Getech Share Discussion Threads

[32campomar] 26/9/2023 16:47

Does anyone have a link to the investor callFrom yesterday ?

[32campomar] 26/9/2023 12:36

We would be even happier if Richard bought a sizeable stake too to add to his current modest holding! I don't think we will need to wait too long...

[battlebus2] 26/9/2023 12:31

Richard seems happy with our biggest shareholder adding

[battlebus2] 26/9/2023 08:07

Hawthorne.

[yump] 26/9/2023 07:51

Stuart who ? I only deal in surnames when it comes to shares and my money.

[32campomar] 26/9/2023 07:26

Now we need to see director buying

[battlebus2] 26/9/2023 06:09

Good to see Stuart adding to his holding which is now over 13%.

[big7ime] 25/9/2023 15:47

Yep, nobody could have made a worse job. Really don’t deserve to get paid, should be cleaners because they’ve taken the co to the cleaners. What a disgrace

[bookbroker] 25/9/2023 14:51

This company has been so badly mismanaged over the years, and Paton is principally to blame. He has been behind every transaction this company has done in the last ten years. Overpaying to diversify when they should have stuck to geo-spatial analysis. It was a steady and safe earner, totally ruined what Derek Fairhead started!

[book5] 25/9/2023 14:48

You should add other bombed stocks to diversify
Careful
Survival is key to having the chance to recover ur cash
We don't know where this is going
They could raise cash tomorrow

[battlebus2] 25/9/2023 13:00

Added a few.

[pugugly] 25/9/2023 12:59

Four points of concern:-
* Very illiquid to exit if new strategy does not generate cash flow positivity.
* If not cash flow positive might need new funding.
* Cavendish adjusted fy 23 adjusted profit before tax MINUS £4.8M
* Adjusted loss per share 4.8p

Also (IMO) next potential significant cost saving -- delisting.

I thought Bennett very politically correct about the problems at H2Green.

[32campomar] 25/9/2023 12:38

Well it's very odd I can't even buy 10000 shares online. What's that all about ?

[yump] 25/9/2023 12:28

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.

[32campomar] 25/9/2023 10:31

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

[book5] 25/9/2023 10:21

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

[yump] 25/9/2023 10:10

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”.

[pugugly] 25/9/2023 10:08

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?

[book5] 25/9/2023 09:58

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?

[yump] 25/9/2023 08:56

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.

[pugugly] 25/9/2023 08:15

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

[book5] 25/9/2023 07:40

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

[pugugly] 25/9/2023 07:37

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?