Share Name Share Symbol Market Type Share ISIN Share Description
Adept4 LSE:AD4 London Ordinary Share GB00B8GRBX01 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25p -3.64% 6.625p 6.50p 6.75p 6.625p 6.625p 6.625p 975.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 4.9 -1.4 -0.4 - 15.04

Adept4 Share Discussion Threads

Showing 76 to 97 of 100 messages
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DateSubjectAuthorDiscuss
12/1/2017
10:45
ADEPT4 AD4 8.20 +0.45 5.81% Market Cap: £17.6m Price: 8p Spread: 9% Adept4, the IT service provider, announced preliminary results for the year ended 30 September 2016. The numbers on this one are not great at first glance, but I get the feeling that this story is more of one than change than results. The company has been very active over the last 12 months. This is the clear theme of the RNS. It would be something of an understatement to describe the last twelve months as one of considerable change. We have fundamentally transformed the shape of the business through a series of acquisitions, disposals and fundraisings and consequently exited the year with the business in a substantially improved Numbers The numbers are not that great. The company made a loss of £0.6 million, though this was improved from last year where the losses amounted to £1.3 million. The company go to great lengths to put some positive numbers in the highlights, which is why we have things like “Recurring gross profit covers 96% of trading overheads” featuring. It’s a tricky one to judge as lots of the numbers don’t have a 2015 comparison. If they do, due to the rapid changing nature of the business it becomes tricky to draw conclusions. The company now has £3.2 million in recurring revenues. Two-thirds of the revenues are recurring, which is a positive thing. The company also has a recurring gross profit of £2.0m, which represents 67% of Group gross profit. Clearly, there is a decent business model here – we’ll give the new management props for that. The company raised £9.8 million last year to fuel acquisitions and growth. As of 30 September, the company’s cash position was £4.3 million. Operations The company have overhauled the business. Following a strategic review, conducted in October 2015, the company decided to divest of IT Security solutions and telecommunications and fixed line services resale businesses. These business were pinpointed due to lack profit potential, scalability and appeal. These businesses made an operating loss of £264,000 this year. For context, they made an operating loss of £878,000 in 2015. RMS, the IT Security business, was divested for £1 due to debt and liabilities. Pinnacle was sold for £2.8 million to Chess ICT Ltd. The company states that after the final write off of intangibles associated with these businesses, legal, professional and reorganisation costs and taxation the net profit from discontinued operations is £725,000. In February, the company acquired the entire share capital of Ancar-B and Weston for gross consideration of £5,000,000 and £1,500,000. In light of that, the newly installed management have brought the three businesses together (Ancar-B, Weston and Adept4 Limited) to form a neater, more focused value proposition and drive sales. The management team states: “we have been clear that there remain substantial opportunities for us to acquire businesses that complement our overall value proposition”, so more acquisitions are possible. However, the mantra is pretty clear. The company’s focus is on profit, which is good – something you don’t always get with penny stocks. In particular, high levels of recurring revenues and high gross margin (50%+). Outlook We now have a sound platform created through the hard work and diligence of our people, who remain our biggest asset. We have a clear strategy for delivering success which I have articulated My Opinion Actually, I’m fairly impressed with this one. Of course, plenty of work still to do, but the management have shaken things up and have a clear vision on where they want to take the business. The work that has been done in the last 12 months divestments and acquisition suggest that management have the tools to make it happen. This isn’t a case of promise without the delivery as is often the problem on AIM. hxxp://tradertim.co.uk/12th-jan-trader-tims-penny-stock-post-ggp-tly-ad4/?utm_content=buffer34eb1&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
freddie01
12/1/2017
10:37
A good solid set of first results. Well done Team Adept4.
freddie01
12/1/2017
10:25
AIM-listed IT services provider Adept4 (formerly Pinnacle Technology Group) posted preliminary revenue of £4.9m for FY16 (66% recurring), with what looks like a very positive set of second half results helping trim losses to £600k in the full year. The company recorded a £700k net loss on £830k of revenue in the first half, indicating that a sweeping transformation involving the disposal of its legacy loss making businesses and acqusition of three others in 2016 has enjoyed some early success.
chimers
12/1/2017
10:25
The influence of tech merchant bank MXC Capital is clear to see and Executive Chairman Gavin Lyons has helped steady the ship with a round of locatoin and back-end system consolidation. Despite all the upheaval Adept4 has kept hold of some big customers, resigning a ten year service contract worth a minimum of £6m with one client.
chimers
12/1/2017
09:57
Looks pretty good to me. "Over the last 12 months we have fundamentally changed the shape of the business through a series of acquisitions, disposals and fundraisings. We exit the year with the turnaround activity complete and a solid platform to continue to build on. We have substantially improved our operating position, have high levels of recurring revenue, cash in the bank and a team of people that have worked incredibly hard and diligently to deliver against our plans. I would like to thank everyone for their contribution during the period and look forward to building on our solid foundations to ultimately deliver further shareholder value."
chimers
12/1/2017
09:55
So they managed to get the biz sorted in 6 months thats quite staggering and quick. Transformational period with the disposal of legacy loss-making businesses and acquisition of three profitable businesses • Established a seasoned and incentivised management team • Integration of acquisitions going well: • single operating structure implemented; • consolidated into two main offices: Warrington and Leeds; • roll-out of consolidated systems including a single service desk, accounting, CRM and scheduling system almost complete; and • integration plans have also included a focus on consolidated policies and processes • New single value proposition and brand well advanced and widely adopted • Over 100 full-time employees (FTEs) in the business of whom 70% are in a technical customer-facing role • In less than six months established a scalable platform for delivering IT as a Servic
chimers
12/1/2017
09:14
Really good, in depth view into the results in the penny stock post this morning http://buff.ly/2ifHo16
mikeroot5
12/1/2017
07:59
Results looking a damn sight better, should see a steady rise from here although I think my break even is around the 27p mark from the PINN days. DC
daicaprice
10/1/2017
14:41
A rising share price before results should be a good sign. I think it's been mentioned a week Monday although can't say that's for definite.
freddie01
10/1/2017
13:16
MXC originated and executed the acquisition of adept4 in May 2016 for £4.5m. adept4 provides IT as a Service encompassing fully managed IT service contracts, cloud based services, professional services, software support and development. The business had c. 60 customers and average contract length of 3 – 6 years, c. 70% recurring revenue and strong free cash flow generation in excess of 90% of EBITDA at the time of acquisition.
chimers
10/1/2017
12:39
Its a buy!! Simples.
chimers
06/1/2017
08:01
Annual Events Half Yearly Report - June Final Results - February AGM - March From their website
freddie01
05/1/2017
23:06
Results are due here soon does anyone know when exactly ?
tobyjugears
07/11/2016
16:21
this smacks of insider dealing...force the price down and allow the 100,000 plus trades to go through, meanwhile the pi with small holdings is decimated.
twodegrees
07/11/2016
15:19
Linked to RCN and MXCP http://uk.advfn.com/stock-market/london/redcentric-RCN/share-news/Redcentric-PLC-Accounting-misstatements/72843147
freddie01
07/11/2016
14:53
Is anybody actually watching this disaster. This is being walked lower and lower on very little trades
twodegrees
04/10/2016
21:53
Time to buy more especially at this level
sharestobuy
30/9/2016
09:22
While I have faith in them to get the job done options at 9p is disappointing.
freddie01
29/9/2016
15:14
Agreed, options should be about the over and above, excelling. He gets salary for turning up.
xxx
29/9/2016
14:38
why give share options at 9p...surely if the company is doing well they would give the options at 12-15p upwards as an incentive for the management and team to keep working hard to continue to improve....
twodegrees
12/9/2016
06:51
Last trade at 16:32 on Friday saw the 10 hit with a £10k Trade. Will we see more of the same this week?
1msi
09/9/2016
14:19
Slowly Ticking up again Today
1msi
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