Made Tech Group Plc

-0.25 (-1.47%)
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
  -0.25 -1.47% 16.75 89,194 13:01:55
Bid Price Offer Price High Price Low Price Open Price
16.50 17.00 17.00 16.75 17.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Cmp Facilities Mgmt Service 29.29 -0.31 -0.20 - 25.01
Last Trade Time Trade Type Trade Size Trade Price Currency
15:55:50 O 10,032 16.60 GBX

Made Tech (MTEC) Latest News

Made Tech (MTEC) Discussions and Chat

Made Tech Forums and Chat

Date Time Title Posts
02/6/202308:57Made Tech Group PLC317
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
2023-06-08 14:55:5116.6010,0321,665.31O
2023-06-08 14:07:3316.841,736292.34O
2023-06-08 13:37:3916.592,412400.03O
2023-06-08 13:12:5116.842,000336.80O
2023-06-08 12:53:1816.9020,0003,379.98O

Made Tech (MTEC) Top Chat Posts

Top Posts
Posted at 02/6/2023 07:52 by masurenguy
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.

Posted at 18/4/2023 16:32 by masurenguy
Current MTEC Shareholders: 18 April 2023
Rory MacDonald: 27.93%
Chris Blackburn: 14.29%
Stonehage Fleming: 5.04%
Luke Morton: 4.03%
Berenberg Bank: 3.38%
Canaccord Genuity: 3.35%
Sarasin & Partners: 3.12%
Highclere International Investors: 3.10%
Top 8 shareholders: 64.24%

Posted at 01/3/2023 15:37 by tomps2
Made Tech (MTEC) interim results presentation - February 2023

Made Tech CEO, Rory MacDonald & CFO, Deborah Lovegrove, present the interim results for the six months ended 30 November 2022. They achieved strong organic revenue growth and a record Contracted Backlog.

Watch the video here: Https://

Or listen to the podcast here: Https://

Posted at 23/2/2023 11:04 by iandippie
Cash down.EDITDA down.Margins down.No details as to why. Perhaps this is all expected seeing as they think they will meet meet expectations, but come on, these results could not be any briefer! Not impressed as a shareholder.This has also nearly doubled since beginning of Jan, so gut feel is that the share price has caught up with events for now.Time to exit and move on.GLAH.
Posted at 23/2/2023 08:49 by dr biotech
I wouldn’t get over excited by the cancellation of the LTIP either. They have to achieve a CAGR of 7% on the share price at flotation. So around 150p.
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!)

Posted at 26/8/2022 11:00 by sunshine today
This company may involve into an absolute winner , however I am guarded.

Here’s why.

To date they failed to deliver.

They are no longer an SME ( 440 staff V 250 limit ) This means they are on a level playing field with the big boys, and have no advantage.

SME”S are being favoured by the U.K. government under special policies and are right now taking a large slice of government contracts within the sector.

Thus the potential bid POT for the likes of MTEC is reduced by a very large margin before they even get out of the gate by 30% - 40%

They have to bid for all government work and while on some good framework agreements they failed to win both lots on RM6263 ( £4BN of work split with 103 companies)

“Trading on 0.9x FY23 EV/sales we believe the stock represents that most elusive of quarries: a deep value growth stock."

EV SALES EQUAL FA, it’s profits that drive share prices

Profits are not real when presented as EBITD

Still runs old business model of working from various offices with all the costs involved

Only working for Government ( eggs in one basket )No private clients.

“We continue to believe we are seeing the emergence of a company of lasting importance, which is gaining market share within a widening group of prestigious UK Public Sector bodies (many of whom we have spoken to; they have provided unequivocally strong feedback.”

I don’t doubt that, however it’s not allowed at this time as criteria to win more contracts.

To grow super fast they require a high share price to use a currency for the next target company.

Integrations always cost more and take longer than first thought.

Staff issues within the industry don’t get sorted in a fraction of one accounting period !!

Owners took a massive lump out on flotation selling to gullible institutions.

Some who were more than willing to dump all the way down to the shares low point, at the start of the month.

Saying all the above, they may yet surprise myself, clearly they have started to rebuild their reputation and if successful I may have missed out on a potential winner.

Good luck .

Posted at 20/8/2022 11:40 by simon gordon
Post by BnB onStockopedia - 19/8/22:

Made Tech (LON:MTEC)

For GARP lovers this must be the most important (and positive) update of the day. Made Tech has exceeded slightly reduced revenue and its more significantly curtailed profit expectations this morning. This could signal a turnaround in investor appetite for the name, which is a competitor to Kainos (LON:KNOS) in the provision of digital transformation (DX) services to government. This is a very hot area of the DX market with a long runway for growth. Competitor Netcompany, based in Denmark, recently announced 30% growth in their UK government division.

For an idea of what Made Tech delivers for government and public services, I recently had to update my photo card driving license. Not surprisingly, I chose to do so online and was able to point the DVLA to my passport records from which they picked up my latest photo ID and delivered a new license to me within 24 hours. Impressive.

The Sharewatch small companies publication gives an excellent background to the company, as does the research by Singer published on ResearchTree. I won’t go into detail here because I imagine most of you have access to one of those two resources. For my own part l spent many years delivering DX services in the public sector when active as an entrepreneur. It was very rewarding.

I am somewhat bemused at the price the market places on this name and at the swift reversal of today’s early 20% spike. The former might be explained by the disappointing trading update from February and a persisting concern that today’s swallow does not make a summer. On the other hand, the issues that resulted in the share price collapse of February, namely problems in achieving hiring targets and therefore meeting contract objectives and margin pressures owing to wage hikes, both appear to be somewhat resolved in today’s update, while the swelling order book bodes well for the achievement of the next six months’ targets. The mid morning pullback might just be would-be sellers finally enjoying an up day on which to sell holdings without depressing the price.

Made Tech is valued on half the rating of competitor Netcompany and less than a quarter of the multiple enjoyed by Kainos based on FY24 expectations. The name has more aggressive targets, being a relatively new, faster-growing player in the market and a recent (busted) IPO, but the risk is significantly mitigated by the fact that it is already cheaper than both today based on current year forecasts.

I’m not going to make bold predictions for the future trajectory of Made Tech’s share price, although it looks strong value to me today - Singer calls it "a deep value growth stock" in today's research update. But my not insignificant holding, to which I have added again this morning, reflects decades of experiencing an ever increasing demand for IT resources married to an ever diminishing competitiveness on the part of government in delivering its own IT projects without trusted partners. On which point, Made Tech’s satisfaction levels are very strong, as Singer confirms in this morning’s note.

I encourage GARP investors to research in depth.


Posted at 21/1/2022 17:03 by bones
Thanks Pugugly. Good to have someone comment on the MTEC fundamentals. I agree they look very expensive hence my November comparison exercise to compare it with what looked like an overlooked but very similar stock in the same sector, Triad.

As it has been three months since I started that comparison for my own reference, I’ll update it as of today (end of week closing prices):

Three months later from post #5

Then (as stated at the time so no hindsight):
Current share price of TRD = 107.5p, MCap £17M
Current share price of MTEC = 134.5p. MCap £199M

Current share price of TRD = 165p, MCap £26M (UP 53%)
Current share price of MTEC = 121p. MCap £179M (DOWN 10%)

Similar accounts, still a big disparity in market caps. I cannot tell the future but so far the thesis is playing out. Let’s see if MTEC can show some blow out numbers to justify its rating, or will TRD keep catching up?

Posted at 28/11/2021 13:00 by bones
Just over one month later from post #5

Current share price of TRD = 107.5p, MCap £17M
Current share price of MTEC = 134.5p. MCap £199M

Current share price of TRD = 115p, MCap £18M (UP 7%)
Current share price of MTEC = 112p. MCap £166M (DOWN 17%)

Still an amazing disparity in market caps which I feel will continue to narrow with a lot to come in the upward direction of Triad. This is possibly a holder’s bias; however, it would be good to have a view from a Made Tech supporter on its own prospects. So far it appears, as supported by the enormous cashing out by the directors on IPO, that this was a classic case of cashing in during a hot market phase. Kudos to the MTEC owners on their reward!

Note that Triad released good interims in early November (4 weeks earlier than last year) and since then directors have been buying (some at 125p and some via options at 53.5p which they say they are not selling despite the tax bills involved).

Made Tech share price data is direct from the London Stock Exchange
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