Ab Dynamics Share Discussion Threads

[ny boy] 04/10/2019 08:50

Added a few more this morning, see how it goes, still got more to add if share price falls further, as locking away for a long term play. GLA

[ny boy] 03/10/2019 11:43

Just off a tad this morning, the recent trading update should provide investor comfort, I am sure we will be back up to test 2500, once the markets stage a relief rally

[ny boy] 02/10/2019 19:19

Just needs to hold above 2200 level but with global markets selling off at an alarming rate, it will test investors resolve here. I have only allocated 100 shares so far out of a total allocation of 1000 shares for this stock, so keeping cash on the side for this and looking for a better entry level. If possible. See how it plays out

[cleaninsight] 02/10/2019 15:53

Ok ok.
I see I was wrong on the TU timing !

Even so will interesting to see what goes into calculating the adjusted profit and perhaps more importantly to see that it is still generating cash

[hydrogen economy] 02/10/2019 15:32

Agreed, after the initial kick, the share price has been a dismal slide.

I suspect the reason may be the find print ie. Note 1, which seems to be saying unadjusted profits will be behind expectations due to various exceptional costs.
This is fairly common for companies with recent acquisitions.

The forecast (4-Traders) for unadjusted EPS has been upgraded through 2019 from 45 to 53.7 p which would be over 50% above the 2018 number, so a modest shortfall on that would not be so bad.


Note 1 - Adjusted profit before tax is defined as profit before taxation, amortisation of acquired intangible assets, acquisition-related and reorganisation expenditure, and share based payment expenses. A comparison of unadjusted profit before tax with market expectation has not been provided as market expectations do not include the non-core costs relating to the recent acquisitions, reorganisation of our routes to market and share based payment costs incurred due to share options awarded during the year.

[ny boy] 02/10/2019 15:29

EF, any other day it would of stayed up +7-10% on the news but investors globally are selling equities, should be the first to pick up when markets turn blue again.

Ckeaninsight, no that is incorrect, as they had the same pre results update last year around this time.

The management wouldn’t be following every small correction/rise of the sp

[effortless cool] 02/10/2019 14:58

Well, this is a pretty dismal response to an "ahead of expectations" update.

[glaws2] 02/10/2019 11:52

Highly unlikely that the TU timing was driven by share price. That is not in the company ethos; last year the TU was 4 Oct and the year before 3 Oct.

[cleaninsight] 02/10/2019 10:15

I suspect this TU was brought forward to help the falling share price I think that takes over 30 years to establish a niche business like this....it does not suddenly become a bad one. Meaning any future missteps can be remedied due to there being a strong technical, commercial and now corporate base. Notably not built on sand and promises of future riches.

[ny boy] 02/10/2019 09:57

Global equity market correction, not helping but cream always rises to the top, a good place to park cash during times of trouble imo

Results will speak for themselves

[ny boy] 02/10/2019 08:16

Back in the rising trend channel, if it can stay there, first target will be 2700p resistance, longer term goals top of the rising trend channel line around 3500p
Reasons to add on weakness and hold

[rimau1] 02/10/2019 08:05

Recession proof, brexit proof, high barriers to entry. AKA bullet proof. Whats not to like after that trading update.

[ny boy] 02/10/2019 07:36

Hold on, another cracking set of results coming up, I can sleep well at night here.

The Group continued to perform strongly in the second half and expects to report growth in revenue and adjusted profit before tax(1) for the financial year ended 31 August 2019 that exceeds market expectations.

[hydrogen economy] 02/10/2019 07:35

Hopefully this will put ABDP back on the upward trend

2 October 2019 AB Dynamics plc Pre-Close Trading Update & Notice of Results
"Strong growth and delivery against strategic priorities"

AB Dynamics plc (AIM: ABDP), the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive market, is pleased to provide a trading update in advance of the publication of its final results for the twelve months ended 31 August 2019.

The Group continued to perform strongly in the second half and expects to report growth in revenue and adjusted profit before tax1 for the financial year ended 31 August 2019 that exceeds market expectations.

The performance benefited from the continuation of the trends reported at the half year in addition to the implementation of our five-element strategy. Market conditions remain favourable, driven by significant structural and regulatory tailwinds.

The Company is also pleased to confirm that the new Chief Financial Officer, Sarah Matthews-DeMers, will commence her role on Monday 4 November 2019.
Dr James Routh, Chief Executive Officer said:

"I am very pleased to report that the full year results for AB Dynamics will be ahead of market expectations and the strategy communicated at our interim results is progressing as planned. Following the placing in May 2019, we have successfully completed the acquisitions of rFpro and Dynamic Research Inc, as well as launched new products and further expanded our international presence in the USA and Japan. We have an unmatched market position with exceptional technology and products, and the outlook remains positive across the Group."

Notice of Results
AB Dynamics will announce its final results for the twelve months ended 31 August 2019 on Wednesday 27 November 2019.

[xajorkith] 01/10/2019 19:31

Agree SC and bought back in below 2200 this morning.

High rating reflects the long term quality & growth on offer here, and potential upgrades should we get a positive update later this week.

Still the largest holding in Keith Ashworth-Lord’s top rated Buffettology fund.

[simon canning] 01/10/2019 18:24

What? 1600 is a ridiculous price. Huge drop when it's a great business. Still think it's stupid that it's dropped so much. They have acquisitions, they're hiring, new contracts, massive demand.

[charo] 01/10/2019 18:09

1600 seems more sensible level.Even if profits double this year.

[ny boy] 01/10/2019 17:44

Umm, not sure if this support is going to hold, should have closed over 2200p, could do with some positive news flow, it’s why I only bought 100 and not 1000, will save the other 900 to buy on any decent weakness if the chance arises.

[ny boy] 01/10/2019 11:55

Yes I decided to buy back in 2200p, support seems to have attracted some buying today, would of liked 1650 but that may not arrive now, so toe in the water jobbie, see how it goes, results soon, hopefully substantive as usual.

[nchanning] 01/10/2019 11:47

Nice opportunity to pick up a few shares on a low volume drift . Placing price should provide a floor of 2200p . Big upgrades to follow for next year after acquisitions factored in and would be unsurprised to see another ahead of expectations RND at beginning of October . Not as expensive as headline forward PE makes it seem

[albie two shoes] 27/9/2019 08:02

Last year a preclose trading update indicating better than expected results landed on 4th Oct.

[ny boy] 26/9/2019 19:19

Testing 2200 support again, this level needs to hold, I might buy some but will wait to see if mr market offers me any cheaper, looking for next support level around 1600p, so buy say 1655p, due to spread.

Sp is priced for great news flow continuing, so results in November will be eagerly awaited.

[simon canning] 25/9/2019 16:27

Yeah something due in November and you know it'll be good and the price will fly up. They have opened 2 new offices as stated in their newsletter. Japan and USA l. They are also hiring. People are panicking for some reason. They are a solid business with a lot of potential.