Bytes Technology Share Discussion Threads

[vb6] 08/2/2024 08:53

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

[zam1] 03/1/2024 10:15

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

[zam1] 02/1/2024 13:04

What is going on here?

[johnrxx99] 02/1/2024 05:55

Richly priced for a reason.

[kemche] 25/10/2023 11:39

A great company but richly priced in the current environment.

[faz] 25/10/2023 08:34

Good figures, bear market otherwise the share price would be much higher imo

[adthorn] 12/7/2023 07:53

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'

[adthorn] 30/6/2023 21:38

https://www.linkedin.com/posts/sammudd_teamphoenix-microsoft-mspartner-activity-7079537172470448128-PkY1?utm_source=share&utm_medium=member_ios

[adthorn] 30/6/2023 21:37

https://www.linkedin.com/posts/jack-watson-7390234_money-saving-deal-gives-nhs-staff-access-activity-7080111077300031488-5kkQ?utm_source=share&utm_medium=member_ios

[adthorn] 30/6/2023 21:36

If I'm seeing what I think I see then yes, it will continue upwards! The MD of one of the divisions posted about an extension of big contract with NHS today so i expect a market update if it's material to income! The other division has just won two Microsoft global partner awards so things are looking positive for the group!

[mbds01] 30/6/2023 15:24

What do you mean by that - do you expect it to continue upwards?

[adthorn] 30/6/2023 13:40

Nice cup and handle forming here

[blackhorse23] 24/3/2023 08:11

Sold with profit & bought GNC

[boozey] 23/3/2023 23:03

thanks again Tole. We need the ftse 250 to stage a recovery to support price improvement here.

[tole] 23/3/2023 06:25

Numis upgrades Bytes Technology, notes 'strong rebound' in 2H cash conversionBy Sharecast NewsSharecast News | 22 Mar, 2023Analysts at Numis upgraded their recommendation for shares of Bytes Technology from 'add' to 'buy' after the software reseller guided towards full-year operating earnings ahead of their expectations.Adjusted earnings before interest and taxes were seen growing by roughly 20% or two percentage points quicker than Numis had estimated.In particular, the analysts noted the "strong rebound" in cash conversion, which saw Bytes end the second half with approximately £73m of cash on hand an no debt (Numis: £60.7m)."At a time when investors are sensitive to changes in the demand landscape, it is reassuring to see the group continue to see healthy demand levels across both private and public companies," they said in a research note sent to clients."At 375p, the shares are trading on Feb'24 EV/NOPAT of 18.3x, supported by a 4% FCF yield, which we believe is attractive given its growth."Numis kept its target price for the shares at 500.0p.

[boozey] 23/3/2023 06:17

Thanks for that Tole. Interesting read.

Some significant Director Buys in recent times too.

[tole] 23/3/2023 05:39

Liberum: Bytes offers value and tech exposureComputer software reseller Bytes Technology (BYIT) is offering 'reasonable value' as well as providing investors with exposure to Microsoft and cybersecurity, says Liberum.Analyst Andrew Ripper reiterated his 'buy' recommendation and target price of 550p on the stock, which rose 1.9%, or 6.9p, to 382.5p on Wednesday.'Bytes is a leading UK value-added reseller which offers investors a way to gain exposure to Microsoft, cybersecurity, and other software vendors, which have good structural growth and pricing power,' he said.A year-end update from the group indicated that 'trading has been better than we and consensus expected, beating the fade in the second half', Ripper added, leading him to update hit profit and loss estimates by 3-4%.'The shares trade on current year 2023 enterprise value/ebitda of 14 times and a free cashflow yield of 5%, which we think is reasonable value for 13% three-year ebitda compound annual growth rate, with scope to return surplus capital via special dividends,' he concluded

[johnrxx99] 27/10/2022 04:17

And there's me thinking it was the statement.

[scobak] 26/10/2022 20:11

fall influenced to some extent by Microsoft and Google poor showings of last 2 sessions.

[skyracer] 26/10/2022 14:54

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 ?

[tole] 27/6/2022 19:12

https://www.fool.co.uk/2022/06/27/is-this-tech-stock-one-of-the-best-shares-to-buy-now/

[mbds01] 04/5/2022 11:28

Does anyone any background as to why the prolonged shared price drop over the last few weeks, especially following a positive statement.

[km18] 23/3/2022 12:41

Bytes Technology Group issued a trading update a few days ago. Bytes enjoyed another upbeat year with results ahead of expectations. The Group recorded double-digit growth throughout the year in its three key financial performance metrics, with accelerated growth in the second half of the year. Gross Invoiced Income increased more than 26% to around £1.2 billion, Gross Profit growth was approximately 20% and Adjusted Operating Profit growth was around 23%. The business has a history of solid growth and that growth is profitable, profitability ratios are impressive for the sector. Valuation looks unhelpful with forward PE ratio over 30 a little expensive even for Software & IT Services sector. But the PS ratio at 2.75 is a little more favourable, while the balance sheet is healthy and the share price had momentum before the Q1 market sell-off. BUY...

...from WealthOracleAM

[scobak] 25/1/2022 19:45

Seems a simple company to understand. Now looking to get in on this price pullback.
My only concern is the high P/E of around 50. Is that likely to be wrong as we head towards next year or is there some valuation issue?