Getech Share Discussion Threads

[bookbroker] 27/6/2023 17:22

Why has Kitson House not been sold, been on the market for years!

[bones] 27/6/2023 16:59

Any significance to Dr Cooley terminating his directorship of H2 Green Ltd on 15th June (notified to Co House yesterday)? That seems to have lasted 3 months but is not proof of anything else as there has been no RNS about it.

Seems odd though.

This is the link:


I do not hold here these days but I still get companies house notifications of cos I’m interested in and this one hit my inbox.

[pugugly] 27/6/2023 15:36

Hi bookbrker - Just reviewed as a constant faller. Could it be that the appointment of Dr Graham Cooley (ex ITM) could be an exit signal for some. He may be a very good scientist but ITM spiked and then fell back under his leadership.

MC Now £7.4M - below the authorised limit for most II's so sales could be an II pulling out - Cannot remember if any held here but now a very small minnow.

[bookbroker] 27/6/2023 14:54

Not surprised, either a fund raising on the cards, but this company has shown a complete inability to live up to all the hyperbole during Copus’ days in charge, and is now insignificant with regard to the H2 future. H2Green has not delivered any benefit whatsoever, and the future is so clouded and drawn out. I suspect that private investor who was buying up stock a year ago has cried wolf, and is now desperately trying to get out.

[chrisdgb] 27/6/2023 14:37

Someone wants out.........

[chrisdgb] 14/6/2023 08:27

Thanks for the link, story looking good here.....

[32campomar] 09/6/2023 15:03

Excellent presentation well worth a watch, this new guy in charge comes across very well

[battlebus2] 09/6/2023 09:26

Looking forward to the H2 presentation on July 6th.

[playful] 09/6/2023 08:58

Link to the recording….

[32campomar] 08/6/2023 11:00

That's good to hear. We just need other investors to agree. Market cap of 10 million with all this potential is such a great opportunity

[battlebus2] 08/6/2023 10:38

Excellent presentation. Getech should return to profitability shortly and H2 won’t be getting much more funding. So likely some sort of strategic partnership or the like. No need for further funding. All good I thought.

[32campomar] 08/6/2023 10:17

Hopefully there will be a recording or perhaps you could summarise, cant make it with work commitments

[playful] 08/6/2023 09:52

Starts in 10 minutes:

[32campomar] 08/6/2023 09:13

How many more times are we going to bounce off 12.5p. As floors go it's proving to be a very good one. Anyone going to the investor presentation this morning? Hopefully might generate some interest.

[playful] 05/6/2023 09:46

From todays research note ...

Well Placed to Seize Significant Opportunities in Different Sectors – Post period, Getech completed a geothermal screening of c130 manufacturing sites of a multinational FMCG company, where Getech was able to apply its geoscience and geospatial analytics to advance the company’s decarbonisation efforts. As Getech continues to diversify its revenues stream, it is clear that there is a valuable commercial opportunity for Getech to become the partner of choice for companies across a broad range of sectors looking to decarbonise their operations.

[yump] 05/6/2023 09:22

It used to be profitable on its core business. The cost of H2 green wasn’t present then.

So its a question of waiting to see what value comes out of the green H2 side. Not clear yet how that might be realised but I imagine at some point, projects will get to a stage where a float of H2 Green is attractive.

[battlebus2] 05/6/2023 08:08

Exactly. Also pleased with the trajectory we are going in. Those profits will flow in time.

[32campomar] 05/6/2023 08:01

Investing in the development of a fast growing company doesn't translate to profits at this stage.

[hutch421] 05/6/2023 07:32

Did anyone come across the word "profit" anywhere?

[32campomar] 05/6/2023 07:21

Strong set of results, plus no need for any new placing which is always a relief !

[playful] 05/6/2023 07:13

I’m very pleased with our progress….

Financial Highlights
-- Double-digit revenue growth, ahead of market expectations: GBP5.1 million (FY2021: GBP4.3 million) with a 66%/23% split between transitional petroleum and critical minerals
-- Record orderbook: GBP4.6 million, a 39% increase (31 December 2021: GBP3.3 million)
-- Annualised recurring revenue: up 14% to GBP2.4 million (FY2021: GBP2.1 million)
-- Strong cash position: GBP4.3 million at 31 December 2022, with cash held flat across H2 2022 by sales momentum and careful capital management (31 December 2021: GBP5.9 million)
Operational Highlights
-- 42% YoY increase in the number of software subscriptions sold
-- New solutions developed to locate copper, gold, cobalt and helium
-- $900k largest-to-date critical minerals contract, with a multi-mineral global mining company
-- Strategic partnership with global geothermal technology company Eavor to jointly locate and appraise a portfolio of geothermal projects in Latin America (post-period end)
-- First contract for integrated decarbonisation solution for a global FMCG company (post-period end)
-- Wholly owned subsidiary, hydrogen developer H2 Green progress:
o Dr Graham Cooley appointed as H2 Green's Chair. As the former CEO of ITM Power, Graham played a key role in transforming ITM Power into a hydrogen market leader ( post-period end )
o Inverness Green Hydrogen Project has been selected for a UK Government grant from its Net Zero Hydrogen Fund ( post-period end )
o At Shoreham Port, H2 Green increased phase 1 capacity from 0.8 tonne/day to 2.5 tonne/day due to bigger local demand and extended its commercial exclusivity to 2027
Outlook
-- Strong balance sheet, sales pipeline growth, plus good customer and partner momentum
-- Work to sell Kitson House is progressing

[yump] 02/6/2023 14:46

On a different note, been reading about the planning obstacles to making progress with renewables.

Specifically a comment stuck out that by the time planning is approved, smaller businesses, however great and innovative, cannot stay funded for that long.

Perhaps fortunate here that planning approval doesn’t seem to be a major issue and also that there is a decent flow of revenue from the existing business.

[yump] 02/6/2023 14:41

Whether you worry about delays or not, depends on whether you’re being paid a salary or an investor (and on your purchase price). I wouldn’t be worried if I had previous shares at 5p, or had options at 15p exercisable at say 30p.

I hope we’re not relying on tweets to get a decent return.

Best for him to shut up if he’s not got any sensitivity to investors.