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Real-Time news about Gatekeeper (London Stock Exchange): 0 recent articles
|masurenguy: "Masurenguy - 11 Aug'08 - 554:Well the first step toward regaining credibility will be at thr H1 Interims next months. To be on track for a pretax profit of $4m in the current year they will need to post H1 sales of circa $12.5m and a pretax of at least $500k. If they can achieve that then their current year forecast would appear to be more credible and sentiment might improve !"
Well sales came in at $1m lower and the pretax was minus $500k - so how credible is $4m for the full year - that now requires $4.5m in H2 compared to $1.5m in H2 last year before interest and currency gains !
The 20p tender offer has hardly had much positive effect on the share price either - just two transactions so far - a Sell of 20k @11p and a Buy of 1.5k @13p !|
|hugepants: The reason the share price doesnt reflect the value of the company is because they keep missing forecasts. Profit of at "least 7 cents" has now changed to "between 6 and 7" in the space of a few months. And theres still 4 and a half months of the year left so good chance profit will end up at 5-6 cents. They never seem to learn.
Shareholders may only end up getting 20p for 20% of their shares if everyone (excluding the majority shareholder) tenders their shares. A chance though that long termers wont take 20p so that should allow others to tender a higher percentage.|
|masurenguy: Yep - management credibility over last years performance shortfall is also an issue which is probably a significant factor in keeping the share price down.|
|scburbs: What more idiotic than they looked last year? (see below the drastic change in just two months) This years profit forecasts are good to see, but management have not done enough to earn the benefit of the doubt given last years failure. Therefore, I don't think the share price will react until the results are in the bag.
"Gatekeeper Systems, Inc
08 November 2007
Gatekeeper Systems, Inc.
('Gatekeeper' or 'the Company')
Gatekeeper Systems Inc., ('Gatekeeper') announces that it expects total revenues
for the current financial year ending 31 December 2007 to be in the range of
U$31.0 to U$32.0 million (compared to U$29.6 million in 2006). Net income is
expected to be in the range of U$2.2 to $2.5 million (compared to $2.4 million
"Gatekeeper Systems, Inc
18 January 2008
Gatekeeper Systems, Inc.
Gatekeeper Systems Inc., ('Gatekeeper') announces that for the full year ended
31 December 2007, total revenue is anticipated to be at least U$28.0 million
(compared to U$29.6 million in 2006). Net income is expected to be at least
U$1.0 million (compared to $2.4 million in 2006)."
They can be traded online. Unless they have changed policy, TDW were offering trades in this company. I was holding shares in GKR through them, although these have been sold and replaced by sb's.
I don't expect much of a share price move until the next results. If they deliver on their profit forecasts then it should be a very positive move. However, there recent track record on such forecasts is not great as you know!|
|hugepants: This is where we are.
At share price of 11.25p and 38.8M shares then market cap = £4.36M.
From results to year end December 2007:
earnings = $1.2M = £0.6M = 1.5p
Forecast for ye 2008 (see final results statement) = 3.5p
Net working capital = $11M = £5.5M = 14p
Cash $5.5M = £2.75M = 7p
NAV = £21M = £10.5M = 27p
But there have been post balance sheet events:
4.6M shares bought into treasury. Cost approx £0.6M
Then $2.5M (£1.25M) spent on 30% stake in small tech business.
Result of above is cash (and net liquid assets) reduced by £1.85M = 4.75p.
But if we assume results on track and profits equate to cash flow then we can add 1.75p for H1 which gives
Cash = 4p
Net liquid assets = 11p
But on top there is an investment worth 3.25p.
And forecast earnings of 3.5p.
Only a severe profit warning can justify current share price IMO.|
|hugepants: Share price heading back down into bonkers territory.|
|masurenguy: "Masurenguy - 14 Jan'08 - 15:18 - 449 of 454: Back on my Watchlist for 2008. Originally bought GKR at circa 35p two years ago and subsequently sold out at 51.5p last January. It looks like their 2007 performance will produce a very marginal increase in sales and income over the prior year. Current year PER will therefore be circa 9.5/10.0.........Still potential growth here but would like to see some turn in the share price before jumping back in here again."
Whoa.........net income will be down from $2.4 tp $1.0m !!!!
Only two months ago they put out a trading statement stating that Net Income would be in the range of $2.2m - $2.5m. How can it suddenly be almost 60% lower just 9 weeks later ? Furthermore just a bland statement is released out of the blue without any attempt to provide any explanation !
Management credibility now becomes a significant issue for me !|
|masurenguy: Back on my Watchlist for 2008. Originally bought GKR at circa 35p two years ago and subsequently sold out at 51.5p last January.
It looks like their 2007 performance will produce a very marginal increase in sales and income over the prior year. Current year PER will therefore be circa 9.5/10.0. Not undervalued in the current climate but probably now at the bottom of its share price range. New investment could be interesting since smart metering is a growth area and they should be able to leverage their existing retail customers.
Still potential growth here but would like to see some turn in the share price before jumping back in here again.|
Thanks for the comments.Sales + admin was 46.4% of sales in 04,41.1% in 05 and should fall on the sales increase so say a guess at 39%.I had gross margins at 50.9%,giving 11.9% 'income', so I can see up to 9c/share for the year.My conclusion is that as long as we get the H2 boost ( which from the history is likely) we'll be on a single figure P/E at 45p which gives room for further share price increases.
Gatekeeper share price data is direct from the London Stock Exchange