RE: Retail Presentation10 Jun 2023 17:03
I think the CMD is a real statement of intent, the research and subsequent document created with a leading consultancy taking 3 months IMO costing 6 figures plus, has IMO led to a clear and detailed plan going forward, the document starts with the usual disclaimers about not being independently verified, again IMO the use of these type of consultants goes a long way to negating that disclaimer.
When i read a comment about BVC selling two businesses that bring in 80 million of revenue , my mind went to Marconi, but it seems he company is changing focus to the innovative and high margin areas part of which already do a considerable amount of business.
The strategy is bold and of course is high risk, however the level of expertise , the IP and the seeming high capability of the teams says to me that the leadership of the company think this is the time to go for the change.
Personally whilst i am new to the company and trying hard to raise my understanding of the products, the RNS on Monday
gives me huge comfort around Edgility, back in the day i worked in Local government in a fairly big metropolitan borough, the resistance to change and risk averseness was very significant, and whilst that may have changed a lot as it was some time ago, the company i subsequently worked for gave up pitching for central and local government work because the tendering process was and is extremely lengthy and expensive.
So Mondays RNS about BVC supplying a major provider to a top state would in my mind go something like this. The supplier tests and works with BVC and the IT staff that work for the State, they then have to make a decision about how high up the food chain in the workings of the state do they need to go to get approval for the change to bring on board Edgility,
I think it will have gone high up that food chain and would have involved the political part of the administration, after all if it goes well or not so well, they will want to share out the glory or brickbats. So to me thats good thing full scrutiny and testing ending in a 5 year contract is excellent.
I have also found the share trading interesting the last few weeks or so, there were a few days where the bid was rock solid at 23.5 and there were high volumes around that price, it seemed fairly clear to me that someone was buying off the bid and someone was happy to oblige and load it up, one day i am sure i saw a late trade printed of a million or so shares.
From the 23rd of May until the 6th of June I bought 8 tranches ( small) between 22.9 and 24.6, until the day after the II CMD , that changed, volume dropped off the price required to buy went higher, and I could get quotes to sell 20 or 50 thousand shares at above the prevailing bid.
I personally think that the trading i have encountered shows that the CMD has gone down well, and i am very hopeful that we see some new coverage and perhaps some new Buyers.
Just a few musings from a newbie
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