We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Getech Group Plc | GTC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 8.25 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 8.25 | 8.25 | 8.25 | 8.25 | 8.25 |
| Industry Sector |
|---|
| OIL EQUIPMENT SERVICES & DISTRIBUTION |
| Top Posts |
|---|
Posted at 21/3/2024 10:31 by hastings It has been a while and apologies in order, but I try and prioritise calls and comments/thoughts within the time limits. Hopefully GTC has turned an important corner at last and I'll attempt to be more proactive! |
Posted at 21/3/2024 07:16 by 32campomar RNS Number : 6850HGETECH Group plc21 March 2024 21 March 2024Getech Group plc("Getech" or the "Company")Trading and Technology Update Getech (AIM: GTC), a world-leading locator of subsurface resources, is pleased to provide an update on current trading and development of the Group's AI and ML led technology.Trading HighlightsGetech has made a strong start to 2024, with revenues for the first two months c. 40% ahead of the same period in 2023.In 2024 to date, Getech has secured contract wins totalling £0.9m, including three new annual software subscription customers as well as the renewal of eight annual licenses for the Globe geoscience platform and software products. As a result, annual recurring revenue has increased to £2.9m (31 December 2022: £2.4m; 31 December 2023: £2.8m) and, with the addition of new contracts, Getech's order book value has been maintained at £4.5m (31 December 2023: £4.6m; 31 December 2022: £4.6m).The sale of the Kitson House part of Getech's office completed for £0.65m, as announced in January 2024. The Company has retained freehold ownership of Nicholson House, which was independently valued in December 2023 at £0.86m. Both buildings are located at the same site in Roundhay, Leeds.Getech has previously identified the opportunity to reduce annual costs by £2m, as announced in 2023. The full benefit of these cost reductions is expected in 2024, assisting Getech in realising positive EBITDA and cashflow. The Company's focus on cost reduction continues, with further savings identified and expected to be realised through 2024.AI- and ML-led TechnologyGetech has evolved its subscription model for Globe by offering additional capabilities for further human and Machine Learning-based analysis of its data. This model is well suited to large exploration companies, while for junior exploration companies the Company introduced a hybrid equity participation model, as demonstrated by the recently announced partnership with East Star Resources. Artificial Intelligence (AI) and Machine Learning (ML) is accelerating the value of the Company's core asset and skills, namely its Globe geoscience platform and expert services. Getech has amassed a vast collection of global magnetic, gravity and other geoscience data that was universally deployed by the oil and gas industry over the last 3 decades and it is now applying advanced AI and ML to make this data useful to other subsurface industries including mining, geothermal and unconventional gas including natural hydrogen.By leaning on the collective knowledge base of its geological team, Getech is leveraging AI and ML to source details of known occurrences of mineral deposits and create a digital-genome to search through our global data sets. The objective is to model the "genetic systems" of known deposits, and using Getech's global datasets, search for these same geological conditions to identify new targets. Currently, the Company is verifying this approach with a small number of 'beta' clients with the expectation of making it more widely available to the market.Getech's approach is particularly applicable to the search for natural hydrogen, also known as "white" or "geologic" hydrogen. Natural hydrogen is believed to be an abundant resource and a potential game-changer for the energy transition. Getech is well placed to not only identify likely source locations but also, using its oil and gas expertise, identify conditions where natural hydrogen is likely to become trapped in reservoirs with economic potential. Getech is already commercially engaged to screen for natural hydrogen and expects to launch an enhanced AI-driven natural hydrogen search capability in the coming months.Richard Bennett, CEO, comments "Getech has had a good start to 2024 and I am pleased by the improved financial position of the Company. Importantly, prospects for the business continue to build as we retain our long-term clients, as well as attract new brands to our growing subscription base. Alongside this, the capabilities of our Globe geoscience platform are being significantly enhanced with the application of AI and ML. So much so, that it is arguably a different system from that of 12 months ago - our job now is to demonstrate this to our markets." |
Posted at 29/2/2024 11:10 by 32campomar GTC are doing exactly what Kobold are doing in America.And look what’s happened to their share price over there. |
Posted at 22/2/2024 14:16 by 32campomar If GTC can successfully demonstrate AI can more accurately locate resources, these shares will fly.Next few year could be something very similar to the dotcom bubble when anything linked to the internet soared. AI I think will be just as big and the catalyst for a boom - just look at Nvidia's valuation in the US |
Posted at 07/2/2024 11:23 by rivaldo Interesting post from GTC's LinkedIn a few days ago:"Lamborghini detailed the extension of its decarbonisation strategy on Tuesday, making the electrification of its lineup the most significant investment in the history of the company. We are using our Globe earth model to identify sedimentary lithium deposits, crucial for the burgeoning electromobility sector. Discover how our cutting-edge methodology is shaping the future of sustainable lithium mining: hashtag#GTC hashtag#Lithium hashtag#CriticalMine |
Posted at 19/12/2023 21:39 by yump Book5Are you incapable of understanding that GTC don’t have to have a patent in order to have IP which has value ? A patent is a form of IP. IP does not necessarily mean a patent. This is O-level maths. Sets, subsets, intersecting circles representing them to show which ones overlap, which ones are separate, which ones are inside another one. The pictorial representations so that youngsters understand. I’ll try again: GTC can have something to offer (IP) that is not a patent. It seems GTC are very unlikely to have something patentable - as I already explained. But they may well have IP. You think they have nothing because they would have patented it. No they wouldn’t, if it wasn’t a patentable invention. But that doesn’t mean they have nothing, which is what you claim. Are you posting just to waste my tine or do you enjoy looking daft ? Patents are a subset of IP. Not having a patent doesn’t mean they lack IP. You may believe they have nothing, but not patenting anything is not evidence that they have nothing. If you think it is evidence that they have nothing, then you are simply wrong in that assumption. It is an illogical conclusion resulting from an error in your thinking. |
Posted at 17/12/2023 20:52 by book5 YumpU said to me “You’ve made an assumption that GTC have nothing special to offer.” Then you said: “The chances of GTC patenting anything is imo zero.” My point was that GTc has nothing special to offer because it does not have a patent It seems you agree with me. You contradict yourself. It would help if you were honest with yourself. You should explain what GTC has to offer that is “special.̶ U divert the discussion by making personal attacks I said before this would go to 5p, and I was right This will reach to 3.5p during 2024 |
Posted at 17/12/2023 14:16 by yump You said GTC would patent something valuable if they had it and yet you clearly don’t understand the difference between patents and IP rights.You keep changing the points you’re making, so there’s no point in entering into any debate with you. You make your assumptions and I’ll make mine. Be nice if you based them on facts and actually read what I have posted properly. I did not say that GTC amortised anything. I clearly made a general point about IP amortisation to try to explain to you how IP can have a value that is nothing to do with a patent. The chances of GTC patenting anything is imo zero, unless they have a fancy drilling machine with some AI hydrogen detecting computer attached to it. |
Posted at 15/12/2023 14:27 by yump Book5You’ve got a GTC price list then ? Don’t know what your motive is but you seem to be making things up with no evidence. GTC’s original business was doing fine until O&G exploration tanked. Nothing to do with pricing. Nothing to do with local preference. Nothing known about whether GTC are losing out to competitors. Even if it was the latter, for a business as small as GTC’s, the market is big enough to get a decent share. You’ve made an assumption that GTC have nothing special to offer. That isn’t borne out by their previous O&G success or the current order book. Fair enough if you just don’t believe any of it. |
Posted at 17/10/2023 17:46 by yump Sigh! Again, please explain to us all, what would have happened with H2Green, that hasn't happened because of government. As I said, Inverness has millions from the Scottish gov, so what is the problem there ?I don't recall any announcements from GTC. What were they hoping to achieve ? We just don't know, because it was all just paper plans with nothing specific on exactly how GTC were going to develop asset value. Apart from mentioning 'asset' a lot on the part of Copus. What were GTC expecting to happen, that has been thwarted by the government ? I'm interested in facts, I don't give a toss who is in power. Where does GTC detail the plans and explain how government has messed them up ? I think GTC may have suffered from unlucky timing, in that the rise in interest rates has made debt and raising money very difficult and/or expensive. (blame Truss if you like, even though they were rising before her October idiocy and continued afterwards). (Anyone who thinks interest rates would have been nice and friendly without Truss, is living in cloud cuckoo land. Other much bigger things have been happening, haven't they ?) So any plans to invest in the (virtual ?) H2Green projects, in order to get asset value at some point when the projects developed, will have been scuppered. I think the comment in the RNS is a complete giveaway and an admission of a mistaken adventure on GTC's part. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
