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% 129.25p 128.00p 132.00p - - - 0 08:00:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 642.4 11.5 23.4 5.5 39.27

Gattaca Share Discussion Threads

Showing 226 to 249 of 250 messages
Chat Pages: 10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
15/5/2018
12:07
Well FWIW, I'm my own 'fund manager' and this is a crazy valuation IMO - which is why I bought in at 135p.
value hound
15/5/2018
11:15
No view at all on either investment policy. Yesterday's comment was simply trying balance Laptop's take on the price being low. Fund managers are no different than private investors (save for size of trades) in terms of having a crystal ball on share valuations. Obviously worth noting their trades, but IMO not worth putting too much store on them.
grahamburn
14/5/2018
18:50
grahamburn and all - (imo) very much depends on how one rates Octopus investment skills against those of Intrepid Capital Management, Inc (OK given the fall in the £ against the $ the yanks are buying on the cheap BUT unless they have a strong team on the ground in the UK they could be at a disadvantage (imo) ????? http://www.intrepidcapitalfunds.com/sma/about_us.html https://octopusinvestments.com/investor/ Have a look at both sites and may I suggest you decide which is which - (No investment advice intended - !!!)
pugugly
14/5/2018
14:10
And now one doing the opposite though to a smaller extent. There might, of course, have been an element of the purchaser picking up the shares of the seller - plus a bit more in the market.
grahamburn
14/5/2018
13:21
Institutions loading up at this level....good indication share price is cheap
laptop15
02/5/2018
17:47
Investors Chronicle. Edition 27th April - 3rd May. Column on Page 40 headed "Gattaca lowers expectations again" The IC put a SELL on Gattaca. Closing summary paragraph: " With cuts to the EPS forecast, and a 20% drop in share price on the results day, the shares now trade at eight times forward earnings, a steep discount to the peer group average - the result of both management missteps and mounting external challenges. We move rudderless Gattaca to sell" See IC for full column. ALL IMO. DYOR. QP
quepassa
30/4/2018
17:27
217 and 218 refer. all imo. dyor. qp
quepassa
24/4/2018
15:38
There is also the point that with these accounts being, to say the least, ugly, it would have been an ideal time to "kitchen sink" any "bad debts" as well (ie get all the bad news out in one go). The fact that this has not been done and the accounts specifically state that "the Directors do not believe there has been a significant change in credit quality and consider the amounts to be recoverable in full" there has to be a near-certainty that these trade receivables are indeed simply overdue. Similarly, it's a large figure, so the directors would not be complying with their fiduciary duties if there was any doubt in this regard.
grahamburn
24/4/2018
13:37
Prop - Good point I had missed the insurance position - Could well be why (subject to the terms of the policy) why no provisions made.
pugugly
24/4/2018
12:30
Pugugly, I also keep a close eye on the overdue debt position. However, when Carillion went bust the majority of GATC's debtor exposure was covered by insurance (which was a nice surprise to me!). I presume that most if not all trade debtors are also insured which would mitigate any impact from debts going bad and may explain why there is no provision against the overdue balances.
prop_joe
24/4/2018
11:55
Could be a small black hole here (imo) Included in the Group's trade receivable balance are debtors with a carrying amount of GBP15,772,000 (31 January 2017: GBP12,899,000, 31 July 2017: GBP15,661,000) which are past due at the reporting date for which the Group has not provided as the Directors do not believe there has been a significant change in credit quality and consider the amounts to be recoverable in full. The Group does not hold any collateral over these balances. The Directors consider all trade receivables not past due to be fully recoverable. Ageing of overdue but not impaired trade receivables: 31/01/2018 31/01/2017 31/07/2017 Number of days overdue unaudited unaudited audited GBP'000 GBP'000 GBP'000 0-30 days 9,384 8,250 9,007 30-60 days 2,648 2,304 3,233 60-90 days 1,618 1,216 1,463 90+ days 2,122 1,129 1,958 15,772 12,899 15,661 ------------ ------------ ------------
pugugly
19/4/2018
18:52
Current value at 165p = £52m Annualised PBT (pre goodwill w/off and exceptionals) = £13m Tangible net asset value = £33m The business has certainly had a knock but it's a profitable, asset backed company paying a dividend (annualised yield = 3.6%). Hardly a basket case.
stemis
19/4/2018
09:02
There are some decent areas of the business but that networkers acquisition has really destroyed shareholder value here. I'm on the sidelines still and still feel IR35 will have an effect on the business. It shows that contract NFI is down while Perm NFI is up.
jimmywilson612
19/4/2018
09:02
QP: Agreed - Looks horrible at fist glance - Cannot see any reason to jump in. Need to study in more details but increased debt and possible futher impairments (imo) of intangibles are 2 red flags.
pugugly
19/4/2018
08:41
Terrible results in my opinion. Earlier posts refer. In my opinion only this share displays heightened significant downside risk. In my opinion only this share has a distinct chance of going sub 100p. Good luck all but buckle in for a bumpy flight and possible rapid loss of altitude. All imo.dyor. Qp
quepassa
05/4/2018
17:08
Recent posts refer. 150p increasingly in sight. And now tumbling precipitously. If it hits 150p in next few days, cannot rule out possibility in my view that 100p will be breached. ALL IMO. DYOR. QP
quepassa
30/3/2018
18:38
There is a semi-reassuring note about IR35 on page 20 of the 2017 Annual Report. Half-year results are due on 19th April. I still hold these and have only just got round to reviewing them following the profit warning of 7th February. I suppose a new CEO might want to cut the dividend further to increase growth prospects but that seems unlikely. George Materna, founder and deputy chairman, owns 25% of the shares and he is already taking a 50% income hit. On 22nd February Intrepid Capital Management Inc. bought 7.8% of the shares, which was encouraging. Adjusted eps is forecast to drop from 35.3p to 29.0p in 2018 and then grow at around 10% per year for 2019 and 2020. There is certainly scope for growth on the basis of current p/e and price/sales ratios but patience of the long term variety might be required. It remains a high income stock in spite of the drop, and will hopefully remain so. Http://www.david-wilmshurst.co.uk/gatc/gatc_data.htm
wilmdav
27/2/2018
17:06
Seems like they've doubled their investment here. The fundamentals do warrant it at these levels but the big unknown is IR35. I would rather wait until the government is clear what the outcome will be with this, even if that means buying in at a higher price.
jimmywilson612
23/2/2018
08:51
Intrepid Capital Management have 7% of Gatc which they seem to have acquired over a few days. Good news?
yellowdog
17/2/2018
10:15
I'm tempted at these levels. Debt is high, but they paid out circa £10M in dividends last year (which was basically all their profit) so glad they're resetting the cover at 2x. Therefore they can, in my opinion, quickly reduce debt to more manageable levels. The risk is the IR35 being included into the private sector. Whilst Perm/International is growing, circa 3/4 of revenue is from contract (I'll assume most from within the UK). If you include International/Perm fees together, this is circa half of NFI. Therefore any change in legislation is going to have a massive effect on the bottom line. As mentioned, tempted at these levels, but might keep the powder dry until the government shows their cards.
jimmywilson612
10/2/2018
16:48
They're cheap if they meat forecasts, unfortunately they don't seem to be able to.On my watchlist.
che7win
10/2/2018
16:22
These don't look particularly cheap to me even after the price fall. I don't think i'd risk it with all that debt they have.
arthur_lame_stocks
09/2/2018
10:35
Next stop 150p??? Beware the old adage that profits warnings come in threes. ALL IMO. DYOR. QP
quepassa
08/2/2018
10:45
All: Thought, as HM Gov is having a crackdown on consultants and personal service coys being used to reduce National Insurance Contributions plus increasing deductible expenses could there be a possibility that many of the "temporaty contrators" will be forced to be reclassified as "permenant employees" In which case might there not be erosion of NFI. Just speculation but has anyone direct experience of this scenario? - If correct could hit most of the recruitment sector.
pugugly
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