Adept Technology Investors - ADT

Adept Technology Investors - ADT

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Adept Technology Group Plc ADT London Ordinary Share GB00B0WY3Y47 ORD 10P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 249.00 00:00:00
Open Price Low Price High Price Close Price Previous Close
249.00 249.00 249.00 249.00 249.00
more quote information »
Industry Sector
FIXED LINE TELECOMMUNICATIONS

Top Investor Posts

DateSubject
22/1/2021
13:00
crispfin: Maintel does look similar but at a quick glance the gross margins seem quite different (adept is quite a bit higher) so presumably there is some difference in service mix. At the very least, this should hopefully open up some other investors to the potential under priced value in these small cap managed services businesses (Adept amongst others).
16/11/2020
13:57
red ninja: Comment from Downing Strategic Micro IT interims (out early November) :- AdEPT Technology Group PLC (AdEPT) (7.23% of net assets) Cost: £3.59m. Value as at 31 August 2020, £2.65m Adept Technologies is an independent provider of unified communications and managed services for the communications and IT sector. Update to the investment case Positive trading update and FY results for year ended 31 March 2020 Revenue increased by 20% to £61.7m Managed services revenue increased 30% year on year Managed services accounted for 81% of total revenue and EBITDA Acquisition integration “Project Fusion” nearing completion Net indebtedness Progress against investment case AdEPT provided an encouraging COVID‐19 trading update and positive FY results to 31 March 2020. Since the beginning of the pandemic, sales volumes have fallen significantly less than management’s predictions, partly attributed to the group’s beneficial public/ private split. While installations were lower, the group was heavily involved in the education sector where it worked on cloud migrations, helped by the Department for Education’s provision of additional funding to assist schools in moving to the cloud to support remote working. Debtors and cash generation was strong through the period, with debtor days falling from 48 to 42 days, and the group repaid an £8 million term loan which it drew down at the beginning of the crisis for liquidity purposes. Full year results were equally reassuring, with revenue up by 20%, EBITDA up by 9%, and margin increased to 19%, while cash conversion was much improved to 82%. Recurring revenues at 75% were also stable. AdEPT continues to be lowly rated given the quality of the underlying model which combines moderate growth with revenue visibility, high margins, and low capital intensity. We suspect that the biggest turn off for the market is its debt levels, and we are engaging regularly with management over the correct handling of this since it can provide a significant barrier for potential investors who are even more wary of indebtedness in the current climate. The appointment of N+1 Singer as new broker may begin to generate new interest in the shares which offer great value at the current price.
09/11/2020
00:51
davidosh: Just to mention that Judith Mackenzie of Downing who are one of the key shareholders in Adept will be interviewed by me on MelloMonday tonight. She will also be one of the panelists on the BASH session. The Mello Monday event starts at 6pm The full programme is available on the website. In the MelloBASH... The analysts, fund manager and well known investors on the panel will give their honest verdicts on whether four/five companies are a Buy Avoid Sell or Hold at this current juncture in the markets. Https://melloevents.com All investors welcome and if you use the code MMV5 you will get a half price ticket. Great investor content and entertainment. We had nearly 400 investors attend last month so these are very popular.
02/9/2020
10:28
red ninja: Comment from Downing Strategic Micro Cap IT Aug 2020 Investor Letter :- hxxps://assets-us-01.kc-usercontent.com/8c961317-6aee-00a7-e4b6-ae38cd847d2d/0a0a04a3-83fa-4caf-ae13-d1644d72e7cc/PE3041_Downing%20Strategic%20Micro-Cap%20Investment%20Trust_Investor%20.pdf ADEPT TECHNOLOGY PLC – provided a reassuring COVID‐19 trading update which highlighted that sales order intake had fallen significantly less than management’s assumptions,partly attributed to the beneficial public/ private split which AdEPT maintains. While installations were lower, particularly in on‐site project work, AdEPT was kept busy in the education sector where it worked on cloud migrations, helped by the Department for Education’s provision of additional funding to assist schools in moving to the cloud to support remote working. Finally, debtors and cash generation was strong through the period, with debtor days actually falling from 48 to 42 days, and the business was able to repay an £8 million term loan which it drew down at the beginning of the corona‐crisis for liquidity purposes. AdEPT's results for the year to 31 March 2020 were equally reassuring. Revenue increased by 20%, EBITDA increased by 9% and margin increased to 19%, and cash conversion was much improved to 82%. Recurring revenues at 75% were also stable. AdEPT continues to be lowly rated, in our view, given the quality of the underlying model which combines moderate growth with revenue visibility, high margins, and low capital intensity. We suspect that the biggest turn off for the market is the level of debt in the business, and we are engaging regularly with management over the correct handling of this. While the overall quantum and ability to pay isn’t concerning to us, optically it can provide a significant hurdle for potential investors who are even more wary of indebtedness in the current climate. We hope that the appointment of a new broker can begin to generate new interest in the shares which offer great value at the current price
23/7/2019
14:30
macc1: Investor Overview with Chairman Ian Fishwick & CEO Phil Race. A good overview of their service, client base & growth strategy etc: hTTps://youtu.be/NPfMq74PwaM
03/10/2018
13:06
davidosh: Just to let you all know that Adept Technology Group will be presenting at our very big investor event in Chiswick W4 next month on Tuesday 27th November. MelloLondon is a two day event and starts on Monday 26th November. You can find out more here... Http://melloevents.com/mello-london/ There will be 60 quality companies exhibiting and presenting plus some very well known investors, entrepreneurs, fund managers and market commentators providing excellent keynote talks on a range of investment subjects. A number of investment workshops will be available each day and a ShareSoc MasterClass on the final day.
27/9/2018
09:40
gargleblaster: Good move today and I'm pretty sure that it is on the back of the expected name change to Adept Technology Group Ltd. This in my view will make it more attractive to investors who largely will be unaware that it is a tech company. Good to hear that the integration of Shift F7 seems to be going well.
09/2/2018
15:27
davidosh: Just to mention that Adept Telecom will be presenting at our huge Mello2018 event in Derby on 26th April and all shareholders and potential investors are welcome to attend Http://mello2018.com/index.html ADT have never attended or presented at a big Mello event before but were very popular at our Beckenham dinner a few years ago and the share price has nearly doubled since then and we are very pleased to welcome them to the Derby event. This will be an ideal opportunity to meet the management and hear about their strategy. Do come and join us at this quality two day event and there will be at least 35 other companies to meet each day plus some fabulous keynote speakers.
10/10/2017
08:40
aim_trader: Adept Telecom management will be presenting to investors at the Tech Capital Conference on 24th October. For details and registration, click here: https://tinyurl.com/ya3eda6n
09/4/2015
22:34
davidosh: Adept came to my Mello event four months ago when they were trading at £1.20 and these are the kind of companies that our investor group like to meet and understand where the potential growth is coming from. Our next event has 30 companies attending and presenting to investors and you are all welcome to join us. Adept have been invited. There will be over 50 investor workshops too. www.melloevents.com/mello-workshop/
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