150p clear run before results & after 250p . Dividend 5p & share buy back 500k |
Clearing 120 should in my view give it a clear run up to the 150 |
Look at the 5 year chart and the spike that happened in 2021....that would be nice. 2 year chart shows a classic bowl shape. Fundamentals better than previously here, underpinned by the buybacks. A scramble for shares cold see this hit 150p quickly. |
I suspect that the shares are tightly held, but that it just an unfounded thought on my part |
Next stop 150p |
5p dividend quite lucrative plus share buy back will boost share price TO DOUBLE. Broker target 250p per share |
Tried to buy more this morning but not enough shares |
Let's see...last time it had a positive impact so fingers crossed here this time! |
I sold GATC bought CURY |
Share buy back will make share price double , not enough shares left |
Increased net cash as less working capital required and improved debt collection.
However, net cash excludes some leases so may not be this high really.
Sounds like they struggled to get some low value clients to pay fees in a timely manner?
Glad to see they are working with more highly skilled workers who are hard to find in UK but command higher premiums.
The GATTACA name is a bit fanciful, a good film, but Matchtech was more than accurate! |
Following yesterday's encouraging FY update , a new research note out from Equity Dev with amended forecasts.
Fair value per share now seen at 125p/share. You can read the full note here, free access: |
don't know how they buy back , there is not enough shares in market |
Buy back & dividends will bring share price 250p level |
Well positioned https://www.directorstalkinterviews.com/gattaca-plc-a-stronger-business-thats-well-positioned/4121125507 |
lol, hang on Katsy... the rns itself says "-- Strong balance sheet with statutory net cash as at 31 July 2023 of GBP21m (31 July 2022: GBP12m) "
I'm still at a loss here about where that £9m came from lol
I think it must be from investments -assets/cash equivalents... it'll be on the balancesheet at some stage... |
Gattaca plc issued a positive trading update for the year ended 31st July. Group continuing Net Fee Income is expected to be £43.6m (FY22: £44.1m), a decrease of 1% year-on-year, with the mix split between Contract 72% and Permanent 28%. The Group expects to report continuing underlying PBT of £2.5m for FY23, ahead of expectations as a result of the Group's cost rebalancing programme and exit from low margin contracts. The Group’s balance sheet remains strong with statutory net cash at 31 July 2023 of £21m (31 July 2022: £12m.) Valuation is also attractive with forward PE ratio at 10.2x round about top third for the Professional & Commercial Services sector. Main cloud on the investment horizon is the weak economic back drop which is not helpful for the sector. GATC is a solid recruitment firm, but remains a share to monitor for the time being...
...from WealthOracle |
How did cash from 12m to 21m, I think that was a typo as I remember them having something closer to £20m before. |
Buy back will start soon , according to RNS |
Generous dividends , 5p per share , better than FTSE 100 |
Baffles me how they could zoom-up to £21m on £2.5m ???? Do you think they went short on EMP or STAF??? lol |
Bruce, started paying dividends again also a special dividend plus buyback.£21m in the bank. How many small companies with that sort of money in the bank? Also it could be a takeover target? |
My buying is showing red lol |
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