Getech Dividends - GTC

Getech Dividends - GTC

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Stock Name Stock Symbol Market Stock Type
Getech Group Plc GTC London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
1.00 4.55% 23.00 15:34:19
Open Price Low Price High Price Close Price Previous Close
22.00 21.75 23.00 23.00 22.00
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Industry Sector

Getech GTC Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

battlebus2: Bookbroker it looks like Mr Hawthorne is more than happy with GTC as he added again and now holds over 11%.
yump: In the presentations, the investment decision periods are shown to start towards end 2023, so I guess thats when money will be needed. Unlike a lot of placings, those investments should carry a specific planned return, from the income from the assets, rather than the common “to help the business further its expansion plans” vagueness. Identifying and checking geological viability for H2 storage, (presumably thats using gtc existing capabilities) making development plans and getting planning permissions doesn’t sound like it needs any major injection of capital. Plus they’ve got a chunk of cash already.
yump: I've been re-watching the finals presentation and not sure it sits comfortably with me, primarily because there is a huge collection of buzzwords and talk about things as if they have already happened, particularly repeating the word 'asset', as if GTC have them already. Copus is presenting like the CEO of a major business, with the Powerpoint stuff (or whatever it is) and all the "strategic" talk. To me it reads like a prospectus and I guess that's what it is when looking forward to the investment decisions likely to be made on the projects in 2024. The balance sheet was said to be strong. Perhaps for the planning approval and acquiring a share of the land. Certainly not for the investment into the whole assets. Slides don't make a business. Its not profitable and hasn't been for some time and its a tiny business. Also there are repeated references to acquiring H2Green, as if it was actually doing something or trading, but it wasn't. It was a name and a website. Also the 'exclusivity' was not explained when someone asked the question. Is that first refusal on putting an investment into the project(s) ? I have no doubt that the news flow will be very good in the next year, but it feels a bit like they've jumped on what they thought was a bandwagon. I'm guessing the intent is to invest in the assets early on and then sell to the final owner with some appreciation in value and the chance of ongoing management. None of it will be free though.
yump: Anyone fancy a guess at the actual plan here ? Float off H2 Green to get funding for a percentage of the storage facility ownership and hence revenue ? GTC raise money itself to put into H2 for a stake in projects ? They were talking about the expected return on the projects, so I assume this is not going to just be GTC or H2 getting paid for design/planning. Although that would have a parallel in housing site development.
rivaldo: Amati AIM VCT released their Annual Report to 31/1/22 last week, and FYI they had this to say about GTC: "In March, we invested £1.7m in another new holding, GeTech, through a secondary placing. GeTech's core business is based around its geoscience and geospatial database and software products. Historically, these have been sold principally to oil and gas and mining customers. In addition to detailed geological and gravity mapping, GeTech's data can show how the geology of any given location has been formed. Over the past few years, the company has focused on diversifying its revenue streams, applying its data sets to water, transportation, nuclear, pipeline and electricity infrastructure sectors. In 2021 it bought the rights to acquire H2 Green, a company developing UK sites as hydrogen hubs for industrial use, and the placing was used to fund the development of these projects."
32campomar: Live on breakfast just now live in Renfrewshire, makes a specific mention to the importance of hydrogen for the area - only thing that wasn't mentioned was the GTC agreement to help facilitate that !
shanklin: flasheart, 32campomar Surely you have just been discussing negative cash flow of £2.3m/6 months. I wasn't involved in that. Indeed, I asked fairly recently (post 930) when we could expect GTC to be back in profit and we don't yet know the answer to that. Why do you think they did this now? There was nothing comparable to it last year and they have hardly lacked for telling the market their new strategy. And its not as if they have radically changed in this RNS from the forecasts already in the market, or given us any numbers for Q1 '22. Given that much of this outlook stuff can very reasonably be in the FY results, perhaps its just an acknowledgement that 07-Jun last year and May-22 is just extremely late in terms of issuing FY results for a well managed £20m Mkt Cap company and this is to fill the gap. Why this RNS at this time?
32campomar: Our project stakes will be I imagine part placing part debt funding. Once the hydrogen hub model is laid out in detail for Shoreham (end of June latest as per trading update but I believe it will be earlier than this) it will be transformational for GTC shares.
rivaldo: News - nicely addresses crucial energy transition sectors such as geothermal, critical minerals, and carbon/energy storage: Https:// "Getech Expands its Platform for the Energy Transition Getech, the net zero technology provider and data-led energy asset developer, is pleased to advise that it has expanded its Maptium platform offering with further content and analysis for the energy transition. Maptium provides a secure web-based gateway to Getech's world-class data and analytics content. It allows users to visualise and analyse energy and mineral resources information, maximising the value and knowledge of their projects and operations. The platform can be utilised by customers across a wide range of energy transition projects, including geothermal, critical minerals and carbon capture and storage. The following content is available to license through Maptium now: -- Maptium Gravity & Magnetic - enhances understanding of the subsurface, using Getech's world-leading global gravity and magnetic data. The content is used by customers across the energy transition sectors to de-risk exploration, improve efficiency and optimise performance in the delivery of projects; -- Maptium Sedimentary Copper - provides analysis and insights into the location and economic concentration of sedimentary copper, a metal key to almost every renewable energy solution. The content is used by mining customers to improve prospectivity of their copper exploration projects; -- Maptium Geodynamics - enables access to Getech's market-leading plate model and geodynamics expertise to improve understanding of the geologic evolution for an area of interest. The content is used by customers across the energy transition sectors to build a better regional understanding of their projects. Further information on Maptium can be accessed on Getech's website: . Getech's Chief Executive Office, Dr Jonathan Copus, commented: "As energy supply transitions to more localised low carbon solutions, Getech is reinventing the way we provide access to our global geoscience data and analytics. Delivered through our scalable Maptium platform, we are building a range of modular solutions that target applications in the geothermal, critical minerals, and carbon/energy storage sectors. These modules provide customers with cost-effective access to targeted essential data, workflows and analytics that previously were only available through Getech's global petroleum solutions. By investing in our products, technologies, and talent, Getech is strengthening our market share in the energy transition and increasing revenue generation. This in turn helps us build strategic relationships, which we can use to access unique participation opportunities in decarbonisation projects."
rivaldo: Impressive new H2 Green Engineering Director appointment today, straight outta Ballard and prior to that BAE, Ricardo, Caterpillar etc: Https:// Good to hear that the "two green hydrogen hubs in Inverness and Shoreham are progressing well towards development". There's also a Q&A with the new guy on the GTC web site: Https://
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