Aukett Swanke Share Price (AUK)

Fill your boots before this takes off.

I have done and am confident in the future of this company.

More confident than ever after visiting their stands at: The Smart Buildings Show in October 2024 , and Anticipate London, December 2024 , both Excel exhibitions.

Half Year Results February/March.

Final day today of Anticipate London where the organisers facilitated Vanti's very impressive interactive stand.

Vanti is an important part of AUK's recently formed Smart Buildings group.

The group is now working well and I expect to see impressive results going forward!

Jamie Finnan's presentation at the Smart Buildings Show was well attended and very impressive. Purchases still showing as sales. Five purchases I made last week into family ISAs all showed as sales.

talk by jamie finnan

managing director

ecodriver ltd

thursday 10th october 11:30 - 12:15

'is your building energy smart?'

in the energy management theatre

'.....three critical topics that need to be addressed to achieve an energy smart building. we will also explain how to leverage dark data, ai & people, to maintain a building that is always energy smart - today, tomorrow, and in the future.'

speaker

ecodriver ltd is part of the aukett s****e group,

an even stronger buy after auk on hybridan's site:

'aukett s****e 1.675p £5.7m (auk.l)

the original architecture practice was founded in 1906 and recently it formed a smart buildings division whose first combined interims to march 2024 were reported on 28 june. revenue, including the new businesses, escalated to £9.45m from £4.56m but there was, however, an increased trading loss to £0.81m from £0.29m due to the process of transforming itself from professional services to technical services.

the recent trading update for the second half of the year to september 2024 is expected to breakeven with turnover of c. £20m, so the full year loss will be similar to h1. annual cost reductions of more than £2m are being implemented and a freehold property was disposed of for £2.5m, which including the march £425k funding at 1p for an acquisition will broadly eliminate net debt. there is a 25% holding in aukett heese gmbh, a german architecture practice, paying a regular £250k+ as a share of its full profits. this non core holding could be worth at least 3x the implied £1m profits a year.

auk is at a relatively early stage of providing smart buildings services. since march 2023, there have been four related acquisitions and further deals seem likely. two of the recent acquisitions are ecodriver, a consultancy services with proprietary software aimed at improving a building’s energy efficiency. it has monitoring software, provides iot sensors and other hardware to monitor environmental data on an easy to use dashboard. vanti was opportunistically acquired from administrators just before these interims and brings further software assets and an established master systems integration branded platform. it has already added over £2m of contract wins and seems a bargain.

comment: the bigger risk could be missing the predictable upside. '