Bytes Technology Share Discussion Threads

[tomps2] 26/11/2021 09:05

Alexandra Jackson Interview with PIWORLD

Alexandra Jackson mentions Bites Technology Group #BYIT at 13m53s in the latest PIWORLD interview

Watch the video here:

Or listen to the podcast here:

[w1lbur01] 14/9/2021 08:35

Nice update and brought my first lot of shares today

[tole] 14/9/2021 07:46

Bytes continued to trade strongly during the first half of the financial year, building on the robust maiden full year results reported in May 2021 and the positive start to the current financial year that we announced in July 2021. During H1 FY22 the Group delivered year-on-year low-teens percentage growth in gross profit and high-teens growth in adjusted operating profit, reflecting a performance which has seen corporate sector demand strengthening alongside continued growth from the public sector. Cash collections and conversion have remained very strong and our operating expenses have also benefitted from ongoing efficiencies.

[tole] 12/8/2021 06:56

Ashworth-Lord takes Bytes of the actionCFP SDL Free Spirit fund has taken a new position in Bytes Technology (BYIT), which manager Keith Ashworth-Lord backs for its competitive position, growth record, and profitability.The Citywire AA-rated manager of the £116m fund announced he had taken a stake in the UK's leading 'value added resellers of technology products and services' in his latest factsheet.He said the company has built 'a strong competitive position with a hugely skilled workforce and long-established relationships with both customers and vendors'.Currently, over 60% of gross profit comes from repeat revenue, such as cloud-based software sales, and 90% of gross profit is from existing customers 'demonstrating high levels of repeat demand and customer loyalty'.'The company has an excellent track record of growth, profitability, and cash generation. The return on equity exceeds 50% and over 100% of earnings are converted into free cashflow,' said Ashworth-Lord.'Finally, the chief executive and chief financial officer have both been with Bytes for more than 20 years and have material shareholdings. Exactly the kind of alignment we like to see.'Shares in Bytes were down 0.9%, or 5.4p, at 479p yesterday.

[thefartingcommie] 23/4/2021 12:00

Mng all...joined the party...on the back of Max Ward (IIT)...Bytes Technology Group plc ORD GBP0.01 6.15% ....he wld certainly have done his dd.

[sphere25] 24/3/2021 12:13

No problem Tole.

If the opportunity is there, then I'm sure folk who do trade the index re-jigs jump in for little sharp trades. The MSCI reviews can throw up some opportunities too.

Worth keeping a tabs on.

All imo
DYOR

[tole] 22/3/2021 20:44

Thanks Sphere. Wasnt aware of the inclusion here.
Intersting.


Always like to trade the quadruple witching dates as it can throw up some short term misprices especially in the auction. I assume this always coincides with the index review dates too.. 3rd friday of the quarter.

[sphere25] 19/3/2021 12:29

Hi Tole :-)

Just a comment on the FTSE review changes taking place at the close of play today.

Posted the changes on the RCH board (it was close to getting into the FTSE250 but fell away) a short while back but will re-post here:

FTSE100:

IN - WEIR, RSW
OUT - MRW, PNN

FTSE250:
IN - MRW, PNN, DOCS, BYIT, CHRY
OUT - WEIR, RSW, NESF, BCPT, PFC

FTSE350:
IN - DOCS, BYIT, CHRY
OUT - NESF, BCPT, PFC

FTSE SmallCap:
IN - NESF, BCPT, PFC, LAM, GSEO
OUT - CHRY

FTSE AllShare:
IN - DOCS, BYIT, LAM, GSEO
OUT - None

FTSE Fledgling:
IN - None
OUT - LAM


The likes of BYIT, BCPT and LAM could possibly provide quick opportunities if the book skews to one side. The movements aren't as powerful as they used to be years back because the FTSE review process has been more smoothed recently.

You can still get gyrations in the afternoon from around 3:30 ish onwards but have to be quite sharp and take the profit before the close because the order book can skew one way in the open trading hours market and then close the other way in the auction.

Seen plenty in the past where you can have a book look strong with good demand for shares on the bid and say get bid up from 118p to 125p but then close at 115p in the auction.

BYIT is very lumpy and gaps alot so have to be even more careful with these but it's a case in point about future index review possibilities. Nonetheless, can always watch from the sidelines and observe some of the movements, as well as the auction where there will be some whopping exchanges.

Outside of the review shares, other shares in the main indices will also see above normal auction exchanges so there can be opportunities in some of the ordinary ones too where the weightings in the relevant index have to be increased and where the sellers might not as prevalent on the offer intraday.

I remember PHTM as an example of a share that wasn't moving as part of an index years back moving suspiciously higher into the close and on checking the order book it was heavily skewed with the demand very strong. Not only did it rally into the close, it gapped about 10% higher in the closing auction managed to chuck the shares into the auction and make a decent turn.


All in all, even though the process is more smoothed and provides less opportunities, it is still well worth keeping an eye on anything that is moving irregular in the afternoons of these closing FTSE review auctions to see if there is a very quick in and out intraday trade.

All imo
DYOR

[tole] 17/3/2021 07:03

Bytes, one of the UK's leading software, security and cloud services specialists, is pleased to provide the following update on trading for its financial year ended 28 February 2021 ("FY21"). The trading environment has remained resilient throughout the second half of FY21, and as a consequence Bytes expects to report preliminary results somewhat ahead of market expectations, with comfortably double-digit percentage gross profit growth and adjusted operating profit growth in the upper teens for the financial year as a whole, all of it organic. Cash conversion has also remained strong, resulting in a net cash position at 28 February 2021 of GBP20.7 million, ahead of management's expectations

[the white house] 15/2/2021 12:37

Someone nibbling enough to offset the 2 x SA sellersInteresting

[opaldouglas] 14/2/2021 09:00

What's the driver for the high valuation? I can't find any broker notes. Thanks in advance.

OD

[rampmeister] 10/2/2021 15:57

I’ve joined you today. The interview below covers MXCT which I hold but also BYIT.

RM


0
MXCT mentioned in this interview with Dan Hanbury, UK Equity Fund Manager at River and Mercantile, from about 14:30

[battlebus2] 09/2/2021 12:28

Also bought.

[phg87] 09/2/2021 10:22

Got in here last week, surprised no posts

[simon gordon] 22/12/2020 15:21

Website:

-hxxps://www.bytes.co.uk/

-----

The UK IT market is highly fragmented and the Directors believe that the Bytes Group's share of its core software market is less than 3 per cent., which demonstrates the significant opportunity for further growth.

Admission Document