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GTC Getech Group Plc

1.95
-0.20 (-9.30%)
26 Jul 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
  -0.20 -9.30% 1.95 1.80 2.10 2.15 1.95 2.15 1,441,896 16:18:52
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 5.07M -2.83M -0.0419 -0.47 1.45M
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 2.15p. Over the last year, Getech shares have traded in a share price range of 1.95p to 11.625p.

Getech currently has 67,474,375 shares in issue. The market capitalisation of Getech is £1.45 million. Getech has a price to earnings ratio (PE ratio) of -0.47.

Getech Share Discussion Threads

Showing 4426 to 4447 of 4875 messages
Chat Pages: Latest  183  182  181  180  179  178  177  176  175  174  173  172  Older
DateSubjectAuthorDiscuss
25/9/2023
13:38
Well it's very odd I can't even buy 10000 shares online. What's that all about ?
32campomar
25/9/2023
13:28
When O&G exploration was booming, GTC was a healthy company with a nice niche. The biggest blunder seems to have been complacency in moving properly into other markets when exploration cut back significantly.

While at the same time talking like some major corporate when it came to H2 Green which was a complete startup with no assets other than a bit of talk and a few ideas by the look of it, if that counts at all.

At least I assume they now have some decent contacts in the area of hydrogen development plus a decent spread of opportunities across the various new areas for the core business

If this is the kitchen sink moment, might not be a bad time to make a speculative purchase for new investors. I get the impression that the rest of us will be sitting on our hands for quite some time, in the hope that it becomes profitable and re-rates.

yump
25/9/2023
11:31
Yes Book5, break even with 2 million of cost cuts gives a stable platform going forward.Any new business wins going forward will mean profitability
32campomar
25/9/2023
11:21
2 million savings should bring us close to breaking even
very ambitious and needed

Happier now, a smaller consultancy business focusing on mineral exploration should survive and share price recover some losses

Problem: credibility is low

Till the next positive rns, hopefully soon.

gla

book5
25/9/2023
11:10
Haven’t watched it yet - decided to wash my bike instead.

Re profitabilty - it sounds as if the core business has been run in a very slack way financially. Even if you take out the H2 costs.

May be a wrong assumption on my part, but from Copus presentations, I got the impression of an academic, not an operational business guy. Perhaps that’s a legacy that includes some others who will soon be “let go”.

yump
25/9/2023
11:08
Market reaction to presentation appears negative as bid offer dropped as 11:02 to 7.0/7.5p compared to 7.5/8.0 at start of presentation. However probably just Brownian Motion - The key is where the price is at market close.

Any views on the presentation?

pugugly
25/9/2023
10:58
Yump

The management agrees with you a sober approach is needed.
Question for the seniors of GTC: what is the most extended period this company has been profitable?

book5
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
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