Share Name Share Symbol Market Type Share ISIN Share Description
Gresham Tech LSE:GHT London Ordinary Share GB0008808825 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 158.50p 155.00p 162.00p 158.50p 158.50p 158.50p 38,042.00 07:30:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 17.2 2.2 4.1 39.0 105.69

Gresham Tech Share Discussion Threads

Showing 11151 to 11175 of 11175 messages
Chat Pages: 447  446  445  444  443  442  441  440  439  438  437  436  Older
DateSubjectAuthorDiscuss
23/3/2017
09:29
DD agree that the share price is pretty much stuck where it is and further good news, remember we have had loads in the last few months, will be needed to move the share price In my view the 2018 forecasted figures.although I think extremely low ball, is having a big effect on the share price and holding it back. IF GHT are, as reported maxed out and going great guns, then more good news should be released soon.
gottafly
23/3/2017
08:39
Bearing in mind there are lots of sells going through at the bid price 155p so the selling pressure continues.... But our rising wedge is still intact, just. We need a meaningful RNS to break to the upside, we had a dip to 135p and recovered. However we really do need to start moving up soon.
double double
21/3/2017
17:47
If this was an end of year forecast for Dec 2017 then I think my number is still good maybe a tad low. LOL
4-10
21/3/2017
11:50
Looking at how the share price behaved last Dec/Jan, I think my 260p may straddle into Jan 2018 upon a TU. On that basis I will edit my end 2017 to 220p. 75p crazycanuck 199p jadeticl3 199.50p shytalk/gottafly 200p noble3r 200p richjp 207p inforprofit 220p double double 280p 4-10
double double
21/3/2017
11:12
Ok just a little reminder of our share price pricing predictions for GHT. At the close of 2016 - when we were making our predictions - the share price was 127.63p 175p crazycanuck 199p jadeticl3 199.50p shytalk/gottafly 200p noble3r 200p richjp 207p inforprofit 260p double double 280p 4-10 Anybody want to have a rethink?
schytalk
21/3/2017
11:09
This takeover talk is too fanciful for my liking. The story is only about CTC for the next year. Everything else produces very little income part from legacy. New Tier One wins in the US, more hedge fund CTC wins and producing strong cashflow is the story.
miti 1000
21/3/2017
10:48
Richjp, fair enough but I think this humble bulletin board does not have that kind of influence although I would be surprised if GHT did not monitor the contents. My concern with GHT remains, that there is a fantastic opportunity but can GHT make it happen. I believe that you were at the presentation so would have got a feel for the managements postion. Without first hand knowledge I remain of the view that things are a little too comfortable for GHT, the N1 forecasts seem to be on the low/modest side although apparently their brokers note is full of positive language. The trouble is when you aim low that tends to be what you get. I am sure GHT are very mindful of making the numbers after the fiasco that Errington presided over in 2014, this executive team thus far have a good but not exceptional record. For example, the 2016 numbers were only just achieved but if you look at the 2015 annual report that was exactly what was forecast - no over achievement - so delivery accomplished. If you look at the 2016 report, by comparison there appears to be an expected bonus level paid to the directors of 8% so I suspect the real internal targets are some 10% above those published, so in the ordinary course 2017 will be an over achievement year which makes the 2018 figures all the more strange. However, the sentiment on this bulletin board seems to suggest that 2017 will perhaps be the break through year - from Challenger to Champion is the aim for 2017, in which case the forecast will be of no consequence.
gottafly
21/3/2017
10:32
let me start a bulletin board, talking of take out price..... :-))) The instituitions that have stayed with Gresham over the decades could have sold out in the spike when the share price was around 300p+ for a while around 2003/2004 but chose not to. Then RTN failed but they still held on, perhaps like us investors here, they recongised there was an opportunity in this sector for automation and Gresham was best placed for this. I am sure the Board appreciate the support they have got over the decades from their investors. Gresham is a different beast now, I can see Gresham a bid target from next year as it sounds like Gresham will have a complete product suite, ever growing clients list, and a growing cash pile.
double double
21/3/2017
10:06
Gottafly, When I was making my post last night I thought to myself that I would not mind betting that you would ask me to name who I thought might be potential bidders. I am sorry but I do not want to encourage that kind of speculation. That is how bulletin board rumours start. My suggestions might be wrong anyway. The main point I was trying to make was that if a bid were to come along, which I hope does not happen at this point in time, there could be a number of potential bidders thus hopefully leading to a better take out price.
richjp
21/3/2017
08:13
From Tech Market View, interesting comment that Continental European sales have advanced strongly in the first part of 2017. Gresham Technologies building momentum logoFull year results today confirm the excellent progress over the past year. This newly-christened provider of real-time transaction control and data integrity solutions (formerly Gresham Computing) returned revenues up 16% to £17.2m and Adjusted EBITDA ahead by 41% to £3.8m. Central to the growth of Gresham Technologies is the Clareti Transaction Control (CTC) software which delivered 11 new customer wins throughout 2016, with revenues from this solution up 42% to £7.5m. Newly acquired C24 Technologies added £0.3m of revenues, bringing 35 new customers to the Group. Revenues elsewhere in the Group, from the legacy licensing and services business remained stable. The investment in sales and marketing over the past 2 years is paying off. In the US, the group had success in Financial Services, with a hedge fund becoming the first client for the cloud-delivered version of the Clareti solution, and growth in the asset management sector. In late 2016 a Tier-1 bank bought the CTC offering to support a major transformation of its data operations. The US looks as if it will be the source of significant growth. The Asia-Pac operation is currently focused on a Singaporean bank and on sales to and through ANZ. The UK business remains strong, with growth in the hedge fund and on-line trading sectors as well as growing momentum in insurance broking and now commodities trading. Continental European sales have also advanced strongly in the first part of 2017. The broad range of use cases for the CTC solution and the “stickiness221; of the solution can provide the management with substantial confidence in terms of growth and improved margin throughout 2017. The addition of C24 and the push to develop new applications to extend the capabilities of CTC should ensure further profitable progress, particularly in the financial services sector.
gottafly
21/3/2017
07:33
Sorry for the typo - Richjp - the request was for you to share some potential bidders who are presumably GHT competitors. Also from my experience sometimes a company is acquired to strangle the technology and remove a competitor.
gottafly
21/3/2017
06:39
Richmond thanks for the further insight to the presentation, seems BUT remains product and do not want a repeat of 2014. As regards an acquisition could you make those potential bidders please, it would be interesting to research exactly what they are up to in GHT's space.
schytalk
20/3/2017
20:25
I mentioned last week the share price was hanging and when that happens the share price usually retraces. We had a wobble and the share price dropped to 135p but has since recovered. The board seem confident on a step change in client wins this year. Perhaps that is why share price is holding so far. Agree, as current years figures firm up so will the share price and additionally i would not be suprised with an upgrade from N1 for 2018. Next TU should be in early so not long for confirmation of business so far.
double double
20/3/2017
19:59
As far as a takeover is concerned that is always a possibility although I do not think the company is mature enough to make that risk free for a bidder. When small companies are acquired key staff may leave even if they are given more cash in the short term. Existing major clients will have a relationship with senior GHT management which they will lose if GHT becomes part of a larger organisation. Ideally an acquiring company will want its acquisition to be of a maturity where the loss of key personnel and the loss of some customer relationships does not have a significant impact on the business. I do not think that GHT is at that stage yet. However if a bid did come then the directors have a legal obligation to look after the interests of the shareholders and can recommend that it not be accepted. It is the major shareholders that will decide of course and it would be up to the board to convince them that selling would not be in their best interests. The good news is that I can think of three companies of the top of my head, who would be interested in acquiring GHT and possibly more than that, so if a bid did come along there would hopefully be a competitive bidding situation, therefore a lowball bid would be unlikely to succeed.
richjp
20/3/2017
19:56
The N+1 Singer report which was given to those of us who attended the presentation last week is actually very positive. There are about four and a half pages of text plus some financial data. As inforprofit has said, the 2018 forecast is “measured̶1;. Ian M did not want to go into that but he did make the point that GHT had created too high a level of expectation in the past and that he did not want that to happen again. The way I interpreted things rightly or wrongly, is that management would have preferred a higher forecast for 2018 but did not want to challenge it because of the past history. I am in fact happy that it appears that the broker takes an independent view and nurdin, another poster here who also attended and who knows more about these things than I do, thinks that N+1 are generally conservative anyway. Those forecasts can obviously be reviewed as the year progresses and if we get a good half year and a good trading update in the autumn, which is something I said I would like to see at the meeting, I think they will be. The forecast PE ratio for 2018 based on the current share price of 160P is 21.8 which is not that demanding for a growing company. dd, you seems to know most about charting. The share price has stalled at about 160P. My understanding is that when a price gets stuck like that for some time, if it does not break through it will fall back as buyers think they might get a better opportunity. Also there will always be sellers for the following reasons: insititutions will top slice or readjust their holdings, shorter term holders who bought in a few months ago may take profits, looking at the shareholder list produced recently, as well as members of the Green family you also have Stephen Purchase who I believe was a past director. These people are of a certain age and may need to sell at regular intervals for their own lifestyle expenses. I think one or two might consider lowering their expectations for the share price in the short term. Six months ago I would have bitten someone’s arm off if I had been offered the share price where it is now. We should not get concerned if some selling occurs. I do believe the share price can progress later in the year and again early next year. I actually feel more confident about the share price at the current level than I did six months ago when it was around 90P, the reason being that I think the share price is now far more based on substance rather than speculation.
richjp
20/3/2017
10:57
Some interesting posts over the weekend. I would just like to comment on GHT as a potential acquisition target. I actually asked this point at the meeting and expressed my concern as regards a potential exposure and that low forecasts could put GHT in play but in play at a low price! This was noted (written down) but not directly commented on, just that the 2018 N1 forecast was 'measured' and that the directors job was to provide shareholder value. As previously stated, at the conclusion of the meeting when we were saying our goodbyes, IM stated his desire to produce a UK global financial services organisation, but can GHT maintain this independence, I have no doubts. The company slogan - Challenger to Champion 2017 - is however an encouraging statement of intent from the management team which of course is more than just the directors. Still it is all about shareholder value and if the price is good enough so be it! As my handle suggests I am looking for the best return as presumably is the case for all shareholders.
inforprofit
20/3/2017
09:11
Well something is happening the share price is a bit perky this morning. A few more pence and we are off to the races. Too early for any bid for us long term shareholders, however its forecast to have £10m cash next year so it is a sitting cash cow for someone.
double double
20/3/2017
09:05
Could GHT be an ACQUISITION TARGET. It would appear that the enlarged Misys D+H group will renew their attempts to list the UK company - follow the link to the article on FT.com. With Clarety Loan Control and the competition that this brings with Misys Loan IQ, could GHT have unwittingly put themselves into play and be the subject of a bid. The modest financial forecast for 2018 and the drag this puts on the share price would appear to encourage such a move. Anybody else think that this could happen. ------------------------------------- Misys close to deal to combine with rival DH Corp High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our T&Cs and Copyright Policy for more detail. Email [email protected]om to buy additional rights. https://www.ft.com/content/d6362488-2e39-3a00-bd87-999e5bc69aab
gottafly
20/3/2017
08:09
I have signed up for Google Alerts and it seems pretty simple. He is the first report an articlce from hxxp://breakingfinancenews.com. It came in over the weekend. The shares traded apppears to refer to Friday. I don't understand the 151.50 pricing (Friday it was 157.50) or the potential upside of .19%. Any thoughts anyone. ------------------------------- Cantor Fitzgerald announced Gresham Computing PLC (LON:GHT), renewing its target at 180.00GBX earlier today By Al Wild Updated: March 18, 2017 Having a price of 151.50GBX, Gresham Computing PLC (LON:GHT) traded 0.00% even on the day. With the last close up 22.96% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.04% over the same period. GHT has recorded a 50-day average of 157.70GBX and a two hundred day average of 128.09GBX. Trade Volume was down over the average, with 7,340 shares of GHT changing hands under the typical 57,110 Cantor Fitzgerald hold steady the target of Gresham Computing PLC (LON:GHT) at 180.00GBX reporting a potential upside of 0.19%. Recent Performance Chart Gresham Computing PLC (LON:GHT) Gresham Computing PLC has PE ratio of 40.38 with a one year low of 88.00GBX and a one year high of 169.00GBX and has a market capitalization of 0 GBX. -----------------------------
gottafly
18/3/2017
08:53
The GHT report really is a mine of information and it is worth noting the risk analysis section on page 14. There are seven risks noted - two risks have increased and one risk has deminished, four risks remain unchanged. Firstly, the positive risk movement, the risk that has deminished is 'Product and Service Delivery failures'. This seems to agree with the statement from the management (provided by Inprofit) that despite services utilisation of 100% GHT are not concerned about adding clients/business. Economic, international trade and market conditions risk has increased but there is very little that GHT can do about that, it is a market issue and not a GHT resolvable issue. However, regardless of market conditions I find it hard to believe that there not are ample opportunities for GHT products, perhaps more in an unstable market. The second increased risk is the most interesting and is directly under GHT control - Misdirected product, operational or strategic investments. The action item listed on this is :- ' The management team has been strengthened and centralised further, which provides greater control and efficiency to operations. Strong communication lines between the relevant stakeholders ensured through regular formal meetings and monthly reporting. The Board reviews and challenges all strategic investments. ' It is clear that new product development is always a risk, particularly servicing a new market, but GHT seem to have the controls in place and the technical excellance to deliver, hopefully the market knowledge also. Nothing is certain of course and I think this explains the low 2018 forecast. According to inprofit Ian Manocha described these figures as 'measured', one contributor described the N1 forecast as absurd. I have now come to the conclusion that the N1 2018 forecast is not N1 Singer being pessimistic, after all the wording in their note is very positive and apparently at variance with their numbers, but it is GHT BEING VERY PRUDENT. In my view this 'measured' approach comes directly from GHT and Ian Manocha. Essentially GHT have excluded any meaningful revenue from the new product offerings and based forecasts on the current product set only, these are therefore MINIMUMS. To me CLC (Loan Control) already looks like a winner but CDA (Data Accelerator) is at present an unknown. With GHT already 'rocking' and has been since the December wins then this could be a momentus year for GHT. My conclusion, despite my continued misgivings about N1 Singer (ok I don't like brokers much), is that GHT is a BUY. As always DYOR and read the GHT report in full.
gottafly
17/3/2017
14:49
Clareti Loan Control is one of the new products, I think this has great potential to replace the market leading product - Misys laon IQ - a mature product offering up for grabs? Just look at what MountStreet said as to why they have done the JV with Gresham. “ Our experience and research confirmed that there was nothing available on the market that would enable us to make a step change in service quality and process productivity Gresham shared our vision for technology enabled transformation of the industry and together we have delivered a solution that will enable us to manage a variety of loans, from single asset deals to large complex transactions, as well as entire performing and non-performing loan portfolios. This partnership is a differentiator for Mount Street in the competitive 3rd party servicing market”. Ravi Joseph , CEO, Mount Street This could prove a real winner and GHT intend to sell the solution directly to banks who do not wish to outsourse to Mount Street.
gottafly
17/3/2017
12:27
Gresham to improve communications. This was on the iii discussion board, looks like GHT are going to provide some kind of update/push service as regards press releases. It is also confirmation of their revised communications strategy. ---------------------------- Just received this following on from my email to them:- Thank you for the feedback. I do recognise that an email/subscription website service would be a very useful enhancement, and I am advocating for this to be implemented as early as possible. Regarding announcements, RNS is the method for regulatory disclosures only, as you are presumably aware. By contrast, where we have noteworthy news that does not give rise to a regulatory disclosure, we generally use website articles and/or press releases to communicate it. Clearly, website articles and press releases are issued at our discretion, although clearly it is important that we do so in a consistent way. I hope this helps.
gottafly
17/3/2017
11:32
Well the full report is up on the GHT website now, lots of nice pictures but yet more detail. hxxps://www.greshamtech.com/wp-content/uploads/2017/03/GreshamTechnologiesPlc_AR2016.pdf If you look at page 38, Remuneration Report, you will see that the executive directors have a bonus plan that would double their remuneration. There are minimum figures of remuneration (no bonus), maximum figures (100% bonus) but more importantly an expected section which shows a minimum bonus level of 8% (last year this was zero!). This means in my view that there is a higher confidence in 2017 than in 2016 and that logic to me would suggest that in reality the 2017 numbers are expected to be (a minimum) of 8% better than forecast. This would raise the N1 Singer 2017 forecast to revenue of 21.6 million (from 20.0), interestingly this would in itself make a nonsense of the 2018 forecast set at 21.5. In writing this note (I am no forcasting expert) it does seem strange that the N1 numbers are 'round numbers', £20 and £21.5 respectively. It looks to me like we can expect over performance (against the N1 numbers) in 2017 and this seems to be confirmed in the last note from Inforprofit where apparently GHT is 'rocking' (max utilisation of inplementation services) and that 2017 has had a positive start. As always DYOR but it does look like the forecast is on the prudent side.
gottafly
17/3/2017
10:24
I think we are getting confused between current and my observation over last few weeks when the price was around 155/165 mid at 160p.
double double
17/3/2017
09:56
dd sorry for my ignorance but how can you determine a buy trade. Surely there is a buyer and seller in any transaction and from what I can see it is always the sell price (i.e. the lower) that is displayed.
gottafly
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