Ab Dynamics Share Discussion Threads

[ny boy] 27/11/2019 07:29

V.Solid nos

Not that generous with divi

Something to keep in one’s mind going forward

Despite global macro-economic uncertainty and challenges facing the automotive sector

Sp should rise to 3150/3250 area before hitting resistance.

How much of the news is priced in now, will be interesting to see how markets react
GL in if you are still holding, I will keep on monitor watch for another pull back entry opportunity

[adrian j boris] 27/11/2019 07:10

Financial Highlights

-- Revenue and adjusted operating profit increased 56% and 58%, respectively through increased demand for the Group's products and services, supported by new product development and establishment of international routes to market.

-- Underlying revenues increased by 55% with a small 1% benefit from the acquisition of rFpro at the end of June 2019.

-- Adjusted operating margins increased by 20 bps to 23.3% as a result of operating leverage across the business.

-- Adjusted profit before tax increased by 59% to GBP13.7m and the corresponding adjusted diluted EPS increased by 50% as the adjusted effective corporation tax rate increased to 16.8% (2018: 14.1%).

-- Adjusted cash flow from operations increased by 6% to GBP10.5m with cash conversion of 78% after investment in working capital.

-- Total dividend increased by 20% to 4.40p per share as a result of a strong performance and confidence in the Group's outlook.

Operational Highlights

-- Introduction of updated strategic priorities setting out the Group's plans for long term, sustainable growth

-- Establishment of new international routes to market in the USA and Japan.

-- In Track Testing, the launch of additional new products including Ground Traffic Control software for proving ground automation, TrackFi Powermesh advanced radio system and heavy-duty versions of both the Guided Soft Target and Launchpad ADAS targets.

-- In Laboratory Testing and Simulation, the Group has further developed the aVDS simulation market with key strategic sales and development of increased product functionality whilst launching the new ANVH 250 product line.

-- Construction commenced on a new 2,850m(2) facility for new product development and simulation.

-- Following a successful share placing in May 2019, raising net proceeds of GBP48.2m, acquisition expenditure totalled GBP35.4m with GBP18.1m on rFpro and GBP17.3m on Dynamic Research Inc.

Commenting on the full year results, Dr James Routh, Chief Executive Officer said:

"The Group's performance in 2019 was very strong, delivered through continued development of new products and services to a buoyant market for Advanced Driver Assistance Systems and autonomous vehicle development. AB Dynamics delivered another year of strong growth in adjusted earnings per share whilst simultaneously initiating the delivery of the Group's updated strategic priorities, including the acquisitions delivered during the second half. Despite global macro-economic uncertainty and challenges facing the automotive sector, the Board remains confident that the Group will continue to deliver further growth in the coming year."

[ariane] 26/11/2019 17:33

Price (GBX) 2,850.00 Var % (+/-) +4.97% (Up +135.00)


pre ordained


florenceorbis
26 Nov '19 - 13:17 - 788 of 789
0 1 0








The tendency within the weekly time frame is positive above the technical support level at 1850 GBp

[effortless cool] 26/11/2019 17:13

That was quite a finish. Results will have to be superb to drive further progress tomorrow.

[scooper72] 26/11/2019 13:04

Why do you think Foxtons are such a prospect? Genuinely curious. Surely you would want to first see signs of the housing market finding some stability and confidence on what the future holds.

[ny boy] 26/11/2019 12:55

Either 3150 or 2500 tomorrow, I banked profits to buy more FOXT

[florenceorbis] 26/11/2019 12:06

Likely break throufh 1815p if all goes well tomorrow

[albie two shoes] 26/11/2019 11:58

Thanks EC. Been holding and adding since 500. I think and hope the results tomorrow could be a breakthrough moment. Fingers crossed.

[effortless cool] 26/11/2019 11:54

This is so volatile and I have no idea which way it will break tomorrow. I haven't updated my forecasts since H1 because I need to incorporate the rFpro and DRI acquisitions and I am waiting to see what information we get on them in the report and accounts.

For quick reference tomorrow morning, the latest broker consensus forecasts are:
Revenue: £55.1m
Net profit: £11.8m
Normalised EPS: 53.9p
DPS: 4.07p

[turvart] 24/11/2019 00:34

I always stated about 5 months ago that resistance was at 2700, but these results will be good and I wouldn’t be surprised to see ABDP just smash to 3500-4000 levels.

[ariane] 23/11/2019 20:59

Upcoming events on AB DYNAMICS PLC

NOVEMBER/27/2019 FY 2019 Earnings Release

Seems to be a number of resistences to crash through before the dizzying heights

next wednesday might well decide FUTURE TREND and tell all


NY Boy
23 Nov '19 - 20:13 - 779 of 780
0 1 0
2720 resistance, just above.

Top of up trend channel, around 3150/3250, be surprised if it break that level, depends whether they sell the news?

[ny boy] 23/11/2019 20:13

2720 resistance, just above.

Top of up trend channel, around 3150/3250, be surprised if it break that level, depends whether they sell the news?

[turvart] 23/11/2019 16:54

Possibly even 4000, this is going into orbit!

[turvart] 23/11/2019 16:48

3500 here we come! This is going to smash big time! Fasten your seat belts we will have lift off!

[ny boy] 22/11/2019 07:40

Tick..tock, 3 trading days to to

[metis20] 19/11/2019 07:20

FY results 27th November



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.

[thebradski007] 19/11/2019 06:19

Hi does anyone know when results are due? Thanks in advance

[metis20] 18/11/2019 19:50

Not to forget - to add to the May 2019 placing of £45mn at 2200p - June 2019 open offer also at 2200p to raise a further £5mn - hugely over subscribed - very strong demand for shares at 2200p.

The Open Offer closed for receipt of applications at 11.00 a.m. on 5 June 2019 and the Company is pleased to confirm that it was heavily oversubscribed. The Company received valid applications from Qualifying Shareholders in respect of 1,518,643 Open Offer Shares. This represents 667.5 per cent. of the maximum of 227,500 Open Offer Shares available under the Open Offer. Admission of the Open Offer shares is subject to passing the relevant resolutions at the General Meeting

Also - Net cash position as at 28 February 2019 was £18.9m (H1 2018: £12.9m; FY 2018: £15.9m)

(There were no placings in 2017 or 2018.)

[ny boy] 18/11/2019 19:23

Liberum Latest target price 3125p last month, share price is back within the up trend channel, only negative is Chairman and Director/s sold a very large chunk of shares between 2640/2750p on the last rise but interestingly did not buy back any at 2200...why?

PE 70.36 ..not sure if that is a concern going forward?

See what the results bring, expected to be strong but are we all priced in yet?

[rob762243] 18/11/2019 16:15

I can't see it going up massively it's already very expensive as it is

[simon canning] 18/11/2019 14:27

Anyone going to have a guess at the change post results? Could shoot up loads I fancy

[ny boy] 18/11/2019 12:12

Solid technical play, following support hold at 2200p

Latest...

AB Dynamics plc has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The stock has given positive signal from double bottom formation by a break up through the resistance at 2390.

Further rise to 2640 or more is signaled. The stock is approacing resistance at 2720 pence, which may give a negative reaction. However, a break upwards through 2720 pence will be a positive signal.

Positive volume balance strengthens the stock in the short term. The stock is overall assessed as technically positive for the medium long term.

[ny boy] 18/11/2019 09:46

On the move again, quality stock & solid management, next is (BOOM) my neighbour Candy is accumulating, he has the Midas touch, selling One Hyde Park before the Prime London Property collapse.

7 trading days to results