Beeks Financial Cloud Group (BKS)

Sector:

IT Services

Index:

FTSE AIM All-Share

 270.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 286.00
  • 52 Week Low: 95.00
  • Currency: UK Pounds
  • Shares Issued: 66.74m
  • Volume: 214,159
  • Market Cap: £180.20m
  • RiskGrade: 140

Beeks gets regulatory approval for Exchange Cloud contract

By Josh White

Date: Wednesday 14 Aug 2024

LONDON (ShareCast) - (Sharecast News) - Beeks Financial Cloud, a provider of cloud computing and connectivity solutions for financial markets, announced on Wednesday that it has received regulatory approval for its Exchange Cloud contract with one of the largest exchange groups globally.
The AIM-traded firm said the contract, initially announced in February, had now moved forward with the deployment of services and the start of revenue recognition.

It said the contract marked its third international exchange partnership for its Exchange Cloud product - a fully configured, pre-installed trading environment optimised for global exchanges to offer cloud solutions to clients.

The deal was expected to significantly contribute to Beeks' financial performance in the 2025 financial year, and was part of an intended multi-year collaboration with the exchange.

Beeks said it was also in advanced discussions with other major exchanges worldwide, further expanding its Exchange Cloud pipeline.

The company said it remained confident in the product's potential to transform how global exchanges offer cloud-based trading solutions.

"We are delighted to receive regulatory approval and commence our project with one of the most renowned exchanges globally," said chief executive officer Gordon McArthur.

"We have already proven the speed with which we are able to launch these significant deployments, and we look forward to nurturing a sustained and successful collaboration with the customer.

"We remain well-placed to satisfy the strong demand for our solutions."

At 1518 BST, shares in Beeks Financial Cloud were up 8% at 238.68p.

Reporting by Josh White for 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 270.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 286.00
52 Week Low 95.00
Volume 214,159
Shares Issued 66.74m
Market Cap £180.20m
RiskGrade 140

BKS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
97.53% below the market average97.53% below the market average97.53% below the market average97.53% below the market average97.53% below the market average
92.68% below the sector average92.68% below the sector average92.68% below the sector average92.68% below the sector average92.68% below the sector average
Price Trend
96.29% above the market average96.29% above the market average96.29% above the market average96.29% above the market average96.29% above the market average
93.26% above the sector average93.26% above the sector average93.26% above the sector average93.26% above the sector average93.26% above the sector average
Income Not Available
Growth
66.57% above the market average66.57% above the market average66.57% above the market average66.57% above the market average66.57% above the market average
63.41% above the sector average63.41% above the sector average63.41% above the sector average63.41% above the sector average63.41% 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 31-Oct-2024

Time Volume / Share Price
14:27 25,000 @ 270.00p
08:56 25,000 @ 270.00p
15:10 10,000 @ 270.00p
15:47 5,000 @ 270.00p
16:35 8,999 @ 270.00p

BKS Key Personnel

CFO Fraser McDonald

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