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MTEC Made Tech Group Plc

9.25
0.00 (0.00%)
Last Updated: 07:30:16
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Made Tech Group Plc LSE:MTEC London Ordinary Share GB00BLGYDT21 ORD GBP0.0005
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 9.25 5,746 07:30:16
Bid Price Offer Price High Price Low Price Open Price
9.00 9.50 9.25 9.25 9.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Cmp Facilities Mgmt Service 40.25M -1.6M -0.0107 -8.64 13.81M
Last Trade Time Trade Type Trade Size Trade Price Currency
08:18:47 O 2,801 9.389 GBX

Made Tech (MTEC) Latest News

Made Tech (MTEC) Discussions and Chat

Made Tech Forums and Chat

Date Time Title Posts
10/4/202409:54Made Tech Group PLC577
16/11/202212:36Matchtech : Engineering Recruitment378
06/2/201510:07Looking for opportunities...-
20/8/200913:55MTEC - Engineers Are Hot Property110

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Made Tech (MTEC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
07:18:489.392,801262.99O
07:18:139.102,945268.00O

Made Tech (MTEC) Top Chat Posts

Top Posts
Posted at 17/4/2024 09:20 by Made Tech Daily Update
Made Tech Group Plc is listed in the Cmp Facilities Mgmt Service sector of the London Stock Exchange with ticker MTEC. The last closing price for Made Tech was 9.25p.
Made Tech currently has 149,287,000 shares in issue. The market capitalisation of Made Tech is £13,809,048.
Made Tech has a price to earnings ratio (PE ratio) of -8.64.
This morning MTEC shares opened at 9.25p
Posted at 30/3/2024 09:20 by masurenguy
Richard Penny, of Crux Asset Management, shares his views on MTEC @55.35.
Posted at 16/1/2024 08:25 by parob
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.
Posted at 09/1/2024 11:38 by lawson27
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
Posted at 07/1/2024 11:06 by parob
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.
Posted at 07/1/2024 10:37 by masurenguy
Parob - this is a list of current major shareholders. It would appear that the applicable date was as at 23 December 23. This can be compared to the shareholdings on 25 August 2023 in my post #458 above.

Rory MacDonald: 28.53%
Chris Blackburn: 14.50%
Hargreaves Lansdown Asset Management: 6.17%
Stonehage Fleming: 5.46%
Sarasin & Partners: 5.38%
CRUX Asset Management: 5.18%
Luke Morton: 4.03%
Interactive Investor (Manchester): 3.26%
Highclere International Investors (London):3.10%
AIM Securities in Issue:149,287,059 shares

The responsibility for issuing any RNS relating to any above threshold share transaction rests entirely with MTEC not the investor. The rules require the investor to notify MTEC and then for MTEC to issue an RNS detailing the transaction and subsequent shareholding. Since the IPO in September 2021 MTEC have only released two RNS announcements relating to this - the Premier Miton 7% investment in October 2021 and the Crux Asset Management 5.05% investment last year. Therefore it has been MTEC who have not been abiding by the AIM disclosure rules rather than the applicable shareholders.
Posted at 05/1/2024 11:51 by eagle eye
PSR very low and share price down 90% over the past 12 months.
Asymmetric risk/reward ratio looks attractive, especially with net cash.
A bit of buying and this could really motor IMHO.
Posted at 05/1/2024 09:58 by hamidahamida
Worth remembering that the #MTEC CEO bought GBP150k of shares at 17.14p in July.At nearly 28% ownership already he didn't need to do that.and then In November COO of the Company, purchased 310,000 shares at a price of 10.40 pence per Ordinary Share and took his ownership to approximately 14.50%. -:-CEO and COO both together permitted to acquire ordinary shares in the Company up to 43.04% of the Company's issued share capital (as agreed with the Takeover Panel).-:- Following the above purchases by the 2 guys they now own shares equivalent TO 43.03%. Just shy of 43.4% permitted limit. -:-Ask yourself WHY buy just before the close period to almost maximum allowed
Posted at 05/1/2024 08:58 by hamidahamida
MTECH One of only 11 suppliers to win a place on Lot 2b of the new Digital and Legacy Application Services framework ("DALAS"), which is expecting to spend GBP700m-800m until September 2027."An equal share of this delivers MTEC c. GBP72mover the next 3-4 years.MTEC already has 8 of the top 10 central government bodies as active clients.Organisations that spend billions on technology and change every year.In the meantime, MTEC has steadied the business. Has plenty of cash + zero debt.Already improved profitability substantially in H2 2023. Continuing in FY24. Won access to substantial further work. Invested in/delivered new higher margin IP and is AI intelligence active.
Posted at 23/12/2023 13:14 by parob
hTTps://blackswanshares.substack.com/p/3-microcaps-for-20243 microcaps for 202421/12/23MADE TECH GROUP (MTEC) MC £16 This 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.
Posted at 12/1/2023 11:46 by bones
Made Tech’s interims for the half year to 30/11/22 will be out in February I guess. I will be keen to see how much they have been affected by the clearly documented holdups that occurred at government departments in the summer in awarding contracts and dealing with bids. Even MTEC themselves made a brief passing comment when they announced their final results on 12/9/22 but so far there has been no indication how it might have impacted on their performance for the half year to 30/11/22 during which all the Government leadership problems happened. As MTEC is 100% public service oriented, they were probably affected in some way. It’s possible the market has already discounted this situation in MTEC’s share price. I do not know.

Both TPX and TRD, probably the closest publicly quoted competitors of their size (there are loads that are privately owned too), commented on how they were affected quite badly when they published interims before Christmas.

Here is the anecdotal commentary from all three to date. I will be interested to hear what MTEC has to say next month because they should have the latest information on whether these problems at government level have resolved themselves since the summer months. TRD commented in December that they had started seeing bids and wins resuming from October onwards.

Made Tech (MTEC) passing comment on 12th September 2022:
”We are mindful of the recent changes within government and the potential impact of this may have on our public sector clients…”;

TPXImpact (TPX) passing comment on 30th November 2022
”As expected, we have seen some delays in commencing programmes given the political backdrop…̶1;

Triad (TRD) passing comment on 1st December 2022:
”…a near paralysis in some areas of government procurement as a result of political turmoil…”;

Disclosure: I currently hold TRD but not MTEC or TPX. The above is really just a heads up and I want to know what one of the bigger players in this space has to say on current conditions. If it’s all clear on the public sector front then all three stocks are probably buys (but not until I see the MTEC interims!)
Made Tech share price data is direct from the London Stock Exchange

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