Bytes Technology Group PLC

J.P. Morgan initiates coverage of Bytes Technology Group with 'underweight' and sets a price target of 375 pence for December 2027, implying roughly 10% downside. The bank cites low engagement in AI infrastructure, a relatively small hardware business compared with peers, and risks from changed Microsoft incentive structures that could pressure short‑term growth and gross profit. J.P. Morgan expects Bytes' gross profit and operating profit for 2027–2029 to be about 2% below consensus; it also notes recent leadership changes at the company. » Mere på de.investing.com

Bytes Technology Group has set the exchange rate for the final dividend of 7.0 pence per share at 1 GBP = 21.90067 ZAR. South African shareholders will therefore receive 153.30469 cents per share gross, and 122.64375 cents per share after 20% withholding tax. The dividend was approved at the annual general meeting; payment date is 31 July 2026, record date is 17 July 2026. » Mere på de.investing.com

The Bytes Technologie Group reports an 11.5% revenue increase for the second half of 2026 amid margin pressure. Gross profit rose to £167.3m, but the gross margin fell from 7.8% to 7.1% and operating profit declined 4.6% to £62.7m. Cash conversion stood at a strong 105% and liquidity at £98.6m; the share price rose 1.7% after the release. For 2026/27 management forecasts a stable earnings per share of $0.3 and revenues of $301.89m and $333.02m. » Mere på de.investing.com