Recent updates already painted a picture of rosy future and Budget has totally cleared things up for me Looking forward to next update |
Absolutely. Added while she was speaking. Masses waking up now |
Rally starting these guys should be in the sweet spot.... |
Tha CEO looks like he could use a decent razor, but I guess as he is selling to "the blob" in Whitehall he might need to look like them to get first offers ?! |
All sounds pretty good, just 'timing', as the only real issue..... |
Thanks for the link, topped up this morning..... |
Made Tech CEO, Rory MacDonald and CFO, Neil Elton present the group’s results for the year ended 31 May 2024, followed by Q&A.
Watch the video here:
Or listen to the podcast here: |
I thought they were good. Company has properly turned a corner, and without the impairment (non cash... who cares), it would have a decent profit. |
Not a good result |
CEO has highlighted Autumn budget is a possible concern It's all risky till then |
Excellent news. Mkt cap only £23.7m on Friday close. Govt departments very much interested in #MTEC as a supplier. More to come imo. |
 Seeems an issue with the RNS feed this morning
Made Tech, a leading provider of digital, data, and technology services to the UK public sector, is pleased to announce that it has been awarded a contract with the Department for Education ("DfE"), worth c. £13.2m over a four-year period, with an option for the DfE to extend for a fifth year, valued at c. £3.3m. The initial contribution from this contract is expected to be recognised in the current financial year.
The Group will provide digital, data, and managed service capabilities to support the Standards and Testing Agency (STA), an arm's-length body within the DfE, in launching national curriculum assessments for pupils in primary school. The initial focus of this contract is the delivery of the Reception Baseline Assessment, a new government initiative to monitor pupil progress, scheduled for rollout in April 2025.
Rory MacDonald, CEO of Made Tech, said:
"We are pleased that the Department for Education has chosen to partner with us once again, and expand our relationship across multiple service lines, demonstrating their confidence in our ability to deliver critical digital solutions and reinforcing our reputation in the market. The award of this contract helps underpin our revenue expectations for FY25." |
That's why next update is very important so the market can gauge what kind of response MTECH is receiving from the new government |
I think you'll find this Labour government will accelerate digital contracts as ultimately it is cheaper to run a more efficient digital Govt than keep paying legacy IT costs and people!
I am uber bullish |
Ever since the new government came in they are crying about no money in the coffers, black hole etc bcz of this outcry IMHO Company may experience possible delays in signing new contracts Best thing for now is to wait on the sidelines till the next update |
Not moving |
Looking a bit perkier..... |
Imo Healthy Pullback needed for the next leg |
Not surprising, the outlook is so positive........ |
Today trade: all Buys!?! |
Well that is good news thanks for the update |
Another contract win: |
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