BLANCCO TECHNOLOGY GROUP PLC (BLTG)

BLANCCO TECHNOLOGY GROUP PLC (BLTG)

Previously known as:
Previous Name: Regenersis
Previous TIDM: RGS

Seminars

ShareSoc Technology Seminar, London, October 2013

Click here for Stockopedia reports.  

Blog posts

Financial Ombudsman and FCA considered lacking, plus defective Insolvency Regime

The views expressed in this article are those of its author and not necessarily those of ShareSoc. The stock markets are in turmoil now everyone is back from their holidays and facing up to the realisation that with high inflation and looming recessions the stock market may not be the best place to be for investors. I have moved more into cash and more defensive shares but cash is not the place to be for very long when inflation is eroding its ...

Blancco Campaign Update #4

Campaign members will recall that the restatements of the Blancco accounts for year ending June 2016 and other accounting corrections led to a loss of over £135 million in shareholder value. The previous CEO exercised Stock Appreciation Rights prior to the disclosure of these restatements. ShareSoc referred these issues to the Financial Conduct Authority in January 2018 and, as far as the audit by KPMG was concerned to the Institute of Chartered Accountants for England & Wales (ICAEW) in February 2018. ICAEW ...

Blancco Campaign Update #3

Campaign members will be aware that Blancco has published its Report and Accounts for year ending June 2019. They show an improved performance and positive cash flow. As ever,...

Brexit Bounce, Green Accreditation, Security Issues and Hargreaves Lansdown AGM

The FTSE and my portfolio jumped up this morning (11th October) on the hope of a Brexit Agreement after all. RBS is up 16% which seems to be a...

Blancco AGM and Regulatory Landscape

Today I attended the Annual General Meeting of Blancco Technology Group (BLTG). This technology company is now focused on the data erasure market which is surely a growing one. I have commented on this company before (see links below), particularly as the company, and its shareholders, seemed to be a victim of false accounting – an issue that is way too prevalent of late. The legal framework under which companies, their directors and the regulatory bodies operate just seems to be too ...

LSE General Meeting and Blancco AGM

I attended two company general meetings on the 19th December (I hold a trivial number of shares in each). Here’s a brief report on events, with the later one...

Johnston Press, Blancco Technology and Intercede

Companies in difficulties always make for interesting reading, and here’s a brace of them. Firstly Johnston Press (JPR), a publisher of newspapers. That includes many local ones but also the Yorkshire Post and the Scotsman who cover national business news – the latter is particularly good on the travails of those big banks registered in Scotland such as RBS and Lloyds. The company had more operating losses than revenue last year, debt is way too high and dividends have been non-existent for ...

Blancco Technology Group and Corporate Governance

I attended the AGM of Blancco Technology Group (BLTG) yesterday (29/11/2016). The Government announced a review of Corporate Governance yesterday but is it not surprising that companies cannot get...

ShareSoc Technology Company Seminar Report – Armour, Ideagen and Regenersis

A full report (and copies of the presentations) on the ShareSoc Technology Company Seminar has been posted to the ShareSoc Members Network here. Companies presenting were Armour Group, Ideagen and Regenersis and one presenter said his company was a “potential ten bagger” which might have been somewhat injudicious, but you’ll need to read the report to find out which. Roger Lawson

AGM Reports

Blancco (BLTG) 2017 AGM report

Blannco is an AIM listed software company that specialises in data erasure and mobile phone diagnostics. It transmogrified from a business named Regenersis which was into hardware repair and there were changes of management and restructuring when that happened. The meeting was chaired by Rob Woodward with about a dozen, mainly disgruntled, private shareholders present. The reason for their unhappiness is no doubt the substantial losses reported in the last three years (£4.3 million in the year ending June 2017) compounded by the ...

Blancco Technology Group (BLTG) AGM Report 2016

Blancco Technology Group (BLTG) held its Annual General Meeting yesterday (29/11/201) and here is a brief report on it. The meeting was held in the City of London at 12.00 noon, with I would estimate only about half a dozen independent shareholders attending. Blancco used to be called Regenersis and was in the electronic hardware repair business in essence. This was not the kind of business I like to invest in because there are few barriers to entry and neither was I ...

ShareSoc News

Blancco Update and Campaign Closure

BLANCCO (BLTG) We have closed this campaign as at 12 May 2022. The campaign achieved one objective of a fine of the auditors KPMG. However, the derisory amount (£3,500 plus costs of £2,743) questions whether the scale of the offence was fully recognised/punished by the regulator, the ICAEW. At the December 2020 Blancco AGM, the Chairman, Rob Woodward said that: * The FCA had posed a number of questions to the Company * The Company had answered those questions * The Company was never advised that ...

ShareSoc Requests Investigation into the Affairs of Blancco Technology Group

Press Release 101 - ShareSoc Requests Investigation into the Affairs of Blancco Technology Group ShareSoc (the UK Individual Shareholders Society) is requesting the Financial Conduct Authority (FCA) and the Financial Reporting Council (FRC) to investigate certain issues concerning Blancco Technology Group plc (BLTG), an AIM listed software company specialising in data erasure. Shareholders in the company have been financially devastated by the collapse in the share price following the reporting of several accounting issues at the company. As a result the share price ...