Advancedadvt Share Discussion Threads

[x54v] 22/7/2024 09:35

MelloMonday, 22nd July 2024, 5.00pm - 8.00pm

6:40pm Company presentation by AdvancedAdvT plc

[walter walcarpets] 22/7/2024 06:28

Vin Murria, AdvancedAdvT's Executive Chairperson, said



"We are seeing positive momentum in multiple areas and continue to make strong progress on delivering operational performance, particularly in new wins, recurring revenue, utilisation and improved profitability. We also continue to explore numerous acquisition opportunities to expand the Group.



"Our business solutions and healthcare operations have won some notably large contracts across the Irish and UK public sector, whilst the human/resource management operations have extended and expanded a number of substantial multi-year contracts with the larger corporates.



"Many of our customers are assessing the benefits of digital transformation and its alignment with their strategy for the coming years. We see numerous opportunities for business growth, particularly with AI, automation and SaaS offerings, to support their digital transformation.



"The Group is experiencing good organic growth, in line with the Board's expectations."

[northwards] 19/7/2024 14:42

Yes, the short notice for results is interesting.

[cf456] 19/7/2024 12:44

Yes, quite short notice to results and coming later than anticipated.

Another deal that they’ve been working on could well be on the cards.

[stemis] 19/7/2024 12:18

Seems quite short notice. Let's hope it's because they've agreed a deal that they've been working on. The first steps in the deployment have been good but the cash will remain a drag on the share price until it's used.

[x54v] 19/7/2024 12:03

Results on Monday.

[ali47fish] 15/7/2024 07:35

retrace maybe an opportunity

[northwards] 12/7/2024 11:30

Good to see volume & a rising share price

[x54v] 11/7/2024 16:38

"Tech titan Vin Murria OBE, founder of Advanced Computer Software plc, has been named Top Asian in UK Tech 2024 by Diversity UK.

Vin Murria has had an outstanding career in the tech sector and is one of the original tech pioneers of this country.

She has smashed the glass ceiling for women in FTSE companies, the AIM market and within entrepreneurship. Vin has remained focused in her drive to create better-performing companies, driven by technological advancement, and she has truly mastered the art of deal-making.

Her determination, razor-sharp intelligence and keen eye for an opportunity has brought her success and prosperity."

[x54v] 09/7/2024 12:56

VM has historically said that she would never chase a deal and only buy when the price is right which is reassuring.

From what was stated in the interims, there appeared to be a number of opportunities worth assessing:

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

[northwards] 09/7/2024 12:38

That's good news. I guess a potential downside is we may have to pay higher multiples for future acquisitions.

[x54v] 09/7/2024 12:24

That would certainly help.

As a reminder, in the Mello interview back in February VM mentioned that there had already been several approaches by PE to buy the acquired businesses at a multiple of the price paid:

"From everything that we've seen and what we've heard to date, ignoring the cash element, we'd probably get 3 to 4x what we paid for the businesses we've got immediately. Certainly 3x - without question."



That was back in February and much work will have been done since then to optimise these businesses thus adding yet further value.

[1ultimate] 09/7/2024 08:37

What’s going on here, loads of buying? News coming? Looking very good

[cf456] 05/7/2024 15:41

The increase in volume is possibly hinting at that ;-)

[northwards] 05/7/2024 15:25

News next week ?

[x54v] 05/7/2024 11:10

"We are celebrating! 🍾 🥂 🎉

Great news today for Celaton customers, partners, staff, new colleagues and ADVT customers:

Acquisition of Celaton, global experts in Intelligent Document Processing, by Advanced AdvT Ltd, completes today.

...

All our Celaton colleagues will remain in their roles as the company joins four other ADVT companies in the group; IBSS (best known for its finance management software for the public sector), CHKS (specialists in healthcare intelligence compliance software), Retain (leaders in resource planning and talent management software), WFM (experts in workforce management software).

Jim Chase, Celaton's Executive Chairman said, "This is great news for our customers and partners, and team Celaton looks forward to further collaboration with our new group colleagues, working closely with ADVT customers, and to collectively accelerating the group's overall solutions portfolio."

[x54v] 04/7/2024 15:37

“I’m afraid I take more notice of the share price direction”

Certainly important if you’re trading the short term swings, but if you’re in for the long haul like VM then:

"The bottom line is - you can't sit and watch a share price, you have to go and get on with driving a great, strong growth business"

[northwards] 04/7/2024 13:38

Thats my sense. Else why the delay.

[gsmiley] 04/7/2024 12:27

Given VM's previous comments on the timing of the results and update release, I suspect that no news/RNS delay means something is happening. Celaton was practically in-house already so that was never a big (news) deal. My guess is they are either waiting for a big contract sign/renewal at increased prices or ADVT is trying to close another acquisition to announce at the same time as its results. They still have nearly 8 weeks to do that.

This is all speculation, of course, but the share price looks as if it is recovering a bit today so I am happy.

GLA
GS

[cestnous] 04/7/2024 07:37

I’m afraid I take more notice of the share price direction

[x54v] 03/7/2024 12:13

I don't imagine you just "lose your touch" after 30+ years of success in an industry. If anything, you gain valuable experience and learn many lessons.

No issues with underlying company performance according to the latest trading update and a hefty cash balance still for acquisitions.

"Year-end trading update

The Group expects to report good progress against key financial metrics, providing a strong platform for further growth, based on the unaudited financial results for the eight months to 29 February 2024.

Revenues and Adjusted EBITDA continued to perform well, ahead of pre-acquisition trading benefitting from the actions outlined at the time of the Group's interim results announced 28 March 2024. Recurring revenues remain at approximately 77% of continuing revenues.

Net cash and investments held as at 29 February 2024 totalled £102.9m. Net cash was £82.1m with a further £20.8m held as an investment in M&C Saatchi plc."

Barbara Firth was confident enough to invest £100k worth recently at 141p. Vin Murria was confident enough to back herself at IPO with an investment of £17.5 million of her own cash.

[cestnous] 03/7/2024 11:18

Or maybe she’s just lost her touch. Lost money on BIG, her previous enterprise which has gone nowhere. Down 6% on this one. If that gets to 10% it’ll be gone.

[x54v] 02/7/2024 12:46

A spot of weakness here in the absence of any major newsflow, perhaps due to bored holders or those with a shorter term horizon.

But could prove to be another opportunity to buy for the long term if news of a further acquisition proves to be just round the corner.

Now possible to buy cheaper than the 141p Barbara Firth paid for £100k worth of shares in May.