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BYIT Bytes Technology Group Plc

492.20
8.80 (1.82%)
Last Updated: 11:00:47
Delayed by 15 minutes
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
  8.80 1.82% 492.20 211,981 11:00:47
Bid Price Offer Price High Price Low Price Open Price
491.60 492.40 493.00 482.00 482.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Prepackaged Software 184.42M 40.42M 0.1688 28.92 1.17B
Last Trade Time Trade Type Trade Size Trade Price Currency
10:55:16 AT 111 492.20 GBX

Bytes Technology (BYIT) Latest News

Bytes Technology (BYIT) Discussions and Chat

Bytes Technology Forums and Chat

Date Time Title Posts
22/4/202409:33Bytes Technology plc63

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Bytes Technology (BYIT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
09:55:16492.20111546.34AT
09:55:16492.20189930.26AT
09:55:16492.20109536.50AT
09:53:29491.6044216.30AT
09:53:29491.4070343.98AT

Bytes Technology (BYIT) Top Chat Posts

Top Posts
Posted at 23/4/2024 09:20 by Bytes Technology Daily Update
Bytes Technology Group Plc is listed in the Prepackaged Software sector of the London Stock Exchange with ticker BYIT. The last closing price for Bytes Technology was 483.40p.
Bytes Technology currently has 239,482,333 shares in issue. The market capitalisation of Bytes Technology is £1,169,152,750.
Bytes Technology has a price to earnings ratio (PE ratio) of 28.92.
This morning BYIT shares opened at 482p
Posted at 22/4/2024 09:33 by gp1948
HSBC raises Bytes Technology to 'buy' - price target 625 pence
Posted at 18/4/2024 15:11 by premium beeks
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.
Posted at 10/4/2024 13:11 by premium beeks
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!)
Posted at 18/3/2024 09:53 by skyracer
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.
Posted at 23/2/2024 11:25 by mpage
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.
Posted at 25/10/2023 08:34 by faz
Good figures, bear market otherwise the share price would be much higher imo
Posted at 30/6/2023 21:38 by adthorn
https://www.linkedin.com/posts/sammudd_teamphoenix-microsoft-mspartner-activity-7079537172470448128-PkY1?utm_source=share&utm_medium=member_ios
Posted at 30/6/2023 21:37 by adthorn
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
Posted at 23/3/2023 06:25 by tole
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.
Posted at 23/3/2023 05:39 by tole
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
Bytes Technology share price data is direct from the London Stock Exchange

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