miltonboy
30 Aug 2018
Lacklustre Trading Update today Hmmmm, Well a year has gone by and not sure what was said in the September interims then was achieved the board and management. What else are they saying now that they are not achieving now? We are due numbers in September, around the 10th and in May 18 we were told trading in line with expectations. Time to see whether the board and management in 2018 are going to emulate their 2017 numbers! Would be good to see what those expectations were, a profit, small loss or something else? 10 days to wait!
sharegardener
18 Jan 2017
Re: Lacklustre Trading Update today Hi MM, the CEO Gavin Lavelle has gone and successor not yet announced - with the (relatively recently appointed) chairman now in exec capacity. Perhaps the main reason for a wishywashy, sparse yet vaguely reassuring update! In September's interims he said''Continuing the momentum achieved in the first half with the Group's return to profitability and the significant cost reduction, the Board will be implementing further measures to drive the effectiveness and efficiency of the Group's operation. The review of its organisational structure has already begun and it is our intention to integrate the business more closely across its disciplines including sales, technology and support. This will enable us to drive common systems, methodologies and processes across the Group and importantly enable quicker and more efficient delivery of our products to our customers.Although current market conditions are difficult the Group has leading market positions, best in class solutions and strong people and teams; we are focused on capitalising on these foundations and building an efficient engine for success to support our future earnings growth.''March the full year results will be out and hopefully a new CEO in place.SG
MrMeerkat
17 Jan 2017
Lacklustre Trading Update today What a lacklustre update - I really wonder why they bothered. And, for clarity and transparency, why not spell out what the 'market expectations' are? contrast, the CRW update today is a model of useful information that gives me confidence in continuing to hold. I wish I could say the same for BRY.MM
Sambram
12 Sep 2016
Steady H1, lots to fix.. "Interim results were well telegraphed by the July trading update and there is little to surprise in these figures bar encouraging success in reducing costs (cash costs in H1 were reduced by £1.6m). Brady has failed to deliver on its potential in recent years and management’s intention to refocus the business model gives us encouragement that renewed vigour is being injected into the business. While underlying market conditions present a challenge to trading, we believe they also afford new management the opportunity to take the action necessary to reposition this business for growth. We advise investors to watch developments closely going forward."Update from N+1 Singer on Research Tree
Simbrad
20 Jun 2016
"Sanderson fits the bill for investors looking for a combination of accelerating growth potential, healthy cash generation and growing dividends. This is a long-established provider of high quality ERP and retail systems to SMEs that has a good level of revenue visibility (50% recurring revenues and a £3.2m order book) and a strong IP base that includes connected retail and specialist solutions. Management has a clear and, in our view, highly achievable three-year plan for significant value creation and increasing returns." N+1 Singer note out this morning on Research Tree
sharegardener
30 Mar 2016
Re: Solid dividend player with healthy balan... mcescher at it again promoting simply wall street. Reported
mcescher
30 Mar 2016
Solid dividend player with healthy balance sheet. At least that is the view on here [link]
piw
24 Mar 2016
Results presentation by CEO [link] Lavelle, CEO Brady PLCTalks through 2015 FY results, and explains the challenges throughout the year.In spite of the difficult commodities market, and the reduction in spending by customers Lavelle puts forward a confident view of where he sees Brady positioned.Costs have been cut by £2m and the offshore development centre will provide further savings.56% of revenue is now generated by recurring income.Lavelle believes contracts have been delayed, not cancelled. And cites they are still growing market share.Further, there maybe acquisition opportunities in the software market, due to the challenging market, that others with a less robust balance sheet may not weather so well.Fundamentally he sees them de-risked, moving away from licensed sales, lowering costs; and a low leveraged play for the commodity market.
II Editor
21 Mar 2016
NEW ARTICLE: Brady fightback stalls "An after-hours profits warning on 30 November hammered LSE:BRY:Brady shares and, despite a partial recovery, these full-year results reflect a company doing what it can until the good times return. The commodity trading and risk management ..."[link]
sharegardener
09 Dec 2015
some metals trading closures This may be a reflection of the wider market position:[link] existing licences still earning revenue but upgrades & new customers likely to be slowSG
II Editor
08 Dec 2015
NEW ARTICLE: Brady begins major repair job " It's been a week since commodity trading and risk management software firm LSE:BRY:Brady issued a grim profits warning. There's never a good time to tell the market your business is struggling, but picking 5.47pm on a Monday night was a bad ..."[link]
Hangover2
06 Dec 2015
The Interview with the CEO It appeared to me the CEO stated (on first questioning) in the interview (linked below) that it became apparent at the Board Meeting that trading had deteriorated that they then "sat down with their advisors" (obviously close by) then presumably considered appropriate cost cutting measures, drafted and issued a RNS announcement all in the same day? Did I get the chronology right?What truly irritates me is that I read the Interim Results in September and as I saw the share price drift down I bought as could see no reason not too! What I now think is the share price was drifting down as others knew of the downturn in trading (and the only think that kept the share price up was the company buying shares back). Am I too cynical?Still the company has been punished enough and the question now is 45p cheap. I cannot help but think that for their customer base they must become an attractive take over - a premium to the current share price is still way down on the share price of a few months ago and some must be looking at the company as mining and metals will not always be in the doldrums.....
sharegardener
05 Dec 2015
Re: Over-reaction I agree but this could be the first of several profit warnings. Commodities, energy and recycling sectors are all struggling at present so these trading companies are likely to be reluctant to invest in IT upgrades. However, Brady have net cash with no debt and they say potential orders are delayed into next FY rather than completely lost. They are one of the CTRM leaders so orders should recover with time.Kestrel a Guernsey based OEIC wealth fund has taken up 2.5M of the 3.2M shares dumped by Investec and now has 18% (yesterdays RNS). They appear to look for long term value so I am still holding. Will wait for the full year results which will report in March but there should be trading update in late january. The SP may start to recover once current overhang clears but H2 results will be the main determinant of what happens next - unless theres a takeover bid! (Latchways was a recent example in a different sector)SG
Hangover2
01 Dec 2015
Brady Against all better judgement I've BOUGHT!I'm frustrated with the nature of the release as trading does not deteriorate overnight but they are a good company with lots of cash and so they have time to adjust/ be bought and at this price I think they are good value. There you go.......
Rab Munro
01 Dec 2015
Re: Ouch! Wow, that does seem overdone, but I'm in no rush to jump back in. For a start, bad news usually comes in threes. But what is most concerning - why is commodity trading suddenly doing so badly just because commodity prices have been falling?
