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Results: ADT

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EPIC ADT
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AdEPT Technology – decent interims and “a strong pipeline of opportunities”, Buy

Technology managed services group AdEPT (ADT) has announced its results for its half-year ended 30th September 2022 and that “whilst headwinds remain… the group has made good strategic progress and there remains a strong pipeline of opportunities”. This follows a half-year adjusted profit of £3 million and earnings per share of 12.1p on revenue slightly down to £34.2 million.

EPIC ADT
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Buy AdEPT Technology

Shares in UK provider of managed services “for cloud, digital platforms, unified communications, and connectivity solutions” AdEPT Technology Group (ADT) have fallen from above 290p as recently as September and have recently stabilised at around a 190p offer price.  This is a good stock unfairly sold off amid market wobbles. We a short term bounce to 250p on the cards.  This is a buy for a quick 30% gain.

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