Share Name Share Symbol Market Type Share ISIN Share Description
Gattaca Plc LSE:GATC London Ordinary Share GB00B1FMDQ43 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.00 0.93% 109.00 106.00 112.00 0.00 0.00 - 2,788 16:35:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 667.5 -24.9 -85.3 - 35

Gattaca Share Discussion Threads

Showing 201 to 225 of 350 messages
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
DateSubjectAuthorDiscuss
24/4/2018
11:30
Pugugly, I also keep a close eye on the overdue debt position. However, when Carillion went bust the majority of GATC's debtor exposure was covered by insurance (which was a nice surprise to me!). I presume that most if not all trade debtors are also insured which would mitigate any impact from debts going bad and may explain why there is no provision against the overdue balances.
prop_joe
24/4/2018
10:55
Could be a small black hole here (imo) Included in the Group's trade receivable balance are debtors with a carrying amount of GBP15,772,000 (31 January 2017: GBP12,899,000, 31 July 2017: GBP15,661,000) which are past due at the reporting date for which the Group has not provided as the Directors do not believe there has been a significant change in credit quality and consider the amounts to be recoverable in full. The Group does not hold any collateral over these balances. The Directors consider all trade receivables not past due to be fully recoverable. Ageing of overdue but not impaired trade receivables: 31/01/2018 31/01/2017 31/07/2017 Number of days overdue unaudited unaudited audited GBP'000 GBP'000 GBP'000 0-30 days 9,384 8,250 9,007 30-60 days 2,648 2,304 3,233 60-90 days 1,618 1,216 1,463 90+ days 2,122 1,129 1,958 15,772 12,899 15,661 ------------ ------------ ------------
pugugly
19/4/2018
17:52
Current value at 165p = £52m Annualised PBT (pre goodwill w/off and exceptionals) = £13m Tangible net asset value = £33m The business has certainly had a knock but it's a profitable, asset backed company paying a dividend (annualised yield = 3.6%). Hardly a basket case.
stemis
19/4/2018
08:02
There are some decent areas of the business but that networkers acquisition has really destroyed shareholder value here. I'm on the sidelines still and still feel IR35 will have an effect on the business. It shows that contract NFI is down while Perm NFI is up.
jimmywilson612
19/4/2018
08:02
QP: Agreed - Looks horrible at fist glance - Cannot see any reason to jump in. Need to study in more details but increased debt and possible futher impairments (imo) of intangibles are 2 red flags.
pugugly
19/4/2018
07:41
Terrible results in my opinion. Earlier posts refer. In my opinion only this share displays heightened significant downside risk. In my opinion only this share has a distinct chance of going sub 100p. Good luck all but buckle in for a bumpy flight and possible rapid loss of altitude. All imo.dyor. Qp
quepassa
05/4/2018
16:08
Recent posts refer. 150p increasingly in sight. And now tumbling precipitously. If it hits 150p in next few days, cannot rule out possibility in my view that 100p will be breached. ALL IMO. DYOR. QP
quepassa
30/3/2018
17:38
There is a semi-reassuring note about IR35 on page 20 of the 2017 Annual Report. Half-year results are due on 19th April. I still hold these and have only just got round to reviewing them following the profit warning of 7th February. I suppose a new CEO might want to cut the dividend further to increase growth prospects but that seems unlikely. George Materna, founder and deputy chairman, owns 25% of the shares and he is already taking a 50% income hit. On 22nd February Intrepid Capital Management Inc. bought 7.8% of the shares, which was encouraging. Adjusted eps is forecast to drop from 35.3p to 29.0p in 2018 and then grow at around 10% per year for 2019 and 2020. There is certainly scope for growth on the basis of current p/e and price/sales ratios but patience of the long term variety might be required. It remains a high income stock in spite of the drop, and will hopefully remain so. Http://www.david-wilmshurst.co.uk/gatc/gatc_data.htm
wilmdav
27/2/2018
17:06
Seems like they've doubled their investment here. The fundamentals do warrant it at these levels but the big unknown is IR35. I would rather wait until the government is clear what the outcome will be with this, even if that means buying in at a higher price.
jimmywilson612
23/2/2018
08:51
Intrepid Capital Management have 7% of Gatc which they seem to have acquired over a few days. Good news?
yellowdog
17/2/2018
10:15
I'm tempted at these levels. Debt is high, but they paid out circa £10M in dividends last year (which was basically all their profit) so glad they're resetting the cover at 2x. Therefore they can, in my opinion, quickly reduce debt to more manageable levels. The risk is the IR35 being included into the private sector. Whilst Perm/International is growing, circa 3/4 of revenue is from contract (I'll assume most from within the UK). If you include International/Perm fees together, this is circa half of NFI. Therefore any change in legislation is going to have a massive effect on the bottom line. As mentioned, tempted at these levels, but might keep the powder dry until the government shows their cards.
jimmywilson612
10/2/2018
16:48
They're cheap if they meat forecasts, unfortunately they don't seem to be able to.On my watchlist.
che7win
10/2/2018
16:22
These don't look particularly cheap to me even after the price fall. I don't think i'd risk it with all that debt they have.
arthur_lame_stocks
09/2/2018
10:35
Next stop 150p??? Beware the old adage that profits warnings come in threes. ALL IMO. DYOR. QP
quepassa
08/2/2018
10:45
All: Thought, as HM Gov is having a crackdown on consultants and personal service coys being used to reduce National Insurance Contributions plus increasing deductible expenses could there be a possibility that many of the "temporaty contrators" will be forced to be reclassified as "permenant employees" In which case might there not be erosion of NFI. Just speculation but has anyone direct experience of this scenario? - If correct could hit most of the recruitment sector.
pugugly
08/2/2018
10:17
As I said a few weeks ago debt is a concern here, with the market becoming tougher and profits lower debt near 40 million is too much for a business valued at 63 million. These may be worth buying at some point however that point could be well into the future. Over the years I have learnt if debt looks like it could get too big you don't go near the business even if it looks cheap. There could be money to be made trading this between £1.80 and £2.20 however I don't think it's worth the risk.
eastbourne1982
08/2/2018
09:58
Just three months ago on 10th. Nov 2017 , Equity Development valued Gattaca at 380p and said 310p seemed to represent good value: Price today? CEO quits. Likely dividend cut. Profits warning. In my opinion, now that 200p has been precipitously breached (current showing at 195p), I personally in my view only cannot rule out the possibility that this share may or may not fall significantly further. GLA . ALL IMO. DYOR. QP
quepassa
08/2/2018
09:30
For those wanting an external view on yesterday's announcements, first research note out earlier today with new forecasts. Free access here: https://www.equitydevelopment.co.uk/company/?company=Gattaca&c=wATO
edmonda
07/2/2018
16:25
QuePassa - Any thoughts on what might be non recurring costs ? Not visited here before only looked in as top list faller - CEO gone - profit warning _ Fully agree wit coments about name change - What the hell does Gattaca stand of - Almost sounds like Gotchya - ie. We have screwed you !! Not a clever move - With the old name it was like a grocery product - The name is on the can - "We match technicians to the requirements of our clients" Having read the thread - The announcements etc Many of the thread contibutors being well respected members of the community decision made to watch but not grab at this level - Sectorwise recruitment under major competitive pressure (imo) Or am I making a mistake somewhere?
pugugly
07/2/2018
14:58
BIG PROFITS WARNING;- "Notwithstanding these savings, profits before tax excluding non-recurring costs are now expected to be in the order of 15% below the Board's previous expectations." Dividend likely to be slashed. CEO quits. ...not a good series of events.... Please come back Adrian Gunn. This is fast going sub 200p in my view. In addition to brolly and shamrock, I now recommend hard-hat and brown trousers. ALL IMO. DYOR. QP
quepassa
07/2/2018
14:40
Fired. Quite right too. He has been useless
mammyoko
07/2/2018
14:37
Inevitable. Div was being for out of borrowings!
mammyoko
07/2/2018
14:31
Hmm: "("Gattaca" or, "the Group") Directorate Change - Resignation of CEO The Company today announces that Brian Wilkinson has tendered his resignation as Chief Executive Officer as he wishes to retire from full time executive roles. He will step down from the Board with immediate effect. In line with his contractual obligations, Brian will be available to the Company during his notice period. Accordingly, the Board has commenced the process to recruit his successor as Chief Executive Officer and will look both externally and internally. "
spectoacc
05/2/2018
18:48
5 Year LOW for Matchtech/Gattaca. Bottom-drawer performance. My guess is that this will be testing the 200p level in the ntdf and perhaps tumble through it. Weak small cap stocks are being caned by the market. Large scale Woodford fund redemptions are in my view not helping the sector. GLA but carry a brolly and a shamrock. ALL IMO. DYOR. QP
quepassa
17/1/2018
20:58
OK, understood. Guess it was nervousness about the previous unknown degree, and maybe also the sector and stage in the cycle.
briangeeee
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
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