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GTC Getech Group Plc

8.25
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Getech Group Plc LSE:GTC London Ordinary Share GB00B0HZVP95 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 8.25 8.00 8.50 8.25 8.25 8.25 0.00 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 5.07M -2.83M -0.0419 -1.97 5.57M
Getech Group Plc is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker GTC. The last closing price for Getech was 8.25p. Over the last year, Getech shares have traded in a share price range of 4.125p to 15.875p.

Getech currently has 67,474,375 shares in issue. The market capitalisation of Getech is £5.57 million. Getech has a price to earnings ratio (PE ratio) of -1.97.

Getech Share Discussion Threads

Showing 4751 to 4774 of 4775 messages
Chat Pages: 191  190  189  188  187  186  185  184  183  182  181  180  Older
DateSubjectAuthorDiscuss
16/4/2024
09:23
I agree that they are a sitting duck to be taken over, at a market cap of under 6 million it's loose change to these multinationals
32campomar
16/4/2024
09:11
I agree 32campomar. When I spoke with him recently he was adamant that they didn't want to find themselves in the same position as last year and I believe he's very much turning this around. On that basis, happy to take the broker forecasts as realistic and deliverable which suggests the shares are cheap at or around these levels. Next years EPS expectation of 1.5p implies a forward PER of under 6, so further contract news and a continuation of the strong start to 2024 should eventually translate into a rerating.Quite possible though, (imo) that it could be yet another company that succumbs to being acquired!
hastings
16/4/2024
08:30
I hope you are right
If so, it should go up

book5
16/4/2024
08:04
It's a shame the shares responded in that way, because Richard Bennett has really turned this round since the turn of the year with new customers , increased revenue and with the cost cutting we are now in profit.
32campomar
15/4/2024
20:05
Clearly the contract revenue over 3 years has left someone unimpressed !
yump
15/4/2024
07:43
Really liking the 5% equity interest model - could prove to be very lucrative - as well as the revenue element
32campomar
15/4/2024
07:27
Richard is doing a great job here.
playful
15/4/2024
07:11
What a great start to the year, Going from strength to strength !!15 April 2024Getech Group plc("Getech" or the "Company")Announcement of Joint Natural Hydrogen Exploration Agreementand Two Further Natural Hydrogen Exploration Contracts Getech, a world-leading locator of subsurface resources, is pleased to announce three separate contract wins related to the exploration of natural hydrogen (also known as 'geologic' or 'white' hydrogen). The first is a strategic joint venture exploration agreement with a new customer partner, while two additional contracts have been secured with existing exploration clients.All three contracts are aimed at locating natural hydrogen resources for commercial development and demonstrate that the Company is at the forefront of this exciting new subsurface energy transition opportunity. Combined, the three transactions are expected to generate £390k of revenue over 3 years, with additional potential upside.The joint exploration agreement is with a major European headquartered global industrial and energy company and aims to locate and develop economic natural hydrogen accumulations. In addition to earning fees for its exploration services, under the terms of the contract agreement, Getech will also earn 5% equity interest in any licenses obtained within a designated area and will be 'carried' through the exploration phase, including field sampling, exploration drilling and well-testing.Over the course of the multi-year programme, Getech will apply its proprietary and industry-leading natural hydrogen location solution. This begins with understanding and modelling the geologic conditions known to produce natural hydrogen. Getech is uniquely placed to do this using its exclusive global geological and geophysical dataset which it has compiled over 30 years and used successfully for decades in other natural resource sectors. Getech will then deploy proprietary machine learning algorithms to find 'digital signature' matches in its data to predict the location of new natural hydrogen accumulations. Once natural hydrogen source rocks have been identified, Getech will use extensive experience gained from the oil and gas industry to predict the migration and trapping of hydrogen through the earth to identify subsurface reservoirs where hydrogen may have accumulated. This will be followed by verifying or 'ground truthing' these results in the field. The new customer partner will then take the lead in subsequent exploration drilling and development activities.The two additional contracts are with existing exploration clients to screen for natural hydrogen and hydrogen storage projects in Eastern Europe and the USA. The projects will again use Getech's Globe geoscience platform, geophysical data and AI technology to locate areas with the geologic conditions to produce natural hydrogen.Richard Bennett, CEO of Getech, commented:"These transactions build on a good start to the current financial year and of course, further expand our expertise in helping our customers seek out natural hydrogen. We are also delighted to have signed another equity joint venture agreement with a leading energy company, supporting its search for this new but potentially game changing resource and sharing in the upside, if we are successful."
32campomar
04/4/2024
15:25
Thanks, seems to be plenty going on.......!
chrisdgb
03/4/2024
12:52
Great write up thanks Martin I Like this bit 'they are now receiving substantial interest in the using of their tech for the exploration of white hydrogen'Very cheap
32campomar
03/4/2024
12:23
Write up for interest, following my catch up with Richard Bennett.https://martinflitton1.wixsite.com/privatepunter/post/getech-could-prove-well-placed-for-growth-03-04-24
hastings
03/4/2024
09:24
Our collaboration could prove to be very valuable!
32campomar
03/4/2024
09:15
Great to see East Star Resources doing well today.
playful
02/4/2024
08:53
That is our market
book5
31/3/2024
16:29
Excellent article
32campomar
31/3/2024
14:49
We are featured in today's telegraph...

Getech, a London-listed tech company, is collating data from across Britain and has pinpointed potential hydrogen-bearing rocks in parts of the British Isles too.

The deposits lie in a belt across Scotland stretching roughly from Greenock in the west to Aberdeen on the north east coast. There are others on Shetland, the Lizard peninsula in Cornwall and near Omagh in Northern Ireland.

Chris Jepps, chief operating officer of Getech, said: “This is an embryonic industry right now. So it’s too early to say much but it’s also very exciting. There’s some evidence it could be as big a market as oil and gas.”

playful
27/3/2024
09:23
A global gold rush for buried hydrogen is underway — as hype builds over its clean energy potential
playful
26/3/2024
08:03
Another partnership, this time with American stock exchange listed Exprohttps://getech.com/news/getech-and-expro-partner-to-advance-sustainable-energy-solutions/
32campomar
21/3/2024
10:31
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!
hastings
21/3/2024
09:58
Nice to hear from you & that you still have an interest here, it's been a while !
32campomar
21/3/2024
09:50
Thanks Martin, I look forward to reading this.
playful
21/3/2024
09:46
Good to see some momentum and focus on the historic/core business, which is what attracted me in the first instance.Pleased to say, I'm currently engaging with Richard Bennet for a catch up that will hopefully happen tomorrow.I'll add a write up on the back of that for interest.
hastings
21/3/2024
08:40
1.9 million net cash is really good news. Last year it looked like they may have to raise cash, but that looks unnecessary now .With AI progress, if this was listed on Wall Street as a technology stock (which is what it should be rather than in the oil and gas sector) then its valuation would be much higher. It's a shame the UK stock market is so depressed at the moment but at some point investors will realise just what we have here.Richard Bennett should go on a charm offensive in America!
32campomar
21/3/2024
07:51
Broker note…

We have introduced 2024E, 2025E and 2026E forecasts. Following a muted 2023E, we expect 2024E revenue to increase significantly to c£5.5m (2023: £4.0m). Whilst a material c37% YoY increase, our 2024E revenue forecast is only c9% higher than 2022A. We expect this increase will be driven by the recognition of the Company’s £4.5m orderbook into revenue and new contract wins. Getech has already made a strong start to 2024, having announced three new annual software subscriptions and the renewal of eight annual licences for Globe and software licences. Revenues for the first two months of 2024 are c40% ahead of 2023, with annual recurring revenue increasing to £2.9m (YE22: £2.4m). We model Getech being cash flow positive from operations in 2024E and increase our target price to 15.0p (from 13.2p), a 2024E EV/Sales and EV/EBITDA multiple of 1.5x and 10.2x, respectively.

playful
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