Apc Technology Share Discussion Threads

[insider6] 29/6/2019 12:47

Zipstuck - As I understand it, there is no new advisor. Stockdale, APC's Nomad and house broker were acquired by Shore Capital but the team is still the same. I would imagine that there are now several more MM's and that maybe the reason why share trading has increased.
APC management have demonstrated their ability to make share price enhancing profitable bolt on acquisitions over the last eighteen months, the latter being satisfied without the need of a placing. IMO if they are to reach their stated target of a minimum £50M in revenue over the next three years then it will require a sizeable acquisition. The chances are this will need a placing but shares do not always drift lower when funds are required for this purpose. My feeling is that traders were expecting a broker upgrade which did not happen and consequently they are taking short term profits.
It should prove an interesting two months up to APC's year end.

[zipstuck] 29/6/2019 11:30

Wondering with a new advisor if shares are being sold down for another placing and aquisition

[playful] 21/6/2019 16:27

Excellent recurring revenue potential...

[debsdowner] 12/6/2019 09:19

The synergies will increase profitability and further cross selling will increase sales.

Little company being missed by the market see substantial increase in sales and profits the next few years.

[playful] 12/6/2019 08:34

Yes, I love the fact they stick to their knitting a sign of very focused leadership.

[harrogate] 12/6/2019 08:28

Great acquisition again. What I like about APC is that the strategy is clear and understandable and everything they do is consistent with that strategy. Nice to see the market starting to appreciate the turnaround here. The CEO is a class act and surely more to come over the next few years without taking on too much risk. A core holding for sure.

[playful] 12/6/2019 07:59

Looks to be a great fit for our business..

Trading worldwide since 1982 and ISO9001 certified since 1992, our outstanding reputation for quality and service has enabled us to be the first choice supplier for many blue chip OEM and CEM customers around the globe when purchasing active, passive and electromechanical components, industrial products & consumables.

[cheshire man] 12/6/2019 07:43

APC making all the right moves :-)

[igoe104] 12/6/2019 07:37

Nice acquisition, which compliments the current business.

cquisition of Euro-Tech (Export) Limited
APC Technology Group PLC (AIM: APC), the provider of design-in, specification and distribution services for specialist electronic components and systems, lighting technologies and connectivity products, is pleased to report that it has completed the acquisition of Euro-Tech (Export) Limited ("Euro-Tech"), a distributor and international reseller of electronic components.
Euro-Tech sources and supplies a wide range of active, passive and electromechanical components, industrial products and consumables from major global manufacturers and quality assured sources across Europe to blue chip OEM and CEM customers around the world.
Euro-Tech's products and services are complementary to APC's Locator business and will significantly enhance APC's capability in the sourcing of hard to find or obsolete and end of life components, products and systems. The previous owners and founders of Euro-Tech, Chris Smallwood and Phil Hutchins, will continue to work within the business, reporting to APC's Chief Executive, Richard Hodgson. Chris will assist with integrating the business for a period of time before retiring, while Phil will continue in his role as Sales & Marketing Director, driving the business's sales growth across the enlarged Group.
For the 12-month period ended 30 April 2019, Euro-Tech's unaudited results will record revenues of GBP2.2m, gross profit of GBP0.75m, an adjusted EBITDA of GBP0.2m, a profit after tax of GBP0.1m and net assets of cGBP0.6m. It is expected that its profitability will increase following integration into the Group's business with the realisation of potential efficiency and revenue synergies.
The consideration payable will be GBP1.05m of which GBP0.165m represents cash at completion in Euro-Tech and GBP0.14m is derived from excess working capital. 50% of the purchase consideration is payable on completion, 25% in monthly instalments over twelve months and 25% twelve months after completion. The Euro-Tech balance sheet at completion includes GBP0.35m of trade debtors, which will be rolled into the APC invoice finance facility with ABN and hence the transaction will be funded through the Group's existing financing facilities.

[rivaldo] 12/6/2019 07:35

Looks like another good value, complementary and earnings-enhancing acquisition - £1m cost gets £0.2m EBITDA, £2.2m revenues plus all the usual synergies, cross-selling benefits etc.

[playful] 07/6/2019 12:44

Advantech launches IoT Device Operations Management App



Worth watching...

[geraldus] 04/6/2019 17:09

DSCV posted some good numbers today.Sector is smoking.

[cheshire man] 04/6/2019 16:57

Lovely finish anyway :-)

[this_is_me] 04/6/2019 16:56

We, as usual, will be the last to know if there is anything going on. Insider trading lives on!

[golddigger1] 04/6/2019 16:38

Anyone know anything?

[playful] 04/6/2019 16:04

Good day for APC supporters!

[geraldus] 23/5/2019 20:25

Thanks for your 'update extra' GHF.

[seasidehippo] 23/5/2019 16:41

I think the positive move in share price today is very encouraging with some nice sustained buying volume this P.M. IMO the share price could well move higher now assuming the Traders and "sell on news" brigade have gone.

Thanks for the update GHF especially the news regarding potential acquisitions.

[seasidehippo] 23/5/2019 16:37

I think the positive move in share price today is very encouraging with some nice sustained buying volume this P.M. IMO the share price could well move higher now assuming the Traders and "sell on news" brigade have gone.

Thanks for the update GHF especially the news regarding potential acquisitions.

[insider6] 23/5/2019 11:56

Thanks GHF for the extra insight and all sounds very promising indeed.

Just an analytical word on the share trading. Excluding today, in 2019 there have been a total of 27.5M shares traded. Since and including May 15th 10M of those shares were traded. In other words 36% of this years total in just 6 trading days and the majority of those transactions have been buys. A good number of sells also underlining GHF's comments on the old guard pulling out.

I am sure that there are a few days traders following the stock but with the wide margin between bid and offer I think they will have slender pickings from now on.

And , if another acquisition for cash comes along it won't be too long before we test 10p again.

[glasshalfull] 23/5/2019 10:08

Morning guys,

I wouldn’t get too hung up on the share price movement. The shares were 6.5p 3-weeks ago & were +60% at one point on Tuesday (mid 10.5p). There are a number of stale holders from the previous APC entity that will sell into strength & also the rapid share price movement in May will have brought in traders.


Excellent post insider6 (post 1275). Thanks.


Interim presentation now available



I’ve had the opportunity to speak with management following results & congratulate them & the APC team on delivering as per the milestones they have provided to me over the 30 months I’ve monitored/ held the shares.

Couple of points if I may: -

* Acquisitions - They are currently in discussions with a couple of possibilities & would hope to conclude this year. However, they were at pains to point out that there would be no requirement to do so through a raise or placing. Any acquisitions concluded would be through their strengthened balance sheet. In other words, no dilution & any acquisition should be immediately earnings enhancing

* APC Hi-Rel > Expertise in UK Space & now offer premier lines. Similar with APC RF & Microwave. Now one of the largest in the UK.

* APC Time > Continuing to show v good growth & multiple opportunities across other sectors

* Op Margin > Pleased that this is increasing as fixed costs under control. Also highlights synergies. Company are aiming to grow op margins further to c.10% in a few years so with stated £50m turnover aim in 2 1/2 years, this would hopefully generate £5m op profit

There’s a lot more but reckon I’d be regurgitating many earlier comments.

The one thing I do require to correct is that Wavelength derives 80% through commission. This was considerably higher than I thought & originally I believed their GP would equate to c.£1.5m-£;2m turnover per annum, when in fact it is a lot lower but comes straight through as commission & therefore gross profit. So, essentially I was expecting revenues some £1m higher than they were for the group, but have now corrected my model.

Hope this whistle-stop tour assists.

kind regards,
GHF

[soundbuy] 23/5/2019 10:04

0.5p increments on a sub 10p stock exacerbates volatility.......perhaps stating the obvious but ...................zzzzzzzzzzz

.................compounded with the spread...............zzzzzzzzzzzzz

[firtashia] 23/5/2019 09:40

I'm a consistently appalling short term timer of stocks but here I am especially proud of my own ineptitude, already being 18% underwater despite having only held this stock for 10 trading hours. I very much doubt that the current performance or future prospects of the business have changed for the worse in the time I have been holding here so if the offer drops below 8 I will look to add.

[fozzie] 23/5/2019 09:31

Everyone seemed positive after Mello but hardly any buying and some determined selling now. This share doesn't seem able to hold a rise.

[battlebus2] 23/5/2019 09:16

Could also be another acquisition on the cards....