Advancedadvt Share Price (ADVT)

It’s good to read statements like “a number of substantial contracts and renewals” and “operational performance has improved markedly” in the context of the Capita businesses that have only been under the ADVT wing for 5 months. Furthermore, results for 12 months to February 2025 are expected to be well ahead of expectations.

Having largely skimmed these results, there doesn’t seem to be a lot not to like - of course the wage bill has increased substantially in view of the new businesses on board, and it will be interesting to monitor how the number of staff changes over time.

Meanwhile, cash balance of £78.7m and SAA ‘investment’ now worth £19.2m represents £98m of today’s MCAP of £170m. Plenty of cash to pursue further investment opportunities. It’s perfectly fine to be deferring dividends in favour of capital growth - I’d be worried if VM was talking about imminent dividends tbh

Certainly glad that I decided to hold tight here. It’s one for the long term hold imo

Recent interview with Vin Murria well worth watching.

https://www.youtube.com/watch?v=G257dlrOBXg

Excellent potential with Vin Murria and team at the helm for sure.

80%+ held by instis since IPO, many of whom will have made significant profits on VM’s previous vehicles.

Spotted this tip elsewhere. Thanks x54v!

It does have potential, though I see they are now competing against big fish for acquisitions at a reasonable price. It's also encouraging that Baillie Gifford are on the shareholder list though their performance is dire these days!

The share price is quiet for now and holding firm, but there are plenty possible future catalysts which might drive it higher.

Further acquisitions are highly likely. VM is well known for these and her prior successes with Kewill, CSG and ASW were in part down to a focussed acquisition strategy. According to the trading update on Jan 8th:

“M&A is a core part of AdvT's strategy and there has been a notable increase in inbound opportunities. The Board will continue to evaluate these against its acquisition criteria.”

so it’s only a matter of time before a further acquisition is announced imo.

The existing businesses are bedding in as planned:

“AdvT's performance for the six months ended 31 December 2023 aligned with the Board's expectations.”

but VM will be looking to improve performance in each of them:

“Avenues for deploying financial and operational resources and investments to enhance the organic growth of AdvT have been identified.”

so there is scope here for future news releases pertaining to improved performance.

Lastly, the shares are very much under the radar at the moment. Increased coverage will come in time I’m sure as investors pick up on the growth and acquisition story. However there is also the possibility that a well-known tipster / tipsheet will cover ADVT. The editor of SCSW for example states that he “has known Vin Murria for many years”, and the tipsheet covered CSG and ASW historically fairly frequently.

https://www.scsw.co.uk/search/?query=vin%20murria&page=1

The share price is still only just above where VM bought in 3 years ago, so it continues to present a great long term buying opportunity imo. I have confidence that in the months and years ahead that ADVT will be a different beast entirely with a much larger market cap and share price. Watch this space!