The current financial year to May 2025 will be a profitable one and the company will generate substantial free flow cash.
In the first 3 months to 31/08/2024 net cash had already increased by £1m to £8.6m.
The ceo's comments:
The strong sales bookings achieved in the first four months of FY25 is encouraging and we expect this robust performance to continue throughout the financial year. This optimism is reinforced by our recent contract win with the Department for Education, which highlights our ongoing progress and our ability to build valuable and long-term client relationships. |
Buying over the last few days has finally cleared the slight overhang.
In auction atm but it's gone BLUE. |
No just telling the truth HA HA HA |
Looking forward to the underhang. |
bc4 , don't post lies on this forum
What exactly do you mean by " overhang has been for a while" ?
There was no overhang prior to last Wednesday , hence the rise to 26p.The selling of nearly 500,000 shares above 25.5p has caused a small overhang. |
There has been a overhang for a while |
A slight over hang hence the 2 x 100,000 buys @ 25.249p and 25.26p. |
On a really good trading update shares could easily rerate to around 30p to 35p. |
Early February is the most latest and it could be earlier , by now they must already know how well they have traded for the 6 months to 30th November 2024. |
Early Feb
"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." |
The rns for H1 trading update could even be announced this week.
Sales booking for FY 2025 up to 31/08/2024 increased to £27m and subsequently increased to £37.5m by 20th November 2024 ( total sales booking for FY2024 £36m ).
Cash also increased by £1m to £8.6m in the first 3 months to 31/08/2024.
Taking in to account the AGM statement the trading update will be very upbeat. |
The company has won £millions worth of contracts over the last 3 or 4 months which have NOT been rns'd.
Trading has been very robust so far in this financial year to date. |
Forget 26p will breach 30p upon H1 trading update which is due very soon , the company has already stated H1 was strong and full year will be ahead of expectations.
From the 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 expectations3 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. |
Still trying to break 26p |
Govt. launching a big AI agenda.
MTEC well placed to benefit imo.
Use data-driven insight to design and deliver better services to users and unlock the power of AI and Machine Learning. |
Recent collapse in GBP has pushed government interest costs higher, talk of more streamlining of gov departments Possibly means more work for likes of mtec |
Topped up today but showing as a ? on ADVFN Monitor. |
Most companies announce very small contracts valued at even less than a £1m.
Yes they should issue an rns , margins will no doubt be very healthy. |
Not really. It depends on the margins. |
Well, £7m contract is material compared to £36m mkt cap. They need to address this. |
Winning all these contracts means the trading update due at end of this month will be very upbeat and most likely AHEAD of expectations. |
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