Just bought in here
Looks like a recovery play |
Yes all figures are down .... revenues , cash etc |
The cash seems to be reducing by 25% even though the company made a profit....what happened there? |
 "A resilient update that stands out from the crowd" - new research and audio summary available here:
The key takeaway from the trading update for H1 ’25 was a solid trading performance, despite a challenging market environment. We remain encouraged by the static guidance at the adj. PBT level of £3m for FY25, highlighting an improvement in operational efficiency, combined with higher average fee rates.
Contract NFI declined 1% yoy, with increased summer holidays and a late return to work in January modestly offsetting the growth in contractor numbers and higher salaries. Although permanent NFI declined 10% yoy during the period, this demonstrates outperformance relative to its professional service focused peers and GATC delivered growth of 3% on a sequential half-yearly basis.
We have modestly reduced FY25 estimates for NFI (-5% to £39.2m) and, following the reduction in trade creditors (DSOs broadly static), lower our net cash estimate to £16m (previously £20.7m). However, guidance for adj. PBT is unchanged at £3m and we have introduced estimates for FY26 indicating strong growth in profitability and dividends.
In view of unchanged estimates of adj. PBT and the high level of net cash on the balance sheet, we have chosen to retain our fair value / share at 140p. Net cash accounts for c. 73% of the market capitalisation. Stripping out the cash places the group on a FY25 PER of just 4.1x |
Looks like dropping again below 70p |
This is really slumping....Why do you say management are woefully inadequate? |
Bad management , no action regarding share prices, keep falling |
From a valuation standpoint, Gattaca does look compelling, but let's cut through the noise and get real about what these numbers mean in context. 1. Massive Net Cash Position (85% of Market Cap, No Debt) This is a fortress balance sheet. It limits financial risk and provides flexibility for growth, but it also raises a question: Why hasn't the market priced this in? Is the cash being put to good use, or is management just hoarding it? 2. Retained Market Value at 140p, Currently at 80p If the stock is trading at such a deep discount to historical value, we have to ask: What's the market seeing that we aren't? Mispricing can happen, but sometimes, it's justified. 3. Revenue Growth of 9% Per Annum Solid but not explosive. It's decent compounding, but unless margins are expanding or they're reinvesting aggressively, this alone won't drive a rerating. 4. Consistent Dividend + Share Buybacks This signals confidence and shareholder-friendly management. However, buybacks only create value if the stock is genuinely undervalued-otherwise, it's just financial engineering. Final Thought: The numbers look strong, but valuation alone doesn't drive share prices-market sentiment and business momentum do. What's the catalyst that gets Gattaca out of the value trap? If this is purely a "cheap on paper" play with no clear growth driver, it could stay undervalued indefinitely. What's going to make investors wake up to it? |
Gattaca is highly attractive stock from valuation point:-NET cash equates to 85% of market cap (NO DEBT)-retain market Value at 140p/share,currently 80p-revenue growth 9% per annum -pays dividend every year -and share buy back each year |
Why not utilise the cash whilst other companies are vulnerable to a take out? |
Gattaca is highly attractive stock from valuation point:-NET cash equates to 85% of market cap (NO DEBT)-retain market Value at 140p/share,currently 80p |
Share buy back will start soon |
Just received dividends , excellent |
Dividend pay date today |
Has this stock ceased trading? |
Gattaca is highly attractive stock from valuation point:1. NET cash equates to 85% of market cap 2. NO DEBT 3. retain market Value at 140p/share,currently 80p |
Dividend pay date in 10 days |
Bought some |
It is the intention of the Board that the EBT will undertake market purchases up to approximately 240,000 Shares in aggregate over the coming months in ten equal instalments |
Ex dividend date is 31st October & pay date 13 December 2024 @ 2.5p per share |
Only AIM shares pays dividends |
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