Made Tech Share Discussion Threads

[sunshine today] 24/11/2022 14:50

After an absolutely disastrous floatation by themselves. !!!

[sunshine today] 24/11/2022 14:47

Umm,

Singer Capital Markets is delighted to have acted as Nominated Adviser, Joint Broker and Joint Bookrunner to Made Tech Group plc on its the admission of its Ordinary Shares to trading on the AIM market of the London Stock Exchange.

The oversubscribed Fundraising raised gross proceeds of £85.4 million at a placing price of 122 pence per share. £15.0 million was raised for the Group, and £70.4m was raised for certain selling shareholders.

The Directors believe the Placing and IPO will enable the Group to execute its growth plans, further enhance its profile with existing and potential customers and assist with the recruitment, retention and incentivisation of existing and future employees. In particular Admission to AIM will support Made Tech’s next stage of growth, including:

[sunshine today] 24/11/2022 07:01

From Made Tech Group accounts.


Adjusted profit before tax means profit before tax before
amortisation of intangible assets, share based payment charge
and exceptional items


I wish you the best, but if you follow real accounting, ie your own business, the net REAL profits would be tiny, or break, even or a loss.

My advice find companies that don’t muddy the water.

Those profit forecasts for the next two years, are, in my view totally worthless.

Just do your own homework and count back IN all those costs the company has stripped out.


This company is clearly growing revenues extremely fast, they just need to make real pre tax profits of 10% on revenues.

[masurenguy] 24/11/2022 01:42

"I feel like tech is pretty reasonably valued barring just a few sectors that I’m probably more worried about than others. We have a large overweight in software. It’s a space that basically, is permeating almost every industry. It’s hard to know where software starts and stops. We’ve seen a very large pullback in software valuations that we think at a subsector level, creates a really interesting opportunity over time."
Mike Seidenberg, Allianz Technology Trust.

[someuwin] 21/11/2022 11:27

Made Tech Group (LON:MTEC) – Looking for 76p

Analysts Harold Evans and Kevin Ashton at Singer Capital Markets have a strong Buy out on this group’s shares, with a price objective of 76p, which is three times higher than the current market price.

They were impressed by the news from the technology and data services group of the £10m Home Office contract win.

Their estimates for the current year to end May 2023 are for sales uplifting from £29.3m to £43.0m, with the adjusted pre-tax profits gaining from £2.3m to £3.4m, raising earnings from 1.6p to 2.3p per share.

For the coming year their figures are for £50.0m sales, £4.1m profits and 2.6p earnings.

Furthermore, the brokers are reckoning that a lot more contracts could be in the offing, which backs up their 76p price aim.

At only 24.5p the shares offer significant upside.

...

[netcurtains] 19/11/2022 09:44

ps (sort of on topic as same sector, similar sized company)

Triad Group PLC will probably have interim results next week or week after

Ticker TRD.

It might be worth comparing results from TRD to MTEC....

I certainly will be.

pps - I've worked as a contractor at the MoJ (so I know the working environment reasonably well).

[baronetbill] 19/11/2022 08:21

Recommended in masterinvestor on the 18th with a price target of 76 pence.

[blackbear] 18/11/2022 10:49

Looking good contract news sinking in here.

[miti 1000] 16/11/2022 12:36

74tom ,

I can't for the life of me understand your thinking .If the mm was sat on offer he was getting short the shares so he could cover into the dump (as you said) making a nice turn.

So why would he want to stop it from rising esp. as he's not obliged to buy/sell stock in more than quoted size ?

[74tom] 15/11/2022 12:42

Ha, I thought exactly the same thing when I saw the news. Why on earth is a £10m contract being released as an RNS reach anyway? It’s surely material vs what was a £30m market cap pre the spurious volume inflow last week.

I think it also explains why the market makers were doing their utmost to prevent buying first thing, JBER we’re sat on the offer for most of the first hour, clearly they expected a dump which is exactly what has happened.

This goes on the ever expanding AIM bargepole list.

[sphere25] 15/11/2022 12:14

Ahhh...okkkkk then.

Let us have a look at the sequence of events now that there is more "information":

- No real notable trading in MTEC of late, often with piddly amounts
- Last notable spike in volume dates back to September 12th
- Then "all of a sudden", a flurry of heavy buying activity on Friday last week, as per the post above
- Some follow through buying yesterday
- And thennn....TA DAAA! A nice pieces of contract news for MTEC today

Granted it is RNS Non-Regulatory, but it is still an important piece of news for MTEC, particularly in light of the size and the disappointments here of late.

So today the price has spiked to 30p and they are now selling on the news with the price moving down intraday, currently at 27p.

You don't want to be a cynical plank, but holy bad smell Batman.

Naughty, naughty!

Hey, it is only the Home Office!

All imo
DYOR

[qs99] 15/11/2022 08:29

Have jumped on board, looks a cracking little company with operational gearing IMO soon to kick in as more and more contracts land...DYOR and look forward to the ride.

[sbb1x] 15/11/2022 07:32

Must have been known yesterday

[masurenguy] 15/11/2022 07:14

Good news - wonder if this was a factor in yesterdays surge in trading volume !

Made Tech awarded £10m new contract with the Home Office

Made Tech has been awarded a new contract with the Home Office, worth c.£10m to the Group over a 24-month period with a six-month extension option worth a further c.£2m. The Home Office is transforming its services by introducing several new digital systems. The Group will work alongside the Home Office team, providing a number of digital, data and technology services. Made Tech won its first one-year contract with the Home Office in May 2021, worth c.£4m and secured an additional c.£2m for the fulfilment of a six-month extension option. The contract award announced today represents a renewal and expansion of the initial contract.

Rory MacDonald, CEO of Made Tech, said: "The Group's growth continues to build momentum, as we expand our activity with critical government departments helping them deliver key initiatives. We are delighted that the Home Office has chosen to partner with Made Tech once again, as it demonstrates its confidence in our ability to deliver digital technology and our growing reputation within the market."

[albanyvillas] 14/11/2022 13:08

this one likes to warn in the mornings tho

[sunshine today] 14/11/2022 12:57

A bid would force a statement by the morning in my opinion.

20% chance

[albanyvillas] 14/11/2022 12:50

Floated at 122p a year ago

[sunshine today] 14/11/2022 12:46

It’s a bid or just being re rated on the hope it’s problems are sorted.

[albanyvillas] 14/11/2022 12:44

Bid confirmed?

[oliversydney] 14/11/2022 08:29

All buys today so looks like we have found the bottom and plenty of scope to move higher

[someuwin] 14/11/2022 08:22

Excellent results from KNOS this morning shows the strength in this sector.

[someuwin] 11/11/2022 11:12

Note that Made Tech is one of the few companies that has made it onto this multi-billion government framework agreement. A minow amongst some absolute indusstry giants...

UK.gov finds billions in cash for big data contracts
...

It's pork barrel time again. The UK government has named a slew of tech organizations that made it onto a £2 billion framework agreement that allows them to compete for big data and analytics public sector contracts.

The Cabinet Office-run Crown Commercial Service (CCS), which sets up procurement on behalf of government ministries and other public sector organizations, ran the process and awarded contracts to many of the usual suspects and some lesser known entities (see box).

...
The government has taken more than a year to select the winning suppliers. It first announced plans to create the framework deal — a means of offering suppliers an indicative spending figure in exchange for structured pricing and preparedness for the work — in September last year, with a contract notice launching the competition following in November.

The framework is divided into two lots. The first looks for suppliers to design, build, and run professional services; the second is for commercial off-the-shelf software.

[simon gordon] 11/11/2022 10:48

Dash for trash?

[masurenguy] 11/11/2022 10:47

Another Buy of 150,000 shares. Biggest daily trading volume since results were announced on 12 September. Something stirring under the radar !