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GTC Getech Group Plc

2.65
-0.20 (-7.02%)
Last Updated: 12:33:53
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
  -0.20 -7.02% 2.65 2.60 2.70 2.85 2.65 2.85 30,000 12:33:53
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 5.07M -2.83M -0.0419 -0.63 1.92M
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 2.85p. Over the last year, Getech shares have traded in a share price range of 2.60p to 11.625p.

Getech currently has 67,474,375 shares in issue. The market capitalisation of Getech is £1.92 million. Getech has a price to earnings ratio (PE ratio) of -0.63.

Getech Share Discussion Threads

Showing 4801 to 4824 of 4850 messages
Chat Pages: 194  193  192  191  190  189  188  187  186  185  184  183  Older
DateSubjectAuthorDiscuss
25/6/2024
16:59
Why should it be imminent?
They have cash and a property they can mortgage or sell

book5
25/6/2024
16:33
Not a bad point, if they have enough cash if / when they sell the property maybe there will be a relief rally & a placing might not be imminent ?
32campomar
25/6/2024
15:45
32cam
Directors don't own shares is a Good point
But share price will carry on going up for some weeks

PUG
I agree. Imho A 3 million offer is possible based on software subscriptions

Selling property will postpone issuing new shares for at least six months

A buy for me, 5p near objective

book5
25/6/2024
14:06
Apparently Richard Bennett claims In this morning's investor meeting the current share price is crazily cheap The only way I would consider buying back in would be if the CEO Richard Bennett & his chairman bought shares. If the share price is 'currently crazily cheap' what's stopping them ? We are not in a closed period anymore. Richard Bennett earns £250K. There's no excuse - unless of course deep down he knows full well there is going to be a damaging placing - despite him saying it's a last resort.
32campomar
25/6/2024
11:14
Any other snippets ?
32campomar
25/6/2024
11:13
That's just bonkers and so naive. They clearly just don't understand how AIM works do they ?
32campomar
25/6/2024
10:58
Interesting presentation particularly Richard's response to the very last question, he said that the Directors and management have been putting money into a pot for WHEN the placing occurs!!
rocha16
25/6/2024
10:07
Unless low ball stake building for a takeover or take private - Significant cost savings with no brokers, no nomads, no listing fees.
pugugly
25/6/2024
09:34
Amazes me with the information openly available about a placing coming why people would buy in the knowledge the share price is likely to be cut in half
32campomar
25/6/2024
09:29
Bit of volume today, base in to bounce..?
chrisdgb
24/6/2024
11:28
He thought it through very carefully on one day then ?
yump
24/6/2024
11:26
book5 - Correct -
pugugly
24/6/2024
10:44
Again, I agree with 32campomar the shares wont rally because a fundraise is the only answer now.

Here's the problem; discounts are currently fierce, look across AIM, GTC will be lucky to get it away at a 50% discount. The share price is at 3p, which is an MCap of £2m; if they can raise at 1p (MCap of £700k)they will only be able to raise a small amount. This is the well known AIM death spiral.

I suspect Stuart Hawthorne thought this through very carefully

Mike

mikejoseph
24/6/2024
10:22
Hi PUGUGLY,

What is USP? Do you mean Unique Selling Proposition?

Nobody has any revolutionary technology. A paradigm change has yet to occur; the proof is that prospecting is very expensive, and commodities are costly.

Competing abroad for geotechnical services is very difficult because governments require the employment of local geologists.

This tiny company's natural market is the UK hydrogen prospecting and carbon capture geotechnical services, which, IMHO, should be our focus.

book5
24/6/2024
10:15
32c. Possibly the more important question is whether their USP is still superior to competitive offerings or has it been overtaken by competitors.
pugugly
24/6/2024
10:12
Until the placing is completed, who is going to touch these in the knowledge that the price will be much lower ? I will look to buy back once the placing is announced. Although my confidence in management is a problem for me after this. It's a complete mess of their own making.
32campomar
24/6/2024
10:04
It's reasonable to assume that the placing news was not something he either anticipated or agreed with.
32campomar
24/6/2024
09:51
So who would have taken the shares ?

I assume Hawthorne is not an idiot, so how come he didn’t sell in tranches previously ? Or can’t he read previous accounts and anticipate cash requirements.

Just because nobody mentioned a likely placing on here, doesn’t mean it wasn’t likely.

yump
24/6/2024
08:59
“Cash resources have been depleted by the above commercial factors so we are keeping a tight rein on discretionary expenditures and budgets generally and pursuing a sale of Nicholson House. Working capital remains lower than in the past and the Board naturally views rebuilding it as a priority in 2024. Alongside the sale of Nicolson House, the Board is exploring other options to enhance our working capital. A restoration of cash resources would facilitate further investment into sales and business development, as well as advance our AI and Machine Learning enhancements to make our products more relevant to our key markets, and in particular critical minerals and natural hydrogen.

There are signs in 2024 that customers are returning to investing in exploration activities. Unaudited revenues in the first 4 months of 2024 were ahead of the same period last year, and we continue to see good upside potential in our principal markets.”

book5
24/6/2024
07:55
Going back to the results, who on earth advised them to openly say they were basically going to do a placing ?It's suicide in this market.But the damage is done now, everyone knows they have no money so it will be at a minimum 50% discount if not worse.
32campomar
24/6/2024
07:55
bones698> If they knew then could they attract attract similar investigation to those "insiders" who stupidly placed bets on the date of the election.
pugugly
24/6/2024
07:52
Clearly he wouldn't want his holding massively diluted.
32campomar
24/6/2024
07:49
Because there is a placing coming likely at 1p so not strange they have got rid now. Compare many others who have had to tirade money recently, Polx, sce, Gdr etc and all have got hammered on the piece. This will be no different I expect 1-1.5p and why they have sold the lot in a hurry
bones698
24/6/2024
07:34
Seems odd to have sold it suddenly.
yump
Chat Pages: 194  193  192  191  190  189  188  187  186  185  184  183  Older

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