Share Name Share Symbol Market Type Share ISIN Share Description
Getbusy Plc LSE:GETB London Ordinary Share GB00BG0TSD71 ORD 0.15P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.50 -0.68% 73.00 253,018 16:35:05
Bid Price Offer Price High Price Low Price Open Price
72.00 75.00 73.50 72.00 73.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 14.18 -1.13 0.81 90.1 36
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:05 UT 3,556 73.00 GBX

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20/9/202111:50GetBusy PLC196

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Getbusy Daily Update: Getbusy Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker GETB. The last closing price for Getbusy was 73.50p.
Getbusy Plc has a 4 week average price of 72p and a 12 week average price of 72p.
The 1 year high share price is 110p while the 1 year low share price is currently 70.50p.
There are currently 49,580,219 shares in issue and the average daily traded volume is 13,866 shares. The market capitalisation of Getbusy Plc is £36,193,559.87.
pugugly: SP contiuing to move down on what looks like a possible constant seller wanting out at any price and with current market nerves few looking take more stock on board at high p/e's
masurenguy: GetBusy (LON:GETB) – 93% annual recurring revenues I always love to see a finance director buying more shares in the company that employs them. Paul Howorth bought another 10,000 shares @ 75.9p straight after his employer had announced its interim results for the six months to the end of June on Wednesday morning. That purchase took his holding up to 85,000 shares representing just 0.17% of the equity – it may not look a meaningful amount, but I still take it as a good sign. After all, as Chief Financial Officer he must know how and where the business is going. Still losing money as it develops GetBusy’s document management and task management software enables over 68,000 professional paying users around the world to digitise their operations and be productive while working in the office or remotely. It is the leader in specialist document management software for accountants. The interims showed that the group is still losing money as it develops its business. Revenues were up 7% at £7.5m while it lost £0.5m in the first half year. What I always look for But what I also rave about, apart from finance directors buying more shares, is annual recurring revenues (as if you did not know that by now). And the group is now running at a massive 93% ARR, up from 91% previously, with it running at £14m as at end-June (£13.1m). Analyst Janardan Menon, at the group’s brokers Liberum Capital, estimates the full year will show £15.1m of revenues and a £1.2m loss. For next year he sees £16.2m revenues and a slight reduction in losses at just £1.1m. However, what is strong about this little group is that it has £2m of cash in the bank with another £2m of undrawn facilities available. The group’s CEO Daniel Rabie commented with the interims that, “We remain confident that we are in the right markets, with the right people and products to accelerate our growth in high quality recurring subscription revenues over the medium to long term. We continue to invest to support that growth and we look forward to the future with increasing confidence.” My View It is no wonder that the broker has put out a 130p a share price objective. This is a tuckaway stock which has significant upside potential, I see them soon creeping back up through the 100p mark. The shares, which touched 112p in March, close the week at around the 82p level after dipping to 76p at one stage this week. https://masterinvestor.co.uk/equities/getbusy-and-more/
melloteam: Just to let shareholders and prospective investors know that GetBusy will be presenting at Mello Events’ Results Roadshow Special webinar event on Monday 29th March at 5pm-9:30pm. There will also be other fantastic company presentations from Filta Group, Judges Scientific plc and Digitalbox plc. There will be over 600 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions including the popular Mello BASH (Buy, Avoid, Sell or Hold). Tickets are still available and if you would like one at half price then enter the code MMTADVFN50. Https://melloevents.com/mellomonday-29th-march/.
pugugly: Marker at 95/100p Looks interesting but appears to lack liquidity and wide spread. Like the margin but revenue to market cap seems high but gross margin and client retention excellent However very little data I can find at the moment as to how management generate new clients even after reading the recent Liberum and MF blog and listened to proactive - What am I missing? Any views on how GETB compare to other offerings in this space?
the ghost who walks: I agree with this, it's like teams but for their existing customers. I don't think it's trying to penetrate many new customers in isolation, but may be an additional selling point. I'm hoping for a strong 2021 for getb and the share price to motor well above 100p
mr doughnut1: I continue,Historically all GETB,s products take years to develop and initially have a slow uptake before gaining traction - hopefully the lockdowns will accelerate the speed of uptake of the app.
mr doughnut1: HNY ,all be it belatedly, to all GETB holders.These are only my opinionsIn 2020 we had the share capital reorganisation (Jan) and the completion of the £2 million loan facility to accelerate investment plans for smart vault (Dec).I have always who the get busy app is aimed at. It seems that there may be significant ability to cross sell the product to existing existing customers of virtual cabinet and smart vault. On the get busy website there are testimonials from the professions of accountancy, insolvency and law. I think the addition of the electronic signature was specifically added with these professions in mind and may have become more necessary in the lockdowns we have and are experiencing.
masurenguy: The Offer price is up 9%, from 75p to 82p, over the past 24 hours on miniscule volume. This just illustrates how illiquid this stock can be.
hastings: For me, there is a lot to warm to with GETB's interim results and it isn't surprising to see that the share price has responded positively this morning from the recent depressed levels. Having caught up with both the CEO and CFO earlier I thought it worth putting something together, which may provide for some further flesh on the bones. I do intend to pen something for my Cambridge News slot, but as that is a week away, I'll add this here for interest. Perhaps the first area to home in on across the group is the Virtual Cabinet Business which CEO Rabie describes as highly cash generative and very profitable and which with a fixed cost base will see new business drop straight to the bottom line. Interestingly, in its extensive note this morning Liberum highlights that VC is actually worth more than the current group market value, which sees it citing, on the back of a robust outlook for the product, a bottom line valuation of 35p per share 5x adjusted pre-tax-profit rising to 70p on 10x. Whilst it is obviously fair to take the lower figure, given the positive forward outlook for this segment of the Group 35p arguably looks conservative. Both Rabie and Haworth were understandably pleased with the progress and sounded a confident tone going forward, Rabie pointing out that the smaller Smart Vault arm was now growing aggressively by clear leading indicators and scaling very quickly which will see the board continuing to invest for growth in what is essentially a fast growing business. Looking more closely at these parts of the group the lifetime value to customer acquisition cost ( LTV/CAC) ratio look impressive, where during the first half Smart Vault saw an overall 4:1 figure, although the number from the more mature US market was a highly impressive 8:1. (the immature UK market being the drag) But, Smart Vault's progression into the UK market is proceeding well as sales, marketing and consulting staff are now all in place. Both Rabie and Haworth see significant opportunities ahead, which brings us to the GetBusy app, which at present is the cash burner. Rabie says that they are very much focused on building and positioning the group for long term sustainable growth and profitability and GetBusy is a key part of that strategy, so they are very much eyeing the longer term. He adds that they are excited by its potential and it has the ability to generate significant revenues ahead. To date, it is currently in the public beta mode being available as an Ios app, macOs and windows app where it is being rapidly iterated on the back of user feedback and the analysis of behaviour. The first active users were acquired in H1 and the management believes that there is potentially really strong demand for such a solution. Rabie points out that the demand for the product is there, as it meets customer requirements and it is scaleable, so with the positive feedback received, they feel there is a significant opportunity ahead. The company is now actively moving to monetising the GetBusy app and if successful as hoped for could prove a real driver to the wider business. Of course, although the company is not awash with cash where the net position stood at £1.9m for the period end, watchers of the stock rightly wonder as to whether a placing is on the cards, particularly in light of the recent retrace. Haworth says that there are no plans over the next 12/18 months to undertake such a funding and they are comfortable enough at present where he adds they are extremely cash conscious. If the opportunity further down the line was to emerge, then they sound a confident note on gaining support from the likes of existing holders such as BGF and Herald, although Haworth also points out that they have other options further down the line which I suspect may be taking on some debt if they needed to. All in all GETB looks cheap to me for a software company with such a high level of recurring revenue, growth potential and (as yet unknown) the potential from the GetBusy app. Looking at the peer group enterprise value-to- sales GETB stands on a multiple of little more than 1.1x against the average 2.5x, so upside towards the brokers revised 56p target price (was 52p) looks achievable. Although the group overall will remain loss making during the next couple of years, it is possible that 2021 could see the delivery of break even or even a small profit, although that is merely my personal assumption. Liberum, in its note today, issued guidance for revenue for 2020 of £13.7m with a pre-tax loss of £0.4m. Within this mix VC is forecast to deliver revenue of £8.7m of which £7.8m is recurring with an adjusted pre-tax profit of £3.68m, demonstrating what a strong established product/brand it is. SV should deliver total 2020 revenue of £4.93m up from the £4.113m 2019 estimated number which will register a loss of £0.7m against the 2019 expected £1m. Not surprisingly there is nothing as yet pencilled in for the GetBusy product. Potential mergers or acquisitions are also possible with Haworth adding that they are always on the lookout for such targets that complement their existing products or open additional channels. But, they have to be attractively priced as he says they are quite picky, where as a result there has been nothing so far that meets their criteria. Lastly there are according to Haworth a number circa 3,500 shareholders across Australia and N.Zealand who inherited shares when the business de-merged. This he says has caused a bit of a drag with these overseas holders dripping shares into the market which is perhaps understandable given the geographical reach for such investors. As a result the board is looking at various options to resolve this issue to provide an exit for such holders.
astralvision: I note the proposed new incentive scheme will kick in at a higher share price level than the previous one, a sign of intent?'The existing scheme begins to accrue value to management at a share price above 37.9 pence per share. It is intended that the proposed new scheme, which would replace the existing scheme in its entirety for the executive directors, would increase the initial hurdle by over 21% but reward management more at higher share price levels. The proposed scheme would accordingly have a higher hurdle of 46 pence per share, some 67% above the three-month average trailing share price and 58% above the closing share price on 22 July 2019.'
Getbusy share price data is direct from the London Stock Exchange
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