Ab Dynamics Share Discussion Threads

[rivaldo] 13/8/2013 10:49

Nice mention in the Mail's market report today:



"Buyers nibbled away at AB Dynamics, 10p better at 116p, after the designer and supplier of safety testing systems announced an international contract for a suspension testing rig worth £1.7million."

[rivaldo] 12/8/2013 11:50

Cheers Electronica, that's extremely reassuring.

It's also good to see ABDP are forecast to have £4.3m net cash at the end of this month, against the £18.9m m/cap.

I'm hoping with one or two upgrades, and maybe an acquisition or two, for a doubler in the next 18 months if all goes well, but primarily I'm happy that - especially in my ISA - there's not much downside from here and good upside.

Would you be happy perchance to leave an e-mail address up briefly so I could contact you re CAR and other stocks?

[electronica] 12/8/2013 11:24

Good to see you here Rivaldo.

I've known this lot (as a supplier) for over 5 years now & an excellent operation they are. It looks like good (but unspectacular) growth to me with a strong liklihood of some small(ish) bolt-on acquisitions.

All-in-all a doubler over 3 years in my book.

[rivaldo] 12/8/2013 11:19

I've been buying these in my ISA and had a final top-up this morning.

Excellent contract news today, but also looks cheap given that the year end is just coming up - 31st August - and ABDP are looking good to meet expectations of 9.89p EPS.

There's a slight reduction in EPS this coming year to 9.62p EPS given the (small) IPO dilution, but with recent contract wins I'd hope for upgrades from Charles Stanley once the results are out.

[cleaninsight] 12/8/2013 08:46

Now going up by the same

[ryandj2222] 30/7/2013 13:08

Dropping a lot!

[penny share] 04/7/2013 15:21

Lots of funding flying around with the govts automotive catapult scheme as well. good bet and a sure take-over target in the medium term, prob Chinese.

[cleaninsight] 19/6/2013 16:28

I agree they look a nice company good value engineering with healthy export market

[ryandj2222] 06/6/2013 10:38

Have these been tipped today?!

[ukinvestor220] 06/6/2013 10:15

lots of interest today

[ukinvestor220] 05/6/2013 15:37

you dont want to miss the boat wood chopper !!

[boll] 04/6/2013 22:22

May be worth looking at Ricardo - they are valued on a much higher basis that ABDP. I managed to get in at £1 on first day

[woodcutter] 04/6/2013 13:03

UK220 appreciate you setting up the thread thx

i like the look of this business very niche and good barriers to entry. Based on the first day dealings document my forward looking guesstimate would be for this year:

http://www.investegate.co.uk/ab-dynamics-plc--abdp-/rns/first-day-of-dealings/201305220700322736F/

current trading section for last 6 months

pretax looks like ~ £2m
so i guess ~ £1.6m after tax
16m shares so about 10p eps.

some observations

New manufacturing/testing facility will result in some disruption and possibly affect revenue this year.
Majority of shares in orginal owners hands, looks like with a few others he has total control
Very illiquid about 15% free float i.e. ~ 2.4m so MM's will play with us.
gross margins have been improving from 20% in 2011 to 29% in H1 2013.
operating margins dropped by 3% for the firat 6 months of this year compared to last full year.

looks a bit rich since share price rose on first day so i'll watch for now. Would have been a buyer at float under 90p but not at present.

Woody

[ukinvestor220] 28/5/2013 14:28

lets see how it goes

[penny share] 23/5/2013 15:34

In on day one :-) Buckle up!

[penny share] 23/5/2013 15:31

Company website:

[penny share] 23/5/2013 15:29

In on day one, this is a great company with a blue chip customer base. Expect great things.

[r ball] 22/5/2013 12:57

17% uplift on placing price. bit excessive. thought 10% was the norm.

[ukinvestor220] 22/5/2013 11:59

ABD currently has approximately 50 employees, all of which are located in the Company's headquarters in Bradford on Avon. All areas of design, manufacture and sales are carried out at the same facility, encouraging a fully integrated, knowledgeable team. The Group has a strong international distributor network, including in the USA, Brazil and the Far East facilitating the penetration of growing markets such as China and India.

Tim Rogers, Managing Director of AB Dynamics, commented, "Trading in the current year is in line with management expectations. We believe public company status will support the planned growth of our business through funding a new facility and providing increased production capacity. Proceeds will also be used to establish a presence in Asia and the exploration of complementary technologies.

"We are very pleased with the level of interest in AB Dynamics plc from UK investors and, as a profitable, cash generative business, we look forward to creating shareholder value as a public company."

[ukinvestor220] 22/5/2013 11:59

Anthony Best Dynamics plc, a designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry, is pleased to announce the admission today of its ordinary shares to trading on the AIM Market of the London Stock Exchange and the commencement of dealings in its ordinary shares under the ticker ABDP.

The Company has raised GBP2.5 million before expenses through a placing of 2,906,976 new ordinary shares at a placing price of 86p per share. A further GBP2.5 million has been raised to satisfy the sale of shares pursuant to a vendor placing. Through the placing a total of 19 new institutional shareholders were introduced to the Company's share register. On admission, the Company has 16,306,976 ordinary shares in issue, giving the Company a market capitalisation of approximately GBP14 million.