Contract won on with OFGEM:
18 December 2024
RER MVP Development - Priority Scope
award: Made TECH £220K
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
19 September 2024
Ofgem RER MVP Development
Source: Contracts Finder
Published: Thu 19 Sep 2024
Closed: Mon 01 Jan 2024
The supplier will work with Ofgem as co-sourcing partner to deliver the MVP Development scope for the Renewable Electricity Register (RER).
award: Made TECH £530K |
Biggest volume traded yesterday since November.
Perhaps someone can add up the value of contracts not RNS'd since the last update. |
Thanks ZICO, some very good research there - this is looking better by the day ! 😊 |
Another contract for £4.7m not announced:
Source: Find a Tender
Published: Fri 03 Jan 2025
The Department for Business and Trade have extended the end date and uplifted the contract value.
information technology 3,125,000; data services; the contract value; trade; the end date; the department for business and trade; extended;
Contract
award: Made TECH £4.7M |
From the ceo's comments in September 2024 suggesting the strong growth is likely to continue for the foreseeable future.
" The new government has emphasised the significant role technology will play in delivering their priorities and we expect the Group to be well-positioned to capitalise on these opportunities. We anticipate this will lead to increased trading momentum for the Group over the coming years. " |
Closed the week at 12 month highs and with a decent volume of 1.2m.
Share price will continue to rise steadily over the coming days/weeks |
Share price in early 2023 was over 40p and that's where will go again after the results , 30p will be broken next week. |
zico
They will still announce H1 trading update and as you say probably next week.
All they have done is brought the results about 3 weeks earlier , which is also positive indication that results will be good. |
With the company now announcing H1 results in early February if they are still intending to issue the H1 trading update it will most likely to be next week.
From AGM update:
"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." |
There must be a very good reason why the company has decided to bring forward the results to 5th February this year. |
Another delayed buy of 125,000 gone through |
Yes a lot of late reported buys |
150,000 buy @ 27.4p from 11.41 am when the price was 26.5p v 27.5p |
It's now gone NT to buy higher than 1500 @ 27.50p |
Going by their AGM statement the H1 results could well be ahead of expectations , hence the company is announcing them a lot sooner than previous years.
Shares are still considerably undervalued,40p to 50p after the results is possible.
AGM update:
"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. |
Was MTEC tipped in SCSW this month? |
Quite high volume in the first hour of trading. |
Chart definitely look better with that UT trade @ 26.70p ! |
Can't see it breaking 30p by tomorrow but definitely next week.
40p is on the cards after results. |
Nice and bowly. |
The company is bringing forward the results , which is a very positive indication that results are going to be good.
With so many contracts having been won so far this financial year , the outlook will also be very bullish.
This makes the shares are very strong buy. |
Breaking out for new 12 month highs
There will be a substantial improvement in H1 results over last year.
Ceo's comments:
"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 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. |
Hiring more senior software engineers , they must have plenty of work !!! |
Results for the H1 on the 5th February a lot sooner than previous years when they normally announce H1 towards the end of February.
All good |
Good find lets hope more to come |
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