Well marked down 10.5-11p from 13p yesterday
I'm guessing it's losing millions still because if they are not mentioning the profits or losses just the EBITDA it usually means it's losing money.
What happened to parob, done another runner ! |
Revenues down & no mention of LOSS & PROFITS figures |
Wow, you were bang on with your data! |
Bidstats has £12M of contract wins so far this financial year. |
the "potential" bad news for Made Tech is that if you look at the government contracts won (published) since beginning of October compared with its rivals its not that great.....
You can have lots of smoke and mirrors of stuff happening but I guess you do need to see those "contract" wins given a "publication date" on GOV UK contract finder. |
Spread is 13.85-14.20 |
New higher low being put in and starting the next leg up hopefully. |
Presumably new CFO being given some time before we get a trading update........? |
Good point - lets hope that there is some indication of that as the year progresses. 🙂 |
Now that Fujitsu have stopped bidding for contracts, more should come our way imo. |
Some solid buying today. |
£37K buy now showing from 12.24pm.Not too long now hopefully until the trading update. |
Nothing goes up in a straight line. |
Market jitters caused some holders to bail this morning, but good to see plenty have been taking advantage and buying the dip in this newly forming uptrend. |
Shame the rise stopped |
At this rate we will be closer to 20p before the trading update comes out. |
Buys coming in and bid firming, 3 MM on bid now |
"The government could save at least £20bn a year by modernising IT systems, tackling fraud and getting a grip on failing mega-projects such as the HS2 rail line, according to the head of the independent spending watchdog. Speaking to the Financial Times ahead of his annual speech to parlia- ment today, Gareth Davies, head of the National Audit Office, painted a picture of a troubled British state buffeted by Brexit, Covid-19 and the war in Ukraine, with "out of date IT systems", "crumbling" infrastructure and growing "maintenance backlogs"."
....
Davies said that failures such as Horizon and the abandoned £10bn IT system for the NHS pointed to the value of smaller, better-targeted projects.
"The phrase used in the IT industry is 'dolphins not whales': so, manageable projects compared to gigantic, overam- bitious attempts to change the world with one IT system," he added.
"There are enough positive examples that we can be confident there's more to come." |
14.74p paid, highest in 3 months.A half decent trading update and hopefully the gap on the chart gets closed for starters. |
One needs to distinguish between winning places on framework agreements, and actual contracts.
First one needs a place on the framework and then win contracts on those frameworks.
Also note both framework and awards often take days, weeks, and sometimes months to be published on Contracts finder and Bidstats.
Has Made Tech been awarded one or more large contracts this month, that have yet to become official. ? |
Made Tech Public sector contracts over the past year (from bidstats.uk):
18 notices (16 unique titles)
14 are exlcusive to the supplier (4 are shared)
£3M median contract value (£562M highest)
13 named buyers |
SCSWs record here isn't great. Tipped it at IPO (130) then again at various different levels that are mostly above where we are now. Was a tip for 2023 too. Basically says they dropped the ball last year, hopefully won't this year. The above summary from blackswan is roughly the same.
Management have it all to prove. I've only got a small position here that is well under water, and I won't be increasing it unless they can show they are competant. |
Interesting lots of contract wins. Busy!!
hxxps://bidstats.uk/tenders/?ntype=tender |
same moves as last year and then it jumped straight to 40p |
 Haven't been able to find what the SCSW tip says but there's this from 21/12/23hTTps://blackswanshares.substack.com/p/3-microcaps-for-20243 microcaps for 2024MADE TECH GROUP (MTEC) MC £16 milThis is a mini KNOS, software co which specializes in digitisation projects for central and local UK government. The share price has been an absolute disaster since ipo. Again, this is another human capital intensive business which hired too many expensive employees at the top of the market and coupled with normalizing demand after covid, meant a tough, loss making period in which the ceo decided to shift focus on profitable growth by cutting costs, etc. The main positive with MTEC is the net cash position. It has c £8 mil net cash and this should be more than enough to support the transition to profitability without dilution. The main weakness is that these gov contracts are on a "call off basis" ie there are no defined time schedules so the timing of contract delivery it's entirely at the client's discretion. A few delays in timing caused poor staff utilisation rates which in turn impacted profitability but MTEC never lost a client and has a contracted backlog of c £67mil so it's a matter of when, not if. Once these contracts start, the operational gearing will have the opposite effect: super profits. |
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