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AD Dynamics - Buys high spec simulator business

October 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.

  • Epic Code:
  • ABDP
  • Price:
  • 1405p
ABDP has had a strong finish to the year and ahead of reporting results on 23 November, it said it now expects to report sales for FY22 of £80m, up 22% year on year and adjusted operating profit is anticipated to be ahead of current market expectations. Growth in H2 has been driven by track testing, which was also strong in H1. Lab testing and simulation sales were broadly flat at c. £16m, mainly due to the timing of revenue recognition on larger contractsNet cash at the end of August was £28m and is now being put to good use with the acquisition of Norfolk-based Ansible Motion, a provider of advanced simulators to the global automotive market for an initial £19.2m (£16.2m cash and £3m in shares). Ansible’s products are used ...

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