Made Tech Share Discussion Threads

[parob] 11/1/2024 11:58

A few more buys followed mine and now 12.8999 to buy. Hopefully go through recent high soon.

[parob] 11/1/2024 11:28

Got some :)

[parob] 11/1/2024 11:21

Tempted to add a few more here. Hopefully a new higher low will be going in around here as a new uptrend starts forming.

[cyberbub] 11/1/2024 10:30

GBP 1.50 in trading halfway through the morning, sigh

[dr biotech] 10/1/2024 07:36

I’d suggest she was brought in to help with the IPO, that was completed and now they need a CFO with different skills and she probably wants to move on too. They found the replacement before she left. Not a sudden resignation.

[cu5hty] 09/1/2024 23:45

I wasn't expecting the company to say anything, personally I'm quite happy with the RNS.

[cyberbub] 09/1/2024 23:18

Not sure what people are expecting the company to say to a random email query? "Yes she left because she wanted to avoid the disaster about to befall the company"? "Yes she left because she got a better pay package elsewhere"? "Yes she left because she fell out with the Board"? You won't get anything other than what's in the RNS!

If there were any disasters looming I doubt they would have got a high quality external CFO replacement. The very fact that it was announced in the same RNS means this change has been planned and managed for 3 months at least. I would be more concerned if a CFO left abruptly with no replacement apart from a hasty internal interim.

[cu5hty] 09/1/2024 17:46

Well done.I'd follow it up with a phone call too.

[bmcollins] 09/1/2024 17:40

@Dr Biotech
That is genuinely helpful, thanks, I'm not on linkdein as I prefer to be linkedout...
Typo is great but if she moves so much we are probably well shot of her, but then I guess I feel that way as I'm old school.
Thanks again for your insight.

[dr biotech] 09/1/2024 17:13

If you check her profile on LinkedIn it shows she moves jobs every 2-3 years so I wouldn't lose sleep on it.

Her bit on Made Tech has a great typo

---

Chief Financial OfficerChief Financial Officer
Made Tech · Full-timeMade Tech · Full-time
Sep 2021 - Present · 2 yrs 5 mosSep 2021 - Present · 2 yrs 5 mos
London Area, United KingdomLondon Area, United Kingdom
Joined Made Tech to support the company and help lost on London Stock Exchange’s AIM and become a publicly traded business.

The company provides services that enable central government, healthcare and local government to organisations to digitally transform, allowing them to modernise their legacy technology, accelerate their digital service delivery and drive better decisions by using data.

[bmcollins] 09/1/2024 16:25

@cu5hty
Thanks for your advice but I did send an email to them this morning, however as a previous query needed two chase ups to elicit an answer I am not terribly confident of getting a reply any time soon.

[cu5hty] 09/1/2024 16:17

You could always contact the company if you're that concerned. Most so called investors seem to prefer asking questions on forums as opposed to at least trying for first hand information. Doesn't make any sense.

[lawson27] 09/1/2024 13:49

Not unexpected imo, she took her small options in Oct, while Directors bought in Nov, to within 0.01% of the 40.4% permitted before takeover, can't see them doing that if there are skeletons, bwtfdik, GLA

[bmcollins] 09/1/2024 12:53

Am I correct in thinking that this change of CFO was unexpected ?
If so I'd like to know why the current lady is leaving so swiftly, I am always nervous when a CFO goes quickly & unexpectedly...

[parob] 09/1/2024 11:39

A few of the 10/11p traders selling for 10/20% imo but a nice opp for anyone interested in buying the dip.

[lawson27] 09/1/2024 11:38

It won't be long before the new CFO puts his hands in his pocket to grab a few at this level imo, i just hope its sizeable, showing confidence in the company and giving the share price a boost, GLA

[cu5hty] 09/1/2024 10:15

Still a seller out there by the looks of it.

[chrisdgb] 09/1/2024 07:51

Looks quite a high profile hire.....

[parob] 09/1/2024 07:33

"which will be invaluable to the Group, as we focus on the next phase of our growth and build on the progress achieved over the last few years."

[someuwin] 09/1/2024 07:13

9 January 2024

MADE TECH GROUP PLC

("Made Tech", the "Company" or the "Group")

Appointment of Chief Financial Officer

and

Board Changes

Made Tech Group plc, a leading provider of digital, data and technology services to the UK public sector, is pleased to announce that Neil Elton ACA will join the Group as Chief Financial Officer on 15 January 2024 and will join the Board of Directors on 1 February 2024.

Neil is an experienced finance professional with more than 18 years' experience as CFO of high-growth, publicly quoted companies. His most recent public company role was CFO at Learning Technologies Group Plc. He held this position for seven years, helping take the global educational technology business from a market cap of USD80m to USD2bn through a combination of organic and acquisitive growth. Prior to this role, Neil was CFO at the Science Group Plc (formerly Sagentia Group Plc) and Concateno Plc.

Debbie Lovegrove will step down as CFO on 15 January 2024 and from the Board of Directors on 31 January 2024. To ensure an orderly handover, Debbie will remain as a full-time adviser to Made Tech until the end of February 2024. The Board thanks Debbie for her contribution to the Group since IPO and wishes her every success in her next endeavours.

Rory Macdonald, Chief Executive Officer of Made Tech, said:

"I am delighted to welcome Neil to Made Tech. He has a wealth of experience in high-growth, technology companies, which will be invaluable to the Group, as we focus on the next phase of our growth and build on the progress achieved over the last few years."

Neil Elton, added:

"I look forward to joining Made Tech and to working with Rory and the team to successfully execute the business strategy and create long-term shareholder value."

[parob] 09/1/2024 07:12

New CFO appointed. Neil is an experienced finance professional with more than 18 years' experience as CFO of high-growth, publicly quoted companies. His most recent public company role was CFO at Learning Technologies Group Plc. He held this position for seven years, helping take the global educational technology business from a market cap of USD80m to USD2bn through a combination of organic and acquisitive growth.

[parob] 08/1/2024 17:33

Over 3 million delayed trades now showing from Friday.

[parob] 08/1/2024 09:29

Some selling to be expected after Friday's big rise.Having broken out of the recent 10 week 9.5-12p trading range, we should hopefully start forming a new uptrend with higher lows going in and each dip getting bought up. Hopefully the chart will resemble the BOOM chart in 3 months time, that's if it's not the subject of an MBO or takeover in the meantime! There were plenty of UK tech takeovers in H2 of 2023, and I see that trend continuing this year. GLA!

[masurenguy] 07/1/2024 13:59

Sorry Parob - my mistake. I got it mixed up with another one of my investments - Sigmaroc - which was tipped in the MOS today. I've consequently deleted the erroneous update in #460 above.

[parob] 07/1/2024 11:06

There's this from 21/12/23hTTps://blackswanshares.substack.com/p/3-microcaps-for-20243 microcaps for 2024MADE TECH GROUP (MTEC) MC £16 milThis is a mini KNOS, software co which specializes in digitisation projects for central and local UK government. The share price has been an absolute disaster since ipo. Again, this is another human capital intensive business which hired too many expensive employees at the top of the market and coupled with normalizing demand after covid, meant a tough, loss making period in which the ceo decided to shift focus on profitable growth by cutting costs, etc. The main positive with MTEC is the net cash position. It has c £8 mil net cash and this should be more than enough to support the transition to profitability without dilution. The main weakness is that these gov contracts are on a "call off basis" ie there are no defined time schedules so the timing of contract delivery it's entirely at the client's discretion. A few delays in timing caused poor staff utilisation rates which in turn impacted profitability but MTEC never lost a client and has a contracted backlog of c £67mil so it's a matter of when, not if. Once these contracts start, the operational gearing will have the opposite effect: super profits.