Beeks Financial Cloud Group (BKS)

Sector:

IT Services

Index:

FTSE AIM All-Share

262.00p
   
  • Change Today:
    -10.00p
  • 52 Week High: 286.00
  • 52 Week Low: 95.00
  • Currency: UK Pounds
  • Shares Issued: 66.74m
  • Volume: 28,703
  • Market Cap: £174.87m
  • RiskGrade: 140
  • Beta: 0.72

Canaccord Genuity stays at 'buy' on Beeks Financial Cloud

By Iain Gilbert

Date: Wednesday 14 Aug 2024

LONDON (ShareCast) - (Sharecast News) - Canaccord Genuity stood by its 'buy' rating and 260.0p target price on software and services firm Beeks Financial Cloud on Wednesday following a fresh update from the group.
Canaccord Genuity said Beeks' recent trading update suggested imminent newsflow on its large Exchange Cloud deal announced in February and today, the company reported it had received regulatory approval for the offering and plans to announce details jointly with the customer of the platform available for deployments in due course.

"We estimated that US exchanges generate several hundred million USD in revenues from colocation - leasing out space and power in their data centres next to their trading engines. This creates a large incentive for them to grow this revenue stream and leverage Exchange Cloud, though the pace of the demand ramp-up and ultimate recurring revenue opportunity for Beeks will largely depend on successful end-customer uptake," said the Canadian bank.

"In this context, Beeks indicates that the initial deployment of services to this customer has commenced and supports the board's FY25 expectations. We continue to believe that successful sales execution and uptake of the new offering by this large exchange's customer base could create material upside to our forecasts."





Reporting by Iain Gilbert at Sharecast.com

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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 262.00p
Change Today -10.00p
% Change -3.68 %
52 Week High 286.00
52 Week Low 95.00
Volume 28,703
Shares Issued 66.74m
Market Cap £174.87m
Beta 0.72
RiskGrade 140

BKS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
97.78% below the market average97.78% below the market average97.78% below the market average97.78% below the market average97.78% below the market average
95% below the sector average95% below the sector average95% below the sector average95% below the sector average95% below the sector average
Price Trend
97.59% above the market average97.59% above the market average97.59% above the market average97.59% above the market average97.59% above the market average
95.40% above the sector average95.40% above the sector average95.40% above the sector average95.40% above the sector average95.40% above the sector average
Income Not Available
Growth
67.00% above the market average67.00% above the market average67.00% above the market average67.00% above the market average67.00% above the market average
67.50% above the sector average67.50% above the sector average67.50% above the sector average67.50% above the sector average67.50% above 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 21-Nov-2024

Time Volume / Share Price
16:09 100 @ 264.00p
15:59 300 @ 263.80p
15:45 1,135 @ 264.00p
15:45 9 @ 264.00p
15:04 375 @ 264.88p

BKS Key Personnel

CFO Fraser McDonald

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