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Share Name Share Symbol Market Type Share ISIN Share Description
Gattaca Plc LSE:GATC London Ordinary Share GB00B1FMDQ43 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 79.00 77.00 81.00 79.00 79.00 79.00 20,974 08:00:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 538.7 1.4 -5.5 - 25

Gattaca Share Discussion Threads

Showing 376 to 399 of 400 messages
Chat Pages: 16  15  14  13  12  11  10  9  8  7  6  5  Older
DateSubjectAuthorDiscuss
30/12/2020
18:35
Learning a bit more about the company's history and yeah the Networkers acquisition in 2015 was a complete disaster. That year's AR was a PR document explaining why it was such a great match. Then 2016 AR told us how the acquisition had been successfully integrated. Then 2017 started talking about "challenges". Then the big impairment in 2018. I'm sure this would make for a great case study for a failed acquisition. I have my suspicions on some of the reasons why it failed but I'm sure other people on here know far better.But on the positive side of things, this year's AR was all about the "Improvement Plan". Hopefully this will continue to keep them busy grinding out marginal gains and they won't take their eye off the ball looking for "transformational" deals. At least for another few years...I expect the share price will be quite a bit higher in a year's time. But it's pretty disappointing to see that only one director has a sizeable shareholding, and he's the founder, with the only other director to hold shares only having a paltry 15k. The CEO has been there for over 2 years now. Has he never seen the shares as being good value?
gaiusgracchus
29/12/2020
22:11
FWIW, I agree with your brief analysis gaiusgracchus - and think it's worth easily 130p fwiw. It could be a lot more, but I'll judge it at that stage if we ever get there.
value hound
29/12/2020
21:04
Just come across this company for the first time and seems cheap. Intend to read up on it properly but it seems they've had a history of poor capital allocation - big acquistion in 2015 that was massively impaired in 2018. I realise that there's a different management team these days. Have shareholders got more confidence in the current team's capital allocation abilities?
gaiusgracchus
09/11/2020
21:33
They had £34.8m in cash 31st July, and have since used that to repay all of their recourse debt, leaving them debt-free and holding £27.5m cash. If you think all of that is going to be sucked into working capital hence them needing more capital then that is a more bullish case than any of the brokers are forecasting. If they trade so well that they need more capital the share price will be £2+ on earnings.
dangersimpson2
09/11/2020
11:29
......or maybe just the old trick of walking+talking the share price up prior to an expensive/over-priced rights issue or share placement. if you see a raft of further news releases combined with sudden share price movements, you'll know the answer. let's face it, the current UK unemployment situation and outlook appear very bleak and there will likely be many more firings than hirings over the coming next twelve months. all imo. dyor. qp
quepassa
09/11/2020
11:19
Looks like the market has woken up to GATC. Tried to get some more at 60p but couldn't deal. Easy to sell though...
stemis
06/11/2020
15:15
Mentioned on today's vox markets stock-picking video hxxps://www.linkedin.com/posts/paul-hill-a5994116_justin-waite-paul-hill-talk-about-7-stocks-activity-6730489344181768192-vA_g
brummy_git
05/11/2020
10:01
Or that trough EBITDA would cause them issues with their covenants, which again has been put to bed with confirmation that the RCF has been paid and no covenants are in place on the business. I don't see why this should trade at a discount to TBV when most recruiters trade at a premium at the moment, and GATC is in the right area (STEM) with significant cash resources. A modest 1.2 x TBV would be 100p per share. This still looks significantly undervalued just comparing to other small cap recruiters, let alone if the employment cycle turns.
dangersimpson2
04/11/2020
17:51
The worry about GATC was that it would have to raise funds to support the working capital needed to support a recovery in trading. That seems increasingly unlikely.
stemis
04/11/2020
12:15
Excellent operational gearing - as revenue grows, fixed costs stay stable, flowing directly to bottom line.
checkers2
04/11/2020
11:58
This once sizeable business is being ignored by the stock market and has all the makings of a 'Bonkers Bargain' according to Investor's Champion's updated research.
energeticbacker
04/11/2020
09:14
I'd be surprised if HRNet didn't top up while it's still cheap given their strategic aim of building a foothold in UK / Europe. This may be an easier one for them to swallow than Staffline given the debt issues over there.
1nf3rn0
04/11/2020
09:10
Yes, pretty stunning results under the circumstances.
stemis
04/11/2020
08:52
Looks like it was simply the wrong price at yesterday´s close. I was always wary of the debt build up after acquisitions, but net cash today (albeit flattered for now by gov schemes. But the statement "We expect a very substantial element of the overall working capital improvement to be permanent" is key for me here (extending payment terms to contractors by the looks). Pretty clean TNAV looks to be c. 70p/share. You´d think it should be valued somewhere north of that....
eezymunny
04/11/2020
07:50
Full detailed note from Equity Development on this link: https://research.equitydevelopment.co.uk/research/tag/gattaca
edmonda
04/11/2020
07:47
This precis from Equity Development: "Today the company has posted better than expected FY20 results, with net cash closing July at a robust £27.3m (pre IFRS16 lease liabilities & including the benefit of £13.8m non-recourse off balance sheet financing) compared to -£24.8m LY (ED Est £20m). Driven by £10.3m of deferred VAT payments (payable Apr’22), improved contractor terms (£8.5m - permanent), a working capital unwind (£16.3m) & lower debtor days (41 vs 45 LY). This leaves the business ‘covenant free’ & ideally placed to increase profits as the recovery gains traction. With a high proportion of incremental NFI falling straight to the bottom line, due to continued tight cost control (£4m annualised savings), more efficient processes (Improvement Plan) and positive operating leverage. FY20 NFI & adjusted PBT both declined -21.4% and -60.7% respectively to £54.3m (£69.1m LY) and £4.6m (£11.6m). Reflecting uncertainties created by the General Election, Brexit, proposed new IRS35 rules and latterly the pandemic (including a prudent £2.3m bad debt provision). Partly offset by a 13% contraction in overheads, thanks to restructuring (£1.7m), lower headcount (665 vs 739), furlough assistance (£1.5m) and a temporary group-wide 20% salary cut (£1.1m). We have held our FY21 numbers - corresponding to trough adjusted EBIT and EPS estimates of £1.25m and 1.1p. With most of the heavy lifting already completed, and assuming things go to plan, we raise our valuation from 130p to 140p/share."
value hound
04/11/2020
07:20
1st views wrt Gattaca's positive FY20 & outlook here. hxxps://www.linkedin.com/posts/paul-hill-a5994116_gatc-activity-6729650112756285440-Kvny
brummy_git
11/9/2020
08:35
Bonkers Bargain: recent deal highlights the appeal. This once sizeable business is being ignored by the market – time to buy? More on the Investor's Champion website.
energeticbacker
08/9/2020
12:54
SCSW comment -Gattaca remains well positioned to benefit in the UK from Government investment in infrastructure, as well as its exposure to STEM markets. Liberum forecasts £3.9m pretax profit (eps 9.2p) for the year just ended and £0.5m (eps 1.1p) this year, ballooning to £5.8m (13.7p) next
davebowler
17/7/2020
16:30
Won't IHT exemption effectively rule that out anyway? Can't imagine he's strapped for cash.
value hound
17/7/2020
16:11
Possibly but I can't imagine he'd want to cash in at anything like these levels.
stemis
17/7/2020
10:26
Saw Materna on TV recently- horse owner (no real surprise)Looks like he's probably got to a point in his life where he might accept an offer - suspect the company has been rewarding for him over the yearsMatchtech prior of course
value viper
17/7/2020
10:09
There's a couple of recruitment companies that hold shares here:- HRnet - 5.9% (Singapore based ) MMGG - 16.0% (bought Morson) Either could take out GATC. The only block is that founder, George Materna, holds 24.4%. Is the paid for research by Paul Hill (PMH Capital)? He has a 130p fair value. Ed: Yes, I see it is.
stemis
17/7/2020
10:02
It's the ED note below
value viper
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