Share Name Share Symbol Market Type Share ISIN Share Description
Getech Group 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
  +0.00p +0.00% 24.25p 23.50p 25.00p 24.25p 24.25p 24.25p 0 07:53:38
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 7.0 0.7 3.3 7.5 7.98

Getech Share Discussion Threads

Showing 1651 to 1675 of 1675 messages
Chat Pages: 67  66  65  64  63  62  61  60  59  58  57  56  Older
DateSubjectAuthorDiscuss
20/9/2017
17:20
Got it now thanks. So assuming your calcs. their overall costs for this year should be at 2016 levels or lower ie. the £7.5mln ish. Unless their 32% refers back to 2016. Or 'underlying costs' is not the same as 'cost base'. So basically dependent on an increase in revenue, to move into profit. I guess we'll see if their revenue has bottomed out in the next 6 months or so.
yump
20/9/2017
15:40
GTC referred to cost base in note 5 in the interim results and showed £11m for 2016. The figure includes cost of sales and other adjustments. Company said cost base reduced by 33% in the interim results and I assume the 32% for the full year stated today was on the same basis.I can't deduce a significant profit being made from the changes to the cash position, but I may have missed something what with all the late payments, exceptional and H1 tax refund etc.
tmfmayn
20/9/2017
14:55
I don't know where that £11mln of cost base appears, or what the like-for-like refers to ?? They had 6 months of Exprodat at 2017 interims and admin. costs of £2.23mln. Unless there is no longer a first to second half drop in admin. costs, then £7.7mln revenue, wherever it comes from, should generate a decent profit, excluding exceptionals. When they are referring to cost base, I don't imagine they mean total costs including cost of sales. Normally cost base is overheads, salaries, fixed costs etc. Cost of sales is a variable, generally proportional to sales volumes.
yump
20/9/2017
10:02
A few other figures to ponder on 2016 FY pre-tax profit was favourably massaged by a £800k-plus write-back relating to the reduced value of an acquisition earn-out. So GTC really made an underlying loss that year. Have to remember with these 2017 figures that GTC bought Exprodat in June 2016. GTC's 2017 annual report said Exprodat produced revenue of £2.4m during FY 2016, and contributed £0.4m during its time of ownership that year, and so group revenue would have been c£9.0 had GTC owned Exprodat for the full 12 months. So... revenue of £7.7m for 2017 (with a full year of Exprodat) means underlying sales fell about 15%. I get the impression H2 sales fell more than 15%. Also, the like-for-like cost base for 2016 was cited at £11m within the H1 results. So a 32% reduction for 2017 gives a cost base of c£7.5m, which leaves a £0.2m profit for the full-year. I think the H1:H2 profit split is roughly £120k:£80k.
tmfmayn
20/9/2017
09:08
My understanding is they are due to present at ShareSoc Leeds on 14th November if anyone is interested in attending.
cockerhoop
20/9/2017
08:59
chrisdgb Sit on hands and wait till next year ! Interest will come back if it starts performing.
yump
20/9/2017
08:57
I'm hoping they can maintain their revenue, or even grow it a bit through the new offerings and produce a decent profit of at least £1mln clean. On paper, just the increase to £7.7mln should have quite a drastic effect, assuming costs are somewhere near my calcs. Even with the 2016 costs, that would have given earnings of 3p, excluding exceptionals, which won't be there next time. Then they could easily be on a p/e of less than 10 with growth to come and a bonus if the exploration environment eventually picks up. I had a load on the last dip to this level, so not getting any more quite yet.
yump
20/9/2017
08:55
Title of the thread sums up.............
chrisdgb
20/9/2017
08:51
The figures were ok, in terms of revenue, cash inflow good and sharp cost cuts essential, the purchase of the Henley based concern two years ago overpaid, but Copus doing a good job so far in difficult environment, what is more important is what is down the line, but consultancy their forte, and revenue there will be the key, and diversifying away from what essentially has been more towards the oil and gas sector.
bookbroker
20/9/2017
08:45
At least those exceptionals are proper exceptionals ie. one-offs. First time I've seen anything positive expressed for a while about sales prospects and the figures do show that they've delivered on what their aim was. If it helps anyone, here's a few figures to ponder on: In 2015 they did £8.5mln revenue, giving eps of about 5p. In 2016 it was £7mln, giving eps of about 3p, including a tax credit (400k ish) In general you get 3p earnings for every £1mln pre-tax profit. Just as an exercise: 2016 Profit before tax, excluding the tax credit was 671K. Admin. costs were £2835. They say they've reduced underlying costs by 32%. Not sure what the like-for-like means. So in theory that £2835 would now be 900K. So 671K + 900K = £1.5mln pretax = earnings of 4.5p. I know its not that simple of course, but its a start. So if they are now doing £7.7mln revenue... Of course, cost of sales might have gone up, but as far as I can see GTC must be pretty badly undervalued based on what figures could easily appear in 6 months time. (cost of sales 2016: 50% and in first half 2017: 54%) I guess the change of accounting year will confuse investors a bit, so that could mean there's quite a long opportunity to work out what's going on. (PS. Admin. costs are heavily first half weighted eg. 2016 1st. half: £1970, full year: £2835, so I've taken the 32% reduction over the whole year costs)
yump
20/9/2017
08:33
Surprised no comment yet on trading update - Appear to put the best possible spin on a dire and increaingly challenging situation - Watching but not jumping -
pugugly
14/9/2017
07:16
good entry point-way undervalued-just put them away and wait 6-12 months.
mpclag
13/9/2017
15:46
Taken a few here - let's see how it pans out.
kemche
09/9/2017
11:47
HNR - TWO wells successfully drilled with abundant oil and gas in samples extracted! Fracking and FIRST OIL next month! Don't miss this train!
happyholder123
08/9/2017
20:13
Globe has to be off considerable value to this co., irrespective of its dependence to the oil and gas industry, the mining industry and all other geo-physical uses, Stuart Paton screwed up, Copus will have to prove his worth, the balance sheet is reasonably strong, I have faith!
bookbroker
08/9/2017
15:37
Looking cheap to me...so had a sneaky top up
jaykaytee
08/9/2017
13:00
£7m mkt cap, £2.5m cash, probably trading near asset value, but Writedowns on I'll-timed acquisitions I guess, they are trying to diversify income stream, Copus needs to be more ruthless on costs, but this has to be value!
bookbroker
08/9/2017
12:24
Looks like no one cares any longer - 92,994 SOLD at 23.10p Oil price in decline looks as though could be in over supply for a few years LPG also falling and FT today suggests could have further to fall a new production comes on line so (imo) less to be spent on Getech's main products -
pugugly
01/8/2017
11:39
Sure, but this co. is attempting to broaden their product offering away from oil geophysics to more general environmental context, this is where the future remains!
bookbroker
01/8/2017
11:12
It does seem like we're going to get a disappointing update soon, by the looks of the share price. Terrible chart. $50 oil just doesn't excite anyone to do more exploration.
boonkoh
01/8/2017
10:05
Off nearly 30% since May, clearly trading conditions are extremely difficult, and since no contract announcements in the run up to fiscal year end I am assuming that next statement will be negative, but this could be a value play, not sure that the acquisition of ERCL in 2015 well-timed, but that's history, and I expect a goodwill write down here, thankfully the company is backed by strong cash balances, but the grind-down continues!
bookbroker
10/7/2017
14:24
Outlook doesn't look great with oil prices under renewed pressure recently. So the upside might be delayed, which explains the slide in the share price recently. Personally I feel its undervalued, but then again how long will we have to wait for oil prices to swing up and producers to open the exploration purse strings....
boonkoh
10/7/2017
14:20
I had a sneaky top up this morning...don't think they will fall much further. I'm hoping for positive news in the run up to the results. NAI.
jaykaytee
17/5/2017
13:22
They haven't stated what they expect for this yr as far as I know Except to be materially better than last, profitable, leaner, cash generating and diversifying from oil only The directors have been buying which gives me confidence
big7ime
17/5/2017
13:19
Boonkah I was a bit perplexed by the fact they called it the company's expectations (which could be anything) rather than the market/analyst expectation which are public or at least semi-public
zoolook
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