Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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I can't see anything. It seems to be just sentiment, indeed the company previously advised that their 2nd half performance is usually stronger than their 1st... I've topped up.
I see the company's year end is 31st August. Hmm... has someone got wind of something?
The share price has dropped from 2200p in early July to 1630p today, caused not by bad news but no news!
The share price has dropped from 2200p in early July to 1630p now, caused not by bad news but simply no news...
Which June?
I took a wee look through your site and have to say it is very good. I even bought one of the companies you reviewed EKF.
Are you planning to write more articles for it?
Hi all, I have written an article for my website on AB. A good look at the recent results and potential for growth over the long term. Disclosure - I am a holder. https://www.thetwentiestrader.com/post/ab-dynamics-investment-case-half-year-report
LIBERUM RAISES AB DYNAMICS PRICE TARGET TO 2,400 (2,300) PENCE - 'BUY'
Spiderman - What debt are you talking about? 30mil in the bank.
I see The Motley Fool gave AB good publicity yesterday. My Father is on the BOD. I know for a fact the BOD are expecting £28+ by the end of June. I'm very confident and I now own 164 shares, which is a lot for me. The only thing that worries me is the amount of debt, but apparently it's nothing to worry about. This is a definite buy
A 10% drop yesterday and another 10% drop today ............. Seems a bit stiff
Might take a while to get back up
Just seen that AB are going to be on top gear on Sunday. Will be worth a watch! Good publicity
It’s not the most liquid of stocks so it does move on low volume. Interim report is pretty good considering the Impact of covid on the global automotive sector.
Forward looking statements look promising for next year.
I was very surprised to see this drop so much off the back of a pretty good interim report. Looks like it has been driven by two chunky sales....
Investors Chronicle also tipped this on 27th August at £17.35 - saying "we’re inclined to view the premium valuation as a price worth paying." They seem to think customers will have delayed some actions due to the pandemic, causing a likely effect in full year results followed by a rebound next financial year. This sounds plausible as regulatory compliance cannot be delayed indefinitely. Expensive but interesting: one for the watch list
In this atmosphere of testing uncertainty, AB Dynamics (LON: ABDP), a specialist provider of advanced testing systems and measurement products to the global automotive sector, has flourished. Founded in 1982 as a vehicle engineering consultancy, the group arrived on AIM in 2013 at a share price of 86p and market capitalisation of only £14m. Although the shares are well down on previous highs, they are still up over 1800% since IPO and the business looks in great shape with plenty of cash and new manufacturing facilities to support its growth.
Its interim results for the 6 months to end February saw revenues increase 34% to £34.7m, or 11% excluding the contribution from acquisitions. The Track Testing sector contributed the majority of growth, with sales of their Advanced Driver Assistance System test products increasing 44%. It is well placed to benefit as the testing of active safety systems continue to evolve, with automotive manufacturers required by regulation to ensure that new vehicles have suitable active safety and driver assistance systems to minimise the risk of accidents and injuries. Growth has also been boosted by its acquisition of rFpro, a leading developer and provider of simulation software, and Digital Twins which provides for virtual representations of public roads, test tracks and racing circuits.
Unlike much of the industry, AB Dynamics is reliant on the volume of vehicles tested rather than sales. It has therefore not been directly impacted by the slowdown in car sales. The Group also boasts a strong, debt free balance sheet and its significant net cash of £35.1m will provide resources to withstand the likely impact of the pandemic and help support the expansion of its facilities.
AB Dynamics is in an excellent position to benefit from the market transition to electric and autonomous vehicles. As car manufacturers look to diversify into this growing market, the company is set to profit from the increasing demand for advanced testing systems of these cars, such as Tesla’s.
In my opinion its a steal at current price.
Nice to see ABD equipment in use during lockdown.
https://insideevs.com/news/410449/rivian-r1t-jiggy-lockdown-video/
Is it a good point to buy into this now? Or do people think it could head lower?
You've got your answer. Hope you're still in profit.
Who's waiting on the morning's results? I'm heavily invested in this one, what are we hoping for? Could solid results send the share price north of £20?
Purchased some more this morning. Looksincreasingly good value at the moment. Their services will still be needed.
If I may say colleagues, brokers tend to be optomistic in suggesting new horizons, quite a few shareholders tend to be pessimistic and sell at least some of their shares in even in good, well managed companies like this one. I think the two aquisitions of late will start to show their value during this year.----- Yours, Max.
Purchased some here, like the long term story
shows very volatile price action but I still like the story.