Bytes Technology Share Price (BYIT)

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Share Name Share Symbol Market Type Share ISIN Share Description
Bytes Technology Group Plc LSE:BYIT London Ordinary Share GB00BMH18Q19 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
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  -4.80 -1.22% 390.20 33,195 08:55:44
Bid Price Offer Price High Price Low Price Open Price
389.40 390.80 395.00 379.60 379.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 447.94 41.57 13.72 28.4 934
Last Trade Time Trade Type Trade Size Trade Price Currency
08:55:00 AT 360 390.20 GBX
Related Shares
Aveva (AVV), Sage (SGE), Techfinancials (TECH), Cloudbuy (CBUY)

Bytes Technology (BYIT) Latest News

Bytes Technology News

Date Time Source Headline
09/1/202308:40ALNCNewsIN BRIEF: Bytes Technology chief executive buys GBP169,000 in shares
09/1/202307:00UKREGBytes Technology Group PLC Director/PDMR Shareholding
03/1/202312:00UKREGBytes Technology Group PLC Change in JSE Sponsor
14/11/202210:00UKREGBytes Technology Group PLC Notice of dividend currency exchange rate
28/10/202209:00UKREGBytes Technology Group PLC Director/PDMR Shareholding
26/10/202208:33ALNCNewsTOP NEWS: Bytes Technology benefits from "robust demand" in first-half
26/10/202206:00UKREGBytes Technology Group PLC Half-year Report
21/9/202207:36ALNCNewsIN BRIEF: Bytes Technology posts strong performance in first half
21/9/202206:00UKREGBytes Technology Group PLC Half Year Trading Update
25/8/202207:00UKREGBytes Technology Group PLC Director/PDMR Shareholding
More Bytes Technology News
Bytes Technology Investors    Bytes Technology Takeover Rumours

Bytes Technology (BYIT) Discussions and Chat

Bytes Technology Forums and Chat

Date Time Title Posts
27/10/202203:17Bytes Technology plc21

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Bytes Technology (BYIT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:55:00390.203601,404.72AT
08:55:00390.207502,926.50AT
08:49:41391.0077301.07AT
08:49:41391.0033129.03AT
08:49:41391.00190742.90AT
View all Bytes Technology trades in real-time

Bytes Technology (BYIT) Top Chat Posts

Top Posts
Posted at 30/1/2023 08:20 by Bytes Technology Daily Update
Bytes Technology Group Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker BYIT. The last closing price for Bytes Technology was 395p.
Bytes Technology Group Plc has a 4 week average price of 370.80p and a 12 week average price of 370.60p.
The 1 year high share price is 512p while the 1 year low share price is currently 355.60p.
There are currently 239,482,333 shares in issue and the average daily traded volume is 1,795,207 shares. The market capitalisation of Bytes Technology Group Plc is £934,460,063.37.
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Posted at 26/10/2022 13:54 by skyracer
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 ?
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Posted at 04/5/2022 10:28 by mbds01
Does anyone any background as to why the prolonged shared price drop over the last few weeks, especially following a positive statement.
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Posted at 23/3/2022 12:41 by km18
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

https://wealthoracle.co.uk/detailed-result-full/BYIT/398
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Posted at 25/1/2022 19:45 by scobak
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?
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Posted at 26/11/2021 09:05 by tomps2
Alexandra Jackson Interview with PIWORLD

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

Watch the video here: Https://www.piworld.co.uk/education-videos/piworld-interview-with-alexandra-jackson-selecting-winning-stocks/

Or listen to the podcast here: Https://piworld.podbean.com/e/piworld-interview-with-alexandra-jackson-selecting-winning-stocks/
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Posted at 12/8/2021 05:56 by tole
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.
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Posted at 19/3/2021 12:29 by sphere25
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
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Posted at 10/2/2021 15:57 by rampmeister
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
hTTps://www.youtube.com/watch?v=jMRe1vKLpNc&ab_channel=VoxMarkets
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