Advancedadvt Share Discussion Threads

[x54v] 16/1/2024 11:16

Only just back to where Vin Murria personally bought £17.5 million worth at 100p nearly 3 years ago.

Clearly with that amount of personal investment she is expecting a lot of upside from the current level.

[someuwin] 16/1/2024 10:41

Interest picking up here.

[x54v] 11/1/2024 16:52

As stated on the company website, "Vin has completed over 90 acquisitions and disposals of technology and digital services businesses totalling approximately £3 billion in transaction value."

So clearly she is more than capable of finding suitable acquisitions. An expert even.

I'd suggest that over the past couple of years, there have been a number of potential opportunities found but these have been rejected because the price was too high. Given how markets have fared since, holding off and not over-paying has proved to be a shrewd move.

Now with valuations at a much better level the company states, "there has been a notable increase in inbound opportunities. The Board will continue to evaluate these against its acquisition criteria."

I have every confidence that there will be plenty of acquisitions ahead and that Vin Murria will buy these at a sensible level, growing the company significantly as she has done previously with Kewill, CSG and Advanced Computer Software.

[skyship] 11/1/2024 16:14

Acquisition targets? She's been looking for acquisitions since Mar'21 when listing - and likely well before that. So in 3yrs pretty much diddly-squat! Don't hold your breath.

Seriously though - she does have a great track record; and there is nothing worse than rushing in and over-paying. So I'm sure this will come good...eventually.

[stemis] 11/1/2024 15:10

The cash is certainly going to be a drag on the share price in the short term but at least now Advt have a base of businesses onto which to build. With further acquistions the share price should hopefully start to motor...

[someuwin] 11/1/2024 11:58

Do we have any idea on what acquisition targets might be?

[philly cheesesteak] 11/1/2024 08:39

No quote to buy at 95p, I reckon this starts to move higher today, the LinkedIn comments above tally with the disposal of Synaptic which was loss making & reduced the net profitability of the remaining 4 acquired companies. Very smart decision making.

Most LSE SaaS companies with recurring revenue & profitability are valued at 15-20x P/E or a 3-5x multiple of ARR. FY22 recurring rev was ~£23m, so at 3x you could be looking at a sum of parts valuation of 130p (52p for the acquired businesses, 61p cash, 17p SAA shares). At a 5x multiple it would be 155p.

Seems to be a very good margin of safety buying down here.

[hugepants] 10/1/2024 12:20

Nice bit of marketing on the website. "AI" mentioned 3 times on the front page.

[x54v] 10/1/2024 09:27

A brand new website:

(remove the space before the www)

www.advancedadvt.com/

[philly cheesesteak] 10/1/2024 08:50

Definitely looks interesting given the financials of the acquired businesses;

"In the twelve months ended 31 December 2022, the Acquired Group reported revenues of
£32.4 million and an EBITDA of £5.2 million."

74% recurring revenue & you presume that they will look to trim fat wherever possible to boost EBITDA margins.

With £81m+ in cash at bank, £22m in SAA shares and FCF generative, it looks to be a good buy & hold candidate.

[x54v] 10/1/2024 08:40

Yes, an encouraging start so far.

Worth remembering that the price is only just back level with Vin Murria bought £17.5 million worth for herself at 100p.

And of course that she 10 bagged Computer Software Group and Advanced Computer Software using the same strategy as is being used here.

[jans3] 10/1/2024 08:33

Spent half hour trying to buy! Just got 33000 at 100p . Probably drop later but in for the long term so not concerned. Fair value

[balcony] 10/1/2024 08:17

Only early but nice start.

[x54v] 09/1/2024 15:18

"#ADVT admission to AIM tomorrow.

Share price 82p
Mcap £109.22m

Investment in #SAA worth £19.2m
£78.7m cash with a further £3.5 to come from the sale of Synaptic.

Acquired businesses purchased for a combined £33m from Capita.

No debt

Assets worth >£130m
Fair value = 100p"

[x54v] 08/1/2024 16:38

Admission document now live:

[x54v] 08/1/2024 16:16

Opportunities to do so on the increase by the sounds of it....

"M&A is a core part of AdvT's strategy and there has been a notable increase in inbound opportunities. The Board will continue to evaluate these against its acquisition criteria."

[skyship] 08/1/2024 16:06

Put all that cash to work VIN...

[stemis] 08/1/2024 12:45

Encouraging trading update for first 5 months of ownership, albeit without any numbers...

[x54v] 07/1/2024 18:22

No probs colin.

It’s certainly been quiet on the news front these last few months. A steady stream of newsflow in the months ahead would be welcome.

It will be interesting to see how the market reacts on Wednesday.

[colinroberts] 07/1/2024 08:45

X54, Stemis - thanks for your eagle eyes over the last 7 months of 'shutdown', it would have been deathly silent otherwise. BTW I have 4 software/tech companies in my portfolio, and this is the largest by some way. I think the outlook for Wednesday is good.

[x54v] 05/1/2024 19:42

New website and re-branding at Workforce Management Software:



Good to see the ADVT influence kicking in. I would think there will be a fair bit of effort going into optimising the existing businesses to ramp up organic growth.

Looking forward to the shares being re-listed next week.

[stemis] 24/12/2023 11:35

EXPECTED ADMISSION DATE:
10 January 2024

[x54v] 22/12/2023 08:30

Strengthening the board with a couple of ex Advanced Computer Software Group / Computer Software Holdings directors (Paul David Gibson & Barbara Ann Firth) judging by today's RNS -