WEEKEND WATCHLIST – Blancco (AIM:BLTG)

In this WEEKEND WATCHLIST I’m joined by Gareth Brown from Forager Funds to talk about Blancco (AIM:BLTG)

 

Here’s a recent quarterly report from Forager: https://foragerfunds.com/news/investor_resources/quarterly-report-both-funds-september-2021/

 

“Erasure software market leader Blancco (AIM:BLTG) reported its full year result. The second half was strong, as expected, with revenue up 19% despite a currency headwind. The Enterprise division, selling direct to large corporations, continues to shine, with second half revenues increasing 35% and important new business wins that should be recurring in nature. The ITAD division, which sells erasure licences to equipment recyclers, did better than we should expect longer term, with a surge of end-of-life hardware processing occurring post COVID. The mobile phone recycling division didn’t inspire, generating revenues the same as the prior year, but it should benefit significantly from the return to normal life.”

 

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