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Adept Telecom Plc (ADT)
dreamcatcher
- 27 Jul 2013 15:49
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
dreamcatcher
- 27 Jul 2013 18:02
- 4 of 85
Adept Telecom looking to grow already impressive share price
By Ian Lyall July 26 2013, 11:15am Adept provides the full gamut of telecoms services from fixed line, mobile, data connectivity and cloud-based servicesAdept provides the full gamut of telecoms services from fixed line, mobile, data connectivity and cloud-based services
Adept Telecom’s (LON:ADT) share price has enjoyed a spectacular run since paying a maiden dividend in April last year.
It might have been a nominal payout, but its impact was significant in alerting the market to the company’s rude financial health.
Its debts, which peaked in 2008 at £12.3mln, are now just under £3.3mln, or less than one times earnings before interest tax and depreciation.
Not only does this reveal a very disciplined approach to paying off those liabilities, but it underlines the business’s ability to generate significant cash.
An interesting fact emerges from the company’s recent results presentation regarding the debt. The amount saved in interest payments last year (£240,000) allowed it to increase the dividend 200% (at a cost of £210,000).
“For a lot of time the market hasn’t understood we are in very safe territory so far as the debt is concerned,” said chief executive Ian Fishwick.
“We paid a maiden dividend of half a penny last year and this was to say to the market, ‘are you listening’.”
“Judging from the share price the market was – we were the fastest rising telco last year and this.”
In the last 15 months the shares have gone orbital, shifting from 35 pence in April 2012 to over £1.
But even at these levels this still puts the group on a fairly reasonable price to earnings ratio of 9.3x (adj EPS) which is at the lower rung of the valuation scale of this particular industry. And there is an argument that it should be on multiples closer to the sector leader.
To understand why this may be the case, you need to know a little more about Adept.
It provides the full gamut of telecoms services from fixed line, mobile, data connectivity and cloud-based services.
But it does so without owning infrastructure – so it sources the best solutions at the lowest costs from existing providers, mixing up a cocktail of different services from competing suppliers.
So for example, a client might take its landlines via BT, calls with Vodafone, its data network from specialists Redcentric and might have a cloud based “inbound solution” provided by TalkTalk.
If this sounds like an administrative and organisational nightmare, then it’s not the way Adept does it.
Project management is at the heart of its offering (juggling the right balls and not dropping them, Fishwick describes it). Often it is a case of flicking a virtual switch to turn a service on, or at worst hiring BT’s Openreach to make the connection.
Automation, meanwhile, is also a key element that ensures its sales staff are the highest earning in per head in the industry - £489,000 per employee, compared with a sector average of £168,000 or £250,000 for a top quartile provider.
This translates into industry-leading EBITDA margins that are six percentage points higher than Adept’s nearest rivals.
Two impressive facts emerge from the company’s recent prelims – first is that underlying profitability has grown for the last decade, as have those EBITDA margins.
In the last year that was done against the backdrop of a 4.4% fall in revenues, which was largely the result of an OFCOM diktat on mobile call charges.
Organic growth will be driven by those opportunities to cross-sell – 46% of revenues already come from customers taking three or more products from Adept; but there is room for improvement. This has been helped by targeting larger companies.
The public sector also presents a huge growth opportunity – and the company is gaining some major traction in this arena.
This is helped by the fact that it is one of a small number of companies approved to sell data connectivity to UK colleges and universities.
This was key to landing a significant contract with Southampton University.
Adept is also the sole recommended supplier of calls, lines and broadband to the public sector and registered charities in the UK.
This is done under what’s known as a government ‘framework’ for procurement.
“We soon realised we were recommended supplier rather than being mandated,” explained Fishwick.
“This means councils can still go out and do their own tender.
“Our job is to say, ‘you know you don’t have to go through this whole hassle. We are pre-approved, pre-agreed. You can just move to this straight away’.”
In fact the company has gained significant early traction with local authorities, landing three significant contracts in the early months of this framework.
“We are not prepared after a fantastic three months to extrapolate this. But it is a stunningly good start to the year,” said CEO Fishwick.
The company has grown historically through acquisitions, having completed 17 to date. The continued strong cash generation means the company can return to the acquisition trail, albeit at a modest level.
In business telecoms, the market is made up of 700 small communication providers (compared with a handful in the residential market) and at around £20mln, Adept is one of the larger players.
As chairman Roger Wilson points out, there are always opportunities to acquire companies. “The deal flow is there,” he revealed. “At any one time there is always someone retiring or getting divorced that presents an opportunity.”
Of course, it is then about doing these deals at the right price to add value.
Given the fragmented state of the market, providing opportunities for the handful of big fish, it is unlikely the predator will become prey.
But given the shareholding structure (management owns over 40%), the current board has a strong say in the company’s destiny. “We’re not vulnerable to an aggressive takeover. If it made sense, then okay,” said Fishwick.
In the meantime, there is plenty of scope to grow the business – and that share price. “If we want to increase the dividends further there is still more than enough money to do that and do some small acquisitions,” the Adept chief executive said.
“You certainly aren’t getting a great return by keeping it in the bank.”
By Ian Lyall July 26 2013, 11:15am Adept provides the full gamut of telecoms services from fixed line, mobile, data connectivity and cloud-based servicesAdept provides the full gamut of telecoms services from fixed line, mobile, data connectivity and cloud-based services
Adept Telecom’s (LON:ADT) share price has enjoyed a spectacular run since paying a maiden dividend in April last year.
It might have been a nominal payout, but its impact was significant in alerting the market to the company’s rude financial health.
Its debts, which peaked in 2008 at £12.3mln, are now just under £3.3mln, or less than one times earnings before interest tax and depreciation.
Not only does this reveal a very disciplined approach to paying off those liabilities, but it underlines the business’s ability to generate significant cash.
An interesting fact emerges from the company’s recent results presentation regarding the debt. The amount saved in interest payments last year (£240,000) allowed it to increase the dividend 200% (at a cost of £210,000).
“For a lot of time the market hasn’t understood we are in very safe territory so far as the debt is concerned,” said chief executive Ian Fishwick.
“We paid a maiden dividend of half a penny last year and this was to say to the market, ‘are you listening’.”
“Judging from the share price the market was – we were the fastest rising telco last year and this.”
In the last 15 months the shares have gone orbital, shifting from 35 pence in April 2012 to over £1.
But even at these levels this still puts the group on a fairly reasonable price to earnings ratio of 9.3x (adj EPS) which is at the lower rung of the valuation scale of this particular industry. And there is an argument that it should be on multiples closer to the sector leader.
To understand why this may be the case, you need to know a little more about Adept.
It provides the full gamut of telecoms services from fixed line, mobile, data connectivity and cloud-based services.
But it does so without owning infrastructure – so it sources the best solutions at the lowest costs from existing providers, mixing up a cocktail of different services from competing suppliers.
So for example, a client might take its landlines via BT, calls with Vodafone, its data network from specialists Redcentric and might have a cloud based “inbound solution” provided by TalkTalk.
If this sounds like an administrative and organisational nightmare, then it’s not the way Adept does it.
Project management is at the heart of its offering (juggling the right balls and not dropping them, Fishwick describes it). Often it is a case of flicking a virtual switch to turn a service on, or at worst hiring BT’s Openreach to make the connection.
Automation, meanwhile, is also a key element that ensures its sales staff are the highest earning in per head in the industry - £489,000 per employee, compared with a sector average of £168,000 or £250,000 for a top quartile provider.
This translates into industry-leading EBITDA margins that are six percentage points higher than Adept’s nearest rivals.
Two impressive facts emerge from the company’s recent prelims – first is that underlying profitability has grown for the last decade, as have those EBITDA margins.
In the last year that was done against the backdrop of a 4.4% fall in revenues, which was largely the result of an OFCOM diktat on mobile call charges.
Organic growth will be driven by those opportunities to cross-sell – 46% of revenues already come from customers taking three or more products from Adept; but there is room for improvement. This has been helped by targeting larger companies.
The public sector also presents a huge growth opportunity – and the company is gaining some major traction in this arena.
This is helped by the fact that it is one of a small number of companies approved to sell data connectivity to UK colleges and universities.
This was key to landing a significant contract with Southampton University.
Adept is also the sole recommended supplier of calls, lines and broadband to the public sector and registered charities in the UK.
This is done under what’s known as a government ‘framework’ for procurement.
“We soon realised we were recommended supplier rather than being mandated,” explained Fishwick.
“This means councils can still go out and do their own tender.
“Our job is to say, ‘you know you don’t have to go through this whole hassle. We are pre-approved, pre-agreed. You can just move to this straight away’.”
In fact the company has gained significant early traction with local authorities, landing three significant contracts in the early months of this framework.
“We are not prepared after a fantastic three months to extrapolate this. But it is a stunningly good start to the year,” said CEO Fishwick.
The company has grown historically through acquisitions, having completed 17 to date. The continued strong cash generation means the company can return to the acquisition trail, albeit at a modest level.
In business telecoms, the market is made up of 700 small communication providers (compared with a handful in the residential market) and at around £20mln, Adept is one of the larger players.
As chairman Roger Wilson points out, there are always opportunities to acquire companies. “The deal flow is there,” he revealed. “At any one time there is always someone retiring or getting divorced that presents an opportunity.”
Of course, it is then about doing these deals at the right price to add value.
Given the fragmented state of the market, providing opportunities for the handful of big fish, it is unlikely the predator will become prey.
But given the shareholding structure (management owns over 40%), the current board has a strong say in the company’s destiny. “We’re not vulnerable to an aggressive takeover. If it made sense, then okay,” said Fishwick.
In the meantime, there is plenty of scope to grow the business – and that share price. “If we want to increase the dividends further there is still more than enough money to do that and do some small acquisitions,” the Adept chief executive said.
“You certainly aren’t getting a great return by keeping it in the bank.”
dreamcatcher
- 28 Jul 2013 17:13
- 5 of 85
Potential acquisition
RNS
RNS Number : 2369K
AdEPT Telecom plc
26 July 2013
AdEPT Telecom plc
("AdEPT Telecom" or the "Company")
Potential Acquisition
AdEPT Telecom, one of the UK's leading independent providers of voice and data telecommunications solutions, announces that it is in advanced discussions to acquire approximately 3,000 business customer contracts for an initial cash consideration of approximately £2m. Further consideration of approximately £0.5m in cash may be payable based upon performance of the contracts post-acquisition.
It is anticipated that the transaction will be completed during the next few weeks but there can be no certainty that completion will occur.
Annualised revenue and EBITDA attributable to the contracts is anticipated to be approximately £1.8 million and £0.6 million respectively.
The total cash consideration would be funded out of AdEPT Telecom's existing bank facilities.
A further announcement will be made, as appropriate.
dreamcatcher
- 28 Jul 2013 21:07
- 6 of 85
AdEPT Telecom has 'lots of scope to increase dividend'
By Proactive Investors July 12 2013, 8:33am
Roger Wilson, Chairman of Adept Telecom (LON:ADT), tells Proactiveinvestors that the company is generating lots of cash and as a consequence has lots of scope to raise the dividend and have lots of cash for acquisitions. Roger says that the company continues to focus on margin and customer base improvements.
http://www.proactiveinvestors.co.uk/companies/stocktube/2094/adept-telecom-has-lots-of-scope-to-increase-dividend--2094.html
By Proactive Investors July 12 2013, 8:33am
Roger Wilson, Chairman of Adept Telecom (LON:ADT), tells Proactiveinvestors that the company is generating lots of cash and as a consequence has lots of scope to raise the dividend and have lots of cash for acquisitions. Roger says that the company continues to focus on margin and customer base improvements.
http://www.proactiveinvestors.co.uk/companies/stocktube/2094/adept-telecom-has-lots-of-scope-to-increase-dividend--2094.html
dreamcatcher
- 29 Jul 2013 16:14
- 7 of 85
Up 21% :-))
dreamcatcher
- 29 Jul 2013 16:20
- 8 of 85
Broker Round-up II: AdEPT Telecom, Allocate Software, Horizonte Minerals
By Jamie Nimmo
July 29 2013, 3:57pm
Northland Capital’s 115p target price on AdEPT Telecom (LON:ADT) already looks outdated, even though it would have meant a healthy return from investing in the AIM-listed telecoms company.
On Friday, the company revealed it is in advanced talks to buy around 3,000 business customer contracts for around £2mln, with a further £500,000 payable if the contracts do well.
The shares jumped 27p to 137p each today, which means the broker will have to revise its target price again if it is to keep its ‘buy’ rating.
Its share price has enjoyed a spectacular run since paying a maiden dividend in April last year.
It is thought the contracts will contribute £1.8mln in annualised revenues and £600,000 in underlying earnings (EBITDA) to the group.
dreamcatcher
- 29 Jul 2013 16:39
- 9 of 85
AdEPT Telcom shares surge again as Northland keeps 'buy' stance
By Giles Gwinnett July 29 2013, 1:10pm Shares in the telecoms group rose again on MondayShares in the telecoms group rose again on Monday
Broker Northland repeated its 'buy' rating on AIM-listed telecoms company AdEPT Telecom (LON:ADT) following Friday's news of a potential acquisition.
Shares in the telecoms group rose again on Monday, lifting nearly 23%, continuing the share's spectacular run over the past year, which has seen it more than double in value.
On Friday, shares advanced after it revealed it was in advanced talks to buy around 3,000 business customer contracts.
Although not certain to occur, the acquisition is expected to set the company back £2mln initially, with an extra £500,000 payable in cash based on the performance of the contracts after the deal.
It is thought the contracts will contribute £1.8mln in annualised revenues and £600,000 in underlying earnings (EBITDA) to the group.
The broker kept its 115p price target for the shares unchanged.
By Giles Gwinnett July 29 2013, 1:10pm Shares in the telecoms group rose again on MondayShares in the telecoms group rose again on Monday
Broker Northland repeated its 'buy' rating on AIM-listed telecoms company AdEPT Telecom (LON:ADT) following Friday's news of a potential acquisition.
Shares in the telecoms group rose again on Monday, lifting nearly 23%, continuing the share's spectacular run over the past year, which has seen it more than double in value.
On Friday, shares advanced after it revealed it was in advanced talks to buy around 3,000 business customer contracts.
Although not certain to occur, the acquisition is expected to set the company back £2mln initially, with an extra £500,000 payable in cash based on the performance of the contracts after the deal.
It is thought the contracts will contribute £1.8mln in annualised revenues and £600,000 in underlying earnings (EBITDA) to the group.
The broker kept its 115p price target for the shares unchanged.
goldfinger
- 29 Jul 2013 16:42
- 10 of 85
Well done here DC.
dreamcatcher
- 29 Jul 2013 16:44
- 11 of 85
Thanks gf.
goldfinger
- 29 Jul 2013 16:46
- 12 of 85
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.
Drat drat ............and a final drat.
dreamcatcher
- 29 Jul 2013 16:48
- 13 of 85
I thought you we laying out on the sun bed in the rain/sun :-))
goldfinger
- 29 Jul 2013 17:10
- 14 of 85
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.
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.
dreamcatcher
- 29 Jul 2013 17:15
- 15 of 85
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.
dreamcatcher
- 31 Jul 2013 15:35
- 16 of 85
Still moving up.:-))
dreamcatcher
- 31 Jul 2013 17:05
- 17 of 85
dreamcatcher
- 01 Aug 2013 16:55
- 18 of 85
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:
dreamcatcher
- 02 Aug 2013 22:30
- 19 of 85
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
http://www.dailymail.co.uk/money/markets/article-2383447/SMALL-CAP-MOVERS-Summer-rush-sweeps-AIM-market-results-season-starts.html
dreamcatcher
- 06 Aug 2013 16:21
- 20 of 85
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:
dreamcatcher
- 06 Aug 2013 16:32
- 21 of 85
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
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
dreamcatcher
- 06 Aug 2013 16:35
- 22 of 85
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
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
dreamcatcher
- 13 Sep 2013 20:01
- 23 of 85
Ex dividend Wed 18 Sept 0.75p
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