II Editor
16 Mar 2015
NEW ARTICLE: Profit piles up at cash-rich Brady "Shares in commodity trading and risk management software firm LSE:BRY:Brady had underperformed since the end of 2012, largely tracking the downturn in global metal prices. That was until late last year. Since then the shares are up over 40% at a ..."[link]
gretel
16 Mar 2015
Results ahead of expectations Great results - and slightly ahead of expectations, with 5.31p EPS compared to consensus 5.24p.Plus the 2.85p dividend is also ahead of 2.8p expectations.The whopping £9.6m cash pile was also well ahead of forecasts:[link] outlook is also very bullish, with a notable focus on potential acquisitions.Congrats to the team.
gretel
02 Mar 2015
Techinvest add more BRY to portfolio Results will be out 16th March,We already know they'll be good - and will show almost £10m of net cash to spend on acquisitions etc.Good to see Techinvest buying more too.
gretel
11 Feb 2015
New interview with the CEO [link] ask for more really: - high visibility for 2015 - great recurring income - large cash pile - good dividend cover - global business with 40% of business outside of Europe - first Korean deal, with major consumer electronics group - obviously LG! - increasing deployment of cloud for faster and more efficient usage - not cyclically correlated to commodities as used by traders and risk management
gretel
04 Feb 2015
New contract win On the BRY web site:[link] to see the new contract win for the use of BRY's solutions by producers and manufacturers.I saw BRY at their stand yesterday at the Cenkos show in London. Everything seemed positive and optimistic. I pressed on whether there would soon be news on further acquisitions, but of course couldn't get anything specific!It's been two years since the last acquisition. Given that BRY now have a likely £7m-£8m cash pile I'd hope and expect another one soon.And with results only just over a month away, which we know will be good, hopefully we'll see a run-up even without acquisition news.
sharegardener
19 Jan 2015
Re: Taget price increased to 106p they are growing steadily with more contracts and licences being signed up in new countries also. I wonder if they may use the cash for an acquisition? If not, possible larger divi and hopefully reinvestment to expand their business. Cash flow certainly appears healthy and Return on Capital Employed mid 20's%. Also, top 10 major institutional holders appear to have approx 60% of the shares between them which is reassuring. Ive been holding for nearly 2 years and still waiting for 100+, in no hurry but agree would jump with a takeover bid.Good luck all SG
gretel
19 Jan 2015
Taget price increased to 106p Panmure Gordon have just issued a buy note and increased the SP target from 94p to 106p.106p would in particular be extremely cheap for a predator, which is the endgame here imo. Currently I think they'd be happy to pay 120p-130p, but as the business grows and improves that figure will climb nicely.
gretel
19 Jan 2015
Good news today Excellent stuff - almost £10m cash now against the £66m m/cap.The 2015 P/E ex-cash here is now only around 11 or 12 - possibly 30%-40% below fair value given the strong trading, and certainly low imo given the high recurring income, market leadership, expansion into new sectors and geographical growth.
Welsheagle
19 Jan 2015
Trading statement 19 Jan 2015 07
0:15Brady plcRNS Number : 4510CBrady plc19 January 2015  Brady plc ("Brady" or the Company"
Trading Statement for Full Year 2014 Highlights:· Trading in line with market expectations· Cash significantly ahead of expectations· Record licence revenue recognised in period· Secured 15 new contracts in 2014Brady, the leading global provider of trading, risk management and settlement solutions to the energy, commodities and recycling sectors, is pleased to provide an update on trading performance for the full year to 31 December 2014.Trading for the second half of the year has continued to be in line with expectations and as a result full year results are expected to be in line with market expectations. Cash at 31st December 2014 is £9.5 million, which is significantly ahead of market expectations The Group secured 15 new contracts in 2014 including 6 cloud deployments.Second half deals were transacted with some of the world's best known energy and commodity trading companies including: · The world's largest nickel producer· A cloud based Energy transaction with a major Australian bank· A Risk Management solution for a leading aluminium producerDeals were also geographically diverse including: our first deal in Korea, and cloud based deals in the Middle East, and Monaco. This underlines the increasing breadth of our business and our growing international stature.The Group also delivered significant contracts to existing clients, enabling us to recognise record licence revenue.Gavin Lavelle, CEO of Brady plc, commented: "I am delighted at the earnings growth across the group. Cash generation is also strong, underpinning an already robust balance sheet and providing healthy dividend cover. There is momentum across the business, successfully delivering projects to our clients and signing new customers around the globe in difficult market conditions. We continue to have strong value propositions to meet the current and future needs of our clients. I look forward to providing a more detailed commentary when we announce the Preliminary Results in the middle of March 2015."
gretel
12 Jan 2015
Tipped by Techinvest for 2015 BRY is a Techinvet 2015 NAP tip (@78.5) with a rating of 9
gretel
29 Dec 2014
Hargreave Hale increased stake The last two years have seen trading statements on 23rd January - hopefully another one to come this time. RNS just out today - Hargreave Hale continue to increase their stake overall, with in particular Giles Hargreave's Marlborough Fund Managers topping up further - HH now own over 10% with 8.21m shares:[link]
gretel
18 Dec 2014
RNS - contract wins BRY combats volatility and should therefore do well in the current environment.Today's contract wins will help nicely:[link] It's good to see: - another contract in the renewable sector - a contract as far afield as Bahrain, showing BRY's global reach - and a sale of the new Hedge Manager solution
