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Share Name Share Symbol Market Type Share ISIN Share Description
Getech Group Plc LSE:GTC London Ordinary Share GB00B0HZVP95 ORD 0.25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 24.00 0.00 07:41:46
Bid Price Offer Price High Price Low Price Open Price
23.00 25.00 24.00 24.00 24.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 3.56 -1.82 -4.38 16
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 24.00 GBX

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Date Time Title Posts
23/6/202111:58Getech - H2 Green - Hydrogen Storage277
06/4/202107:40Getech H2 Green 1
01/4/202117:47Getech-does anybody care?2,616
16/9/201013:26Dollars Arriving?-

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DateSubject
25/6/2021
09:20
Getech Daily Update: Getech Group Plc is listed in the Oil Equipment Services & Distribution sector of the London Stock Exchange with ticker GTC. The last closing price for Getech was 24p.
Getech Group Plc has a 4 week average price of 22p and a 12 week average price of 22p.
The 1 year high share price is 46p while the 1 year low share price is currently 10.50p.
There are currently 66,866,680 shares in issue and the average daily traded volume is 119,103 shares. The market capitalisation of Getech Group Plc is £16,048,003.20.
21/6/2021
11:40
sharesoc: In case you missed our webinar with Getech the recording and stockopedia report can be found here: hTTps://www.sharesoc.org/seminar/sharesoc-webinar-with-getech-gtc-9-june-2021/ To access the recording, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here: hxxps://www.sharesoc.org/membership/ Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the recording (and recordings/reports on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here: hxxps://www.sharesoc.org/contact-us/
15/6/2021
14:22
bones: Blue59, focus on the business, not the share price. If the business develops as we believe it will, the share price will follow.
14/5/2021
08:19
playful: ShareSoc Webinar with Getech (GTC) 9 June 2021 Company: Getech (GTC) Date: 09 June 2021 Time: 5pm – 6pm Format: Webinar Presenters: Jonathan Copus (CEO) hTtps://www.sharesoc.org/events/sharesoc-webinar-with-getech-gtc9-june-2021/
20/3/2021
07:12
multibagger: Good morning all :) A few random observations: 1. Hydrogen may prove to be a valuable energy source in the future, but the timing of wider adoption, technological barriers and costs involved are speculative at this time and no clear consensus as to which energy source will be dominant. I suspect that in the life times of most of us, Hydrogen may be a relatively small energy source on a global scale. 2. "How to avoid a climate disaster" by Bill Gates is well worth reading. A man of superb intellect and the ability to do "systems thinking" on a scale and with the resources he can command, cannot be matched by the likes of us here...therefore I pay close attention to his observations. I have read his book recently and Bill Gates (from the interview in the latest Wired magazine) rates Vaclav Smil very highly. So I have ordered a book by Vaclav Smil on Energy and Civilisation: A History" to understand the issues at a conceptual level and to try and understand the various moving parts in the system. 3. In the meantime, if people want to gain exposure to the wider Hydrogen economy then a ETF may be a good way to gain sector exposure. I am thinking about the L&G Hydrogen ETF. 4. I have been an onlooker at the comings/goings on with GTC over the last 15-20 years or so, when I was over that period invested in THAL, VIY and RSI - basically businesses that developed/used seismic mapping or imaging. I am not too convinced as to how this new direction/venture fits in with the GTC core business as yet or whether it is to benefit from the secular uplift of all "green energy" and related companies and have a presence in a burgeoning field and thereby tap into the rich vein of "no questions asked" funding. 5.I am not entirely convinced that the BoD are strategically clear about what they are trying to achieve and there is a real danger of "mission creep" leading to a number of fund raisings with multiple "attempted shots" at various "undefined goals". However, as posters have mentioned GTC could be a vehicle for AIM listing following a Reverse Takeover. 6. DoI: I don't hold GTC. I sometimes post on BBs as a way of recording my thoughts on a company/RNS/or matter and later re-visit the BB post to reflect and see if my initial take was correct. A public diary and an investment tool to help my learning all the time and also to share what I have learned. 7. We are all in the market to make some money, so I wish all holders well and hope GTC comes good in many ways. Good luck all :)
18/3/2021
10:56
rivaldo: Hi chaps. I've been a watcher here for some time, and am well aware of GTC's strengths and of the potential of the move to hydrogen. But I've just come across this article which gives pause for thought. It did crystallise my own thoughts somewhat - quite apart from the events timeline outlined below, can someone explain to me how practically speaking GTC's seismic data and software will contribute to this venture in terms of locating and establishing refuelling hubs? I may be missing something fundamental, so grateful to be educated in simplistic terms! Https://smallcapslife.substack.com/p/small-caps-live-weekly-summary-5b1 "Getech (GTC.L) - Placing & Acquistion We have been sceptical of this company’s pivot to green energy, noting that: Getech’s core business is managing a database of seismic data and providing software that accesses or analyses this data. As far as we are aware, no company has used GTC's seismic analysis software to choose where to locate petrol stations in the past. H2 Green Ltd is focused on establishing a network of large-scale hydrogen generation, storage and refuelling hubs. Therefore, the idea that “Getech will leverage its expertise through the application of complex geospatial analytics to help H2 Green locate and build a network of hydrogen hubs” could seem somewhat far-fetched to some people. We are not aware of any significant number of commercial Hydrogen vehicles are available that need refuelling at the moment. It is not clear that H2 Green Limited has the required capital to build any of these. A Companies House search reveals that this was formed 9 months ago with little capital. We also found the timeline of events to be noteworthy: 27 April 2011: Getech Chairman, Dr Stuart Paton, is awarded 900k share options that expire on 27 April 2021 at 17.5p. 9 June 2020: H2 Green Ltd is incorporated with 1p of share capital. 20 November 2020: Dr Stuart Paton is appointed as a director of H2 Green Ltd. The GTC share price is 11.25p. At this point and options exercisable at 17.p have negligible value. 26 January 2021: Getech’s exclusive strategic partnership with H2 Green is announced. The GTC share price rises 85% to 25.2p. 28 January 2021: Getech announces that after a handover period Dr Stuart Paton will leave the Getech Board. The GTC share price is 33p making Dr Paton’s options worth around £140k on this date. Today we get the announcement that: “The Company has, on 11 March 2021, exercised its option to acquire the entire issued share capital of H2 Green, with such acquisition conditional only on the approval of the Resolution by Shareholders at the General Meeting and the Placing Agreement not being terminated prior to that date.” At least they don’t appear to be massively overpaying for this business, although there are deferred consideration payments. But this does highlight the madness that, at its peak, the Getech market cap had risen by £11.4m on news of an agreement with a newly formed company valued initially at £125k. We also questioned the size of the placing here: “· Placing and Subscription with new and existing institutional investors to raise £6.0 million (before expenses) to facilitate diversified growth in areas important to the delivery of a global Energy Transition. · Open Offer to Qualifying Shareholders to raise up to £0.25 million (before expenses) · The Issue Price of 22 pence represents a 12% discount to the closing mid-market price on AIM of 25 pence per Ordinary Share on 11 March 2021, being the last dealing day prior to the date of this announcement.” So quite a large dilution there with 27.3m shares placed vs 37.6m currently in issue. So why such a large a placing? Well, when you think about it, why not? When shareholders are willing to add £11.4m to your market cap on an agreement with a £125k company, management here would be daft not to raise as much as possible. Bagholders….I mean shareholders seem non-plussed by the dilution with the share price up slightly on the news. Before concluding that the real winner was their broker Cenkos, along with Dr Paton, of course."
12/3/2021
09:37
bones: For me, the key aspect and big question of this hydrogen project is why was GTC given the chance to effectively be the other party with SGN for a mere £1M (the cost of buying H2 Green)? H2 Green was only incorporated in 2020 so it was possibly set up with this GTC arrangement in mind. I think the existing AIM quotation of GTC has a role here. The GTC and H2 Green directors have effectively swapped over and there are heavyweight, government connected non-execs parachuting in to GTC. Some have been announced and it was made clear in a previous RNS that more would be recruited. It appears to me (with my speculative hat on and sensitive nose sniffing the air) that much of what happens over the next few months will have been pre-planned with SGN and the relevant regulatory bodies. Whether or not this is the case, it gives me reason to be invested here for the developments over the next year or more while the price is low.
09/2/2021
13:39
sturmey: I sold out yesterday. I had held this for almost 2 years and sold for roughly my purchase price of around 29p. It took time and effort to sell 45,000 shares. Having seen the share price recover from a low of about 8p, I was pleasantly surprised by the hydrogen deal and the attention it brought to the company and the share price But I am a sceptic about the hype surrounding hydrogen and the inflated valuations of related companies. I'd rather back oil for the time being!
04/2/2021
10:11
shstt1: Success is not measured by how long you’ve been holding. In your case you hung while it fell for years as their traditional business dried up. My guess is you sold very early cutting your losses and now regret it. Share prices look forward. The board have opened up new markets and changing the business into growth areas Share prices don’t react like accountants. You have an historic accountant view and you don’t have a clue about investing Nice try
28/1/2021
12:27
74tom: @Yump, I've re-read yesterdays RNS a few times before responding, there is so much info in there that we don't need to speculate too much. Key strategic quotes for me are; H2 Green: "Our links to industry and government have been central to us developing the concept and the strategic relationship with Getech" "The exclusive MoU provides a path for the SGN Group to invest in any developments that result from this collaboration, affording both H2 Green and SGN scalable exposure to a high-value network opportunity in an exciting growth market." FACTS SGN Group had £37m on their balance sheet at 31/03/2020 as per companies house accounts. The H2 Green COO Ian Spencer was Head of Economic Policy & Strategy for the Scottish government What I expect to happen; - In the near term we'll build a board that has experience of rapid growth & capital markets. I would not be surprised if an SGN director was appointed either. - Within 3 months I expect we'll have a more detailed plan as to how they are going to convert the 30 gas stations, but this could move faster given the potential ROI. - Once technical specs are nailed down, I believe SGN will invest some of their £37m of cash into Getech / H2 Green collaboration, likely in exchange for equity in GTC, as flagged in the second quote above. Thus they will monetise their land & assets and benefit from appreciation in the GTC share price that will inevitably arrive once everything is confirmed. It's a win win for all parties, which in my opinion makes it much more likely to happen as planned and in a timely manner.
26/1/2021
11:18
74tom: Ps. on 27/01/20 Powerhouse Energy's share price was 0.78p and it's market cap was £15.5m Today it's share price is 8.85p and market cap £344m It had 2b shares in issue though, whereas here there are only 37m. Where will GTC be in 12 months time? I can't foresee many scenarios where it is lower than today... Edit. Currently NT for even 5k shares.
Getech share price data is direct from the London Stock Exchange
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