AB Dynamics (ABDP)

Sector:

Engineering

Index:

FTSE AIM 100

   Trade now with Barclays Stockbrokers   Trade now with Barclays   Sponsored by Barclays Stockbrokers

2,490.00p
   
  • Change Today:
    100.00p
  • 52 Week High: 2,710.00
  • 52 Week Low: 1,153.32
  • Currency: UK Pounds
  • Shares Issued: 22.22m
  • Volume: 8,817
  • Market Cap: £553.28m
  • RiskGrade: 178

AB Dynamics shares jump as six-month profits double

By Alexander Bueso

Date: Wednesday 24 Apr 2019

LONDON (ShareCast) - (Sharecast News) - AB Dynamics nearly doubled its profits over the first half, even as it continued to expand its international footprint and invest for the future.
The manufacturer, which counts all 25 of the world's largest vehicle makers amongst the clients for its testing equipment, posted a 69% jump in first half sales to £25.8m.

That drove the company's profits before tax, but excluding share option costs, 95% higher to £6.4m for the six months ending on 28 February.

Significantly, the firm said improved manufacturing efficiency had resulted in lower lead times.

During the period, AB also set up its US subsidiary, in Detroit, and received planning permission for a new UK facility meant to increase its capacity to grow.

And in terms of the outlook, the order book remained "strong", providing management with "full visibility" for both fiscal year 2019 and 2020, the company said in a statement.

"The active safety market continues to grow and develop, supported by long term structural and regulatory growth drivers," said AB Dynamics chief James Routh.

Routh, who the company said brought with him "significant experience" within global engineering businesses and a track record including on M&A, joined the group in October 2018.

Net cash as of year-end stood at £18.9m, versus the £12.9m it had on had one year ago.

Cash flow from operations did however slip from £5.54m one year ago to £5.414 over the latest six-month stretch, mostly as a result of higher trade receivables and inventories.

Management announced a 10% hike in the company's interim dividend payout to 1.612p.

As of 0845 BST, shares of AB Dynamics were 8.64% higher to 2,075p, having hit a fresh 52-week high earlier.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

AB Dynamics Market Data

Currency UK Pounds
Share Price 2,490.00p
Change Today 100.00p
% Change 4.18 %
52 Week High 2,710.00
52 Week Low 1,153.32
Volume 8,817
Shares Issued 22.22m
Market Cap £553.28m
RiskGrade 178

AB Dynamics Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
97.53% below the market average97.53% below the market average97.53% below the market average97.53% below the market average97.53% below the market average
94.74% below the sector average94.74% below the sector average94.74% below the sector average94.74% below the sector average94.74% below the sector average
Price Trend
98.61% above the market average98.61% above the market average98.61% above the market average98.61% above the market average98.61% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
96.69% below the market average96.69% below the market average96.69% below the market average96.69% below the market average96.69% below the market average
75% below the sector average75% below the sector average75% below the sector average75% below the sector average75% below the sector average
Growth
91.28% above the market average91.28% above the market average91.28% above the market average91.28% above the market average91.28% above the market average
94.74% above the sector average94.74% above the sector average94.74% above the sector average94.74% above the sector average94.74% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

AB Dynamics Dividends

  Latest Previous
  Interim Final
Ex-Div 02-May-19 22-Nov-18
Paid 17-May-19 14-Dec-18
Amount 1.61p 2.20p

Trades for 23-Aug-2019

Time Volume / Share Price
16:35 31 @ 2,530.00p
16:09 47 @ 2,465.00p
15:35 100 @ 2,517.00p
14:00 33 @ 2,452.00p
14:00 2 @ 2,452.00p

AB Dynamics Key Personnel

COO Mat Hubbard
CEO James Routh

Top of Page