How to make your money go further
AdEPT Telecom (AIM:ADT)
Leading independent provider of managed services for IT, unified communications, connectivity and voice solutions
Mkt cap £94m
AGM Statement brings 15.3% increase to Interim Dividend
In the 6 months to the 30 September 2018, AdEPT made considerable progress in its strategy of further expanding its managed service and IT capability, with continuing geographical focus on London and the South East.
Proposed change of name to AdEPT Technology Group plc - more than 75% of revenues are now generated from managed services and IT
Interim dividend +15.3% to 4.90p and management unusually tells us that this will cost £1.1m – nice touch!
Company’s most recent acquisition in the IT space, Shift F7, is a highly accredited IT services provider offering highly specialised IT support services and technology solutions to more than 200 commercial mid-market customers. Acquisition was made part-way through the current financial year and it will only have two-month contribution to…
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