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GAMA Gamma Communications Plc

-8.00 (-0.61%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gamma Communications Plc LSE:GAMA London Ordinary Share GB00BQS10J50 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -8.00 -0.61% 1,314.00 1,312.00 1,320.00 1,334.00 1,306.00 1,320.00 201,482 16:22:13
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Radiotelephone Communication 521.7M 53.6M 0.5503 23.88 1.28B
Gamma Communications Plc is listed in the Radiotelephone Communication sector of the London Stock Exchange with ticker GAMA. The last closing price for Gamma Communications was 1,322p. Over the last year, Gamma Communications shares have traded in a share price range of 981.00p to 1,414.00p.

Gamma Communications currently has 97,400,592 shares in issue. The market capitalisation of Gamma Communications is £1.28 billion. Gamma Communications has a price to earnings ratio (PE ratio) of 23.88.

Gamma Communications Share Discussion Threads

Showing 451 to 474 of 475 messages
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Tipped as a BUY in IC @1349p FWIW.
Although the PhoneLine+ net growth has been slow, only 12000 customers out of 1M total GAMA customers, this is partly as the existing landline providers have kept the service running for now, and GAMA say the growth will be steady not rapid. They quote the Peel Hunt broker note and point out the asset light software makes it good at generating cash as the numbers rise and PH predicts 88.5P eps for 2025 would give P/E of 16 , low for a software company.
Their last opinion on GAMA was a BUY in Sep23 and they were right as it was 1083p then.

wad collector
07:18 underestimating Gamma, argues Peel HuntThe market is failing to reflect the potential at Gamma Communications (GAMA) despite another year of growth, says Peel Hunt.Analyst James Lockyer reiterated his 'buy' recommendation and increased the target price from £13.80 to £16.50 on the telecoms group, which rose 0.7% to £13.60 on Monday.Full-year 2023 results were in line with expectations, with earnings up 9%, ahead of the 8% rise in revenues thanks to operational leverage. Following acquisitions, Lockyer increased full-year 2024 and 2025 revenues by 1% and earnings by 3% and 4%, respectively.'At 9.7 times full-year 2024 embedded value to [pre-tax profits], we think the market fails to reflect the growth potential and profitability Gamma has to offer versus peers,' he said.'Another encouraging year of growth and significant cash generation leave Gamma with £13m of net cash in the bank.'Lockyer said the £35m buyback presents a 'shrewd allocation of capital given the current valuations, but the priority remains investing in organic growth and acquisitive activity to bolster exposure in underpenetrated markets.'
Well, I'm happy to hold although I think that any further movement up will be artificially driven by the buybacks.
If it gets close to £15 I would be tempted to take some profit.
They have always impressed with their cash generation.

I suggest you review the source of your 'consensus' figures john, as they are incorrect, they actually came in slightly ahead on PBT, hence why shares opened up.
Progressive Equity Research note.

"Gamma’s results for the year ended 31 December are in line with the expectations confirmed in the January trading update. Revenue of £521.7m is 8% ahead of FY22, with gross profit at £267.2m showing the same progress. Adjusted EBITDA grew by 9% and PBT by 10%, although the impact of higher tax rates was seen in the 5% increase in adjusted EPS. Cash generation was strong once again, with 108% adjusted cash conversion. Year-end cash of £134.8m is £42.3m above the year before, even after the £30.5m in acquisition spend. Perhaps the most anticipated element of today’s news is the statement regarding the £35m share buyback programme, alluded to in the January trading update. On an operational basis, Gamma is making good progress in Business, Enterprise and Europe. For those looking at ‘undervalued’ UK equities, Gamma’s growth stands out."

Hericsaba, they missed the consensus figures I posted.
I thought the same but assumed I'd missed something. Regardless of the semantics it's still a good set of results imo plus (unlike the normal rhetoric in these matters) a decent outlook.
That was their update in January: "The latest known sell-side analyst estimates for the full year ended 31 December 2023 are adjusted EBITDA GBP113.8m - GBP116.0m and adjusted EPS 74.2 pence - 77.4 pence."The results exactly in that range. What did they missed?
Missed concensus statutary PBT by GDP4m and eps by over 20p. If the market accepts the "alternative measures", may be OK today at open.
results look fine, flattered somewhat by working capital unwinding, good progress in Europe is excellent.
Great set of results. Revenue and eps up 8%. Net cash up 46% to £134m! Div up. Positive outlook.
Outlook is negative.
Off to the races!
Everything will hinge on the upcoming results.

High volume and new recent high.
I don't care how long it takes I'm just glad I didn't sell out at £12 again.
has to get the award for the slowest breakout ever...
"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price"
Patience will be a virtue for investors in these two smaller companiesQuestor Inheritance Tax Portfolio: sooner or later sentiment will turn in their favour of these two Aim stocksRobert Stephens9 February 2024 • 6:00am 1Investing in shares is at times a very frustrating experience. An investor can do all of the right things, such as buying high-quality companies that go on to deliver strong financial performance, but still fail to generate large profits on their holdings for sustained periods.This situation is likely to resonate with investors in British shares, and especially those who own stakes in smaller companies, which have become extremely unpopular since the FTSE Aim All-Share index soared to a 20-year high in September 2021.The index has subsequently fallen by around 43pc. Judging by the downbeat outlook currently adopted by most investors, a return to the heady days of plentiful capital growth seems highly unlikely in the short run.Aim All-share performanceFrom 11 Feb '19 to 8 Feb 13:16:5720202021202220232024-40.0%-20.0%0.0%20%40%? AIM All-Share: 905.4 ? 753.4-16.8%In Questor's view, investors in smaller companies must accept their limitations. There is little they can do except ensure that their current holdings are financially sound, performing well and still offer fair value for money, as well as force themselves to be patient. After all, history suggests that underperforming high-quality stocks are only ever a temporary phenomenon.For example, Gamma Communications, a holding in our Inheritance Tax Portfolio, trades at the same level as in May 2019.Although the telecoms company's shares are 87pc higher since their addition to our IHT portfolio in January 2018, and have therefore vastly outperformed the FTSE Aim All-Share index's 30pc decline, all of their capital growth essentially came in the first 16 months of our notional ownership.Gamma key factsMarket value: £1.2bnTurnover (Dec 2022): £485mPre-tax profits (Dec 2022): £65mYield (Dec 2022): 1.3pcMost recent year's dividend: 15pNet debt (Dec 2022): £81m net cashReturn on capital (Dec 2022): 15pcCash conversion ratio (Dec 2022): 130pcp/e ratio (Dec 2022): 16.6The company's latest trading update, published last month, showed that it was performing in line with financial guidance that was upgraded at the time of its interim results in September. Those results showed a 9pc rise in revenue and a 12pc increase in pre-tax profits. Since then, the company has made two acquisitions and has the financial strength to engage in further M&A activity.It has net cash of £135m and strong cash flow further enhances its capacity to make purchases at a time when asset prices are depressed. It has also sought to improve efficiency by undertaking a restructuring that involves a combined management team for its Dutch and German businesses. And with its operations in Britain successfully mitigating high inflation through price rises, profit margins are relatively unchanged relative to the first half of the financial year.Gamma Communications share priceFrom 11 Feb '19 to 8 Feb 13:22:24202020212022202320240.0%50%100%150%200%? Gamma Communications PLC: 748.7 ? 1184.058.1%Trading at around 16 times forecast earnings, Gamma's shares are by no means cheap. There are countless smaller businesses whose lower valuations could tempt bargain-seeking investors. But the company's sound balance sheet and encouraging financial performance make it worthy of a premium valuation compared with riskier small-company rivals.While its share price performance over recent years has undoubtedly been frustrating, this column remains upbeat about its capacity to generate further capital growth over the long run. Questor says: hold Ticker: GAMA
Tough resistance at 1200 again.
Well, I have decided to hang on this time and see if it can break the £12 line. Personally I will give it until the next set of results and review at that point.
mmm, I was wondering that.
I wonder if this will be the time that they manage to break out of the 10 - 12 range they've been in for almost two years.
Only slight downside I can see is 'Goodwill' is a bit excessive, but offset by many positives.
Cash to £134.8m from £92.5m
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