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The following link is a piece by Mark Watson-Mitchell from Master Investor, it was originally published on May 23rd this year.
Full year results are due this Thursday, house broker Singer Capital Markets are expecting profits of £7.7m and earnings per share of 26.8p.
This indicates a p/e of just over 5.
This year's expected 28.5p brings the p/e down further to 4.8.
Singer's price target is 350p, Mark Watson-Mitchell's is 325p.
Whichever angle you come from AdEPT is ridiculously undervalued at it's current 137.5p and must surely start to re-rate after this Thursday's results.
https://masterinvestor.co.uk/latest/adept-technology-really-going-for-strategic-growth/
Well, for some reason's I can clearly see loss of 5m+ in full year results suggesting there's something fundamentally wrong with this analyst' "expectations".
It is also a bit unusual to have green sp movement with such poor results.
It was a non cash loss
The operating loss of £0.2m was impacted by non-cash items, including:
£7.2m amortisation of intangible assets arising from acquisitions undertaken during prior years;
£0.7m non-cash depreciation; and
£0.1m share-based payments.
Yuri
You on the right bb?
If you consider these to be poor results I'd love to know which companies you consider worthy of further research.
Revenue, margins and EPs all up year on year and continuing to head in the same direction in the current year and no doubt beyond, in the cloud storage and SaaS sector with huge growth. Revenue split between private & public sector, all gov depts or massive companies with incredibly high recurring revenues. All at a current p/e of 5.4. Love know what you're smoking.
Buy tip from Hot Stock Rockets below.
Technology managed services business AdEPT Technology Group (LSE:ADT) has issued an AGM trading statement, including noting a return to interim dividend payments with a 2.5p per share payout announced.
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This follows it having “secured several important new contract wins and renewals since the start of the new financial year” and noting “two specific initiatives that are expected to have a positive impact on the group in the coming months, adding to the board’s confidence in a strengthening performance in H2”. Those are a strategic alliance with Canon (UK) and an announced £150 million government fund for faster and more reliable connectivity for schools.
It notes it is currently being hindered by global chip shortages but still “anticipate the group’s EBITDA:Senior net debt ratio to be less than 2x within 12 months” and adds that underlying demand for digitisation and cloud based services remain strong.
With broker forecast full year earnings per share of 28.5p, the current 120p share price looks much too harsh an appraisal. We look for a significant recovery on delivery even close to forecasts and note half-year results are expected in mid-November. With that and considering the shares could easily double from here on earnings and de-leveraging delivery, Buy.