Getech Share Discussion Threads

[rcturner2] 27/11/2014 09:47

bookbroker, if you go back to the oil price crisis of the 70s, OPEC nearly brought down the western capitalist countries, so I don't think the yanks have a monopoly on the oil price. At the moment it appears that the US and Saudi interests seem to coincide as regards Russia and Iran so the US and the Saudis both want they oil price down to screw Russia and Iran. It can all change in an instant though. The low oil price will boost demand around the world and commodities will come back in due course.

[bookbroker] 27/11/2014 09:39

RC2, it's getting kinda boring looking at the oil price falling, so I just gotta do some yank bashing, they seem to be able to control the pace of everything to serve their needs first and foremost, mind you they desperately want to keep China and Russia on the back foot, but I do a good deal of reading, hardly call it research as it doesn't seem to have benefitted me much, nonetheless there is this belief that the oil price in particular is controlled by the Pentagon via Wall Street, I say tongue in cheek, after all think July 2008 just before the crash and oil at $140 a barrel, very bizarre, and now we have overcapacity by about 1 Mln barrels a day, yet the price off nearly $35, the overproduction hardly worth mentioning, off course it's forward looking and China slowing, Shale production still climbing, so the imbalance might widen further. US thinks low prices great as good for economy, so why all this rush to create electric motors,etc, in the past the US been the least obliging over green house gas emissions as they might have to change their ways, business lobby just a bit powerful in Washington. I see the US becoming more and more paranoid about protectionism down the road, You only got to look at how Apple is able to indoctrinate us all to become loyalists, this co. will eventually apply to the UN. to ask for state recognition, the size and influence it is able to assert!

[rcturner2] 27/11/2014 09:23

All views are welcome.

[troutisbackin] 27/11/2014 09:09

Of course the oil price is a huge factor here.

[bookbroker] 26/11/2014 15:29

This is another co. that in the past has been run well, they too have cash, and hopefully some revenue from the Angola contract, I just fail to see how OPEC cannot act to reduce production and take a hit, otherwise you are going to see insurrection in some of the smaller producing countries, what are the US doing in the Middle East if they are not concerned about the oil price, and oil in general falling into the wrong hands!

[rcturner2] 26/11/2014 15:15

The general state of oil services is weighing down here, I suspect.

[bookbroker] 25/11/2014 08:21

The Angola contract will support this co. to some extent, there are likely to be more sales of their products to support their Globe programme, business might be lean, but is the global economy recovering or not, if it is then these cos. and oil producing countries will need to exploit their reserves, otherwise WE'RE ALL DOOMED!

[troutisbackin] 24/11/2014 16:15

I'm surprised the price has held today considering the fallout from Petrofac. The Oil Services industry is having a rough time until oil price recovers

[rcturner2] 04/11/2014 07:54

I'm happy with those two statements. New orders, reasonable numbers in the end last year and pretty bullish for the current year. Dividend raised again.

[shanklin] 31/10/2014 07:51

He has a phone.

[bookbroker] 31/10/2014 07:20

These results are well late, someone feel like calling the co., live outside Leeds, if I was going near Roundhay I would drop round and ask for an explanation!

[bookbroker] 27/10/2014 12:52

I'm assuming this week, last year they presented them on the 22.10!

[rcturner2] 27/10/2014 09:27

Final results must be imminent, does anyone know the date?

[rcturner2] 13/10/2014 14:43

The general market for shares is a bit of stinker at the moment, what with Russia/Ukaraine, ISIS and Ebola putting a damper on things.

The fall in oil prices is unlikely to have an immediate impact on Getech.

Although difficult, is best to take a longer term view of your holdings and only review them based upon the facts in company announcements.

[bookbroker] 13/10/2014 13:13

Thing is RC., I topped up following the last announcement, having said that the oil price has moved far more rapidly than I expected, I admit that the timeframes are not a priority, but I would prefer a cushion of security, I'm underwater quite a bit on other holdings. I was hoping that momentum would be maintained here from its significant declines earlier this year, maybe I am questioning the validity of my purchases at the current time, and the announcement of contracts in the last few months did signify improving conditions in GTC end markets, uncertainty has crept in again!

[rcturner2] 13/10/2014 12:32

bookbroker, if you bought in August then your investment is less than 3 months old. That is far too short a time frame to "rue the decision", otherwise you are ignoring simple maths about standard deviation. The chance that any investment is down after 3 months (given volatility and standard deviation) is actually quite high.

[bookbroker] 13/10/2014 11:51

Still falling, not happy about the sellers here, mkt cap. now looking derisory, I hope that the optimism expressed by management in August still apparent in a weeks time, they can't help the oil price, but they can help themselves by ensuring costs kept to the bone, bought back in to these August, I'm beginning to rue that decision, is the fall in prices in the future going to defer a lot of projects down the line is the question one must ask oneself!

[bookbroker] 11/10/2014 17:23

Another aside, we've seen a big contract announced, off course not knowing the profit margin on this contract I'm not qualified to comment, however it does underpin this year's earnings somewhat, there may be some deferrals on Globe, but cos. still require the cos. products for better understanding their resources, the upcoming report will shed more light on the current year along with the R&D. credit situation!

[cockerhoop] 10/10/2014 11:05

......now available to buy at 46.24, wish i'd popped out earlier! #cryingbutbuying

[cockerhoop] 10/10/2014 10:20

......and as if by magic one appears which allows me to top-up with 10K at 47.5!