views

Blancco Technology – interims emphasise “increasing Sustainability and Governance tailwinds”, but what’s already in the price?

Describing itself as “the industry standard in data erasure and mobile lifecycle solutions”, Blancco Technology Group (BLTG) has announced results for its half-year ended 31st December 2022 emphasising “increasing Sustainability and Governance tailwinds accelerate double-digit growth” and that it “continues to trade well and has a strong pipeline of opportunities”. So what of a share price currently more than 15% higher in response to 188.5p?

NEWSFLOW

Blancco Technology (#BLTG) – operational gearing-helped performance “comfortably above the board's expectations”

NEWSFLOW

Blancco Technology (#BLTG) – agreed €5.25m acquisition, raises £10m at 125p per share

NEWSFLOW

Blancco Technology (#BLTG) – “now expect full year revenues to be towards the lower end of our guidance range”

views

Roger Lawson sticks it to Blancco - calls for FRC to look at dodgy accounts

The old goat has turned over a new leaf and today really sticks it to Blancco Technology (BLTG) in which he admits he has a trivial holding. I doff my hat to Lawson for that and his comments on the ShareSoc blog are spot on. Personally this company's revenue recognition policies stink so much that I'd have to rate it as a sell.

NEWSFLOW

Blancco (#BLTG) – following “recent developments” (i.e. profit warnings, CEO ‘stepping down’), Rob Woodward to now continue as Chairman

views

Blancco Technology – following April cash warning & July receivables warning, what now?!

On the back of a “Q3 Trading Update, Cash Flow Review and Funding” announcement in April, I warned on shares in Blancco Technology (BLTG), updating in July – with they slipping below 120p – that I retained a lack of confidence in what is going on here and thus also a stance of bargepole/sell. There’s now a “Updates on revenue and management” announcement, seeing the shares slump well below 100p…

NEWSFLOW

Blancco Technology (#BLTG) – “to reverse” £2.9m of revenues from two contracts, CEO ‘steps down’

views

Blancco Technology – 2 months after placing, cash performance below expectations due to non-payment of receivables. Hmmm…

Having in May been “pleased to announce the completion of a placing of 5,800,000 new ordinary shares… at a price of 169 pence per placing share” (I bet it was pleased - as otherwise it was cash crunch within weeks!), Blancco Technology Group (BLTG) has today released a “Trading Statement” which currently sees the shares down by more than 20% at sub 120p. Those who took part in the placing won’t be “pleased” then!...

NEWSFLOW

Blannco (#BLTG) says FY sales ahead of forecast but PTP & cash well below due to bad debts from 2016