Tag: Brady

Brady Results Commentary

Brady PLC released its results today for the 6 months to June 30th 2017. The company did four license deals in H1 2017 on a recurring revenue basis  and recurring revenues are now 68% of total sales in H1 – up 8% on the 2016 period. It has full visibility over 93% of 2017 full year revenues which are expected to be in line with analyst expectations. Ian Jenks, Executive Chairman, commented: “We have continued to take actions this year to move the business towards a solutions model focussed on growing recurring revenue to improve the quality of our earnings.... continue reading

Brady Posts Interim Results

7th September 2017 Brady PLC (“Brady”, the “Company” or the “Group”) INTERIM RESULTS For the six months to 30 June 2017 Brady plc, the leading global provider of trading, risk management and settlement solutions to the energy, commodities and recycling sectors, is pleased to announce its interim results for the six months to 30 June 2017. Operational Highlights The business continues its transition from a one-off licence revenue model to a recurring revenue model; • Four new licence deals signed on a recurring revenue basis in H1; • Two new energy licence deals signed following strategic decision to build connectivity... continue reading

Brookfield Renewable Ireland Selects Brady plcs I-SEM Cloud Solution

Cloud-based solution to support meeting new wholesale electricity market requirements under the European Target Model to increase competition, security of supply and transparency London, 29th August 2017: Brady plc (BRY.L), a leading global provider of trading, risk management and settlement solutions to the energy, commodities, and recycling sectors, announced today that Brookfield Renewable Ireland Limited, a leading owner, operator and developer of wind assets in Ireland has selected Brady’s I-SEM Cloud solution for electricity trading and settlement in the new Integrated Single Electricity Market (I-SEM). I-SEM is a new wholesale electricity market arrangement for Ireland and Northern Ireland, designed to... continue reading

Dislocations and Adaptions

In our book and many different papers over the years, Patrick and I have talked about the evolution of C/ETRM software in terms of technology adoption curves and market dislocations. Some of you might be familiar with out model? The general idea is that the technology adoption curve for E/CTRM software keeps on getting ‘dislocated’ by sudden changes in the industry – Enron, Regulations, deregulation of markets, and so on.       The impact of these market dislocations is to stall the natural growth of the adoption curve creating a set of stranded products from smaller vendor who cannot... continue reading

Brady Invests For Growth

Brady PLC released its’ preliminary results on March 14th. 2016 saw the company increase revenues by 11% to 30.3m GBP (up 2% on a consistent currency basis), and grew recurring revenues by 24% while license revenues were down to 3.6m GBP to make a 500k GBP profit before exceptional items for the year and a 1.9m GBP after tax loss while adjusted EBITDA increased 85% to 4.5m GBP. 2016 was a difficult year for many vendors in the CTRM space in, one in which buyers focused on reorganizations, industry change, lower commodity prices, and rising costs. Against that backdrop, Brady... continue reading

Aspect Comes of Age

The last couple of years have not been exactly stellar when it comes to the fortunes of CTRM software vendors. In fact, I think it is probably accurate to say, they have been difficult. Commodity prices collapsed, buyers cut budgets, and were meanwhile inundated with sweeping regulatory demands – particularly in Europe. At the same time, markets continued to evolve and new issues manifested themselves in areas like an increased need for traceability, the rapid rise and impact of renewable generation not to speak of a good deal of political uncertainty following BREXIT and the election of a new President... continue reading

A Single European Market With A Single ETRM Solution?

I often have to field the question regarding ETRM software for European power and related commodities. What is the best commercial solution? The answer isn’t easy. European power markets have developed over time primarily as regional markets within countries or areas like the Nordics. As each market evolved and grew, the infrastructure and business processes also evolved echoing the local regulatory environment, type of generation assets, local supply/demand picture, and so on. Local exchanges created their own instruments, local RTOs and infrastructure bodies created their own systems with their own data formats and processing rules. In short, Europe was and... continue reading

Eka Software Names Sebastian Esposito as Vice President for North America

New position to support rapid growth of Eka’s CTRM, ETRM, Bulk Handling, and Commodity Analytics Cloud solutions in the region. Norwalk, Conn. – February 7, 2017:  Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, announced today that Sebastian Esposito has been appointed vice president for North America. Mr. Esposito is responsible for managing Eka’s expansion in the region. Eka experienced a significant increase in demand for its CTRM, ETRM, Bulk Handling, and Commodity Analytics Cloud solutions in 2016, opening two new offices in Canada and the United States to support this growth. “Sebastian has over... continue reading

GOP tax reform and what’s at stake for the oil industry

This blog post was written in collaboration with John Kingston, the Director of Global Market Insights for S&P Global. The U.S. still imports a lot of crude oil. It also now exports crude oil. It’s also the world’s biggest exporter of petroleum products. So any change in the country’s corporate tax system that has an enormous shift in the tax treatment of imports and exports is going to have the potential to impact oil flows, and by extension, oil markets. It’s a realization that is starting to spread through the nation’s oil industry as the inauguration of Donald Trump draws... continue reading

Current Dislocation Event will Change the Vendor Landscape

As 2016 winds down to a close, we are beginning to see the undeniable signs of the ‘dislocation event’ that has been occurring for the last 12 to 18-months. What is a dislocation event? Well the model was devised over a decade ago by us and is explained in great detail in our two books on ETRM software that can be purchased on Amazon. However, in short, when events create an environment of change and uncertainty in the market, procurement slows resulting in strains on the various vendors. The fall of commodity prices combined with rising costs and complexities (such... continue reading

It’s A Wrap! CTRM Conference 2016 Completed

The 2016 CTRM Conference was attended by the over 105 delegates who registered for the event last Thursday at the Amba Hotel, Marble Arch. Around 1/3rd of the delegates also got together the evening prior for a reception sponsored by Factum. Feedback from attendees was excellent and the 2016 CTRM Conference scored above 4 out of 5 across the board for venue, refreshments, agenda , presentations and roundtables. Most highly ranked was networking at over 4.5/5! Much of the feedback was in regards to the mix of people attending and how valuable it was both in terms of networking and... continue reading

Last Call!

The 2016 CTRM Conference will take place on October 27th at the Amba Marble Arch Hotel in London. While most conferences will cost a delegate in excess of 1000GBP to register for, we like to keep the prices to a level where it makes sense to attend. At 400GBP per head, the CTRM Conference is priced right. We have a strong agenda, great speakers and panelists as well as a wide and varied representation of the industry. We do have room for a few more however so don’t miss this event, register now! About CTRMConference The CTRM Conference is a... continue reading

CTRM Conference Roundtable Unmissable?

The first roundtable discussion at the forthcoming 2016 CTRM Conference should be something rather special as it is focused on “Critical Issues for CTRM Users in a Low Cost Environment.” The broad collapse in most wholesale prices, which began in earnest mid-year 2014, has resulted in a prolonged period of declining profits, declining trading volumes, bankruptcies in the up-stream energy markets, and a general malaise in the global wholesale commodity markets. Though low prices are a benefit for consumers, this period has been extremely challenging for many in the industry, particularly those that produce and trade energy commodities. It is... continue reading

Factum Ltd. Sponsors CTRMConference Opening Reception

Consulting company, Factum Ltd., has kindly agreed to sponsor the opening reception of the 2016 CTRM Conference in London on the evening of October 26th (The CTRM Conference takes place on October 27th). Factum Ltd’s mission is to partner with clients and transform their business from within. It realizes that for our clients to remain competitive in their market, it must employ its capabilities at the very core of their organization and ensure they continue to build on a solid foundation. It offers services ranging from change & transformation to documentation to its clients out of offices in the UK... continue reading

MRI, leading commodity trading house, extends its partnership with Brady for raw materials trading and risk management

London: Brady plc (BRY.L), the leading supplier of trading and risk management solutions for metals, recycling, energy and soft commodities, announced today that MRI Trading AG, a leading global trader of raw materials, has extended its partnership with Brady by selecting its latest fully integrated trading and risk management solution for concentrates, raw materials and their derivatives. MRI, with its main contracting centres in Switzerland and Singapore, has been a dominant player in metals and minerals trading for over 20 years, focused on physical non-ferrous concentrates trading (primarily in the areas of copper, zinc and lead).  MRI has established a... continue reading

Leading commodity trading house MRI, extends partnership with Brady

London, 10 October 2016 Brady plc, a leading supplier of trading and risk management solutions for metals, recycling, energy and soft commodities, announced today that MRI Trading AG, a leading global trader of raw materials, has extended its partnership with Brady by selecting its latest fully integrated trading and risk management solution for concentrates, raw materials and their derivatives. Read More... continue reading