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AdvancedAdvT - Trading ahead of expectations - again

March 2026

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:
  • 150p
ADVT delivered a strong pre-close trading update for FY26 (to end February), with results ahead of expectations. Revenue reached £53m (up from £43.3m in FY25) and recurring revenue held steady at 80%, even after bolt-on acquisitions with lower recurring revenue profiles. EBITDA is at least £14.4m (vs FY25 £11.3m), implying margins >27%. Net cash stands at ~£96m, plus it owns 12m shares, worth ~£15m, in M&C Saatchi, which could be sold for future M&A. Stripping out net cash yields a free cash flow approaching 12%. Having been dragged down with the sector to 150p (market cap ~£206m, EV ~£110m), the shares look undervalued; buy. ...

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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.

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

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