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

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 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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