Quantcast AdEPT Telecom - a hidden gem? | Downing Strategic Micro
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AdEPT Telecom - a hidden gem?

22 August 2018
Downing DSM AdEPT

 

AdEPT is a great example of the type of strategic holding that we seek for our micro-cap, UK equity income and investment trust portfolios. Small and seemingly ignored by many investors in an unloved sector, the company displays many of the characteristics typical of our micro-cap wish list: progressive earnings growth, attractive free cash-flow yield, high recurring revenue and it pays a dividend.

 

This week, AdEPT announced the acquisition of the Shift 7 Group. Watch the video below to find out how AdEPT’s successful acquisition strategy has helped it grow from a small fixed-line telecoms operator to a leading provider of IT services. The company is also one of only four companies listed on AIM to grow earnings per share on a cumulative basis over almost 10 years*.

 

 

*Source: FactSet Universal Screening