Interesting volume here |
@netcurtains - for his personal credibility - he was the SID - his position was untenable. |
I wonder why that guy left suddenly...
Bit bizarre |
It's been knocking on £5.40s door all day. Looks about to go North. |
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 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. |
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. |
And there's more lolz |
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. |
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. |
From company home page ( investors ).
“We make it a priority to promote our key values of integrity, communication, learning, responsibility, teamwork and reward” |
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? |
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 |
FSL doing a great job as usual. 15% down from their recommendation a week or so ago. |
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. |
Fleet Street Letter has recommended this. They see a good future. |
Last time I wanted to buy this around £5 but then it went upto £6 in no time Where will it stop bottom this time Not rushing to buy yet but around &5 maybe |
What is going on here? |
Richly priced for a reason. |
A great company but richly priced in the current environment. |
Good figures, bear market otherwise the share price would be much higher imo |
All looking very positive for Bytes:'Since the release of the Group's full-year results on 23 May 2023, the business has continued to trade strongly, and we are seeing resilient demand and pleasing win-rates across both the corporate and public sectors. The Company has performed well across its key financial performance metrics, with percentage growth in Gross Profit and Adjusted Operating Profit comfortably in double digits for the first four months of the financial year. Percentage growth in Gross Invoiced Income significantly exceeded the increase in Gross Profit as a result of a number of high volume, lower gross margin software wins in the period' |
https://www.linkedin.com/posts/sammudd_teamphoenix-microsoft-mspartner-activity-7079537172470448128-PkY1?utm_source=share&utm_medium=member_ios |
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