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
  -0.50 -0.92% 54.00 451 13:15:42
Bid Price Offer Price High Price Low Price Open Price
53.00 55.00 54.50 54.00 54.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 667.54 -24.86 -85.30 17
Last Trade Time Trade Type Trade Size Trade Price Currency
13:15:13 O 451 53.50 GBX

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Date Time Title Posts
11/9/202009:35Gattaca - new name for Matchtech parent company381
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 54.50p.
Gattaca Plc has a 4 week average price of 54p and a 12 week average price of 41.70p.
The 1 year high share price is 135p while the 1 year low share price is currently 28.90p.
There are currently 32,138,214 shares in issue and the average daily traded volume is 2,292 shares. The market capitalisation of Gattaca Plc is £17,354,635.56.
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.
stemis: Well, at least we seemed to have talked the share price
stemis: Wow. Decent set of results, with sizeable debt reduction and confirmation of on track for a P/E rating of 5 and share price drops...
quepassa: No Final Dividend for second half. Total dividend for year of 3p (first half) versus a total of 23p last year. Dire results. A massive Loss of £25 million with EPS at a whopping minus 83.5pence. Not a confident sounding outlook, beset with Brexit concerns. Debt. Read and assimilate. They have negotiated a "more generous" covenant package. They obviously once thought that the original covenant package was generous enough. But no longer. Caveat: "Given the headwinds around Brexit and its potential impact on the economy, we have renegotiated our facilities with HSBC, removing excess facilities and agreeing a more generous covenant profile." A share price of 50p on the cards?? This is looking very uncomfortable in my view. 1. Massive loss 2. Final divi stopped 3. Significant increase in admin costs 4. Renegotiating banking covenants. Good Luck All. But watch out below. These are worrying results in my view ALL IMO. DYOR. QP
quepassa: De la Rue....... share price performance absolutely woeful in recent years. First job for Kevin, change the corporate name from Gattaca which was/is bad kharma. ALL IMO. DYOR. QP
stemis: New CEO - ex Verifone (US technology company providing point of sale of sale systems). Here is his CV - hxxps:// Not massively overwhelmed by the appointment. No direct recruitment industry experience and no experience heading up a plc. No doubt he'll now be given a big salary and bonus/option package that'll make him a wealthy man just for getting the share price back to the 300p mark it was 12 months ago...
quepassa: Investors Chronicle. Edition 27th April - 3rd May. Column on Page 40 headed "Gattaca lowers expectations again" The IC put a SELL on Gattaca. Closing summary paragraph: " With cuts to the EPS forecast, and a 20% drop in share price on the results day, the shares now trade at eight times forward earnings, a steep discount to the peer group average - the result of both management missteps and mounting external challenges. We move rudderless Gattaca to sell" See IC for full column. ALL IMO. DYOR. QP
cwa1: Hmmmmm..... Statement re: share price movement Gattaca plc ("Gattaca" or the "Group"), the specialist Engineering and Technology (IT & Telecoms) recruitment solutions business, notes the recent share price fall. Gattaca has historically provided recruitment solutions to Carillion plc and its subsidiaries, primarily in the public sector arena. Whilst Gattaca has outstanding debts from the Carillion group, the vast majority of these are insured by a leading credit insurer and, at this time, we estimate our uninsured balance sheet exposure to be less than GBP100,000. The impact of Carillion's liquidation on our balance sheet will therefore be minimal. Our annual Net Fee Income from the Carillion group of companies is in the order of GBP0.5m. Gattaca continues to support the delivery of important public services and management is actively engaging with the relevant Carillion counterparties to ascertain how we can continue to support the related underlying projects which would also maintain this income, whilst ensuring that we will be paid for such services. Gattaca's Trading Update for the six months ended 31(st) January will be released 8th February 2018.
quepassa: Since name change from Matchtech to Gattaca the share price has plummeted from 390p to 330p. The performance of Gattaca is pretty dismal. A few years ago when the Company was still called MatchTech, the share price was circa 550p. Given the roaring employment market, there is no real excuse why this share has back-tracked so badly and performed so appallingly. Something needs to change - because the current strategy and management have presided over a 40% destruction of shareholder value and market cap. PBT was DOWN a massive 24% yesterday and that is an testament to just how poorly the Company is performing. ALL IMO. DYOR. QP
glasshalfull: In the last 10 weeks GATCs share price has declined (-22%) from the 342p level it sat on release of 2016 results. Indeed, they've actually fallen over (-50%) since mid Jan 2016. While they cautioned over a slow start - in the UK - in the current financial year, they also indicated International growth offsetting this. Therefore I'm surprised that the shares languish in the mid 260's given their No 1 UK position in specialist engineering recruitment & the emphasis in capital projects & infrastructure spending that the Chancellor highlighted via November's Autumn statement. Following release of the 2016 results in November, with share price at 342p, Numis said; "The shares have performed in-line with the market over the past three months and on our revised estimates trade on a calendar 2017E PE of 9x. Our EV / Net Fees based target price of 395p is unchanged and we believe a forward dividend yield of 7% remains attractive." At the current mid price GATC is valued at £83.3m with an EV of £108m. Forecasts for 2017 suggest c.39p Adj Dil EPS achievable, with strong cash generation the net debt is also forecast to fall to c. £20m while the company has banking facilities of £105m committed to 2020. So, with the share price fall this places GATC on a prospective PER of 6.8 offering a 9% dividend yield at the current share price of 267p. The dividend is covered 2 x times. I'm a buyer given Matchtech's track record & believe the combination of Matchtech & Networkers offers a decent risk/reward investment proposition at this lowly share price. They expect to benefit from £3.1m synergies this year following the Networkers acquisition although I acknowledge that much of this will be reinvested into the combined business. Hopefully the forthcoming trading update will confirm further positive momentum in overseas operations & perhaps paint a better picture on UK trading. Well that's the hope.... Then again, I could have just sliced off my fingers with a falling knife! Kind regards, GHF
Gattaca share price data is direct from the London Stock Exchange
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