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GTC Getech Group Plc

1.95
-0.20 (-9.30%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Getech Group Plc LSE:GTC London Ordinary Share GB00B0HZVP95 ORD 0.25P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.20 -9.30% 1.95 1,441,896 16:18:52
Bid Price Offer Price High Price Low Price Open Price
1.80 2.10 2.15 1.95 2.15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 5.07M -2.83M -0.0419 -0.47 1.45M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:41:31 O 250,000 2.20 GBX

Getech (GTC) Latest News

Getech (GTC) Discussions and Chat

Getech Forums and Chat

Date Time Title Posts
25/7/202422:08Getech-does anybody care?3,242
25/9/202307:20Getech - H2 Green - Hydrogen Storage1,633
06/4/202107:40Getech H2 Green 1
16/9/201013:26Dollars Arriving?-

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Getech (GTC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:41:322.20250,0005,500.00O
2024-07-26 15:29:172.089,040188.03O
2024-07-26 15:18:261.9340,000770.00O
2024-07-26 14:57:422.09140,2062,937.04O
2024-07-26 14:14:492.1023,000481.85O

Getech (GTC) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Getech Daily Update
Getech Group Plc is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker GTC. The last closing price for Getech was 2.15p.
Getech currently has 67,474,375 shares in issue. The market capitalisation of Getech is £1,315,750.
Getech has a price to earnings ratio (PE ratio) of -0.47.
This morning GTC shares opened at 2.15p
Posted at 01/7/2024 12:48 by 32campomar
Think the market makers are going to gradually walk this down Question is who on earth is advising the board ?They have known for months cash is tight. They should have been advised to go for a placing when the share price was nearer 10pInstead we get told in the results a placing may be needed when the share price is 5p. How did they expect the market to respond to that? The whole thing is a fiasco
Posted at 27/6/2024 09:06 by playful
They can't sell the property on a sale and rent back to a tenant like gtc so that's dead in the water.

The only option that guarantees a fair return for shareholders is voluntary liquidation before they double the shares in circulation.

The sale of the assets should return shareholders circa 3p.
Posted at 26/6/2024 22:03 by 32campomar
Investor presentation link from yesterday here so you can make an informed decision yourself on GTC https://youtu.be/GJQxzfXE7oA?si=xCPH2S8hvZPgDboh
Posted at 26/6/2024 09:30 by chrisdgb
We know the recent low was due to a significant forced seller creating an artificially low price. I do not believe that price and take a 50% discount should be used to come up with the raise price. Given where the price had been trading I think 4-5p price range would be an acceptable level for all parties......
Posted at 25/6/2024 14:06 by 32campomar
Apparently Richard Bennett claims In this morning's investor meeting the current share price is crazily cheap The only way I would consider buying back in would be if the CEO Richard Bennett & his chairman bought shares. If the share price is 'currently crazily cheap' what's stopping them ? We are not in a closed period anymore. Richard Bennett earns £250K. There's no excuse - unless of course deep down he knows full well there is going to be a damaging placing - despite him saying it's a last resort.
Posted at 25/6/2024 09:34 by 32campomar
Amazes me with the information openly available about a placing coming why people would buy in the knowledge the share price is likely to be cut in half
Posted at 24/6/2024 10:44 by mikejoseph
Again, I agree with 32campomar the shares wont rally because a fundraise is the only answer now.

Here's the problem; discounts are currently fierce, look across AIM, GTC will be lucky to get it away at a 50% discount. The share price is at 3p, which is an MCap of £2m; if they can raise at 1p (MCap of £700k)they will only be able to raise a small amount. This is the well known AIM death spiral.

I suspect Stuart Hawthorne thought this through very carefully

Mike
Posted at 21/6/2024 10:24 by mikejoseph
I totally agree with 32campomar:

"If they needed to raise they should have just done it months ago when they knew they might have to. Instead after the statement the whole world now know they have no money & will be seeking a placing. Which will no doubt be at a steep discount to where we are now!"

The problem here is that their nomad/broker will be able to raise more money at a lower share price and get more commission because they are incentivised by the size of the raise and not the share price...

Currently fundraising discounts are fierce.

We will also see the inevitable issuing of new options and repricing of the old options.

Mike
Posted at 29/2/2024 11:10 by 32campomar
GTC are doing exactly what Kobold are doing in America.
And look what’s happened to their share price over there.
Posted at 15/12/2023 14:27 by yump
Book5

You’ve got a GTC price list then ?

Don’t know what your motive is but you seem to be making things up with no evidence.

GTC’s original business was doing fine until O&G exploration tanked. Nothing to do with pricing. Nothing to do with local preference. Nothing known about whether GTC are losing out to competitors.

Even if it was the latter, for a business as small as GTC’s, the market is big enough to get a decent share.

You’ve made an assumption that GTC have nothing special to offer. That isn’t borne out by their previous O&G success or the current order book.

Fair enough if you just don’t believe any of it.
Getech share price data is direct from the London Stock Exchange

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