Advancedadvt Share Discussion Threads

[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 -

[x54v] 14/12/2023 11:27

The bear market in small caps certainly hasn't helped.

Hopefully they'll get back up to 200p and beyond again in time as inflation falls and UK shares start seeing more buying interest.

I guess there's always the possibility that bidders coming knocking on their door again too.

[stemis] 14/12/2023 11:10

Shame we bought them at 200p

[x54v] 13/12/2023 17:51

Good to see further strength in the SAA share price which has just broken out to a new high above 150p, helping increase ADVT's NAV.

12 million SAA shares at the lows of around 120p were worth £14.4 million. Today at the 152p close they are worth £18.2 million, so a nice increase in the holding there of around £3.8 million.

Vin Murria will be doubly pleased given that she personally owns 15.2 million SAA shares.

[x54v] 07/12/2023 17:14

“So on 10th Jan 24 i will be able to buy shares in a Vin Murria company again as @AdvancedAdvt joins AIM. Excelent article by Tola Sargeant on TechMarketView today - see below. So i won’t repeat the background.

Just to say I’ve backed Vin’s exploits for over 20 years since my Elderstreet days. Not just her major ventures but her NEDs (at the likes of Zoopla, Softcat plc , Bunzl plc) and her tilt at M&C Saatchi Group. I must calculate my gains from this strategy - but it is very considerable! Vin seems to have the Midas touch!”