Getech Share Discussion Threads

[rivaldo] 07/2/2024 11:23

Interesting post from GTC's LinkedIn a few days ago:



"Lamborghini detailed the extension of its decarbonisation strategy on Tuesday, making the electrification of its lineup the most significant investment in the history of the company.

We are using our Globe earth model to identify sedimentary lithium deposits, crucial for the burgeoning electromobility sector. Discover how our cutting-edge methodology is shaping the future of sustainable lithium mining:

hashtag#GTC hashtag#Lithium hashtag#CriticalMinerals hashtag#BatteryMetals hashtag#Geoscience hashtag#Exploration hashtag#EnergyT"

[rivaldo] 07/2/2024 10:31

Yes, my point is that the option holders have to pay 8p rather than the nil cost option often seen - obviously the share price then has to reach 24p before vesting. Which would be nice.

[32campomar] 07/2/2024 10:05

Actually they can't be exercised until 24p. Treble current levels. That's to be applauded, it could have been set at a much lower level or even at 8p. A very positive step.

[rivaldo] 07/2/2024 09:56

Indeed - a 24p share price would be rather pleasant.

In addition, (1) the new options are exerciseable at 8p and not nil cost, and (2) almost all pre-existing share options have been cancelled.

Hopefully these are all signs that the new team mean business and are at least trying to recover investor confidence.

[wooster4] 07/2/2024 07:24

Nice to see an option which may only be exercised if share price increases by 200% - shows confidence

[playful] 30/1/2024 20:44

Updated Corporate Statement...

"Historically, Getech generated 90+% of income from the oil & gas sector, whereas this proportion now stands at 66% as new demand for our services across a much broader corporate landscape increases. This demand for our services is being driven by the energy transition to clean energy, as companies need to locate new materials and find new sources of energy. They also need our data to know where to look for them underground.

According to a non-profit net zero tracker, 91% of the global economy is now covered by net zero pledges by corporates. Government commitments globally have further boosted the market led by the US Inflation Reduction Act and EU Green Deal Industrial Plan, reinforcing the ever-growing demand for subsurface expertise.

There is no line of business that will remain unaffected by climate or energy challenges and Getech is well-positioned to assist, providing its expertise. Getech’s competitive edge comes from spending the last 30 years meticulously collecting data, refining analytics, testing hypotheses and building relationships. We use AI and machine learning in our work, but our core strengths lie in our unique data and exceptional team with the knowledge and vision to use that data to address specific energy challenges.” – Richard Bennett, Executive Chairman

[workingfromhome] 29/1/2024 20:07

AIM is notoriously leaky. News due?Or just a technical rebound from a hugely oversold position ? Either way it's most welcome.

[book5] 29/1/2024 13:06

Good recovery

[32campomar] 29/1/2024 12:23

Whatever it is, the chart is transformed.

[chrisdgb] 29/1/2024 12:11

What's happening...?

[bookbroker] 22/1/2024 10:02

Think the book value was about £2m., has been up for sale for nearly five year, poor price, looked at the place three months back, there is not a lot one can do there. Nicholson House is a contemporary building attached to the Grade 2 listed bit, and out front you just look on to sloping waste ground down to the woods on the edge of Roundhay Park. There is a residential estate above the property, but development potential poor, hence the low ball price.

[tbrian318] 22/1/2024 09:21

given how long it has been up for sale, it's probably market price. TBH I'm more concerned that they didn't manage to sell the whole thing

[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.