Getech Share Discussion Threads

[32campomar] 27/6/2024 19:00

Or maybe they could buy some shares in the open market and demonstrate their confidence? I mean, if they don't see a reason, why should we ? I won't hold my breath

[playful] 27/6/2024 16:28

If the directors are confident hold a staff & investor town hall type meeting at kitson and waive 80% of their salaries for a year, who knows we might all come back but without the entrepreneurs mentality it's not going anywhere.

[32campomar] 27/6/2024 12:48

They slightly let the cat out of the bag at the end though - when they said the BOD were already putting money on one side to participate in the event of a placing.That sounded to me like there was going to be a placing. Unless it was a slip of the tongue !

[book5] 27/6/2024 12:45

YouTube Presentation is good
Thanks

[32campomar] 27/6/2024 08:38

As predicted by several on here, whether the company make it or not, the vacuum over the coming weeks (placing or no placing) means the death spiral to lower levels is a real possibility.

[zoolook] 27/6/2024 08:09

Very sad that a Yorkshire company has gone this way and sensible posters have got burned.

[playful] 27/6/2024 08:06

They can't sell the property on a sale and rent back to a tenant like gtc so that's dead in the water.

The only option that guarantees a fair return for shareholders is voluntary liquidation before they double the shares in circulation.

The sale of the assets should return shareholders circa 3p.

[book5] 27/6/2024 07:56

I am sorry for my recent bullish comments when the share became oversold. The Market disagreed with me. Hopefully, nobody bought shares following them.
I am glad a new investor has shown support and bought some shares.
Gla

[playful] 27/6/2024 07:35

Voluntary liquidation is probably the best option for shareholders now but the bod will be out of a job so they wouldn't suggest such things.

[32campomar] 27/6/2024 06:14

These are GTC's new shareholders https://constancepam.com/who-we-are/Very interesting to say the least

[32campomar] 26/6/2024 21:03

Investor presentation link from yesterday here so you can make an informed decision yourself on GTC https://youtu.be/GJQxzfXE7oA?si=xCPH2S8hvZPgDboh

[bones698] 26/6/2024 15:44

Some very deluded people here. The cash position is 0.4m they need to raise cash and in these markets expect it to be hammered and why I said 1p very likely. Anyone buying now will be sat on big losses for a long time. Watch and learn

[playful] 26/6/2024 14:42

Fast forward 6 months and TODAY…

Zero + Bridging loan on property circa 1% pm on what is probably 500K

No data sales in a whole year that merit an RNS

Heavily discounted prepayment incentives going out to subscription subscribers

2023 bod remuneration over 800K despite the share price in freefall *Almost 50% of MKT CAP*

Bridging loan being used to pay the director salaries?

Director skin in the game? ….tumbleweed rolling

Max Brouwers being flown around Europe on silly money and not producing a sausage in revenue.

MKT Cap ???

[book5] 26/6/2024 09:16

400K + 750k (property) = 1150K
+ recurrent revenue
Debt= 0
= market cap less of 2000k few days ago?

still market cap 2.2 million?

[32campomar] 26/6/2024 08:43

You are probably right, huge sell and capitulation drove the price too low. It would seem the overhang is now clear.

[chrisdgb] 26/6/2024 08:30

We know the recent low was due to a significant forced seller creating an artificially low price. I do not believe that price and take a 50% discount should be used to come up with the raise price. Given where the price had been trading I think 4-5p price range would be an acceptable level for all parties......

[32campomar] 26/6/2024 06:45

New private shareholder on the register with 3.3%

[pugugly] 26/6/2024 06:16

constancepam.com

Who We Are – CONSTANCE
WEBConstance has developed particular expertise in UK smaller capitalisation companies (<£100mn) quoted principally on the London Alternative Investment Market (AIM) and …

[book5] 25/6/2024 15:59

Why should it be imminent?
They have cash and a property they can mortgage or sell

[32campomar] 25/6/2024 15:33

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 ?

[book5] 25/6/2024 14:45

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

[32campomar] 25/6/2024 13:06

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 10:14

Any other snippets ?

[32campomar] 25/6/2024 10:13

That's just bonkers and so naive. They clearly just don't understand how AIM works do they ?

[rocha16] 25/6/2024 09:58

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!!