Getech Share Discussion Threads

[cockerhoop] 09/2/2015 14:35

Decent chance of one in the coming days, there was in Feb 2011(inline),Jan 2013 (ahead), Feb 2014(profit warning). No 1st half update in 2012 though.

Ticking up though.........

[rcturner2] 09/2/2015 14:05

I assume there is a trading update coming soon, lets hope for good news.

[yump] 09/2/2015 13:57

Judging by how difficult it was to get any last week, it could just be stock-shortage + some bottom fishing.

[gostevie63] 06/2/2015 15:46

Up over 8% today for no apparent reason. No idea why but certainly not complaining.

[yump] 06/2/2015 15:28

I've been trying to buy a few online and no joy - have to go through dealer.

[rcturner2] 06/2/2015 12:40

Interesting rise on minuscule volume, I assume a trading statement is on its way?

[big7ime] 22/1/2015 15:11

Can you post link again gn please replace the hxxp with capitals HTTP as cant pick that up, cheers

[pugugly] 17/1/2015 10:50

gn:_ Looks as though he has been reading and following my posts - What an honour !!!

[greasynut] 16/1/2015 09:52

Maynard Paton posted a write-up recently:

hxxp://maynardpaton.com/2015/01/13/getech-why-im-down-44-and-what-im-doing-now/

[pugugly] 12/1/2015 16:46

Really getting clobbered today down 7% to 32/33 - However seems to be standing up better than many oil service coys but if it follows the bulk of them still could have further to fall -

Does not look like much - if any - buying support -

[pugugly] 17/12/2014 15:05

Continuing to fall - Oil coys cutting exploration activities in a big way -

OK should survive as cash positive BUT needs to cover some £5.5 million of cost of sales (£2M approx) and the big cash burner Administration £3.5 million)

Some revenue in the bag but without knowing the allocation by year could be a possiblity (imo) that might struggle to break even this year -

Accounts were very cautious about business going forward (imo & reading between the lines)

Agreed well run as pointed out by RCT but they are a minnow in a global hurricane.

[rcturner2] 15/12/2014 12:45

Shanklin, I am happy to accumulate here. I think it is possible to take a reasonably long term view of things. Profits are being made, dividends paid, cash in the bank etc. I have confidence in the management, there are insider buys etc.

[shanklin] 15/12/2014 12:01

RCT2, Why buy GTC now please?

I would rather pay more on very good news albeit I don't expect any good news.

[troutisbackin] 15/12/2014 11:51

Good for you! ;)

You're braver than me

[rcturner2] 15/12/2014 11:25

I have picked up another 25k at 39p today.

[yump] 03/12/2014 17:36

That would explain why they are doing quite well at a point when you wouldn't expect them to. Perhaps they were mentioning some negatives as a bit of 'insurance'.

Am I imagining this or was there something in the chancellor's autumn statement about tax credits for exploration ? Not that it would affect GTC much I guess.

[rcturner2] 03/12/2014 04:21

Yump yes it does but of course it will hit different companies in different ways. Getech is quite a small company and so how they perform is much more about them than about the sector.

[big7ime] 02/12/2014 23:32

The share price is holding up well considering

[yump] 02/12/2014 22:17

Does oil exploration expenditure actually dip when the oil price drops ?

Or more importantly, will Getech's services in improving existing exploration have increasing significant.

I should say I'm seeing it as a someone without a deep knowledge of the industry, so could be talking total rubbish.

Its just that their report on good recent demand seems at odds with their services being hit by reduced exploration spend.

[rcturner2] 02/12/2014 19:49

The Middle East does not break even at 20 that is nonsense, most need oil around 100 to service their government spending.

[troutisbackin] 02/12/2014 18:01

Shale oil is expensive and the wells don't last as long - an ave 12mths.


The Middle East producers break even at $20 so can run the US shale industry out of business, go and do some research

This low oil price is going to affect the oil services industry. Money will flow out once it is realised this is not a blip.

Some feel oil is heading down much further over the next 12mths the world seems awash with oil. Not good.

[big7ime] 28/11/2014 09:41

Oil price and oil co stocks crashing. It's got to have a knock on effect here. In bad times (low oil price) the oil cos tend to sit back and don't spend so trout and Yump have a point.

[cockerhoop] 28/11/2014 09:18

And of decent size too........£44,000.

No scientific data to back it up but almost prefer purchases in wife's (or daughters) name as directors probably subsciously out to impress with decision making.

[rcturner2] 28/11/2014 08:32

More director buying.

[bookbroker] 27/11/2014 10:43

Shows what you know Trout Pout, the shale cos. will weather this storm, they have already made the investment, and it's only the few weaker ones who need a high oil price, Devon Energy and co. still make money at $60 or less!