The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Above 400p, again. Nice start to the week.
If it's overvalued where are the hedge funds? Anyone shorting here? Shorttracker shows nobody.
Australian bank NAB is slashing 6,000 jobs in a technology transformation aimed at simplifying its business. The 12% cut in staff will be phased in over the next three years but 2,000 new positions will be created as the company invests more into automation.
Contract win with one of Europe's leading private equity firms Osirium Technologies plc (AIM: OSI.L), a UK headquartered cyber-security SaaS provider, is pleased to announce a new customer win with one of Europe's leading private equity firms. The contract will run over an initial twelve-month term. The customer primarily invests in three areas, private equity, real estate and infrastructure. Since 1994, the Group has invested over €16 billion in 34 businesses with an aggregate enterprise value of over €48 billion. The Group has appointed Osirium to deliver its full PxM product offering of Privileged Account Management and Privileged Task Management modules with associated consultancy services. The focus has been to tighten security controls and access and introduce reporting and auditing of systems and applications. David Guyatt, Chief Executive Officer, commented: "We are delighted to secure this major new financial services customer and a further 'land and expand' licensing deployment. With the recent and highly-publicised spike in cyber terrorism and increasing numbers of businesses suffering devastating data breaches, they wanted to ensure that their customers did not suffer such a fate. The most important area to the Group was to control access to privileged devices, applications and infrastructure by internal staff and third-party service providers. Osirium looks forward to working with them closely to deliver an effective and secure interface."
Year end trading update should come in November , I think.
Contract win with one of the world's largest insurance groups Osirium Technologies plc (AIM: OSI.L), a UK headquartered cyber-security SaaS provider, is pleased to announce a new customer win with one of the world's largest insurance groups. The contract will run over an initial twelve-month term. The Group has appointed Osirium to deliver its full PxM product offering of Privileged Account Management, Privileged Task Management and Privileged Session Management modules and associated consultancy services. The remit will include implementing Osirium's PxM product to protect the Group's outsourced IT Helpdesk, core business systems and devices. David Guyatt, Chief Executive Officer, commented: "We are delighted to sign this major new customer which marks Osirium's first 'land and expand' licensing deployment within the global insurance sector. They wanted a simple to administer but powerful system to protect the Group's IT from internal and external threats. We look forward to working closely with our new partner to combine cyber security with task automation benefits." - Ends -
UK revenue growth for the year was 17% on the back of a strong H2 performance with growth of 26%. Excluding the acquisition of Sunshine.co.uk Limited, UK revenue growth was 14%, with H2 revenue up 21%, with continued progression in UK EBITDA margin compared to 2016. The Group experienced significant growth for the majority of the key summer trading period, despite some softness in the weeks that followed the Barcelona terrorist attack in August and we have exited the financial year with strong forward momentum. Following the acquisition of Sunshine.co.uk Limited on 9 May 2017, we are pleased to report that the integration process is now substantially complete. Sunshine's trading since acquisition is in line with our expectations.
Berenberg says BUY, target 470p.
Contract renewals with a Tier 1 Telco and Global Aerospace & Defence company Osirium Technologies plc (AIM: OSI.L), a UK headquartered cyber-security SaaS provider, is pleased to announce that two tier 1 customers, a leading telecommunications group and global aerospace & defence company have renewed their contracts for 12 months and 24 months respectively. Under the terms of these contracts, Osirium will deliver its full PxM product offering of Privileged Account Management, Privileged Task Management and Privileged Session Management modules and associated consultancy services.
Old Mutual doubled its stake to 18.05%.
Don't give up on GILD stock yet -- go long for free By Nicolas Chahine, InvestorPlace Contributor | Sep 29, 2017, 9:59 am EDT Gilead Sciences, Inc. (NASDAQ:GILD) stock suffered a nasty 50% correction from its $123 per share high. It finally found footing in June of this year. The slide started mid 2015 and the stock set a lower high and the lower low until it was finally able to stabilize around $64.00 per share. And therein lies my opportunity. GILD Stock: Gilead Sciences, Inc. (GILD) Stock Gots Its Mojo Back Source: Gilead Sciences A stock price bottom that takes this long to set becomes a solid floor. In addition, it is a significant level because it has been in contention since 2013, over four years ago. It was then when the bulls broke out from it and have used it as support ever since. In the past three months, Gilead stock rallied 25% off the aforementioned bottom. But it is important to note that the momentum faded around $85 per share. This is another point of contention that dates back to early 2014. So for now it looks like the bears will hold it has forward resistance.
John Guerrero - La Luna, Òle òle?
AGM Trading update Strong progress across three continents, on course to meet expectations Purplebricks Group plc ('Purplebricks', 'the Company' or 'the Group'), the leading hybrid estate agency, issues the following trading update for the period 1 May 2017 to 28 September 2017 in advance of its AGM to be held at 10:00am today. Strong progress has been made across the business since the start of the financial year on 1 May 2017. Trading in the UK and Australia remains on course to meet the full year guidance provided at the Final results in June: revenues of £80m for the UK and £12m for Australia. H1 revenues in the UK are likely to be more than double the same period last year and many times ahead in Australia, although they had only been trading two months in the comparable period. Local Property Experts have recently increased in the UK from 540 as at 29 June 2017 to 640 and from 77 to 100 in Australia. On 15 September 2017 the Group launched into the $70bn US real estate market, commencing a region-by-region rollout in the city of Los Angeles. The launch date was ahead of plan and has gone smoothly. Our US TV advertising campaign was aired under the banner of "Real misery, the misery you feel when you have paid too much in commission and got nothing more for your money". The initial response has been encouraging with the volume of website visits and valuations booked exceeding both the UK and Australia at the same period in their development. Furthermore, we received our first buy side mandate soon after our launch campaign went live. We are extremely pleased with the quality of the Local Real Estate Experts (LREEs) who have already joined us and those that are in the process of applying to work with Purplebricks. Valuation appointments went live on 24 September 2017 as we always allow time for LREEs to build up appointments in their diaries in advance of them completing their intensive training programme. Local management and central teams are fully operational in California and New York, working alongside the LREEs to help and advise customers 24/7. The Company is well funded with over £64.9m of cash and no debt as at 30 August.
 The Company will report its Interim results for the six months ended 31 October 2017 on 13 December. Commenting on the announcement, Michael Bruce, Group Chief Executive, said: "Launching into the US market is an important and proud moment in the Company's three year history. The level of hard work, commitment and dedication from the team to achieve this, while continuing to deliver on UK and Australian expansion, is testament to the culture and breadth of talent within our business. We will continue to invest in infrastructure and teams to support our rapid growth, while our focus will remain on providing an excellent customer experience. We are relentless at working to ensure we understand our customers' needs and meet their expectation
Now just wait for the other side of the transaction.
Blue Prism, a global leader in Robotic Process Automation, announces that on 27 September 2017, RisingStars Growth Fund LP ("RisingStars"), and certain persons discharging managerial responsibilities ("PDMR") sold an aggregate of 4,380,000 ordinary shares in the Company ("Ordinary Shares"), representing approximately 7.0 per cent of the issued share capital of Blue Prism at a price of 1000 pence per share. Additionally, on the same day, Chris Batterham, Non-Executive Director, acquired 14,000 Ordinary Shares at a price of 1000 pence per share. Details of each party's participation in the transactions are as follows: RisingStars sold 3,500,000 Ordinary Shares. Following this sale RisingStars retains an interest in 3,061,549 Ordinary Shares, representing approximately 4.9 per cent of Blue Prism's issued share capital. The remainder of the Ordinary Shares retained by RisingStars remains subject to the original lock-in and orderly market agreement entered into with the Company and Investec Bank plc at the time of the Company's IPO. PDMR Dealings David Moss sold 380,000 Ordinary Shares. Following this sale, David Moss retains an interest in 3,141,872 Ordinary Shares, representing approximately 5.0 per cent of Blue Prism's issued share capital. Patrick Geary sold 250,000 Ordinary Shares. Following this sale, Patrick Geary retains an interest in 768,000 Ordinary Shares, representing approximately 1.2 per cent of Blue Prism's issued share capital. Martin Flood sold 250,000 Ordinary Shares. Following this sale, Martin Flood retains an interest in 550,000 Ordinary Shares, representing approximately 0.9 per cent of Blue Prism's issued share capital. The remainder of the Ordinary Shares retained by the above PDMRs are now subject to a lock-in which has been extended for a period of six months from the date of this announcement. Chris Batterham acquired 14,000 Ordinary Shares. Following this purchase, Chris Batterham has an interest in 214,000 Ordinary Shares, representing approximately 0.3 per cent of Blue Prism's issued share capital.
Don't know but don't care much, sit here for long and never set stop losses (sometimes I wish I did). Large volume this afternoon, over 11.5 million shares changed hands. RNS should follow in coming days.
I've noticed PURP has a few listings outside California.