Feeling will not be good results next week |
Yes I did lol |
I picked up some stb over thew last week or so. GL BH, I hope you made something off currys.
:op |
Bought some GNC today |
Looks like going to drop , all selling today |
Money moved to GNC |
 "Profit expectations maintained"
We are encouraged by several aspects of the pre-close trading update covering H1, not least the outcome and movement in net cash. A renewed focus on the cost base should result in improving conversion rates, offsetting any further shortfall in fee income during H2. We also remain confident that a recovery in Gattaca’s markets should emerge during Q4 ‘24/early FY25 supporting a further re-rating of its shares.
The yoy shortfall in NFI of 16% during H1 includes a large RPO contract which ended in September. The H2 ‘23/H1 ’24 comparison is as a result more favourable, with the larger contract included for just two months of the former period, with fee income down 8.6%. Overall, contract NFI was more stable, declining 6% yoy, compared to 38% in perm.
H2 ’24 onwards will witness a greater focus on productivity, resulting in outgoing sales heads in the business not being replaced and further room for cost cutting within perm focused employees. Over the medium term, we expect administration headcount as a proportion of total heads to move towards best industry practice of c.25%, down from the current 32%.
Should we be proved correct on expecting a recovery in the Group’s markets then the current valuation appears too low. Based on a DCF model we retain our fair value / share at 175p.
New research report here: |
The two brokers have updated that forward profit expectations and guidance are maintained. I think the results look quite good given the situation of the company (ie it’s a huge recovery play valued at just above cash level and on 1 months revenue…) |
Not stellar, but not a disaster. Share price is hardly flying anyway so don't expect to see sub 100. |
Disappointing results , share price will be hammered |
Leaky? Tomorrow will tell |
Not necessaily. It was down last time but pre & post tax profit went up. Can't believe you were trying to sell recently, although I do not know what other opportunity came your way. Today's rise has been on minimal trading. |
If revenue down then will be problem |
Last set of fundamentals indicated revenue down by about 4.5%, but back in profit, lower borrowings, higher cash in bank, net interest was earned. Also, a basic eps of 5.40p and divi of 5p -which in my mind, suggests coinfidence. |
Love a turn a round story! |
It's perked-up a bit today hehe |
Trading update on 15 feb -a couple of days away |
Agreed yahoo book value looks low, zero enterprise value, Feb update will give us a better indication. share price volatilty due to tight stock. |
I think they have, like last year, a trading announcement pencilled-in for the 15th Feb. Last year interims were on 30th March.
Looking at their last four years, they have reduced their now minimal debt. I'm wondering whether they'll be debt-free next set of finals, or even before then. In the last two years of finals, they appear to me to have been in postive interest over all and appear to have increased their bank balance from the previous years hit. Yahoo finance has them at 97p book value and I suspect that this is mostly down to the net cash.
They have a low operating margin which has risks, from memory they lost a contract last year, but it all seems to work really well and they were doing buyback and now have 31.52m shares. The buyback has ended with the last tranche bought on 28 Nov after the share price shedded about 6.5p the day before, on the 27th Nov -I mention this as a marker just in case they announce a further buyback.
So in my mind, it should be stable unless there has been some disaster. |
The exciting part of this stock is how undervalued it now is, full turn around, next results considerably above expectations, limited stock supply, midas tip of the year, spells boom! |
Check if there is an interim divi |
Difficult to sell this stocks , little sell go down very quickly |
I've got a fair amount, I'm just going sit back and watch how things develop. |
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