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AdvancedAdvT - Buys robotic process automation business

June 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:
  • 142.5p
With c.£103m in cash and assets, Vin Murria has once again gone shopping, paying £5m for Celation, which owns a machine-learning AI-based intelligent process automation platform (InSTREAM) - not that this is making much of a dent in the cash pile. Interest income received was £2.2m and there has been a £2.6m increase in the fair value of the M&C Saatchi stake since I last wrote on it. Celation is well known to Murria as like ADVT’s significant shareholder, BGF Investment Management, each owns 45%. In the year ending June ‘23, Celation had sales of £3.3m (80% recurring subscription/transactional) with EBITDA before development costs of £1.2m. This equates to an acquisition multiple of 1.5x sales or 4.2x EBITDA, another attracti ...

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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.

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