Gattaca Share Discussion Threads

[mrmark01] 12/3/2021 10:31

it certainly ticks all the boxes on stockopedia its one of the top stocks!

[stemis] 12/3/2021 10:10

Well the current valuation certainly isn't out of kilter with potential profits if normal business returns. In 2019 underlying earnings were 27.5p, so even after this rise it would still be on a P/E of just 5.4

[mrmark01] 12/3/2021 09:47

whats driving this higher? bought on monday - just keeps going up. not sure if to sell or buy more...

[bahiflyer] 12/3/2021 09:33

Well its not going up because of volume traded.
Up another 10p on 32K shares traded

[stemis] 11/3/2021 17:34

HRNet own 5.9%

MMGG, who acquired Morson Group in 2012, also own 16.0%

The sticking point is founder George Materna who owns 24.4%. But he's 67 now. If he could be persuaded to sell, the three own 46.3%

[gripfit] 11/3/2021 16:13

Do Hrnet own some of this ??

[stemis] 11/3/2021 11:47

This has got a smell of something a bit more than re-rating...

[southpole171] 11/3/2021 10:59

Tried buying a few time but cant

[brucie5] 05/3/2021 13:42

Higher and higher.

[stemis] 01/3/2021 13:27

Looks like it's off again...

[energeticbacker] 17/2/2021 11:41

This Bonkers Bargain is up more than 50% since Investor's Champion original research but still looks cracking value.

[value hound] 17/2/2021 08:59

Pretty much as expected IMO - no great surprises. Improving activity, slow recovery - expectations of rebound in demand for science & tech recruitment with consequent rebound in PBT. The turnaround ("Improvement Plan") seems to be doing real things in cutting costs rather than the usual guff.

The rating is hardly anything at all given the net cash position of 71p per share. Underlying EPS were 10.3p in the last full year to the end of July (so a reasonable chunk of "Covid" etc) and 28.4p for the previous year. EPS will surely rebound sharply now / soon.

Recruiters never get much of a rating, but even with a pretty mean valuation, they're worth 150p barring disaster, whilst the cash and NTAV position offer a great deal of downside protection.

[edmonda] 17/2/2021 07:42

They have moved back up to £1 recently , Boystown

Today's trading update is seen by CEO as 'encouragingly resilient '
NFI in H1 was £21.1m ( -34%) but Q2 NFI was 2% up from Q1, itself 9% above Q4’20. Equity Development leave adj PBT estimates unchanged, as well as 140p fair value/share

Lowly rated play on recovery says new research note, you can read it here:

[sphere25] 10/2/2021 16:06

They have now Spooky.

Naked Trader has just updated his website.

He has bought GATC, SOLI, RBGP, SUP, IGG, CMCX, K3C and shorted MOON.

[spooky] 04/2/2021 16:01

Have these been tipped?

[gaiusgracchus] 30/12/2020 18:35

Learning a bit more about the company's history and yeah the Networkers acquisition in 2015 was a complete disaster. That year's AR was a PR document explaining why it was such a great match. Then 2016 AR told us how the acquisition had been successfully integrated. Then 2017 started talking about "challenges". Then the big impairment in 2018. I'm sure this would make for a great case study for a failed acquisition. I have my suspicions on some of the reasons why it failed but I'm sure other people on here know far better.But on the positive side of things, this year's AR was all about the "Improvement Plan". Hopefully this will continue to keep them busy grinding out marginal gains and they won't take their eye off the ball looking for "transformational" deals. At least for another few years...I expect the share price will be quite a bit higher in a year's time. But it's pretty disappointing to see that only one director has a sizeable shareholding, and he's the founder, with the only other director to hold shares only having a paltry 15k. The CEO has been there for over 2 years now. Has he never seen the shares as being good value?

[value hound] 29/12/2020 22:11

FWIW, I agree with your brief analysis gaiusgracchus - and think it's worth easily 130p fwiw. It could be a lot more, but I'll judge it at that stage if we ever get there.

[gaiusgracchus] 29/12/2020 21:04

Just come across this company for the first time and seems cheap. Intend to read up on it properly but it seems they've had a history of poor capital allocation - big acquistion in 2015 that was massively impaired in 2018. I realise that there's a different management team these days. Have shareholders got more confidence in the current team's capital allocation abilities?

[dangersimpson2] 09/11/2020 21:33

They had £34.8m in cash 31st July, and have since used that to repay all of their recourse debt, leaving them debt-free and holding £27.5m cash. If you think all of that is going to be sucked into working capital hence them needing more capital then that is a more bullish case than any of the brokers are forecasting.

If they trade so well that they need more capital the share price will be £2+ on earnings.

[quepassa] 09/11/2020 11:29

......or maybe just the old trick of walking+talking the share price up prior to an expensive/over-priced rights issue or share placement.

if you see a raft of further news releases combined with sudden share price movements, you'll know the answer.


let's face it, the current UK unemployment situation and outlook appear very bleak and there will likely be many more firings than hirings over the coming next twelve months.

all imo. dyor.
qp

[stemis] 09/11/2020 11:19

Looks like the market has woken up to GATC. Tried to get some more at 60p but couldn't deal. Easy to sell though...

[brummy_git] 06/11/2020 15:15

Mentioned on today's vox markets stock-picking video

hxxps://www.linkedin.com/posts/paul-hill-a5994116_justin-waite-paul-hill-talk-about-7-stocks-activity-6730489344181768192-vA_g

[dangersimpson2] 05/11/2020 10:01

Or that trough EBITDA would cause them issues with their covenants, which again has been put to bed with confirmation that the RCF has been paid and no covenants are in place on the business.

I don't see why this should trade at a discount to TBV when most recruiters trade at a premium at the moment, and GATC is in the right area (STEM) with significant cash resources. A modest 1.2 x TBV would be 100p per share.

This still looks significantly undervalued just comparing to other small cap recruiters, let alone if the employment cycle turns.