Made Tech Share Discussion Threads

[parob] 20/11/2023 08:38

Decided to average down following Director buy RNS on Friday as below. MCap just £16M. I personally think very good risk/reward at this level. 17 November 2023MADE TECH GROUP PLC("Made Tech" or the "Group")Director Share PurchaseMade Tech Group plc, a leading provider of digital, data and technology services to the UK public sector, announces that Chris Blackburn, Chief Operating Officer of the Company, purchased 310,000 ordinary shares in the Company ("Ordinary Shares") at a price of 10.40 pence per Ordinary Share.

[weaverbeever] 15/11/2023 13:25

Lot of sells and price drop today. Wounder why

[bobaxe1] 06/11/2023 14:31

Good contact win if true Was on my bottom drawer, so have taken a nibble 1k

[sphere25] 06/11/2023 11:10

Another contract that they are yet to rns?

Bizarrely a similar thing happened here last November. It looked like a contract leak, some posts followed in the forums, a massive influx of buys followed and then a news release came after with a £10m contract with the Home Office.

The price then spiked up so it provided a trading opportunity for those who bought before the release. This company has so much to prove, it is just too risky, but just keeping an eye open to see if any big buying does follow as this news spreads. It might provide a quick in and out.

Even if there is a little spike, I don't believe it will hold. The market will likely sell into it - that is just what it does right now. Is £6m enough to move the dial here? What is baked in?

Probably not, but it is still a positive for the company.

Let's see if anything big follows.

Usually a damp squib in this market.

All imo
DYOR

[ahhh luke warm] 06/11/2023 10:31

BMC, how do you access that contract award? Is it available subs or non subs on their website or app? Cheers ALW :-)

[hamidahamida] 06/11/2023 10:13

Ceo directly owns 28% and indirectly his holding goes up to 42% only in June he bought almost 900k shares at 17p That's huge skin in the game Going forward Ceo emphasising on doubling down on generating more profits and obviously company already has I've 8 million cash and no debt and Mcap only 16 million So definitely due a major bounce from all time lows

[sahina123] 06/11/2023 10:08

Buying started.quickly moving towards 12 to 13p

[colinroberts] 06/11/2023 09:46

yes good spot indeed - odd no announcement..

[chrisdgb] 06/11/2023 08:10

Good spot, will they need to announce that...?

[bmcollins] 03/11/2023 20:55

Tenderlake is a contract website which is showing the ministry of justice has awarded Made a £6mill contract for 18 months with an option to extend for a further 12 months.
Certainly encouraging

[bmcollins] 02/11/2023 14:11

@Cumbrian
It could be even quicker than that, I bought in last Dec/Jan at just over 18p and by 3rd week in Feb they were at 40p so by the time I sold I still achieved 34p then bought back in again at 18p rather too soon, but am averaging now.
HY figures came out Feb 23 this year so who is not to say that it can't happen again.
They have cash which is vital in these markets

[aishah] 02/11/2023 13:14

Reasonable chance of a predator pouncing too. Mkt cap £16.05m vs. EV £7.71m

[cumbrian2] 02/11/2023 12:39

Just had a last top up at 10.44. Unless something is very wrong (always a possibility) the £8million cash and record order book then the current mkt cap of £17 millionish would suggest there is a reasonable chance of a double before the end of 2024. Here's hoping anyway!!

[chrisdgb] 31/10/2023 11:05

Crazy price.........

[john09] 26/10/2023 15:43

This has dropped a remarkable amount now

[eagle eye] 13/10/2023 11:30

SCSW is great in a bull market when illiquid stocks are chased higher.
But in dire markets like this, when liquidity dries up you have nobody to sell to.
If it takes three years until the next up cycle starts, then so be it.
Best do your homework now.
I'm in no rush.

[dr biotech] 13/10/2023 11:12

Was also tipped in SCSW near its IPO price (118) - and several times in between. SCSW has lost the plot over the last few years. Of its last 15 additions to its growth portfolio, 13 are underwater - and 6 of these are down more than 50%.

[eagle eye] 13/10/2023 11:12

Weaverbeever,
You need to go back further than that.
SCSW first featured MTEC as a main write up in Jan 22 at 118.5p

[weaverbeever] 13/10/2023 10:37

How did they float at 140? Do the analysts who tell their bosses buying this new company is a great investment get sacked? Tipped in scsw at about 40p a few months back.

[jaknife] 11/10/2023 12:13

I'd be interested to see your analysis. The last time that I looked at this they were capitalising costs to the balance sheet and so the cash burn was materially ahead of the losses.

The only broker forecasts that I can see are for a small net profit of £2m in 2024 but, given the capitalised costs, that would still mean burning cash. Given that they only had £3.9m when they reported last it's not clear that they won't need to raise funds.

[bmcollins] 11/10/2023 11:55

@chris
I did similar a few weeks ago, am down 20% but this is the sort of stock which could surprise on the upside.

[chrisdgb] 11/10/2023 10:52

Building small position here to see how we go, lots of bad stuff looks baked in.....?!

[someuwin] 30/9/2023 14:20

Adjusted the long term chart to better show the woeful 90% fall here.

Exactly two year ago to the day...

First Day of Dealings

Made Tech Group plc, a leading provider of digital, data and technology services to the UK public sector, is pleased to announce the admission of its Ordinary Shares to trading on the AIM market of the London Stock Exchange ("Admission"). Dealings in the Ordinary Shares will commence at 8.00 a.m. today, Thursday 30 September 2021, under the ticker MTEC and ISIN GB00BLGYDT21

...

Admission Highlights

-- Made Tech raised gross proceeds of GBP85.4 million at a placing price of 122 pence per share.

-- The oversubscribed fundraising raised gross proceeds of GBP15.0 million for the Group, and GBP70.4m for certain selling shareholders.

-- Upon Admission, Made Tech will have a market capitalisation of approximately GBP180.7 million at the Placing Price....

[hedgehog 100] 30/9/2023 14:00

PTY (Parity) looks a good fit for MTEC:-

"Legacy technology is one of the biggest threats to the public sector. Whether you’ve started your transformation journey, or aren’t sure where to begin, ..."
"Made Tech provides Digital, Data and Technology services to the UK public sector"


"For over 45 years we have been connecting our clients with the best data, technology and transformation talent. We place over 1,200 skilled professionals each year as well as provide fully-formed teams to deliver projects and managed services."



PTY has just reported H1 revenue of £17.634M., and a pre-tax loss of £649K.

So at its current market cap. of just £2.83M. at 2.75p, PTY looks a rare opportunity for MTEC to acquire a sizeable competitor at a real knock-down price.

[masurenguy] 20/9/2023 13:35

EV of circa £13m after stripping out net cash. That equates to just 30% of sales and 20% of the outstanding order book. Sales shortfall is due to delays in some contracts within the public sector. They are also around break-even at the bottom line. Very undervalued at the current price.