HAd I purchased at 10 - I would have sold today |
given the robustness of the recent update- is this now deemed an opp to buy/add from anyone knowledgeable! |
when you insist leading with "adjusted" numbers in your reporting amd state in the last half year RNS that your "adjusted" profit is 5.7 m but your statutory is 2.9 m. then you state that "The term 'adjusted' is not defined under IFRS and may not be comparable with similarly titled measures used by other companies" further more that this time around it was an overspend on a fancy ERP system , the time before it was option provision etc.. well. |
Why the sudden plunge? |
Wow!
AB Dynamics@ABDynamics·
Sound up! We worked with @NASCAR
to develop a 130mph driverless crash test solution for the Next Gen car. The aim was to generate real-world crash data to correlate with simulations and demonstrate vehicle and barrier safety
@NASCARRoots,@NASCARNation, @motor_racing,@dustinlong |
Although not exactly exuberant given the strong results. Perhaps more to come tomorrow. Be nice to see this heading back up towards £20. |
Finally a share price that has reacted favourably to positive results... |
I suspect they are cautious due to the volatility in the global supply chain. Clearly they have banked an order book which will deliver and or exceed FY targets, provided they can get the kit out the door. |
Indeed. Hopefully they are in under promise over deliver mode. These results are stronger than indicated in the update. |
There is a comment tucked away in the middle that the Board expects results for the full year to be slightly ahead of market expectations - very encouraging and potential for further upgrades hopefully. |
Looks good to me! |
Results tomorrow, anyone have thoughts of what we can expect and where this is going? I've rather lost track of ABDP over the last year. |
Octopus have upped their stake to just over 5%. |
effort thaks for the advice filtered |
Since km18 only posts stuff from Wealth Oracle, I think it is clear that he/she is Wealth Oracle or is paid by them.
Their analyses look very superficial; best filtered, in my view. |
km who is wealth oracle and are they good/ any link to access their notes for shares i hold? |
 AB Dynamics plc is engaged in the provision of testing systems to the global motor industry, since the firm is a designer, manufacturer and provider of testing and measurement products for vehicle suspension, brakes and steering to the global automotive research and development sector. It designs and manufactures specialized testing systems to produce equipment for its customers to develop suspension, brake, chassis, and steering systems; evaluate vehicle dynamics and safety systems on the track; employ driver in loop simulation for prototyping; develop and evaluate the next generation of safety systems in vehicles; test and evaluate the technology for use in future. Given the ample product diversification and target market, the company’s net cash soared by £5.4m to reach £27.7m, signifying that the group is in a robust position to drive further strategic progress. The sudden net cash hike was effectively incorporated into the firm’s P/FCF of 28.5, which in turn signified that operating, investing, and financing activities are funded efficiently. Subsequently, AB Dynamics is undervalued with a P/E ratio of 24.6x, below above consumer discretionary P/E ratio of 32.1x, thus the security is expected to surge in value, illustrated by the attractive P/B ratio of 2.33x.
Keep up to date with WealthOracle AM |
The update seems positive overall and market reacting positively. Hopefully it will follow through
The Board is pleased with the progress made against its strategy, with performance for the six months ended 28 February 2022 in line with the Board's expectations.
Whilst the current operating environment still presents challenges in relation to potential supply chain disruption, operational output has not been adversely affected to date and the Group has been successful in mitigating inflationary cost pressures through price increases for new orders.
Underlying demand conditions in our key markets and customer activity levels have resulted in a positive book to bill ratio being maintained throughout the first half. Whilst mindful of ongoing geopolitical uncertainty, the Board's expectations for the year are unchanged.
Financial position
Robust operating cash generation continues to fund investment and the resulting positive free cash flow
leaves net cash, as at 28 February 2022, up £5.4m to £27.7m (28 February 2021: £33.1m, 31 August 2021
£22.3m), which leaves the Group in a strong position from which to drive further strategic progress. |
Bottom in at 1000p imo just stay long but dyor |
Trading update on Wednesday apparently: hxxps://www.abdplc.com/investors/financial-calendar/ |
Ltips not much you can do. Most companies do have a time limit on them being granted. It’s a bit cheeky to grant them 5 months after a year end. Why weren’t they done after the results announcement or shortly thereafter. Whats clear is this ceo likes to fill his own pockets. Just look at the rem package he is on vs the entire board in 2018. I have no problem with that if he delivers but when the share price has gone backwards and he’s delivered the square root of f all then you start to feel like you are being mugged off. Him taking the NED role just confirms my earlier point re money.
Re the close period IMO it should be once the half closes but anyway it’s done now. |
fair point mr fox |
Zippysix - I guess you need to brush up on your understanding of close periods then.
"This period typically lasts for one month prior to quarterly or interim reports and two months prior to annual reports."
ABD has in previous years released half year reports on 22nd and 28th April so based on that would be entering a close period at some point next week.
Hence getting some admin out of the way now.
The PDMR share dealing is a positive sign here so i'm not sure why any genuine holder would be annoyed that an MD of one of the groups put some of their own cash on the line at £11. Frankly feel sorry they had to pay £11 since you could pick these up sub £10 recently.
If you are convinced they are in the know of something good they are about to report follow the money and invest some more.
As for the LTIPS they would have been at a low strike point no matter when they where granted. Little we can do about that i'm afraid except rely on the major shareholders ensuring they only vest if appropriate targets have been met. |
So an RNS today declaring a PDMR Has purchased shares presumably with knowledge of the company's financials. Secondly a very timely Grant of options at a very low strike price. Its is the end of the half year so company should be in a closed period until half year results are announced |
Zippy - The options are an LTIP so don’t vest until the future and can only vest of certain performance objectives are met.
So I don’t know where you get the notion of insider trading from.
As for the MD of one of the group companies purchasing I’m sure he has been appropriately advised that he is free to trade. |
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