MrMeerkat
01 Dec 2015
Ouch! Well, last night's profit warning was unwelcome, especially after the reassurance in September. The market reaction this morning, however, is brutal. Too late to sell? Time to buy? I think there is still a good business here with a strong franchise so I will hold for the moment - and try not to regret a decision not to reduce holding during the recent SP slide.MM
gretel
24 Sep 2015
News - contract win with the potential for more globally:[link] 24 September 2015 07
0Brookfield Renewable Energy Europe selects Brady Cloud solution to handle Its UK power scheduling24th September 2015, London:Brady plc (BRY.L), the leading supplier of trading and risk management solutions for energy, commodities and recycling, announced today that Brookfield Renewable Energy Europe has selected Brady Power Scheduling solution to manage its power scheduling activities in the UK. Brookfield Renewable Energy Group operates one of the largest publicly-traded pure-play renewable power platforms with operations across North America, Latin America and Europe, with a portfolio totalling more than 7,000 MW of installed capacity. In Europe, Brookfield Renewable’s portfolio consists of 600 MW of operating wind capacity across Ireland, the UK and Portugal, and has a project development pipeline of approximately 1,400 MW. To support its European growth ambitions, Brookfield sought a reliable, robust and agile solution that could handle the demands of entry into multiple new markets. In Brady, Brookfield found a software partner with a reputation for outstanding quality, experience and user support. The Brady Energy Scheduling Solution for power supports businesses such as Brookfield with cross-border trading and supply activities. The solution is delivered by Brady Cloud Services, and provides full provision for all TSO Connectivity Services as organisations’ connectivity requirements evolve. Brady's dedicated Cloud Services deliver the highest levels of availability and reliability as well as multi-layered (ISO27001 certified) security, providing the perfect environment for scalable enterprise wide and mission critical solutions for organisations of any size. Ruth Kent, Head of Power Marketing at Brookfield Renewable Europe, commented on the selection process: “Brady’s unique ability to handle more European markets with a single product provided us with a scalable and flexible solution for our scheduling requirements that can adapt with our business as we continue to expand in Europe”Gavin Lavelle, CEO of Brady plc, commented: “Our robust and flexible solution, is perfect for companies requiring the ability to be able to perform scheduling within and between a wide range of European markets and I am confident, that like our other customers, Brookfield will be up and running within the requested timeframe and will quickly recognise the benefits of the Brady scheduling solution”."
MrMeerkat
24 Sep 2015
LTIP I read yesterday's announcement, which proposes the introduction of an LTIP for Exec Directors and an undisclosed number of senior managers, with considerable consternation. My concerns include, but are not limited to:- Why on earth are awards of 150% of salary justified? This seems excessive. After all, directors are already well-paid for doing their jobs of running the company on our behalf.- The initial award of 150% appears to be without performance criteria!- EPS (even CAGR over 3 years) is a pretty awful measure as it can be manipulated so easily, not always in the long-term interests of shareholders- The dilution under the LTIP is capped at 15% over 10 years. Oh that's alright then, only 15% of our company is given away.The stated intent, as always with these things, is to align the interests of directors and senior management with shareholders. Well in that case, they should be shelling out their own wonga and feeling some real pain if it doesn't work out. Foregoing a zero-cost opportunity just isn't the same.Don't get me wrong, I've held shares in BRY since 2006 and they've done well as the company has become established and grown. But I don't want to see it go the way of Vislink where the company appears to be run as a trousering vehicle for the CEO and directors. Trust in management is essential to successful share ownership; today that has taken something of a knock.Does anyone have any greater insight into the scheme and whether it is fair and reasonable?MM feeling the need for some reassurance
gretel
08 Sep 2015
Terrific acquisition, increased target price The new ScrapRunner acquisition looks tremendous - just $2m cash paid for $0.7m of PBT and very high recurring revenues, plus no doubt cost synergies and opportunities for further sales to those clients who aren't already BRY clients:[link] have increased their target price to 129p (current price 96p). Forecasts for next year have been lifted to 6.9p EPS.Cenkos also say Buy today, and have further increased their forecasts after the excellent acquisition.And there's still room for further acquisitions from the £7m cash pile.The H1 results are obviously not great in themselves. BRY seem very confident that contracts signed in H2 will make up the difference for the year. In some cases I'd be somewhat doubtful about this, but I trust BRY's management, believe this to be a good company and am happy to hold.H2 news flow should be excellent assuming these "significant" contracts "in advanced discussions" come through.BRY's business is primarily about benefiting from volatility, not whether energy/commodity prices are high or low. Thus BRY's principal trading clients need BRY's products more, not less, in times of substantial price movements.Not to mention the growth and potential in Recycling....and of course BRY already has visibility on 80% of this year's forecast revenues with almost 4 months of the year still to go.Plus 55% of its income is recurring.There's good coverage here:[link]
gretel
29 Jul 2015
Techinvest say strong Hold/Add The July issue of Techinvest is now available free on their web site, so here's what they had to say about BRY:[link] "Brady (BRY; AIM) # 98.5pDuring the month Brady revealed that Fortum, one of the largest power suppliers to the Nordic/Baltic region, has chosen Brady’s Energy Data Management solution (EDM).Fortum Electricity Sales is a major energy retailer in Finland, Sweden and Norway, with over 1.2 million consumers. Brady boasts leadership in energy solutions for the Nordic market. In Norway alone, more than 60-70% of all physical traded power is processed via Brady EDM on a daily basis. Very strong hold / Add."
gretel
27 Jul 2015
New contract win ...and a great further endorsement for the company as the implementation of a global solution to these guys :[link] "Sims is the world’s leading publicly listed metals and electronics recycler. It has over 250 locations and more than 6,000 employees with operations encompassing the buying, processing and selling of ferrous and non-ferrous recycled metals."
gretel
23 Jul 2015
New interview with CEO Good new interview with the CEO here:[link] - 50% of BRY's business is with traders, who benefit from price volatility, which has been and is certainly present in recent and current times - the recent global metals contract is with one of the biggest metal trading companies in the world, being used by over 200 users in 9 global locations - the other recent contract with one of the largest recycling companies in the world starts with an AsiaPac deployment as part of an eventual global deployment of BRY's solution - the recycling sector is "absolutely enormous" - the Energy division is growing as it benefits from the move away from coal etc towards renewables, benefiting from the deregulation of European power markets
II Editor
20 Jul 2015
NEW ARTICLE: Brady tipped to do the numbers "LSE:BRY:Brady's first-half sales will reflect some pain in September, but landing a major deal with one of the world's largest commodity companies plus a strong sales pipeline should drive revenue growth in the second half. The commodity trading ..."[link]
gretel
20 Jul 2015
Good trtading update Every reason to expect further gains over time as the market continues to re-rate BRY, with growth in all three divisions, big contract wins and acquisitions likely soon from the cash pile.
gretel
24 Jun 2015
Big contract win news today Nice RNS this morning. This must be a very big contract, as we know BRY don't RNS all their contract wins, and they describe this one as "significant" for "a top tier multi-asset global trading house".....[link]
sharegardener
01 May 2015
Re: New contract win thanks Gretel I hadn't heard about this new contract, perhaps the first of several: ''I look forward to reporting further deal flow and business progress as the Group enters the traditionally busy second quarter. We will provide a further update at the interim results''-this from the AGM statement on the same day as the contract announcement.SG
sharegardener
01 May 2015
Re: ISA headroom An ISA 'pot' accumulates over the years and prior to this 'PEPs' were a similar tax free savings vehicle going back to 1987. (search ISA history for the figures.) Assuming the maximum was paid in each year and invested in reasonably performing investment trusts, unit trusts and single company shares with divi reinvested with some trading in and out along the way then some people will have total ISA funds over 500K or considerably more by now. Sadly I'm not in that position myself and prefer a less skewed portfolio with a mix of income & growth companies. My BRY are in my SIPP.Agree with Gretel that's its a good sign of faith from the chairman that Brady should generate rising and sustainable income over the coming years. Lets hope the chairman bought back into his ISA before the ex-div (23/4/15) or his £1850 divi will be taxed!SG
gretel
01 May 2015
New contract win [link] good contract win - and being the winning of more work from an existing client a great testament to BRY's abilities and reputation. With £10m in cash to play with I'm expecting new acquisitions soon since it's been over 2 years since the last one.
gretel
01 May 2015
Re: ISA headroom If you have residual cash in your ISA from prior years, or if you sell shares in the current year in your ISA, you can of course use any cash balance in the ISA to buy shares with.So BRY's Chairman evidently used either his current year allowance plus existing ISA cash, or simply just existing cash already sitting in the ISA, to buy BRY shares.It's a rather encouraging show of confidence from the Chairman as obviously he can't utilise any tax losses in his ISA. He's presumably expecting the share price to rise.... ))
Dickydonut
30 Apr 2015
ISA headroom Who am I to question the Chairman’s personal actions, but why sell 100,000 shares in the company at 100.00p and by them back at a greater price - if his ISA allocation is for only £15240.00 like the rest of us? I didn’t think 'bed and ISA’ gave you any additional headroom or does it? Can anybody clarify?
