Adept4 Share Discussion Threads

[chimers] 25/8/2016 15:08

"BEFORE" the.......................................... "EVENT"

[chimers] 25/8/2016 15:07

Nom nom nom nom nom not

[suneday] 25/8/2016 15:04

Chimers14 Jul '16 - 10:28 - 1613 of 1768 BHRD
Nom nom nom nom...............

[chimers] 25/8/2016 13:38

Nom nom not

[chimers] 25/8/2016 13:31

There is a right time and a right place.

[freddie01] 24/8/2016 16:43

twodegrees - directors really showing faith in the new revamped company.

[twodegrees] 24/8/2016 16:00

17.5k buy by another director.

[scargs] 14/8/2016 09:22

2JohnAdams

Yes, a very warm welcome to Jarrod Potter.

Do you You or any other Pinnacle/Adept-4 shareholders know anything about Jarrod and his connection to the company?

I am looking forward to the next set of figures from the company. Fingers crossed that the next results show an improvement. The new management do seem wide awake.

[2johnadams] 14/8/2016 00:21

New Major Shareholder

A big welcome to Jarrod Potter. Very nice to see a new major shareholder declare his interest and crossing the 3% threshold.

[2johnadams] 28/7/2016 20:35

DIRECTOR DEALINGS: Adept4 Non-Executive And Wife Buy SharesThu, 28th Jul 2016 13:09LONDON (Alliance News) - IT service provider adept4 PLC Thursday said Non-Executive Director Simon Duckworth bought 200,000 shares at a price of 7 pence per share on Wednesday.The company also said Caroline Duckworth, the wife of Simon Duckworth, purchased 350,000 shares at the same price.Adept4 was formerly known as Pinnacle Technology Group PLC, with the latter changing its name in May following the acquisition of adept4 Ltd.

[ramridge] 19/7/2016 10:53

2JohnAdams - Good luck

[2johnadams] 16/7/2016 00:31

ramridge, freddie01, thank you for the information and the update.

MXC are very heavily invested here. Therefore, with regards PINN/AD4 and ECV, I have no doubt that they both know what needs to be done and that they are doing it.

I'm now looking forward to Mr Lyons successor. Exciting times ahead.

[freddie01] 11/7/2016 14:45

Thanks for correcting me ramridge. I've obviously got the wrong end of stick regards Gavin Lyons.

I fully understand your change of heart on this information but I'm still happy to hold for now.

[ramridge] 11/7/2016 13:42

Gavin Lyons was CEO of Accumuli for many years before selling out to NCC in May 2015.
He then reappeared in Dec 2015 as Exec Ch. of Pinnacle which then morphed into adept4 early this year. So he has only been in the chair for 7-8 months.

A large part of my reason for buying into adept4 was his presence and a possible repetition of what he did at Accumuli (buy/ build/ sell).
Yes, he started the process, but to me he is (potentially) jumping ship long before fruition of the strategy.
The current management may be up to it, but I will be looking to exit at some point in the next few months.

[freddie01] 11/7/2016 12:24

Thank you for the link ramridge. Correct me if I'm wrong but if we look back at Lyons history it's quite normal for him to move on to the next thing after achieving what was needed.

I'm not worried in the slightest about his departure as the company's three acquisitions are all making profit and I'm sure the guys at adept4 are more than capable of keeping us on the right course.

Having read the blog for adept4 all the way through I'm very impressed with those in charge.

Also think we could see more in the acquisitions line before long.

But I'm no expert.

[ramridge] 11/7/2016 08:36

2JohnAdams -
an LSE RNS on 1 July no less.


Look at bullet point 4.

[2johnadams] 11/7/2016 05:15

freddie01, I think it's almost certain that further acquisition(s) are in the making.

Let's not forget that they have £4.3m of cash in the bank and the Chairman continues to report via RNS, that further potential acquisitions are still part of the strategy.

Also, I think that it's unusual coming out of a close period, following the half-yearly report, that none of the Directors or notifiable insiders have acquired any shares, which could suggest that they are still inside and therefore in a close period, due to further acquisition activity.

29th June 2016: "As I report to you today, I believe that we have made substantial progress in a relatively short time frame. Through executing this strategy we now have a sustainable operational platform from which to grow the Company organically and through potential further acquisitions.

We now have a strong operational management team, who are motivated through an earn-out and an employee share scheme is in the process of being put in place (in line with the detail in my announcement in January 2016), and which firmly aligns their rewards with the creation of shareholder value.

Finally we have funds in the bank which allow us the potential to make further acquisitions, subject to identifying suitable targets, which align with our strategy.

I look forward to providing further updates through the remainder of this year on our progress and look to the future with confidence."


Gavin Lyons
CHAIRMAN
29 June 2016

[2johnadams] 11/7/2016 05:04

ramridge, "reported" by who?

Who reports that Gavin Lyons is to become Exec' Chairman of TCSL?

Thanks.

[ramridge] 08/7/2016 09:31

Tax Computer Systems Limited (TCSL) will be coming to market soon as IPO and Gavin Lyons is reported to become Executive Chairman of this company.
You can't have the same person being Executive Chairman of two quoted companies , can you?
Non-exec roles yes, but not exec roles surely?
So he will give way in his role with adept4, maybe?
Worth finding out from the company.

[freddie01] 05/7/2016 08:13

adept4 plc, the AIM listed provider of 'IT as a Service' ("ITaaS"), is pleased to announce that it has agreed a new contract with an existing customer which will run until May 2026 and will be worth in excess of £6 million in total revenue.

The service based organisation has been a customer of adept4 since early 2014, and entered into a seven year contract for services in September 2014 worth a minimum of £2.5 million in total revenue.

Since that time the scope of services provided to the customer has increased and monthly charges have risen materially above the minimum level set in this contract. adept4 currently provides a range of services incorporating IT Helpdesk user support, infrastructure support services (including cloud services), Microsoft SPLA licencing, Microsoft Office 365 and data connectivity - the very definition of ITaaS. In order to facilitate closer collaboration in the future, both parties were happy to replace the existing contract with a new, long-term contract, which has resulted in a ten-year contract that will run until 2026.

Gavin Lyons, Executive Chairman adept4, commented: "We are delighted to be able to announce this new contract with an existing customer. It demonstrates the Group's ability to grow profitable, long-term relationships, which benefit both parties and reflect the high level of service we deliver to our customers."

[2johnadams] 30/6/2016 00:44

They have split out the existing companies from those that were disposed of, which really means the interims are not very informative.

However, here's what we know about the three main trading companies from the previous RNS's

adept4 generated revenues of £5.0 million (67% recurring) to 31 December 2015 and EBITDA of £0.75 million

Weston generated revenues of £2.8m (59% recurring) to 31 March 2015 and EBITDA of £0.22m

Ancar-B generated revenues of £2.2m (59% recurring) to 31 July 2015 and an EBITDA of £0.58m

So that's combined annual revenues for the group of c.£10m and EBITDA of c.£1.5m

And let's not forget that the cash balances of the group were £4.3m at 27 May 2016.

I'd say, very positive and an excellent outcome IMHO.