Getech Share Discussion Threads

[wylecoyote] 29/10/2013 13:23

How very interesting a nice diversification for me alongside ABDP(not a buyer yet, but hope to be.). It fits into a niche area, clearly growing and with good cash flow and appear to benefit from gearing. The only concern for me is that they may already have an acquisition in mind and they consider cash + shares offer(having a short term dilutive effect). Still it is on my short list.

[dragonsteeth] 29/10/2013 08:34

yep, a great set of results and very nice divi growth. It looks like they are still searching for something to spend the cash on re an acquisition.

[madmix] 29/10/2013 08:04

Well done to those who kept faith. Will be interesting to see the 2014 forecasts.

[mpclag] 29/10/2013 08:01

wow my divi has gone through the roof! Didn't expect quite such good numbers!

[shanklin] 29/10/2013 07:47

as4e,

There are certainly lots of positive statements about the likelihood of growth in different parts of the business albeit its difficult to get a sense of which parts of the business deliver the most in terms of revenue and profit.

Looks like I will have to hope for some large director sales to get a decent entry price.

Cheers, Martin

[valustar1] 29/10/2013 07:40

And excellent news on the dividend, last year final was 0.8p this year 1.6p!!

[allstar4eva] 29/10/2013 07:38

Yes that's a huge cash pile too and it just keeps growing! Not a holder currenly btw but wish i was!

[shanklin] 29/10/2013 07:23

Very impressive.

[bigbigdave] 29/10/2013 07:06

WOW!

Corking set of numbers :o)

[cliley454] 24/10/2013 08:58

Great news today and hopefully more to follow.

Off topic, take a look at GWMO, worth a look. I just posted some research on the bb.

[shanklin] 24/10/2013 08:05

Nice RNS. GLAH.

[multibagger] 24/10/2013 07:12

Another chunky sale of data....

GETECH Group plc

24 October 2013

GETECH Group plc

("Getech" or the "Company")

Substantial sale of data products

GETECH, the oil services business specialising in the provision of exploration data and geological exploration studies, announces a further sale from its global data library.

The Company is pleased to announce that it has signed a licence agreement for gravity and magnetic data products which will generate gross income of $864k. Delivery is scheduled to be within the next three months.

Getech's Chief Executive, Raymond Wolfson, commented, "Sales from our global data library continue to be a major part of our business. The gravity and magnetic datasets generate direct income for the Company. However, they are also the foundation for much of our value-added work and therefore underpin a large part of our other business."

[stewy_18] 21/10/2013 11:35

Patience bookbroker, We will get the results at the end of this month. A lot has been said about this company, but let's wait until the results are out. They should be pretty good, so let's see what the market does after that. Why do they need to aquire something? Their USP is their in-house technology and they seem to be making quite a good job of selling it. Not sure about the share buyback either. Special divi prehaps maybe a better option? Communication was never GTC's strong point but I hope we have a bit more clarity regarding their direction after the results.

[bookbroker] 21/10/2013 10:45

What's up with this poxy co., has growth ground to a halt, maybe they should think about making an acquisition, been talking about it for long enough, if they can't find one then they should start buying back their stock, they.ve got far too much cash for a co. this size!

[shanklin] 12/10/2013 08:19

mpclag

REFS is not free and it is timely.

The question is whether its accurate.

[mpclag] 12/10/2013 07:35

Relying of free broker forecasts only gives you erronous and out of date figures. Pay the money and get accurate timely forecasts!

[staverly] 11/10/2013 22:56

The recent share price fall possibly connected to this weeks Chevron's profit warning. Chevron (it is understood) is a major client. Thereby probably MM's adjusting their book rather than a stampede of selling DYOR.

[dragonsteeth] 11/10/2013 10:52

Interesting share price action of late, have events on this BB caused the share price to move down and up ? Who knows . DYOR was never so apt, I'm continuing to hold unchanged until my own criteria are no longer met.

[neg] 11/10/2013 10:47

Yes, sorry Shanklin & Scotchbroth, I was thinking it was a % change, but it is actually the amount. However, I agree with Scotchbroth I think this is an error and someone has inputed the wrong figures. Has anyone actually seen the recent note from WH Ireland?

[scotchbroth] 11/10/2013 10:41

In fact, Morningstar show FY2014 EPS 1 month change as -1.09p, 3 month change as -0.04p. It looks to me to be a re-instatement of the 2014 forecast from 3 months ago, at a time when FY2013 was upped substantially. IMO an error, so I bought yesterday & this morning.

[stewy_18] 11/10/2013 10:23

I guess a lot of people are creaming off their Royal mail profits and putting them into GTC ??

[shanklin] 11/10/2013 10:05

neg, You're wrong.

The number for y/e Jun-14 was increased to 5.75p when the number for y/e Jun-13 was increased to 5.23p. The 5.75p has subsequently been reduced to 4.66p

[neg] 11/10/2013 09:44

Agree timp230. Morningstar indeed show WH Ireland forecasts as 5.23 and 4.66 for next year. But when you look at the 1 month change in the forecasts, the year ended 6/13 has been not changed and for the year ended 6/14 they have gone down 1%. Looking at the 3 month change, 6/13 has gone up 1% and no change to next year. In other words next year's forecast has not been significantly changed from either 1 month ago or 3 months ago. Year ended 6/13 was increased in the summer due to the profit projections released by the company, but I suspect this next year at 4.66 is very cautious and awaiting an update from management when the finals come out.

[timp230] 11/10/2013 08:11

The Barclays forecasts quoted by PJ1 are, from memory, the ones that were around at the about time the interims were announced. Profit for the first half was £1.25m and EPS 3.5p, so, if those forecasts are to be believed, the second half has been lousy. However, I remember making a note at the time that no effort seemed to have been made to update the forecasts to reflect first half performance. I'm therefore inclined to take them with a pinch of salt.

[shanklin] 11/10/2013 07:00

REFS just compiles broker forecasts,it does not generate them itself. As of this morning, it is still only showing the WHI forecasts I quoted above.