth can exceed 35% FY21/24 and margins increase from FY22est by c100bps pa in FY23 and again in FY24," said Canaccord. "We further increase our sales forecasts for FY22/23 with no change to adj EBIT and introduce FY24."
300k+ shares bought today with Interims to 31 Dec out on Monday 21st March and Investor Presentation on 24th March
https://www.investormeetcompany.com/beeks-financial-cloud-group-plc/register-investor.
Should be very interesting.
Good news just keeps on flowing with BKS
In normal markets this would be trading north of £2
Coffee Can share for sure!!
Paul Scott on Stockopedia today - “another contract win. This niche IT services company seems to be making excellent progress. It's won a £2.5m, 3 year contract extension with an existing client, to go into a new territory. Hence a record quarter for contract signings. When you look at the potential size of its markets, globally, this company could be a multibagger I reckon. BUT, it has to be seen as high risk, due to the market cap already looking expensive - worth it, for the growth potential, in my opinion”
More good news for Beeks in the niche market they are working in.
A stock to "buy and forget"
Fantastic TU and Contract win in a niche market.
Definitely a "Coffee Tin" share.
Updated today by IC’s ST and states now firmly in bargain basement territory.
Advises a “Recovery buy”
Https://find-and-update.company-information.service.gov.uk/company/06214926/filing-history/MzMyMDE3MzU3OWFkaXF6a2N4/document?format=pdf&download=0
"During the year..... The highest paid director received remuneration of £554,317 (2020 - £432,118)"
Nothing but Modern Day Outlaws
"During the year..... The highest paid director received remuneration of £554,317 (2020 - £432,118)"
Nothing but Modern Day Outlaws
27th October:
Order on Motion to Adjourn Conference Wed 10/27 1:52 PM
Letter Motion to Adjourn Conference.
The request is granted.
The conference is adjourned from November 4, 2021 to September 9, 2022 at 10:00 a.m.
So “off the hook” until Sept 2022
19th October:
MOTION TO DISMISS FOR INSUFFICIENT SERVICE OF PROCESS is denied.
The Initial Case Management Conference shall be held November 4, 2021, 10:30 am, Courtroom 14D.