Beeks Financial Cloud Group (BKS)

Sector:

IT Services

Index:

FTSE AIM All-Share

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

Beeks Financial Cloud secures further extension to JSE Colo 2.0 partnership

By Iain Gilbert

Date: Tuesday 20 Aug 2024

LONDON (ShareCast) - (Sharecast News) - Cloud computing and connectivity provider Beeks Financial Cloud said on Tuesday that it had secured a further extension of its JSE Colo 2.0 partnership with IPC into a second data centre location.
Beeks Financial Cloud said the Johannesburg Stock Exchange had signed a "significant contract extension" for the provision of Beeks Exchange Cloud, further supporting the firm's confidence in meeting financial expectations.

The AIM-listed group stated the service will also be available at the JSE's Teraco data centre, specifically to meet the needs of large banks' regulatory requirements for dual location disaster recovery. The Contract follows the successful launch of JSE Colo 2.0 in September 2023, and a significant contract extension in March 2024 to meet stronger-than-anticipated customer demand.

Chief executive Gordon McArthur said: "We are delighted to announce this further expansion with the JSE to meet the growing demand for the Colo 2.0 service from the JSE's customers. Exchange Cloud continues to be a unique offering in the market, and the success of the solution at the JSE is supporting our discussions with other global exchanges, underpinning our confidence in continued momentum."

As of 1030 BST, Beeks Financial shares were up 6.44% at 276.75p.











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 270.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 286.00p
52 Week Low 95.00p
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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