Getbusy Share Price (GETB)

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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
  0.00 0.0% 79.00 2,723 08:00:09
Bid Price Offer Price High Price Low Price Open Price
78.00 80.00 79.00 78.50 79.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 12.66 -1.18 -2.49 38
Last Trade Time Trade Type Trade Size Trade Price Currency
14:00:11 UT 1,470 79.00 GBX
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Getbusy (GETB) Latest News

Getbusy News

Date Time Source Headline
28/9/202014:18ALNCIN BRIEF: GetBusy Trading Robust In Second Half Of 2020 To Date
28/9/202007:00UKREGGetBusy PLC Trading update and completion of loan facility
11/8/202012:13UKREGGetBusy PLC Holding(s) in Company
04/8/202014:55UKREGGetBusy PLC Exercise of Options and Total Voting Rights
23/7/202017:19ALNCGetBusy In Double-Digit Interim Revenue Hike But Loss Widens
23/7/202007:00UKREGGetBusy PLC Half-year Report
03/7/202009:00UKREGGetBusy PLC Notice of Results
19/6/202014:46ALNCDIRECTOR DEALINGS: GetBusy Non-Exec Clive Rabie Buys GBP100,000 Worth
19/6/202011:45UKREGGetBusy PLC Director/PDMR Shareholding
05/6/202010:14UKREGGetBusy PLC Director/PDMR Shareholding
More Getbusy News
Getbusy Investors    Getbusy Takeover Rumours

Getbusy (GETB) Discussions and Chat

Getbusy Forums and Chat

Date Time Title Posts
09/10/202015:44GetBusy PLC136
06/7/201811:48GetBusy Interview3

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Getbusy (GETB) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-10-20 13:00:1179.001,4701,161.30UT
2020-10-20 09:39:4378.801,253987.36O
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Getbusy (GETB) Top Chat Posts

DateSubject
20/10/2020
09:20		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 79p.
Getbusy Plc has a 4 week average price of 72.50p and a 12 week average price of 72.50p.
The 1 year high share price is 225p while the 1 year low share price is currently 34p.
There are currently 48,400,000 shares in issue and the average daily traded volume is 11,875 shares. The market capitalisation of Getbusy Plc is £38,236,000.
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23/7/2020
13:07		masurenguy: Liberum issued a Buy Note this morning with a target price of 100p.
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05/5/2020
08:27		masurenguy: Yes, a very positive announcement. AGM Trading Update 5 May 2020 Year-to-date trading The new financial year has started well, with double digit revenue growth and a small Adjusted Profit* being generated in the first four months of the year (the “Period”). On a constant currency basis, recurring revenue and total revenue grew by 20% and 15% respectively in the Period. Recurring revenue represented 90% of the Group’s total revenue in the Period. For SmartVault, recurring revenue growth of 32% has been driven by a 36% increase in the value of new business, reflecting both strong market demand for cloud productivity products and improved sales and marketing execution. In March, we also launched our new VirtualVault product in limited private beta, aimed at the monetisation of SmartVault’s one million portal users by providing them with a personal secure digital vault for health, financial and asset-related documentation. For Virtual Cabinet, recurring revenue growth of 13% reflects the benefit of strong growth in 2019 and further improvements in revenue per user. Total revenue growth, as expected, was lower at 6% due to the reduction in non-recurring revenue as we continue the deliberate transition to a pure subscription revenue model. For GetBusy, marketing, channel development, sales and customer success teams are now in place for the GetBusy application and there has been encouraging progress with new and prospective customers. While revenue remains immaterial to the Group as a whole, paying user numbers have increased over 30% since early March and we continue to iterate and test the value proposition. COVID-19 update The health and wellbeing of our staff remains our highest priority, and we are pleased that the team continues to be healthy. Operationally, the transition to remote working has gone smoothly, with our wide use of cloud-based tools being a key enabler. The immediate impact on our customers has been mixed. Accountants and bookkeepers, which comprise about 60% of our revenue base, have a diversity of clients and so their financial health will be reliant on the constituents of their specific client base. We have no material direct exposure to the retail, leisure or transport industries. That said, there is an increased risk of customers churning or reducing licensed user numbers as they cut staffing levels, albeit we have yet to see significant examples of this. We have, however, seen some clear stretching of payment terms by customers in the UK, and some customers have asked to switch from our annual subscription plans to monthly-paid plans as their own cashflow has been challenged since the global lockdowns. Importantly, no single customer accounts for more than 1% of our recurring revenue, which helps mitigate risk. The landscape for new business has been more complex. Trade shows have been cancelled or postponed throughout the first half of the year, which impacts lead generation particularly in the UK. We are diverting some of the spend previously earmarked for trade shows to online lead generation. For SmartVault, demand from new customers has remained solid, albeit with monthly variations. The extension of US tax filing deadlines by 3 months from April until July may alter some of the usual seasonal buying behaviour for the US accounting market, although it is too early to determine the precise impact. For Virtual Cabinet, conversion of new customer leads, which often require an on-site installation, has slowed considerably since early March and as a result we have furloughed a small number of customer-facing staff who are unable currently to access client sites. However, we have seen reasonable levels of upsell to the existing customer base; for example, increasing the number of portal or mobile app licenses as more staff move to remote working. Working capital position Notwithstanding the Group’s strong start to the year, the Board has modelled a number of downside scenarios on revenue to ensure that there is sufficient working capital within the business going forward. The scenarios modelled include known additional cash receipts such as c. £0.7m of UK research and development tax credits, c. £0.4m from the US Paycheck Protection Program forgivable loan scheme, together with the benefit of payroll tax reductions under the Boosting Cashflow for Employers program in Australia and the support for furloughed staff under the Coronavirus Job Retention Scheme in the UK. These receipts have been modelled together with forecast capital expenditures, overheads and a broad range of stretching of trade receivables from customers. As a result of this comprehensive scenario planning, the Board is confident that the Group’s balance sheet is sufficiently resilient to withstand the current crisis. Outlook The changes to people’s working lives over the last couple of months accelerate trends towards fully digitised, paperless work practices that our document management products enable. The surge in remote working requires a new software toolset for many organisations and each of our products is a component of that toolset. In the medium to longer term, therefore, we expect this situation to be a catalyst for significant growth in the market and we aim to capitalise on this growth. We remain confident that revenue and Adjusted Loss* for 2020 will be in line with market expectations of £13.8m and £(0.6)m respectively. * Adjusted Profit / (Loss) before Tax is Profit / Loss before share option costs, net capitalised development costs, finance costs that are not related to leases, and non-underlying items.
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03/3/2020
13:56		masurenguy: Liberum issued a new Buy recommendation today with a target price of 78p.
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06/2/2020
16:34		masurenguy: Shareprice is up by 32% since 6 January in the 4 weeks following the short suspension prior to the completion of the share capital reorganisation process. During this period the average daily trading volume increased by 26% which clearly created some momentum here.
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13/1/2020
16:51		masurenguy: Shares closed today at an 18 month high ! RNS Number : 6512Z 13 January 2020 GetBusy plc Subscription for 500,000 Ordinary Shares and Director / PDMR Shareholding Daniel Rabie, the Group's Chief Executive Officer, has today subscribed for and been issued, conditional upon admission to trading on AIM, 500,000 ordinary shares of 0.15 pence each in the capital of the Company at a subscription price of 52.5 pence per share (being the mid-market closing price on 10 January 2020 (being the last practicable date prior to the subscription for such shares). Application has been made for the shares to be admitted to trading on AIM. It is expected that Admission will become effective and that dealings in the shares will commence at 8:00 a.m. on 17 January 2020.
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18/12/2019
07:53		masurenguy: A positive 10 month trading update. Following a strong first half, sustained growth in recurring revenue across the Group in H2, and the excellent revenue visibility afforded by the Group's business model, the Board is highly confident that revenue for the full year will be in line with previously upgraded market expectations. In the 10 months to 31 October 2019 on a constant currency basis, Virtual Cabinet's recurring revenue was 16% ahead of the same period last year, consistent with the H1 rate. SmartVault recurring revenue had accelerated to 24% growth on a constant currency basis, driven by a combination of new customer acquisition and improved monetisation of the installed base. Continued operational leverage is expected to lead to Virtual Cabinet's adjusted profit margin moving above 40% up from 37.5% in H1, and the adjusted profit margin for the combined document management group is expected to increase from 18% in H1 to around 20% for the full year, despite ongoing and increasing investment in SmartVault product and customer acquisition. The Group continues to release new versions of the GetBusy product approximately every fortnight, with enhancements to its feature set and user experience. The Board is encouraged that the GetBusy product has attracted its first paying users in early Q4. The Group's focus moving into 2020 is to prove the extent to which it is a scalable product. At 31 October 2019, the Group's cash was £1.9m, consistent with 30 June, which reflects a number of profitable months early in H2. The Group has, however, now started to make the additional investments in SmartVault sales, marketing and development capability, which were announced in July 2019, to support its scale-up in the US and UK. Consequently, the Board expects the 2019 adjusted loss to be consistent with the market expectation of £(0.6)m. Given the Company has provided this trading update close to its year-end, no further scheduled update will be provided before the announcement of the Company's full-year results in March 2020. https://www.investegate.co.uk/getbusy-plc--getb-/rns/proposed-share-capital-reorganisation/201912180700062399X/
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20/11/2019
09:06		tomps2: GetBusy investor presentation at Mello London November 2019. CEO Paul Haworth outlines the business and the strategy. Https://www.piworld.co.uk/2019/11/19/getbusy-getb-presentation-at-mello-london-november-2019/
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11/11/2019
07:57		masurenguy: Looks like a good partnership which should accelerate GETB customer aquisition and growth 11 November 2019 GetBusy plc SmartVault channel agreement with TaxCalc GetBusy plc (AIM: GETB) ("GetBusy" or "the Company" or "the Group"), a developer of document management and communication software products, is pleased to announce that it has entered into a major reseller and integration agreement with Acorah Software Products Limited (which trades under the name "TaxCalc"), a leading UK supplier of practice management, client management and compliance software to accountants and tax advisers. Under the agreement, TaxCalc will become a non-exclusive reseller of the Group's SmartVault product to current and prospective TaxCalc customers in the UK and overseas. The Group and TaxCalc will jointly develop an integration between the two products and co-market the integrated product suite. With a 30-year heritage, TaxCalc has an installed base in excess of 8,000 accountancy practices and over 30,000 individual taxpayers across the United Kingdom. https://www.investegate.co.uk/getbusy-plc--getb-/rns/smartvault-channel-agreement-with-taxcalc/201911110700098625S/
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23/7/2019
14:49		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.
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23/7/2019
08:29		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.'
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