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Share Name | Share Symbol | Market | Stock Type |
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Made Tech Group Plc | MTEC | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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18.75 | 18.75 | 18.75 | 18.75 | 18.75 |
Industry Sector |
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SUPPORT SERVICES |
Top Posts |
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Posted at 15/7/2024 10:47 by hamidahamida As recently reported the company has stabilised the business and improved profitability. Over 7 plus million in cash and Zero debt. Interest Aligned Management with over 43% ownership of the company is focusing on generating more profits more cash with Elections out of the way things are now looking really good. Remembering #MTEC CEO and COO both together permitted to acquire ordinary shares in the Company up to 43.04% of the Company's issued share capital (as agreed with the Takeover Panel).-:- Both of these guys together own shares equivalent to 43.03%. Just shy of 43.4% permitted limit. Now that's what you call a proper skin in the game. |
Posted at 27/6/2024 07:30 by aishah @SCSWSharewatch#MTEC another Scsw Nap firing up FY25 has started strongly, with £11 million in new contracts awarded within the first month. This adds to the contracted backlog of £65.4 million at the close of FY24, underpinning our confidence… |
Posted at 09/5/2024 12:58 by aishah @BigBiteNowNew broker initiation on #MTEC by H2Radnor with a very comprehensive and positive company review. Initial target price 26p based on FY25 revenues of just £35.4m but £1.6m cash build that year. Also talking up bolt-on acquisitions with their strong balance sheet. Lengthy note on Research Tree - Made Tech is a leading provider of digital, data, and technology services to the UK public sector. The Group was founded in 2008 by Rory MacDonald (CEO), who remains its main shareholder with 28% of the equity, and IPO’d in 2021. The Group is entirely exposed to the UK public sector and we believe this represents a large structural growth opportunity as the shift to digital services is likely to accelerate. Moreover, we believe Made Tech will continue to benefit from the transition away from UK public sector reliance on larger IT companies, especially in the wake of the Horizon scandal. |
Posted at 30/4/2024 10:51 by aishah @SCSWSharewatch on X:#MTEC Singer note, current 14p: "Made Tech has won a material expansion (worth £19.5m/2yrs) with Dept for Levelling Up. ..The market may consider that MTEC is starting to turn the corner. If achieved, one would expect MTEC’s valuation to drastically change." Singer's target: 22p |
Posted at 22/4/2024 08:36 by bones The company habitually loses money and cash. Gaining new contracts is part of their basic business so you’d like to think this new contract will help with future cash flow but we are not advised what profit margin comes with it. I don’t see a game changer here but it should help stabilise things a bit.As always with MTEC, check the cash flow statement when the results come out. |
Posted at 22/4/2024 07:18 by aishah That's a BIGGIE for MTEC. Mkt cap is only £14m! |
Posted at 16/1/2024 08:25 by parob Haven't been able to find what the SCSW tip says but there's this from 21/12/23hTTps://blac |
Posted at 07/1/2024 11:06 by parob There's this from 21/12/23hTTps://blac |
Posted at 07/1/2024 10:37 by masurenguy Parob - this is a list of current major shareholders. It would appear that the applicable date was as at 23 December 23. This can be compared to the shareholdings on 25 August 2023 in my post #458 above.Rory MacDonald: 28.53% Chris Blackburn: 14.50% Hargreaves Lansdown Asset Management: 6.17% Stonehage Fleming: 5.46% Sarasin & Partners: 5.38% CRUX Asset Management: 5.18% Luke Morton: 4.03% Interactive Investor (Manchester): 3.26% Highclere International Investors (London):3.10% AIM Securities in Issue:149,287,059 shares The responsibility for issuing any RNS relating to any above threshold share transaction rests entirely with MTEC not the investor. The rules require the investor to notify MTEC and then for MTEC to issue an RNS detailing the transaction and subsequent shareholding. Since the IPO in September 2021 MTEC have only released two RNS announcements relating to this - the Premier Miton 7% investment in October 2021 and the Crux Asset Management 5.05% investment last year. Therefore it has been MTEC who have not been abiding by the AIM disclosure rules rather than the applicable shareholders. |
Posted at 05/1/2024 08:58 by hamidahamida MTECH One of only 11 suppliers to win a place on Lot 2b of the new Digital and Legacy Application Services framework ("DALAS"), which is expecting to spend GBP700m-800m until September 2027."An equal share of this delivers MTEC c. GBP72mover the next 3-4 years.MTEC already has 8 of the top 10 central government bodies as active clients.Organisation |
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