Adept Technology Share Discussion Threads

[gargleblaster] 27/9/2018 09:40

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.

[caterham88] 28/8/2018 14:37

Only just became aware of this share following a video from Mello I viewed last week. Fundamentally this company ticks all the boxes for me, so today bought 10,866 shares.

[gargleblaster] 20/8/2018 14:53

Thanks for that Tomps - good to see that Fishwick has topped up again today.

[tomps2] 20/8/2018 10:20

SP rise today more likely because of the Shift F7 acquisition - which will be earnings enhancing from completion.

Here is an interview by Judith MacKenzie, Downing LLP whose Strategic Micro-Cap IT has a 10% holding in ADT.

hxxps://www.piworld.co.uk/2018/08/20/judith-mackenzie-meets-adepts-ceo-ian-fishwick-july-2018/

Today's acquisition endorses the strategy discussed in the interview. Worth a watch.

[gargleblaster] 20/8/2018 09:15

May have popped today as a result of John Rosier extolling its virtues in IC.

[gargleblaster] 10/8/2018 14:31

Forward earnings on Digitalook seem weak - figs not appeared on Sharescope yet - not sure if this may have been a catalyst.

[essential] 09/8/2018 11:45

Its on relatively low volume. It's an illiquid stock so meet nor volume me impacts the price substantially up and down. Nothing has changed as far as I can see

[malcontent] 08/8/2018 20:46

price will go back and test 350p which acted as resistance for some time

If 350 holds, it becomes support and we build from there

[gargleblaster] 08/8/2018 16:14

Got bludgeoned today - anyone the wiser for why?

[essential] 20/7/2018 07:29

Bought into these. Stockrank 90+ and technically looking strong

[gargleblaster] 17/7/2018 13:05

what happened there - looks like a bit of price manipulation!!

[sspurt] 17/7/2018 11:24

Interesting move these last few days. The shares are thinly traded but even so...
not sure the recent figs explain it all

[kazoom] 12/7/2018 19:54

I have been critical (constructively I hope) of some of Walbrock's articles on various companies in the past.

The linked article on Adept though is utter garbage isn't it?

Sorry Walbrock - I know you explain that your are "super busy" but if you cannot even make sense, what is the point?

[wilmdav] 12/7/2018 16:27

I would be interested to know where Walrock got his eps forecasts from.
According to Sharepad, forecasts prior to the prelims announcement were as follows:

. 2018 2019Revenue 44.36 48.13EBITDA 9.63 10.50 Pre-tax profit 7.43 8.20eps 22.8 25.1Dividend 8.7 9.5Actual Revenue 46.43EBITDA 10.13 (Co. adjusted)PTP 7.79 (" " )eps 28.1 (" " )Dividend 8.75Broker forecasts for companies of this kind are normally based on similar criteria as company adjusted figures. Forecasts were slightly exceeded on all fronts except eps, which was significantly ahead of even the 2019 forecast. At present I can see no explanation for this. The company's adjusted eps figures look OK to me. It looks as though they were simply daft eps forecasts.

[gargleblaster] 11/7/2018 13:11

Thanks for that Walbrock - are you the author of the piece?

I have to say that the final line of the conclusion of the article seems strange.

..................................................

"Share price verdict: I’m amazed this company is still valued at below £100m. In the past, acquisition type businesses are super favourable in the market and command a PE of 30 to 40 times earnings.

For Adept, its PE is at 20 times earnings, but on an OCF-basis this falls to 10 times.

Overall, the shares are fairly-valued at first glance".
.....................................................

The writer, having stated that he/she is amazed at the low value of the company relative to the rest of the market then adds that the shares look to be fair value! One of those statements has to be wrong - unless the opinion is that the market is massively over-valued and that Adept unlike the rest of the market is fair value?

By the way based on the projections by Sharescope the fwd per is between 15 and 16. in my book that is cheap.

[walbrock82] 11/7/2018 11:51

A great company for shareholders with one misleading highlight, read more

[phowdo] 09/7/2018 09:17

They have a history of being a bit leaky ahead of news.

phowdo - 03 Feb 2017 - 08:47:19 - 345 of 394 adept telecom - ADT
Unfortunately there's some "loose lips" here.
See the trading update in Aug 2015 for a prior example.

[steve3sandal] 06/7/2018 15:47

It makes a change for me. Recently had a few fall dramatically ahead of results.

[par555] 06/7/2018 15:08

Nice rise today.Results due next Tuesday - connection ?

[tomps2] 01/5/2018 08:15

Adept (ADT) presentation at Mello Derby 2018

An excellent overview by Ian Fishwick (CEO) & John Swaite (CFO)



Introduction – 00:18
Key fundamentals - 01:12
What Adept do – 04:18
Revenue & EBITDA - 05:20
Telecoms & IT - 06:12
Market size – 11:55
Group structure – 12:51
Key stats – 15:20
Acquisitions: Atomwide - 16:32
KPIs: revenue - 20:18
KPI: customer sector – 21:55
KPIs: EBITDA – 25:33
KPIs: Free cash flow - 26:45
KPIs: Leverage control – 27:53
KPIs: EPS - 29:25
KPIs: Dividend policy – 29:52
Q&A – 30:32

[wilmdav] 16/4/2018 15:56

On the face of it, this company is sailing close to the wind financially but the high proportion of director shareholdings is reassuring.