We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ab Dynamics Plc | ABDP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -45.00 | -2.41% | 1,825.00 | 16:35:17 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,865.00 | 1,865.00 | 1,877.50 | 1,825.00 | 1,870.00 |
| Industry Sector |
|---|
| INDUSTRIAL ENGINEERING |
| Top Posts |
|---|
Posted at 24/10/2023 14:27 by ny boy All you techies out there, downside chart targets 1220 or 1020pAutomatic technical analysis. Medium term, Oct 23, 2023 AB Dynamics plc has broken down through the floor of the falling trend channel in the medium long term, which signals an even stronger falling rate. The negative development, however, may give rise to short term corrections up from today's level. The price has had a strong fall after the negative signal from the head and shoulders formation at the break down through the support at 1732. The objective at 1427 is now met, but the formation signals further development in the same direction. The stock has support at pence 1220 and resistance at pence 1600. The short term momentum of the stock is strongly negative, with RSI below 30. This indicates increasing pessimism among investors and further decline for AB Dynamics plc. |
Posted at 12/1/2023 11:27 by robow from Shares magazineThe automotive sector is in flux amid a transition to electric and hybrid vehicles as well as developments in assisted driving technology and frequent changes in safety and regulatory standards. That’s good news for UK engineering champion AB Dynamics (ABDP:AIM) which is one of the best performing AIM companies of the last decade. If you invested £1,000 when the company floated in May 2013, you would be sitting on a stake worth £16,000 today, less any transaction or investment platform fees. That same £1,000 invested in a FTSE 100 tracker would be worth just £1,450, with both calculations based on total return data from SharePad. Before the pandemic the returns on a long-term investment in AB Dynamics shares would have looked even more impressive. Supply chain issues affecting the wider industry hit the company’s profit, and the current share price of £16.11 compares with peaks above £27 in 2019. That pullback in the share price might interest investors looking for a better entry point into this unique business on the UK stock market. WHAT DOES AB DYNAMICS DO? Founded more than four decades ago by Anthony Best, who served as chairman until 2021, AB Dynamics provides testing systems to the automotive industry from its Wiltshire base. Customers include the 25 largest automotive manufacturers, key tier-one suppliers (the businesses which provide the components and devices used in the manufacture of cars) and large technology companies. It even counts the Alfa Romeo Formula One team among its clients. These companies use AB Dynamics’ products for vehicle testing; ADAS (advanced driver assistance systems) development; driverless car technology evaluation; suspension, chassis and steering system development; and noise, vibration and harshness testing. Its products and services include advanced driving simulators, driving robots and precision soft targets – effectively inflatable to-scale cars, motorbikes and other road users – for track testing. ‘With eight mandatory ADAS features required in all cars sold worldwide by May 2024, and a push towards autonomous vehicles that require extensive reliance on simulators and laboratory testing to optimise development, we believe that AB Dynamics’ premium positioning will enable it to benefit from strong demand tailwinds,’ says investment bank Berenberg. Despite pressure on profitability resulting from the pandemic, a supply chain squeeze and investment in new ventures, AB Dynamics still generates strong returns with an operating margin of 15.8% in the year to 31 August 2022. BRANCHING OUT INTO NEW FIELDS While there is no suggestion AB Dynamics sees a lack of longer-term opportunities in its core automotive sector, the company has begun to diversify. Its newly launched ABD Solutions business offers easy-to-install, retrofit kit which can transform a standard vehicle to an autonomous one. Recognising that widespread adoption of automated vehicles for road-use remains some way off, it is targeting the mining, defence and specialist industrial sectors. Its solution could, in theory, help rapidly and cheaply reduce costs and safety risks in these industries. Chief executive James Routh acknowledges to Shares it will take time to build scale in this new division which is currently guided to make a positive contribution to earnings in the financial year ending August 2024. Routh says: ‘We’re not guiding for huge things straight away. In mining and defence applications which are safety critical there is a lot of emphasis on getting it right and that’s going to take longer as a result, whereas we should be able to convert specialist vehicles on waste management sites a lot quicker, but these are smaller contracts.’ Meanwhile, regulatory changes are providing support to the core business. The European New Car Assessment Programme recently published its 2030 roadmap. As Liberum analyst Sanjay Vidyarthi observes: ‘The test scenarios continue to get more complex, requiring new permutations such as changing weather conditions, different types of vulnerable road user (e-scooters) and, increasingly, the interaction between the driver and ADAS features. ‘We think this will play into AB Dynamics’ suite of simulation and track testing products, a point supported by the fact that all of its ADAS test platforms and targets have now been approved for use in Euro NCAP testing ahead of the introduction of the new 2023 protocols,’ adds Vidyarthi. This has significance outside the continent itself as Europe often leads the way on safety standards. HOW EXPENSIVE ARE THE SHARES? Companies with regulatory-driven business are often rewarded with bumper equity valuations and AB Dynamics is no exception, trading on 32 times forecast earnings for the 12 months to 31 August 2023. In the short term this might make an investment in the stock more of a risky proposition but longer term the growth prospects look excellent and it is a well-run business with an impressive track record. AB Dynamics has a very strong balance sheet with net cash of £29.3 million. Cash flow generated from operations has increased from £2.1 million in the 12 months to 31 August 2013 to more than £20 million in the last financial year. Self-funded acquisitions to supplement organic growth seem plausible. Routh says the company is debt averse, with its financial strength offering reassurance to its customer base. The company pays a modest dividend, but the yield is nominal at best at around 0.3% based on consensus forecasts. |
Posted at 08/9/2022 09:51 by zippysix Without wanting to incur your ire again ali47fish. I will restate that the management rarely engage with the investors, the profit margins are trending down and the operating cost are trending up. Upsides : the newly established ABD solutions gets traction, the simulators sales take off and RFpro continues to flourish . Downsides: new competitors have entered the market, and existing customers may view ABDs foray into testing services with DRI and Vadotech as a competitive move |
Posted at 21/3/2022 21:07 by gargoyle2 Trading update on Wednesday apparently: hxxps://www.abdplc.c |
Posted at 25/2/2022 08:38 by ny boy Let’s hope 1000p was the capitulation low, a bit of a recovery this morning but I guess investors have one eye on Ukraine invasion news. If it’s contained within Ukraine markets traders will reassess risk |
Posted at 22/2/2022 09:08 by kelshawconway Sadly, since Tony Best has not been at the helm, this company has shown contempt for it's shareholders and the current management have closed their curtains to their Investors.Very poor Investor Communications! |
Posted at 21/2/2022 17:41 by zippysix I am not usually minded to post, however...I sold all my ABDP stock over the last few months save a 100 for now. I was an early investor at 267p and later at 750p when they did a raise back in the day. In a nutshell i dont like the continued erosion of margins and the eyewatering hike in SGA costs. The notable lack of comms to PIs makes it so hard to find out what is happening to the company. No one writes on them, no one posts on the chat boards. I know someone mentioned on here that dont put too much credence on what is posted on Glassdoor. But the company does as its starting to respond to neg posts. Institutions who came in at 2250 p cant be happy. The old CEO and Chairman engaged with the investor community and a broker collegue rated the team highly at the time which got me onto them in the first place. |
Posted at 28/4/2021 09:00 by ny boy Investors sell on the news, it’s normal in these markets. |
Posted at 04/3/2021 12:01 by ny boy Longer term rewards I guess, investor interest muted so far, probably due to general equity markets looking toppy on the back of rising 10 yr treasury yields not helping.Will stay on the sidelines to see if any major buying comes in here over the coming months |
Posted at 14/12/2020 01:50 by davidosh Just to mention that the Xmas MelloMonday special guest may mention AB Dynamics and I think shareholders and potential investors will appreciate his thoughts. There is an interview tonight with Keith Ashworth Lord who is a highly respected fund manager and well worth listening to. Keith's fund Castlefield are of course one of the largest shareholders in ABDP and I think it is one of their top ten positions.The Mello Monday event starts at 6pm The full programme is available on the website. Also of interest may be the MelloBASH... The analysts, fund manager and well known investors on the panel will give their honest verdicts on whether four companies are a Buy Avoid Sell or Hold at this current juncture in the markets. All investors welcome and if you use the code MMTADVFN50 you will get a half price ticket. Great investor content and entertainment. We had nearly 400 investors attend last month so these are very popular. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
