Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
IDE Group Holdings plc ("IDE") and Adept4 plc ("AD4") are the last remaining public company assets that the Group holds and are both investments where MXC tried to scale its business by deploying executive management teams, a strategy which has not rewarded us as investors.
AD4 has been through an incredibly challenging time. The last acquisition it made, funded by a loan from BGF of £5 million has proven to be a poor one. This acquisition, being the namesake of the company, Adept4, resulted in a substantial warranty claim brought by AD4 as a result of actions the previous owners had taken to enhance the company at the time it was acquired. It is fair to say that the wasted time, energy and opportunity resulting from having to resolve these issues has had a serious impact on that company and it is likely to be a long way back for shareholders. All strategic options continue to be considered but as the largest shareholder we are very cognisant that this situation must change by way of some form of significant action in the near term.
https://www.investegate.co.uk/mxc-capital-limited--mxcp-/rns/interim-results/201905080700032900Y/
Agree Munters. Duckworth has to go as soon as possible.
Year on year it never gets any better.
More like Cloudbust.
Very interesting and thank you for your reply. Something has to be done with this shambles of a company.
What's your view on these latest developments?
Not long before we're below a penny at this rate
What an awful miserable share this is.
Adept4 reports flat annual gross profit despite 7% jump in revenue
IT group Adept4 reported Thursday an unchanged loss before tax despite a 7% increase in revenues.
For the six months ended 31 March 2018, pre-tax losses were unchanged at £0.8m, revenue grew 7% to £5.4m and gross profit was unchanged at £3.1m as gross profit margin fell to 57% from 62% a year earlier.
Adjusted group earnings (EBITDA) fell to £0.2m from £0.3m.
The company is pinning its hopes of revenue growth on the appointment of new Sales Director and a strengthened sales team but acknowledged there is work to be done to achieve the potential of the business.
'The appointment of a new Sales Director and a strengthening of the sales team will be key to us achieving future revenue growth,' said Simon Duckworth, Non-Executive Chairman of Adept4.
https://www.sharesmagazine.co.uk/news/market/6030744/Adept4-reports-flat-annual-gross-profit-despite-7pct-jump-in-revenue
The only good thing today is that the share price hasn't been battered more. Very disappointed.
Adept4 are hiring some of the best technical minds and we are looking for customer centric & ambitious people to join our fast paced growing Service Desk Team. https://info.adept4.co.uk/careers/software-developer?utm_content=72954957&utm_medium=social&utm_source=twitter
The week's Feature Friday is Debbie Davis, Software Development Manager What is the coolest thing you�re working on right now? I'm part of a project team that has been tasked with developing a large Data Cube for a major customer. The main aim of the Cube, which we've built in-house, is to provide them the ability to generate precise reports for their own customers (many of which include large underwriters). The Cube works by gathering data, from multiple sources, and structures it a bespoke way that means their critical systems don't suffer performance issues. Check the link out for others. https://info.adept4.co.uk/blog/feature-friday-8-debbie-davis?utm_campaign=Blog&utm_content=72802099&utm_medium=social&utm_source=twitter
Daresbury firm Adept4 has appointed industry authority Mike Williams as chief technology officer as it continues its journey to become the North West and Yorkshire�s premier managed cloud services provider. The appointment comes as the company begins a period of investment in its managed and cloud services portfolio. Mr Williams brings an exceptional tenure in the managed services space, with a specific focus on Microsoft technologies. His 30 years� experience culminated in seven years at Microsoft where he was a technology strategist assisting MSPs in growing revenue through building services-led portfolios. With a proven track record and extensive experience in service development, architecture and product marketing strategy, in his new role he will be responsible for the strategic development and delivery of managed services portfolio and fostering eco-system partnerships, while leading, coaching and developing the services and delivery teams. Mr Williams said: �I have a passion for technology and the role it can play in an organisation�s success. Working with an exceptional team I intend to deliver a compelling, market-leading proposition and roadmap for Adept4 as a leading provider of cloud technology, transformation programmes and outstanding customer service.� Managing director David Griffiths said: �We are thrilled to have Mike on board. His passion and commitment are representative of Adept4�s ethos and we welcome his expertise in delivering client-focused thought leadership.� https://www.thebusinessdesk.com/northwest/news/2021505-people-move-whitfield-business-support-caterforce-icaew-pmd-business-finance-c4-consulting-adept4
https://www.adept4.co.uk/sites/default/files/files/case-study/directgroup_casestudy.pdf
To be honest that's my thoughts at the moment.
Anybody see this as a positive piece of news?
Progress is being made but at a far too slow rate for most investors.
Link to Nyotron. https://nyotron.com/
November 7th Adept4 has already enjoyed early sales success with this solution, securing new contracts worth in excess of £0.3 million in total revenue through: November 13th We have already enjoyed success, securing our first order worth £0.2 million in total revenue with a business process outsourcer for a three year term. We are also building a solid pipeline of opportunities which we would expect to deliver as a managed service.