Market's view on Beeks Fin.cloud
Published on April 2024
- Stock watchers are seeking confirmation of a new significant contract that is not reflected in current management and broker forecasts.
- Expectations are set for the stock price to break 200p and then continue to rise.
- The connection with Johannesburg Stock Exchange (JSE) and South Africa-based Securities & Trading Technology (STT) should provide extensive coverage across the continent.
- Beeks Financial Cloud Group has entered into a strategic partnership with STT which could be a pivotal development for the UK financial services industry.
- Richard Penney from Crux Asset Management has expressed a bullish stance on Beeks.
- The largest shareholder is open to a trade sale at the right price, potentially in the range of 500m - 1bn.
- Discussions about the potential acquisition of Beeks by a larger company are ongoing.
- There is speculation on whether Beeks will start paying dividends as new contracts improve revenue and profits.
- Recent contract wins by Beeks are expected to sustain its positive trading momentum well into the future.
- There are claims of the company being a potential pioneer in cloud technology with expected skyrocketing profits.
- Concerns are raised over significant share sales by senior management, which might be linked to personal financial needs such as a divorce settlement.
- Institutional demand is noted, despite recent large stock sales by the CEO and CFO.
- The competitive landscape for Beeks includes major exchanges partnering with large tech firms for cloud services, though Beeks appears to retain a niche advantage.