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GTC Getech Group Plc

9.875
-0.375 (-3.66%)
17 May 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
  -0.375 -3.66% 9.875 9.75 10.00 10.50 9.875 10.25 411,147 14:00:19
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 5.07M -2.83M -0.0419 -2.36 6.66M
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 10.25p. Over the last year, Getech shares have traded in a share price range of 4.125p to 15.125p.

Getech currently has 67,474,375 shares in issue. The market capitalisation of Getech is £6.66 million. Getech has a price to earnings ratio (PE ratio) of -2.36.

Getech Share Discussion Threads

Showing 4676 to 4699 of 4800 messages
Chat Pages: 192  191  190  189  188  187  186  185  184  183  182  181  Older
DateSubjectAuthorDiscuss
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
workingfromhome
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.

yump
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.
playful
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 ?

yump
29/12/2023
12:15
Thanks Pat!
playful
29/12/2023
10:47
HNY Playful, Good luck in 2024 :-)
cockerhoop
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.

playful
29/12/2023
09:21
What will 2024 bring for this frustrating situation...........?
chrisdgb
23/12/2023
06:02
Hopefully, this will bring new business.

Merry Christmas

book5
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.

playful
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
workingfromhome
20/12/2023
18:38
Yes. Good to see it and the keen buying this afternoon.
battlebus2
20/12/2023
16:32
What a roller coaster ride that was
32campomar
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.

yasx
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.

book5
20/12/2023
12:59
What with annual revenue of £4.4 million as stated last week ?
32campomar
20/12/2023
12:29
Worthless and heading for the knackers yard I'm afraid .
bones698
20/12/2023
10:14
I think the database does have value, as it aggregates a lot of data together, much of it from data rooms over the years, so not just information you can find on the web. The quality of the client list is a testament to this. However, it is not just accessing data they are offering but specialists who help get it in the right format to be useful to clients. This is a blessing and a curse, as it isn't just licenses they are selling, so sales come with additional costs, too.

Unfortunately, the dalliance with H2Green etc. has ramped up their cost base far in excess of their revenue and having depleted their capital, they are stuck between a rock and a hard place. They need to increase sales and support functions to win new business to generate new Globe license fees to cover their overheads, but they can't afford to hire many new staff as that accelerates the cash burn in the short-term.

Perhaps the only thing obvious thing that can keep them alive is the sale of Kitson House, but there is little tangible progress on this. So despite the Globe database having value, the state the company finds itself in means that there looks to be a material risk that this is a zero. This isn't the new CEO's fault. He has stepped in to try to save the company by slashing costs & returning to the O&G core business, but it may be too little, too late.

The other glimmer of hope is that the improvement in small cap sentiment in the past couple of weeks means they can get a placing away. If they raise a couple of £m, then it may see them through to cash break-even. This is likely to double the share count, but it is still far better than other options.

dangersimpson2
20/12/2023
09:05
You are the one who has to stop ramping this and supporting daydreamers.
Still, you have been averaging down and inciting others to do the same

book5
20/12/2023
08:58
Give it a rest
32campomar
20/12/2023
08:51
Any technological company with IP announces it to the market. However, GTC has not claimed via RNS that they have a valuable IP.

On the mineral resource front, they have nothing “special”;. A worldwide database taken from publicly available information is worthless.

Still, you are failing to describe what IP they have.

From the Companies House description, they are researching and experimenting:

72190 - Other research and experimental development on natural sciences and engineering

book5
19/12/2023
21:39
Book5

Are you incapable of understanding that GTC don’t have to have a patent in order to have IP which has value ?

A patent is a form of IP.
IP does not necessarily mean a patent.

This is O-level maths. Sets, subsets, intersecting circles representing them to show which ones overlap, which ones are separate, which ones are inside another one. The pictorial representations so that youngsters understand.

I’ll try again: GTC can have something to offer (IP) that is not a patent.

It seems GTC are very unlikely to have something patentable - as I already explained. But they may well have IP.

You think they have nothing because they would have patented it.

No they wouldn’t, if it wasn’t a patentable invention. But that doesn’t mean they have nothing, which is what you claim.

Are you posting just to waste my tine or do you enjoy looking daft ?

Patents are a subset of IP. Not having a patent doesn’t mean they lack IP.

You may believe they have nothing, but not patenting anything is not evidence that they have nothing.

If you think it is evidence that they have nothing, then you are simply wrong in that assumption. It is an illogical conclusion resulting from an error in your thinking.

yump
19/12/2023
15:03
Once again the UK being left behind https://www.hydrogeninsight.com/policy/nearly-9bn-france-unveils-plan-for-6-5gw-of-low-carbon-electrolytic-hydrogen-by-2030-in-draft-update-of-national-h2-strategy/2-1-1573875But a change of government next year will make a big difference and I expect hydrogen and hence GTC's projects to come back from the dead.
32campomar
17/12/2023
20:52
Yump
U said to me
“You’ve made an assumption that GTC have nothing special to offer.”
Then you said:
“The chances of GTC patenting anything is imo zero.”

My point was that GTc has nothing special to offer because it does not have a patent
It seems you agree with me.

You contradict yourself. It would help if you were honest with yourself. You should explain what GTC has to offer that is “special.̶1;

U divert the discussion by making personal attacks

I said before this would go to 5p, and I was right
This will reach to 3.5p during 2024

book5
Chat Pages: 192  191  190  189  188  187  186  185  184  183  182  181  Older

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