Beeks Financial Cloud Group (BKS)

Sector:

IT Services

Index:

FTSE AIM All-Share

177.50p
   
  • Change Today:
    -4.00p
  • 52 Week High: 192.00
  • 52 Week Low: 88.50
  • Currency: UK Pounds
  • Shares Issued: 66.43m
  • Volume: 62,715
  • Market Cap: £117.91m
  • RiskGrade: 140

Beeks enters cryptocurrency market with billionaire Winklevoss twins

By Duncan Ferris

Date: Wednesday 21 Mar 2018

LONDON (ShareCast) - (ShareCast News) - Cloud computing and connectivity provider Beeks Financial Cloud has agreed to enter the cryptocurrency market through collaboration with Gemini Trust Company, a cryptocurrency exchange owned by bitcoin billionaires Cameron and Tyler Winklevoss.
The collaboration with Gemini will see Beeks, which raised £7m in its AIM flotation in November, provide low-latency infrastructure and connectivity to the exchange through the Beeks Cloud.

This will allow Beeks clients who are existing clients of Gemini to legitimately and securely source and trade bitcoin and ethereum cryptocurrencies.

Gordon McArthur, chief executive of Beeks Financial Cloud, said: "Cryptocurrency trading is growing in popularity and this is a service our institutional clients have been wanting for some time, as they seek a means to trade cryptocurrencies legitimately and securely. The high level of regulation on the Gemini Exchange provides our customers with an assurance of greater security in a volatile market."

Bitcoin and ethereum are two of the largest digital currencies in the world. Cryptocurrencies, while still decried by some as no more than cockamamie-cigar-smoke, are designed to allow anonymous payments to be sent across the internet without the need for facilitation by a bank or other third party.

"In a highly significant industry, this new service has the potential to be a valuable move for Beeks as we seek to expand our offering across the key markets for automated trading," said McArthur.

The launch of the direct connection, available as part of the company's crypto connect package via the Beeks marketplace, is part of Beeks' ongoing expansion of its offering which now covers forex, futures, fixed income and cryptocurrency markets.

As of 1003 GMT, Beeks Financial Cloud's shares were up 2.52% at 61p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BKS Market Data

Currency UK Pounds
Share Price 177.50p
Change Today -4.00p
% Change -2.20 %
52 Week High 192.00
52 Week Low 88.50
Volume 62,715
Shares Issued 66.43m
Market Cap £117.91m
RiskGrade 140

BKS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.82% below the market average82.82% below the market average82.82% below the market average82.82% below the market average82.82% below the market average
47.62% below the sector average47.62% below the sector average47.62% below the sector average47.62% below the sector average47.62% below the sector average
Price Trend
76.16% above the market average76.16% above the market average76.16% above the market average76.16% above the market average76.16% above the market average
69.89% above the sector average69.89% above the sector average69.89% above the sector average69.89% above the sector average69.89% above the sector average
Income Not Available
Growth
44.36% below the market average44.36% below the market average44.36% below the market average44.36% below the market average44.36% below the market average
49.43% below the sector average49.43% below the sector average49.43% below the sector average49.43% below the sector average49.43% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BKS Dividends

  Latest Previous
  Interim Final
Ex-Div 18-Mar-21 01-Oct-20
Paid 01-Apr-21 27-Nov-20
Amount 0.20p 0.15p

Trades for 17-Apr-2024

Time Volume / Share Price
16:06 3,500 @ 175.00p
15:08 14 @ 177.05p
14:58 526 @ 177.05p
12:42 2,000 @ 179.00p
12:37 551 @ 179.00p

BKS Key Personnel

CFO Fraser McDonald

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