Market's view on Made Tech
Published on April 2024
- Made Tech was highlighted for a significant share price increase of 43% due to securing a £19.5 million contract with the Department for Levelling Up, Housing & Communities, continuing its partnership with the government.
- A stock watcher suggested the possibility of a management buyout at Made Tech, potentially at a significant premium.
- Concerns were mentioned regarding government budget cuts which could impact Made Tech’s revenue unless it acquires private sector clients.
- Discussions about the volume of trades indicated a strong buying day, with predictions of further increases following the close of trading.
- There was speculation about an impending re-rate of the stock due to a potential uptrend starting, with high trading volumes seen as flushing out stale bulls.
- Observations of afternoon trading suggested that dips were being bought, indicating continued investor interest and optimism for sustained stock price rally.