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GAMA Gamma Communications Plc

1,328.00
14.00 (1.07%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Gamma Communications Plc GAMA London Ordinary Share
  Price Change Price Change % Share Price Last Trade
14.00 1.07% 1,328.00 16:35:09
Open Price Low Price High Price Close Price Previous Close
1,316.00 1,296.00 1,332.00 1,328.00 1,314.00
more quote information »
Industry Sector
TECHNOLOGY HARDWARE & EQUIPMENT

Gamma Communications GAMA Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
05/09/2023InterimGBP0.05721/09/202322/09/202319/10/2023
21/03/2023FinalGBP0.101/06/202302/06/202322/06/2023
06/09/2022InterimGBP0.0522/09/202223/09/202220/10/2022
22/03/2022FinalGBP0.08801/06/202206/06/202223/06/2022
07/09/2021InterimGBP0.04423/09/202124/09/202121/10/2021
23/03/2021FinalGBP0.07803/06/202104/06/202124/06/2021
08/09/2020InterimGBP0.03924/09/202025/09/202022/10/2020
17/03/2020FinalGBP0.0728/05/202029/05/202018/06/2020
03/09/2019InterimGBP0.03526/09/201927/09/201924/10/2019
12/03/2019FinalGBP0.06230/05/201931/05/201920/06/2019

Top Dividend Posts

Top Posts
Posted at 07/4/2024 10:07 by wad collector
Tipped as a BUY in IC @1349p FWIW.
Although the PhoneLine+ net growth has been slow, only 12000 customers out of 1M total GAMA customers, this is partly as the existing landline providers have kept the service running for now, and GAMA say the growth will be steady not rapid. They quote the Peel Hunt broker note and point out the asset light software makes it good at generating cash as the numbers rise and PH predicts 88.5P eps for 2025 would give P/E of 16 , low for a software company.
Their last opinion on GAMA was a BUY in Sep23 and they were right as it was 1083p then.
Posted at 26/3/2024 07:18 by tole
https://citywire.com/funds-insider/news/expert-view-rolls-royce-entain-virgin-wines-pennon-gamma/Market underestimating Gamma, argues Peel HuntThe market is failing to reflect the potential at Gamma Communications (GAMA) despite another year of growth, says Peel Hunt.Analyst James Lockyer reiterated his 'buy' recommendation and increased the target price from £13.80 to £16.50 on the telecoms group, which rose 0.7% to £13.60 on Monday.Full-year 2023 results were in line with expectations, with earnings up 9%, ahead of the 8% rise in revenues thanks to operational leverage. Following acquisitions, Lockyer increased full-year 2024 and 2025 revenues by 1% and earnings by 3% and 4%, respectively.'At 9.7 times full-year 2024 embedded value to [pre-tax profits], we think the market fails to reflect the growth potential and profitability Gamma has to offer versus peers,' he said.'Another encouraging year of growth and significant cash generation leave Gamma with £13m of net cash in the bank.'Lockyer said the £35m buyback presents a 'shrewd allocation of capital given the current valuations, but the priority remains investing in organic growth and acquisitive activity to bolster exposure in underpenetrated markets.'
Posted at 10/2/2024 19:50 by tole
Patience will be a virtue for investors in these two smaller companiesQuestor Inheritance Tax Portfolio: sooner or later sentiment will turn in their favour of these two Aim stocksRobert Stephens9 February 2024 • 6:00am 1Investing in shares is at times a very frustrating experience. An investor can do all of the right things, such as buying high-quality companies that go on to deliver strong financial performance, but still fail to generate large profits on their holdings for sustained periods.This situation is likely to resonate with investors in British shares, and especially those who own stakes in smaller companies, which have become extremely unpopular since the FTSE Aim All-Share index soared to a 20-year high in September 2021.The index has subsequently fallen by around 43pc. Judging by the downbeat outlook currently adopted by most investors, a return to the heady days of plentiful capital growth seems highly unlikely in the short run.Aim All-share performanceFrom 11 Feb '19 to 8 Feb 13:16:5720202021202220232024-40.0%-20.0%0.0%20%40%? AIM All-Share: 905.4 ? 753.4-16.8%In Questor's view, investors in smaller companies must accept their limitations. There is little they can do except ensure that their current holdings are financially sound, performing well and still offer fair value for money, as well as force themselves to be patient. After all, history suggests that underperforming high-quality stocks are only ever a temporary phenomenon.For example, Gamma Communications, a holding in our Inheritance Tax Portfolio, trades at the same level as in May 2019.Although the telecoms company's shares are 87pc higher since their addition to our IHT portfolio in January 2018, and have therefore vastly outperformed the FTSE Aim All-Share index's 30pc decline, all of their capital growth essentially came in the first 16 months of our notional ownership.Gamma key factsMarket value: £1.2bnTurnover (Dec 2022): £485mPre-tax profits (Dec 2022): £65mYield (Dec 2022): 1.3pcMost recent year's dividend: 15pNet debt (Dec 2022): £81m net cashReturn on capital (Dec 2022): 15pcCash conversion ratio (Dec 2022): 130pcp/e ratio (Dec 2022): 16.6The company's latest trading update, published last month, showed that it was performing in line with financial guidance that was upgraded at the time of its interim results in September. Those results showed a 9pc rise in revenue and a 12pc increase in pre-tax profits. Since then, the company has made two acquisitions and has the financial strength to engage in further M&A activity.It has net cash of £135m and strong cash flow further enhances its capacity to make purchases at a time when asset prices are depressed. It has also sought to improve efficiency by undertaking a restructuring that involves a combined management team for its Dutch and German businesses. And with its operations in Britain successfully mitigating high inflation through price rises, profit margins are relatively unchanged relative to the first half of the financial year.Gamma Communications share priceFrom 11 Feb '19 to 8 Feb 13:22:24202020212022202320240.0%50%100%150%200%? Gamma Communications PLC: 748.7 ? 1184.058.1%Trading at around 16 times forecast earnings, Gamma's shares are by no means cheap. There are countless smaller businesses whose lower valuations could tempt bargain-seeking investors. But the company's sound balance sheet and encouraging financial performance make it worthy of a premium valuation compared with riskier small-company rivals.While its share price performance over recent years has undoubtedly been frustrating, this column remains upbeat about its capacity to generate further capital growth over the long run. Questor says: hold Ticker: GAMA
Posted at 06/12/2023 17:55 by essentialinvestor
Can anyone provide an industry inside view on GAMA?.
Posted at 20/10/2023 13:43 by salpara111
I fully accept your argument, you can only work with the most recent update and their forward looking view. I don't expect to see GAMA at £15 in the near future I will be happy if I get another opportunity to exit around £12.
Posted at 22/9/2023 08:39 by senseibull
@Salpara - my opinion is that this share is moving into a dividend type from growth, so will be now stuck in a range for the longer term
Posted at 07/9/2023 10:04 by brucie5
Thanks Thorpematt, good forensic analysis. Stocko's algorithms appear to picked up its Quality attractions - at 99 - with no fewer than six screens passed.

Maybe they should be considering a special dividend to reward shareholders and alert others to the opportunity of buying their story at these levels?

For me, interested mainly, though not exclusively in dividends the story is mainly on the chart and break over 12 - though equally, someone did well to buy at 10 and hold.

What else do you see with similar potential?
Posted at 06/9/2023 20:52 by thorpematt
Brucie,
I used to subscribe to IC....but not anymore. Their summary for GAMA on the "free to access page" when I searched it looks about right (1.45% yeild).

What I see as more significant (when you see how low that is) is that this is despite them hiking it to the tune of a 5yr CAGR of over 12%.

When you drill down further you can see that it is covered more than 5x

That 12% divi growth is however dwarfed by the growth figures for book value, normalised earnings, revenues and profits, all of which have seeen CAGRs of around twice that of the divi growth.

Historic performance is of course NOT necessarily to be matched by future performance, but those numbers indicate significant room for error.

...which brings us nicely back to the IC - who (intermittently at least) is not immune to the odd significant error of its own (it would seem).
Posted at 06/9/2023 14:51 by brucie5
IC gives it a 5% dividend yield, is that right?
Posted at 05/9/2023 16:32 by thorpematt
EI

Looking at my notes on GAMA, one of the first notes I made was:

"... The only issues are it s not a circle of competence for me and that the divi payout is poor."

So I definitely cannot help you by way of a strong knowledge in their end markets BUT I am pretty confident that this is a high quality company, on the metrics I see as important...despite the lowly divi.

I liked the TS - looks all in order and contrasts the chart which looks like it priced in that it wasn't.

I have bought some more today as a consequence (I had what I regard as a half position previously bought at similar price.)

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