AdEPT Telecom plc, formerly AdEPT Telecom, is a United Kingdom-based company providing voice and data telecommunications services to both domestic and business customers. The Company provides fixed line calls, line rental, mobile and data connectivity products to thousands of business and residential customers across the United Kingdom. The Company offers a range of business telecom products for all sizes of business. AdEPT's Inbound Call Handling services offer a way to manage inbound calls, with online access enabling customers to implement changes instantly. AdEPT broadband products offer unlimited downloads and Internet speeds of up to 16 megabits, 50 megabits of Webspace. As at March 2010, AdEPT has completed the acquisition and integration of 16 telecom businesses, all of which have been integrated and trade under the AdEPT Telecom brand

http://www.adept-telecom.co.uk/data-connections/data-quote-tool

Saw it in Saturdays paper and then forgot ........ s--t. Tore my shoulder joint so been busy at A@E.

Drat drat ............and a final drat.

I thought you we laying out on the sun bed in the rain/sun :-))

LOL, I wish.

Got this corset thingy around my shoulder neck and top half. Can hardly move.

Did it trying to tear away tree roots. Devils sprung back and I went twack.

So easily done. Your the third person to tell me they have done that. Hope the trading finger still works fine. Plenty of cups of tea as they say in my house and REST IT.

Still moving up.:-))

Notice of AGM and Dividend Timetable

RNS


RNS Number : 7012K

AdEPT Telecom plc

01 August 2013




AdEPT Telecom plc

("AdEPT Telecom" or the "Company")



Notice of AGM and Dividend Timetable



The Board of AdEPT Telecom confirms that a notice convening an annual general meeting of the Company, to be held at 10.00am on 26 September 2013 at 77 Mount Ephraim, Tunbridge Wells, Kent TN4 8BS (the "AGM") is available to download from the Company's website, www.adept-telecom.co.uk and will shortly be posted to shareholders.



The notice of AGM includes a resolution to approve the final dividend of 0.75p per ordinary share to be paid on 10 October 2013 to shareholders who are on the register of members on the record date of 20 September 2013. Total dividends declared during the year ended 31 March 2013 of 1.50p per ordinary share represent a 200% increase year-on-year (2012: 0.50p).



For further information on AdEPT Telecom please visit www.adept-telecom.co.uk or contact:

Shares in Adept Telecoms (unchanged today at 140p) was another of the week’s top performers, rising 27 per cent, as it continued its share's spectacular run over the past year, which has seen it more than double in value.




http://www.dailymail.co.uk/money/markets/article-2383447/SMALL-CAP-MOVERS-Summer-rush-sweeps-AIM-market-results-season-starts.html

Acquisition

RNS


RNS Number : 0049L

AdEPT Telecom plc

06 August 2013






AdEPT Telecom plc

("AdEPT Telecom" or the "Company")



Acquisition of certain trade and assets from Bluebell Telecom Limited



Further to the announcement on 26 July 2013, the Board of AdEPT Telecom, one of the UK's leading independent providers of voice and data telecommunications solutions, is pleased to announce that it has signed an agreement to acquire approximately 3,000 business customer contracts from Bluebell Telecom Limited ("Bluebell") for an initial cash consideration of approximately £2m. Further consideration of approximately £0.5m may be payable based upon performance of the contracts post-acquisition.



The business customer contracts acquired from Bluebell complement the AdEPT Telecom portfolio as they are all UK based fixed-line telecom business customers taking communications products including lines, calls, data connectivity, inbound-telephony and maintenance services. Management of the contracts will be transferred to AdEPT Telecom's office in Tunbridge Wells, Kent during August 2013.



Based on recent management accounting information, annualised revenue and EBITDA attributable to the contracts being acquired is anticipated to be approximately £1.8 million and £0.6 million respectively.



The total consideration will be funded out of AdEPT Telecom's existing bank facilities.



For further information on AdEPT Telecom please visit www.adept-telecom.co.uk or contact:

Northland also repeated its ‘buy’ AdEPT Telecom (LON:ADT), which on Tuesday confirmed it will pull the trigger on a £2mln deal to acquire 3,000 business customers from Bluebell Telecom.

The contracts being bought are all UK fixed line and generate annual sales and EBITDA of £1.8mln and £600,000 respectively.

“The AdEPT management team has a proven ability to make and integrate acquisitions (18 to date) and convert profits into cash,” said Northland analyst David Johnson.

“The UK business telecoms market remains highly fragmented and there is scope for further consolidation.”

Earlier analysts weighed in with no fewer than six downgrades to recommendations, with the promise of more to follow.



http://www.proactiveinvestors.co.uk/columns/broker-spotlight/13769/broker-spotlight-pt2-gemfields-888-adept-and-regency-find-support-13769.html

We maintain our BUY rating and set a new price target of 145p


http://www.proactiveinvestors.co.uk/columns/northland-capital-partners-view-on-the-city/13763/northland-capital-partners-view-on-the-city-adept-telecom-and-regency-mines-13763.html

Ex dividend Wed 18 Sept 0.75p

Result of AGM

RNS


RNS Number : 9808O

AdEPT Telecom plc

26 September 2013




AdEPT Telecom plc

("AdEPT Telecom" or the "Company")



AdEPT Telecom is pleased to announce that at the Annual General Meeting ("AGM") of the Company held at 10.00am today, all the proposed resolutions were duly passed.



Roger Wilson, Chairman of AdEPT Telecom, commenting at the Company's AGM said:



"AdEPT has delivered a tenth consecutive year of increased EBITDA. Continued deleveraging from consistent free cash flow generation has been used to finance the 200% increase to dividends during the year ended 31 March 2013 and subsequently the recent acquisition of business customers from Bluebell Telecom Limited."



For further information on AdEPT Telecom please visit www.adept-telecom.co.uk or contact:

Looking for a re-entry price, once the dust settles with the markets.

3 Oct Northland... 145.00 Buy

AdEPT Telecom still looking for acquisitions
By Charlotte Kan November 01 2013, 8:24am


Roger Wilson, chairman of AdEPT Telecom (LON:ADT), a provider of voice and data network services, told Proactiveinvestors the company is still seeking acquisition opportunities and will pursue its "very progressive" dividend policy.


http://www.proactiveinvestors.co.uk/companies/stocktube/2294/-adept-telecom-still-looking-for-acquisitions-2294.html

Trading Update & Acquisition

RNS


RNS Number : 2759E

AdEPT Telecom plc

08 April 2014




AdEPT Telecom PLC

("AdEPT" or the "Company")

Trading Update and Acquisition

AdEPT Telecom plc, one of the UK's leading independent providers of voice and data telecommunications solutions, today announces a trading update for the year ended 31 March 2014 (ahead of its final results which are expected to be announced in early July 2014) and details of the acquisition of Bluecherry Telecom Limited.

Trading performance

The Company is pleased to announce that it anticipates that underlying EBITDA will be ahead of the previous year and in line with the market expectations of an 8% rise year-on-year. Adjusted* profit before tax is expected to be ahead of the prior year and in line with market expectations. Turnover is expected to be in line with the previous year but slightly below market expectations.

* adjusted for amortisation and share option costs

Cash flow and net debt

The reduction in net borrowings was ahead of market expectations. Net borrowings reduced by £0.3m in the year to £3.0m as at 31 March 2014. AdEPT continues to generate consistently strong cash flow. This reduction in debt is after payment of (i) the deferred consideration for the acquisition of customer contracts from Expanse Communications (UK) Limited and Bluebell Telecom Limited, (ii) 18 months corporation tax following the transition to large company status for tax purposes and (iii) a 200 per cent. increase in dividends.

Dividends

AdEPT announced an interim dividend of 1.50p per share in its September 2013 interim statement, which will paid to shareholders on 11 April 2014. The Board today announces that it recommends a final dividend of 1.50p (2012: 0.75p) per Ordinary Share which, subject to Shareholder approval at the Annual General Meeting later in the year, will be paid in October 2014. Total dividends declared during the year ended 31 March 2014 of 3.00p per Ordinary Share represent a 100 per cent. increase year-on-year (2012: 1.50p).

Acquisition

AdEPT has c20,000 customers. The 1,000 largest customers equate to about half of the revenue and the 19,000 smaller customers the other half. Our strategy is to concentrate our organic sales efforts on attracting larger customers, particularly in the public sector. Rather than operate a telesales operation aimed at acquiring smaller business customers we instead use our cash generation to buy customer bases from other telesales operations in the industry. Our smaller in-fill acquisitions are therefore simply an alternative to sales and marketing spend.

The Board of AdEPT is pleased to announce another small, partly in-fill, acquisition. We have signed an agreement to acquire the share capital of Bluecherry Telecom Limited ("Bluecherry") for an initial consideration of £1.8m plus the value of the net assets at completion (estimated to amount to £0.25m and being represented by cash), payable in cash. Further consideration of between £0.2m and £0.75m will be payable, also in cash, dependent upon performance of the contracts post-acquisition. The total consideration will be funded out of AdEPT's existing bank facilities. The business customers of Bluecherry complement the AdEPT portfolio as they are all UK-based fixed-line telecom business customers taking communications products including lines, calls and broadband services. Management of the Bluecherry contracts will be transferred to AdEPT's office in Tunbridge Wells, Kent during April 2014. Based on recent management accounting information, annualised revenue and EBITDA of Bluecherry is approximately £1.2 million and £0.45 million respectively.

AdEPT Telecom’s (LON:ADT) acquisition of Blue Cherry Telecom fits its recent pattern of deals and should be earnings enhancing said Northland.

It acquires existing customer bases in the fragmented reseller market and transfers accounts over to its own billing systems in a highly efficient manner. AdEPT has repeated the exercise several times and will typically take on few, if any staff, with the acquisitions.

Results were in line the broker’s expectations and the rating remains ‘buy’ with a 165p price target.



http://www.proactiveinvestors.co.uk/columns/broker-spotlight/15877/broker-spotlight-lonmin-hsbc-hikma-pharma-gemfields-petroceltic-adept-telecom-15877.html

THE BIG PICTURE - AdEPT Telecom trading at ‘unwarranted discount’ to peers

By Jamie Nimmo

April 09 2014, 11:02am
Northland Capital has a target price of 165p on the stock



AdEPT Telecom’s (LON:ADT) share price has been as robust as ever, but there are some voices from the City still claiming the group is undervalued.

Among them is broker Northland Capital, which has a 165p target price on the AIM-listed telecoms company – some 35p above the current price.

Analyst David Johnson’s basis for the ‘buy’ recommendation is that the shares are trading on an “unwarranted discount to other quoted non-network owning peers”.

The stock is currently priced at 10.3 times earnings for next year and the year after, with the yield increasing from 3% to 3.7% respectively.

This is based on Johnson’s upgraded forecasts following yesterday’s trading statement, which confirmed the company is continuing to convert profits into cash, which is going towards paying down debt, its dividend policy, and customer contract acquisitions.

The firm has just splashed out an initial £1.8mln on Bluecherry Telecom, with the fee rising based on future performance.

Bluecherry has annualised revenues of £1.2mln and underlying earnings (EBITDA) of £450,000. The acquisition is expected to be earnings enhancing next year.

“Our strategy is to concentrate our organic sales efforts on attracting larger customers, particularly in the public sector,” AdEPT explained.

“Rather than operate a telesales operation aimed at acquiring smaller business customers we instead use our cash generation to buy customer bases from other telesales operations in the industry.

“Our smaller in-fill acquisitions are therefore simply an alternative to sales and marketing spend.”

The acquisition fits in with that strategy and eliminates the need for a large telesales operation to secure smaller customers as chief executive Ian Fishwick explains.

“We use the cash generation every now and again to buy a customer base because we’re set up to integrate them. This is the 19th integration we’ve done over the last 11 years,” he said.

“It’s [Bluecherry] a telesales operation that we like – we like the way they behave. The product set they’re selling is easy for us to integrate – if they were selling things we didn’t have, then we’d think twice about doing it so it’s a relatively easy one for us to do.”

Fishwick added: “We’re looking at these deals constantly. We must turn down six or seven for every one we do. It’s a way of life for us; we do it all the time.”

In Tuesday’s trading update, the company said it expects EBITDA to register an 8% rise from last year, while turnover is likely to be a little lower than previously anticipated.

Notably, it will be the eleventh consecutive year the company has announced record underlying EBITDA.

The group said its borrowings had reduced by a greater than expected £300,000 to £3mln as it continues to generate consistently strong cash flows.

The final dividend will be 1.5p, double the amount it paid out at the same time last year, making a total dividend for the year of 3p.

“We can see there are few dividend payers on AIM,” Fishwick continues.

“Now that AIM’s attractive to ISA holders, when you add in a good dividend yield in as well, clearly that makes us fairly unusual on AIM.”

Automation plays a key role in the company’s high margins. Its sales staff are the highest-earning per head in the industry – it makes almost £500,000 per employee compared with a sector average of £168,000 or £250,000 for a top quartile provider.

The business telecoms market is made up of 700 small communication providers (compared with a handful in the residential market) and at around £28mln, Adept is one of the larger players.

The company’s full-year results are expected to be released in July.

Final Results

RNS


RNS Number : 6664L

AdEPT Telecom plc

08 July 2014




AdEPT Telecom plc



("AdEPT" or the "Company")



Final results for the year ended 31 March 2014



AdEPT (AIM: ADT), a leading UK independent provider of award-winning telecommunications services for fixed line, mobile, data connectivity and VoIP, announces its results for the year ended 31 March 2014.

Financial Highlights

· Eleventh consecutive year of increased underlying EBITDA up 8.3% to £4.04m (2013: £3.73m)

· Underlying EBITDA margin % increased by 1.6% to 19.4% (2013: 17.8%)

· 12.8% increase to Profit Before Tax to £1.85m (2013: £1.64m)

· 35.2% increase to Profit After Tax to £1.33m (2013: £0.98m)

· 18.0% increase to Adjusted Basic Earnings Per Share of 14.99p (2013: 12.70p)

· 100% increase to dividends declared to 3.0p (Interim 1.50p, Final 1.50p) (2013: 1.50p)

· Cash generation with free cash flow, after interest, of £2.6m (2013: £3.0m)

· Net debt reduction of £0.3m year-on-year to £3.0m (2013: £3.3m)

· Total interest costs reduced by 30.4% to £0.26m (2013: £0.37m)

Operational Highlights

· 26.9% increase to data connectivity and broadband revenues year-on-year

· Acquisition of customer base from Bluebell Telecom Limited completed in August 2013



Commenting upon these results Chairman Roger Wilson said:



"AdEPT has delivered its eleventh consecutive year of increased EBITDA and continues to deliver consistent free cash flow generation. The Company has achieved a reduction to net borrowings despite undertaking a customer base acquisition during the year, with a further acquisition completed and fully integrated post year-end. The continued strong cash generation has funded a 100% increase to dividends declared during the year. The Board is confident that continued focus on underlying profitability and strong cash generation will support a progressive dividend policy. Organically the Company has strengthened its position through successfully leveraging its various frameworks to increase the scale of its public sector customer base."

AdEPT Telecom doubles dividend as cash rolls in

By Philip Whiterow

July 08 2014, 8:12am
Adept, which is a re-seller and has no infrastructure itself, specialises in supplying large public sector customers.
Adept, which is a re-seller and has no infrastructure itself, specialises in supplying large public sector customers.


Telecoms services supplier Adept Telecom (LON:ADT) celebrated its eleventh year of higher underlying profits by doubling its dividend.

Roger Wilson, chairman, said strong cash flow funded the higher payout, adding he was confident the focus on underlying profitability would support further increases in the future.

Underlying profits [EBITDA] rose by 8% to £4mln in the year to March despite a small decline in revenues to £20.9mln. Pre-tax profits rose by 13% to £1.85mln.

Adept, which is a re-seller and has no infrastructure itself, specialises in supplying large public sector customers with a full range of telecom requirements.

Its recent strategy has been to acquire customer bases through the acquisition of smaller rivals, which the focus on building its data and broadband side as fixed line revenues decline.

Revenues were also affected by a reduction in the mobile termination charge with fixed line revenues of £15.7mln (£16.8mln), offset partly by a 27% rise in data and broadband.

“The business focus for the coming year remains on continued development of organic sales through leveraging AdEPT's approved supplier status on the various telecom frameworks, maintaining profitability and cash flow generation, which will be used to reduce net borrowings and/or fund suitable earnings-enhancing acquisitions if identified,” it said.

The dividend for the year rises to 3p.