Getech Share Discussion Threads

[soundbuy] 24/9/2019 07:24

A work in progress........

[soundbuy] 06/9/2019 16:43

Liquidity.............zzzzzzzzzz

[yump] 28/8/2019 10:16

Perhaps a forthcoming sale prompted this:

"Getech is exploring a range of organic and acquisitional opportunities to further enhance and extend its product and service offering."

Plus the increased cash position.

[playful] 27/8/2019 23:29

Could we have a sale?

This property has been removed by the agent. It may be sold or temporarily removed from the market

[hastings] 22/8/2019 10:21

Cash represents around 7p per share and with a continued expectation of meeting the full year expectations of £1m pre-tax profit and EPS of 3.2p the current rating is certainly cheap.There's also the Leeds property that will be sold at some point in the next year or two which will surely add another couple of million (cost £2.6m)Current market cap would also seem to leave it wide open to an opportunistic bid.Will be interesting to see if BGF or one of the others adds.

[yump] 22/8/2019 09:50

Given the way world affairs are going, I can't imagine the oil price being stable ever again, but I guess there will inevitably be intermittent spend on exploration, so GTC should get some of that every so often to bump the revenue. I suppose they can't predict that, so are taking a conservative view. Its been a bumpy road, but seems they've done a good job of moving to a wider addressable market.

[soundbuy] 22/8/2019 09:39

Agreed.......cash pile creeping up too representing a fair whack of mkt cap

[yump] 22/8/2019 09:31

Seems like its creeping slowly in the right direction. Looks like a year or so before there might be any profit growth, assuming they don't get any big 'one-offs' that might kick the gearing into effect with the lower cost base.

[hastings] 05/6/2019 07:38

BGF has upped to 13%.

[carlsagan1] 23/5/2019 15:34

Can anybody recommend brokers X-O(by jarvis) or iweb-sharedealing(by halifax)?

As ii have increased theres fees again(from £90 a year to now £120/£240), along with the bugs, its time I finally left them,,,

Both x-o and iweb have a simple flat trade fee of £5.95 per trade and have no monthly/yearly admin fees or inactivity fees

[battlebus2] 23/5/2019 12:46

The GHF effect 😂

[soundbuy] 23/5/2019 12:37

Overhang gone?

[pugugly] 23/5/2019 12:18

looks like a buy tip somewhere - or else mm's playing games - Interesting trade yesterday of 675,000 at 23.25p Could there be a delayed swapsies mark still to come.
Anyone seen/heard anything?

[playful] 17/5/2019 23:21

Nothing will happen here until they sell the HQ

[pj 1] 10/5/2019 09:05

fillipe- If you had followed all HSR tips since 2015, assuming equal weightings, then you would be down 5%.

[fillipe] 10/5/2019 08:41

I notice Hot Stock Rockets have a BUY note out on GTC, this morning.

f

[hastings] 04/5/2019 09:06

Bought in recently with a couple of buys, so looking forward to the results this month.Last broker note read well enough, so scope for some decent upside if things pan out as expected.

[yump] 27/3/2019 16:01

That was a fair old reversal. Shows how market sentiment is making the market makers take defensive action if they're not sure how results will be received.

Hopefully a sign that generally buying now in the market could be quite close to the bottom. Are all the possible Brexit nightmares already priced in ?

[arregius] 27/3/2019 13:16

A buy at 30p. Today i saw the kitson house off market. Do you know if its sold?

[yump] 27/3/2019 11:14

Hi GHF,

I've got quite a few of these now having not sold each time it hit 40p, on the basis that things were looking better.

I think the price action looks as if most of the not-quite-rosy-yet information is in the price at this level.

On the face of it, although other geospatial services businesses disappearing / going bust appeared good for GTC over the last year or so, they did also say that there is increased competition for the remaining business.

Hopefully, demand will at some point exceed supply and then GTC will have an increase in non-geospatial business coupled with a recovery in geospatial. That would see a big jump in profits as long as they can still service an upturn in geospatial services.

[tiswas] 27/3/2019 09:06

Thanks ghf.

[glasshalfull] 27/3/2019 08:56

Morning guys

A difficult statement to interpret...I thought a mild profit warning too BUT not the case.

WHI have introduced forecasts this morning and highlight reduction in fixed costs & high op gearing.

Snippet,

“...we introduce three-year forecasts today (see our Morning Comment note for details). Although our revenue expectations are relatively modest at just +5% for both 2019E and 2020E, the significant reduction in the fixed cost base means that PBT can be expected to grow materially from here.

*2018E our forecasts are: revenue £8.0m, EBITDA £1.2m, adj PBT £0.3m, adj EPS 1.3p;
*2019E: revenue £8.4m, EBITDA £2.0m, adj PBT £1.0m, adj EPS 3.2p;
*2020E revenue £8.8m, EBITDA £2.2m, adj PBT £1.2m, adj EPS 3.7p.

Three reasons to hold the stock:

1) back into profitability with EBITDA 33% up y-o-y;

2) highly operationally geared to a recovery in revenues – a 5% increase in sales in 2019E leads to PBT more than doubling; and

3) a robust balance sheet with net cash plus net receivables of £2.5m (and potentially more to come in from the sale of a freehold property).”

-

I took a v small position earlier this month & cntent to hold/ add at these levels.

Kind regards,
GHF

[yump] 27/3/2019 08:31

Looks to me like they are just trundling along as they have for a while now, waiting for either some significant improvement in exploration spend rate or in new business in other areas which they are trying to move towards. Hopefully at some point growth in one will not continue being cancelled out by the other.

It will be much easier to see what is going on when final figures are out and it’s not just growth in ebitda that is shown. That can be reasonably reflective of progress if the exceptionals really are one offs, or irrelevant if there’s no prospect of exceptionals disappearing. For the moment I think they’re just still in the restructuring process. At least they’re not carrying on banging their heads against the same wall and seem to have adjusted the business for a semi permanent drop in the old geospatial services.

[pugugly] 27/3/2019 08:02

bookbroker - Looks like you are spot on - Mr Market reacting accoringly - Down 12% and possiibly falling more -