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ADVT Advancedadvt Limited

140.00
0.00 (0.00%)
03 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Advancedadvt Limited LSE:ADVT London Ordinary Share VGG0103J1075 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 140.00 225,075 08:00:19
Bid Price Offer Price High Price Low Price Open Price
135.00 145.00 140.00 140.00 140.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 21.12M 7M 0.0526 26.62 186.48M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:20:17 O 25,000 142.50 GBX

Advancedadvt (ADVT) Latest News

Advancedadvt (ADVT) Discussions and Chat

Advancedadvt Forums and Chat

Date Time Title Posts
02/12/202416:43 AdvancedAdvT Vin Murria company 947

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Advancedadvt (ADVT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-12-03 17:01:50142.5025,00035,625.00O
2024-12-03 16:20:18142.5014,03219,995.60O
2024-12-03 14:47:41142.5025,00035,625.00O
2024-12-03 14:47:36142.5025,00035,625.00O
2024-12-03 13:56:30140.613,0004,218.33O

Advancedadvt (ADVT) Top Chat Posts

Top Posts
Posted at 03/12/2024 08:20 by Advancedadvt Daily Update
Advancedadvt Limited is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker ADVT. The last closing price for Advancedadvt was 140p.
Advancedadvt currently has 133,200,000 shares in issue. The market capitalisation of Advancedadvt is £186,480,000.
Advancedadvt has a price to earnings ratio (PE ratio) of 26.62.
This morning ADVT shares opened at 140p
Posted at 14/11/2024 14:19 by stemis
Ebitda doesn't include £4m rise in Saatchi value.

At 142.5p mkt cap = £189.8m
Less: £106.9m cash & shares in SAA => £82.9m (1)
H1 Ebitda x 2 = £8.2m (2)
Valued at 10.1 x ebitda

(1) using current SAA share price
(2) including full impact of Celaton acquisition
Posted at 14/11/2024 07:23 by bdbd11
Stunning results. Strip out the cash and share holding and you have a current p/e of about 5. For a company growing this fast that is ludicrous. Share price could and should double in short order.
Posted at 30/10/2024 08:21 by cf456
Could do with some news to help the share price, but there's hardly any "desperate need" given the strong underlying business, significant cash balance and Vin Murria in charge.

As Puzzler2 says, best to wait for the right deal.

Interesting that you created the profile yesterday Spectemur and this is your first and only post.
Posted at 16/10/2024 16:16 by x54v
Definitely undervalued at this level.

Cash = £83.3m (as per 27/09 RNS)
SAA holding = £23.9m (12m shares at 199.5p mid)
Acquisitions = £103.5m (£34.5m cost x 3 as per VM statement in Feb):

"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 gives a £210.7m valuation (158.2p).

The team will have optimised the acquisitions plenty since Feb so that valuation will likely have risen further.

So the market isn't recognising the current value in the shares imo. And it certainly isn't factoring in the likelihood of further acqusitions. With a hefty cash balance there is plenty of firepower for those.

A frustrating wait, but value will out in the end. VM certainly has prior history and ADVT has a long way to go in share price appreciation if it's to catch up with Advanced Computer Software:

"Vin was the founder and Chief Executive Officer of Advanced Computer Software from 2008 until 2015 and built the business organically and through acquisition from an initial cash shell to its $1.1bn to Vista Equity Partners, delivering shareholder return of almost 1,100 per cent. The business was named Tech Company of the Year (2014) having grown to be the 3rd largest UK headquartered software business."
Posted at 16/10/2024 15:08 by x54v
Would love an RNS announcing a chunky earnings-enhancing acquisition which could really get the share price moving. The ambition is certainly there:

"We recently made a bid for a business that just got bought by another player...and we bid a very substantial amount of money, upwards of 160, 170 million and it got taken out for 210."

"The next one is...and we're already talking to other parties. There's a combination of larger scale organisations which will be transformational plus there are smaller opportunities that will continue to be bolt-ons, so happy to do both."

"At the moment there are still some really interesting opportunities and hopefully we'll bring some of them to fruition."



--

One day it will happen and those selling will be be chasing the price a lot higher to get back in again.
Posted at 02/10/2024 14:55 by stemis
Doubt it's anything to do with SAA (M&C). The 33p drop in SAA share price is worth just 3p/share to Advt. Most likely some PI's getting bored with the lack of news on further acquisitions and taking their 10/20% profits.
Posted at 19/9/2024 12:22 by stemis
Any increase in SAA share price is good news for Advt but it's not hugely material. An 11p increase in SAA share price is worth just 1p/share to Advt.
Posted at 04/7/2024 15:37 by x54v
“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"
Posted at 02/6/2024 12:28 by gsmiley
I digest these things quite slowly and it helps my thought processes to post. ADVT appeared in SCSW (published early this month...) but nothing new. It did however remind me that ADVT has just bought Celation for 4.2x EBITDA (pre-dev costs).

If I take VM's multiple for an instant sale to private equity of 15x and her rough average buy at c. 5x EBITDA and a guessed at current run rate today of £8m EBITDA (Inc Celation) then the businesses in ADVT could be sold now for about £120m. And there is about £100m of cash/near cash.

I would be gobsmacked if the EBITDA run rate this time next year from the businesses presently in ADVT was not £12-15m. At 15x that is £180-225m. BTW, reading between the lines I would not be surprised to see EBITDA at >£20m 12 months from now - like for like.

There is no clue as to how fast VM will spend the cash she has in the bank, but when she does, she will surely try to carry on buying at about 5x EBITDA. As she does so, her instant out at 15x will be increasingly valid as ADVT gets bigger. So I think the £100m of cash will equate to about 300m of private equity sale valuation. £180-225m + £300m = £480-525m.

There is no allowance in that for improvements in new acquisition performance nor for synergies with existing apps.

Anyone who is familiar with VM's performance at Advanced Comp Software will remember that most of the EBITDA growth came organically from a combination of efficiencies, new business wins and very purposeful cross-selling of solutions. It was a while ago, but my sketchy notes from then suggest about 75% of EBITDA growth was generated internally. So I get to £480-525m x 3(ish) = target exit of £1.4-1.5bn. That equates (rough rough) to an share price of over £10. Timescale? My guess is 3-4 years - VM is 62 and may want to slow down a bit as she nears 65.

Seems silly not to hang around for something that has an outstanding chance of 7x from here.

So - no profit-taking from me yet. That may change when this thing nears 300p and I look forward to the day.

GLA
GS
Posted at 09/2/2024 12:24 by x54v
The share price is quiet for now and holding firm, but there are plenty possible future catalysts which might drive it higher.

Further acquisitions are highly likely. VM is well known for these and her prior successes with Kewill, CSG and ASW were in part down to a focussed acquisition strategy. According to the trading update on Jan 8th:

“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.”

so it’s only a matter of time before a further acquisition is announced imo.

The existing businesses are bedding in as planned:

“AdvT's performance for the six months ended 31 December 2023 aligned with the Board's expectations.”

but VM will be looking to improve performance in each of them:

“Avenues for deploying financial and operational resources and investments to enhance the organic growth of AdvT have been identified.”

so there is scope here for future news releases pertaining to improved performance.

Lastly, the shares are very much under the radar at the moment. Increased coverage will come in time I’m sure as investors pick up on the growth and acquisition story. However there is also the possibility that a well-known tipster / tipsheet will cover ADVT. The editor of SCSW for example states that he “has known Vin Murria for many years”, and the tipsheet covered CSG and ASW historically fairly frequently.



The share price is still only just above where VM bought in 3 years ago, so it continues to present a great long term buying opportunity imo. I have confidence that in the months and years ahead that ADVT will be a different beast entirely with a much larger market cap and share price. Watch this space!
Advancedadvt share price data is direct from the London Stock Exchange

Advancedadvt Frequently Asked Questions (FAQ)

How many Advancedadvt shares are in issue?
Advancedadvt has 133,200,000 shares in issue.
What is the market cap of Advancedadvt?
The market capitalisation of Advancedadvt is GBP 186.48 M.
What is the 1 year trading range for Advancedadvt share price?
Advancedadvt has traded in the range of 82.00p to 155.00p during the past year.
What is the PE ratio of Advancedadvt?
The price to earnings ratio of Advancedadvt is 26.62.
What is the cash to sales ratio of Advancedadvt?
The cash to sales ratio of Advancedadvt is 8.83.
What is the reporting currency for Advancedadvt?
Advancedadvt reports financial results in GBP.
What is the latest annual turnover for Advancedadvt?
The latest annual turnover of Advancedadvt is GBP 21.12M.
What is the latest annual profit for Advancedadvt?
The latest annual profit of Advancedadvt is GBP 7M.
What is the registered address of Advancedadvt?
The registered address for Advancedadvt is COMMERCE HOUSE, WICKHAMS CAY 1, ROAD TOWN, TORTOLA, VG1110.
What is the Advancedadvt website address?
The website address for Advancedadvt is www.advancedadvt.com.
Which industry sector does Advancedadvt operate in?
Advancedadvt operates in the TRUST,EX ED,RELIGIOUS,CHARTY sector.

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