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% 55.00 90 08:00:00
Bid Price Offer Price High Price Low Price Open Price
53.00 57.00 55.00 55.00 55.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 12.66 -1.18 -2.49 27
Last Trade Time Trade Type Trade Size Trade Price Currency
08:00:17 O 90 56.80 GBX

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Date Time Title Posts
25/3/202018:58GetBusy PLC108
06/7/201811:48GetBusy Interview3

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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 55p.
Getbusy Plc has a 4 week average price of 38.50p and a 12 week average price of 38.50p.
The 1 year high share price is 225p while the 1 year low share price is currently 24p.
There are currently 48,400,000 shares in issue and the average daily traded volume is 35,292 shares. The market capitalisation of Getbusy Plc is £26,620,000.
bernieboy: Perhaps turnaround wasn't the best way to describe what has been going on here, although it certainly describes the share price performance nicely......
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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