Put into context though, SAA hasn't turned out to be a great investment so far. 12 million shares bought at 200p over 3 years ago and currently sitting at 170.5p.
So that's a paper loss of £3.5 million vs the £234k dividend.
Thankfully it's now only a small part of ADVT and very much non-core with the plan to sell it off when cash is needed for an acquisition. It's more of a distraction than anything else. |
M&C confirms 1.95p divi. Worth £234k for us. |
Top up opportunity |
I'm very long term here. Not worried by the odd 5p here or there. And will continue to add when I can. |
"Probably just bored PI's clipping their 'winnings' in the belief they'll be able to buy back later when something 'happens'"
And the problem with that strategy of course is that the price will gap up before they get a chance to buy back in. As Richard Penny put it:
"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" |
No real volume in the trades. Probably just bored PI's clipping their 'winnings' in the belief they'll be able to buy back later when something 'happens'. That's how on-line brokers make their money; from PIs churning their 'portfolios'... |
Nice top up northwards.
Amazing that these can be picked up below the recent 'materially ahead' statement. |
Just topped up. |
Always worth stacking the odds in your favour by backing proven winners.
---
"Lunch with my dear friend Vin Murria OBE DBA at The Ivy.
Over 20 years now since we were both partners at ELDERSTREET VCT PLC .
Vin has been described as the ‘UK Tech Queen’. I certainly know no other tech female (actually very few males!) who have been as successful as Vin. I’ve backed every one of her ventures from Computer Software Group, Advanced Computer Software Group and now ADVT
All have been extraordinarily successful." |
Nice dip buying opportunity here perhaps.
Trading materially ahead of expectations and acquisitions likely in the near term. |
Big trades going through for three days now around 1.60 price must be funds |
Pretty heavy volume yesterday and today. |
And the exciting thing about any further acquisitions is their future potential once Vin and team have them under their control.
For example with the existing holdings,
"if you took out the PLC costs, when we acquired these businesses they were doing the equivalent of £2.8 million of EBITDA and they're now doing £9.6m. And so it's almost a 350% improvement and we're not stopping here." |
I rewatched presentation over the weekend, a bit of a slip of the tongue that was, I’d say something will be announced shortly regarding an acquisition. |
I've added this am. Now my biggest sipp holding. |
FT feature on U.K. small caps ...https://www.ft.com/content/5aaebd9d-ff5e-4400-aa27-e0cfed28cb77 |
 VM is as good a bet as any I'd say. Historically she has returned 10x for investors not once, but several times using the same tried and tested formula in the same markets and with the same team. In the words of renowned tech analyst Richard Holway:
"I have known Vin Murria (#ADVTs 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 have also become a bit of a Vin groupie by investing in those companies where she has become a NED M&C Saatchi, Bunzl, Softcat etc. Put it this way, I have banked profits on them all!"
--
At ADVT it's the same all over again - same process, same markets, same people and VM at the helm doing what she does best. She's that confident she was willing to invest £17.5 million of her own cash at IPO. That means she currently has around £28 million of her own money with ADVT. Such huge skin in the game guarantees that she's going to be hugely focussed on doing the best that she can for shareholders with her being one of the largest herself.
The recent presentation was an enjoyable watch. Exciting times ahead by the looks of it with the existing business booming, acquisitions likely in the near term and a significant opportunity for growth in the US.
The share price is current 160p, up from 100p at IPO. If history is anything to go by then there is significant further price appreciation to come as VM and team do what they've done so well historically with the likes of Computer Software Group and ACS. Over time there's every possibility of another 10x to Vin's name, this time with ADVT. |
Have done! Well nearly . I've invested more here than any other share I've ever invested in . Have followed from the beginning and continually topped up even in the 80's. My confidence in vin and her team has never wavered and after the ' oh I shouldn't have said that ' moment I'm buying more on Monday. |
You'd be tempted to bet the house on her. |
Vin Murria, Gavin Hugill, Karen Chandler and Mark Brangstrup Watts all have a beneficial interest in the A ordinary shares (Incentive Shares) issued by the Company’s subsidiary, MAC I (BVI) Limited. Full details are disclosed in note
23 of these Consolidated Financial Statements. |
looking at the share register, Vin has an impressive 17,050,000 shares which is the ultimate vote of confidence, however the next holding i see is way down at 70,000 and thats Barbara Firth. Little ole me has more than that.
Unless Im missing something, where are all the other directors? |
Nothing but positivity in that presentation and looks like we could see some acquisition activity imminently.
Business is only valued at £108m, ex cash/SAA so if it's expanding at the rate Vin seems to be suggesting, with the value that would created in any acquisitions, it isn't hard to see the upside... |
Thanks tromso - I haven't got to that bit yet - am going to listen later. |
The timing of the link was intentional. Some useful info there ;-)
"We're doing some acquisitions so some of that cash will get used up...oh sorry, I'm not supposed to say that" |
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