Made Tech Share Discussion Threads

[parob] 17/1/2024 13:34

£37K buy now showing from 12.24pm.Not too long now hopefully until the trading update.

[kemche] 17/1/2024 12:56

Nothing goes up in a straight line.

[parob] 17/1/2024 12:48

Market jitters caused some holders to bail this morning, but good to see plenty have been taking advantage and buying the dip in this newly forming uptrend.

[arab3] 17/1/2024 12:38

Shame the rise stopped

[parob] 16/1/2024 17:11

At this rate we will be closer to 20p before the trading update comes out.

[marcu saurelius] 16/1/2024 16:31

Buys coming in and bid firming, 3 MM on bid now

[gusrezo] 16/1/2024 13:19

"The government could save at least £20bn a year by modernising IT systems, tackling fraud and getting a grip on failing mega-projects such as the HS2 rail line, according to the head of the independent spending watchdog. Speaking to the Financial Times ahead of his annual speech to parlia- ment today, Gareth Davies, head of the National Audit Office, painted a picture of a troubled British state buffeted by Brexit, Covid-19 and the war in Ukraine, with "out of date IT systems", "crumbling" infrastructure and growing "maintenance backlogs"."
....
Davies said that failures such as Horizon and the abandoned £10bn IT system for the NHS pointed to the value of smaller, better-targeted projects.
"The phrase used in the IT industry is 'dolphins not whales': so, manageable projects compared to gigantic, overam- bitious attempts to change the world with one IT system," he added.
"There are enough positive examples that we can be confident there's more to come."

[parob] 16/1/2024 11:49

14.74p paid, highest in 3 months.A half decent trading update and hopefully the gap on the chart gets closed for starters.

[sunshine today] 16/1/2024 11:07

One needs to distinguish between winning places on framework agreements, and actual contracts.

First one needs a place on the framework and then win contracts on those frameworks.

Also note both framework and awards often take days, weeks, and sometimes months to be published on Contracts finder and Bidstats.

Has Made Tech been awarded one or more large contracts this month, that have yet to become official. ?

[aishah] 16/1/2024 10:56

Made Tech Public sector contracts over the past year (from bidstats.uk):
18 notices (16 unique titles)
14 are exlcusive to the supplier (4 are shared)
£3M median contract value (£562M highest)
13 named buyers

[dr biotech] 16/1/2024 10:11

SCSWs record here isn't great. Tipped it at IPO (130) then again at various different levels that are mostly above where we are now. Was a tip for 2023 too. Basically says they dropped the ball last year, hopefully won't this year. The above summary from blackswan is roughly the same.

Management have it all to prove. I've only got a small position here that is well under water, and I won't be increasing it unless they can show they are competant.

[marcu saurelius] 16/1/2024 10:02

Interesting lots of contract wins. Busy!!


hxxps://bidstats.uk/tenders/?ntype=tender

[marcu saurelius] 16/1/2024 09:16

same moves as last year and then it jumped straight to 40p

[parob] 16/1/2024 08:25

Haven't been able to find what the SCSW tip says but 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.

[marcu saurelius] 15/1/2024 20:30

same as last year and then it jumped straight to 40p

[parob] 15/1/2024 16:15

Full ask of 14p for small amounts going into the close.

[parob] 15/1/2024 13:54

Good to see the volume picking up today. Technical traders seem to be looking for a close above 14p for the next move up.

[marcu saurelius] 15/1/2024 12:58

That is a good amount of money to be spending by the ceo

[parob] 15/1/2024 10:18

SP is still well under the price that the CEO bought almost 900K shares for back in July at 17.14p.And remember the directors are now up to 43%.

[marcu saurelius] 15/1/2024 10:14

The angle of the dangle on the Chart says Bowl to 40p on chart

[parob] 15/1/2024 10:00

Apparently this was one of the SCSW tips of the year, tipped on Sat.Anyone know what the recommendation said?

[parob] 15/1/2024 09:48

Very encouraging to see this building ahead of the anticipated trading update.

[chrisdgb] 15/1/2024 09:41

You wonder whether some of the scrutiny on Fujitsu will somehow filter through to more business for the likes of these guys........???

[lawson27] 15/1/2024 09:40

Nice start, lets see it back to 20s for starters, GLA

[cu5hty] 11/1/2024 13:38

Free float is relatively small, assuming the seller (an assumption there is one) is eventually cleared, I'd expect the share price to motor on any good news. Probably need to break through 14p to confirm a new uptrend and whilst gaps are not always filled, the gap at 27/28p looks inviting.