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ABDP Ab Dynamics Plc

1,750.00
-10.00 (-0.57%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ab Dynamics Plc LSE:ABDP London Ordinary Share GB00B9GQVG73 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -10.00 -0.57% 1,750.00 22,752 16:35:15
Bid Price Offer Price High Price Low Price Open Price
1,730.00 1,750.00 1,740.00 1,740.00 1,740.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 100.77M 10.99M 0.4797 36.27 398.48M
Last Trade Time Trade Type Trade Size Trade Price Currency
18:02:34 O 245 1,747.726 GBX

Ab Dynamics (ABDP) Latest News

Ab Dynamics (ABDP) Discussions and Chat

Ab Dynamics Forums and Chat

Date Time Title Posts
13/3/202415:16AB Dynamics - The Long Story1,417
22/11/202117:08AB Dynamics - motoring ahead5
22/11/201522:19advanced automotive testing systems255

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Ab Dynamics (ABDP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17:02:341,747.732454,281.93O
16:54:501,736.001,50026,040.00O
15:37:551,750.0060810,640.00O
15:36:501,750.0044770.00O
15:35:491,750.004507,875.00O

Ab Dynamics (ABDP) Top Chat Posts

Top Posts
Posted at 16/4/2024 09:20 by Ab Dynamics Daily Update
Ab Dynamics Plc is listed in the Engineering Services sector of the London Stock Exchange with ticker ABDP. The last closing price for Ab Dynamics was 1,760p.
Ab Dynamics currently has 22,901,030 shares in issue. The market capitalisation of Ab Dynamics is £398,477,922.
Ab Dynamics has a price to earnings ratio (PE ratio) of 36.27.
This morning ABDP shares opened at 1,740p
Posted at 02/2/2024 13:50 by rob762243
No tangible shift in the price though
Posted at 20/12/2023 14:11 by effortless cool
Well, since ABDP own rFpro, I would say it is clearly relevant.
Posted at 20/12/2023 13:20 by ali47fish
piedro is it relevant to abdp
Posted at 24/10/2023 15:07 by dab26
I'm not smart enough to make price prognostications, but I would note that this is all happening in the aftermath of an ahead-of-expectations trading update from 28th September, which seems to reaffirm just how negative sentiment has become.

I imagine I will be buying some more, but not right now given this price action...
Posted at 24/10/2023 14:27 by ny boy
All you techies out there, downside chart targets 1220 or 1020p

Automatic technical analysis. Medium term, Oct 23, 2023
AB Dynamics plc has broken down through the floor of the falling trend channel in the medium long term, which signals an even stronger falling rate. The negative development, however, may give rise to short term corrections up from today's level. The price has had a strong fall after the negative signal from the head and shoulders formation at the break down through the support at 1732. The objective at 1427 is now met, but the formation signals further development in the same direction. The stock has support at pence 1220 and resistance at pence 1600. The short term momentum of the stock is strongly negative, with RSI below 30. This indicates increasing pessimism among investors and further decline for AB Dynamics plc.
Posted at 03/10/2023 10:02 by jurgenklopp
General market not withstanding I think ABDP are ready for the next leg up.
Posted at 25/4/2023 14:59 by km18
ABDP issued interim results for the six months ended 28 February 2023. The Group delivered results in line with expectations. The group reported revenue £49.0m, increased by 30% against H1 2022. During the first half of the year, the company achieved a robust financial and operational performance, with growth observed in the core business as well as in ABD Solutions and simulation business. Although there were challenges due to supply chain disruption and economic uncertainty, the company managed to increase revenue, operating profit, and operating margins. The company has been investing in all aspects of the business, enhancing capability, and supporting ambitious growth plans. The automotive industry's core markets have promising opportunities, and the company is investing in new product development and technology to leverage this potential...... from WealthOracle
Posted at 06/4/2023 16:15 by alter ego
ali, Piedro linked to an article about work ABDP are doing. If you read it, you will see the new technology has to choose whether to use WiFi or 4G/5G. ABDP do not have to make that choice but car makers do.
Posted at 23/3/2023 08:37 by robow
from Citywire
AB Dynamics premium is justified, says Peel Hunt
Peel Hunt is increasingly confident about the prospects for AB Dynamics (ABDP) as it believes the tester of autonomous vehicles is making strategic progress.

Analyst Henry Carver reiterated his ‘buy’ recommendation and increased the target price from £17 to £18.80 on the stock, which moved up 5.3%, or 85p, to £17.05 on Tuesday.

The group reported ‘encouraging’ first-half results with a ‘solid order book’ and ‘decent’ visibility into the second half.

‘While we are not changing our forecasts, our confidence continues to be bolstered by the evidence that the strategic progress and investment in the group are bearing fruit,’ said Carver.

‘The balance sheet is in great shape, with net cash of over £20m after the £16m payment for Ansible, and the long-term outlook for track testing, lab testing and simulation, and ABD Solutions looking as compelling as ever.’

Carver added that the shares trade on 28 times August 2024 price/earnings, which is ‘a justified premium to undiluted exposure to this high structural growth end market’.
Posted at 12/1/2023 11:27 by robow
from Shares magazine

The automotive sector is in flux amid a transition to electric and hybrid vehicles as well as developments in assisted driving technology and frequent changes in safety and regulatory standards. That’s good news for UK engineering champion AB Dynamics (ABDP:AIM) which is one of the best performing AIM companies of the last decade.


If you invested £1,000 when the company floated in May 2013, you would be sitting on a stake worth £16,000 today, less any transaction or investment platform fees. That same £1,000 invested in a FTSE 100 tracker would be worth just £1,450, with both calculations based on total return data from SharePad.

Before the pandemic the returns on a long-term investment in AB Dynamics shares would have looked even more impressive. Supply chain issues affecting the wider industry hit the company’s profit, and the current share price of £16.11 compares with peaks above £27 in 2019.

That pullback in the share price might interest investors looking for a better entry point into this unique business on the UK stock market.

WHAT DOES AB DYNAMICS DO?

Founded more than four decades ago by Anthony Best, who served as chairman until 2021, AB Dynamics provides testing systems to the automotive industry from its Wiltshire base.

Customers include the 25 largest automotive manufacturers, key tier-one suppliers (the businesses which provide the components and devices used in the manufacture of cars) and large technology companies. It even counts the Alfa Romeo Formula One team among its clients.

These companies use AB Dynamics’ products for vehicle testing; ADAS (advanced driver assistance systems) development; driverless car technology evaluation; suspension, chassis and steering system development; and noise, vibration and harshness testing.

Its products and services include advanced driving simulators, driving robots and precision soft targets – effectively inflatable to-scale cars, motorbikes and other road users – for track testing.

‘With eight mandatory ADAS features required in all cars sold worldwide by May 2024, and a push towards autonomous vehicles that require extensive reliance on simulators and laboratory testing to optimise development, we believe that AB Dynamics’ premium positioning will enable it to benefit from strong demand tailwinds,’ says investment bank Berenberg.

Despite pressure on profitability resulting from the pandemic, a supply chain squeeze and investment in new ventures, AB Dynamics still generates strong returns with an operating margin of 15.8% in the year to 31 August 2022.

BRANCHING OUT INTO NEW FIELDS

While there is no suggestion AB Dynamics sees a lack of longer-term opportunities in its core automotive sector, the company has begun to diversify. Its newly launched ABD Solutions business offers easy-to-install, retrofit kit which can transform a standard vehicle to an autonomous one.

Recognising that widespread adoption of automated vehicles for road-use remains some way off, it is targeting the mining, defence and specialist industrial sectors. Its solution could, in theory, help rapidly and cheaply reduce costs and safety risks in these industries.

Chief executive James Routh acknowledges to Shares it will take time to build scale in this new division which is currently guided to make a positive contribution to earnings in the financial year ending August 2024.

Routh says: ‘We’re not guiding for huge things straight away. In mining and defence applications which are safety critical there is a lot of emphasis on getting it right and that’s going to take longer as a result, whereas we should be able to convert specialist vehicles on waste management sites a lot quicker, but these are smaller contracts.’

Meanwhile, regulatory changes are providing support to the core business. The European New Car Assessment Programme recently published its 2030 roadmap. As Liberum analyst Sanjay Vidyarthi observes: ‘The test scenarios continue to get more complex, requiring new permutations such as changing weather conditions, different types of vulnerable road user (e-scooters) and, increasingly, the interaction between the driver and ADAS features.

‘We think this will play into AB Dynamics’ suite of simulation and track testing products, a point supported by the fact that all of its ADAS test platforms and targets have now been approved for use in Euro NCAP testing ahead of the introduction of the new 2023 protocols,’ adds Vidyarthi. This has significance outside the continent itself as Europe often leads the way on safety standards.

HOW EXPENSIVE ARE THE SHARES?

Companies with regulatory-driven business are often rewarded with bumper equity valuations and AB Dynamics is no exception, trading on 32 times forecast earnings for the 12 months to 31 August 2023.

In the short term this might make an investment in the stock more of a risky proposition but longer term the growth prospects look excellent and it is a well-run business with an impressive track record.

AB Dynamics has a very strong balance sheet with net cash of £29.3 million. Cash flow generated from operations has increased from £2.1 million in the 12 months to 31 August 2013 to more than £20 million in the last financial year.

Self-funded acquisitions to supplement organic growth seem plausible. Routh says the company is debt averse, with its financial strength offering reassurance to its customer base. The company pays a modest dividend, but the yield is nominal at best at around 0.3% based on consensus forecasts.
Ab Dynamics share price data is direct from the London Stock Exchange

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