Blancco Technology Group (BLTG)

Sector:

IT Services

Index:

FTSE AIM All-Share

 129.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 153.50
  • 52 Week Low: 87.50
  • Currency: UK Pounds
  • Shares Issued: 65.20m
  • Volume: 12,900
  • Market Cap: £84.10m

Blancco shares dive as CEO tenders resignation, effectively immediately

By Iain Gilbert

Date: Monday 04 Sep 2017

LONDON (ShareCast) - (ShareCast News) - Blancco Technology Group issued a profit warning on Monday alongside the announcement of its chief executive, Pat Clawson's, departure, effective immediately.
Blancco is primarily focussed on the supply of mobile device diagnostics and secure data erasure products and announced it would reverse £2.9m of revenues from two previously booked contracts.

The group said it now anticipated revenue from the year ended 30 June to be roughly 29% higher on the previous period, or 15% at constant currencies, with operating profits to be approximately £2.6m with adjusted earnings EBITDA to be in the vicinity of £4.1m.

Blancco said cash flow for the financial year ended 30 June would not be impacted.

Chief financial officer, Simon Herrick was tapped to take over from Clawson on an interim basis.

As of 1045 BST, shares had plummeted 26.80% to 74.20p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

BLTG Market Data

Currency UK Pounds
Share Price 129.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 153.50
52 Week Low 87.50
Volume 12,900
Shares Issued 65.20m
Market Cap £84.10m

BLTG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
32.76% below the market average32.76% below the market average32.76% below the market average32.76% below the market average32.76% below the market average
18.37% above the sector average18.37% above the sector average18.37% above the sector average18.37% above the sector average18.37% above the sector average
Price Trend
51.59% above the market average51.59% above the market average51.59% above the market average51.59% above the market average51.59% above the market average
50.94% above the sector average50.94% above the sector average50.94% above the sector average50.94% above the sector average50.94% above the sector average
Income Not Available
Growth
13.24% below the market average13.24% below the market average13.24% below the market average13.24% below the market average13.24% below the market average
38.61% below the sector average38.61% below the sector average38.61% below the sector average38.61% below the sector average38.61% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BLTG Dividends

  Latest Previous
  Interim Final
Ex-Div 11-May-17 03-Nov-16
Paid 16-Jun-17 07-Dec-16
Amount 0.70p 1.34p

Trades for 18-Nov-2019

Time Volume / Share Price
16:35 10,000 @ 129.00p
11:00 2,900 @ 130.00p

BLTG Key Personnel

CEO Matt Jones
CFO Adam Moloney

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