Advancedadvt Share Discussion Threads

[x54v] 19/4/2023 07:42

Just topped up with 100k @ 72.49p. Should print later.

[colinroberts] 19/4/2023 07:21

Just a tiny wobble yesterday (but back up today)… no doubt caused by SAA tanking with their ‘defence’; costs which they keep on about - did they really need to spend that much? Anyway, hopefully onwards and upwards from here.

[x54v] 17/4/2023 12:03

That would certainly fit with the time of year.

[grannyboy] 17/4/2023 11:57

There's a possibility that the identical share trades are roll over's or to do with ISA's and people doing 'bed&breakfasting, due to new tax year?!

[x54v] 17/4/2023 11:47

Could be both. There is never any overall effect on the share price which would suggest they were always balancing.

Perhaps there is an order in from an institution to mop up any sales around a certain price. In this case the first print would be a seller with the MM buying. And the second print would be the institution buying that same amount from the MM.

Whatever it is, there are a large number of these double trades printing.

[haroldthegreat] 17/4/2023 11:35

purchases or sales or both

[x54v] 17/4/2023 11:06

There have been a lot of duplicate trades in recent weeks. Not sure what that's all about. They seem to print in quick succession and balance each other out and have no effect on the share price.

Today for example there are 2 lots of 10000 shares, 2 lots of 14254 shares and 2 lots of 380,000 shares which are delayed from Friday.

Any ideas?

[x54v] 13/4/2023 17:57

Indeed.

Interesting to note the recent pick up in volume.

[colinroberts] 13/4/2023 17:45

Hmm, hadn't thought of it that way, but yes, having a lower price than VM can't be bad! Let's all stay the course...

[x54v] 13/4/2023 14:03

colinroberts - your 99p average is lower than VM’s £17.5 million @ 100p so you should do very well if her historical record is anything to go by.

Always good to see management aligned and with significant skin in the game.

[x54v] 13/4/2023 12:28

A low risk / high reward opportunity here for sure.

77.6p in cash and around 17p for the SAA shares so 95p if VM winds this up. That would be a gain of 28% or so from the current 74p offer.

And if she manages to find an acquisition and do what she has done before with Computer Software Group and Advanced Computer Software, then potentially huge upside with both of those being a 10x.

Possible that the price has drifted to the current silly level as some investors got bored, thinking they could do better elsewhere. But what it has presented is a great opportunity to buy the shares at less than cash with the huge potential upside that VM can bring and the 12 million Saatchi shares in for free.

One day there will be a transformative RNS and those who sold due to boredom will be kicking themselves.

[stemis] 13/4/2023 11:09

If Vin doesn't find an acquisition and decides to wind this up, at least we'd get ~95p a share back

[x54v] 30/3/2023 14:08

"The Board also confirms the proposed appointment of Chris Sweetland as a Non-Executive Director to the Board, expected to be effective from 15 June 2023, subject to the completion of normal regulatory due diligence by the Company's Nomad. Chris will serve as a representative of AdvancedAdvT Limited and Vin Murria who hold in aggregate 27,237,985 ordinary shares in the Company, representing 22.2 per cent. of the Company's issued share capital. Accordingly, Chris will not be considered to be independent. ... Chris will be entitled to remain on the Board provided AdvancedAdvT Limited and Vin Murria retain an aggregate interest of at least 11.5 per cent. of the Company's issued share capital."

[x54v] 30/3/2023 12:49

Share price drift presenting a good top up opportunity with cash per share at 77.6p but shares only 75p to buy. In fact, just 74.3p to buy for around £10k worth.

On top of that the SAA holding is currently worth a further 17.3p per share and is trending strongly upwards.



It's taken a long time for sure, but I'm ever hopeful that one day there will be an acquisition RNS and Vin Murria will grow ADVT just like she grew Computer Software Group and Advanced Computer Software.

[x54v] 14/3/2023 08:53

Yes, costs very modest and counterbalanced to an extent with interest accrued on the large cash balance:

"Interest income from cash deposits largely offset operating losses, most of which related to changes in fair value of financial assets during the period"

No mention as you say of how close ADVT is to an acquisition. But as time passes further sector and market weakness may throw up even better opportunities / bargains than are currently available.

Waiting paitently with a hefty bank balance ready to pounce when there is blood on the streets could prove to be a better strategy than buying just now in a declining market that may have further to fall. Especially if there is more fallout to come from the SVB collapse.

[stemis] 14/3/2023 08:41

Yes, clearly undervalued. On the plus side, we aren't seeing net assets eroded by directors expenses, professional fees and admin costs, which are relatively modest and less than interest income. On the negative side, no clues as to how close we might actually be to an acquisition.

[x54v] 14/3/2023 07:41

Results confirming 103.4m in cash vs 100.6m mcap.

NAV of 95.6p vs 75.5p share price.

So more cash in the bank than the market cap and 12 million shares in SAA thrown in for free.

A strong position to be in, waiting with a tonne of cash for the right opportunity to present itself as markets continue to decline.

[jans3] 13/3/2023 06:38

Well she's had 2 years already.....

[colinroberts] 12/3/2023 18:54

Stemis - my thinking too...

[stemis] 12/3/2023 18:41

So Vin could be in a good position to identify any good tech companies that need 'rescuing' due to SVB's insolvency...

[x54v] 12/3/2023 18:28

She's a non exec with them I think. Also a director with Bunzl and Softcat and was on the board at M&C Saatchi before the takeover bid. Fingers in lots of pies.

[haroldthegreat] 12/3/2023 16:55

Thanks for the information x54v . It was pointed out in one of the newspapers she is a director of SVB Uk's subsidiary .

[x54v] 12/3/2023 13:26

Given that Vin Murria has personally invested £17.5 million of her own cash here, you'd imagine that she will have been especially careful with regards how cash reserves are dealt with.

[x54v] 12/3/2023 13:05

"Credit risk is the risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation. The main credit risk relates to the cash held with financial institutions. The Company manages its exposure to credit risk associated with its cash deposits by selecting counterparties with a high credit rating with which to carry out these transactions.

The counterparty for these transactions is Barclays Bank plc, which holds a short-term credit rating of [P-1], as issued by Moody’s. The Company’s maximum exposure to credit risk is the carrying value of the cash on the Consolidated Statement of Financial Position reserves and the Directors believe this risk is adequately mitigated."