@BigBiteNow
New 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. |
Been some big buys going through recently including a 350K buy just now. |
Chunky buys this morning. Mkt cap £23m with £7.88m cash. |
Recovering well. |
Bidstats reporting some awards: |
I still think this will be taken over by management. Perhaps the CFO knows it's coming. |
It was the CFO. That's very good news! Made Tech Group plc, a leading provider of digital, data and technology services to the UK public sector, announces that Neil Elton, Chief Financial Officer of the Company, purchased 209,937 ordinary shares in the Company ("Ordinary Shares") at a price of 14.29 pence per Ordinary Share. Following this purchase, Neil Elton's total beneficial interest in the Company is 209,937 Ordinary Shares representing approximately 0.14% of the Company's issued share capital. |
well there is another 200k buy
someone mopping up |
@stockhunters
Massive trades ?
2 purchases of £14,500 each is hardly massive is it ?
Encouraging, granted, but massive?
Get a grip... |
massive buys going through |
@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 |
Made Tech mention in This Is Money on Friday:Made Tech, the supplier of data and technology services to the public sector, travelled to the top of the movers list with a 43 per cent share price gain. The group was awarded a new £19.5million contract with the Department for Levelling Up, Housing & Communities, thus continuing a strong five-year partnership with the government body.hTTps://www.thisismoney.co.uk/money/investing/article-13354097/SMALL-CAP-MOVERS-Filtronic-shares-skyrocket-following-SpaceX-deal.html |
That could be it for the retrace.Let's hope that's the higher low going in and the start of a new uptrend. |
Orgasm finished yesterday lol |
buys outstripping sells now should turn blue fairly soon |
More sellers shaken out by the volume of buys this morning. I still believe there's a fairly high probability that we see a management but out at some point. Hopefully at a significant premium. |
good day up 56 percent and second top on the leaderboard risers....Happy Monday |
Gov is cutting budgets, they need private clients otherwise revenues will continue drop |
volume crossed 8 million and very strong day today expect a flurry at close and very strong day tomorrow |
Strange how Gordon bennett Rick123David6576Are the only ones posting on lse No posts for 30mins now |
Made Tech has a number of high-profile clients, including the Home Office, DVLA, HMRC, Department for Education, Department for International Trade and the Ministry of Justice.....expect some upgrades and new contracts relatively soon the party has just started...the bigger bounce up will be tomorrow |
Buying has stopped the curse of Aim tahir has bought in so party is over |
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