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Expect 30 p in 2 weeks ..and then zoom to 50 p after half year results.
Why can they not show buys and sells correctly , it's pointless showing the numbers as it means absolutely nothing , I bought more at 10:03 shown as a sell
Not long until February for the interims and update. Hopefully s/p will increase towards that pivotal date period. Keep checking that Bidstats for contracts.
Yeah I think I'll wait for the results before buying now. I also don't like how much they are taking out of the company in share based payments, given the way the SP has performed over the last two years or so. How much will they award themselves when the SP goes up? And the lack of RNS'd contract wins provides little incentive for short to medium term traders which is needed to provide liquidity. It would appear that the management is running this company for their own benefit and not worrying about share holders at all, hence no RNS contract wins or regular interviews. I'd worry that without liquidity and the chance of poor results this could drop hard, especially if another large seller appears.
Shamtown
I am with you, I always feel nervous when a CFO leaves at such short notice unexpectedly, especially when their webinar recently indicated everything was starting to look sooo much better...
Hi
DL the current CFO already has been alloted close to a million shares (free of cost) see previous RNS.
Profits are expected to zoom at the half yearly report
I was going to buy in today but I don't know how I feel about today's news. If everything was going well, why change the CFO or why would a CFO of a successful growth company step down and miss out on all their options down the line. The CEO did mention that the available tenders may be fewer as elections get closer, but I still thought the overall move to digitisation would bring sufficient revenue and the reduction in staff would provide profit for this period, but I'm a bit dubious now.
Lets hope he buys some shares.
Neil Elton joins MTEC as CFO from Learning Technologies Group Plc
Starts on 15 January 2024 and will join the Board of Directors on 1 February 2024
An experienced finance professional with more than 18 years' experience as CFO of high-growth, publicly quoted companies. His most recent public company role was CFO at Learning Technologies Group Plc
"create long-term shareholder value":
Neil Elton:
"I look forward to joining Made Tech and to working with Rory and the team to successfully execute the business strategy and create long-term shareholder value."
We could do with a focus on shareholder value.....
Good luck, Brighty
Hoping for a steady upward trend leading into the midterm results. At least 3 new contracts won and maybe more in the pipeline. Definitely a bargain at this price. All the best, Ryno
That must be the overhang clearance
05-Jan-24 10:01:16 11.50 1,890,000 Unknown* 13.00 13.50 217.35k O
05-Jan-24 17:08:35 13.25 415,110 Unknown* 13.00 13.50 55.00k
JBER now on the bid having been on the asking for a while.
So overhang has cleared.
I think this dropped this low due to a forced sell holding.
Director buysh as helped to clear the overhang too
Large volume and relentless buying today, Bodes well for the share price.
Nice to see a bit of interest here, decent volume thus far. Bod will be inking the quill to provide an update for February (N rush, stick to the timetable) Keep monitoring Bidstat for co info re contracts - saves on RNS
Get them whilst you can at 12p ! The current share price hugely under values MTEC based on FY revenue up 37% to £40.2m, cash of £8.5m, contracted backlog growth of 44%, EBITDA of £1.5m and sales bookings up nearly 40% at £69.9m.
A reminder, MTEC's share price was over 40p last year and just 2 years ago it was 140p a share. A serious share price re-rate could be on the cards here.....
Good luck, Brighty
Can sell shed load at 11.05p now.
Get them while u can
Added my last 30k @11p
I have added today
HTTps://blackswanshares.substack.com/p/3-microcaps-for-2024
3 microcaps for 2024
21/12/23
MADE TECH GROUP (MTEC) MC £16
This is a mini KNOS, software co which specializes in digitisation projects for central and local UK government. The sp 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
Are these favourable priced buys ?
Still 4v1
Sorry wrong link
But you can search for just Made news
Made specific gov contracts
https://bidstats.uk/tenders/?ntype=tender
Https://bidstats.uk/tenders/2023/W51/812908595
They have won a few over the past few months but seem stick rigidly to end Jan/Feb for interim trading update.
Parrot
I read u both boards
Someuwin is a serial ramp with a bull narrative
If chLlenges on Free BB , he creates a premium thread to ban ppl when challenged
There are a few of them who follow each other
Ironically am a bull here anyway
Real spread 11.11p/11.5p
MMs will have to move this real soon