Share Name Share Symbol Market Type Share ISIN Share Description
Adept4 Plc LSE:AD4 London Ordinary Share GB00B8GRBX01 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 1.70 586,746 14:53:04
Bid Price Offer Price High Price Low Price Open Price
1.60 1.80 1.70 1.65 1.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 10.19 -3.98 -1.68 4
Last Trade Time Trade Type Trade Size Trade Price Currency
14:52:42 O 118,404 1.6849 GBX

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Date Time Title Posts
20/11/201915:58AD4 I SHOULD COCO!!1,020
19/11/201912:50A Fresh Start2,927
12/11/201920:39AD4 Bin Bag Company18

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DateSubject
20/11/2019
08:20
Adept4 Daily Update: Adept4 Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker AD4. The last closing price for Adept4 was 1.70p.
Adept4 Plc has a 4 week average price of 1.25p and a 12 week average price of 1.25p.
The 1 year high share price is 4.15p while the 1 year low share price is currently 0.30p.
There are currently 227,070,000 shares in issue and the average daily traded volume is 860,985 shares. The market capitalisation of Adept4 Plc is £3,860,190.
03/10/2019
08:29
stoneme: That's the point here.AD4 agreed a valuation for Cloud Co Co at c . 2m. When you acquire a non listed business from a listed business you value it, then convert that value in to shares.The fact the share price rose 3 times before the deal was completed means the volume of shares could have been adjusted down. I guess they didn't because they know without the deal, AD4 were not in a good place, and Cloud CoCo are the value item in the deal.I sold on the news yesterday FWIW. I am not deramping this just offering opinion on valuations.Assuming the valuation at 2m was about right, it also valued AD4 at c. 2m. The million dollar question is whether value is created from 1 + 1. Normally that value would be expected to be for the benefit of existing shareholders. But let's be entirely honest here, this is a reverse take over with Cloud CoCo reversing in to an already listed vehicle.Looking at the two companies, it makes sense for both. Investors in AD4 are now investors in Cloud CoCo.IMO AD4 has only nominal value.I hear Cloud CoCo has exciting deals to be announced. Are we serious about this? As a shareholder, how can I say whether 218m shares buying Cloud CoCo is good value without disclosure? Due diligence would have been done both ways. No doubt very light touch as neither are big companies.Personally think it is ludicrous that some on here see more than 1+ 1 = 4 (IE 2m + 2m = 8m, with 2m being the original valuation. That's a share price of 2p.If Cloud CoCo were really worth 6m, why would they have agreed to being acquired for 218m shares at 1p?Happy to be challenged here. .
02/10/2019
18:30
computercoders: You know how after a drop of share price there's a 3 day rule of waiting as the share price usually drops further for 3 consecutive days..same goes for good news, overnight for news to sink in then 2 or 3 days of rises. By Friday check where this share price will be. Everyone who knows me knows I hold for the big gains and am not a 10%er.
27/9/2019
05:37
moneymunch: 4p plus and more will go in a blink on the next Rns, expected imminently, confirming formal approval on Cloudcoco's acquisition from the Panel of Mergers and Take overs and a date for the GM for shareholders approval. The acquisition of Cloudcoco will be a complete game changer and transformational for AD4 and all invested, and will very likely result in a name change for the company from AD4 to Cloudcoco imho. Cloudcoco have recently described themselves as the "UK's fastest growing IT Company" and AD4 stated "Though only recently established, CloudCoCo is already trading profitably and has a strong and growing pipeline." ....Cloudcoco also announced in April on twitter.... "Cloudcoco April 2019...Our first year has seen us secure close to £4million of contracts with over 30 new customers. #Proud of my amazing team as this is all from a standing start." ( can you imagine the upside value on a newly listed AIM small cap announcing 30 new contracts to the value of £4m in their first year ) Additionally, Cloudcoco also announced last month that they are one of 29 suppliers chosen for the "fast track" share of the £400m UK's Public Sector DataCenter framework programme, which alone equates to a potential £14m and no doubt will offer many more business contract opportunities as a result. At the same time, Cloudcoco also announced.... "We've also news coming in the coming weeks about two new very large and exciting new clients we've signed." No doubt these two new client contracts will be announced following acquisition deal completion, and so potentially could add considerable upside and value. MXC ( AD4's Major shareholder ) has agreed to buy £5m of Adept4 unsecured loan notes for a discounted price of £3.5m from The British Growth Fund on completion of the Cloudcoco acquisition. This is the only debt Adept4 has. The fact that MXC will now own the loan notes, which are due to mature between 2021 and 2023, is a positive move as it removes the financial risk that was subduing Adept's share price. There will only be 12.6% shares in free float on deal completion, 57m shares only from the new enlarged share capital with the rest firmly held by Directors, Major shareholders and CloudCoCo. The potential UPside and new market value on a debt free enterprise, with their plan to drive growth from both Adept4's existing customer base and CloudCoCo's own customers and pipeline, could be considerable and undoubtedly the current bargain low share price offers a tremendous opportunity for significant returns imho....Gla Holders....Excitement building!!! ;-)
27/9/2019
05:37
moneymunch: 4p plus and more will go in a blink on the next Rns, expected imminently, confirming formal approval on Cloudcoco's acquisition from the Panel of Mergers and Take overs and a date for the GM for shareholders approval. The acquisition of Cloudcoco will be a complete game changer and transformational for AD4 and all invested, and will very likely result in a name change for the company from AD4 to Cloudcoco imho. Cloudcoco have recently described themselves as the "UK's fastest growing IT Company" and AD4 stated "Though only recently established, CloudCoCo is already trading profitably and has a strong and growing pipeline." ....Cloudcoco also announced in April on twitter.... "Cloudcoco April 2019...Our first year has seen us secure close to £4million of contracts with over 30 new customers. #Proud of my amazing team as this is all from a standing start." ( can you imagine the upside value on a newly listed AIM small cap announcing 30 new contracts to the value of £4m in their first year ) Cloudcoco also announced last month that they are one of 29 suppliers chosen for the "fast track" share of the £400m UK's Public Sector DataCenter framework programme, which alone equates to a potential £14m and no doubt will offer many more business contract opportunities as a result. At the same time, Cloudcoco also announced.... "We've also news coming in the coming weeks about two new very large and exciting new clients we've signed." No doubt these two new client contracts will be announced following acquisition deal completion, and so potentially could add considerable upside and value. MXC ( AD4's Major shareholder ) has agreed to buy £5m of Adept4 unsecured loan notes for a discounted price of £3.5m from The British Growth Fund on completion of the Cloudcoco acquisition. This is the only debt Adept4 has. The fact that MXC will now own the loan notes, which are due to mature between 2021 and 2023, is a positive move as it removes the financial risk that was subduing Adept's share price. There will only be 12.6% shares in free float on deal completion, 57m shares only from the new enlarged share capital with the rest firmly held by Directors, Major shareholders and CloudCoCo. The potential UPside and new market value on a debt free enterprise, with their plan to drive growth from both Adept4's existing customer base and CloudCoCo's own customers and pipeline, could be considerable and undoubtedly the current bargain low share price offers a tremendous opportunity for significant returns imho....Gla Holders....Excitement building!!! ;-)
20/9/2019
06:47
moneymunch: News could drop at anytime, but next week looks highly likely, and so maybe last chance to take advantage of current bargain low share price ....sub 3p will be history very soon imho....Gla Holders...On and UP!!! ;-) It is common for M&A deals to be reported by the media before any formal announcement has been made by either the bidding or target company. This can often lead to share price volatility. If enough volatility is experienced or the companies have requested so beforehand share prices can be suspended pending an announcement declaring the proposed deal. Usually, the first announcement will be an unbinding one that simply states a potential offer could be made (sometimes with a guide price but most often not), and who the bidder is. The bidding company then has 28 days to announce it has a firm intention of making an offer or has no intention of making an offer and will walk away – also known as the ‘put-up or shut-up’ clause. Any offer must remain open for at least 14 days, which starts fresh each time a new or revised bid is made. 23/8/19 Adept4 (AIM: AD4), the AIM quoted provider of IT as a Service, today announces that, further to the announcement on 2 August 2019 and the recent movement in the Company's share price, it has entered into non-binding heads of terms to acquire the share capital of Cloudcoco Limited ("CloudCoCo") (the "Proposed Acquisition"). Simon Duckworth, Chairman of Adept4, commented: "We are delighted to have agreed heads of terms to acquire CloudCoCo which has a proven salesforce with an enviable growth track record. Subject to completion of the Proposed Acquisition, we plan to drive growth from both Adept4's existing customer base and CloudCoCo's own customers and pipeline. Furthermore, the associated proposed reduction in the Company's debt would strengthen the Group's balance sheet and demonstrate the strong support of our largest shareholder. We see this as a very positive step to return value to shareholders".
06/9/2019
09:39
moneymunch: MXC Capital (MXCP:90p), a technology-focused merchant bank run by a management team that backs investee companies they represent, is set to report a bumper set of annual results for the 12 months to 31 August 2019. That’s because there have been material movements in the value of its listed investments, the most dramatic being the near five-fold increase in the carrying value of MXC’s stake in IDE (IDE:7.35p), a £29m market capitalisation mid-market network, cloud and IT managed services provider. IDE has gone through a cost reduction programme to create a more appropriate and profitable cost base. It has been successful which has its customers the reassurance they needed. This also means that IDE’s management can now focus on driving the core activities of the business to rebuild value for shareholders. This is clearly happening. In IDE’s latest annual results, chairman Andy Parker revealed that “towards the end of the 2018 financial year, several of our material customers renewed their contracts, some on a multi-year basis, and at the time of writing (28 June 2019), the pipeline of opportunities across the business both with existing and new customers and partners is the strongest it has been since my involvement.” The improvement in trading has worked its way through to a much improved financial performance, too, as “IDE has been trading profitably at an adjusted cash profit level in the year to date.” Moreover, following a refinancing that resulted in MXC investing £8m in loan notes to enable IDE to pay off all its bank debt, the solvency risk subduing the company’s valuation has been unwinding, a factor that has accentuated the share price recovery. The point being that all of IDE’s loan notes are held by its largest shareholders, thus giving management the breathing space to focus on the ongoing turn round strategy. By my reckoning, MXC’s holding of 172.8m shares in IDE is now worth £12.7m, a hefty £10m more than six months ago when I last advised buying MXC’s shares at 85p ('MXC returns to trading profitability', 9 May 2019). The valuation uplift adds almost 15p a share to MXC’s last reported net asset value (NAV) of 97p. Further balance sheet gains Its not the only material balance sheet movement either as Aim-traded shares in Adept4 (AD4: 3.55p), a provider of 'IT as a service' to small- and medium-sized businesses in the UK, have quadrupled in value since MXCs interim results in May, lifting the book value of MXC's shareholding from £612,000 to £2.41m. Adept4 is a turnaround situation, too, and its directors recently reported that the business has returned to modest levels of profitability at the cash profit level. The re-rating has also been driven by news that Adept4 has entered into a non-binding agreement to acquire Cloudcoco, a profitable company that offers cloud and related technology solutions and one with a strong and growing pipeline of business. It was established two years ago by the former directors of Redcentric (RCN), a UK IT managed services provider. If the deal goes ahead then Adept4 will issue 218m shares to the vendors to give them 49 per cent of the company's enlarged issued share capital of 445m shares, so reducing MXC's stake to 15.3 per cent. Another reason for Adept's re-rating is because MXC has agreed to buy £5m of Adept4 unsecured loan notes for a discounted price of £3.5m from The British Growth Fund on completion of the Cloudcoco acquisition. This is the only debt Adept4 has. The fact that MXC will now own the loan notes, which are due to mature between 2021 and 2023, is a positive move as it removes the financial risk that was subduing Adept4's share price. The £1.8m uplift in MXC's shareholding adds a further 2.7p a share to its own NAV. htTps://www.investorschronicle.co.uk/comment/2019/09/02/mxc-s-valuation-gains-worth-exploiting/
04/9/2019
06:42
computercoders: MXC Capital (MXCP:90p), a technology-focused merchant bank run by a management team that backs investee companies they represent, is set to report a bumper set of annual results for the 12 months to 31 August 2019.That's because there have been material movements in the value of its listed investments, the most dramatic being the near five-fold increase in the carrying value of MXC's stake in IDE (IDE:7.35p), a £29m market capitalisation mid-market network, cloud and IT managed services provider. IDE has gone through a cost reduction programme to create a more appropriate and profitable cost base. It has been successful which has its customers the reassurance they needed. This also means that IDE's management can now focus on driving the core activities of the business to rebuild value for shareholders. This is clearly happening.In IDE's latest annual results, chairman Andy Parker revealed that "towards the end of the 2018 financial year, several of our material customers renewed their contracts, some on a multi-year basis, and at the time of writing (28 June 2019), the pipeline of opportunities across the business both with existing and new customers and partners is the strongest it has been since my involvement." The improvement in trading has worked its way through to a much improved financial performance, too, as "IDE has been trading profitably at an adjusted cash profit level in the year to date."Moreover, following a refinancing that resulted in MXC investing £8m in loan notes to enable IDE to pay off all its bank debt, the solvency risk subduing the company's valuation has been unwinding, a factor that has accentuated the share price recovery. The point being that all of IDE's loan notes are held by its largest shareholders, thus giving management the breathing space to focus on the ongoing turn round strategy.By my reckoning, MXC's holding of 172.8m shares in IDE is now worth £12.7m, a hefty £10m more than six months ago when I last advised buying MXC's shares at 85p ('MXC returns to trading profitability', 9 May 2019). The valuation uplift adds almost 15p a share to MXC's last reported net asset value (NAV) of 97p.Further balance sheet gainsIt's not the only material balance sheet movement either as Aim-traded shares in Adept4 (AD4: 3.55p), a provider of 'IT as a service' to small- and medium-sized businesses in the UK, have quadrupled in value since MXC's interim results in May, lifting the book value of MXC's shareholding from £612,000 to £2.41m. Adept4 is a turnaround situation, too, and its directors recently reported that the business has returned to modest levels of profitability at the cash profit level.The re-rating has also been driven by news that Adept4 has entered into a non-binding agreement to acquire Cloudcoco, a profitable company that offers cloud and related technology solutions and one with a strong and growing pipeline of business. It was established two years ago by the former directors of Redcentric (RCN), a UK IT managed services provider. If the deal goes ahead then Adept4 will issue 218m shares to the vendors to give them 49 per cent of the company's enlarged issued share capital of 445m shares, so reducing MXC's stake to 15.3 per cent.Another reason for Adept4's re-rating is because MXC has agreed to buy £5m of Adept4 unsecured loan notes for a discounted price of £3.5m from The British Growth Fund on completion of the Cloudcoco acquisition. This is the only debt Adept4 has. The fact that MXC will now own the loan notes, which are due to mature between 2021 and 2023, is a positive move as it removes the financial risk that was subduing Adept4's share price. The £1.8m uplift in MXC's shareholding adds a further 2.7p a share to its own NAV.
02/9/2019
18:21
moneymunch: MXC’s valuation gains worth exploiting Simon Thompson MXC Capital (MXCP:90p), a technology-focused merchant bank run by a management team that backs investee companies they represent, is set to report a bumper set of annual results for the 12 months to 31 August 2019. That’s because there have been material movements in the value of its listed investments, the most dramatic being the near five-fold increase in the carrying value of MXC’s stake in IDE (IDE:7.35p), a £29m market capitalisation mid-market network, cloud and IT managed services provider. IDE has gone through a cost reduction programme to create a more appropriate and profitable cost base. It has been successful which has its customers the reassurance they needed. This also means that IDE’s management can now focus on driving the core activities of the business to rebuild value for shareholders. This is clearly happening. In IDE’s latest annual results, chairman Andy Parker revealed that “towards the end of the 2018 financial year, several of our material customers renewed their contracts, some on a multi-year basis, and at the time of writing (28 June 2019), the pipeline of opportunities across the business both with existing and new customers and partners is the strongest it has been since my involvement.” The improvement in trading has worked its way through to a much improved financial performance, too, as “IDE has been trading profitably at an adjusted cash profit level in the year to date.” Moreover, following a refinancing that resulted in MXC investing £8m in loan notes to enable IDE to pay off all its bank debt, the solvency risk subduing the company’s valuation has been unwinding, a factor that has accentuated the share price recovery. The point being that all of IDE’s loan notes are held by its largest shareholders, thus giving management the breathing space to focus on the ongoing turn round strategy. By my reckoning, MXC’s holding of 172.8m shares in IDE is now worth £12.7m, a hefty £10m more than six months ago when I last advised buying MXC’s shares at 85p ('MXC returns to trading profitability', 9 May 2019). The valuation uplift adds almost 15p a share to MXC’s last reported net asset value (NAV) of 97p. Further balance sheet gains It’s not the only material balance sheet movement either as Aim-traded shares in Adept4 (AD4: 3.55p), a provider of 'IT as a service' to small- and medium-sized businesses in the UK, have quadrupled in value since MXC’s interim results in May, lifting the book value of MXC’s shareholding from £612,000 to £2.41m. Adept4 is a turnaround situation, too, and its directors recently reported that the business has returned to modest levels of profitability at the cash profit level. The re-rating has also been driven by news that Adept4 has entered into a non-binding agreement to acquire Cloudcoco, a profitable company that offers cloud and related technology solutions and one with a strong and growing pipeline of business. It was established two years ago by the former directors of Redcentric (RCN), a UK IT managed services provider. If the deal goes ahead then Adept4 will issue 218m shares to the vendors to give them 49 per cent of the company’s enlarged issued share capital of 445m shares, so reducing MXC’s stake to 15.3 per cent. Another reason for Adept4’s re-rating is because MXC has agreed to buy £5m of Adept4 unsecured loan notes for a discounted price of £3.5m from The British Growth Fund on completion of the Cloudcoco acquisition. This is the only debt Adept4 has. The fact that MXC will now own the loan notes, which are due to mature between 2021 and 2023, is a positive move as it removes the financial risk that was subduing Adept4’s share price. The £1.8m uplift in MXC’s shareholding adds a further 2.7p a share to its own NAV. It’s also worth flagging up that the private equity funded takeover of Aim-traded Tax Systems (TAX), a leading supplier of corporation tax software to the large corporate sector and the accounting profession in the UK, completed at the end of March this year. MXC had invested £14.9m in the company and realised £24.2m of which £200,000 of the £9.3m profit will be recognised in its forthcoming annual results. Value opportunity I estimate that MXC will book total realisations and investment gains of £12m (17.9p) in the second half of the financial year just ended to lift its closing net asset value (NAV) to £74.3m (115p a share after adjusting for the market value of shares acquired by the company’s Employee Benefit Trust through MXC funded loans), significantly higher than its current market capitalisation of £60.5m. Moreover, MXC’s share price is now completely backed by four of its investments: £15.1m (22.5p) shareholdings in IDE and Adept 4; net cash of £19.5m (29p); a loan portfolio worth £11.5m (17p); and investments of £14.5m (21.5p) held in private companies. Clearly, with MXC’s shares trading well below my spot estimate of NAV then no value is being placed on the two MXC partnerships that are generating over £1m of fee income. One is with a subsidiary of Liberty Global, the international TV and broadband company, to create an IT services provider focused on small- and medium-sized business customers. Both partners have invested £3.5m each. The other partnership is with Ravenscroft, an independently owned investment services group based in the Channel Islands with £4.7bn of assets under administration. MXC acts as consultant to Ravenscroft in its role as investment manager to the GIF Technology & Innovation Fund in which the States of Guernsey has invested. MXC contributed £5m of the fund’s initial investment pool of £38m and it should be fully invested by the end of the calendar year. In addition, Ravenscroft paid £2.25m for a 25 per cent stake in MXC’s transactional businesses, highlighting the value it sees in MXC’s deal makers. MXC’s retained 75 per cent stake in that business is in the price for free, too. The bottom line is that with MXC’s previously poorly performing listed investments turning the corner, and the directors targeting a 2.2 times return on capital over the next four to five years on its investments, then there is ample scope for the company’s share price to return to a decent premium to NAV in due course. Trading on a bid-offer spread of 89p to 90p, MXC's shares are well worth buying.
26/8/2019
09:26
computercoders: Don't forget that IDE share price went through a consolidation period just below 3p following the rise from below 1p. It did well to hold the gains. Ad4 share price hasn't yet started the consolidation - that to me adds risks. I prefer slow daily rises than sharp spikes.
23/8/2019
07:14
moneymunch: 3 August 2019 Adept4 plc ("Adept4", the "Group" or the "Company") Share Price Movement and Proposed Acquisition Adept4 (AIM: AD4), the AIM quoted provider of IT as a Service, today announces that, further to the announcement on 2 August 2019 and the recent movement in the Company's share price, it has entered into non-binding heads of terms to acquire the share capital of Cloudcoco Limited ("CloudCoCo") (the "Proposed Acquisition"). CloudCoCo was established in September 2017 by former sales directors of Redcentric plc and offers cloud and related technology solutions. CloudCoCo's team of cloud and connectivity experts leverage the capacity of its large supplier ecosystem to provide unique technology solutions to customers in order to optimise and transform their businesses. Though only recently established, CloudCoCo is already trading profitably and has a strong and growing pipeline. Following completion of the Proposed Acquisition, it is intended that a member of the management team of CloudCoCo will join the board of Adept4 (the "Board Change"). The anticipated consideration for the Proposed Acquisition is 218,160,586 ordinary shares of 1 penny each in the capital of Adept4 (the "Consideration"), which would represent 49% of the enlarged issued share capital following completion. The Proposed Acquisition, if completed, would not constitute a reverse takeover under rule 14 of the AIM Rules for Companies ("AIM Rules"), however, would be subject, inter alia, to shareholder approval and the entering into and completion of a share purchase agreement. It is also likely that the Proposed Acquisition and certain other matters will constitute related party transactions subject to the requirements of rule 13 of the AIM Rules. Furthermore, the Board anticipates that, subject to formal confirmation from the Panel on Takeovers and Mergers ("Panel"), the Proposed Acquisition will need to be made conditional on the Panel granting a waiver of the obligation that would otherwise arise under Rule 9 of the City Code on Takeovers and Mergers (the "Code") on the shareholders of CloudCoCo to make a general offer to Adept4's shareholders (the "Waiver"). The granting of the Waiver by the Panel will be conditional, inter alia, on Adept4's Independent Shareholders passing an ordinary resolution voting on a poll at a general meeting to approve such a Waiver. Adept4 currently has GBP5 million of unsecured loan notes in issue which are held by the Business Growth Fund Plc (the "BGF"). Conditional upon completion of the Proposed Acquisition, the BGF has agreed to sell the loan notes to MXC Capital Limited ("MXC", which holds 29.9% of Adept4's issued share capital), for GBP3.5 million, thereby reducing the liability of the Company. Should the Proposed Acquisition proceed, a circular containing details of, inter alia, the Proposed Acquisition, the Waiver, the Board Change and the conditional sale of the loan notes by the BGF to MXC, together with a notice of General Meeting containing resolutions to approve the Proposed Acquisition and associated Waiver, will be sent to shareholders in due course. There can be no guarantee that the Proposed Acquisition will proceed. Simon Duckworth, Chairman of Adept4, commented: "We are delighted to have agreed heads of terms to acquire CloudCoCo which has a proven salesforce with an enviable growth track record. Subject to completion of the Proposed Acquisition, we plan to drive growth from both Adept4's existing customer base and CloudCoCo's own customers and pipeline. Furthermore, the associated proposed reduction in the Company's debt would strengthen the Group's balance sheet and demonstrate the strong support of our largest shareholder. We see this as a very positive step to return value to shareholders".
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