Bytes Technology Share Discussion Threads

[premium beeks] 18/4/2024 15:13

With of course the potential for a kiss off 4.50 judging by the chart, although I don't reckon that's the scenario we will see.

[premium beeks] 18/4/2024 15:11

As posted on another thread.A low volume day in Bytes (BYIT) today.Would nail my reputation to this being 20-30% higher by year end.A seller I reckon keeping it down for now. I increased my position today.

[tsmith2] 10/4/2024 16:15

seller cleared?

[tsmith2] 10/4/2024 13:32

Big vol today

[premium beeks] 10/4/2024 13:11

So a fund is buying, hence the higher volume.It's good for another rise in to May/June now, where I expect we have a share price beginning with a 6 (not in pence!)

[premium beeks] 08/4/2024 16:33

Interesting day! Well bought in to the close

[premium beeks] 08/4/2024 13:05

Spotted that. I took another position at 493.

[tsmith2] 08/4/2024 12:45

Interesting volume here

[mpage] 25/3/2024 18:49

@netcurtains - for his personal credibility - he was the SID - his position was untenable.

[netcurtains] 25/3/2024 18:18

I wonder why that guy left suddenly...
Bit bizarre

[premium beeks] 19/3/2024 15:33

It's been knocking on £5.40s door all day. Looks about to go North.

[premium beeks] 18/3/2024 10:08

Bought here today.

A fantastic company, in 20 years i've not worked at a technology provider or government agency that doesn't use them and they are 2nd to none.

This will blow over and the underlying business is in superb shape. There's no evedence of accounting improprieties, just looks like someone using knowledge to trader the shares - silly and damaging but at 5 quid can overlook as an investment case.

[skyracer] 18/3/2024 09:53

Skyracer 26 Oct '22 - 13:54 - 19 of 48

Not holder. Just a brief look. This is a £1bn business. "growing our share of wallet", what sort of spivvy remark is this to appear in a large plc accounts ?

*

And now we know. Was more than just a spivvy remark.

[melody9999] 18/3/2024 09:40

Yeah can only think investors have been spooked that FY results wull be impacted. But its only the timing that is affected.

No suggestion that the company is at fault - just 2 individuals - so IMV this will blow over. And trading looks ok. They just need to close out this investigation asap.

[lennonsalive] 13/3/2024 08:42

And there's more lolz

[mpage] 23/2/2024 11:25

Agree, the trades published this morning are bizarre. What was he thinking? Was he trying to ramp the price? Did he have an addiction problem? Perhaps he took the share ticker too literally (Buy It). Anyway, he'll never hold a board position again in a quoted company.

The bigger question is - as a former sales director - "How crucial was he to drumming up new business?" Perhaps not that crucial. A lot of business is repeat biz with existing customers. And let's not forget the untainted public sector side.

The return on capital (approaching an incredible 90%), gross margin(70%)and net EBIT margin (28%) all indicate that this is a fantastic business.

The share price seems to move roughly in line with Microsoft (no surprise there) so perhaps that's the thing to watch given Byte shares trade on a hefty multiple.

[sunshine today] 23/2/2024 08:26

That said, its out in the open and not been covered up.

One person out of 500 plus.

Over my lifetime i have seen so many fiddle, for tiny potential gains.

On a brighter not, i see this company has grown gross margins by 20% a year for ten years.

[sunshine today] 23/2/2024 08:21

From company home page ( investors ).


“We make it a priority to promote our key values of integrity, communication, learning, responsibility, teamwork and reward”

[wildchild] 23/2/2024 07:45

Exactly. The problem is we need to be able to trust where we put our money. I can't begin to fathom what he was doing or why etc, and I guess we'll never know.
It was just sheer luck that I hadn't bought any shares here recently, although they were on my potential buy list. Now, I'm still not sure, as on the surface the company says all is inline, but just how integral was Mr. Murphy to the growth of the company these last few years, and will he stay on or not?

[mammyoko] 23/2/2024 07:25

Bizarre story here - terminated for repeated and persistent trading outside of MAR over a period of a couple of years that netted him peanuts in profits. After 26 years with the company and while, at the same time, holding millions of pounds of shares. What on earth was he thinking? Am I being naive? Is there more to this than meets the eye?

Given the huge emphasis placed on trust in the most recent 'glossy', I can see why he had to go. But will it have any real impact on the business? Perhaps he will stay on as a consultant although that might be constrained by how that would appear.

Just don't know what to think here. I hold from lower and am thinking of adding but difficult to tell if this will have any repercussions on a business that's built upon integrity

[vb6] 21/2/2024 15:58

FSL doing a great job as usual. 15% down from their recommendation a week or so ago.

[mpage] 21/2/2024 15:57

Biog from website (before they take it down)

Neil Murphy joined Bytes as the Sales Director back in 1997 having previously worked as sales Manager for ICL Fujitsu. Neil has over 30 years’ experience working in the IT sector mainly in sales and sales management roles. In 2000 Neil was promoted to the position of MD of Bytes and over that time has with his colleague Keith Richardson overseen the growth and development of the Bytes business. Focusing on organic growth, coupled with some small tactical acquisitions the company has grown strongly over this period. Neil has focused on creating a "can do" culture with the customer at the centre of the strategy. There is a strong emphasis on people and building the right culture. Bytes has grown to become a significant Value Added Reseller in the UK market over the last two decades under his leadership.

Because sometimes c.£16m isn't enough.

[vb6] 08/2/2024 08:53

Fleet Street Letter has recommended this. They see a good future.