Gattaca Share Discussion Threads

[early retirement] 04/11/2021 10:07

Spacebob

Superb post, tx

[danb45] 04/11/2021 10:04

Crikey - I seem to have hit a nerve there lol - it's only money.As well as following NT's trades maybe you should follow his mantra of being nice to people - he stays clear of bulletin boards to avoid people like you.

[space_bob] 04/11/2021 10:02

The type of roles Gattaca fills are not shelf stackers or bar staff. They're high skill jobs with blue chip companies where the cycle from identifying a resource need to someone actually starting on either a temp or perm basis probably averages 3-6 months.

The reporting year covers July 20 to July 21 and the jobs market was pretty much dead from May 20 to Feb 21. With that in mind the figures are pretty respectable because they're pretty much aligned with the absolute worse period.

I've had dealings with Gattaca. In my field which is a good chunk of Gattaca's profits, the clients have been basically shut down but have been opening back up very fast for 6 months and this wont be reflected in these figures.

The tax changes on investment means that some companies are throwing massive sums at projects, each project creating numerous high margin contract roles. In my field high level security clearance is usually required and the government departments had a 6 month backlog until recently, seriously delaying start dates.
Also the move towards perm roles from contract is due to IR35 changes making perm roles far more attractive.

[danb45] 04/11/2021 09:44

figures down considerably on last year - very bad results :-(

[early retirement] 04/11/2021 09:40

equitydevelopment. co.uk/research/buoyant-jobs-market-bullish-outlook


you need to close the spaces to bypass advfn stupid censorship

[early retirement] 04/11/2021 09:36

The return to a dividend can only mean good news.




contrarian123

Today 07:59


Another promising company returning to dividends. Bumber year. Roll on 280p




chris_g

Today 09:18

I agree, but am a little bemused by the share price movement this morning. To me the results look like they came in at least in line with the post year end trading update and there didn't seem to be any overt negatives in the outlook. Yet the shares are down 15% at the moment. So much for efficient markets??

[early retirement] 04/11/2021 09:34

i find it totally ridiculous on this news a 15% drop


jumped in at 173 with 7k


i discovered gatc from naked trader

[early retirement] 04/11/2021 09:32

FROM LSE SITE

285P FAIR VALUE BROKER'S NOTE SAYS


EquityDevelopmen

Today 07:40

Posts: 131

Price: 207.00

No Opinion

FY results from GATC were in line and saw H2 PBT jump to £2.8m from £0.4m in H1, with NFI up 5% to £21.6m vs H1; encouragingly the dividend returns at 1.5p
Despite acute labour shortages + positive outlook, for now Equity Development retains a 285p/share fair value (210p last close)


See the full new research note here (free access) :

hxxps://www. equitydevelopment. co.uk/research/buoyant-jobs-market-bullish-outlook

[casholaa] 04/11/2021 09:29

Here comes my unashamed bit of ramping to warm me up on this chilly morning. Post 594 (above) quoting from the coverage "At 210p, GATC trades on undemanding FY22 multiples of 10.4x EV/EBIT and 14.5x PER vs 11.4x & 16.8x for peers; yet we err on the side of caution for now and retain our Fair Value at 285p/share."

It reads to me like 285p is a restrained fair value price.

[gus111222] 04/11/2021 09:29

In the end I didn't buy at the daily 200EMA (180p 30th Oct) which I thought was a nice area for a bounce. What I noticed from reviewing their previous trading updates is in the outlook section they do not provide any details despite being well on with new trading year. How was I to evaluate post lockdown performance? I will wait to see something more concrete on their turnaround post pandemic.

[primarch1] 04/11/2021 09:22

Really going for those stop losses, was no surprises from the trading update.overall impressive results considering the COVID disruption.this market is hard to judge at the moment had the same with upgs and Luce.happy to hold but this is painful

[johndoe23] 04/11/2021 09:22

Was there a profit warning this morning?!

[primarch1] 04/11/2021 08:35

Sorry meant George ceo his recent share buys

[georgeg2] 04/11/2021 08:24

I was in at 177 previously so didn't really damage... me just robbed my gains. Happy to stick with these guys.

[insideryou] 04/11/2021 08:18

How about go the other way.

[jonny_wright] 04/11/2021 08:15

Good buying opportunity

[primarch1] 04/11/2021 08:14

Bet George thinks the same

[georgeg2] 04/11/2021 08:08

Wish I'd sold and brought back in at this level. Great opportunity.

[primarch1] 04/11/2021 08:05

Knocking out some stop losses shock horror

[dougmachin] 04/11/2021 07:43

Great minds and all that !!

[johndoe23] 04/11/2021 07:42

Decent results and outlook. Nice revenue, earnings and profit beat compared to stocko numbers for FY'21

[dougmachin] 04/11/2021 07:39

Buoyant jobs market, bullish outlook

UK employers are scrambling to backfill 1.1m positions displaced by the pandemic, amidst a tightening resource pool. Exacerbated by low unemployment, rising salaries, greater staff churn & many people simply opting for a career change. Indeed there are now on average just 1.5 unemployed people per job vacancy.

These acute labour shortages are not only prevalent in healthcare, leisure (eg waiters) & transport (HGV drivers). But also software, digitisation, renewables (eg off-shore wind & hydrogen), electrification, defence (cyber & marine), engineering and infrastructure. All are core competencies of STEM recruiter Gattaca, who today posted ‘in line’ FY21 results.

Despite headline FY’21 PBT falling 41% to £3.2m on NFI down -20% to £42.1m, adjusted H2’21 NFI climbed 5% sequentially to £21.6m vs H1, due to favourable permanent placement, technology, solutions (29% NFI) & RPO activity. Boosting H2 PBT to £2.8m (vs £0.4m H1) on the back of tight cost control, improving conditions, economies of scale and an estimated £3.3m of annualised savings (net) derived from the ‘Improvement Plan’.

Gattaca generated approx. £1.5m of incremental cash and repaid its RCF in full (£15m in Oct’20). Meaning the group is now entirely covenant free, sporting ample liquidity to pay a 1.5p dividend (£484k) from net funds (pre IFRS16) of £19.9m - excluding £5.6m of deferred VAT (to be settled by Feb’22) and £14.2m of non-recourse finance.

At 210p, GATC trades on undemanding FY22 multiples of 10.4x EV/EBIT and 14.5x PER vs 11.4x & 16.8x for peers; yet we err on the side of caution for now and retain our Fair Value at 285p/share.

[edmonda] 04/11/2021 07:36

FY results from GATC were in line and saw H2 PBT jump to £2.8m from £0.4m in H1, with NFI up 5% to £21.6m vs H1; encouragingly the dividend returns at 1.5p
Despite acute labour shortages + positive outlook, for now Equity Development retains a 285p/share fair value (210p last close)

See their full new research note here :