Galasys PLC Share Discussion Threads

[supernumerary] 19/9/2016 16:50

RIP. Good luck to all holders.

[strange1] 07/9/2016 12:38

Legal costs to date of £2.4m are about what they raised at the IPO! End game......no listing on AIM and no cash.........good luck to anyone holding this

[supernumerary] 05/9/2016 16:52

Jeez - what an unholy mess. There seem to be proceedings in three separate jurisdictions. Is there anybody here who has the slightest clue wtf is going on?

[supernumerary] 18/8/2016 16:23

Suspended. But only temporarily. So they say.

I'm amazed it's taken so long - what on earth persuaded WHI to take this on in the first place? Wonder who'll step up to the plate next...

[strange1] 31/5/2016 14:27

My understanding was that they had said FY15 results announced in May..........not so much of May left by my calendar!If Galasys are effectively a far east version of ACSO, is there a possibility that they might, at some point, get a rating similar to ACSO's? That would give a potential share price of about 172p!! Any thoughts?

[supernumerary] 11/5/2016 23:18

Presumably the buys were to get the standstill party over 50%?

Why on earth has this load of old rubbish not been suspended?

[strange1] 07/4/2016 20:36

Why are they not reporting until May? Probably trying to work out who can legally sign the accounts

[the accountant] 05/4/2016 16:18

50,000 buy suggests you may be right !!

[supernumerary] 05/4/2016 10:42

And now it's going up again. Someone believes!

[chrisdgb] 04/2/2016 08:36

What exactly is the argument about..??

[supernumerary] 29/1/2016 15:58

I'm waiting for XenaWarriorPrincess to come and explain it all. I'm struggling to understand why they haven't been suspended.

[strange1] 29/1/2016 13:19

So if I follow this correctly.......cant decide who is legally on the BOD and cant decide which country has jurisdiction to rule on it....????

[pugugly] 04/11/2015 15:09

Court order !! Could this be shaping up to be yet another Chinese takeaway ??

[xenawarriorprincess] 07/9/2015 18:31

Also interesting today, 5 trades all day, 17K, 600, 50K, 75K, 17778 and they all appear to be sells.

The market doesn't appear to appreciate GLS.

But it still closed up!

[xenawarriorprincess] 07/9/2015 16:46

This in itself appears a relatively modest contract, circa £100k per annum, and is limited at present to facilitating ticketing sales.

However the potential appears quite significant as the park, officially titled "Shanghai Disney Resort", remains under construction and isn't even due to open until next Spring. As Proactive says this is a $5.5Bn development, so there should be potential for further add on contracts relating to the other facilities and software that Galasys offer, as we get closer to the official opening time.

This is what Wikipedia say



Perhaps it is the potential here, rather than the actual contract itself, which leads the CEO to describe it as "a significant step for Galasys".

It is also noteworthy that the park management company is owned 70% by Disney and 30% by Shanghai Shendi, and it is this company which manages the resort as a whole as well as the project to develop it. Perhaps that is another reason why Sean Seah is so upbeat as this contract gives a clear opening into the world of Disney.

This from Proactive Investor



"Galasys (LON:GLS) is to work with Disney associate Shanghai International Theme Park to develop a platform for third parties to sell admission tickets for its Parks and theatres.

Shanghai International Theme Park is the joint venture set up by the US theme Park and film giant to develop the US$5.5bn Shanghai Disney resort complex currently under construction.

Due to open early next year, Shanghai Disney will have six themed lands, a huge castle in the middle of one of the lands and two dedicated hotels.

Disney holds a 43% stake in Shanghai International Theme Park, with Chinese state owned investment company Shanghai Shendi owning 57%.

AIM-listed Galasys has signed a five –year contract to develop a software platform for third party ticket sales. It will license and customise its Cloud B2B system for use by travel agents and other third parties.

The contract will run for five years and has a total value of approximately RMB6.6mln (£660,000).

Sean Seah, Galasys’s chief executive, said: "This deal is a significant step for Galasys and bears testament of the standard of our products and services, further validating our ability to compete in international markets.”"

[phdboy] 07/9/2015 07:20

well another contract win this morning and a little research shows that shanghai international theme park is 43% owned by Walt Disney!

I'm awaiting HY results due any day now.

[xenawarriorprincess] 30/8/2015 19:20

This, of course, follows on from Dalian Wanda taking a stake in Atletico Madrid in January, lots of possible ticketing opportunities there.

The Times 21st January 2015

Leo Lewis Beijing

Last updated at 8:25AM, January 21 2015

Dalian Wanda, the shopping mall-to-speedboats business empire controlled by China’s second-richest man, is to buy a 20 per cent stake in Atlético Madrid - the champions of Spain’s La Liga premier football league.

The audacious purchase is part of Wanda’s increasingly broad and aggressive investment portfolio as the company attempts to wean its revenues off Chinese property and craft itself as a global entertainment titan with interests in sport, film, theme parks and luxury hotels.

The landmark €45 million (£34 million) Atlético Madrid deal, which was unveiled in Beijing today, makes Wanda the first Chinese company to invest in a top flight European football club. Despite their huge success on the pitch - the club also reached last year’s Champions League final - Atlético have run up debts of around €500 million.

Other football investments from China are now expected to follow over coming months. Wang Jianlin, Wanda’s billionaire president, said that the Atlético Madrid stake would not rule out large investments in other premier European clubs. Banking sources in Beijing told The Times that at least five top clubs in the English, Spanish and Italian leagues were now actively seeking to drum up either Chinese investors, or outright buyers.

Mr Wang, who used to be a heavy investor in China’s scandal-riddled football league, said that the deal would allow Atlético Madrid to establish football academies in China, and help raise the level of the domestic game.

But the deal represents a potentially much deeper Chinese investment in the city of Madrid. Last year, Wanda bought the magnificent Edificio Espania complex in the heart of the Spanish capital for €265 million. Wanda plans to convert the building into a combination of high-end hotel, shopping mall and luxury flats.

At Monday’s briefing, Mr Wang also announced that his company would funnel €3 billion into an unspecified “megadeal̶1; reportedly under discussion with Mariano Rajoy, the Spanish prime minister. “If you use the language of soccer - we have kicked the ball to the Spanish side,” said Mr Wang."

[xenawarriorprincess] 28/8/2015 18:56

Bearing in mind that Dalian Wanda is already a client of Galasys, its expansion into the US and Europe could give Galasys a major opening there.

The Times today -

"Dalian Wanda flexes muscles as it picks up Ironman for $650m

The purchase of the Ironman triathlon brand is the latest audacious move by Wang Jianlin, China's richest man Nikolai Linares/Getty Images

Alexandra Frean US Business Editor

Last updated at 12:01AM, August 28 2015

A leading Chinese cinema and shopping mall conglomerate has agreed to pay $650 million for the American company that owns the Ironman triathlon brand and races.

Dalian Wanda’s purchase is the latest audacious move by Wang Jianlin, its chief executive, to expand into global entertainment. In January it bought 20 per cent of Atlético Madrid football club.

Mr Wang, who was reported in June to be worth $37 billion and is China’s richest man, has said that he wants to make Wanda a brand “known by everyone in the world”. The company said last month that it planned to make six acquisitions in the second half of the year, including in sports.

Announcing its intention to buy Florida-based World Triathlon Corp from Providence Equity Corporation, a spokesman said: “Following the acquisition, Wanda will become the largest sports operating company in the world.”

Providence Equity, whose investments include Hulu and AutoTrader, bought World Triathlon Corp in 2008 for an undisclosed sum, expanding the number of races it owns and operates to more than 200 and boosting its workforce from 10 to 250.

The popularity of triathlon, which involves running, cycling and swimming, is growing rapidly. The gruelling sport tends to attract competitors, often from higher income groups, who are willing to pay big fees to participate in events and to buy the latest wetsuits, bikes and other equipment. Within the sport, Ironman is by far the leading brand.

Only about 100 Chinese athletes are thought to have competed in an Ironman competition. Dalian Wanda believes it can change that by bringing events to cities in China, saying: “Triathlons are on the cusp of explosion in China, with a bright future ahead”.

Gary Roethenbaugh, an analyst at Multisport Research, said that sport had enjoyed double-digit global growth in participation, although that had slowed to single digit figures in the US recently. “People get hooked and are highly engaged. That’s what makes it so interesting for sponsors,” he said, adding that there was plenty of room for growth in Asia.

Ironman said that it expects to generate revenues of $183 million this year, with annual growth of 21 per cent over the past four years.

Including debt, the takeover is understood to be worth $900 million, and the management of WTC have opted to stay on."

[xenawarriorprincess] 22/8/2015 12:48

There appear to be quite a few potential synergies here.

Beijing Shiji of course has 20% of Galasys and a seat on the board in the form of Mr Vincent Lai Tak Yuen.

Alibaba owns 15% of Beijing Shiji acquired for $457M in September 2015.

Beijing Shiji provide booking systems to 90% of 5* hotels in China and have recently (October 2014) formed a partnership with London based iRiS Software Systems providing innovative mobile and other software booking and information systems.



In July 2015 Beijing Shiji was lead provider of €25M funding for Austria based SnapShot which helps hotels leverage big data -



Beijing Shiji also then said -

"We are very optimistic about partnering with SnapShot, especially given the expansive and innovative uses of analytics to help hotels manage demand. Our recent partnering with Alibaba's Alitrip Travel site is further evidence of Shiji's commitment to provide tools that improve revenue and guest experience for our clients."

Galasys of course mainly provides mobile booking ticketing management e wallet and information systems.

It appears that Beijing Shiji is gathering together a powerful suite of software applications and mobile apps via partnerships and stakes in 3rd party companies which ultimately may well be used by Alibaba's Alitrip Travel site to revolutionise mobile travel booking and ticketing systems in China and elsewhere.

This could well be interesting for Galasys.

[xenawarriorprincess] 22/8/2015 11:31

ACSO continues its recent rise, now 778p for a valuation of £170m.

2015/6 p/e forecasts are 32/25 for eps growth of 20% and 28% respectively, with no dividend forecast.

GLS at 30p is valued at £20m.

2015/6 p/e forecasts are 10.9 and 9, for eps growth of 16% and 20% respectively, with a dividend of 1%.

Of course ACSO is (at present) a bigger better known company, with a longer track record, slightly higher growth rate, and a much more liquid share. But on these figures it looks like GLS is undervalued by about 3 times.

The share price is also "stuck" at around 30p, which is around 33% up on the May 2014 IPO price, and the same as what Beijing Shiji paid for its 20% stake in GLS in April 2015. In September 2014 Alibaba bought 15% of Beijing Shiji, its first investment following the Alibaba IPO. The Alibaba stake within a stake is, I think, the GLS secret weapon, and is potentially transformative.



Recent GLS trading also appears to be interesting - small buys are taken from MM's stock, but any buy over 10K shares appears to be matched by a corresponding sell, suggesting there isn't much stock about.

Last year interims were 1st September. GLS says this year will meet market expectations. Lets see if we get updated guidance.

Current forecasts from Barclays Stockbrokers -


For GLS


Year Ending Profit (m) EPS P/E PEG EPS Grth. Div Yield

31-Dec-15 2.10 2.75 10.9 0.7 +16.64% 0.25 0.9%
31-Dec-16 2.54 3.32 9.0 0.4 +20.73% 0.34 1.1%

Profit & Sales Forecasts

Year Ending Sales/Share Price/Sales per share

31-12-2015 £0.10 3.05
31-12-2016 £0.12 2.49

Trends & Recommendations

Current 1 week ago 1 month ago 3 months ago 6 months ago 1 year ago

Revenue (£m)
31-12-2015 8 8 8 8 8 7
31-12-2016 9 9 9 10 9 n/a

Earnings
31-12-2015 2.75p 2.75p 2.83p 2.97p 3.18p 2.84p
31-12-2016 3.32p 3.32p 3.39p 3.56p 3.63p n/a

Dividend
31-12-2015 0.25p 0.25p 0.23p 0.25p 0.24p n/a
31-12-2016 0.34p 0.34p 0.29p 0.31p 0.23p n/a

Recommendations
Strong Buy 1 1 2 2 2 1
Buy 0 0 0 0 0 0
Neutral 0 0 0 0 0 0
Sell 0 0 0 0 0 0
Strong Sell 0 0 0 0 0 0
No. of Brokers 1 1 2 2 2 1

Average Rec 10.00 10.00 10.00 10.00 10.00 10.00



For ACSO


Forecasts

Year Ending Profit (m) EPS P/E PEG EPS Grth. Div Yield

31-Dec-15 5.21 23.75 32.7 1.6 +20.65% n/a 0.0%
31-Dec-16 6.69 30.52 25.4 0.9 +28.47% n/a 0.0%

Profit & Sales Forecasts

Year Ending

Sales/Share

Price/Sales per share

31-12-2015 £3.43 2.26
31-12-2016 £3.72 2.08

Trends & Recommendations

Current 1 week ago 1 month ago 3 months ago 6 months ago 1 year ago

Revenue (£m)
31-12-2015 75 75 56 60 72 51
31-12-2016 82 82 60 64 76 n/a

Earnings
31-12-2015 23.75p 23.75p 19.52p 20.74p 26.64p 18.60p
31-12-2016 30.52p 30.52p 22.63p 23.83p 29.64p n/a

Dividend
31-12-2015 n/a n/a n/a n/a n/a n/a
31-12-2016 n/a n/a n/a n/a n/a n/a

Recommendations
Strong Buy 2 2 2 2 2 2
Buy 0 0 0 0 0 0
Neutral 0 0 0 0 0 0
Sell 0 0 0 0 0 0
Strong Sell 0 0 0 0 0 0
No. of Brokers 2 2 2 2 2 2

Average Rec 10.00 10.00 10.00 10.00 10.00 10.00

[phdboy] 13/8/2015 18:22

over the last few months the contracts seem to be increasing in value which gives me confidence. I don't know if they are trying but if they could get the contract for the new universal studios in Beijing that could be the catalyst

[xenawarriorprincess] 08/8/2015 13:27

Since that last announcement ACSO is up 35% (540p to 730p), following broker upgrades, putting it on a p/e of around 60, valuation £156M.

GLS, of course is on a p/e of around 10, valuation £19M.

Catalyst for the rise has been broker upgrades following a 100 site deal with Merlin Entertainment, adding £40M to the share price.

However GLS from April 2014 to April 2015 added 46 sites, bringing the total to 108, and has won further contracts since.

I'll have to look up ACSO's total number of sites, but certainly a startling undervaluation here.

[xenawarriorprincess] 30/7/2015 19:49

Interesting update from ACSO today - will be interesting to see whether GLS is doing equally as well.

"30 July 2015

accesso(R) Technology Group plc

("accesso" or the "Group")

Trading Update

- Group to maintain guidance for 2015 -

- 2016 and 2017 forecasts now ahead of market expectations -

accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to the leisure, entertainment and cultural markets, is pleased to provide an update on trading.

Based on excellent momentum across all of its business divisions, the Board of accesso is delighted to reiterate its guidance for 2015. In addition, encouraged by strong trading, and excellent new contract momentum across the business, the Board now expects 2016 to be ahead of current expectations, and 2017 to be materially ahead of current expectations."

[xenawarriorprincess] 11/7/2015 10:06

Galasys certainly appears to be good at PR, and seems to have built a good relationship with Proactive Investors, using it as something of a mouthpiece to UK investors.



"Sean Seah, chief executive of theme Park software firm Galasys (LON:GLS), told Proactive he was confident a new concept of "Intelligent Tourism" launched in China will spur future opportunities for his rapidly growing firm.

On Monday this week, the group unveiled contract wins worth £457,000, including one, from the Burqin county government of Xinjiang province in China, which is part of a collaboration with Galasys to promote so-called "intelligent tourism", which includes the use of technology such as Cloud computing..."

Also note worthy were trades of 604,244 and 304,244 on 6th July @ 30p, and 300,000 on 8th July @ 30p, the price would make them all sells, or was it some form of roll over? Whatever it was there was little impact on the share price.

Total shares currently in issue 66,571,038, so that totals 1.8% of the company.

[tradermel] 29/6/2015 07:34

These RNS's are sparking an interest in this one, not quite ready to buy in, I wonder if I will regret that?