Difficult to buy , my buying order still pending |
with all these takeovers could GATT be a target ? |
Excellent dividend 5p per share |
 "Robust foundations in place"
The implementation of the ‘four pillars’ of Gattaca’s new strategy resulted in adj. EBIT rising significantly, as did conversion rates too (up to 5.4% vs 0.2%). Impressively, this was achieved despite the Group’s markets turning more challenging during H2. NFI fell by 8.5% yoy, down by 1.8% in FY23, with a targeted exiting of lower margin contracts a factor.
Progress has been driven by self-help: on cost control, marketing, an improved culture, exiting low margin contracts and improved productivity levels. We think there is more to come as the new hires bear fruit and additional cost savings emerge (particularly in property).
Looking ahead there should be some recovery visible in recruitment markets over the next 12 months and at Gattaca we expect further improvement in the conversion rate. The £23.4m net cash at year-end also opens up many opportunities for the Group.
Based on a discounted cash flow model we raise our Fair Value to 175p per share.
Link to research note & audio summary: |
Excellent timing to buy before next week results & dividends announcements |
How can you buy anything Blackhorse? You put everything into CURRYs. Despite the constant pumping it has tanked. |
Next week at results day it will be 150p , revenues & profits better than expected |
Share is on it knees good energy is a better bet |
Bought good energy today |
Bought another 10k shares today |
And best dividend yield 5p per share , will attract loads of new investors |
Sold out bought anything else BH is in lol |
Difficult to sell ?? |
Kept a tracker sheet, they're still £110k short. |
Buy back has completed |
The last buyback was used to let a large seller get out after they managed to get the price up a bit. This buyback seems to have paused, (still about £100k short) after they inflated the price to get the directors the best price for their options. Thi |
All Gattaca holders should be aware this is being ramped by Blackhorse across multiple unrelated threads. The guy is a fraud and should be reported. |
I have also noticed they have started share buy back twice a year , which could push share price higher each year. LITTLE BUY share price GO UP by 10%-15% |
Some brokers & institutions like small cap because they can control the share price , specifically profitable company like GATC , likely more buyers than sellers upon dividend announcement. |
The directors used the share buybacks to cash in on their options. In my eyes that's theft |
It has a 33m market cap. We are in a small cap bear market. Whilst I do not doubt the share price will rise post announcement of a dividend I think the probability of attracting institutional capital is small because of the tiny market cap. |
Yes with that dividend news some institutional investors will buy it for good investment stock and share price will go up very quickly |
i hope you are right BH....24 October is the final results date |
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