Share Name Share Symbol Market Type Share ISIN Share Description
Gattaca Plc LSE:GATC London Ordinary Share GB00B1FMDQ43 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.50 -3.2% 106.00 106.00 110.00 107.00 106.00 107.00 21,521 16:29:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 667.5 -24.9 -85.3 - 34

Gattaca Share Discussion Threads

Showing 276 to 299 of 350 messages
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
DateSubjectAuthorDiscuss
09/11/2018
14:42
Tax should come down a bit with expected reduction in irrecoverable withholding tax. Not sure where their quoted H1 underlying PBT comes from. Subtract £1.197m net finance costs from £7.728m underlying operating profit gives £6.531 PBT.
wilmdav
09/11/2018
10:15
Outlook says that first quarter trading was in line with previous year. Just a reminder of what the interim results were Underlying PBT 6.9m Tax -2.2m Underlying PAT 4.7m Underlying EPS 14.5p The actual result was a loss, of course, due to the large goodwill write off. Without that the figures should look a lot better.
stemis
09/11/2018
08:51
Heading back towards 1 year low of 98.2 - Given mark down this morning to 105 not far to go (imo) Then free fall ??
pugugly
08/11/2018
09:01
When looking at the increase in debt of £0.6m it's worth bearing in mind that the company Paid £6.4m in dividends Paid £3.6m to buy out minority shareholders in RSL Target debt is 2 x ebitda which on current numbers is £30.6m or £10m lower than now. Hopefully that should be achieved by the end of this year and dividends can be restored.
stemis
08/11/2018
08:50
Underlying EPS is 22.6 so currently a P/E of 5.3
stemis
08/11/2018
08:39
Agreed Arthur Underlying EBIT of £14.3m Debt increase of £0.6m after payment of £6.4m of dividends New debt of £40.9m v facilities of £90m and receivables of £109.7m Trading in first quarter in line with last year Underneath the numbers there is a solid business waiting to get out. Hopefully H1 2018 will see a clean set of numbers
stemis
08/11/2018
08:39
post 282 refers and confirms
quepassa
08/11/2018
08:01
Indeed no unpleasant surprises in prelims out this morning with reassuring evidence of cost savings, plus focused investment in growth segments. ED forecasts change little and fair value price retained. Full research note freely accessible here: https://www.equitydevelopment.co.uk/edreader/?ltkn=70867606e2a1c97379064647e5b0983f5pkQDpLT&d=%3D%3DwMwUjM
edmonda
08/11/2018
07:38
No Final Dividend for second half. Total dividend for year of 3p (first half) versus a total of 23p last year. Dire results. A massive Loss of £25 million with EPS at a whopping minus 83.5pence. Not a confident sounding outlook, beset with Brexit concerns. Debt. Read and assimilate. They have negotiated a "more generous" covenant package. They obviously once thought that the original covenant package was generous enough. But no longer. Caveat: "Given the headwinds around Brexit and its potential impact on the economy, we have renegotiated our facilities with HSBC, removing excess facilities and agreeing a more generous covenant profile." A share price of 50p on the cards?? This is looking very uncomfortable in my view. 1. Massive loss 2. Final divi stopped 3. Significant increase in admin costs 4. Renegotiating banking covenants. Good Luck All. But watch out below. These are worrying results in my view ALL IMO. DYOR. QP
quepassa
08/11/2018
07:25
Well results are out. No real surprises I can see. Underlying pbt £12.7m offset by large goodwill write off. No dividend which seems prudent until debt is reduced. I still think these are ludicrously cheap as long as business is stabilising.
arthur_lame_stocks
01/11/2018
10:36
They confirmed in early August that they expect to meet market expectations for underlying PBT. I can't believe that there is much accounting uncertainty in recruitment businesses (it's just billing out costs). I don't see why debt should be a problem. It is confirmed at £46m. At the interim they had £101m of trade receivables. Even on 65% coverage that's a headroom of £20m. I think a lot will depend on the outlook statement. NFI was up 1% on an underlying basis in 2017/18 (6% in total) and H2 was very slightly better, so the business seems to be stable. They are obviously focussing on costs so the market expectation of a small rise in 2018/19 EPS doesn't look stretching. This will have the intangible write off and restructuring costs. It's about presenting the numbers clearly. I think the market concerns are Brexit and IR35 (and, of course, credibility of management bearing in mind what's happened to the company).
stemis
01/11/2018
07:02
I agree, the shares seem ludicrously cheap, the headline figures are not going to be great largely due to the large goodwill write off and debt is a bit high but the balance sheet is not bad with NCA less all liabilities of around £30m (from memory). Recruiters seem out of fashion at the moment, Hays has fallen quite a long way. It seems a bit strange to me with low unemployment.
arthur_lame_stocks
31/10/2018
18:36
Current forecast EPS for Y/E (which I presume is underlying) is 24.45p, meaning current rating is a P/E of 4.9. So hopefully a return towards a more sensible level (which would be more like 200p).
stemis
31/10/2018
14:59
Quite a large rise from below £1, I wonder if it precedes news or if it's just the shares starting to return to a more sensible level.
arthur_lame_stocks
29/10/2018
18:22
Bad news imo in the Budget but expected - Could it be in the price? "Government sustained its attack on the self-employed by announcing plans to extend the draconian ‘Off-Payroll’ rules into the private sector in April 2020" OK was expected next fiscal so has been posponed a year but I am advised that many major users jitttery and avoiding direct contractors as of nwo. Comments/knowldge/thoughts? https://www.contractorcalculator.co.uk/payroll_ir35_reforms_extended_private_sector_april_545410_news.aspx .
pugugly
26/10/2018
11:45
Oh dear. 4th September 2018 Update Note - Gattaca market price 143p. Equity Development INCREASE their Valuation from 175p to 180p. Market price today (less than two months since ED Update) 100p - and falling. Something tells me that the 8th. November prelims will not make happy reading. In my opinion only, Gattaca is a dog. But what concerns me more is that ED appear to be continually barking up the wrong tree. ALL IMO. DYOR. QP
quepassa
19/10/2018
15:42
Hi PUGUGLY - I'm also concerned re the prospect of the kitchen sink as previously stated, but if profits were < the prev statement, wouldn't the have had to update by now? What are the rules on this? Also - what are the expectations?
value hound
19/10/2018
15:27
value hound - Could it be worries about the debt ? "Net Debt, which at the end of July 2018 was GBP41m (being better than our previous estimate of GBP46m). One-time restructuring costs to be incurred during FY19 are expected to be of the order of GBP3m. " or the recoverability of the receivable and or fear of significant further write down of intangibles. Plenty of areas for BLACK HOLES to be found - Could there possibly be another CAKE in the baking? New CEO is bound to Kitchen Sink - - PLUS of course in UK freeze in hirings due to Brexit uncertainty PLUS PLUS of course further crackdown on Self Employed contractors supposed tax advantages in the Autumn Budget - might have a very significant impact on contract revenue OK we know restructuring in hand but given the previous significant importance of conraact revenues could the business model have broken a gear?
pugugly
18/10/2018
08:06
Your thoughts are exactly the same as mine. I'm pretty certain we could generate a lot of shareholder value if we were running it, its just a question of whether current management can.
spooky
18/10/2018
08:01
Well the latest we knew was: "FY18 underlying PBT expected to be broadly in line with market expectations" and we have current assets less all liabilities of £27.78m - versus a mkt cap of £39m at the bid of 121.34p (based on a dummy trade I just did). So what are the market's expectations exactly? Average post-tax profits over the past few years come out around £8.5m and most recruiters seem to reporting well - and founder George Materna with 25% will have his fellow shareholders' interests at heart. But the business as a going concern is still effectively valued at not much over a year's post-tax profits - so something's not right; either trading has deteriorated or the shares are a bargain. I prefer to believe the latter but we'll know more on 8th November. They did talk about a "a final quarter weighting" with the interims, but they also made a pre-tax underlying profit of almost £7m (and re-based the divi to a more realistic level). All in all, I'm neither buying nor selling. You can't imagine the narrative being hugely optimistic on 8 Nov, but there wasn't a further trading update which they'd had to have done, AIUI, if trading had deteriorated further. My best guess is that this is an absolute bargain - but it's also possible that the shares could fall early doors on the 8th. Any views???
value hound
18/10/2018
07:19
going sub £1
quepassa
27/9/2018
11:11
Looks set to trade up again imo
kmann
19/9/2018
08:00
De la Rue....... share price performance absolutely woeful in recent years. First job for Kevin, change the corporate name from Gattaca which was/is bad kharma. ALL IMO. DYOR. QP
quepassa
19/9/2018
07:54
Let's hope he's not one of the new breed of CEOs who come in and immediately kitchen sink things, then make themselves look good by getting the share price gradually back to where it was when they took the helm!
value hound
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
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