UK 14:39 Sunday, 4 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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?
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.
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…
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!...
An announcement from Blancco Technology Group (BLTG) entitled “Q3 Trading Update, Cash Flow Review and Funding”. Hmmm, I’d guess it ain’t gonna be positive…
