Made Tech Share Discussion Threads

[colinroberts] 14/7/2023 11:00

Last year the TU was 19/8 ahead of the Sept finals, so I assume we can expect similar dates this year. I guess it may take till then to start to flush things out a bit, and maybe get some more info on the 'rephased' work. Shame the brief flurry after the director Deal has faded (for the time being). Meantime for those who have faith in the company they look like they are at bargain levels.

[bmcollins] 13/7/2023 13:19

Blackhorse
The management do not seem to think they are technically bust look how much skin they have in the game.
Additionally the government does not agree with you either, else why keep giving them contracts ?

[blackhorse23] 13/7/2023 12:45

This is a zombie company , technically bankrupt

[wh1spa] 11/7/2023 21:56

Buy TIA 1st and then get in here.

[chrisdgb] 11/7/2023 15:26

On my radar, any fresh thoughts, all about delivery in 2024...?

[colinroberts] 06/7/2023 18:04

bmcollins - thanks for those interesting bits. In fact, I gave in to temptation yesterday and added a few more (at 18p), my holding is now at an average of 17.6. It's still my smallest holding, but the fact that they supply only to the public sector is something I see as a positive, given the supposed 'doom and gloom' economic picture at the moment.

[bmcollins] 05/7/2023 09:35

Colin
If you look in the acccounts the directors & staff have always had a lot of skin in this company, which is why I went in at turn of year, also on the main holding companies there is a funny sounding trustee company, name eludes me right now, but that exists to hold employee shares.
I personally doubt, as some have suggested, that the concert party "knew something", especially as the take over panel are involved, but more because they view it as a cheap entry point, which for what it is worth, (very little), so do I and had a limit order on from last week to buy a few more, sadly they seem to have scooped up the loose stock...

[colinroberts] 05/7/2023 08:31

I took a small holding a few weeks ago - peanuts really. But I do think that a £150k director buy may be what this share needed to get it out of its sinkhole.

[qs99] 05/7/2023 08:27

So they have a smidgeon more that they can buy, but IMO that is a massive stake to have as a concert party and makes free float even less, so any good news, well could produce a nice spike, so have bought a few this am....DYOR. lets see

[bmcollins] 05/7/2023 08:24

The takeaway I took when reading the rns is "that buyer is finished now then" but it is good to see a board, already with a lot of skin in the game to add more.
I have since December been watching & holding this stock, just a pity about their last trading update.

[masurenguy] 05/7/2023 07:21

On 4 July 2023, Rory MacDonald, CEO of the Company, purchased 897,507 ordinary shares in the Company at an average price of 17.14 p. Following this purchase, Rory MacDonald's total beneficial interest in the Company is 42,594,172 Ordinary Shares representing approximately 28.53% of the Company's issued share capital.

Further to the Company's announcement on 23 February 2023, Rory MacDonald and his concert party (together, the "Concert Party") are permitted to acquire ordinary shares in the Company such that the Concert Party's fully diluted shareholding does not exceed 43.04% of the Company's issued share capital (as agreed with the Takeover Panel). Following the above purchase, the Concert Party's fully diluted shareholding in the Company is 63,935,033 ordinary shares, equivalent to 42.83%.

[colinroberts] 04/7/2023 08:42

Plenty of buying going on this morning... Sign of a pick up? We'll see.

[colinroberts] 16/6/2023 16:33

I’m torn on this one - only found it in the last few days. If the issue really is a ‘phasing’; one then it looks a good cheap buy… But if there’s more to it - as others have suggested, then it could go bad. Some director buys at this point would be reassuring…..shame some of the recent chunky trades haven’t been followed by an RNS.

[dave4545] 16/6/2023 13:07

Been some big trades today as well 500k buy at 16.5p.

Seems to be a overhang otherwise they would be moving by now, did ok on this last time sub 23p to 30p+ so having another trade

[bmcollins] 15/6/2023 18:28

Good spot !

[colinroberts] 15/6/2023 16:23

A massive trade at 12.58 - wonder what that was about?

[bones] 02/6/2023 08:57

"Made Tech floated at 140p in October 2021”

The float was at 122p was it not? Still, what’s a little inaccuracy when you’re managing other people’s money?

[masurenguy] 02/6/2023 07:52

TM Crux’s Penny adds Made Tech to portfolio

TM Crux manager Richard Penny has added public sector technology group Made Tech (MTEC) to his UK portfolio as he believes it has "significant potential". The Citywire AA-rated manager added the small-cap stock to his £158m TM Crux UK Special Situations fund after the share price shed more than 80% of its value last year. "Made Tech floated at 140p in October 2021 and fell c.85% to c.22p in December 2022 despite just one earnings downgrade during the period. We took the opportunity to purchase the shares following a positive update and new contract wins announced, having met with management several weeks earlier and being impressed with the significant potential that remains in the business." Penny said.

[wh1spa] 04/5/2023 16:53

Someone wanted out!

[wh1spa] 04/5/2023 16:45

Singer initiated coverage with a 12 month target of 158p or a market cap of around £200m........ This was only 18 months ago!

[bones] 04/5/2023 16:40

When the board start referring to "stakeholders" rather than "shareholders", you know that you are in trouble!

[eagle eye] 04/5/2023 15:58

After a share performance like this, can you believe the CEO says

'I am as committed as ever to building a successful company which delivers significant long-term value to all stakeholders and remain confident in the prospects of the business.'

You need to multi-bag just to get back to the IPO price.