Jump to content


Photo
* * * - - 1 votes

Adaptit Holdings (ADI)


  • Please log in to reply
117 replies to this topic

#1 Blackobar

Blackobar

    Newbie

  • Members
  • Pip
  • 46 posts

Posted 07 August 2018 - 07:44 PM

BullHunter "Poor" dividend policy is an understand statement, it's PATHETIC.
  • 1

#2 LiveInExcess

LiveInExcess

    Member

  • Members
  • PipPip
  • 56 posts

Posted 07 August 2018 - 10:11 AM

Thanks Bullhunter. We at our first line of defense 705, will be interesting to see if this holds, otherwise all the way back to original support zone between 580 and 640..... will be watching carefully as i may take a nibble.


Edited by LiveInExcess, 07 August 2018 - 10:12 AM.

  • 1

#3 Bullhunter

Bullhunter

    Master

  • Senior Member
  • PipPipPipPipPip
  • 983 posts
  • LocationNorthcliff

Posted 03 August 2018 - 03:01 PM

Market has not enjoyed the Trading Statement, HEPS maybe not as the market projected, i think market was looking for a 20-25% guidance on HEPS.

 

What effect has the share buyback had on the results if they were included?. Initially thought the reduction of shares would've improved the HEPS? The reduction of shares should've impacted EPS and HEPS?

 

Is my thinking correct here?

In theory,  the reduction of shares should've improved the HEPS. However, in reality this seldom results in an improved PE or share price. There are numerous examples of this, including Argent and Datatec who have recently bought back a significant number of their shares. In most cases, the directors think their share is undervalued when they are not, as in this case. Because of the poor dividend policy, the fair value of Adapt IT, at best, is R7.43. Increasing the dividend ratio would have a better impact on the share price. However, the directors are not there to manage the share price.


  • 1
Opportunities are made up easier than losses.

#4 LiveInExcess

LiveInExcess

    Member

  • Members
  • PipPip
  • 56 posts

Posted 03 August 2018 - 11:36 AM

Market has not enjoyed the Trading Statement, HEPS maybe not as the market projected, i think market was looking for a 20-25% guidance on HEPS.

 

What effect has the share buyback had on the results if they were included?. Initially thought the reduction of shares would've improved the HEPS? The reduction of shares should've impacted EPS and HEPS?

 

Is my thinking correct here?


  • 0

#5 orca

orca

    The Oracle

  • Senior Member
  • PipPipPipPipPipPipPipPip
  • 2,227 posts
  • LocationPortugal

Posted 01 March 2017 - 09:09 PM

Its a wait and see at this stage, still think there is some way to go before i make a move.......

I will stick it out as the results were not bad at all. The FX hit it hard as they have perhaps too much foreign exposure. I learned my lesson with PNC and sold it when the bad news came out and now I can kick my butt. So hang in there.


  • 0

I started here with nothing and still have most of it left.


#6 LiveInExcess

LiveInExcess

    Member

  • Members
  • PipPip
  • 56 posts

Posted 01 March 2017 - 04:25 PM

Its a wait and see at this stage, still think there is some way to go before i make a move.......


  • 0

#7 LiveInExcess

LiveInExcess

    Member

  • Members
  • PipPip
  • 56 posts

Posted 01 March 2017 - 04:10 PM

1195! Ouch...... Taking a bit of a beaten since the results.


  • 0

#8 orca

orca

    The Oracle

  • Senior Member
  • PipPipPipPipPipPipPipPip
  • 2,227 posts
  • LocationPortugal

Posted 09 November 2015 - 04:22 PM

Some profit taking now but that was expected after the huge gains.


  • 0

I started here with nothing and still have most of it left.


#9 Sugafoot

Sugafoot

    Advanced Member

  • Members
  • PipPipPip
  • 303 posts

Posted 09 November 2015 - 04:11 PM

Started to find its legs again in the last two months. In last three alone, up over 100c.<br /><br />A great company in the making and very defensive
  • 0

#10 orca

orca

    The Oracle

  • Senior Member
  • PipPipPipPipPipPipPipPip
  • 2,227 posts
  • LocationPortugal

Posted 17 August 2015 - 12:03 PM

According to Simon Brown, the PE of 25X is justified if you take the cash she has accumulated.

 

Seems the market has priced in these results after the Trading Statement. 


  • 0

I started here with nothing and still have most of it left.


#11 AJS

AJS

    Sage

  • Senior Member
  • PipPipPipPipPipPip
  • 1,971 posts
  • LocationJohannesburg

Posted 17 August 2015 - 07:37 AM

Decent set of results out! Looking good!

 

http://www.sharenet....817070500&seq=1


  • 0
"Trade what you see, not what you think"

#12 flexbender

flexbender

    Member

  • Junior Member
  • PipPip
  • 150 posts

Posted 29 July 2015 - 10:22 AM

Expensive, yes.

 

But this is my favourite company on the entire JSE at the moment. By far.

 

Growing year on year on year.

Focused growth on Africa.

Management tick all the boxes.

Properly diversified. Geographically and Sector.

Operating in the right industries.

Operating Margin at 14% (and improving yoy).

AND, my favourite, Cash flush!

 

A very pretty picture indeed.

Though at a PE of 20, you'll be paying to be apart of that picture.

However, for a business growing at 35%, it remains a share that I won't ever lose sleep about.

 

"My favorite holding period is forever."

- W Buffett

 

ADI is a buy-and-keep. And keep...

 

 


  • 0

#13 orca

orca

    The Oracle

  • Senior Member
  • PipPipPipPipPipPipPipPip
  • 2,227 posts
  • LocationPortugal

Posted 23 July 2015 - 11:24 PM

ADI has been one of the best performing stocks on the JSE. averaging around 380% pa over 5 years without divies reinvested.

Her high PE ratio will come down but her PE ratio cannot be considered as she has a large cash surplus that keeps carrying over from the previous years.

This cash surplus will keep her in good stead to carry on with acquisitions and follow on with her big brother's EOH model.

This is surely one to watch.

 


  • 1

I started here with nothing and still have most of it left.


#14 Bandido

Bandido

    Member

  • Validating
  • PipPip
  • 121 posts
  • LocationJhb

Posted 23 July 2015 - 07:57 PM

I got in at 7.40


  • 1

#15 LiveInExcess

LiveInExcess

    Member

  • Members
  • PipPip
  • 56 posts

Posted 23 July 2015 - 02:00 PM

Strong Trading update out today..... if you waited for it to bottom out at around R8.20 and got in.... you'd be :)

 

ADI Trading statement http://bit.ly/1DxuTgG


  • 1

#16 Shi

Shi

    Little Master

  • Senior Member
  • PipPipPipPip
  • 630 posts
  • LocationCape Town

Posted 12 February 2015 - 08:40 AM

http://www.moneyweb....a-top-performer


  • 0
“One day Alice came to a fork in the road and saw a Cheshire cat in a tree. Which road do I take? she asked. Where do you want to go? was his response. I don't know, Alice answered. Then, said the cat, it doesn't matter.” - Lewis Carroll

#17 flexbender

flexbender

    Member

  • Junior Member
  • PipPip
  • 150 posts

Posted 10 February 2015 - 10:35 AM

OK, who had 9:52:37 ??


Edited by flexbender, 10 February 2015 - 10:35 AM.

  • 0

#18 flexbender

flexbender

    Member

  • Junior Member
  • PipPip
  • 150 posts

Posted 10 February 2015 - 09:55 AM

 

Good trading update today!

 

Expected HEPS increase is still forecasted in a very wide range though. 23%-43%.

The actuals will show how they've really done in the interim period.

 

Keep in mind though that most their earnings come from the second half of the year...

 

 

36% it is.

Closer to the higher end of the original estimate so good news.

The real good news is in the full report though. Worth a read.

 

This moneyweb review paints a very pretty picture. R10 will be a significant milestone. Before COP?

http://today.moneywe...-02-09#continue

 

BACK to the front page you go...


  • 0

#19 Slickjoe

Slickjoe

    Newbie

  • Members
  • Pip
  • 15 posts

Posted 23 January 2015 - 03:15 PM

Keeps on ticking up. Solid returns. Also one of Deloitte's 2014 fastest growing IT companies in Africa. 


  • 0

#20 Sugafoot

Sugafoot

    Advanced Member

  • Members
  • PipPipPip
  • 303 posts

Posted 23 January 2015 - 02:38 PM

Muted reaction from the market though.<br />Last time I checked, it was half a % up.<br /><br />I like the company though and remain a long term holder. All the fundamentals are in place.
  • 0





Sponsored by Sharenet and VPSNine Linux VPS Hosting