Announcement • Nov 03
Blancco Technology Anticipates Cancellation of Admission to Trading of its Shares on AIM on 17 November 2023 On 2 August 2023, the boards of WHITE BIDCO LIMITED (Bidco) and Blancco Technology Group plc (Blancco) announced the terms of a recommended all cash offer (the ‘Offer’) to be made by Bidco for the entire issued and to be issued share capital of Blancco (other than any Blancco Shares already held by Bidco) at a price of 223 pence for each Blancco Share, to be implemented by way of a takeover offer within the meaning of Chapter 3 of Part 28 of the Companies Act (the ‘Act’). The full terms of, and conditions to, the Offer and the procedures for acceptance are set out in the offer document, which was posted to Blancco Shareholders on 8 August 2023 (the ‘Offer Document’). Bidco announced that the Offer will close for acceptance at 5:00 p.m. (London time) on 16 November 2023. As announced on 19 October 2023, the anticipated date of the cancellation of the admission to trading of Blancco Shares on AIM (the ‘Cancellation’) is expected to become effective on 17 November 2023. Announcement • Oct 19
White Bidco Intends to Procure Blancco Technology Make an Application to LSE for Cancellation of Admission to Trading of Blancco Shares on AIM On 2 August 2023, White Bidco Limited (Bidco) and Blancco Technology Group plc (Blancco) announced that they had reached agreement on the terms of a recommended all-cash offer for the entire issued and to be issued ordinary share capital of Blancco at a price of 223 pence per share (the "Offer") to be implemented by way of a takeover offer within the meaning of Part 28 of the Companies Act. The offer document setting out the full terms of, and Conditions to, the Offer (the "Offer Document") was published and sent to Blancco Shareholders on 8 August 2023. On 16 October 2023, the board of Bidco announced that, in accordance with paragraph 1 of Part A of Appendix I in the Offer Document, it is waiving down the percentage of Blancco Shares required to satisfy the Acceptance Condition from Blancco Shares carrying not less than 75% of the voting rights then normally exercisable at a general meeting of Blancco, to Blancco Shares carrying not less than 65.71% of the voting rights then normally exercisable at a general meeting of Blancco (the "New Amended Acceptance Condition"). Bidco intends to procure that Blancco make an application to the London Stock Exchange (LSE) for the cancellation of the admission to trading of Blancco Shares on AIM (the "Cancellation"). The cancellation of trading in Blancco Shares on AIM will significantly reduce the liquidity and marketability of any Blancco Share. New Risk • Oct 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €2.48, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 24x in the Software industry in Germany. Total returns to shareholders of 13% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.47 per share. New Risk • Aug 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €1.98, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 25x in the Software industry in Germany. Total loss to shareholders of 10.0% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.44 per share. Announcement • Jul 04
Blancco Technology Group Provides Financial Guidance for the Year Ended 30 June 202 Blancco Technology Group provided financial guidance for the year ended 30 June 2023. The strong performance delivered in the first six months has continued, with Blancco benefitting from the enduring growth drivers of sustainability and governance. FY2023 revenue is now expected to be above market expectations and, due to the positive impact of operational gearing, operating profit is expected to be comfortably higher than current forecasts. Reported Earnings • Feb 22
First half 2023 earnings released First half 2023 results: Revenue: UK£24.0m (up 22% from 1H 2022). Net income: UK£2.23m (up 48% from 1H 2022). Profit margin: 9.3% (up from 7.6% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Software industry in Germany. Announcement • Feb 03
Blancco Technology Group plc to Report First Half, 2023 Results on Feb 21, 2023 Blancco Technology Group plc announced that they will report first half, 2023 results on Feb 21, 2023 Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Catherine Michel was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 28
Blancco Technology Group plc, Annual General Meeting, Dec 13, 2022 Blancco Technology Group plc, Annual General Meeting, Dec 13, 2022, at 14:00 Coordinated Universal Time. Location: The offices of Buchanan, 107 Cheapside London United Kingdom Reported Earnings • Sep 29
Full year 2022 earnings released: EPS: UK£0.027 (vs UK£0.018 in FY 2021) Full year 2022 results: EPS: UK£0.027 (up from UK£0.018 in FY 2021). Revenue: UK£39.8m (up 9.0% from FY 2021). Net income: UK£2.02m (up 48% from FY 2021). Profit margin: 5.1% (up from 3.7% in FY 2021). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Software industry in Germany. Announcement • Aug 19
Blancco Technology Group plc to Report Fiscal Year 2022 Results on Sep 28, 2022 Blancco Technology Group plc announced that they will report fiscal year 2022 results on Sep 28, 2022 Announcement • Jul 07
Blancco Technology Group Appoints Jon Mellon as President of Global Sales, Marketing and Field Operations Blancco Technology Group announced the appointment of Jon Mellon as President of Global Sales, Marketing, and Field Operations. Mellon's focus will include expanding Blancco's channel program into vertical markets to further grow the company's enterprise business. He replaces Blancco's company president, Alan Bentley, who is retiring after a long and successful career, including nearly six years at Blancco. A recognized industry leader, change agent, sales innovator, and business strategist, Mellon was most recently the Chief Revenue Officer at Sonatype, where he was responsible for all go-to-market activities at this company which serves the DevOps and Application Security market. Prior to this, Mellon was with global cloud services and data management brand, NetApp, where he held various sales leadership roles during his 12 years at the company. His most recent position at NetApp was VP and General Manager of Americas Commercial Sales, in which he spearheaded the development and execution of a revenue-driven strategy focusing on sales, systems engineering, and business development across a third of the Americas operation and highest growth segment in the company. During his tenure, NetApp doubled in size - a major feat due to the scale and complexity of a multi-billion-dollar enterprise. Announcement • Jun 08
Blancco Technology Group plc (AIM : BLTG) agreed to acquire WipeDrive, Inc. from Stupar Holdings Corporation, Tuvia Barak, William Glynn and Donald Griffes for $10 million. Blancco Technology Group plc (AIM : BLTG) agreed to acquire WipeDrive, Inc. from Stupar Holdings Corporation, Tuvia Barak, William Glynn and Donald Griffes for $10 million on June 8, 2022. Initial cash consideration of US$8.5 million to be paid on completion and further contingent consideration of up to US$1.5 million to be paid in cash 12 months following completion subject to certain performance criteria. The total consideration will be financed through the Group's existing cash and debt resources. Reported Earnings • Feb 24
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: EPS: UK£0.02 (up from UK£0.01 in 1H 2021). Revenue: UK£19.7m (up 13% from 1H 2021). Net income: UK£1.51m (up 113% from 1H 2021). Profit margin: 7.6% (up from 4.1% in 1H 2021). Revenue missed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 7.2%, compared to a 15% growth forecast for the industry in Germany. Recent Insider Transactions • Dec 16
CEO & Director recently sold €582k worth of stock On the 15th of December, Matthew Jones sold around 204k shares on-market at roughly €2.86 per share. This was the largest sale by an insider in the last 3 months. This was Matthew's only on-market trade for the last 12 months. Announcement • Jun 09
Blancco Technology Group plc Confirms Revenue Guidance for the Fiscal Year Ending 30 June 2021 Blancco Technology Group plc confirmed revenue guidance for the fiscal year ending 30 June 2021. Blancco has achieved significant growth in revenue through the second half of the financial year, despite the strengthening value of Sterling, and expects revenues for fiscal 2021 to be in line with the Board's expectations. 
