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Share Name Share Symbol Market Type Share ISIN Share Description
Adept Tech. LSE:ADT London Ordinary Share GB00B0WY3Y47 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 360.00p 350.00p 370.00p 360.00p 360.00p 360.00p 2,500 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Fixed Line Telecommunications 46.4 4.5 16.6 21.7 81.03

Adept Telecom Share Discussion Threads

Showing 476 to 499 of 500 messages
Chat Pages: 20  19  18  17  16  15  14  13  12  11  10  9  Older
DateSubjectAuthorDiscuss
15/1/2019
11:47
I had to pay 360p for stock last week. This leaves with instant losses of 6% , so yes it's a fairly horrible spread.
robsy2
15/1/2019
11:46
Morning All I was introduced to AdEPT Technology (ADT) in the Mello conference in London last November and I liked what I saw. This is my reasoning . I write this stuff to get my ideas clear before I buy , it also reminds me why I bought the sharees in the first place , useful if things don't pan out as expected... I pass it on in the spirit of sharing and also to invite comment. So , just to be clear , this isn't a recomendation, it's just an explanation of why i bought the shares. If there are any fatal flaws in the reasoning , I'd be pleased to hear them. -------------------------------------------------------------------------------- IMHO,This looks like good business. ADT is a well- regarded, multi- award winning business and one of only three companies quoted on AIM that has increased their earnings for each of the last 10 consecutive years (out of a total of 941 companies). The business has evolved from their original work based around cabling and getting the fixed-lines telephone systems working, to the point now where they design, install and maintain communications systems to many organisations including 100 UK councils, NH Trusts and other government bodies. Apparently 79% (and rising) of their business income comes from managed services, so income visibility is very high. The business model is stable, profitable with good returns on capital, strong cash-flow and they have a developed a formula for growing the business. They grow organically as they add services to their client offerings but they also grow through acquisitions. Having made 26 acquisitions over the years they are obviously pretty good at integrating them into the group. This is a big plus for me because a lot of highly acquisitive businesses run into problems with this. They have a floating line of credit, ready to finance the acquisitions as they are identified. Acquiring other smaller businesses allows them to eliminate competition, broaden their product range and operational ability, and capture clients and also decent personnel to add to their skill-set. The management team come over well. The main man, Ian Fishwick is impressive. He is an industry veteran, multi award-winning executive who is passionate, hands-on, smart and driven: You get the impression that he runs a very tight ship indeed. The whole organisation oozes professionalism. They are small, committed and demonstrate an impressive attention to detail. The rigour, control and focus are evident. The website also has a good feel. He says he has built the company up by closely focussing on the “here and now” operationally, while keeping a keen eye on the future. This means, weekly sales meetings, and tight control of costs and delivery of objectives on-time and within budget. His stamp and feel is all over their company. He clearly keeps his 248 employees on their toes, but happy as well. He says they rarely lose clients or members of staff. It all feels good and the focus certainly shows up in the figures with consistently high returns on capital, (well above industry norms) and with no signs of slippage. It is worth noting that Ian Fishwick, founder and executive chairman responsible for strategic direction and acquisitions, has a lot of his wealth invested in the business. He, his family and the directors are the principal shareholders and own 43% of the shares. They will want to keep doing well. They see lots of opportunity to grow and are well placed to get more business. They are very unfazed by BREXIT etc and see few obstructions to moving forwards. The more businesses they acquire, the less competition they have and the more customers they capture. This makes the on-selling easier, as their customer base and offering broadens. Their company specific expertise helps them get more business and their scale means that they get the best back-up and pricing etc from the companies that produce all the kit that they specify, combine and assemble into systems. They also make the point that the more services they add and sell, the more difficult it is for clients to leave them, even if they wanted to, which he assures us they don’t. He also says that he has no problem finding customers for their services or target companies to buy. There are millions of potential customers, they have just 15000. They see a substantial opportunity to grow the business. By specialising in sectors like schools, councils, doctor’s surgeries, schools, hospitals, business centres etc. Adept has built- up industry-specific expertise and also a lot of high level contacts in government. They are well- placed to add more similar clients and further grow the business. It all looks like an ever more virtuous circle. The historical figures show the consistency of performance. The company has a good formula and an excellent track record of delivery. We are betting that they can keep up the good work. The figures look good and the company has a StockRank of 91* which is very high indeed. *A measure of quality, value and momentum- QVM. It is on a fairly reasonable rating with the PER of 11.3 on 2019 expected earnings, earnings that they are certain they are going to achieve. It yields 2.75%, lower than I would like, but it’s a progressive dividend policy and the reality is that they re-invest the bulk of their earnings and they invest well. As I said above, Ian Fishwick, his family and the directors and employees own 43% of the shares. They will all want to keep doing well. I think we should follow them. CONCLUSION They have an enviable track record and a proven ability to grow their business and maintain margins. They are disciplined, focussed and efficient and they have a very well worked strategy. Their tremendous track record deserves respect. The offer high earnings visibility and a systematic way of growing their business. They are confident of their ability to move forwards. Mr Fishwick describes the company as a “cash machine”. The evidence to date supports his claim. Both the marketplace they serve and the technology they deploy will continue to evolve but they have shown themselves to be able to go with the flow of change and re-enforce their position as trusted technology providers. I have a target price of 500p in 12-18 months for an upside of 40-50% including dividends.
robsy2
02/12/2018
13:38
AdEPT presentation by CEO, FD and Group MD at Mello London, last week. Https://www.piworld.co.uk/2018/12/02/adept-technology-adt-presentation-at-mello-london-november-2018/ Introduction, and opportunity to win a bottle of champagne! -00:22 ADT key fundamentals - 01:45 Strategy: Telecoms – unified comms – IT & hosting – 04:35 ADT by numbers - 10:13 KPIs: Product revenue - 12:33 KPIs: Customer sector – 14:14 Partners - 16:36 Accreditations & awards - 17:31 Interim results highlights (Sept 18) - 18:17 Latest update – acquisitions - 25:13 Q&A - 27:11
tomps2
08/11/2018
09:54
Another bolt-on which the market likes - almost 10% up!
gargleblaster
03/10/2018
13:06
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.
davidosh
02/10/2018
09:26
Do we need a new thread to go with the new company name?
blusteradjuster
27/9/2018
19:44
400 pence per share well done Adept
malcontent
27/9/2018
17:33
Just realised that it was ex-div today - so worth an extra 4.5p on top of the rise today. Nice!
gargleblaster
27/9/2018
09:55
Yes, perhaps Cantor Fitzgerald are earning their PR-purse. htTps://uk.advfn.com/stock-market/london/adept-telecom-ADT/share-news/AdEPT-Telecom-plc-Appointment-of-Nomad-Broker/78143927
blusteradjuster
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.
gargleblaster
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.
caterham88
20/8/2018
14:53
Thanks for that Tomps - good to see that Fishwick has topped up again today.
gargleblaster
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.
tomps2
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.
gargleblaster
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
essential
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
malcontent
08/8/2018
16:14
Got bludgeoned today - anyone the wiser for why?
gargleblaster
20/7/2018
07:29
Bought into these. Stockrank 90+ and technically looking strong
essential
17/7/2018
13:05
what happened there - looks like a bit of price manipulation!!
gargleblaster
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
sspurt
13/7/2018
11:19
Written Q&A available through DT - http://bit.ly/2uidm0n
astonedt
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?
kazoom
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.Http://www.david-wilmshurst.co.uk/adt/adt_data.htm
wilmdav
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