Getech Share Discussion Threads

[32campomar] 10/12/2024 11:29

Yes it was slower than expected But we still have a company valued at a paltry 3 million, with a property to sell and the best part of 1.5 million in the bank. The collaborations will lead to more work, hopefully, and these things take time but with the recent placing they have got time and at these levels we can be patient.

[dean44] 10/12/2024 10:30

They missed targets.

Cavendish were expecting £5.1m of revenue last year before the 15 Dec update which said that revenue was expected to be below market expectation and in the 4-4.4m range.

The 3 Jan update actually said revenue would be £4m, the bottom of the range given in Dec.

Cavendish were expecting £5.5m revenue for 2024 but had to downgrade that to £5m when the placing RNS came out in Aug this year saying that conversion of the sales pipeline had been slower than expected and that revenue will be lower than market expectations.

[32campomar] 10/12/2024 09:53

That's misleading. That was down to a technical delay in the payment of one contract, it was paid a few days later and hence the new positive update on 3rd Jan. They have £3 million in ARR.

[dean44] 10/12/2024 08:16

It was another RNS Reach. Not a proper RNS. Any revenue will not be large.

How will they make the year end numbers without proper contracts with decent revenue?

Last year they issued a profits warning on 15 December and the share price fell 27%.

[32campomar] 09/12/2024 23:23

Demonstrating this, the collaboration has already resulted in the successful completion of a revenue-generating project, underscoring the immediate benefits of this partnership to both companies.

[playful] 09/12/2024 07:30

Another collaboration!! This time with some Danish guy who has recently set up a fantasy hydrogen index tracking fund in his spare bedroom ?

Show me the funds valuation?

[playful] 26/11/2024 09:04

It makes no material difference hence why it’s not an RNS.

It is probably just another collaboration agreement but the word contract sounds more exciting and the absence of a monetary value is very telling.

Bill Mooney set up kingfisher just two years ago on a shoestring budget..

[32campomar] 26/11/2024 09:03

They've got loads of cash in the bank and were very close to cash flow positive before this announcement, even if it's a small one it may well push the company into the black at long last, but agree be nice to see the back of the property

[dean44] 26/11/2024 08:53

This was an RNS Reach. Not even a proper RNS and no figures given.

They need to win some decent contracts with big companies. Not looking good.

[chrisdgb] 26/11/2024 08:47

Would feel more comfortable if they could sell Nicholson House......

[tbrian318] 26/11/2024 08:42

can anyone find a website for "Kingfisher Energy Corporation"? Brian Glover and Murray Rodgers, Co-Chair/CEO’s

[32campomar] 26/11/2024 08:09

Nice to see some news flow this morning ! Great news

[playful] 25/11/2024 15:01

Cavendish will not be getting a Christmas card from Robert & Virginia Millington 😂

[tbrian318] 21/11/2024 18:05

It's ok @playful - plenty of investors' cash to cover both

[playful] 21/11/2024 11:00

Another Payroll running at GTC soon and those expenses need to be in this week too!

[dean44] 08/11/2024 08:09

The CFO leaving last month with less than one month's notice is a bad sign imo.

Would he leave if things were about to turn good?

[dean44] 04/11/2024 11:24

A no payment collaboration.

They haven't announced any new contracts since April. What is going on?

I can't see how they are going to make their year end numbers. Profit warning was in December last and saw the share price drop 27%.

[yump] 30/10/2024 14:13

Judging by the last RNS, the business is morphing again partly into the high risk area of exploration. It crosses my mind that its another element like the H2 projects, where there is less (or no) payment up front, but supposedly riches at the end.

Not holding out much hope.

[chrisdgb] 30/10/2024 13:52

Rally on......

[32campomar] 30/10/2024 13:50

Very interesting announcement for 11 new green hydrogen projects across the UK.Could GTC's mothballed hydrogen assets come back to life ? Wouldn't that be nice !

[playful] 27/10/2024 19:56

Despite losing the dead wood (daytime telly addict) they continue to head for the rocks.

[playful] 25/10/2024 07:47

Its payday for everyone at GTC this week courtesy of their shareholders.

[chrisdgb] 23/10/2024 09:09

Need to clear the Budget out of the way and some contract news could get it shifting....oh and the building sale

[tbrian318] 23/10/2024 08:34

Is this a zombie stock now? No contract announcements in an age. No interest from the market for the past few RNSs (not that was anything exciting there). Thoughts?