|Its a shame they have confirmed they will not be announcing any further update anytime soon. Thank you for your effort. Next update end of Jan 2017 it is then, 3 months away.|
|I think Gresham have changed their information flow strategy. I think they were perhaps updating the market (perhaps?) too much, with every deal seemingly the subject of an RNS. New deals now are hopefully 'ordinary business' so I am actually encouraged by the lack of news, always assuming that Clareti sales continue to 'fly' as was stated by Bill Blythe.
The share price has moved up although I still think Gresham is undervalued. The C24 acquisition has been well received and looks a very shrewd move, doubles the target customer base and provides a 'wider' solution.
The change of name is to a degree some window dressing but it is also a statement of intent and is really aimed at investors who are more likely to understand Technologies rather than Telecomputing. in the market place the company is simply known as Gresham and I think will continue to be so.
Some patience is needed, as always, but I see no reason other than to be optimistic.|
|Please don't shoot the messenger but I would read that as they don't have any?
Why would they keep the secret.|
|I asked the company if they were close to giving us an update and they said there were no plans to give an update any time soon. Do you think November 17th is anytime soon?|
|I hope there will be a contract wins/company update RNS on 17 November before the general meeting.|
|Wow, what has caused this?|
|Well having read the presentation it does not seem to add very much to what we already know, that said we were not privy to the presenters dialogue which I am sure would have been more interesting. Although to be fair Gresham did do an RNS to say nothing material would be released.
This summary slide for Q4 objectives seems to have some merit.
Gresham Computing plc
Manage legacy revenues
Extend CTC usage in global customer base
Close additional Tier 1 “key customer” win(s)
Win further Clareti as Service sales
Break out in North America market
Build Clareti ARM pipeline in global transaction banks
Launch Clareti Loan Control
Prepare ground for Clareti Data Accelerator launch
Make a success of C24 integration
Look for further opportunity to scale on Gresham’s Group
business platform in 2017|
|Capital Markets Day presentation can be found on the Gresham website - hxxps://www.gresham-computing.com/wp-content/uploads/2016/10/GHT-CMD-051016.pdf
Enjoy the read.|
|The Drewster, you make an interesting point and presumably the cheapness is to do with the falling pound following the Brexit vote.
Since The majority of GHT earnings (75%?) will not be sterling then there is an added bonus for GHT, so really I reckon the share price should be 10p or so higher just because of the foreign nature of Claretti earnings.|
|US software companies must be running the rule over many "now very cheap" UK companies, and I'd be amazed if we weren't on more than one company's shopping list.
Time will tell. Happy to be long.|
I think you are correct about the continued rise in the share price and 150p could happen sooner than you think. We have the 125p level to get through (the somewhat disastrous 2014 placing level) which given the activity and news coming from CHT should not be a problem (fingers crossed).
I am looking forwards to the release of the information following the capital markets day, I think it will show a fascinating insight into how Clareti (and its derivatives) are developing to provide new solutions.|
|Hitting 52 week high again today. GHT has always traded on pe of 30+, this could trade around 150p by Jan/Feb if market is confident it will meet forecasts. Once 2016 is over and full confidence is restored we could be looking at 200p or more this time next year.
Some one here thought this could be 60p but its almost double that now.|
|And the good news keeps coming.
Gresham partners with Mount Street to deliver Clareti Loan Control
5 October 2016
New solution developed with leading loan servicer to disrupt complex debt servicing technology market
London, UK: 05 October 2016: Gresham, a leading provider of real-time financial transaction control and enterprise data integrity solutions, and Mount Street, a leading European commercial real estate loan servicer, today bring Clareti Loan Control to the market. The solution has been developed alongside Mount Street to drive efficiencies, accuracy and cost savings for its clients.
Clareti Loan Control, developed on the Clareti-as-a-Service cloud platform, offers superior data management, rich business process support and integrated reporting functionality. In a highly competitive commercial lending market, this ability to process complex loan structures quickly and correctly is crucial.
The solution handles different loan types and automatically generates rate setting notices, interest advice, payment instructions, audit responses and invoices. This combination allows the team at Mount Street to process more loans, delivering superior service and cost efficiencies to its customers.
Key differentiators include:
Scenario testing – add and remove properties and tenants, restructure leases, forecast capital expenditure and carry out income, expenditure and recovery analysis with accuracy
Cash distribution – customise cash distribution waterfalls that mirror underlying documentation to ensure the timely and accurate flow of funds
Compliance – covenant monitoring is pre-programmed at the onset and automatically tracked throughout the life of the loan
Data complexity – accommodates loan sales, syndications, interest rate amendments, maturity extensions, standstills and payment date alternations easily and without the need for manual intervention
Analysis and reporting – automated bespoke reporting capabilities gives Mount Street’s clients a best-in-class risk management tool
By supporting their complete end to end business processes, Clareti Loan Control enables Mount Street’s team of asset managers to increase their loan count by more than 50% by driving efficiencies and cost savings. This means they have more time to focus on client relationships and portfolio optimisation.
Ian Manocha, CEO, Gresham, comments, “Complex debt servicing processes within banks and 3rd party servicers such as Mount Street are not well supported by packaged software solutions and the barriers for new IT solutions to enter the market are high.
“Teaming up with Mount Street, who bring unparalleled real estate and debt management expertise, and leveraging Gresham’s award-winning platform and agile software development expertise has enabled us to create a class leading application that has the potential to transform the loan servicing market. This is a significant step forward for the servicing industry”.
Ravi Joseph , CEO, Mount Street, comments, “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”.|
It is from the Gresham web site and the press release on Sept 22 regarding the appointment of Jim Hannibal.
Bill Blythe, Global Business Development Director, Gresham says, “Jim has a proven track record in Sales Management and New Business Development and he knows the market inside out. Clareti sales are flying this year – his experience and leadership will be an enormous asset to Gresham as we expand our customer base of banks, asset managers and corporates across Europe.”|
|Thinking on selling my remaining holding into any further rise unless someone can convince me they will make full year numbers. Maybe the acquisition will help but I hope we dont loose clarity excuse the pun over the existing numbers as I would like to see what organic growth looks like.|
|This acquisition together with Bill Blythe's statement that 'Claretti sales are flying this year' would seem to indicate a very strong performance in the second half.
Where did you get that from Schtalk? Certainly no evidence of that in the H1 numbers.
The acquisition looks good but after such a dissapointing H1 which showed no growth over H2 prior year I wonder if we are getting a bit carried away.|
|Could it be that the 5% rise today on a down market is not only due to the public news releases over the past two days but that questions asked at the event today were answered so confidently that sentiment was improved. I know the company said that no new information would be available, but sometimes a nod is as good as a wink!
Did anybody out there attend today, or know somebody who did attend?|
|I am another one that is normally a bit sceptical about acquisitions but this one has obviously been well received by the market and it is encouraging to see that TechMarketView see the logic of it.
I think it's good to see that both Kestrel and Schroeders have taken a decent wedge in the placing. Also the fact that they are funding part of the acquisition out of cash suggests that they are confident in their cash flow situation|
|Sorry I just have raw numbers from Bloomberg terminal, no commentary.
Just as an anecdote I remember any old company adding Technologies at the end of their name to get share price racing in the tech bubble days. GHT missed that trick then!|
|hasinaforgcm - any chance you can post some more detail regarding the NSinger upgrade, presumably due to the C24 acquisition.|
|The name change is a tweak that I am sure is aimed at investors since in the marked GHT is known as Gresham, it got the Telecomputing name when Gresham Computing did a reverse takeover of Telecomputing which was an Oxford based outfit.
Still I suspect another small step in the right direction, guess it is easier to sell Technology rather than Telecomputing.
Onward and upward and I see the share price is moving higher again today.|
|Well Tintin at Nsinger has upgraded 2017 numbers and eps by 0.68p. But I am sure there will be further upgrade as results come in in the new year.|
|name change - good idea, sounds a more up to date and current company, rather than stuck in the 1990's|
|Will we get the opportunity to buy these new shares at below Market price?|
|I will post what I get from the Holway analyst report once I get it schytalk.|