Any reason for the jump.... Takeover in the offing? |
Well, would you believe it.
This is better. |
No buyers in here , hard to sell |
Gataca just moved to super stock status on stocko! FWIW... |
I like Liberum who has predicted CURY shares double by Xmas & it's slowly hiking lol. https://www.google.com/amp/s/capital.com/amp/cury-currys-share-price-double |
Who to believe: you or Liberum??..... |
Numbers no good , loss & negative equity |
From LIBERUM:
FY22 underlying PBT (£0.3m) and net cash (£16.0m ex leases) were in line with expectations. After a difficult year, a new management team has been quick to implement cultural and operational changes which are already starting to bear fruit in FY23E. Gattaca’s STEM focus positions it well even in a tough UK macro environment. While it is early days and the new team has much to prove, FY23E has started well and there are plenty of self-help levers to pull. No change to FY23E PBT. A CY23E EV/EBIT of 2.9x is cheap. TP raised from 100p to 110p. Maintain Buy. |
 From EQUITY Development:
Gattaca plc
Preliminary Results note
Engineering a lasting turnaround
There are many challenges facing the UK economy, but a company that we think is ahead of the recovery curve is STEM recruiter Gattaca - having already ‘cut its cloth’ over the past 2 years. Plus, the UK job market still remains the tightest it’s been for years, with 1 vacancy for every unemployed person – particularly across their sweet spot of ‘difficult-to-find’ engineers and technologists, where widespread shortages exist.
At today’s FY’22 results, the group posted in-line numbers, with adjusted PBT coming in at £0.3m on NFI up +5% to £44.1m. It also added that “demand is robust” which - alongside further self-help measures, favourable mix & an industry shift towards using more contractors vs permanent placements (re austerity) - is expected to lift FY’23 underlying PBT to £2.5m with profits being H2 weighted. The dividend has been prudently suspended, whilst the balance sheet remains rock solid, sporting net funds of £16m (or 49p/share) as at Jul’22, after generating strong H2’22 cashflow.
It was tempting to upgrade our modest FY23 forecasts & 160p/share fair value, but we prefer to conservatively retain both pending December’s AGM trading update. Nonetheless, we note the stock at 80p trades below NTAV (86.5p/share) and on a 0.4x EV/NFI multiple vs peers at >1.0x |
Update on Thurs 3 Nov I think |
Decent rise on small volume. Way undervalued imo |
https://www.google.com/amp/s/capital.com/amp/cury-currys-share-price-double |
Dare I say it, Russia v Ukraine and China v Taiwan may be helping us. |
An in-line trading update was a good start for the new CEO and CFO, and Equity Development raises its fair value/share to 160p on the back of better than expected net funds.
That new research note is freely accessible here: |
"The Group has improved its financial position from the half year (31 January 2022: net debt £(0)m), with statutory net cash as at 31 July 2022 of £12m (31 July 2021: net cash £14m). During the financial year the Group repaid deferred VAT of £5.6m, which was the key driver of the decrease in cash from the prior year." |
Stabilisation of sorts. The announcement we'd hoped for 6 months ago. |
Today's update reports 'in line' trading for FY to end July. CEO also says that new financial year has 'started well' with 'robust demand in our key markets' . Sales headcount has been increased by 7%
FY22 continuing NFI is seen at £44m (+4%) and PBT flat vs prior year. Net cash at 31/7 was £12m.
FY results set for 3 Nov release |
Best stocks to buy in Europe https://www.gurufocus.com/news/1849001/currys-plc-a-diamond-in-the-rough |
MCB ( LSE) strong products & revenue growth https://www.mcbride.co.uk/media/lrxmnfyf/mcbride_web_presentation_hy2122.pdf |
A bit of early/current buying prior to the trading update could perhaps indicate a good sign. |
17th August is Trading Update, so that's 5 weeks from now, perhaps the early birds are out. |
maybe a buyer's in for the company :-) |
Hundreds of stocks are oversold, why should this be different? |
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