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Share Name Share Symbol Market Type Share ISIN Share Description
Gattaca 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
  +0.00p +0.00% 114.00p 110.50p 117.50p - - - 78 12:02:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 667.5 -24.9 -85.3 - 36.64

Gattaca Share Discussion Threads

Showing 301 to 325 of 325 messages
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
DateSubjectAuthorDiscuss
12/12/2018
15:35
The DBAY model is quite successful, buying from an all time low and slowly adding before making an offer. Their average holding cost ends up much less and they strengthen their hand when it comes to getting their offer accepted e.g. they switched to a takeover offer for HVN when they realised that their scheme of arrangement wasn't going to get 75%. If they had just come out with an offer they would have had to pay more than £1.30 because holders would have had enough to block them. DBAY could play it quite well because they had taken Creston over before by the same method and got it cheap too, but people were still unsure of them as primarily an investment fund not a business owner. I think the next time they appear on a share register in increasing size they may find their element of surprise is much reduced. Maybe HRnet think they know the sector well and can just speculate on which companies are undervalued or likely to receive an independent offer. Sounds like they guessed right for HVN if that was the case. However, given the amount they mention M&A in their results presentation I don't think it is unreasonable to deduce that their interest is at least a pre-cursor to considering if the company is a good target for them. Doesn't mean that they will make a decision any time soon, or indeed decide to make an offer, but it seems unlikely that they are simply playing a game of roulette with their shareholders money.
dangersimpson2
12/12/2018
15:18
This share is at a TEN YEAR LOW. And it looks highly likely in my view to be going sub 100p in short order. This share has been a complete disaster zone for shareholders over the last 5 years and in my view, there is still a lot more pain to come. Good Luck All. ALL IMO. DYOR. QP
quepassa
12/12/2018
15:00
At the time of the Harvey Nash buyout, HRnet disclosed a 2% holding. They didn't say when they acquired it but clearly didn't want to make their own bid.
stemis
12/12/2018
14:42
I guess it depends how big a stake they take, DBay seem to build 30% stakes before eventually launching an approved bid for the companies they are interested in as an example and it would make sense for HRnetGroup to build a stake at these prices if they're planning an eventual offer to gain influence and maybe representation on the board.
arthur_lame_stocks
12/12/2018
14:38
Hard to see the board recommending an offer below 200p surely and they hold 26.6%. Not sure why HRnet would take a stake, if it was a precusor to a bid, unless they are planning to go hostile.
stemis
12/12/2018
14:00
Things could start to get interesting here: hTTps://www.investegate.co.uk/gattaca-plc/rns/standard-form-for-notification-of-major-holdings/201812121321242821K/ HRnetGroup taking an initial 3.74% stake. They are a £460m market cap Singapore-based recruiter. Their latest Q3 results presentation contains 1 slide titled 'Strong Balance Sheet for Expansion and M & A', and two slides simply called 'M&A'. hxxp://investor.hrnetgroup.com/newsroom/20181108_172610_CHZ_8ECF3QIWIJRLI54E.2.pdf They have S$275m in cash on their balance sheet at 30th September = £159m. Gattacca would be a small bolt on for them and on a fwd P/E of 13.9 vs Gattaca's 4 this would be immediately earnings enhancing even on a 50% or so takeover premium.
dangersimpson2
09/11/2018
16:46
Thanks, SteMiS. That PBT reconciliation was not in the RNS.
wilmdav
09/11/2018
15:54
Not sure where their quoted H1 underlying PBT comes from. Subtract £1.197m net finance costs from £7.728m underlying operating profit gives £6.531 PBT. According to the interim presentation hxxps://www.gattacaplc.com/sites/gattaca/files/wysiwyg/Gattaca%202018%20Interim%20Results%20Presentation.pdf they also add back £0.4m to interest, which I guess is the exchange losses.
stemis
09/11/2018
15:27
This is now trading on a historic yield of under 3% based on the half year 3p divi and the final divi which was slashed to zero and announced this week. Given the risk involved and the good likelihood of negligible divi's next year, there is no way in my view that this share warrants a price of 100p+. You can pick up so many FTSE 100's at a yield of 5%++ . Nor does this share warrant a premium as a growth share in my view when they have been shrinking the business, pulling out of overseas market and slashing the dividend. Watch out.This share has the potential in my opinion to fall a lot more. Good Luck All but remember the shamrock. ALL IMO. DYOR. QP
quepassa
09/11/2018
14:42
Tax should come down a bit with expected reduction in irrecoverable withholding tax. Not sure where their quoted H1 underlying PBT comes from. Subtract £1.197m net finance costs from £7.728m underlying operating profit gives £6.531 PBT.
wilmdav
09/11/2018
10:15
Outlook says that first quarter trading was in line with previous year. Just a reminder of what the interim results were Underlying PBT 6.9m Tax -2.2m Underlying PAT 4.7m Underlying EPS 14.5p The actual result was a loss, of course, due to the large goodwill write off. Without that the figures should look a lot better.
stemis
09/11/2018
08:51
Heading back towards 1 year low of 98.2 - Given mark down this morning to 105 not far to go (imo) Then free fall ??
pugugly
08/11/2018
09:01
When looking at the increase in debt of £0.6m it's worth bearing in mind that the company Paid £6.4m in dividends Paid £3.6m to buy out minority shareholders in RSL Target debt is 2 x ebitda which on current numbers is £30.6m or £10m lower than now. Hopefully that should be achieved by the end of this year and dividends can be restored.
stemis
08/11/2018
08:50
Underlying EPS is 22.6 so currently a P/E of 5.3
stemis
08/11/2018
08:39
Agreed Arthur Underlying EBIT of £14.3m Debt increase of £0.6m after payment of £6.4m of dividends New debt of £40.9m v facilities of £90m and receivables of £109.7m Trading in first quarter in line with last year Underneath the numbers there is a solid business waiting to get out. Hopefully H1 2018 will see a clean set of numbers
stemis
08/11/2018
08:39
post 282 refers and confirms
quepassa
08/11/2018
08:01
Indeed no unpleasant surprises in prelims out this morning with reassuring evidence of cost savings, plus focused investment in growth segments. ED forecasts change little and fair value price retained. Full research note freely accessible here: https://www.equitydevelopment.co.uk/edreader/?ltkn=70867606e2a1c97379064647e5b0983f5pkQDpLT&d=%3D%3DwMwUjM
edmonda
08/11/2018
07:38
No Final Dividend for second half. Total dividend for year of 3p (first half) versus a total of 23p last year. Dire results. A massive Loss of £25 million with EPS at a whopping minus 83.5pence. Not a confident sounding outlook, beset with Brexit concerns. Debt. Read and assimilate. They have negotiated a "more generous" covenant package. They obviously once thought that the original covenant package was generous enough. But no longer. Caveat: "Given the headwinds around Brexit and its potential impact on the economy, we have renegotiated our facilities with HSBC, removing excess facilities and agreeing a more generous covenant profile." A share price of 50p on the cards?? This is looking very uncomfortable in my view. 1. Massive loss 2. Final divi stopped 3. Significant increase in admin costs 4. Renegotiating banking covenants. Good Luck All. But watch out below. These are worrying results in my view ALL IMO. DYOR. QP
quepassa
08/11/2018
07:25
Well results are out. No real surprises I can see. Underlying pbt £12.7m offset by large goodwill write off. No dividend which seems prudent until debt is reduced. I still think these are ludicrously cheap as long as business is stabilising.
arthur_lame_stocks
01/11/2018
10:36
They confirmed in early August that they expect to meet market expectations for underlying PBT. I can't believe that there is much accounting uncertainty in recruitment businesses (it's just billing out costs). I don't see why debt should be a problem. It is confirmed at £46m. At the interim they had £101m of trade receivables. Even on 65% coverage that's a headroom of £20m. I think a lot will depend on the outlook statement. NFI was up 1% on an underlying basis in 2017/18 (6% in total) and H2 was very slightly better, so the business seems to be stable. They are obviously focussing on costs so the market expectation of a small rise in 2018/19 EPS doesn't look stretching. This will have the intangible write off and restructuring costs. It's about presenting the numbers clearly. I think the market concerns are Brexit and IR35 (and, of course, credibility of management bearing in mind what's happened to the company).
stemis
01/11/2018
07:02
I agree, the shares seem ludicrously cheap, the headline figures are not going to be great largely due to the large goodwill write off and debt is a bit high but the balance sheet is not bad with NCA less all liabilities of around £30m (from memory). Recruiters seem out of fashion at the moment, Hays has fallen quite a long way. It seems a bit strange to me with low unemployment.
arthur_lame_stocks
31/10/2018
18:36
Current forecast EPS for Y/E (which I presume is underlying) is 24.45p, meaning current rating is a P/E of 4.9. So hopefully a return towards a more sensible level (which would be more like 200p).
stemis
31/10/2018
14:59
Quite a large rise from below £1, I wonder if it precedes news or if it's just the shares starting to return to a more sensible level.
arthur_lame_stocks
29/10/2018
18:22
Bad news imo in the Budget but expected - Could it be in the price? "Government sustained its attack on the self-employed by announcing plans to extend the draconian ‘Off-Payroll’ rules into the private sector in April 2020" OK was expected next fiscal so has been posponed a year but I am advised that many major users jitttery and avoiding direct contractors as of nwo. Comments/knowldge/thoughts? https://www.contractorcalculator.co.uk/payroll_ir35_reforms_extended_private_sector_april_545410_news.aspx .
pugugly
26/10/2018
11:45
Oh dear. 4th September 2018 Update Note - Gattaca market price 143p. Equity Development INCREASE their Valuation from 175p to 180p. Market price today (less than two months since ED Update) 100p - and falling. Something tells me that the 8th. November prelims will not make happy reading. In my opinion only, Gattaca is a dog. But what concerns me more is that ED appear to be continually barking up the wrong tree. ALL IMO. DYOR. QP
quepassa
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
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