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GTC Getech Group Plc

2.93
-0.32 (-9.85%)
24 Jun 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
  -0.32 -9.85% 2.93 2.86 3.00 3.25 2.85 3.25 1,890,546 16:23:34
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 5.07M -2.83M -0.0419 -0.70 1.98M
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 3.25p. Over the last year, Getech shares have traded in a share price range of 2.60p to 13.125p.

Getech currently has 67,474,375 shares in issue. The market capitalisation of Getech is £1.98 million. Getech has a price to earnings ratio (PE ratio) of -0.70.

Getech Share Discussion Threads

Showing 4751 to 4774 of 4825 messages
Chat Pages: 193  192  191  190  189  188  187  186  185  184  183  182  Older
DateSubjectAuthorDiscuss
16/4/2024
08:04
It's a shame the shares responded in that way, because Richard Bennett has really turned this round since the turn of the year with new customers , increased revenue and with the cost cutting we are now in profit.
32campomar
15/4/2024
20:05
Clearly the contract revenue over 3 years has left someone unimpressed !
yump
15/4/2024
07:43
Really liking the 5% equity interest model - could prove to be very lucrative - as well as the revenue element
32campomar
15/4/2024
07:27
Richard is doing a great job here.
playful
15/4/2024
07:11
What a great start to the year, Going from strength to strength !!15 April 2024Getech Group plc("Getech" or the "Company")Announcement of Joint Natural Hydrogen Exploration Agreementand Two Further Natural Hydrogen Exploration Contracts Getech, a world-leading locator of subsurface resources, is pleased to announce three separate contract wins related to the exploration of natural hydrogen (also known as 'geologic' or 'white' hydrogen). The first is a strategic joint venture exploration agreement with a new customer partner, while two additional contracts have been secured with existing exploration clients.All three contracts are aimed at locating natural hydrogen resources for commercial development and demonstrate that the Company is at the forefront of this exciting new subsurface energy transition opportunity. Combined, the three transactions are expected to generate £390k of revenue over 3 years, with additional potential upside.The joint exploration agreement is with a major European headquartered global industrial and energy company and aims to locate and develop economic natural hydrogen accumulations. In addition to earning fees for its exploration services, under the terms of the contract agreement, Getech will also earn 5% equity interest in any licenses obtained within a designated area and will be 'carried' through the exploration phase, including field sampling, exploration drilling and well-testing.Over the course of the multi-year programme, Getech will apply its proprietary and industry-leading natural hydrogen location solution. This begins with understanding and modelling the geologic conditions known to produce natural hydrogen. Getech is uniquely placed to do this using its exclusive global geological and geophysical dataset which it has compiled over 30 years and used successfully for decades in other natural resource sectors. Getech will then deploy proprietary machine learning algorithms to find 'digital signature' matches in its data to predict the location of new natural hydrogen accumulations. Once natural hydrogen source rocks have been identified, Getech will use extensive experience gained from the oil and gas industry to predict the migration and trapping of hydrogen through the earth to identify subsurface reservoirs where hydrogen may have accumulated. This will be followed by verifying or 'ground truthing' these results in the field. The new customer partner will then take the lead in subsequent exploration drilling and development activities.The two additional contracts are with existing exploration clients to screen for natural hydrogen and hydrogen storage projects in Eastern Europe and the USA. The projects will again use Getech's Globe geoscience platform, geophysical data and AI technology to locate areas with the geologic conditions to produce natural hydrogen.Richard Bennett, CEO of Getech, commented:"These transactions build on a good start to the current financial year and of course, further expand our expertise in helping our customers seek out natural hydrogen. We are also delighted to have signed another equity joint venture agreement with a leading energy company, supporting its search for this new but potentially game changing resource and sharing in the upside, if we are successful."
32campomar
04/4/2024
15:25
Thanks, seems to be plenty going on.......!
chrisdgb
03/4/2024
12:52
Great write up thanks Martin I Like this bit 'they are now receiving substantial interest in the using of their tech for the exploration of white hydrogen'Very cheap
32campomar
03/4/2024
12:23
Write up for interest, following my catch up with Richard Bennett.https://martinflitton1.wixsite.com/privatepunter/post/getech-could-prove-well-placed-for-growth-03-04-24
hastings
03/4/2024
09:24
Our collaboration could prove to be very valuable!
32campomar
03/4/2024
09:15
Great to see East Star Resources doing well today.
playful
02/4/2024
08:53
That is our market
book5
31/3/2024
16:29
Excellent article
32campomar
31/3/2024
14:49
We are featured in today's telegraph...

Getech, a London-listed tech company, is collating data from across Britain and has pinpointed potential hydrogen-bearing rocks in parts of the British Isles too.

The deposits lie in a belt across Scotland stretching roughly from Greenock in the west to Aberdeen on the north east coast. There are others on Shetland, the Lizard peninsula in Cornwall and near Omagh in Northern Ireland.

Chris Jepps, chief operating officer of Getech, said: “This is an embryonic industry right now. So it’s too early to say much but it’s also very exciting. There’s some evidence it could be as big a market as oil and gas.”

playful
27/3/2024
09:23
A global gold rush for buried hydrogen is underway — as hype builds over its clean energy potential
playful
26/3/2024
08:03
Another partnership, this time with American stock exchange listed Exprohttps://getech.com/news/getech-and-expro-partner-to-advance-sustainable-energy-solutions/
32campomar
21/3/2024
10:31
It has been a while and apologies in order, but I try and prioritise calls and comments/thoughts within the time limits. Hopefully GTC has turned an important corner at last and I'll attempt to be more proactive!
hastings
21/3/2024
09:58
Nice to hear from you & that you still have an interest here, it's been a while !
32campomar
21/3/2024
09:50
Thanks Martin, I look forward to reading this.
playful
21/3/2024
09:46
Good to see some momentum and focus on the historic/core business, which is what attracted me in the first instance.Pleased to say, I'm currently engaging with Richard Bennet for a catch up that will hopefully happen tomorrow.I'll add a write up on the back of that for interest.
hastings
21/3/2024
08:40
1.9 million net cash is really good news. Last year it looked like they may have to raise cash, but that looks unnecessary now .With AI progress, if this was listed on Wall Street as a technology stock (which is what it should be rather than in the oil and gas sector) then its valuation would be much higher. It's a shame the UK stock market is so depressed at the moment but at some point investors will realise just what we have here.Richard Bennett should go on a charm offensive in America!
32campomar
21/3/2024
07:51
Broker note…

We have introduced 2024E, 2025E and 2026E forecasts. Following a muted 2023E, we expect 2024E revenue to increase significantly to c£5.5m (2023: £4.0m). Whilst a material c37% YoY increase, our 2024E revenue forecast is only c9% higher than 2022A. We expect this increase will be driven by the recognition of the Company’s £4.5m orderbook into revenue and new contract wins. Getech has already made a strong start to 2024, having announced three new annual software subscriptions and the renewal of eight annual licences for Globe and software licences. Revenues for the first two months of 2024 are c40% ahead of 2023, with annual recurring revenue increasing to £2.9m (YE22: £2.4m). We model Getech being cash flow positive from operations in 2024E and increase our target price to 15.0p (from 13.2p), a 2024E EV/Sales and EV/EBITDA multiple of 1.5x and 10.2x, respectively.

playful
21/3/2024
07:16
RNS Number : 6850HGETECH Group plc21 March 2024 21 March 2024Getech Group plc("Getech" or the "Company")Trading and Technology Update Getech (AIM: GTC), a world-leading locator of subsurface resources, is pleased to provide an update on current trading and development of the Group's AI and ML led technology.Trading HighlightsGetech has made a strong start to 2024, with revenues for the first two months c. 40% ahead of the same period in 2023.In 2024 to date, Getech has secured contract wins totalling £0.9m, including three new annual software subscription customers as well as the renewal of eight annual licenses for the Globe geoscience platform and software products. As a result, annual recurring revenue has increased to £2.9m (31 December 2022: £2.4m; 31 December 2023: £2.8m) and, with the addition of new contracts, Getech's order book value has been maintained at £4.5m (31 December 2023: £4.6m; 31 December 2022: £4.6m).The sale of the Kitson House part of Getech's office completed for £0.65m, as announced in January 2024. The Company has retained freehold ownership of Nicholson House, which was independently valued in December 2023 at £0.86m. Both buildings are located at the same site in Roundhay, Leeds.Getech has previously identified the opportunity to reduce annual costs by £2m, as announced in 2023. The full benefit of these cost reductions is expected in 2024, assisting Getech in realising positive EBITDA and cashflow. The Company's focus on cost reduction continues, with further savings identified and expected to be realised through 2024.AI- and ML-led TechnologyGetech has evolved its subscription model for Globe by offering additional capabilities for further human and Machine Learning-based analysis of its data. This model is well suited to large exploration companies, while for junior exploration companies the Company introduced a hybrid equity participation model, as demonstrated by the recently announced partnership with East Star Resources. Artificial Intelligence (AI) and Machine Learning (ML) is accelerating the value of the Company's core asset and skills, namely its Globe geoscience platform and expert services. Getech has amassed a vast collection of global magnetic, gravity and other geoscience data that was universally deployed by the oil and gas industry over the last 3 decades and it is now applying advanced AI and ML to make this data useful to other subsurface industries including mining, geothermal and unconventional gas including natural hydrogen.By leaning on the collective knowledge base of its geological team, Getech is leveraging AI and ML to source details of known occurrences of mineral deposits and create a digital-genome to search through our global data sets. The objective is to model the "genetic systems" of known deposits, and using Getech's global datasets, search for these same geological conditions to identify new targets. Currently, the Company is verifying this approach with a small number of 'beta' clients with the expectation of making it more widely available to the market.Getech's approach is particularly applicable to the search for natural hydrogen, also known as "white" or "geologic" hydrogen. Natural hydrogen is believed to be an abundant resource and a potential game-changer for the energy transition. Getech is well placed to not only identify likely source locations but also, using its oil and gas expertise, identify conditions where natural hydrogen is likely to become trapped in reservoirs with economic potential. Getech is already commercially engaged to screen for natural hydrogen and expects to launch an enhanced AI-driven natural hydrogen search capability in the coming months.Richard Bennett, CEO, comments "Getech has had a good start to 2024 and I am pleased by the improved financial position of the Company. Importantly, prospects for the business continue to build as we retain our long-term clients, as well as attract new brands to our growing subscription base. Alongside this, the capabilities of our Globe geoscience platform are being significantly enhanced with the application of AI and ML. So much so, that it is arguably a different system from that of 12 months ago - our job now is to demonstrate this to our markets."
32campomar
21/3/2024
07:13
What a marvellous update !New contracts of nearly 1 million Cash flow positive for this year on track And the bit that could really transform the companies valuation, advances in AI Excellent start to the year !
32campomar
18/3/2024
17:01
A new gold rush | There are now 40 companies searching for natural hydrogen deposits — up from ten in 2020
playful
Chat Pages: 193  192  191  190  189  188  187  186  185  184  183  182  Older

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