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Advanced AdvT

December 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • ADVT
  • Price:
  • 140p
Although ADVT’s interim results show sales up 31% to £19.9m, the standout figure was the organic growth of 17%, driven primarily by the ability to implement price increases. This aligns with Vin Murria’s comment to me last year that, under Capita’s ownership, ADVT had been undercharging. Clients such as EY, PwC, KPMG, Deloitte, BDO and Capgemini had been paying 'literally pennies' for Retain, a mission-critical resource planning tool despite it being central to their operations. Clearly, that has changed, and a high-performance culture has been introduced. Recurring revenue has climbed to 80% of sales. EBITDA grew 8% to £4.0m, reflecting strong top-line performance, though some growth was offset by investment. Net cash stands at £83m, pl ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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