Member Info for Dartron

Oh man, the penny has dropped. You are the guy who "Never ever had to put a dot in there to buy any stocks" regarding being unable to find "AT." on your Lloyds app. I did explain to you that quite a few big names like Aviva "AV." and BP "BP." have the dot. Ok well, best of luck with your 'investing', as you said

"Says it all

Nothing else to discuss"

18. Authority for the company to purchase its ordinary shares

Since this got approval at the AGM, Id like to see a buy back, especially if we go below the IPO price. The company has the cash, and Id rather see them do this, than individuals purchase share. This would benefit everybody.

The director sells were only to cover tax from exercising options - which is standard practice in the UK.

Sam Mudd, Chief Executive Officer, exercised options over a total of 181,257 ordinary shares of 1 pence each ("Ordinary Shares") under the BTG Performance Share Plan. Ms. Mudd then immediately disposed of 85,812 Ordinary Shares acquired under the exercises in order to meet the taxation arising on the exercises.

I have noticed that Jeffries are the most bearish/cautious broker going. This can be a good thing as their valuations tend to be attainable.

They obviously went through the reit sector and got bearish on it, but most people are talking quite bullish on UK reits currently. Either way its nothing personal to THRL.

Jefferies cuts Segro price target to 693 (744) pence - 'hold'

Jefferies cuts LondonMetric price target to 219 (230) pence - 'buy'

Jefferies cuts Land Securities to 'underperform' (hold) - price target 492 (556) pence

Jefferies cuts Shaftesbury price target to 166 (171) pence - 'buy'

Jefferies cuts Great Portland price target to 315 (322) pence - 'hold'

Jefferies cuts Hammerson price target to 203 (205) pence - 'underperform'

Jefferies cuts British Land to 'underperform' (hold) - price target 298 (364) pence

Jefferies cuts Sirius Real Estate price target to 104 (106) pence - 'buy'

Jefferies cuts Big Yellow price target to 1,092 (1,184) pence - 'buy'

Jefferies cuts Workspace Group price target to 500 (530) pence - 'buy'

Jefferies cuts Supermarket Income REIT price target to 73 (75) pence - 'hold'

Jefferies cuts Target Healthcare REIT to 'hold' (buy) - price target 99 (100) pence

Glad I sold half of mine on 30th May, IPX is up after paying a dividend, and their AUM also increased.

Sounds like things are turning for PMI as well, but from a total return perspective IPX has been a better investment.

Coronation fund managers have bought 3% since the drop, JPM have reduced by 0.15% (see section 8A resulting situation..). Looks like they might have a small hedge attached as well, (see section 8B2 - 28,000 swaps).

Bytes is still in the top 10 holdings as of 10th July for JP small cap growth fund:

https://www.lse.co.uk/rns/JUGI/ten-largest-investments-igmvcuo4olm1xnu.html

I have not seen anywhere BYIT being rated as a sell, all of these were published within the last week:

UBS cuts Bytes Technology price target to 415 (585) pence - 'buy'

Jefferies cuts Bytes Technology price target to 380 (500) pence - 'hold'

Deutsche Bank cuts Bytes Technology price target to 470 (575) pence - 'hold'

Berenberg cuts Bytes Technology to 'hold' ('buy') - price target 390 (660) pence

Interesting thing is Bytes IPO was at 270p, although it gapped up to 330 almost instantly, so the price is now back to the all time low / float price. Fundamentals are better now than at IPO, though valuations are probably leaner.

Price is being manipulated down for sure - will it go significantly below 330? unchartered territory!

My guess is that he had some already, and has now gone over the reporting threshold. He has talked bullish on it back in January.

https://youtu.be/Dij4zoGlrJU?t=550

Also interesting that GLG have not bothered to take in their short, when they could have closed it out well below £2. They will need to buy back 1% of the company still. If Spire could do another buy back now, this would really rocket, after Bridgemere took a load recently as well.

Cant be much stock around, shaping up to be very bullish I think.

Interesting price action yesterday, I got filled at 220.5 (via spread bet so price was probably 219.5 at the time), I wonder if they were looking for stops to fill up Mill's order.

Took a very small stake, will look to add over the long term.

I can see that shore capital have a new target 117p, so an entry below £1 seems decent.

Operating profit to be 10% below previous year. Prior 2 years operating profit has been - 23.5 and 22.0.

Therefore FY25 expecting around 21M. Should still give a PE of 10.

10M surplus in pension. Net bank debt at 31 March 2025 was £13.0m compared to £1.9m at 31 December 2024, after the net investment of £13.9m for the acquisition of Pitreavie. The Group continues to operate well within its bank facilities of £40m and related covenants, which are committed until November 2027.

Room in the lending facility for further acquisitions. Possibility of a take out as well, though fairly high II ownership may prevent a deal being struck.

Need to get below £1 on this one, and ideally we need to see that management know what they are doing - not convinced with their buy and build execution.

Https://news.sky.com/story/abu-dhabi-sovereign-fund-in-talks-to-buy-100m-revolut-stake-13393926

Probably explains the strong rise recently. I took a look at Qube and their other shorts, cant see anything else unusual. Maybe they just felt it was best to get out ahead of the other shorts here.

Well done DFCH - guys, your efforts are appreciated.

Ex-dividend dates normally fall on Thursdays, with the associated record date falling one business day later usually on a Friday.

If any one is interested, Coronation Fund Managers are south African investors. Bytes are listed on the London and Johannesburg Stock Exchanges.

Coronation Fund Managers built most of their stake earlier this year.

Hi GGG, I like this company. I was already a holder before the drop. I think its not out of the question a bid landing here (though its low probability).

No debt and LOW institutional ownership. Other IT VAR's have been targets recently..

https://insidermedia.com/news/midlands/goldman-sachs-backed-group-strikes-deal-for-one-of-the-uks-largest-it-resellers

I took the opportunity to double up, even if the growth were to slow down, the company is fairly priced going forward. Plus it has 100M cash on the books.

As a trade it seems a no brainer it will rise in to the dividend, think this morning was the final shakeout.

I do think there are shorts active here, though since there were 6 shorts 6 months back, if each one was under the 0.5, you could still have 2 or 3% short. I think 330p post dividend / 350p pre dividend is the floor from what I can tell.

Many more twists and turns of this to play out. I think its wise to reduce a little as we dont know what the results have instore. Plenty of companies have dropped on 'ok' results. recently. Looks like Qube think its getting a bit toppy.

YouGov Qube Research & Technologies Limited 0.71% 0.11%

Wont have been helped by BYIT today, a similar story of delayed orders etc. This is probably the sector to start piling in to after each warning. All these co's are cash generative and paying dividends, but the sector is hated RN.

Peel Hunt believes the industry is seeing a pause rather than reduction in customer IT budgets and that companies will continue to invest in AI, cloud and cyber security to lower costs and risk.

The broker, which reiterated a Buy rating on Bytes with a price target of 638p, said: “While changes to the sales team added friction, we believe this is transient and trust management to return Bytes to 10%-plus operating profit growth.”

There was an issue with a previous CEO, Neil Murphy, who was trading and not notifying. This happened in 2023. CEO, Neil Murphy, was then sacked and Sam Mudd took over. The trading episode was done and dusted by May 2024 with this RNS being published:

https://www.lse.co.uk/rns/BYIT/outcome-of-investigation-and-notice-of-results-3pqlg9kspl8t66i.html

The conclusions from the Investigation have been reviewed by the Board. In summary, the Investigation has found no evidence that Mr Murphy's share dealing involved any other parties, nor any evidence of a wider pattern of misconduct by Mr Murphy impacting or implicating any of BTG's staff, customers or suppliers.

Funny because all of this was right at the time that timgaunt made the last post he refers to. Perhaps he is motivated to make such ill-informed posts.

Rax. Re your other post, looks like shorts got this one wrong. There were 6 firms short on this 6 months back, they seem to have greatly reduced only to miss the pay day. No wonder PA is so aggressive this morning.

They have around 100M cash, and are paying a 17p dividend this week. I have added to my holding.

Also re-checked the alleged CEO sale, looks like just the tax liability from options. He kept the rest.

Bp - BP.