Gattaca Share Discussion Threads

[apatel21] 31/1/2022 11:22

AgreeGATC has massively underperformed the market in terms of business performance.Recruiters have never had such a strong market for at least 12 years.It's hugely disappointing from the management here.

[davidro77] 31/1/2022 11:05

SThree reports record performance in final results https://www.hl.co.uk/feeds/apps/sharecast?id=32427559SThree said the strength of its contractor order book and recent trading was tracking ahead of expectations, with the directors now anticipating double-digit net fee and profit growth for 2022.So raises again the question, why did Gattaca cite a delayed recovery in the contract market when others have been able to flourish?

[dougmachin] 27/1/2022 14:55

You gotta think that George Materna is giving himself and the entire staff of Gattaca a thoroughly good talking to.

And the whole company is having a good hard look at itself.

Not to mention HRNet hopefully pushing some really good questions and demands to the Gattaca management.

I've seen profit warnings from companies in the past 6 months and I'm just thinking "that company's not going to recover".

But with Gattaca, I see there's every chance of recovery.

Hold for 24 months, surely that's the best option at this point. Could get 100-200% returns from here...

[dougmachin] 27/1/2022 14:49

Flippin 'eck some blue with Gattaca.

[casholaa] 24/1/2022 13:00

Biden possibly has a 'short' on everything.

[forethought] 21/1/2022 15:28

This for me is what makes it ripe for a takeover. If all it needs is a cull and a change of personnel with the right skills then hey, watch out current directors.

[gattacawatch1] 21/1/2022 12:14

It is absolutely true that Matchtech was a fantastic business, and poor, largely ego-driven acquisitions by Brian Wilkinson have hurt the company. It just needs a recruitment person without ego to replace the leadership, and it could be quickly developed into a highly profitable business. It has the reach into the candidate market and it has the client relationships. The current leadership is letting shareholders down very badly.

[davidro77] 21/1/2022 11:53

Shocking destruction of shareholder value....

[gattacawatch1] 21/1/2022 11:51

The recruitment market is busy, and Gattaca's comparators are all on a much more positive trajectory. The leadership is the problem in this business, and Kevin Freeguard is not a recruitment man. The company is bloated and has too many chiefs. It needs a new broom, as it is very tough to fail in the current recruitment market!

[stemis] 20/1/2022 19:49

Gattaca certainly used to be a very good business when it was just Matchtech. However since it bought Networkers, nearly 7 years ago, it seems to have gone to hell in a basket. At the time it made the acquistion the share price was 528p. It's now 92p. It bought Networkers for £57.9 million, when Matchtech was valued at £131.8m. The whole group is now worth £29.7m.

[briancanning1] 20/1/2022 14:07

The number of contractors out there has taken a big dip as of last april because of IR35 tax rules effectively destroying the contractor game in many sectors...could be a contributing factor

[doobz] 20/1/2022 14:01

David - it's a flip of a coin for me now this one. They should really have done better given the overall market they are in, can they recover and start to capitalise on this is the question. Still way oversold in my view, can only hope they do some good business by end of March.

[davidro77] 20/1/2022 13:05

But surely this is a massive red flag - they hired loads of people for the recovery, recruitment has been booming, and yet - they cite delayed recovery and a poor contract market as the reason for the miss?This suggests something is fundamentally wrong with their execution. Like others have said, how can you miss so badly in a booming market? Assuming the price doesn't fall further perhaps it is worth holding on at this point but confidence in mgmt severely shaken

[morti1] 20/1/2022 08:41

Recruitment is seemingly doing well at the moment. GATT therefore only needs to address its strategy and approach, which could be the decisive factor to accelerate recovery. Recovery definitely possible here.

[pinemartin9] 19/1/2022 14:47

Totally agree. Fortune favours the brave. Yesterday was a golden opportunity and gift from the stock market gods. We either sit there like a rabbit in the spotlights or make our move. Time will tell. Yesterday's drop was fuelled by various factors. A lot of PIs jumping ship with stop losses triggered. More signifantly a failure on the part of those doom mongers to understand the story here is now a recovery play and that time period has been pushed back by 6 months or so. Some people wanted out and they got out. I got in.

[forethought] 19/1/2022 12:36

As we have now clearly passed peak infection and begin to see the start of the end of restrictions, thus returning to some degree of normality, I expect a more positive forecast come the interims at the end of March.

[stemis] 18/1/2022 17:46

Yes, it's quite a drop. £5.6m of the £14.89m 'forecast' drop (from £19.89m to £5m) is due to repayment of deferred VAT but I guess the rest must be working capital or further spend on their systems...

[castleford tiger] 18/1/2022 16:51

Babbler

Where does it say cash has reduced from 20 to 7 m ?

[babbler] 18/1/2022 16:43

it's in the rnsinvestments in technology and sales headcount

[castleford tiger] 18/1/2022 16:29

Where has all the cash gone?
forecast year end 7 m?

ouch

[volvo] 18/1/2022 16:25

Yes took a double position at 92p to sit and wait

[stemis] 18/1/2022 16:10

ED's proposition is that it's just a delay but then lop 40% off their valuation ??

[pinemartin9] 18/1/2022 16:06

I love shopping in the sales. Tuck this one away. Focus energy elsewhere.