Updates

Auction Technologies Group - Another eps upgrade

June 2022

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.

ATG, which runs seven auction platforms, has been undeservedly caught in the market downdraught. H1 shows things are running well ahead, with forecasts upgraded 4%, having been upgraded by 20% in December. H1 delivered a 16% increase in sales on a proforma basis if LiveAuctioneers had been included in both periods (+67% on a reported basis) to £57.7m. Adjusted EBITDA of £26.8m grew 58% year on year, for a margin of 46%. Eps were13.4p. Total Hammer Value of goods listed climbed by 27% to £4.8bn as more goods were listed, goods had higher second-hand prices, and it also entered new verticals via acquisitions. With £1.6bn (+25% year-on-year) of lots knocked down to buyers on ATG-owned platforms, this made for a 33% share. < ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Renew Holdings

Tremor

Auction Technology Group (January 2023)

Auction Technologies Group - Becoming a multi stage rocket (December 2021)

Auction Technologies Group (November 2021)

Auction Technology Group - 24% upgrade to forecasts (July 2021)

Auction Technology Group - Online auctions see surge during pandemic (May 2021)

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