Author Topic: ADVC - Advant-e Corp.  (Read 23000 times)

aalexa1225

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Re: ADVC - Advant-e Corp.
« Reply #70 on: April 25, 2017, 07:43:29 AM »
Yeah... CEO owns 50%, so as long as their is not a take under, things will work out okay.

I wish they were buying back shares, instead of paying dividends, but really great financials.

Everyone, email the CFO and express pleasure at results, but ask for a shareholder letter or something.

AOA


KJP

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Re: ADVC - Advant-e Corp.
« Reply #71 on: October 04, 2017, 09:45:42 AM »
Has there been some news today?  I managed to get an order filled to sell at $7, but I'm wondering if I'm the rube.

KJP

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Re: ADVC - Advant-e Corp.
« Reply #72 on: January 25, 2018, 07:46:33 AM »
Looks like a $0.40/share dividend was declared yesterday.

KJP

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Re: ADVC - Advant-e Corp.
« Reply #73 on: April 17, 2018, 07:13:20 AM »
The annual report is out.  Revenue ($12.8 million) and EBIT ($4.4 million) were essentially flat for the year.  After accounting for the dividend paid earlier this calendar year, the company has about $7 million in net cash.

5.8 million shares at $5.65/share = market cap of $32.8 million.  If the new normal tax rate is 25% and the company can keep all of the tax savings, run-rate net income is ~$3.3 million, for a p/e of about 10, and an ex-cash p/e of about 8.  EV/EBIT = 6.

At the historical payout ratio, 2018 annual dividend should be around 0.45 - 0.50/share.

KJP

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Re: ADVC - Advant-e Corp.
« Reply #74 on: July 30, 2018, 04:26:21 AM »
Here's a recent VIC writeup:  https://www.valueinvestorsclub.com/idea/ADVANT-E_CORP/142356

Nothing really new in the writeup, but it does pull together the historical financials, which the company no longer reports to the SEC or OTCMarkets.

aalexa1225

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Re: ADVC - Advant-e Corp.
« Reply #75 on: August 08, 2018, 08:59:44 AM »
Very strong financially. Pays a 9% dividend. That is great.

I am not sure I totally trust the management, but sunlight is the best disinfectant!

portfolio14

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Re: ADVC - Advant-e Corp.
« Reply #76 on: August 09, 2018, 11:59:46 PM »
Hi KJP,

I don't have access to VIC. Any chance you can send me (john@portfolio14.com) a copy? Thanks
--
John


Here's a recent VIC writeup:  https://www.valueinvestorsclub.com/idea/ADVANT-E_CORP/142356

Nothing really new in the writeup, but it does pull together the historical financials, which the company no longer reports to the SEC or OTCMarkets.

portfolio14

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Re: ADVC - Advant-e Corp.
« Reply #77 on: August 10, 2018, 12:08:07 AM »
Very strong financially. Pays a 9% dividend. That is great.

I am not sure I totally trust the management, but sunlight is the best disinfectant!

I said this before. When the 50%+ controlling shareholder is willing share his fortune via 9% dividend, he is not there to screw his long-term shareholders. He has every authority and incentive to stop dividends and cash out himself via salaries. But he doesn't.

Last time when he tried to reverse-split and cancelled it, you can tell he hated opportunists though.

Do you know ADVC's history, how the guy transformed the company from a Delphi-based desktop app developer to a cloud-based service?
« Last Edit: August 10, 2018, 06:08:52 AM by portfolio14 »

KJP

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Re: ADVC - Advant-e Corp.
« Reply #78 on: August 10, 2018, 03:45:56 AM »
Hi KJP,

I don't have access to VIC. Any chance you can send me (john@portfolio14.com) a copy? Thanks
--
John


Here's a recent VIC writeup:  https://www.valueinvestorsclub.com/idea/ADVANT-E_CORP/142356

Nothing really new in the writeup, but it does pull together the historical financials, which the company no longer reports to the SEC or OTCMarkets.

The VIC writeup is older than 45 days, so it's publicly available.  You just need to register with the website to access it.

portfolio14

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Re: ADVC - Advant-e Corp.
« Reply #79 on: August 10, 2018, 06:12:25 AM »
Hi KJP,

I don't have access to VIC. Any chance you can send me (john@portfolio14.com) a copy? Thanks
--
John


Here's a recent VIC writeup:  https://www.valueinvestorsclub.com/idea/ADVANT-E_CORP/142356

Nothing really new in the writeup, but it does pull together the historical financials, which the company no longer reports to the SEC or OTCMarkets.

The VIC writeup is older than 45 days, so it's publicly available.  You just need to register with the website to access it.

Thanks!