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Thanks for your comments. It's great that there is someone out there prepared to put their views forward in this site.

I'm thinking they are trading inline with rebased expectations not pre downgrade expectations. But good news is they have completely shat themselves in the December year which AIM companies have a habit of doing post first downgrade.

Seems pretty aggressive selling but can't see any releases ???

How much should we expect?

Nice to see some positive discussion from existing or prospective Brady share market investors. The last post on Brady was just annoying. Well done on missing something that fell but I'm betting fortune is not favouring the brave in those muppet investors. I'm also betting/hoping buying sub 40p will prove a good move.

Just read the December 2015 update. Pleased I don't own this puppy. Extended strategic processes aka attempts at selling company typically end in tears which are compounded by depressed earnings as company employees take their eye off the ball.

Quite a compelling article in my opinion. I had hoped this was not another Globo but if this article is proven to be factually correct the lowly regulated AIM market is now being targeted by scammers.

Excluding acquisitions company has generated free cashflow in 3 from last 4 years. Software at 1 times revenues in what has been a 20% EBITDA margin business is typically a BUY signal albeit the heavy commodities/metals sector exposure is less desirable. The company has the ability to bunker down as highlighted by the 1.7 million taken out of costs as well as the 15 million recurring revenues. As a back up much of the global industry in energy/commodities trading systems is in private equity hands so a languishing share price may be met by a takeover attempt.

Plumbing 5 year lows. Must be bad. Have a buy order in market at 40p. 1 times EV / Sales and 2 times recurring revenue is good enogh for me. Downside is some of their key vertical markes at under massive structural pressure but so are competitors.

Its a nasty trading update. I'm not sure what revenues and EBITDA for the financial year ended 31 December 2015 being materially below market expectations, actually means but its not good at all leaving this hanging. On the 17 Sep 2015, Broker Edison were looking for 33.26 revenue and 6.2 EBITDA in the 2015 year. Using their estimates of revenue and their definition of EBITDA (consistent treatment of software capitalisation) they believed 1st half 2015 revenue and EBITDA was 15.6 and 0.765 million implying a second half revenues and EBITDA of 17.6 and 5.43 million respectively. I'm totally guessing we are short 2 or 4 million on the revenue front, which will drop straight through to EBITDA which could be 2.2 to 4.2 for the 2015 year. For me the 3 times recurring revenues in interesting which is a 56p share price.

Share price has been a house of cards rather Globo like unfortunately. I wonder if some investors have been spooked by what happened with Globo and are selling first and asking questions latter. If this is a real business it's probably a buying opportunity . Personally I've never been a big fan of Internet nor mobile marketing type companies as the have a profitable business franchise one minute and the next its gone. Hopefully for all the investors in this name it's just a moment of panic which ultimately is proven to be a buying opportunity.

Quite allot happening under the hood here with the company capitalising some of its software development while amortising non cash items . Free cashflow generation not that exciting ? Any opinion on the result?

Wow this tip sheet has has quite an impact on price today. Does this tip sheet have a big following?

The numbers released look ok but on the whole underwhelming. I was hoping to see some better free cashflow generation but the investment thematics remain favourable with the introduction of BIM in the UK in 2016. The company's domain expertise around visualisation and estimation and project management software should keep them in the forefront of this structural change occurring in construction.

seemed to recover with a larger sell trade latter in day.

Sounds like Asta offsetting weakness in Sweden. Also not too worried !

Statpro has been generating free cashflow yet has recently taken out a large debt facility . Is the company expecting to soon be cashflow negative or are acquisitions on the horizon ?

Recurring revenue figure at 21M USD is short of my expectations of $22M. The euro fell 10% against the USD reporting currency over the last 6 months, and with $6.8 million generated from European countries and $7 million in rest work world (noting recurring make up over 2/3 of revenues) then currency could explain most of this shortfall. The cash balance falling is not the best but atleast the order-book at $41.4M or +15% shows the company is growing.

Does anyone have any insight into the likelihood of this puppy being sold. Seems some people have a view ?

Company make the following statement. "The Company has made a positive start to the new financial year with trading in the first three months ahead of the same time last year. As announced on 21 May 2015 the Board is in the process of seeking to appoint a new Chief Executive and expects to be able to announce further details of this appointment within the next few weeks. The Board look forward to the future with increasing confidence."