||EPS - Basic
||Market Cap (m)
|Software & Computer Services
Adept4 Share Discussion Threads
Showing 101 to 122 of 125 messages
|freddie01, been with pinnacle and what is was before that. I think the synergy of pinnacle and what happened when they merged will turn out for the better but long term.
1msi the last results are NOT A GOOD INDICATOR FOR GOING FORWARD AS LOSSES WERE WIPED OUT AND THE SYNNERGIES OF THE BUSINESS HAD NOT HAD TIME TO BED IN... call ME DISSILLUIONED IF YOU WANT BUT I HOLD A SIZEABLE AMOUNT AND THINK THIS WILL TURN OUT FOR THE GOOD BUT LONG TERM...having BEEN HERE FOR OVER 5 YEARS I HOPE ONE DAY TO BREAK EVEN..|
|This share seems to rise and fall on nothing. The last set of results included losses from the now sold off pinnacle business and only 8 months from ancarb /Weston and 4 months of adept4 Ltd. I would expect we will see something a bit more reflective of where the company are when we see the October to March results. A bit of volume and sentiment and I think this will rise back from this price quite quickly to around 7 to 10p|
|I'm still here and there's been another 200,000 buy today.|
|The 300,000 director buy reported after close yesterday seems to have caused this to wake up.
Any body else holding here.|
|ADEPT4 AD4 8.20 +0.45 5.81%
Market Cap: £17.6m
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
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.
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%+).
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
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.
|A good solid set of first results. Well done Team Adept4.|
|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.|
|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.|
|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."|
|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|
|Really good, in depth view into the results in the penny stock post this morning
|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.
|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.|
|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.|
|Its a buy!!
Half Yearly Report - June
Final Results - February
AGM - March
From their website|
|Results are due here soon does anyone know when exactly ?|
|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.|
|Linked to RCN and MXCP
|Is anybody actually watching this disaster. This is being walked lower and lower on very little trades|
|Time to buy more especially at this level|
|While I have faith in them to get the job done options at 9p is disappointing.|