Made Tech Share Discussion Threads

[tsw001] 03/2/2023 13:38

I like this sector. I now have holdings here and in TIA. The latter is more streamlined and profitable with a mix of blue chip and government contracts whilst MTEC has narrowed its focus.

[oapknob1] 02/2/2023 13:52

35.47 to buy in auction despite shown price 34.5

[oapknob1] 02/2/2023 13:48

Stops getting hit. Easy pickings. Constant small blocks being sold driving it down.

[qs99] 02/2/2023 12:25

not a bad summary and I tend to agree, thanks. As you say, few sellers and tightly held, so a decent squeeze coming on. Amazing that this was £1 this time last year roughly!

DYOR and happy to be on board

[grezzza1] 02/2/2023 10:56

Number of factors 30p was resistance now support and 34.4 also so they know act as support and little in the way now big drop from 100 down to 20.
Not many shares in issue and 40% owned by CEO so will fly on volume which is happening.
The news yesterday will of put it on big players radar. Could see this rise into the results meet and hopefully some more news will be announced.

[qs99] 02/2/2023 10:40

I know broker TP is great, but anyone got a short term view on where this is being squeezed to on a value basis? Could it get to around 50p at this rate? DYOR

[oapknob1] 01/2/2023 20:03

https://ukinvestormagazine.co.uk/made-tech-group-big-government-contract-wins-boost-record-order-book/

[katsy] 01/2/2023 15:47

Amazon were funded by the CIA.

[oapknob1] 01/2/2023 14:29

How's that working out :-)

[blackhorse23] 01/2/2023 14:23

Bought some harl today, something BREWING

[aishah] 01/2/2023 12:34

TechMarketView

Wednesday 01 February 2023
Made Tech continues on impressive growth path

Provider of digital, data, and technology services to the UK public sector, Made Tech, has continued along its impressive growth path in its H1 2023 to end November 2022. Group revenue growth – all organic – was up 76% to £20.6m in the period. Meanwhile, adjusted EBITDA was £0.5m (compared to £1.2m in H122). Net cash at Period end was £9.0m (H1 2022: £11.1m)

The positivity continues in the outlook, helped by three recent contract wins, with a total contract value of £27m, with Driver & Vehicle Licensing Agency - DVLA (£14m over two years), Department for Levelling Up, Housing, & Communities – DLUHC (£8m over four years), and Cabinet Office (Government Digital Service - £5m over two years). With a record contracted backlog up 53% to £47.8m, the company is confident that it will meet market expectations for the full year: 47% revenue growth to £43m (see Made Tech to more than double in FY22 | TechMarketView).

In addition, despite the drop in EBITDA margin in the first half, the company believes it will maintain its adjusted EBITDA margin at c9% for the full year. Due to Government market “turmoil”; in the first half, Made Tech experienced delays to submissions and ongoing project work, which negatively impacted the gross margin. However, Made Tech states that it has “carefully managed this disruption through right-sizing headcount, reducing contractor numbers to c10%, and improving cost controls.” The reduction in reliance on contractors is hugely positive. It was a risk that we highlighted in our Market Readiness Index report of the Top 10 fastest growing Solutions providers to the UK market. Tackling that issue will make delivering to expectations on new contracts - which are increasing in size and scope – an easier ask in the months ahead.

[qs99] 01/2/2023 12:21

Real momentum in the business and now the numbers...great stuff DYOR

[pottsypotts] 01/2/2023 09:59

Looks like this is going in the right direction, concerns on being profitable at this stage but that didn't do Amazon any harm did it for years!

[blackhorse23] 01/2/2023 09:25

Sold & bought harl

[se81] 01/2/2023 08:50

Think this looks really promising- the strongest qtly bookings in the company's history, ever increasing backlog of work, reduction in contractors and hence the potential for improving margins in H2

Need some context re the share price decline and the downside risk from this level

[bobaxe1] 01/2/2023 08:42

70 plus percent growth no debt fantastic!//

[oapknob1] 01/2/2023 08:34

Thanks Bones. Looks like they could be on the turn to being profitable if they get cash burn sorted while gaining new contracts.

[bones] 01/2/2023 08:23

Bottom line loss is very likely (around £2M?) for the half since that’s what the cash drop amounted to. What is this “Adjusted EBITDA” nonsense? For a staff heavy business, how can a company justify adjusting the real bottom line to exclude share based payments to staff? There’s a reason the accounting rules insist on a deduction for these as they are a true cost of employment. Shareholders are diluted every time employees are paid share based payments.

One day this company might make a real profit but it hasn’t happened yet.

[oapknob1] 01/2/2023 08:21

2.1million reduction in cash27million worth of new contracts??

[netcurtains] 01/2/2023 08:13

Why was the update good?
cash pile has shrunk loads...

Doesn't that imply its not making a profit?

[oapknob1] 01/2/2023 08:11

Spiked the update.