Gattaca Share Discussion Threads

[blackhorse23] 17/4/2023 17:01

Company also started 500k buying back , it will go over 200p , no one will sell , mostly holders are directors & institutional investors

[blackhorse23] 17/4/2023 17:00

It's good , no shorters at this stock

[blackhorse23] 17/4/2023 12:53

Difficult to buy , no one selling lol

[blackhorse23] 17/4/2023 08:50

Bought 10k shares for 98.40p , not showing yet

[blackhorse23] 17/4/2023 08:49

He bought 253p per shares for 100k shares , he owns 25% now

[casholaa] 14/4/2023 11:27

Short memory. I recall George buying some last year.

[catabrit] 14/4/2023 11:23

The buyback isn’t big enough IMO. This is so cheap that I’d rather them 4-5x it and boost FCF per share later down the line. I’m fine with no divi for now but agree with Pine that it will be needed going forwards if this is to get the rating it wants.

[casholaa] 14/4/2023 10:00

Good point. The question then becomes 'how would they benefit from having more shares?'

[pinemartin9] 14/4/2023 09:55

Could we have had a dividend though? Do they/will they actually cancel these shares...I'm always a bit suspicious that buy backs somehow benefit those with their snouts in the trough.

[casholaa] 14/4/2023 09:43

RNS today, they've started buyback

[pinemartin9] 11/4/2023 16:16

People with money to spare looking for a place for their new ISA allowance? Let's see. Either way very welcome rise.

[casholaa] 11/4/2023 16:11

If the buyback has started, it's possible that it was today but we should find out tomorrow with an rns I suppose if that is the case.

[pinemartin9] 11/4/2023 14:08

I just did a dummy order and it seemed easy enough to sell? It let me sell up to 15,000 shares no problem and offered me 93.2p, which tells me that they are confident they can shift them.

[blackhorse23] 11/4/2023 13:49

Easy to buy but difficult to sell

[casholaa] 11/4/2023 12:02

Not selling mine, they'll have to find them buyback shares from elsewhere

[pinemartin9] 11/4/2023 11:55

Having a good crack at 92p again.

[casholaa] 04/4/2023 12:54

I think well footed, possibly not wanting to do a divi but at least a token buyback to add value. Good time to adjust any limit orders I suppose.

[casholaa] 03/4/2023 12:32

Appears to be well footed on the numbers.

[pinemartin9] 03/4/2023 12:05

10 day MA about to pass through 50 day MA. 10 day and 50 day MA above 200 day MA which is also trending up. Larger volumes than normal recently, average 10 day v 3 month volume much higher (70% up). RSI not overbought. Bullish broker comments, recent positive trading update, share buy back announced.

Things looking mush rosier here. When this moves it can move quickly. GLA.

[edmonda] 03/4/2023 09:18

"Well placed to weather even the harshest of storms"

New research report (free & accessible):

Gattaca reported in line H1’23 results (6M ending Jan’23). Underlying NFI climbed +5.2% to £22.7m (£21.6m LY) thanks to two new client wins and strategic price initiatives (+9% contract & 6% perm).

On top, there were standout performances (see note) from defence (+32%), energy (20%) and infrastructure (7%) - partly offset by the shedding of low margin business (2 large accounts) and a not surprisingly less buoyant TMT backdrop (-43.5%, tough YoY comps). We believe the group remains on track to achieve both its ongoing turnaround and longer-term targets, after raising fee earner productivity (+14% revs/head), employee engagement and EBIT/NFI margins to +4.2% (-0.5% LY). This has delivered an H1’23 adjusted PBT and diluted EPS of £0.9m (-£0.3m LY) & 2.0p (-0.8p) respectively.

Despite the economic conditions, we’ve held our conservative FY’23 and FY’24 PBT forecasts at £1.8m (£256k LY) and £4.25m respectively on NFI up 5.3% (£46.5m) and 8.9% (£50.6m), along with reiterating the valuation of 130p/share.

[casholaa] 30/3/2023 12:37

On the tube. Will look at later when I get home.

[pinemartin9] 30/3/2023 08:01

These are the results we'd hoped for last year.

[blackhorse23] 30/3/2023 07:57

No dividend

[blackhorse23] 09/3/2023 08:25

Difficult to sell