David Collins

5 Comments

    • The Long Case for Ebix [view article]
      EBIX Q2 EPS of $1.62; 1H EPS of $3.01; declares 3-1 Split.

      Company seems unstoppable...

      DCC       Aug 01 11:47 AM
    • Is the Party Over for Indian Outsourcers? [view article]
      The party IS NOT OVER for this Indian software developer focused on the insurance industry.

      EBIX, Inc. (NASDAQ: EBIX) reported record results of $0.75 per share for Q2 2007. Subsequent to that report they discussed a major new contract in their conference call and then disclosed it in an 8-K:


      In a conference call with investors on August 7, 2007, Robin Raina, Chief Executive Officer of Ebix, Inc., (the “Company”) disclosed that the Company’s subsidiary, Infinity Consulting Systems, Inc., had recently executed licensing and professional services arrangements with Princeton Insurance Company and WRM America. These agreements, taken together, could provide revenue between $6.6 million and $10.3 million for the Company over the next two years.       Aug 08 10:01 AM
    • AccessIT Is Starring in the Analog-to-Digital Cinema Revolution [view article]
      "…Both are major players in the analog world who could be big losers in the transition to digital, as will be Ballantyne, a leading producer of analog projectors."

      I just wanted to remind Mr. Shonfeld and readers of his blog entry that Ballantyne (AMEX: BTN), a company I represent in its IR effort, is in fact well positioned to participate in the "Analog-to-Digita... Cinema Revolution" via its master reseller agreement with NEC for NEC's digital cinema projectors. Further, Ballantyne has launched a digital cinema services business - Strong Technical Services - via an acquisition it completed in June '06, that will enable the company to offer maintenance and service to digital projector owners. Currently, Ballantyne’s existing analog projector business is profitable and cash flow positive at current sales levels; and management is committed to actively managing that business segment – and its cost structure - through the adoption curve of digital cinema.

      Given Ballantyne's deep customer relationships and the breadth of its installed base of traditional projection equipment across North America (well in excess of 50% of N.A. screens are outfitted with BTN analog projection equipment), we believe BTN has an excellent platform from which to pursue this new growth opportunity. And there appears to be plenty of opportunity for projector providers and service providers to coexist in harmony as the digital revolution takes hold.

      Importantly, Ballantyne has no long term debt and had over $20 million in cash/equivalents and 14 million diluted shares outstanding at 9/30/06.

      Please consult Ballantyne’s website www.ballantyne-omaha.c... and the company’s SEC filings to learn more about Ballantyne, its recent results and developments and to also review the risks and uncertainties inherent in its business, which could impact the companies ability to successfully pursue the digital cinema marketplace and achieve the forward looking comments made above.

      Delayed quote and other background: finance.yahoo.com/q?s=...

      David Collins
      btn@jcir.com       Nov 27 01:18 PM
    • The Long Case for Ebix [view article]
      11-14-06 Ebix Q3 EPS Rises to a Record $0.53 Per Share;
      2006 Nine Months EPS of $1.37 Match Full Year EPS for 2005...

      biz.yahoo.com/bw/06111...       Nov 14 03:32 PM
    • The Long Case for Ebix [view article]
      EBIX Holder Addendum:

      Ebix has 3.1mm diluted shares out and 2.7 mm shares outstanding.

      Of this, BRiT Insurance Holdings of the UK (a large EBIX customer) owns 930,163 shares (33.7%) and its affiliate, CF Epic (of which BRiT owns a 78% equity interest) owns 222,223 shares (8.1%).

      That is a total of 1,152,386 shares or (41.8%). Of note, these shares were purchased from the company in private financings that helped to fund acquisitons by the Company. The placements were done at market prices at the time of the deal, with no discounts or fees.

      Add to that position a longtime European Holder - Rennes Foundation, with 347,123 shares (12.6%) and you have well over half the shares out controlled by two/three entities, or a total of 1,499,509 shares (54.4%).

      U.S. fundamental holders include:
      Kennedy Capital in St. Louis 102,921 shares @ 6/30/06
      Wellington Management in Boston 57,500 shares @ 6/30/06
      (Perkins Capital shows 15,250 shares so it's hard to know if they are coming or going - and I've not included them in the total below)

      For a total of 1,659,930 shares held by these entities. This helps explain the liquidity constraint EBIX faces as little more than 1 mm shares remain outside these holders.

      DCC       Oct 04 04:07 PM
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