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GTC Getech Group Plc

3.25
-1.30 (-28.57%)
21 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Getech Group Plc 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
  -1.30 -28.57% 3.25 3.10 3.40 4.55 2.60 4.55 6,942,666 16:03:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 5.07M -2.83M -0.0419 -0.78 2.19M
Getech Group Plc is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker GTC. The last closing price for Getech was 4.55p. Over the last year, Getech shares have traded in a share price range of 2.60p to 13.625p.

Getech currently has 67,474,375 shares in issue. The market capitalisation of Getech is £2.19 million. Getech has a price to earnings ratio (PE ratio) of -0.78.

Getech Share Discussion Threads

Showing 4401 to 4423 of 4800 messages
Chat Pages: Latest  180  179  178  177  176  175  174  173  172  171  170  169  Older
DateSubjectAuthorDiscuss
25/9/2023
09:56
I reckon the work they’ve done on H2 is actually just core business ie. Analysing the sites at Inverness and Shoreham.

That makes the expansion of the core business offerings outside O&G more easy to market. Especially if there are few or no other companies with any significant experience with H2 demands on geological structure.

H2 is a growth area - there’s increasing interest. GTC’s best outcome is to be the expert in the small part of that where their expertise is needed. Nothing wrong with a set of small but rapidly growing niches.

Perhaps the best (only) good thing coming out out of the H2Green fiasco is that its been a catalyst for diversification.

The best thing is that the people who might have carried on with their ego trip projects have gone. So resistance to a more sober approach has hopefully gone as well.

yump
25/9/2023
09:15
Anyone know if the Frog Co is still holding any shares?
If so and they have to unload by Christmas then share price could still have much further to fall (imo) Now 7/7.5p and MC £4.88M

pugugly
25/9/2023
08:40
book5 - 24 Aug 2023 - 15:52:05 - 2636 of 2803
allowing for 8% inflation, they have not increased sells or increased margins

book5
25/9/2023
08:37
Now down 21% and virtually all trades in the red - 281K sells -v- 8K buys (Allording to alogro's - but could be some gamble buys in the sells.

Could the IMC presentation halt the fall?

pugugly
25/9/2023
08:36
H2 means nothing bcs there are not specific targets only reference to a large market

imho they will cut costs to the bone, and try to sell the consultancy business

book5
25/9/2023
08:35
Presumably redundancy costs involved 2 people getting rewarded for putting the business into this position - but of course that’s par for the course with BOD’s.

It was obvious that the financials were going to be bad.

Still not clear about H2 Green but hopefully won’t now divert attention of funds.

Yes “partners̶1; could mean anything. From an external view, what is there to partner with ? What, if any, assets has H2 Green got ?

More likely GTC get a revenue, royalty or equity share in return for core work done on H2 projects (ie. Identifying snd clarifying sites/geology. At least that would not require capital, but it would delay income until projects were quite advanced.

No problem if that ends up being a relatively small part of income. Repeat contract revenues as the bulk and a few stakes instead of up front income.

yump
25/9/2023
08:02
Tubthumping
book5
25/9/2023
07:44
Good job Richard Bennett has come in to replace Jonathan Copus and got a grip of costs, now refocused and cash flow positive going forward
32campomar
25/9/2023
07:37
Hybrasil
Most of us are down

book5
25/9/2023
07:29
Kitchen sinking isn’t pleasant but a necessary evil for a fresh start.
playful
25/9/2023
07:29
Not my brightest investment.

I’m down a mere 68% here!

hybrasil
25/9/2023
07:20
playfyl:- rns C- possible D, suggests you need something much stronger than coffee -
"On an unchanged cost base, recorded a loss before tax and exceptional costs of £2.2 million (exceptional costs being £0.7 million)"

No real clarification of H2Green position.

pugugly
25/9/2023
07:20
"increase and target marketing and sales activity towards the $1 trillion Energy Transition market"

:-))

Why do companies put that spin in their statements eh !

dave4545
25/9/2023
07:19
H2Green a complete waste of capital, it gave the company a lift, and an opportunity to raise cash but frankly a distraction. Copus duped by Paton, who in his time at GTC proved to be a disaster. Still rabbiting on about Kitson House, a millstone around this company’s neck!
bookbroker
25/9/2023
06:57
I have my toast and coffee so I’m all ready now.
playful
24/9/2023
14:57
I hope it is better than the other 90% of the due diligence done by the different institutions, which so far carry substantial losses
Check Cnr and Cgh. Their billionaire director or private principal shareholders have been buying for years, and still, their respective shares are on their knees. They also did their due diligence
My boss lost a fortune in Marconi, together with his marriage and had to put 60 family properties on sell.

The graph is saying the chances of success (we need to define it) is low.

As always manage ur portfolio: “Hope for the best, prepare for the worst

book5
24/9/2023
13:47
Hi Pugugly

Cnr assets are in Nicaragua
Gtc assets are here; therefore, its directors will not spin as much.

book5
24/9/2023
11:23
I guess an institution picking up 2 million shares at a cost of around 200K is part of the ramp? Do you think they have done due diligence or just put a blindfold on and chucked money down the drain ?
32campomar
24/9/2023
10:09
7AM tomorrow. All will be clearer then. Make your own minds up then. I’m sure not everyone will be happy with everything but it’s the direction of travel from a management that’s listening to shareholders is the difference this time.
battlebus2
24/9/2023
09:24
book5:_ Possibly as much a chance as CNR recovering to 25p or above.
While we would wish for both to happen could be in blue moon territory.

pugugly
24/9/2023
00:51
Don't listen to those who justify the decrease of the share price Much of the nonsense posted here is a dangerous ramp encouraging others to invest, and the rampers tend to fall victim to their ideology, that is the route to ruin.

Such prolonged hammering of a share price only happens if the news ahead is much worse than previously forecasted.

As I said weeks ago, let's wait for the interims and hope insiders start buying; the rest is dangerous noise. I hope next week GTC shares recovers above our previous maximum of around 12p.

book5
23/9/2023
12:22
Yes I feel the same campomar. Also the fact they will likely be looking to add to their holding at some point should underpin the shares. I don’t care what the naysayers think of GTC I for one feel very confident of our future.
battlebus2
23/9/2023
11:06
I find it really encouraging that an institution may have taken the rest of the shares from Fortune Europe whose fund is being closed down (just under 3% from their last RNS) the week before the results are published.
32campomar
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