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 Shares Traded Last Trade
  2.50 1.69% 150.50 224,949 14:53:50
Bid Price Offer Price High Price Low Price Open Price
148.00 153.00 151.50 148.00 148.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 538.65 1.44 -5.50 48
Last Trade Time Trade Type Trade Size Trade Price Currency
16:12:37 O 10,000 151.00 GBX

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Date Time Title Posts
31/3/202113:23Gattaca - new name for Matchtech parent company418
02/8/201815:51AIM:GATC - Base camp reached and business stable-

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Gattaca Daily Update: Gattaca Plc is listed in the Support Services sector of the London Stock Exchange with ticker GATC. The last closing price for Gattaca was 148p.
Gattaca Plc has a 4 week average price of 121.50p and a 12 week average price of 75p.
The 1 year high share price is 156p while the 1 year low share price is currently 41p.
There are currently 32,138,214 shares in issue and the average daily traded volume is 122,883 shares. The market capitalisation of Gattaca Plc is £48,368,012.07.
edmonda: Optimism reaches the jobs market: at interims GATC reports “improving activity rates” as H1’21 NFI came in at £21.1m. GATC shares trade on modest FY22 multiples of 7.6x EV/EBIT & 11.5x PER and Equity Development upgrade their valuation from 140p to 225p/share. Read new research here:
value hound: Pretty much as expected IMO - no great surprises. Improving activity, slow recovery - expectations of rebound in demand for science & tech recruitment with consequent rebound in PBT. The turnaround ("Improvement Plan") seems to be doing real things in cutting costs rather than the usual guff. The rating is hardly anything at all given the net cash position of 71p per share. Underlying EPS were 10.3p in the last full year to the end of July (so a reasonable chunk of "Covid" etc) and 28.4p for the previous year. EPS will surely rebound sharply now / soon. Recruiters never get much of a rating, but even with a pretty mean valuation, they're worth 150p barring disaster, whilst the cash and NTAV position offer a great deal of downside protection.
edmonda: They have moved back up to £1 recently , Boystown Today's trading update is seen by CEO as 'encouragingly resilient ' NFI in H1 was £21.1m ( -34%) but Q2 NFI was 2% up from Q1, itself 9% above Q4’20. Equity Development leave adj PBT estimates unchanged, as well as 140p fair value/share Lowly rated play on recovery says new research note, you can read it here:
sphere25: They have now Spooky. Naked Trader has just updated his website. He has bought GATC, SOLI, RBGP, SUP, IGG, CMCX, K3C and shorted MOON.
gaiusgracchus: Learning a bit more about the company's history and yeah the Networkers acquisition in 2015 was a complete disaster. That year's AR was a PR document explaining why it was such a great match. Then 2016 AR told us how the acquisition had been successfully integrated. Then 2017 started talking about "challenges". Then the big impairment in 2018. I'm sure this would make for a great case study for a failed acquisition. I have my suspicions on some of the reasons why it failed but I'm sure other people on here know far better.But on the positive side of things, this year's AR was all about the "Improvement Plan". Hopefully this will continue to keep them busy grinding out marginal gains and they won't take their eye off the ball looking for "transformational" deals. At least for another few years...I expect the share price will be quite a bit higher in a year's time. But it's pretty disappointing to see that only one director has a sizeable shareholding, and he's the founder, with the only other director to hold shares only having a paltry 15k. The CEO has been there for over 2 years now. Has he never seen the shares as being good value?
dangersimpson2: They had £34.8m in cash 31st July, and have since used that to repay all of their recourse debt, leaving them debt-free and holding £27.5m cash. If you think all of that is going to be sucked into working capital hence them needing more capital then that is a more bullish case than any of the brokers are forecasting. If they trade so well that they need more capital the share price will be £2+ on earnings.
quepassa: ......or maybe just the old trick of walking+talking the share price up prior to an expensive/over-priced rights issue or share placement. if you see a raft of further news releases combined with sudden share price movements, you'll know the answer. let's face it, the current UK unemployment situation and outlook appear very bleak and there will likely be many more firings than hirings over the coming next twelve months. all imo. dyor. qp
stemis: Looks like the market has woken up to GATC. Tried to get some more at 60p but couldn't deal. Easy to sell though...
dangersimpson2: Or that trough EBITDA would cause them issues with their covenants, which again has been put to bed with confirmation that the RCF has been paid and no covenants are in place on the business. I don't see why this should trade at a discount to TBV when most recruiters trade at a premium at the moment, and GATC is in the right area (STEM) with significant cash resources. A modest 1.2 x TBV would be 100p per share. This still looks significantly undervalued just comparing to other small cap recruiters, let alone if the employment cycle turns.
value hound: Well even at the improved price of 54.5p, the mkt cap is only £17.6m. Like all recruiters, turnover figures are massive in relation to mkt cap (so v.low psr) but bear in mind that sales have gradually grown over the last few years, but profitability has been somewhat “patchy” :-) Nevertheless, operating profit four years ago on a lesser t/o exceeds the current mkt cap - and the share price then was 340p. It even entered this year at 124p. The balance sheet shows NTAV of £29.26m, and current assets less all liabilities of £17.56m. But as pointed out above, they may face liquidity problems as, like all recruiters, there’s a big chunk in trade and other receivables. I think it’s this that has been holding the price back in these unprecedented times etc., in addition to the obvious fears of hugely reduced business, but I also think this has been overdone. Also, the current situation could actually improve cashflow as pointed out by SteMis above. So I think we have to look out at the horizon a little and think what a reasonable valuation may be a year or more from now, and on that basis, any kind of partial return to previous profitability, with a reasonable multiple (even though PERs are always low with recruiters), reinstatement of the divi (hopefully) which was consistently over 20p until last year, and the balance sheet strength means you come out at a healthy multiple of the current share price. What’s more, the founder (and NED Deputy Chairman) holds a quarter of the stock, so hopefully has his eye on the ball.
Gattaca share price data is direct from the London Stock Exchange
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