Getech Share Discussion Threads

[flashheart] 24/6/2022 08:58

You can buy at 21.84 so these 'sells' are in fact buys

[bookbroker] 23/6/2022 16:20

Maybe, but the market view is somewhat contrary. I have lost confidence in this company’s ability to actually improve its bottom line, a lot of hyperbole surrounding that H2Green acquisition that is going flat.

[32campomar] 23/6/2022 08:09

Quite some vote of confidence.

[battlebus2] 22/6/2022 18:18

Bookbroker it looks like Mr Hawthorne is more than happy with GTC as he added again and now holds over 11%.

[bookbroker] 21/6/2022 18:58

Not sure if I trust the H2 Green lot, look like a bunch of spivs, got to wonder how the other appointments are earning their keep at the expense of shareholders.

[bookbroker] 21/6/2022 18:56

Pathetic performance frankly, all that Copus hot air needs to be doubted.

[yump] 21/6/2022 12:41

Back at the placing price now - its as if the company wasn’t involved in H2 and renewables at all !

[sailfish3] 21/6/2022 10:57

I think the problem is that onshore UK infrastructure projects are fraught with permissions paperwork. Difficult to have news flow while you wait....and wait.... for a particular planning, permitting, lease or connection request to be approved.

[bookbroker] 21/6/2022 10:00

Very weak show from this company, where is the news flow, Copus talks in a supercharged manner, the share is a damp squib. Hawthorne must be wondering what he has bought into!

[yump] 20/6/2022 09:09

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.

[bookbroker] 17/6/2022 14:48

Piece of ambiguity this company, not sure why I have such belief in it. I’m hoping that this being marked down on the basis of general market malaise or a placing with something corporate to follow, but unlikely in this market. I like Copus’ attitude, but would like to see more globe news. The H2 thing is jam tomorrow, and wonder what it brings to the table, although the Shoreham and Highlands agreements are positive steps.

[yump] 16/6/2022 19:46

Anyone want to guess at the endgame here ? Is it to hold a small investment in each of many operational sites and take income from each one's earnings. Eventually becoming a sort of mini Greencoat ?

[yump] 15/6/2022 13:15

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.

[playful] 14/6/2022 22:29

httpS://getech.com/wp-content/uploads/2022/05/Getech-Notice-of-AGM.pdf I encourage everyone to vote.

[bookbroker] 14/6/2022 19:21

This is behaving poorly, think Stuart Hawthorne needs to seek aboard seat, where is the positive cash flow.

[playful] 06/6/2022 06:38

Petrofac is to support a “first-of-its-kind” study to test whether oil and gas wells in the North Sea can be repurposed for geothermal energy. htTps://www.energyvoice.com/renewables-energy-transition/413793/geothermal-north-sea/

[bookbroker] 26/5/2022 10:47

Did it, just cannot hold above 30p for more than a day. Need some more deals on the Globe front rather than H2Green.

[battlebus2] 25/5/2022 15:02

Looks like it went down well.

[32campomar] 25/5/2022 12:56

As I understand it There's an investor briefing in London today for big investors and institutions following on from the one on Monday following the results. Let's hope we get some renewed interest !

[playful] 24/5/2022 09:26

Third Energy seek UK's first geothermal energy pilot in North Yorkshire. Plans to establish a new green energy pilot in North Yorkshire that could sustainably heat thousands of homes in businesses in the region have been revealed. hTtps://www.yorkshirepost.co.uk/business/ryedale-green-energy-pilot-third-energy-seek-uks-first-geothermal-energy-pilot-in-north-yorkshire-3705841

[gregb] 24/5/2022 07:09

Link to yesterday's presentation:hTTps://youtu.be/aQoBgE6idfE

[gregb] 23/5/2022 21:01

A recording of today's presentation and Q & A is now available on the Investor Meet web site.

[32campomar] 23/5/2022 10:28

Anyone signed up for Investor presentation at 11am? Sadly in meetings myself. Hopefully might get new investors

[rivaldo] 20/5/2022 10:16

Cheers playful. Good to see the core business recovering nicely, and it should continue to thrive in the current high-priced O&G environment. Finncap forecast a £1.8m EBITDA loss this year due to increased investment across the board in geotherm, critical minerals and hydrogen. Fortunately the £5.2m cash pile is enough for some time, with £2.5m still forecast in the coffers at the end of this year. There's an interesting additional extract about GTC's first quantifying yesterday of the hydrogen opportunity: "Quantifying the Opportunity Getech has announced its ambition to establish a portfolio of at least 500MW of new geoenergy and green hydrogen assets by 2030. To put this significant scale of this ambition into context, Getech’s first two planned hydrogen developments (Shoreham Port and Inverness) at combined full capacity would represent 10% of this ambition. In achieving this ambition, Getech would be helping to accelerate the energy transition and ensuring a secure supply of energy; saving an estimated 2mtpa of CO2; all whilst delivering substantial shareholder value. We note that if all this target was delivered from green hydrogen in the UK, it would account for c10% of the UK Government’s 2030 green hydrogen target (see below) In addition to sourcing additional green hydrogen asset agreements, Getech is also evaluating asset participation opportunities in geothermal energy and energy co-location projects in the critical minerals sector. The Group also indicates that the momentum it is building in the hydrogen commercial transport sector is opening doors to larger volume hydrogen customers – including industrial consumers and H2 export."

[playful] 19/5/2022 07:50

From this morning’s Cenkos note…. 2021 was a pivotal year for Getech, as the Company expanded its business model to accelerate the energy transition by using its world- class geoscience data, unique geospatial software and leading expertise to locate, develop and operate geoenergy and green hydrogen projects. This positions Getech ideally to support an anticipated global expansion in capital spending across the energy sector. Despite the uncertainties that existed throughout the year, FY21 revenue at £4.3m rose 20% YoY (in line with expectations), and Getech’s orderbook at 31st December 2021 expanded by 25% to £3.3m. In the period the Group also made its first project development investment – purchasing H2 Green, a hydrogen development company. Since this acquisition, Getech has signed a number of valuable strategic agreements and secured its first two hydrogen development projects. Building on this momentum, Getech has announced today its ambition to establish a portfolio of at least 500MW of new geoenergy and green hydrogen assets by 2030. This is the first time that Getech has quantified its substantial ambition, which if met could save up to c.2m tonnes of CO2 production annually and deliver transformational value for the Company’s shareholders. With a strong balance sheet and a unique foundation of product offerings, we believe the Company is well positioned to capitalise on an expected increase in energy sector investment and we maintain our BUY recommendation.