Ab Dynamics Share Discussion Threads

[charo] 01/12/2020 06:36

Fair value allowing for growth 750p.

[ny boy] 26/11/2020 12:46

How much of their business is export? £ has appreciated 7-10%, maybe a contributing factor? Will read the latest broker updates over the coming weeks, meanwhile current S/R levels are as follows:-

Supports Support1: 1778.86p Support2: 1500.00p
Resistances Resistance1: 2230.00p Resistance2: 2604.64p

[ali47fish] 26/11/2020 12:11

boy another 9pc down -tell me when it becomes an opp to buy

[ali47fish] 25/11/2020 14:29

what is the per for abdp anyone knows please!

[hydrogen economy] 25/11/2020 10:13

Adam

Thanks, it's always hard to see the real picture after acquisitions due to one-offs, I hope you are right and costs settle to a manageable level.

[energeticbacker] 25/11/2020 10:12

AB Dynamics: results broadly in line, loads of potential but....but Investor's Champion is GETTING FED UP WITH QUESTIONABLE ADJUSTMENTS! More detail on their website.

[adamb1978] 25/11/2020 09:44

Hi Hydrogen

If you strip out exceptionals then the admin costs went from £14.4m in FY19 to £23.3m in FY20, so not as big a jump and that figure for FY20 was oddly weighted to the first half with H2 being just £8.6m. I'd suggest that that 8.6m figure looks more normal compared to the previous trajectory and would be the appropriate basis to project forward, so perhaps £20m clean opex next year?

Adam

[hydrogen economy] 25/11/2020 09:24

Its a bit hard to judge much given the disruption of the pandemic but one thing which seems concerning is the increase in administrative expenses from 16.5 to 29.2m. They have opened new overseas offices and expanded facilities at home so some increase is to be expected, but this seems a big jump. If revenues and profits had risen accordingly that might not be a big issue we will need to wait for next years numbers to judge the expansion. I would prefer some consolidation before much more acquisition, the ROCE needs to catch up to validate recent purchases.

[adamb1978] 25/11/2020 09:01

Just to put that presentation change on share based payments in context, its worth over 6p to EPS so £2+ on the share price!!! Conservatism is good to see in management, but going against the market isn't. Good thing I guess is that they flagged the change so that we all can adjust our own figures

[adamb1978] 25/11/2020 08:39

First glance: the results are as expected. Company is very conservatively managed and that comes across in the commentary, and even things like not adjusting for share based payments in their adjusted earnings figures - whether or not thats the right thing to do it goes against 90% of the market norm.

I trimmed by holding on Monday in anticipation, but still think this is a solid company with long-term drivers which should grow at say 10%-15% p.a. over the next 5-10 years, and therefore deserve a PE in the 30s

[paulisi] 25/11/2020 07:39

Slightly underwhelming, but the dividend is back and looking at further acquisitions.

[adamb1978] 24/11/2020 14:01

They've already communicated the headlines so it shouldnt be too much of a surprise, and 2021 will obviously be a covid-recovery year

The main thing which I'd like to see would be something about long-term goals - for example, double turnover within [x] years, or grow at between x% and y% over the medium term etc. The structural drivers are all there, but would help guide the market

[saab9] 24/11/2020 13:45

Oh it's tomorrow already? Get ready for all the idiots to sell even when there's good news.

[effortless cool] 24/11/2020 13:34

Showing decent strength recently ahead of the full year results tomorrow.

Buy on the rumour, sell on the news? We'll see ....

[tongosti] 30/10/2020 15:45

Well that's it for me at this juncture. Out flat on this share. Don't like the price action. If and when things improve I will reconsider.

[tongosti] 27/10/2020 16:17

Very indeterminate price action at the moment but odds still favour the long side. Been in for a few weeks but if we don't breakout soon I will be happy to take whatever little profit and wait for a more favourable time.

[investopia] 27/10/2020 12:13

Crouching ready for another leap higher?

[tongosti] 19/10/2020 12:29

Trying to resume the trip North ...

[tongosti] 12/10/2020 09:46

Relative strength encouraging and price moving in the right direction since BO but we def need volumes coming in so that the upmove is validated beyond doubt. Quietly confident.

[tongosti] 08/10/2020 13:10

Odds are we will. The sector this business finds itself in has been moving in the right way for several weeks now. Combined with the most recent bo it stacks odds on the long side. Good luck all.

[saab9] 08/10/2020 13:07

Been a long time coming. Hopefully keep going.

[tongosti] 08/10/2020 12:56

We seem to be on the move fellas. Need some volumes to substantiate yesterday's bo.

[tongosti] 07/10/2020 18:29

Uncertainty is part and parcel of it all of course. My own definition of it is 3x my stop loss (sometimes you get there in a few days some other times you may need a few weeks). Breakouts (carefully selected) that come out of tight contractions work 50-60% of the time on average. Such combination provides one with a real edge over the longer term.

[ali47fish] 07/10/2020 18:11

ton what's a swing trade- i' ve never been able for a long time to find a low enough entry to add to my holding- good company but share price unpredictable