Bytes Technology Share Discussion Threads

[mpage] 16/5/2024 17:24

Good. That's a line drawn under that. Now they need to find a MD for the Phoenix division.

[premium beeks] 16/5/2024 16:45

All clear given after CEO shenanigans, and a clawback of bonuses to boot.Surprised at the muted reaction however with results due to show the continuous upwards trajectory then I can't see these in the low 500s for long. All positive stuff.

[premium beeks] 15/5/2024 09:32

All in order here!

[premium beeks] 14/5/2024 14:35

More institutional buying here.

Target still £5.50 for me.

[premium beeks] 10/5/2024 07:56

Nice update. Board strengthening and keeping the market abreast of what's going on.Onwards and upwards.

[premium beeks] 08/5/2024 08:12

Pushing 5 quid again.

[premium beeks] 29/4/2024 07:35

The chartist in me sees a lovely rh shoulder forming on the 3 year, which would see us back to 550 again.

[gp1948] 22/4/2024 09:33

HSBC raises Bytes Technology to 'buy' - price target 625 pence

[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.