Indeed 4 big buys totalling 2.85 million reported after the close. |
Chunky BIG Buys |
The shares have consolidated at around 22.5p over the last week or so from the recent highs of 25p.The H1 update due at the end of January will no doubt be very upbeat and could even exceed management forecasts.
Hopefully 30p will be breached by the time they announce H1 trading update. |
AGM statement:
I am pleased to report to shareholders that the business has maintained this strong performance into Q2, achieving Sales Bookings2 in the year to date of £37.5 million which is already ahead of the £36.0 million bookings achieved for the whole of the prior year.
"The board now anticipates that, as a result of these encouraging sales bookings and ongoing delivery momentum, Group revenue for FY25 will be ahead of market expectations
"We look forward to updating shareholders further on the Group's progress in a half year update on trading for the six months to 30 November 2024, which we expect to announce no later than early February 2025." |
Thanks Masurenguy |
Richard Penny of Oberon Investments likes Made Tech.
Coverage starts at 39.50 minutes |
Start of the next leg up.
Bid moved up to 22.5p on only a few buys.
Trading has been ahead of expectations in H1 , agm statement. |
Chart screeming 40p |
Shareprice has trebled over the past 8 months since its ATL at the end of March ! 😊 |
Looks like we are on the move |
Very likely to be included in a few New Year Tips imo.
EV < Mkt cap, PSR < 1 |
Two contract wins published yesterday:
1) Prison Case Management Functionality (Finance System)
Ministry of Justice
Delivery of digital services to replace legacy technical solutions and systems
Procurement stage Awarded contract
Contract location Any region
Awarded value £8,400,000
Awarded supplier Made Tech Group PLC
Publication date 19 November 2024
2) Justice Digital Innovation
Ministry of Justice
Delivery of the MOJ Justice Digital Strategy
Procurement stage Awarded contract
Contract location Any region
Awarded value £1,700,000
Awarded supplier Made Tech Group PLC
Publication date 19 November 2024, last edited 19 November 2024 |
A haven at the moment. Still cheap. But as always value will out. |
We believe that Made Tech will benefit considerably as the UK public sector transitions to digital to improve service and reduce costs and that its valuation is attractive on a FY25 EV/EBITDA of 6.7x compared with the 12.2x of our Software Services peer group. The company still trades at a significant discount of nearly 50% to the UK Software Service peer group. Management believe that one factor for this better performance was that over the last 12 months the business had previously strengthened its sales and bidding teams in anticipation of a period of activity stronger post a general election activity. |
Worth remembering that the #MTEC -:-CEO and COO both together own 43.04% ordinary shares in the CompanySerious skin in the game Not sold a single share since listing instead bought more shares and maxed out to maximum they are allowed to buy by the AIM listing rules -:- Company is debt free and profitable with Growing cash pile well over 8 million -:- |
Broke through a major resistance level on the back of solid update Chart is now screaming 40p/50p |
4*
Made Tech Group issued an encouraging AGM update this morning. The business has maintained its strong Q1 performance into Q2, achieving Sales Bookings in the year to date of £37.5 million which is already ahead of the £36.0 million bookings achieved for the whole of the prior year. This follows a robust revenue and Adjusted EBITDA performance in Q1 FY25. Management now anticipate that as a result of these encouraging sales bookings and ongoing delivery momentum, Group revenue for FY25 will be ahead of market expectations...from WealthOracle
wealthoracle.co.uk/detailed-result-full/MTEC/999 |
 Strong sales performance for Made Tech in first half - trading ahead of expectations
By Ben Butler
20 Nov 2024, 08:00
Made Tech, a provider of digital, data and technology services to the UK public sector, has reported a strong sales performance in its first half with trading ahead of expectations.
In an FY24 results announcement in September, the group said the new financial year had started well, with it achieving a robust revenue and adjusted EBITDA1 performance in the first quarter of 2025.
The group's chair, Joanne Lake, will now give an update on trading to shareholders at a meeting today (20 November).
Lake will say that the business has maintained its strong performance into the second quarter, achieving sales bookings in the year to date of £37.5m which is already ahead of the £36m bookings achieved for the whole of the prior year.
She will add: "The board now anticipates that, as a result of these encouraging sales bookings and ongoing delivery momentum, group revenue for FY25 will be ahead of market expectations set at the start of the financial year. Adjusted EBITDA is expected to increase as margins are maintained, and the group continues to be on track to generate positive free cash flow in FY25.
"The commitment to digital transformation that the UK Government signalled in the recent Budget is expected to unlock a number of further public sector digital transformation programmes in early 2025, and in particular following the UK Government Spending Review in Spring 2025.
"The structural growth drivers of our market undoubtedly remain strong. The action we have taken to strengthen our business is beginning to deliver results and we are well-positioned to capitalise on the significant opportunities which lie ahead. As such, the board continues to view the mid to long-term prospects for the group with confidence."
The company will update shareholders further on the group's progress in a half year update on trading for the six months to 30 November 2024. It expects to announce this no later than early February 2025.
Made Tech has offices in London, Manchester, Bristol and Swansea. |
Don't forget CEO Rory Macdonald has joined techUK's new Growth Council which is,"supporting digital transformation and fostering collaboration between businesses, policymakers, and communities, tech will be a key pillar of the UK's future economic success."The UK budget had several hints about how efficiencies were going to be brought to bear on UK government departments.This is yet another signal as to that intention and Made Tech are directly involved.IMHO MTECH Blue Sky Opportunity |
Company is now ridiculously undervaluedbut for how long Just read and read again "The commitment to digital transformation that the UK Government signalled in the recent Budget is expected to unlock a number of further public sector digital transformation programmes in early 2025, and in particular following the UK Government Spending Review in Spring 2025. "The structural growth drivers of our market undoubtedly remain strong. The action we have taken to strengthen our business is beginning to deliver results and we are well-positioned to capitalise on the significant opportunities which lie ahead. As such, the board continues to view the mid to long-term prospects for the Group with confidence. |
Pleased with the update. Director timed a £30k buy in May very well @14.29p. Cash around 25% of mkt cap and peg of 0.5.
SP gone past 52wk high, should bring in more buyers imo. |
Trading strongly to date and better than expectations.
A substantial rerate is on the way. |
AGM STATEMENT
Strong sales performance in HY25 with trading ahead of expectations
Made Tech Group plc will be holding its Annual General Meeting at 12.30pm today. The Group's Chair, Joanne Lake, will give the following update to shareholders at the meeting.
"In the FY24 Results announcement, issued on 30 September 2024, we stated that the new financial year had started well, with the Group delivering a robust revenue and Adjusted EBITDA1 performance in Q1 FY25. I am pleased to report to shareholders that the business has maintained this strong performance into Q2, achieving Sales Bookings in the year to date of £37.5 million which is already ahead of the £36.0 million bookings achieved for the whole of the prior year. The board now anticipates that, as a result of these encouraging sales bookings and ongoing delivery momentum, Group revenue for FY25 will be ahead of market expectations set at the start of the financial year. Adjusted EBITDA is expected to increase as margins are maintained, and the Group continues to be on track to generate positive free cash flow in FY25.
The commitment to digital transformation that the UK Government signalled in the recent Budget is expected to unlock a number of further public sector digital transformation programmes in early 2025, and in particular following the UK Government Spending Review in Spring 2025. The structural growth drivers of our market undoubtedly remain strong. The action we have taken to strengthen our business is beginning to deliver results and we are well-positioned to capitalise on the significant opportunities which lie ahead. As such, the board continues to view the mid to long-term prospects for the Group with confidence. We look forward to updating shareholders further on the Group's progress in a half year update on trading for the six months to 30 November 2024, which we expect to announce no later than early February 2025." |
This Government is going big big on technology deployment in all government departments and with they way things are developing I just can't see share price hanging around at these ridiculous levels for much longer, remember pre budget Q1 report kick started the next phase of growth with cash and profits growing no debt |
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