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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Advancedadvt Limited | ADVT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 2.50 | 1.69% | 150.00 | 12:26:54 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 147.50 | 147.50 | 150.00 | 150.00 | 147.50 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 26/12/2024 09:36 by ali47fish Partners is a Wisconsin-based hedge fund manager by Andy and Carlene Ziegler- there you are then =if they are investing in advt that s a recognition of the talent in the company |
Posted at 24/12/2024 12:29 by eagle eye x54v,Yes, I believe free float is far less than many people think. Vin likes cash flow, so any debt not likely to be onerous for too long. Institutions backing Vin have historically done well, so AdvT likely to be well supported if the right target appears. Market cap still sub £200m and Vin will have much larger aspirations than that. |
Posted at 24/12/2024 11:50 by eagle eye 75% of stock may be held by institutions and Vin, but many private investors are invested up to the gunnels here (including me).Spread 145p - 150p but the bid is 147.6p and there is no online quote on the offer. Happy New Year to all staff and shareholder of AdvT. Onwards and upwards in 2025! |
Posted at 24/12/2024 10:37 by x54v Very early days here yet The Cronk and entering here will yield multiples over time imo.Currently +47.5% from the 100p IPO price, yet for VM's previous venture the end result for shareholders was +1100%. The plan is the same for ADVT. "Chief Executive Officer of Advanced Computer Software from 2008 until 2015 and built the business organically and through acquisition from an initial cash shell to its $1.1bn to Vista Equity Partners, delivering shareholder return of almost 1,100 per cent." As you rightly say, "good management normally prevail in the longer term". |
Posted at 21/12/2024 13:38 by x54v Interesting to see that renowned tech expert Richard Holway……has ADVT as one of his largest holdings according to his recent Linkedin post: “The performance of the Holway Portfolio is heavily weighted towards its largest shareholdings (#ATT, Amazon and #ADVT).” — He has known VM personally for decades, rates her very highly and has made significant profits following her lead: “I have known Vin Murria (#ADVT’s Exec Chairperson and main shareholder) now for near on 25 years stretching back to my days at Elderstreet. I have been a shareholder in both her previous main ventures – Computer Software Group and ACS – and have banked significant returns. In both cases holding from start to exit. I’ve also become a bit of a Vin ‘groupie&rsquo Vin is just a master at focussed acquisitions that are then made to work together in a far more productive (and profitable) manner than they were whilst ‘alone’. |
Posted at 18/12/2024 11:04 by x54v Richard Penny of Crux today commenting positively on ADVT:He mentions the large upside potential on the right acquisition: "I think if there was to be an interesting acquisition found, there's a chance you might put 50p to £1 onto the share price" - 26:22 and also VM's skin in the game: "And significantly...Vin is a major shareholder, she's got 15 to 20 million quid in the stock so she'll look after it." - 27:42 |
Posted at 12/12/2024 08:22 by pob69 The broker note initiation is now out. I don't have access to the full report of 3 pages(!) so I have no idea about its extent but the summary states;"....the latest buy-and-build investment vehicle for a team that’s done it before, ...The first investments have been made, but ADVT is early in its capital deployment, with net cash plus liquid investments of £106m (c. 60% of the market cap). The ambition is to build predictable growth though mission critical domain specialist products, with ADVT adding value with its expertise in professionalising sales and the back-office operations. ...We initiate with a 190p TP." |
Posted at 06/12/2024 19:50 by gsmiley Unless I am missing the point, it is not up to ADVT to determine the timing of the release of an independent (i.e. not paid for) research note. It is for the broker to publish. So I don't think this is about waiting for an acquisition (although we all are). There is also not a lot going on in terms of volume (below average today/this week) although spreads have closed a bit (on Monday June 25 options on IG had a spread of just under 13p. Around lunchtime today that was down to about 8p).So, much as I would like to be proved wrong, I suspect this is as likely to be MM games as anything else. Or someone has been building a stake, in which case we will see an RNS soon enough. If the above is not enough to force a golden takeover RNS on Monday morning then I give up. GLA GS |
Posted at 25/10/2024 12:46 by x54v VM stepping down as NED from Softcat, freeing up time to spend growing ADVT.-- "We also note that our good friend, Vin Murria, steps down as Softcat’s longest-serving NED. Murria still has plenty to keep her busy, mind you, including her own firm, AdvT." |
Posted at 02/6/2024 12:28 by gsmiley I digest these things quite slowly and it helps my thought processes to post. ADVT appeared in SCSW (published early this month...) but nothing new. It did however remind me that ADVT has just bought Celation for 4.2x EBITDA (pre-dev costs).If I take VM's multiple for an instant sale to private equity of 15x and her rough average buy at c. 5x EBITDA and a guessed at current run rate today of £8m EBITDA (Inc Celation) then the businesses in ADVT could be sold now for about £120m. And there is about £100m of cash/near cash. I would be gobsmacked if the EBITDA run rate this time next year from the businesses presently in ADVT was not £12-15m. At 15x that is £180-225m. BTW, reading between the lines I would not be surprised to see EBITDA at >£20m 12 months from now - like for like. There is no clue as to how fast VM will spend the cash she has in the bank, but when she does, she will surely try to carry on buying at about 5x EBITDA. As she does so, her instant out at 15x will be increasingly valid as ADVT gets bigger. So I think the £100m of cash will equate to about 300m of private equity sale valuation. £180-225m + £300m = £480-525m. There is no allowance in that for improvements in new acquisition performance nor for synergies with existing apps. Anyone who is familiar with VM's performance at Advanced Comp Software will remember that most of the EBITDA growth came organically from a combination of efficiencies, new business wins and very purposeful cross-selling of solutions. It was a while ago, but my sketchy notes from then suggest about 75% of EBITDA growth was generated internally. So I get to £480-525m x 3(ish) = target exit of £1.4-1.5bn. That equates (rough rough) to an share price of over £10. Timescale? My guess is 3-4 years - VM is 62 and may want to slow down a bit as she nears 65. Seems silly not to hang around for something that has an outstanding chance of 7x from here. So - no profit-taking from me yet. That may change when this thing nears 300p and I look forward to the day. GLA GS |
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