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GATC Gattaca Plc

92.50
0.00 (0.00%)
10 Oct 2024 - Closed
Delayed by 15 minutes
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
  0.00 0.00% 92.50 960 07:47:41
Bid Price Offer Price High Price Low Price Open Price
91.00 94.00 92.50 92.50 92.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Employment Agencies 385.17M 1.23M 0.0390 23.72 29.16M
Last Trade Time Trade Type Trade Size Trade Price Currency
09:41:27 O 650 93.40 GBX

Gattaca (GATC) Latest News

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Date Time Title Posts
04/10/202413:32Gattaca - new name for Matchtech parent company1,602
15/8/202419:48Gattaca - It's in the DNA31
18/1/202215:19GATC DELISTING, A REAL POSSIBILITY49
12/11/202108:41BAD ROBOT OR BAD BREATH?1
02/8/201815:51AIM:GATC - Base camp reached and business stable-

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Gattaca (GATC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:41:2893.40650607.10O
07:10:0693.40310289.54O

Gattaca (GATC) Top Chat Posts

Top Posts
Posted at 10/10/2024 09:20 by Gattaca Daily Update
Gattaca Plc is listed in the Employment Agencies sector of the London Stock Exchange with ticker GATC. The last closing price for Gattaca was 92.50p.
Gattaca currently has 31,525,525 shares in issue. The market capitalisation of Gattaca is £29,161,111.
Gattaca has a price to earnings ratio (PE ratio) of 23.72.
This morning GATC shares opened at 92.50p
Posted at 15/8/2024 07:50 by edmonda
An encouraging FY trading update : NFI up 5% in H2 despite a tough market ✔️

Gattaca is outperforming most of its sector on NFI and net cash is 75% of market cap, so Equity Development still see Fair Value at 140p/share (vs 86p last close)

Read/hear their new research note here:
Posted at 16/4/2024 08:02 by edmonda
Trading report in-line with sector peers (new research report - link below)

The results for the six-months to January are robust against a backdrop of declining confidence in both clients and candidates generally. With an improvement in the contract book during early Q3 we think this highlights that the tide is starting to turn and likely to feed through to demand for permanent hires ahead of the CY24 end. With net cash accounting for over 70% of the current market capitalisation, the operating business appears undervalued.

H1 results were broadly in line with expectations, as declining economic confidence reduced NFI by 12.8% yoy, with the UK down 10%. The decline in perm activity was largely responsible for the shortfall, with contract activity remaining robust during the period. Adjusted PBT improved modestly and adj. EPS was unchanged yoy at 1.6p.

Costs have reduced further, although Management continues to add headcount in its core areas of focus and strength. Also several new contracts/renewals were awarded during the period: these are likely to benefit H2 onwards and reflect a resurgent Business Development team.

We have taken a more conservative view of the outlook, reducing FY24 estimates in line with new guidance, albeit still anticipating meaningful growth in activity levels. The operating business excluding the net cash is valued at just £10.5m which seems too low given our EBIT forecasts. As such, we set a fair value of 140p / share.

Link to research report:
Posted at 15/2/2024 08:31 by edmonda
"Profit expectations maintained"

We are encouraged by several aspects of the pre-close trading update covering H1, not least the outcome and movement in net cash. A renewed focus on the cost base should result in improving conversion rates, offsetting any further shortfall in fee income during H2. We also remain confident that a recovery in Gattaca’s markets should emerge during Q4 ‘24/early FY25 supporting a further re-rating of its shares.

The yoy shortfall in NFI of 16% during H1 includes a large RPO contract which ended in September. The H2 ‘23/H1 ’24 comparison is as a result more favourable, with the larger contract included for just two months of the former period, with fee income down 8.6%. Overall, contract NFI was more stable, declining 6% yoy, compared to 38% in perm.

H2 ’24 onwards will witness a greater focus on productivity, resulting in outgoing sales heads in the business not being replaced and further room for cost cutting within perm focused employees. Over the medium term, we expect administration headcount as a proportion of total heads to move towards best industry practice of c.25%, down from the current 32%.

Should we be proved correct on expecting a recovery in the Group’s markets then the current valuation appears too low. Based on a DCF model we retain our fair value / share at 175p.

New research report here:
Posted at 15/2/2024 08:13 by pinemartin9
Not stellar, but not a disaster. Share price is hardly flying anyway so don't expect to see sub 100.
Posted at 30/9/2023 10:13 by blackhorse23
I have also noticed they have started share buy back twice a year , which could push share price higher each year. LITTLE BUY share price GO UP by 10%-15%
Posted at 30/9/2023 10:11 by blackhorse23
Some brokers & institutions like small cap because they can control the share price , specifically profitable company like GATC , likely more buyers than sellers upon dividend announcement.
Posted at 29/9/2023 07:33 by blackhorse23
In 3 Weeks 5p per share dividend announcement as mentioned by company , share price will be double
Posted at 22/8/2023 10:05 by blackhorse23
5p dividend quite lucrative plus share buy back will boost share price TO DOUBLE. Broker target 250p per share
Posted at 16/8/2023 08:28 by blackhorse23
Total dividend 5p per share , share buy back 500k , profit ahead of expectations . Should bring share price their target price 200p
Posted at 28/11/2021 13:16 by antanatar
Very valid points Doug

I dont doubt any measures the Govt take with regards to the new covid varient will have an effect on the market but the GATC share price should not be effected any more or less than the majority of shares.Good companies like GATC who have no underlying problems but great prospects will benefit greatly when a bounce occurs.The employment market will still be tight with employers desperate to hire skilled staff

I personally wouldnt sell because the small volume movements combined with the large spread of GATC have a potential to catch people out who sell now thinking they can get in cheaper.

With regards to NT whilst he posts stop losses he tends not to activate them on volitile low trading stocks.

I will personally ride out the dips and when the hysteria over the new varient settles down and the bounce occurs i will add on the forward momentum
Gattaca share price data is direct from the London Stock Exchange

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