Getech Share Discussion Threads

[pugugly] 20/12/2015 16:57

WHI House broker and Nomad -
? could there be any knock on from



Unlikely but any thoughts ?

[discodave4] 18/12/2015 20:38

Net cash is more like £3.7m as they have £1m of borrowings. There is also the deferred consideration for ERCL to consider IMV.Net tangible asset value 13p, NAV 28p.Still think forecasts are conservative @ eps 1.7p but who can predict what will happen to poo over the next year or so.GLDD

[rcturner2] 18/12/2015 19:50

Well the last set of accounts showed £4.7m of cash and the market cap is £7.9m so the business is valued at £3.2m, which seems very small to me.

[discodave4] 18/12/2015 19:41

RCT2"Given the cash balance, the business is valued at a tiny amount,"Can you expand on this please.ThanksDD

[rcturner2] 18/12/2015 16:59

zoo, fair point

it'll all come out in the wash

the business is virtually valued at nil, which I find hard to imagine

I like the director buys, I can see where this goes from here

I won't average down, but if this gives some promise going forward I will increase my stake at higher prices

[zoolook] 18/12/2015 15:13

You've changed your tune

[rcturner2] 18/12/2015 14:34

I have had a nibble today for 20k shares, had no trouble getting a price.

Given the cash balance, the business is valued at a tiny amount, which either means the market has mispriced this badly, or there is serious trouble ahead.

[yump] 17/12/2015 09:45

fwiw I think there will be plenty of time to buy at these sorts of prices, as even if its near the bottom, its difficult to see what could happen to make it start rising quickly, other than a sudden large contract, which seems unlikely at the moment.

It won't just do better with an oil price bounce, it depends on what the balance of their potential customers think about future oil supply levels and that's quite difficult to get a handle on, although there are plenty of pundits commentating.

Perhaps it will be one of those saucer bottoms that are talked about.

I plan to get some, its just a question of assessing when the gloom has reached its maximum.

[discodave4] 17/12/2015 09:04

Yes thanks, the topic has moved on since then! :)GLDD

[rcturner2] 17/12/2015 08:25

Back on topic, does anyone have any broker predictions for 2016 revenue and profit?

[discodave4] 17/12/2015 08:16

Try train spotting, or stamp collecting, or stacking shelves AR Asda.GLDD

[yump] 17/12/2015 00:04

DD

I could buy perhaps. This whole buy low sell high thing is extremely confusing. People seem to get very excited about buying when prices are rising, but not when they've fallen, but then they go off and come back with pile of clothes from the latest sale.

My wife seems to have the hang of it. When the world was about to meltdown in 2003, she rashly bought some expensive shoes and a big chunk of a 250 tracker.

[discodave4] 16/12/2015 19:08

YumpDo something else!.Good Luck with that.DD

[discodave4] 16/12/2015 19:04

TMFMaynI included an estimate for a full years income from ERCL, not just the £936k (or whatever it was) for just 3 months as per FY15.Only including the 3 months I still get £94k pa per employee (75 employees GTC and 26 employees ERCL).DD

[yump] 16/12/2015 17:05

Erm... because of the prediction of a drawn out oil price slump... ?

Always makes me laugh the overshoot on everything.

I can remember just before gold peaked it was a 'great investment'.
As was buy-to-let near the peak of the boom.

and of course buying shares in 1998, 2003 or 2008 was a total disaster as the market had plummetted.

At the moment, the whole oil sector is cloaked in gloom.

Now then, what to do.... ?

Sell I reckon ;-)

[tmfmayn] 16/12/2015 14:55

My sums say revenue per head for 2015 was £86k, a fraction down on the £88k for 2014. For 2013, the figure was GTC's high at £114k per head. For comparison, the loss-making years of 2009 and 2010 saw revenue between £60k-£70k per head.

I suspect the new staff based in Henley are a tad more expensive than those based in Leeds.

Let's just hope none of the employees are twiddling their thumbs (or fingers) right now.

[discodave4] 16/12/2015 12:34

Yep until they realise it's the opposite if cut back too much!.

[rcturner2] 16/12/2015 09:48

Well DD as everyone in management knows, the easiest way to increase productivity per head is to reduce the number of staff.

[discodave4] 16/12/2015 09:42

What a stupid post this cretin bookbroker has posted:-"they should be slashing payroll numbers, you cannot afford to keep staff at their desk simply twiddling their fingers"Each employee generates on average over £100k pa of revenue, this is up on the previous year (2014) by about 15%. Average employee cost (salary, pension, etc) was about £42k pa. Not a bad return I'd say and efficiencies are improving.DD

[bookbroker] 16/12/2015 04:17

Wolfson needs to go, they should be slashing payroll numbers, you cannot afford to keep staff at their desk simply twiddling their fingers, Peter Stephens needs to tell management, he is one with much to lose here!