Brady (BRY)

Sector:

IT Services

Index:

FTSE AIM All-Share

 12.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 64.50p
  • 52 Week Low: 3.75p
  • Currency: UK Pounds
  • Shares Issued: 83.36m
  • Volume: 24,531
  • Market Cap: £10.00m
  • RiskGrade: 1,164

Brady swings to profit, upbeat about 2019

By Michele Maatouk

Date: Monday 25 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Risk management software provider Brady said on Monday that it swung to a profit last year as revenue edged up and costs declined.
In the year to the end of December 2018, adjusted earnings before interest, tax, depreciation and amortisation came in at £2.6m versus a £0.3m loss the year before, with revenues up 4% to £23.2m. The company said its revenue performance was driven by a focus on servicing its existing client base and achieving revenue recognition milestones on several long-term implementations.

Gross profit rose 15% to £13.9m and the company's cash costs reduced by £1.1m.

Brady said it started 2019 with committed recurring revenues and contracted development and services revenues of about £18m and cash on hand of £4.6m.

"Implementation of the plan set out in the last two annual reports remains on track as we leverage the foundations we have established to deliver high quality customer relationships and growth in line with commitments made to our employees, customers and shareholders," Brady said.

"Going into 2019, we look to the future with confidence."

Carmen Carey, who was appointed chief executive on 18 February, said: "I am delighted to join Brady as CEO and look forward to leading the team as we look ahead to 2019 and beyond. We have exceptional people and world-class customers, providing us with a strong foundation for high quality customer relationships, growth and innovation."

At 1415 GMT, the shares were up 2.7% at 58.02p.

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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.

 

Brady Market Data

Currency UK Pounds
Share Price 12.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 64.50p
52 Week Low 3.75p
Volume 24,531
Shares Issued 83.36m
Market Cap £10.00m
RiskGrade 1,164

Brady Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
8.55% below the market average8.55% below the market average8.55% below the market average8.55% below the market average8.55% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Price Trend
96.28% below the market average96.28% below the market average96.28% below the market average96.28% below the market average96.28% below the market average
92.45% below the sector average92.45% below the sector average92.45% below the sector average92.45% below the sector average92.45% below the sector average
Income Not Available
Growth
28.34% below the market average28.34% below the market average28.34% below the market average28.34% below the market average28.34% below the market average
40.59% below the sector average40.59% below the sector average40.59% below the sector average40.59% below the sector average40.59% below the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 1
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Brady Dividends

  Latest Previous
  Final Final
Ex-Div 23-Apr-15 23-Apr-14
Paid 19-May-15 20-May-14
Amount 1.85p 1.70p

Trades for 15-Nov-2019

Time Volume / Share Price
15:19 8,372 @ 11.65p
11:14 260 @ 11.65p
08:03 12,571 @ 11.60p
08:01 3,328 @ 12.50p

Brady Key Personnel

CEO Carmen Carey

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