Getech Share Discussion Threads

[32campomar] 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.

[pugugly] 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.

[32campomar] 24/6/2024 07:52

Clearly he wouldn't want his holding massively diluted.

[bones698] 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

[yump] 24/6/2024 07:34

Seems odd to have sold it suddenly.

[32campomar] 24/6/2024 07:33

Funding at what price ?The CEO has completely miss handled things and damaged investor confidence. They are backed into a corner.

[babbler] 24/6/2024 07:26

At a huge loss too. But it's dragged the price down. Problem with being a big holder in small caps is selling will kill the price.Now get the funding sorted and start the proper recovery.

[32campomar] 24/6/2024 07:14

Stuart Hawthorne has sold his entire holding, 16% of the company That's a devastating vote of no confidence in the company.

[yump] 22/6/2024 14:36

The rapid decrease in exploration budgets and no prospect of it recovering was from memory actually the main reason for GTC’s problems. That I think prompted them into the daft H2 Green farce, when they should actuslly done what they are doing now and looked for other markets.

Paton got his timing appallingly wrong for that acquisition, as exploration was tailing off.

I hoped that they might now have some astute folk in charge but it appears not. Working capital isn’t a recent problem and it should have been dealt with earlier. Absolutely naieve BOD.

[bookbroker] 21/6/2024 11:53

Stuart Paton single-handedly ruined this company, he oversaw the disastrous foray in other markets back around 2015 when the company was doing well with its globe platform, then introduced Copus to those bandits at H2Green. Derek Fairhead spun this out of Leeds University a good while back, he would be very disappointed where it has been taken.

[zen12] 21/6/2024 10:39

Isn't that why they will be selling Nicholson House?

[the codger] 21/6/2024 10:28

Well oversold,expect a healthy bounce

[mikejoseph] 21/6/2024 10:24

I totally agree with 32campomar:

"If they needed to raise they should have just done it months ago when they knew they might have to. Instead after the statement the whole world now know they have no money & will be seeking a placing. Which will no doubt be at a steep discount to where we are now!"

The problem here is that their nomad/broker will be able to raise more money at a lower share price and get more commission because they are incentivised by the size of the raise and not the share price...

Currently fundraising discounts are fierce.

We will also see the inevitable issuing of new options and repricing of the old options.

Mike

[book5] 21/6/2024 10:22

On the positive side, it is good the company is not hiding the facts.
It is time to call clients, beg for new contracts, and reduce unprofitable headcount to avoid raising new cash.
Pray if you know how.

[bookbroker] 21/6/2024 10:10

Problem is it took five years to sell part of that asset, and if you go up there to see what is remaining it is not exactly an ideal spot except for a bit of birdwatching on the edge of Roundhay Park. As for having money they are barely cash flow positive, that will soon be gone.

[zen12] 21/6/2024 10:05

They do have money and asset for sale....stop deramping lolCash at bank £0.4 million (2022: £4.3 million)· Kitson House sold for £0.65 million in January 2024, Nicholson House remains an asset for sale valued at £0.85 million

[bookbroker] 21/6/2024 09:47

H2Green was an unmitigated disaster, Copus duped into the hydrogen energy being the golden egg. The two bandits who set that company laughing at every shareholder in this company. This will go under without a shadow of doubt, no money, no scale, and a high cost base!

[big7ime] 21/6/2024 09:19

Nobody should be surprised that they have no money!

[32campomar] 21/6/2024 09:12

What a shi* show If they needed to raise they should have just done it months ago when they knew they might have toInstead after the statement the whole world now know they have no money & will be seeking a placing. Which will no doubt be at a steep discount to where we are now !

[pugugly] 21/6/2024 08:40

Market cap down to £3M -Would be financially useful to take private but might well then drop off potential clients radar. Hummmmmmmmmmm.

[book5] 20/6/2024 10:54

New debt would be acceptable if the business were profitable.

The problem is that the market needs to believe CGH has a worthy technology.

Wall Street and the City are full of cash and looking for where to invest.

Directors' presentations are poor.

[weyweyumfozo] 17/5/2024 09:09

Breaking out - hopefully it will be confirmed.

[hastings] 16/5/2024 14:01

The 200k buy is very interesting!

[book5] 16/5/2024 12:40

Looking good