Gattaca Share Discussion Threads

[wilmdav] 02/8/2018 23:52

SteMiS

I think ED is Equity Development, which you have referred to in the past. Here is a link. Hope it works.

[edmonda] 02/8/2018 15:51

Equity Development's research note on Gattaca by Paul Hill

Read the full note here ...

Like its namesake movie - where the central character overcomes testing conditions – we think Gattaca will also emerge much fitter after its recent lean spell. Encouragingly the company has made a good start, albeit there is still plenty of climbing ahead.
With regards to trading, the Board reported this morning that FY18 NFI grew 1% LFL to £78.8m (H1 +2%: H2 flat) with adjusted PBT “broadly in line with expectations”. We interpret this as c.£12.6m (vs ED £13.0m, £16.2m FY17) – implying H2 PBT of £5.7m (vs H1 £6.9m), 18% FY18 NFI conversion (vs 23% FY17) and £1.4m of annualised cost savings.
Elsewhere, net debt closed July slightly lower than anticipated at £46m (ED £48m; FY19 £40.3m), despite a £3.5m final payment related to the Feb’17 RSL acquisition – leaving gearing at 3x EBITDA. The appointment of a new CEO is at an “advanced stage”, whilst the Strategic Review is “nearing completion”.
Here, we envisage further restructuring at UK Telco (FY18 NFI fell -24% LFL; -19% H1 and est. -29% H2), alongside self-help measures within Contract (-5% LFL to £56.7m), central resources and a few overseas territories.
Let’s not forget though, that Gattaca is a fundamentally sound business. It is enjoying profitable and expanding positions in UK Engineering (+1% LFL NFI to £47.4m eg Converged Technologies, Infrastructure), International (+7% £14.9m eg North America) and UK IT (+4% eg Cloud, cyber). It is also well balanced across permanent (+19% LFL to £22.1m) and contract (-5% £56.7m) placements to take advantage of the economic cycle. The improvement in ‘Perm’ is partly attributable to signing a number of ‘high quality, multi-year’ Recruitment Process Outsourcing (RPO) clients.

[stemis] 02/8/2018 13:01

According to hxxps://uk.webfg.com/equity/Gattaca forecast PBT is £13m and EPS 22.4 so a P/E of 5.9

What is the ED note? They've already cut the dividend (current forecast 9p for year)

[kmann] 02/8/2018 08:41

Stabilizing here, costcuting helps add to profit. So how much is PBT expected to be?

[imranawan] 02/8/2018 07:46

Check out the ED note. Looks like they are either going to cut the divi, or suspend it to pay down debt.

[pugugly] 02/8/2018 07:23

How will Mr Market react - Lots of honeyed words - On the Surface not as bad as expected -

[stemis] 22/6/2018 10:28

Certainly on the basis of the H1 results and current forecasts, GATC looks very cheap.

Excluding intangible amortisation, H1 profit was £6.055m (I've not added back 'non underlying costs' because they seem to be a regular feature). Forecast for the full year seems to be £13m. Current market cap (at 125p) is £40.2m; so about 3.1 x pre tax profits. Even stripping out debt, the rating only increases to just under 5. Yield on current forecasts is 7.2% and nTAV is 99p. All of which would scream bargain....

Of course the market wants some reassurance that trading has stabilised and there will be no further deterioration. For that we are going to have to wait for the results, probably in early November.

I'd buy more but frankly, after the COO (and now acting and probably to be permanent CEO)'s sale of shares just 3 weeks before a profit warning (and 5 1/2 months into the half year), I'm loathe to rely on anything other than published results. That's not helped by the Chairman ignoring my emails asking for some sort of explanation of whether that sale was authorised and if so, why...

[1lilac] 22/6/2018 09:44

SW

455m funding mcap 5m

just 30 mins ago


Edenville Energy PLC Powerline Financing
22/06/2018 8:45am
UK Regulatory (RNS & others)

Edenville (LSE:EDL)
Intraday Stock Chart
Today : Friday 22 June 2018

Click Here for more Edenville Charts.
TIDMEDL

RNS Number : 2285S

Edenville Energy PLC

22 June 2018

22 June 2018

EDENVILLE ENERGY PLC

("Edenville" or the "Company")

Powerline Financing

Edenville Energy plc (AIM: EDL), the company developing a coal project in southwest Tanzania, is pleased to note that it has been announced that US$455 million of World Bank funding has been approved for the Zambia-Tanzania-Kenya (ZTK) power transmission line.

This funding will allow the construction of high voltage power infrastructure, which specifically includes the transmission line from Sumbawanga to Tunduma and the associated Sumbawanga substation near to the Company's Rukwa project area in southwest Tanzania.

Edenville believes that this news, in conjunction with the Company's operational mining activities, has the potential to be transformational for the Company's planned Rukwa Coal to Power project. It should now allow the Company to progress its integrated Rukwa Coal to Power Project with the intention to develop the facility alongside the role out of the new power line. The Rukwa Coal Project contains 170 million tonnes of Measured and Indicated JORC compliant coal resources and the mine has recently entered commercial production in early 2018.

The Company looks forward to providing further updates as appropriate.

For further information please contact:

[arthur_lame_stocks] 20/6/2018 19:05

I think this has fallen a bit too far if trading is not about to deteriorate much further and may buy some more once i've sorted out getting some more money into my SIPP.

[daz] 20/6/2018 08:05

I'm watching and will look at the chart for an entry point, the recent rise suggests there is some interest at this level but the downtrend is still in place. I'd prefer to see the chart bottoming out first,

[pugugly] 19/6/2018 16:14

Seller still seems active - Now seems happy to trickle out at 126p That is if I am reading level 2 correctly - or is there more concealed bad news on the way and it is leaking? If so message could be GET OUT AT ANY PRICE - Thoughts?

[pugugly] 15/6/2018 14:50

Looks like seller still active - Price down again to 130/139 Spread too wide (imo)
L2 CLOSER TO 134/138

[pugugly] 30/5/2018 13:07

On minimal volume - If the seller has been cleared out then may well bounce on minimal volume but no evidence (as yet) of significant buying pressure - So if seller only paused and still overhang then (imo) lows could well be tested again - Pays your money and make your choice !!

[stemis] 30/5/2018 13:03

I think the share was oversold and hopefully a more realistic valuation will persist from here on. Good business stumble and even encounter tough conditions but they don't become bad businesses overnight (unless management decide to do something stupid). Gattaca is just a good business that bought a struggling business at the wrong time.

[thetiger] 30/5/2018 10:36

I suspect it's more down to Morson appearing on the share register and maybe the clearing out of weak holders.

[skyship] 30/5/2018 10:33

On the leaderboard - up 16% @ 155p - well done Keith...

[value hound] 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.

[grahamburn] 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.

[pugugly] 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) ?????




Have a look at both sites and may I suggest you decide which is which - (No investment advice intended - !!!)

[grahamburn] 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.

[laptop15] 14/5/2018 13:21

Institutions loading up at this level....good indication share price is cheap

[quepassa] 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