Getech Share Discussion Threads

[yump] 24/1/2020 10:51

Guess its another year of waiting around this share price level to see what happens. At one point x years ago they produced 3p earnings from 7mln revenue, but I think there was a one-off in there from memory. But they are clearly quite heavily geared to an increase in revenue - on the day that there's nothing else going on ! At least its not just some vaguely specified pipeline that is increasing - the order book is as well.

[pireric] 24/1/2020 09:47

Versus most companies pre close trading updates which just say in line or whatever, I'd say GTC have provided more detail But get your point

[shanklin] 24/1/2020 09:26

Fair enough but why not provide it? It makes it look like they have even more to hide than all the problems they have detailed.

[pireric] 24/1/2020 09:09

Shanklin they give enough detail to quickly work it out so think you're being a little harsh £6m revenue £6.4m mid case cash operating costs (i.e. adjusted) Interest expense you can pencil in £50k probably Gets you adj PBT

[shanklin] 24/1/2020 08:07

Pathetic that GTC give guidance on EBITDA but not on either PBT or adjusted PBT (separating out the write-downs).

[bookbroker] 24/1/2020 07:21

A huge mistake by the previous chief to acquire and grossly overpay for ECRL., prior to that they were rolling in cash, that carelessness pretty much has seen that the value in that purchase entirely written off. Understand the need to try and diversify the offering, but small companies need to be extremely careful in what they choose to become involved in!

[pugugly] 24/1/2020 07:13

yump - So correct - Profit and impairment warnings today. https://www.investegate.co.uk/getech-group-plc--gtc-/rns/financial-update--12-months-to-31-december-2019/202001240700067884A/ "we expect EBITDA to lie between £0.6 million and £0.8 million (2018: £1.1 million)"

[yump] 21/1/2020 16:35

Well they have moved into a wider geo-services market, so my money's staying put - they're not so dependent on oil exploration any more - hopefully ! If the business has stabilised, it might be ready for some growth. They've had a pretty dire time in the oil field. Unfortunately I think we will continue to burn a large proportion of our resources, rather than making useful stuff from them. Always shocking when you think what can be made from oil and then we just burn it.

[pugugly] 21/1/2020 16:31

yump_ Probably best to look elsewhere - A tiddler - under £10M market cap - Oil and gas prices under the cosh - If climate change is ever to be slowed down a lot of hydrocarbon reserves will have to be left in the ground - so (imo) the market for Getech's services will be contracting - unless of course the technology and data base can be used to find cobalt. nickel or graphite.

[yump] 21/1/2020 16:23

;-) This is a bit boring isn't it. Better be careful what to wish for though...

[deanowls] 21/1/2020 09:01

Brilliant northern, take a look at walkers crips also, really good flavors.

[tiswas] 21/1/2020 08:44

Northernhills Keep Lurking.

[soundbuy] 20/1/2020 14:02

Quiet......zzzzzzzzzzzzz

[yump] 02/12/2019 10:57

Thanks for that information I had no idea of the link. share price seems to have recovered - must be a reasonable bet for delivering 3p earnings in the next couple of years. Not that exciting, but good enough if it happens and then the multiple will go up as well.

[malnu] 28/11/2019 01:27

The stench of IP Group has finally been erased. The lifting of their overhang is great news for the share price going forward (it wouldn't have been this low in the first place if it weren't for IP). Reason: IP have been caught up in the backwash of Neil Woodford's demise. Woodford's forced selling of IP shares have pushed its shares to a big discount to asset value. Rightly or wrongly, IP believe they need address this discount with an increase in cash and more liquid securities. One man's pain is another man's gain!

[soundbuy] 27/11/2019 08:18

BGF group at it again??

[boonkoh] 26/11/2019 14:47

Wow 20.5p! Super illiquid market here.

[pugugly] 26/11/2019 14:46

Looks as though true price to buy for PI's shold be in region of 21p MM's ripping off the poor PI - Also very difficult usually to trade in any volume ususally - (imo) - If it was IP group selling out - reason?

[cockerhoop] 26/11/2019 13:38

IP Group appear to have sold their 11% stake.

[pugugly] 26/11/2019 13:16

Looks like more than 4.1 million shares traded - but have mainly been taken up - Will be interesting to see which II has sold out and which ones have taken up.

[yump] 16/10/2019 07:07

Looks promising. Green shoots of growth ?

[northernhills] 26/9/2019 15:49

This has got promise but need patience for it to materialise. Another 2p will see me selling.

[soundbuy] 25/9/2019 07:01

Stability and liquidity with micro caps ......rarely go hand in hand

[yump] 24/9/2019 16:17

Crikey 3p would shift the share price. Don't know where I got 1.5p from. Even 2p would do as that growth rate in theory would jump the p/e. If it comes to pass, I guess the most important thing is that the increasing recurring revenues would make forecasting future growth more reliable. If that could be pencilled in, then the share price might be a bit more stable.