Getech Share Discussion Threads

[book5] 26/6/2024 10:16

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 09:43

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 09:30

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 07:45

New private shareholder on the register with 3.3%

[pugugly] 26/6/2024 07:16

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 16:59

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

[32campomar] 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 ?

[book5] 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

[32campomar] 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 ?

[rocha16] 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!!

[pugugly] 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.

[32campomar] 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

[chrisdgb] 25/6/2024 09:29

Bit of volume today, base in to bounce..?

[yump] 24/6/2024 11:28

He thought it through very carefully on one day then ?

[pugugly] 24/6/2024 11:26

book5 - Correct -

[mikejoseph] 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

[book5] 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.

[pugugly] 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.

[32campomar] 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.

[yump] 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.

[book5] 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.”