Market's view on Aptitude

Published on April 2024

  • The stock was perceived as undervalued based on past and recent performance, despite a wide spread.
  • Positive comments were made about a decent contract win and the stock’s upward trajectory being unnoticed.
  • Questions were raised about the investment case at the current price due to basic earnings per share only being 4-5p.
  • Discussions took place around the addressable market for Fynapse through Microsoft.
  • A significant amount of stake building was noticed, though the market seemed unaware.
  • Concerns were expressed about betting the farm on the Microsoft subscription model.
  • The sudden dismissal of the CEO raised questions about potential strategic and market issues.
  • A tech market view report highlighted Aptitude’s focus on growth around finance digitalisation.
  • The doubling of a hedge fund’s holding in the company was viewed positively.
  • Speculation about potential interest in the run up to the company’s results was discussed.
  • Aptitude was named the category award winner for IFRS 17 - Accounting Systems in Chartis 2023 RiskTech100® Report.
  • Negative comments were made about the spread.
  • A potential bid for the company was speculated upon.
  • The company was viewed as having good recovery potential, but the price-earnings ratio was considered high.
  • Long Path Partners’ acquisition of a 5% stake in the company was mentioned.
  • There were mixed views on the value of the stock, with some seeing it as reasonable and others expressing scepticism.
  • The purchase of shares by directors was noticed and interpreted as them seeing value in the stock.
  • Concern was expressed about how far the stock had fallen.
  • The stock was bought by a participant who saw value in it.
  • Questions were raised about the company’s potential Russian clientele.
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