Getech Share Discussion Threads

[chrisdgb] 22/1/2024 08:31

What do we think of the price of the sale........?

[workingfromhome] 05/1/2024 22:05

So many exciting opportunities for Getech

[playful] 05/1/2024 19:32

Revolutionising lithium exploration

[dangersimpson2] 03/1/2024 18:32

Strangely, this was actually a profits warning today, with £4.0m revenue below Cavendish's previous estimate of £4.2m and a £0.1m EBITDA miss that flows through to the PBT and Net Cash also being £0.1m lower than forecast.

TBF, this miss is relatively minor compared to the scale of the losses, and with Cavendish not brave enough to make any forecasts for 2024, this could be positive for the future. However, the progress on key metrics appears lacklustre at best:

31/12/2022 30/06/2023 31/12/2023Order Book 4.6 4.4 4.6ARR 2.4 2.6 2.8Forward 6m Revenue 1.9 2.1



So 24H1 revenue is probably between £2.1-2.2m based on these figures. The real question is, have they managed to cut costs fast enough to make this cash flow break-even?

[yump] 03/1/2024 18:15

Oh look, around 13p is where the last level of stability was ! Must be a coincidence, as how could carefully calculated target prices end up in the same area ?!

[chrisdgb] 03/1/2024 09:55

Cavendish target price 13.2p.........

[workingfromhome] 03/1/2024 08:53

Great start to the the year

[playful] 03/1/2024 08:48

I am pleased to see we have hit the ground running in 2024 and feel the positive news flow will only continue to grow!

[book5] 03/1/2024 08:25

The market likes it

[32campomar] 03/1/2024 07:41

What a lovely surprise this morning !

[workingfromhome] 01/1/2024 22:27

Happy new year!I believe 2024 will be a much better year for Getech shares with a big re rating for AIM in general

[yump] 31/12/2023 10:45

Interims said this:
“However, our order book is stable and we are generating a good pipeline of future projects, the majority of which come from outside of the oil and gas market”

And trading statement said soft last few months.

So where is the O&G revenue from the exploration uplift.

Hopefully that uplift is very recent and they have yet to mention it for some reason other than just having permanently lost customers.

2008-2015 O&G exploration looks like it was about twice current level and its now back to pre-boom levels, but they do look stable for next few years.

So basically looks like GTC benefitted from a boom in the good years.

If it can get back to viability then at least revenue will not be dependent on one form of exploration.

[playful] 31/12/2023 08:25

From what I remember they told us their sales pipeline on the O&G side of things was the best it’s been in years.

[yump] 29/12/2023 20:06

In an article about Baker Hughes (clients in O&G), Hargreaves lansdown state that after an extended quiet period, O&G exploration is booming.

I don’t know the comparative spend between 2015 and now, but in 2015 GTC had revenue of 8mln and pretax of about 2mln.

If the O&G revenues are not picking up and reported as picking up by GTC, why not ?

Have they permanently lost clients in O&G and are just scrabbling around in new markets, or have they become distracted ?

[playful] 29/12/2023 12:15

Thanks Pat!

[cockerhoop] 29/12/2023 10:47

HNY Playful, Good luck in 2024 :-)

[playful] 29/12/2023 09:56

I remain supportive here.

Forever the eternal optimist some might say.

They need to crack some eggs and get cooking in 2024.

[chrisdgb] 29/12/2023 09:21

What will 2024 bring for this frustrating situation...........?

[book5] 23/12/2023 06:02

Hopefully, this will bring new business.

Merry Christmas

[playful] 20/12/2023 22:50

Once we apply machine learning to our mapping software technology this little company could give us all a nice surprise…

Traditionally, geologists examine spatial data to guess where metals are most likely to be located underground, and then mining companies explore those areas manually to see if that expert judgment was correct. Kobold combines AI with large volumes of data on the Earth’s crust, building complex sub-surface models to locate minerals in areas that are less obvious.

[workingfromhome] 20/12/2023 22:13

Lots of overly negative and Ill informed nonsense on here in recent days. In my experience, it looked like capitulation today, always a good sign for a true contrarianThe only way to make real money is to buy when others are fearful. A turning point could be near

[battlebus2] 20/12/2023 18:38

Yes. Good to see it and the keen buying this afternoon.

[32campomar] 20/12/2023 16:32

What a roller coaster ride that was

[yasx] 20/12/2023 15:13

Revenue is meaningless - those revenues are not helping GTC which looks to be in a precarious position.

Why don't they sell Kitson by way of an auction - it buys them some time to remedy the current egregious state of affairs.

[book5] 20/12/2023 13:32

More than revenue, we need between 300k and 400k annual profit to justify the current valuation
And for that, we need better margins and cut useless overheads.