Gattaca Share Discussion Threads

[casholaa] 16/8/2023 17:39

lol, hang on Katsy... the rns itself says "-- Strong balance sheet with statutory net cash as at 31 July 2023 of GBP21m (31 July 2022: GBP12m) "

I'm still at a loss here about where that £9m came from lol

I think it must be from investments -assets/cash equivalents... it'll be on the balancesheet at some stage...

[km18] 16/8/2023 17:05

Gattaca plc issued a positive trading update for the year ended 31st July. Group continuing Net Fee Income is expected to be £43.6m (FY22: £44.1m), a decrease of 1% year-on-year, with the mix split between Contract 72% and Permanent 28%. The Group expects to report continuing underlying PBT of £2.5m for FY23, ahead of expectations as a result of the Group's cost rebalancing programme and exit from low margin contracts. The Group’s balance sheet remains strong with statutory net cash at 31 July 2023 of £21m (31 July 2022: £12m.) Valuation is also attractive with forward PE ratio at 10.2x round about top third for the Professional & Commercial Services sector. Main cloud on the investment horizon is the weak economic back drop which is not helpful for the sector. GATC is a solid recruitment firm, but remains a share to monitor for the time being...

...from WealthOracle

[katsy] 16/8/2023 15:43

How did cash from 12m to 21m, I think that was a typo as I remember them having something closer to £20m before.

[blackhorse23] 16/8/2023 15:24

Buy back will start soon , according to RNS

[blackhorse23] 16/8/2023 13:48

Generous dividends , 5p per share , better than FTSE 100

[casholaa] 16/8/2023 13:48

Baffles me how they could zoom-up to £21m on £2.5m ???? Do you think they went short on EMP or STAF??? lol

[monet] 16/8/2023 13:43

Bruce, started paying dividends again also a special dividend plus buyback.£21m in the bank. How many small companies with that sort of money in the bank? Also it could be a takeover target?

[blackhorse23] 16/8/2023 13:41

My buying is showing red lol

[blackhorse23] 16/8/2023 12:53

Mcap too low

[brucie5] 16/8/2023 12:10

Chart looks peachy, but it's failed repeatedly to break upwards since May. Why should this time be any different?

[pinemartin9] 16/8/2023 11:57

Seems good value. Definite 4 to 5% dividend coming here too. Just needs some volume...perhaps some coverage in the trade press such as Naked Trader or Investors Chronicle. Marketing like that would pull in new retail Investors.

[monet] 16/8/2023 09:18

Company only valued about £12m when you take off the £21m cash it has.

[casholaa] 16/8/2023 08:41

Well ahead of what I was expecting. Statutory cash looking stellar too imho.

[blackhorse23] 16/8/2023 08:28

Total dividend 5p per share , share buy back 500k , profit ahead of expectations . Should bring share price their target price 200p

[blackhorse23] 16/8/2023 08:12

5p per share dividend

[blackhorse23] 16/8/2023 08:05

Excellent results

[edmonda] 16/8/2023 07:56

A more positive FY update today than most others in sector: continuing NFI seen just 1% lower at £43.6m and expected FY23 PBT above expectations at £2.5m; outlook is realistic but confident.
Net cash of £21m at 31 July y/e allows plans for 2.5p final div, 2.5p special div, and new £0.5m share buy-back

Encouraging progress

[babbler] 16/8/2023 07:45

Or more...

[casholaa] 15/8/2023 16:30

Most recent 'broker' estimate -bearing in mind 'broker' estimate using the word 'conservative', I think is 110p... as long as they don't much things up, it should imho be sat at atleast 110p tomorrow.

[katsy] 15/8/2023 14:02

Damn, appears to be breaking down from the ascending triangle chart formation.

[blackhorse23] 15/8/2023 11:26

All sell today

[casholaa] 04/8/2023 13:46

Fair enough but it's a specialist recruiter/head-hunter.... no fruit picking here

[catabrit] 04/8/2023 09:37

Some weak updates from recruitment companies in recent weeks.

[casholaa] 31/7/2023 12:51

My bad, FY on 16th Aug.

*But I'll bet that FY gets delayed due to auditors! Which would be consistent with most of my other holdings this year.