Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
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So I am very pro-Newmark but this is an interesting read ahead of the AGM. That said I'll be voting against the directors renumeration at the AGM and questioning the company's statement that Marie-Claire uses "We aim to deliver sustainable value for our shareholders and our broader stakeholder community through our position in high-growth, specialist markets in data and security and our long-term outlook.". I have seen no sustainable returns in a lot of years with the business worth less and no longer giving me a dividend.
https://simplywall.st/stocks/gb/tech/aim-nwt/newmark-security-shares/news/should-shareholders-reconsider-newmark-security-plcs-lonnwt
From Paycor's earnings call yesterday.
The market is still in its early stages of growth, is highly defensible, & mission-critical.
And I love the name of the company's CFO: he sounds like a real Prince Charming ... :-
"Paycor HCM (PYCR) Q2 2023 Earnings Call Transcript
By Motley Fool Transcribing – Feb 8, 2023 at 11:00PM
... Rachel White -- Vice President, Investor Relations
Good afternoon, and welcome to Paycor's earnings call for the second quarter of fiscal year 2023, which ended on December 31. On the call with me today are Raul Villar, Jr., Paycor's chief executive officer; and Adam Ante, Paycor's chief financial officer. ... With that, I'll turn the call over to Raul.
Raul Villar -- Chief Executive Officer
Thank you, Rachel, and thank you all for joining us to discuss Paycor's fiscal second-quarter results. Paycor's modern open platform with differentiated tools for leaders in industries continues to resonate with clients and win in the market. Revenue grew 29% this quarter, driven by record bookings and ongoing PEPM expansion. Adjusted operating income margin increased by over 300 basis points year over year, and we believe there is significant opportunity to drive further expansion as we scale.
Based on these robust results and our optimistic outlook for the remainder of the year, we are once again raising our guidance, which Adam will discuss in more detail. Our go-to-market motion continues to deliver excellent results as we strategically expand sales coverage in Tier 1 markets, leverage influential broker relationships, and continue to grow our average deal size. ...
We offer the only modern cloud platform empowering frontline leaders to be more effective by providing the insights and tools required to source, attract, develop, and retain their employees. ...
Let me close by reiterating how confident we are about Paycor's outlook. The labor market remains tight as nonfarm payrolls continue to increase, job openings are at elevated levels, and workforce participation remains low
Modest changes in unemployment or job openings are unlikely to materially impact our business as most of our revenue growth is derived from new business, and the market is still in the early stages of adopting modern cloud-based HCM solutions. Furthermore, HCM is highly defensible as our value proposition is mission-critical to attracting, paying, and retaining great talent while also driving a compelling return on investment for our clients. ..."
https://www.fool.com/earnings/call-transcripts/2023/02/08/paycor-hcm-pycr-q2-2023-earnings-call-transcript/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
There is some basic house keeping that is needed to up our professionalism. Social media is unfortunately a requirement and we have two twitter accounts for one company, neither of which is being used.
If you are registered for https://www.investormeetcompany.com (it is free) you can access the video, and presentation including the Q&A. I was on a flight but watched it back yesterday. Unfortunately, it wasn't as slick as I would like to see the delivery, there is no real sell and Marie Claire lacks that engagement factor.
There is one slide which stood out in terms of predictions for the future.
2018 clocks 500 HCM revenue £0.9m
2019 clocks 3,000 HCM revenue £4m
2020 clocks 5,000 HCM revenue £5.9m
2021 clocks 7,000 HCM revenue £6.5m
2022 clocks 13,000 HCM revenue £8.7m
2023 clocks 22,000 (no revenue prediction)
2024 clocks 34,000 (no revenue prediction)
2025 clocks 54,000 (no revenue prediction)
This looks very promising
https://twitter.com/Grosvenor_tech
Sorry Dab, that was my mistake.
I was thinking that we were still in 2022, probably because the last two GT tweets were 1 Feb 2022 and 2 Feb 2022, and I was 'expecting' them to be new.
There were many tweets in 2021, but since those two last February they have dried up completely.
On another matter, unfortunately I'm wasn't free for NWT's Investor Meet company presentation at 10a.m. yesterday, but I would like to make the company's 28th. February investor presentation, even if I can't be in London in time for the AGM that day:-
Tuesday 28th. February 2023: Proactive One2One Investor Forum:-
https://www.proactiveinvestors.co.uk/register/event_details/419#
OMG. We have two accounts!
@grosvenortech
@Grosvenor_tech
I am still seeing nothing from 2023 on either.
"Paycor Announces Second Quarter Fiscal Year 2023 Financial Results
... Second Quarter and Recent Business Highlights
• Completed the acquisition of Talenya’s AI-powered recruiting technology, now Paycor Smart Sourcing, enhancing our industry-leading talent management solution and bringing our full suite of HCM solutions to $44 per-employee-per-month (PEPM).
• Introduced real-time employee insights and frontline leader effectiveness dashboards to the COR Leadership Framework. Our leadership survey gathers feedback on several aspects of how well these leaders coach, optimize and engage their team with the goal of tailoring career development and improving business results.
• Distinguished as a Top Workplace USA by Energage for the third consecutive year, which underscores Paycor’s continued commitment to exemplify the cultural best practices that impact associate engagement and business performance.
Business Outlook
Based on information as of today, February 8, 2023, Paycor is issuing the following financial guidance:
Third Quarter Ending March 31, 2023:
• Total revenues in the range of $155-$157 million.
• Adjusted operating income* in the range of $35-$36 million.
Fiscal Year Ending June 30, 2023:
• Total revenues in the range of $539-$545 million.
• Adjusted operating income* in the range of $75-$78 million.
*We are unable to reconcile forward-looking adjusted operating income to forward-looking loss from operations, the most closely comparable GAAP financial measure because the information needed to provide a complete reconciliation is unavailable at this time without unreasonable effort.
Conference Call Information
Paycor will host a conference call today, February 8, 2023, at 5:00 p.m. Eastern Time to discuss its financial results and guidance. To access this call, dial 1-877-407-4018 (domestic) or 1-201-689-8471 (international). The access code is 13735320. A live webcast and replay of the event will be available on the Paycor Investor Relations website at investors.paycor.com.
About Paycor
Paycor’s human capital management (HCM) platform modernizes every aspect of people management, from recruiting, onboarding, and payroll to career development and retention, but what really sets us apart is our focus on leaders. For more than 30 years, we’ve been listening to and partnering with leaders, so we know what they need; a unified HR platform, easy integration with third party apps, powerful analytics, talent development tools, and configurable technology that supports specific industry needs. That’s why more than 30,000 customers trust Paycor to help them solve problems and achieve their goals."
https://investors.paycor.com/news-releases/news-release-details/paycor-announces-second-quarter-fiscal-year-2023-financial
Paycor's company outlook is very bullish, and its expanding margins and high level of recurring revenue strongly support this confidence:-
"Paycor Announces Second Quarter Fiscal Year 2023 Financial Results
February 8, 2023 at 4:15 PM EST
• Q2 Total revenues of $132.9 million, an increase of 29% year-over-year, while expanding margins
• Q2 Recurring revenue of $125.0 million, an increase of 22% year-over-year, and the fifth consecutive quarter of achieving our long-term target of sustainable 20%+ revenue growth
• Raises FY’23 revenue and Adjusted operating income guidance $11 million and $10 million, respectively, year-over-year at the top end of the range
CINCINNATI, Feb. 08, 2023 (GLOBE NEWSWIRE) -- Paycor HCM, Inc. (Nasdaq: PYCR) (“Paycor”), a leading provider of human capital management (“HCM”) software, today announced financial results for the second quarter of fiscal year 2023, which ended December 31, 2022.
“Paycor produced excellent second quarter results highlighted by 29% revenue growth year-over-year, which reflects continued demand and product innovation,” said Raul Villar, Jr., Chief Executive Officer of Paycor. “We continue investing to differentiate our HCM suite and client experience while delivering margin expansion for the third consecutive quarter as we scale the business.”
“We are committed to empowering frontline leaders to build winning teams through insights and automation so they can focus on the key elements that drive business performance. This quarter we completed the acquisition of Talenya, which leverages AI to simplify and streamline candidate sourcing, and launched a programmatic way to measure and enhance leader effectiveness. Finding and retaining talent remains a top challenge for our customers and we are encouraged by the robust demand for our advanced talent acquisition solutions.”
Second Quarter Fiscal Year 2023 Financial Highlights
• Total revenues were $132.9 million, compared to $103.1 million for the second quarter of fiscal year 2022.
• Operating loss was $31.6 million, compared to $33.8 million for the second quarter of fiscal year 2022.
• Adjusted operating income* was $17.6 million, compared to $10.3 million for the second quarter of fiscal year 2022.
• Net loss attributable to Paycor HCM was $27.5 million, compared to $25.5 million for the second quarter of fiscal year 2022.
• Adjusted net income attributable to Paycor HCM* was $13.6 million, compared to $8.0 million for the second quarter of fiscal year 2022.
*Adjusted operating income and adjusted net income attributable to Paycor HCM are non-GAAP financial measures. Please see the discussion below under the heading "Non-GAAP Financial Measures" and the reconciliations at the end of this press release for information concerning these and other non-GAAP financial measures. ..."
https://investors.paycor.com/news-releases/news-release-details/paycor-announces-second-quarter-fiscal-year-2023-financial
Paycor HCM(NASDAQ: PYCR), Grosvenor Technology's largest North American partner, announced its second quarter results yesterday, after close of the US markets.
The great news for NWT is that the results are stunning, surpassing estimates by quite some margin.
And the PYCR stock price was up nearly 9% after hours:-
26.75 +2.20 (+8.96%)
After hours: Feb 8, 04:52PM EST
https://finance.yahoo.com/quote/PYCR?p=PYCR&.tsrc=fin-srch
"Paycor HCM, Inc. (PYCR) Q2 Earnings and Revenues Surpass Estimates
Zacks Equity Research
Wed, February 8, 2023 at 11:15 PM GMT
Paycor HCM, Inc. (PYCR) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this company would post earnings of $0.03 per share when it actually produced earnings of $0.05, delivering a surprise of 66.67%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Paycor HCM, Inc. , which belongs to the Zacks Internet - Software industry, posted revenues of $132.86 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 4.29%. This compares to year-ago revenues of $103.07 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Paycor HCM, Inc. Shares have added about 4.5% since the beginning of the year versus the S&P 500's gain of 8.5%.
What's Next for Paycor HCM, Inc.
While Paycor HCM, Inc. Has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. ..."
https://finance.yahoo.com/news/paycor-hcm-inc-pycr-q2-231511036.html
"Follow us"
"Part of the Newmark Security Group"
https://www.grosvenortechnology.com/support/
I see that the Grosvenor Technology website (now) has links to the NWT website, apparently from every page.
Did I miss seeing them before, or have they just recently been added?!
And above that there are links to GT's Twitter & LinkedIn pages:-
https://twitter.com/Grosvenor_tech
https://www.linkedin.com/company/grosvenor-technology/
GT seem to be tweeting quite regularly: there have been two this month, & many from last year.
Though I still can't see any links from NWT'S website to GT's & Safetell's.
" ... Why Grosvenor Technology for Access Control?
... Since then, Grosvenor Technology has developed into a leading innovator in the security sector, serving hundreds of enterprises across the globe with our access control software and hardware and first-class customer support. ..."
HTTP://www.grosvenortechnology.com/insights/uk-access-control-market-share-predicted-to-double/
I wonder how much non-UK business GT's access control arm does?
For GT's HCM (human capital management) arm, NWT's accounts give a geographical breakdown between HCM North America (or US), and HCM Rest of World.
With the former accounting for over 76% of HCM revenues in the latest half year.
But for GT's access control arm, no such geographical breakdown is given.
The impression I get though is that GT's access control revenues are still quite heavily domestically weighted compared to its HCM revenues.
If so, then that could potentially represent a major overseas expansion opportunity for GT's access control business.
http://www.grosvenortechnology.com/insights/uk-access-control-market-share-predicted-to-double/
An impressive access control case study from GT's website: a project for ADNOC (the Abu Dhabi National Oil Company), the world's 12th largest oil company by production:-
"Case Studies | Education
Rapid Deployment for ADNOC School
ADNOC, the Middle East’s largest oil and gas supplier, built the village of Ruwais from what was formally a desert. This created a community for their employees in what is one of the world’s largest industries. Within this complex sits the ADNOC school, a facility built to educate the families of employees.
Grosvenor’s access control system has been rolled out across the entire school, with 90 readers, 50 controllers and over 5,000 access cards supplied to the students and staff combined. The access control system was installed by SIBCA and supported by Grosvenor Technology’s technical excellence at specification stage. Close collaboration between the two organisations ensured the access control hardware was installed quickly and efficiently. The IP-based architecture suited the modern method of construction used, allowing the system to be swiftly deployed using the building’s existing PoE Cat 5 cabling. The utilisation of the buildings existing infrastructure reduced cost and ensured ADNOC School’s finite build process stayed on track.
An Evolving Solution
With its ability to integrate into most third-party hardware, Grosvenor Technology’s access control system can drive down energy costs by controlling most BMS functions, including HVAC and lighting.
With a fresh group of students enrolling every year, it was important that the administrative process was as efficient as possible. The system allows administrators to define a persona for a common occupant and their typical access rights for enrollment. Applying standardised access rights to the majority of the students drastically reduces the time taken to induct students at the start of each academic year. Students and staff members are issued an ID card with all of their access rights contained in this one solution. The cards are not limited to accessing the building either; in time, as the community develops, it will allow cashless vending and students to board buses without the need for a pass.
“The construction process had very tight deadlines, so it was important that the access control system could be installed in no time at all. Grosvenor was able to provide valuable support, ensuring staff were empowered to administrate, secure and reduce running costs before the first day of school.”
– Richard Pearson – Group Technical and Service Director, SIBCA"
https://www.grosvenortechnology.com/case-studies/rapid-deployment-for-adnoc-school/
Grosvenor Technology's access control credentials are impressive indeed, and they look to have positioned themselves superbly to service the evolving and growing nature of this market.
And as ‘Access Control as a Service’ has multiple benefits, it's no surprise that this is forecast to grow particularly strongly.
These benefits are outlined in this useful article by American company CEC:-
"Access Control as a Service: 7 Benefits You Need to Know
Access control isn’t a new technology—it’s used in all types of buildings to regulate who can enter (and where). But did you know there’s a new way to deploy access control within your building or on your campus?
Most organizations are familiar with traditional (on-premises) access control systems. With these systems, all the hardware, software, and other equipment are installed and maintained at your physical location.
Access control as a service is a newer option that’s attracting lots of attention. Why? Because it opens doors to many valuable benefits. Since it’s cloud-based, the software and servers are removed from your physical location and stored offsite while the hardware remains onsite.
When might access control as a service be a good fit? Consider these seven benefits to see if any of them address your security, budget, or time-management challenges.
1. Don’t Worry About Outdated Software ...
2. Cross Maintenance Off Your To-Do List ...
3. Grow or Streamline as Needed
4. Manage and Control the System Remotely
5. Catch Anomalies Early
6. Easily Roll Out Mobile Credentials
7. Save Money ... "
https://cecinfo.com/cec-blog/blog-homepage/access-control-as-a-service/
"UK Access Control Market Share Predicted To Double
... Cloud-based platforms
Increasingly, businesses want to take advantage of the many advantages offered by cloud-based platforms. Running your access control on a cloud platform will allow your business complete visibility over multiple sites and access across numerous devices. You’ll also get real-time insights and data, allowing you to make informed decisions and automatically rolled out updates, meaning no access control downtime.
There has also been a sharp rise in demand for ‘Access Control as a Service’, which companies rely on to operate their access control technology systems. It is suitable for all estates, from single doors to multiple sites. Globally, the value of the Access Control as a Service market is predicted to hit $2.1 billion by 2027, with a CAGR of 14.7% from 2022 to 2027, according to Lucintel.
Biometric technology
Biometrics, such as facial recognition and fingerprint scanning, have evolved from a niche product into a widely used technology in the business and consumer worlds. Biometrics have long been utilised in highly sensitive environments, such as government and military settings, but are now used across all types of businesses and enterprises for identification and authentication purposes. The widespread use of smart devices has also made access control technology far more accessible over the last decade.
Wireless access control
Previously, installing an access control system would have meant installing reams of wiring and expensive maintenance costs. Now, businesses and other enterprises can introduce a wireless system that requires minimal installation and upkeep. According to Emergen, “increasing adoption of wireless access control systems is driving market growth revenue.”
Why Grosvenor Technology for Access Control?
Very few businesses have the pedigree and expertise of Grosvenor Technology in the Access Control space. Access control is in our DNA; we were the first UK manufacturer to offer an Access Control front-end in a Windows environment.
Since then, Grosvenor Technology has developed into a leading innovator in the security sector, serving hundreds of enterprises across the globe with our access control software and hardware and first-class customer support.
Our Janus C4 hardware is entirely scalable, making it ideally suited to any setting, from single-door security to large-scale deployments. The innovative blade control means you can manage up to eight doors from a single controller, reducing the footprint significantly. Janus C4 is an end-to-end solution with software that unifies your security management needs and delivers real-time data and insights. And with plug-and-play technology, you can readily integrate the Janus C4 into existing security systems. To find out more about Janus C4, click here."
https://www.grosvenortechnology.com/insights/uk-access-control-market-share-predicted-to-double/
Another useful article by Grosvenor Technology's MD, this time about GT's access control line of business:-
"Insights | Access Control
UK Access Control Market Share Predicted To Double
The UK Access Control sector is being driven by data legislation, quantum leaps in tech, and the ease of wireless systems.
Colin Leatherbarrow
Managing Director
Tightening data legislation, strides in tech, and the simplicity of adopting wireless systems have been driving forces behind the innovation and growth of the UK Access Control sector.
It has never been more crucial for enterprises to have complete control over their facilities. Whether it’s just one office or many locations throughout the continents, access control systems enable organisations to easily control who is entering and leaving their sites, increasing security for sensitive areas and managing flows through buildings.
The Access Control market is a linchpin in the broader electronic security market. According to figures released last year by Market Research Future, its value will rise to more than $21 billion by 2030. It’s thought that the Access Control sector will grow across all major markets throughout the next decade, and the UK is no exception.
As well as benefitting from the increased use of wireless control systems and the proliferation of IoT-based security systems, a report released in July 2022 from Emergen Research noted:
“The European market is expected to register a significantly steady revenue growth rate for the forecast period. The UK Data Service offers three degrees of data access, which will drive market revenue growth in this region.
Users must register to access protected data under end user license and their consent to a number of terms, including prohibition on disclosing any identifying or private information of people, households, or organisations and prohibition on using the data to seek out information, particularly about an identifiable individual. This is expected to increase demand for access control systems substantially.”
As the research outlines, stringent data protection laws are driving expectations for access control hardware and software in the UK. But other industry trends are also having an impact including: ..."
https://www.grosvenortechnology.com/insights/uk-access-control-market-share-predicted-to-double/
Where America leads, the world tends to follow, and this looks to be the case in the Human Capital Management (HCM) market.
And NWT, with its significant HCM business in America, combined with its UK base, looks ideally placed to capitalise upon this opportunity.
Which could also make it very attractive takeover target for a US predator wishing to expand internationally.
"HCM Building Global Momentum
... Middle East and Africa
According to Fortune Business Insights, ample opportunities to tap into several thriving economies in the Middle East & Africa will present over the coming years. In its HCM forecast covering 2022-2029, it outlined the following:
“The Middle East & Africa is projected to experience significant market opportunities during the forecast period. According to the World Bank collection of development indicators in 2018, the Middle East, Africa, and North Africa reported 85.5% literacy rate. This figure represents that the region poses potential job opportunities that are expected to boost the adoption of advanced HR tools across the region.
“The rising adoption of advanced technology such as AI, cloud, and analytics-enabled solutions by organisations is likely to exhibit substantial opportunities to implement advanced HR solutions in the region. For instance, in July 2021, Office Depot Europe incorporated Oracle Fusion Cloud solutions to transform HR processes and support the rising workforce. Thus, digital transformation across the region creates new market opportunities.”
Grosvenor Technology blends over three decades of engineering know-how with innovative development and technology. Our range of human capital management hardware is complemented by our outstanding software partners. The combination of our products and first-class support will enable your business to be more productive, cost-effective and provide a greater employee experience. To discover more about our HCM solutions, click here."
https://www.grosvenortechnology.com/insights/hcm-building-global-momentum/
"HCM Building Global Momentum
... Asia Pacific
Asia Pacific is undoubtedly a market to monitor as it’s on the cusp of rapid adoption of HCM solutions. There’s particularly strong demand from China, Japan and India. A report from ResearchAndMarkets predicts that the region will experience an impressive CAGR growth of 8.1% from 2022-2028, likely steered by changes in the makeup and demands of its major economies.
“In the future years, the rising number of start-ups and the adoption of new technologies like Industry 4.0, data analytics, cloud technology, and artificial intelligence will necessitate a trained and talented workforce in the APAC region. Thus, the requirement for human capital management solutions in the region is predicted to rise as a result of managing and hiring suitable professionals.”
APAC has two of the world’s fastest-growing economies – China and India – with millions of manufacturing and service sector jobs expected to arise in the near future. This will increase the requirement for human capital management tools and technologies.
The Polaris Market Research HCM report provides the following insight for 2022-2030: “Asia Pacific is expected to witness a high CAGR in the global human capital management market. Large numbers of HCM vendors and the rising usage of cloud-native technologies drive growth in the region.
“The major countries are witnessing massive investments in market verticals such as BFSI, retail, healthcare, manufacturing, telecommunication services, and IT, resulting in Asia countries’ economic growth. The market in the Asia Pacific is expected to be driven by organisations’ increasing adoption of industry 4.0, data analytics, and cloud computing.”
South America
The traditional economic powerhouses are at the helm of the surge in South American HCM demand. An Envision Intelligence report released in September 2022 looking at HCM in the region over the six years, ranging from 2022-2028 notes: “The consumer goods sector and retail are growing rapidly regarding technological advancements, customer needs, and employment.
“The HCM market is emerging in South America due to the introduction of new cloud technologies in countries like Brazil and Argentina, making them more technologically advanced. The reason the HCM market is evolving is due to the release of new software and better data analytics tools.” ..."
https://www.grosvenortechnology.com/insights/hcm-building-global-momentum/
More from the website of Grosvenor Technology, NWT's Human Capital Management (HCM) and access control subsidiary: another excellent article by GT's MD:-
"Insights | Human Capital Management
HCM Building Global Momentum
Grosvenor Technology rounds up the fortunes and forecasts for human capital management around the world
Colin Leatherbarrow
Managing Director
Here at Grosvenor Technology, we’ve rounded up the forecasts for human capital management growth worldwide.
Over the coming decade, the rapid acceleration of the Human Capital Management (HCM) market will be primarily driven by the advances and adoption of technologies like automation and AI in the HR space and the shift to cloud-based solutions.
Let’s look at how major global markets are responding to the market uptick.
Europe
Human Capital Management applications have demonstrated demand in recent years across Europe, and the continent is now a significant growth area. Its sharp rise is the result of the transition to cloud-based software and solutions. As with most regions, European enterprises are embracing a digital transformation in readiness for the future. The ability to unify and streamline HR functions and the real-time information and longer-term insights cloud platforms has proven to be a compelling offering.
A report from ResearchAndMarkets demonstrated the dominance of the German market throughout 2021, which is projected to maintain its position in the coming years. The report suggested that the market value of the German HCM sector will achieve $2.35 billion by 2028.
“The UK market is experiencing a CAGR of 6.3% during (2022-2028). Additionally, the French market is expected to showcase a CAGR of 8% during (2022-2028),” it added. As a whole, the European Human Capital Management market is tipped to achieve market growth of 7.2% CAGR from 2022-2028.”
Conversely, market analysis from Data Bridge found that in 2021, “The UK accounted for maximum share in the European human capital management market, as large numbers of HR software providers are present in the region and more start-ups are being established.
“Germany accounts for the second largest market as the region has high growth in the manufacturing industry that has a large workforce which requires HCM software for talent management and other HR activities.” ..."
https://www.grosvenortechnology.com/insights/hcm-building-global-momentum/
GT looks to have located its new US HQ shrewdly, avoiding the most expensive locations, but with top-notch accessability.
And the trebling of space further demonstrates that this business is growing like Topsy, and with plenty more to come:-
"Insights | Company News
Grosvenor Powers Up with Strategic Office Move
Grosvenor Soars to New Heights with its new Florida Headquarters: In-House Fulfillment, Total Control, and a Growing Team at the Ready
Colin Leatherbarrow
Managing Director
Get ready for GT Clocks’, our American brand, game-changing move to its new Florida headquarters! Located in Cooper City and accessible from both Fort Lauderdale and Miami airports, this state-of-the-art office boasts three times the space of its previous location. With in-house warehousing and customer order fulfilment now at the team’s fingertips, they’ll have full control over operations and delivery. And that’s not all – new team members are joining the GT team to keep up with growing customer demand and the exciting expansion of their product offerings.
Brian Hack, VP of Operations, commented:
“With demand reaching new heights, our brand-new headquarters will power us to even greater success. By taking control of our operations, we’ll have an eagle-eye view of fulfilment, guaranteeing fast delivery and the unparalleled level of service our customers know and love. This is a pivotal moment in our growth journey, and we can’t wait to see what the future holds.”
With decades of hands-on experience, our cutting-edge technology is developed and distributed from our UK headquarters and supported by our Florida office and teams worldwide. Our unparalleled expertise in the field allows us to continually revolutionize the industry with innovative hardware and software that prepares you for today and the future. Trust us to deliver responsive customer support, in multiple languages and across all time zones, as we help you manage your human capital and secure your assets on a global scale.
Unlock the full potential of your workforce and safeguard your success with GT – a global leader in human capital management (HCM) solutions and access control. Explore the full range of products and services from GT here."
https://www.grosvenortechnology.com/insights/grosvenor-powers-up-with-strategic-office-move/
"Taking on America could be the best move your business makes
Chris Manson August 14, 2019 3 mins
Building a business in your home market is no easy feat. But it’s nothing compared to trying to make it big in the United States.
Business is all about risk and return. However, minimising the downside risk of new ventures, whilst ensuring your company can accrue maximum benefit.
Why America
The United States is a thriving and growing market.
It loves British goods and services. It’s also the world’s largest economy, accounting for 25% of global GDP. Furthermore, it’s the number one export market for UK companies by some considerable margin.
That is a lot of potential upside for UK businesses. However, this does not automatically make it a ‘slam dunk?, as not every company will be successful.
Exporters beware…
Expanding to America is a challenge, but it is also one that it is worth UK companies taking on. The best way to reduce business risk is to learn from the experiences of those who have gone before. ...
Many can be attracted to the bright lights, glitz, and glamour of New York, Los Angeles or Miami for example. However, in reality, these locations might not be a good fit and of course, they are super expensive markets.
This can lead to expensive mistakes. UK companies should consider what might be considered to be tier two locations. Competition may be less intense, and the legal framework might work better for you. ..."
https://realbusiness.co.uk/taking-your-business-to-america
Let's see if we get some new investors tomorrow on the back of the presentation this evening. Fingers crossed they see the value and we can push higher. I really can's see many sellers between here are 75p, there might be a few happy to get out but who'd want to let the significant chance of a big multi bagger go cheap when the turn around looks so strong.
23rd Jan 2023 7:00 am RNS Final Results
"... Looking ahead, we will continue to build on the positive momentum we have achieved in Human Capital Management and Access Control, focusing on converting a rising number of opportunities in these fast-growing markets with our newly developed products and software. Our goal, to create longer-term and higher margin contracts with our partners and customers, will be accelerated as we launch our upgraded HCM SaaS platform, GT Connect. This will further increase recurring revenues, driving towards an ambitious ARR target. A key component of this success will be achieved by maintaining our ongoing commitment to deliver highly secure data processing, complying with international standards such as ISO 27001.
To mitigate further supply chain effects and logistics, we are exploring the establishment of a new manufacturing facility in North America, with the intention of streamlining the delivery of in-country products in this fast-growing market. ..."
https://www.lse.co.uk/rns/NWT/final-results-fjybevmguogyzsg.html
NWT are obviously very bullish on their North American growth outlook, to be exploring the establishment of a new manufacturing facility in North America.
And as you have observed Dab, this could dovetail perfectly with a spin-out floatation of GT in America.
This is precisely the sort of capital investment that IPO investors love to fund, as opposed to just covering ongoing losses, especially in the current risk-averse environment.
dab808 Posts: 110 Price: 44.00 No Opinion
RE: Annual report is out 30 Jan '23
" ... We should be telling the market that what was £14m in GT last year has an outlook of £18m this year, £24m in 2024. Plus a Safetell strategy play moves it from decline to growth. These numbers are all made up DYOR etc but this is not the same story and with my holding I'm keen the management tell, tell, tell. ..."
Dab,
Those numbers looks reasonable to me.
Here is a turnover figures breakdown for Grosvenor Technology, NWT's Human Capital Management (HCM) and access control subsidiary:-
• Turnover £14.559M. in year ended 30.4.22: £7.129 H1, £7.43M. H2.
- Of which £8.726M. is North American HCM: £4.209M. H1, £4.517M. H2.
• Turnover £8.415M. in half year ended 30.10.22.
- Of which £4.875M. is North American.
So GT looks well on course to exceed £10M. in North American HCM revenues in its current year, ending 30.4.23, with perhaps c. £18M. total GT revenue.
With NWT's Safetell subsidiary revenues adding a further c. £4.5 - £5M., to give perhaps c. £22.5 - £23M. of NWT Group revenues for the year ending 30.4.23.
"Paycor & Grosvenor Technology: A Powerful Pair
" ... The Grosvenor Technology team is an amazing partner. The collaboration and communication as we worked on the development of our software was great. ..."
http://www.grosvenortechnology.com/insights/paycor-grosvenor-technology-a-powerful-pair/
For GT to be praised as an "amazing partner", by a multi billion pound cap. company, is quite an endorsement.
And their are plenty of other top testimonials from customers featured on GT's website too.
Here is a selection of these:-
• "Improves accuracy and cuts administrative time
We relied on Grosvenor Technology's hardware to help us deliver a solution that improves accuracy and cuts administrative time substantially every game day."
Tracy Inc
President
• "A solution that is pretty close to perfect
We strive for compliance; it is one of the base level requirements we provide for our customers. It has to be bulletproof and in partnership with the GT services team, using their GT Connect services, we think we have come up with a solution that is pretty close to perfect."
Insperity Time & Attendance
VP of Operations
• "We found the magic bullet
When we were evaluating time and attendance clocks to partner with out software, we literally believe we found the magic bullet in the Grosvenor Technology range of products."
Ban-Koe
Director
• "Saved cost and effort beyond what we had projected
We were very impressed with the Professional Services consultancy offered by Grosvenor Technology that ensured all parties received a solution that matched the specification required, and in the case of Credential Evaluation - even saved cost and effort beyond what we had projected."
Tata Steel Europe
Group Information Services
• "The entire installation was much more cost effective
It was clear that Grosvenor offered a platform that would provide additional functionality as the organisation grew, rather than starting over each time Misco required new features. The hardware was easy to deploy and the entire installation was much more cost effective and intuitive than what came before."
Sonic Security Services Ltd
Surveyor
• "Reduce running costs
The construction process had very tight deadlines, so it was important that the access control system could be installed in no time at all. Grosvenor was able to provide valuable support, ensuring staff were empowered to administrate, secure and reduce running costs before the first day of school."
SIBCA
Service Director
• "Makes employee enrolment a breeze
The new clocks are much easier to maintain, make employee enrolment a breeze, and decrease clock in/out time for quicker processing during shift change. The remote interface gives you the ability to access the clocks at any time and allows full control of the clock allowing diagnostics as well as virtual tutorial for employees that are off-site."
ERMCO ECI
VP of IT
https://www.grosvenortechnol
Britain's reputation for quality products is well-deserved, and Grosvenor Technology is shrewdly using this as one of its sales points.
Which looks to be serving GT well in its US expansion, where is is achieving some handsome success.
Or should I say some 'Hanson' success:-
"A company from here doing rather well over there."
http://news.bbc.co.uk/1/hi/business/3973543.stm
"Why Grosvenor
Assured Quality & Security
Our commitment to producing high-spec products matches our dedication to security, as reflected by our ISO 27001 certification.
British Manufacturer
Our products are developed here in the UK, so you can be assured of our commitment to quality.
Resilient Products
Designed to withstand high-footfall, always-on environments, you can rely on the longevity of our solutions.
Expertise Where It Counts
The vast experience of the team means that our products are proactively developed with security at the forefront.
Support When You Need It
From hands-on training to on-site tech support, with Grosvenor Technology your business is safe with us.
Part Of Your Team
Working alongside you means that we can adapt and tailor our products to suit your environment and industry. We know that by working together, we can create a secure tomorrow."
https://www.grosvenortechnology.com/