Adept Technology Share Discussion Threads

[malcontent] 11/6/2015 09:38

looks like 200p will present something of an obstacle but that's no surprise given the share price appreciation since 2012.

It is a wonderful thing when you hold a share in a small and struggling company that then gets its game going.

You can sit back and enjoy the hard work of all those employees over the years.

Mind, I've backed a fair few small and struggling companies that either stay small and struggling or keel over and die.

[dulciemo] 10/6/2015 23:28

I don't know but I ain't complaining!:-)

[d40eq6] 10/6/2015 16:36

Why the big leap this afternoon?

[glaws2] 02/6/2015 14:19

I'm sure I must be missing something obvious here - but in the first half they only did 3.2p EPS (diluted and including amortisation). The forecasts for the full year are 14p+. I see no evidence of seasonality - nor reason why there might be - so I don't see how they can possibly achieve that forecast. Anyone got an explanation/ideas ?

[phowdo] 01/5/2015 11:17

Does look a really nice addition.
Decent amount deferred as earnout should keep the vendors interested too.

[loftus16] 01/5/2015 07:21

Good acquisition. Earnings enhancing.

[davidosh] 09/4/2015 23:34

Adept came to my Mello event four months ago when they were trading at £1.20 and these are the kind of companies that our investor group like to meet and understand where the potential growth is coming from.

Our next event has 30 companies attending and presenting to investors and you are all welcome to join us. Adept have been invited. There will be over 50 investor workshops too. www.melloevents.com/mello-workshop/

[irenekent] 09/4/2015 13:57

Bought when they were mentioned in a Mail on Sunday article. Have certainly started to motor now people are hearing about them.

[phowdo] 09/4/2015 08:11

Trading update the other day with increased dividend and not one comment - perhaps the quiet ones really are best :)

[jazza] 25/3/2015 06:57

8th April last year (anniversary 2 weeks today) they announced a trading update and acquisition.

With the buybacks halted after 5th March, what chance similar this year?

[davidosh] 08/12/2014 00:58

If any of you would like to meet the management at ADT they will be presenting at my Mello Monday event in Beckenham tonight.


www.mellomeeting.com

[irenekent] 12/11/2014 12:02

Showing its potential at last. I'm staying.

[mr multi bag] 04/11/2014 09:03

I'm out. Putting some cash into sav. Multi bagged over the next 3-6 weeks

[el1te] 04/11/2014 08:02

WH Ireland: 14.1p EPS 2015 & 13.9p EPS 2016
Northland: 13.1p EPS 2015 & 13.1p EPS 2016

Best,
El1te

[brambuz80] 04/11/2014 07:50

Looking at the FY14 July results adjusted basic eps = 14.99p gives a PE ratio of 7.67 (eps growth of 18%)Am I interpreting it correctly?

[gargoyle2] 03/10/2014 13:58

WH Ireland talk about AdEPT Telecom Dialling up Dividends

❝

WH Ireland have intitiated coverage of AdEPT Telecom PLC (LON: ADT) and here are their thoughts:

“AdEPT Telecom is a UK focused independent provider of telecom services. The company currently has 20,000 customers, to which it provides a range of communications solutions. AdEPT has a solid track record, spanning over a decade, of growing earnings and dividends, through providing its customers with bespoke communications solutions, which we expect to continue. We initiate coverage on AdEPT with a Target Price of 170p and a Buy rating.
Highly experienced management team with a well-defined business strategy. We believe AdEPT’s success has been predicated on its ability to provide its customers with bespoke communication solutions combined with high levels of customer service and support. This has seen it grow its customer base to 20,000 and reap handsome profits for its shareholders. The company has an enviable track record of growing EBITDA for 11 consecutive years, which is all the more impressive given it has managed to withstand the impact of the financial crisis along with a steep decline in fixed line telephony, its largest operating segment (75% of FY14A revenues).
Cash generation machine. AdEPT does not own any major telecoms infrastructure, but instead, has relationships in place with all the major UK network operators and communication, who serve as suppliers. This dynamic means the company has low levels of capex (£63k in FY14A; £80k in FY15E). As a result, it tends to throw up a lot of cash, with cash conversion averaging over 180% over the past 3 years, and estimated to average 150% over the next three years. The company’s record of growing dividend and managements progressive dividend policy, is well supported by this robust cash generation. We forecast dividends to grow at a 26% CAGR over the next three years.
Public sector key to near to medium term growth. AdEPT continues to successfully gain traction in the public sector. AdEPT’s solutions help its local government clients achieve a material cost savings. Public sector revenue has grown from being non-existent in FY12 to 11.9% in March 2014. We expect public sector revenues to be amongst the main drivers of organic growth over the next few years.
DCF based TP at 170p/share, with peer group implied value of 206p. Our 170p Target Price for AdEPT is based on our calculated NPV of DCF (8.2% WACC; 1.5% perpetuity growth rate); equating to 1.9x FY15E EV/Sales, 9.3x EV/EBITDA and 12.1x P/E. Against a peer group of London listed Telecom companies, AdEPT trades at a 41% discount to the group average. An average peer group multiple would imply a share price of 206p, which is 71% above current levels and 21% above our Target Price of 170p/share. “

[brambuz80] 10/7/2014 07:33

At these levels it looks cheap...15p eps and a price of 130p give a PE ratio of 8.6...small dividend establishedDebt level seems acceptable and its cash generative...not sure how scalable is the business thoughAny views?

[malcontent] 28/2/2014 18:27

Hmmm back to the 200 day MA. Good buy-point if you wanted one.
I am holding from sub 30p , but I did add in decemeber - it would be nice to see a healthy pop-up from here

[gargoyle2] 13/1/2014 18:33

I'm no chartist, malcontent, but that is a pretty pattern. Hope you're right about the consequences!

[malcontent] 13/1/2014 16:24

I believe that's a lovely bull flag forming on the chart.
Should pop before the end of january

[kinkell] 07/12/2013 21:24

Hi Wilbur,

Out in the sticks! So cannot get broadband from telephone lines - too far from exchange plus aluminium cables would you believe. So, satellite connection from Tooway - very good. About 8.5 meg. £24.99 per month.

[wilbur] 07/12/2013 20:46

Hi kinkell, what broadband deal do you have?

I notice most broadband deals have to include line rental.

[kinkell] 06/12/2013 18:23

Yes from a share price of 25p. regard it as equivalent to a tax free div.