Auction Technology Share Discussion Threads

[harry_david] 16/4/2024 10:25

Trading Statement notable for what it is not reporting, profit margins,reduced commission rate. Even so sales stagnant, hardly a tech wonder.

[harry_david] 30/1/2024 07:33

How can the company be pleased with a 3% increase in lfl sales. No mention of profits or margins I note.

[goingloco] 10/12/2023 09:42

Blackrock and Jupiter selling. And now the Chairman, Breon Corcoran, has wandered off. Well maybe not completely, he's non-exec, but he has taken a very big job, CEO at IG Group. ATG is not going to be in the forefront of his mind.

[harry_david] 07/12/2023 08:13

Blackrock are selling, it's taken them a while to see this disaster. They should get help from reading this analytical news site called advfn.

[pugugly] 30/11/2023 14:24

Yet another Tip Sheet disaster.

[jurgenklopp] 30/11/2023 14:11

Brutal reaction

[harry_david] 12/10/2023 08:49

At last the share price is moving in a logical direction, still a way to go mind you. The directors must be sweating on their decision to buy a US property portal, the property market there has virtually disappeared.

[harry_david] 25/7/2023 10:18

Apart from one big anonymous shareholder who has gone below 3% the only notifiable transactions this year have been large sales by directors. Does not look good.

[harry_david] 11/6/2023 21:23

74tom despite your comments which I agree with, the shares are recovering nicely. I can't see what we are missing.

[74tom] 17/5/2023 10:25

The valuation here seems inexplicable at £1b EV when debt is included vs operating profit of £9.8m for the half year to 31/03, of which £9.1m is swallowed up by finance costs. The balance sheet meanwhile is hideous with a significant negative net asset value when you strip out goodwill + intangibles. Has to be one of the most bizarre valuations on the LSE.

[blackhorse23] 17/5/2023 09:57

Switched to HARL , good timing

[harry_david] 17/5/2023 09:39

All the top line figures are adjusted, even the sales figure. It is not until you read the accounts themselves you see how poor the performance has been.

[likeawalrus] 02/5/2023 15:49

agreed, in fact I said as much on here in June. I use the-saleroom all the time to find auction items but the 6% internet charge means I always check to see if the auction house has its own free bidding platform as ATG charges are too high

[harry_david] 02/5/2023 12:31

likeawalrus, it is already overpriced, extra publicity will be a negative.

[likeawalrus] 02/5/2023 12:04

as ATG develops the US acquisition and assuming it becomes a significant revenue source, we may see ATG list on otcmarkets in the US in the next year or two?

[hybrasil] 29/3/2023 10:23

I have been looking at this (following a tip somewhere) for a while.
I think while a good idea that it is massively overvalued. I remember thinking the same about purple bricks. Post 81 above has it in a nutshell - price to sales scary.

It has a lot further to fall I think

[simmsc] 14/3/2023 16:04

Sales growth slowed down in last half year. They've diluted shareholders. Price to sales scary too at 6.5 (as well as the PE). They have a reasonable operating margin ... but revenues need to grow more to justify this valuation. And if they push harder to get the revenue up, the op margins may start to drop (which then causes other issues). Shareholder base not very inspiring ... you would expect to see a Baille Gifford in there if this was investable.

[arja] 13/3/2023 07:58

nasdaq futures recovered well after the sharp dip which might help UK tech stocks a little today . As you say , they often do have scary p/e or are even loss making for years :)

[harry_david] 11/3/2023 23:31

I can't work this one out. I keep watching but there never is anything to get your teeth into. Even the recent decline still leaves them on a scary p/e.

[arja] 11/3/2023 20:30

dreadful looking downtrending chart and could soon be a SOR situation ! But Tech stocks are not flavour of the month with nasdaq in USA falling again .

[harry_david] 07/2/2023 11:50

I'm obviously missing something, why has the market decided today's acquisition is good? It is low growth in a low growth area with a rather sticky outlook. If the company wants to spend 40 mil on a side issue what does that say about the core business?

[harry_david] 08/1/2023 18:34

Berenberg love technology and their recent track record reflects this. There are areas where Auction Technology could strike it lucky but to justify a p/e in the stratosphere they will have to demonstrate real growth and to date neither sales nor profit show any hint of succeeding. I am watching but at the moment, no way.

[tole] 08/1/2023 15:16

Berenberg 'bullish' on diversifying Auction TechnologyBerenberg believes there are 'multiple levers' that can be pulled at Auction Technology Group (ATG) to generate outperformance.Analyst Bharath Nagaraj retained his 'buy' recommendation and target share price of 900p on the provider of online auction marketplaces, which was trading flat at 795p.The stock has gained 13% since Nagaraj initiated coverage in September 'but this is after it briefly zoomed past our 900p price target and then declined on the back of softer guidance from the company for full-year 2023'.He said this was driven by 'non-operational metrics' such as interest rates and currency movements.'While total hammer value could be at risk given a decline in asset prices in recent months, we believe this can be largely offset,' he said.'Our view remains that Auction Technology Group is a strong multi-year growth story that is rapidly diversifying through new revenue streams, such as payments and marketing. Thus, we remain bullish on the name despite it trading at 28x price/earnings.'

[harry_david] 01/12/2022 09:34

What a difference a few weeks does. No nice rise today. The latest numbers show miniscule sales and a tiny profit. Even after todays fall they are still overpriced.

[dougmachin] 11/11/2022 11:55

Anybody here? Nice rise!