Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Three large contracts in three weeks is really encouraging. No coincidence that these happen to coincide with the Riverside Way move. They have more room to work in now. Presumably these contracts will require assembly work and testing before being shipped out for installation.
The partner could well be, not definitely, IPC. As Beeks have a number of existing contracts through them. Handy though, as this new contract indicates that the sales force for Proximity Cloud is not solely restricted to Beeks own staff.
With regard to the share price, agree pre-Sept 21, the recent news would be driving it well over £2. AIM indices are down over 20% since then. Today the market maker has had a decent volume of buys but has parked the price at 165p to buy. Thoughts of what Russia might do next, probably making that easy. Just need to be patient. A couple more of these contracts by September, would get the sp moving, regardless of the market, in calculation of forward earnings for 2023. An influential tip would do it earlier but not required for long-term holders.
Through a partner for a North American bank.
https://www.lse.co.uk/rns/BKS/2-million-proximity-cloud-win-mm2ux8nep0nm9kc.html
For me the best part of the rns is what Beeks CEO Gordon McArthur said:
" I am confident the investment we are making in additional features to Proximity Cloud, will see our pipeline continue to increase."
This means Beeks will be avoiding sitting back, thinking the job is done and customers will be forever knocking at their door. They realise that investing in their competitive offering is the best way to keep it competitive. Good news is always welcome on a rocky period for the markets. Thank you all at Beeks.
HTF- I think this article on a call for regulation of ESG ratings, is the specific reason for the fall today
https://uk.finance.yahoo.com/news/financial-think-tank-calls-regulated-140822673.html
HTF - apologies if appearing flippant, not my intention. I just feel that any person who watches a presentation, should do so with an open mind.
www.investormeetcompany.com register with them. Then do a company search to find any recordings available for INSG . Easy to use and also does give a valuable insight into the competency of the people running a company.
With regard to my assessment of the software involved, that is my personal opinion. You are free to be impressed or not.
Have this share on watch. Wasn't too impressed with the software on the presentation I watched. Now my involvement is fed by curiosity.
With regard to the trades you mention, have aligned with the market prices at the time of execution and believe that they are in fact sells.
New reality, Inflation is depressing valuations and Covid was still interfering with business at the end. Growths numbers look down to between 12-15%. Still making a profit, plenty of cash. If inflation persists could take three years to get back to last years highs unless growth picks up above 20% plus. Though looking less likely as interest rates start to move up. Will be opportunities to acquire other businesses with depressed valuations and there is the dividend. Had my investment been at £20 plus would have sold all by now. As it is will hold, review the results and any outlook statement. Am thinking of my holding as a three year investment from now. Better prospects than many stocks out there.
A steady rise throughout the year will do. That means seeing sustainable growth. For me 100p is not a target, but a stop on the way up. No timetable, no short-term expectations, some retracement and no panic. Assuming the Ukraine situation settles, Nordstream 2 comes online, falling gas prices, inflation pressures easing, less political panic, 2022 could be a decent year to do business.
Definitely a good sign that a large shareholder, probably needing to realise some profit, has been able to smoothly handover, a large chunk of shares to another investor. As you say SNN, holding news awaited, though we could be getting a new investor.
Yesterday's news was massive, putting Equals on the same level as the banks with regard to GBP/Euro transactions. Their current and prospective customers will like it, therefore expect it to boost the growth this year. PIs should be buying now.
Am surprised that ARB has not gone up today on the back of this news. Why not?
“We are mindful that some blockchains require an enormous amount of computing power, which unfortunately translates to an immense amount of energy. Our customers are asking for scalable and sustainable solutions, which is why we are focusing our efforts on realizing the full potential of blockchain by developing the most energy-efficient computing technologies at scale,” senior vice president Raja M. Koduri wrote.
Mr Koduri also said that two companies – Argo Blockchain and Block, Jack Dorsey’s finance company previously known as Square – are its first customers for this piece of technology.
https://uk.finance.yahoo.com/news/intel-designs-crypto-mining-chip-135024182.html
GBG have had a good run. Expanding by buying smaller companies, paying off debt quickly. What they failed to do is invest sufficiently in their own product development. The market for identity verification and preventing online fraud has grown significantly but they are losing market share to other companies, such as Onfido and IDNow. Hence the need for the Acuant acquisition. The price paid is likely to have been too much. Fortunately they part paid in shares at a valuation of 725p per share, which at today's sp at just over £6, looks good.
I had been offloading some before the takeover, and did buy some back around the 725p mark but the majority of my current holding, bought under 23p is in paper, deliberately to avoid any panic selling. Not going to sell any more but will look at all updates up to the AGM and Full Year results in June. In order to ascertain the impact of the Acuant takeover going forward. My biggest hope is that management will learn their lesson with regard to spending on R&D. If the Acuant products are boosting revenues they should be ensuring that investment for upgrades and staff retention is made available.
I feel sorry for holders @ over £8. You need to make your own decisions but think End-July will give us a good indication of where GBG are headed.
Last year's Interim Results came out on March 8. Therefore don't think we will have to wait long for a further update. Also quite likely to be an Investor Presentation. What we do know is that the company has a growing record pipeline. Gordon McArthur says "we are confident in continued growth". Hopefully we will have the chance to learn of Beeks' expansion plans, now that the move to larger premises has taken place.
Good news such as this, deserves to have its own headlines:
08 February 2022 - Beeks Financial Cloud Group Plc (AIM: BKS), a cloud computing and connectivity provider for financial markets, is pleased to announce the signing of a £2.5 million contract extension over three years with an existing Tier 1 customer. The contract is for the provision of private cloud services into an additional geography.
This follows the announcement last week of a $2.2m contract for the Group's Proximity Cloud, bringing the Total Contract Value of deals signed in the current quarter to over $6m - a record for the Group and evidence of the momentum behind Beek's specialist cloud offerings for financial markets.
Gordon McArthur, CEO of Beeks Financial Cloud commented:
"We continue to secure notable contracts with some of the world's largest players in the financial services industry, demonstrating our growing reputation and the quality of our offerings. This latest contract contributes towards underpinning our FY23 expectations. With growing levels of committed future revenues and a record pipeline, we are confident in continued growth."
Definitely a stock to buy. Great to learn that the move has been accomplished, fairly smoothly it would seem. This is an excellent start, in a very exciting new chapter for the company.
Last December's update was a week later than 2020. The Nordkalk takeover has really enlarged SRC and an update would be a full year one as well. Therefore would give them up to the 18th to issue one.
The tip wasn't welcome for me. Dug around after the buying continued. Despite the activity the sp has fallen back from today's highs. No doubt some pent-up selling demand, as they got their +400p wish. If there isn't a TU soon, might just get some more below 400p.
Had this on watchlist as a stock with growth potential. It is virtually dormant regards share trading. Buying rush this morning, triggered a buy from me, as hopes of sub 400p gone. Superplanty has posted on AD-VFN that Simon Thompson, Investors Chronicle, has tipped with a target price of 550p.
Nice surprise yesterday, another Tier 1 client, hopefully there will be more to come. The money to be invested in the growing sales pipeline. Which will mean more staff, filling the new facilities, due to be occupied soon. Also will be pleased to learn of Proximity Cloud upgrades. The increased investment likely to slow bottom line growth but create a sound platform for very solid growth in the years to come.
Gordon McArthur is still very bullish on Beeks' future prospects including;
"The prospects for Beeks have never been more promising and with a growing pipeline we are excited by the opportunity ahead."
Happy to be holding and will look to add when the sp looks attractive.
DYOR
Never come across the expression "coffee tin" used with shares before.
Looking at the acquisition in a different way. GBG currently have 14 products on offer following the Acuant takeover. If a significant number of existing GB Group customers are already ordering or showing a great deal of interest, in the new Acuant products now available to them. It would make sense to acquire more customers, whose options, in this case from Cloudcheck, are limited.
The next couple of trading updates could be very interesting.