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% 11.25 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
10.50 12.00 11.25 11.25 11.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 6.06 -3.14 -8.22 4
Last Trade Time Trade Type Trade Size Trade Price Currency
13:59:35 O 271,238 11.25 GBX

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Date Time Title Posts
11/11/202016:39Getech-does anybody care?1,943
16/9/201012:26Dollars Arriving?-

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Getech (GTC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-11-25 17:15:0011.25271,23830,514.28O
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Getech (GTC) Top Chat Posts

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 11.25p.
Getech Group Plc has a 4 week average price of 10.50p and a 12 week average price of 10.50p.
The 1 year high share price is 26.50p while the 1 year low share price is currently 8.25p.
There are currently 37,563,615 shares in issue and the average daily traded volume is 255,794 shares. The market capitalisation of Getech Group Plc is £4,225,906.69.
boonkoh: Lots of trades today, many in the afternoon at the full ask price.
bamboo2: Mas, I was hoping to pinch a few more today but they have put the price to buy 25,000 up to 11.96 No auto quote on 50k Should have taken more advantage last week.
masurenguy: Hi bamboo2 - any target price on your current chart?
masurenguy: Interim report for the six months ending 30 June 2020 The Group targets orderbook and recurring revenue growth. Having maintained capital discipline, and a low level of variable costs, Getech's balance sheet is strong, and cash profitability is highly leveraged to revenue growth. Customer collaboration and continuous product and service enhancement are central to Getech's strategy and decision making. H1 2020 overview -- Projects continue to be delivered on time and to cost, orderbook continues to be honoured -- Revenue GBP2.1 million (H1 2019: GBP2.5 million), plus new forward sales of GBP1.4 million (H1 2019: GBP1.6 million) -- Orderbook replenished, totalling GBP2.9 million at 30 June 2020 (31 December 2019: GBP3.1 million) -- Monthly costs reduced by 26% from 1 May 2020, with H1 total Group costs of GBP2.6 million (H1 2019: GBP3.2 million) -- Profitability enhanced; EBITDA profit GBP0.1 million (H1 2019: GBP0.1 million loss) -- Cash of GBP2.8 million (30 June 2019: GBP3.0 million), with Globe invoicing in July increasing cash balances in H2 2020 -- Broad front of new business activity, with momentum building around mining, geothermal and hydrogen opportunities The Covid-19 pandemic has negatively impacted almost every business globally across every sector, and as economic activity and global mobility has declined, energy prices have fallen sharply. In response, Getech's oil and gas customers reduced their 2020 total capital budgets by c35%. Despite a significant, but partial, rebound in crude oil, the threat of further waves of infection presents economic uncertainty, which undermines customer confidence. Whilst Getech moved its staff to home working early in March, the Group had already largely transferred its marketing, sales, training, services, and product support activities to remote or virtual platforms. Since implementing these changes, projects have remained on time and to cost. The Group has also successfully delivered on a number of new projects during this period and, year-to-date, has released Globe 2020; new versions of Getech's Data Assistant, Exploration Analyst and Unconventionals Analyst software products; and an interim release of its innovative MultiSat 2020 product. Financially, Getech began 2020 with a strong orderbook (which grew by 48% across 2019). This continues to unwind to revenue, with no negative revisions. Importantly, in challenging markets, and net of revenue delivered in H1 2020, the orderbook has been largely replenished - totalling GBP2.9 million at 30 June 2020 (31 December 2019: GBP3.1 million). The orderbook remains an important downside protection for the Group, with approximately GBP1.5 million of it expected to convert to revenue in H2 2020. Driving this performance was an encouraging licence renewal rate and new customer wins for Globe and other software products. In services, agreements were extended, and new contracts secured in developing areas of activity. Getech also continues to deliver data sales, although in this area customer budgets have been pared back to essential needs. Whilst some other licence renewal discussions have, perhaps unsurprisingly, been more protracted, Getech is focused on concluding these by year-end. To manage such risk, and the uncertainty of the duration of the Covid-19 business environment, Getech took prudent steps in April to protect its capital. Since May, monthly costs have been lowered by c26%. Inclusive of two months of cost savings, the Group total cost base [ ] in H1 2020 equalled cGBP2.6 million (H1 2019: GBP3.2 million) and for the six-months to 30 June 2020, Getech reports a GBP0.1 million EBITDA profit (H1 2019: GBP0.1 million loss). Getech's balance sheet remains strong, with cash totalling GBP2.8 million at 30 June 2020 (H1 2019: GBP3.0 million). In addition, the Globe development cycle resulted in a significant value of invoices being raised in July, which has unwound to cash post the period end. The Group's Leeds headquarters also remains a further significant asset. With both revenues and direct costs lower, the net impact was that Getech maintained its Gross Profit at GBP1.3 million (H1 2019: GBP1.3 million). Cash generated from operating activities, before working capital adjustments was GBP0.1 million (H1 2019: GBP0.1 million out flow). Having considered the continued volatility of the oil and gas investment environment , as well as the current pressures and uncertainties surrounding the global economy, Getech's Board decided that it was not appropriate to pay a dividend at this time.
adamb1978: Had held these before earlier this year, and made a very decent return in a short space of time so kept them on the watch list. The cash an property pretty much underpins the share price today so the trading business largely comes for free. That said, its not obvious that there will be a rocket under the business in the near-term so its possible to see the share price drifting a little as shareholder just get bored and exit, and despite the downside protection. Think I'll sit on the sidelines for now....
masurenguy: A 1,033,000 share sale - 2.74% of the shares in issue - went through @14p this afternoon !
bamboo2: Hi B7, these potential turns are based on upper and lower trendline convergence dates. Read the relevant page on Bulkowski for more info, as prob better than me trying to describe. Http:// He gives some useful backtested stats on the phenomenon. ================= re GTC, Yes it did turn on 22/6, but alas, no it didn't go the way I wanted! There was a small cluster of potential turns spread over 30/6-1/7, so I am hopeful a positive turn will materialise. I have made some good money here recently, and given the relatively good financial stability of the co, have decided to add to the position.
adamb1978: Thats a proper jump!!!! I think this is worth 25-35p even if you value the ongoing business at very low PEs, so intend to hold on for a good bit more upside from here. If they find some growth in the base business, north of 35p is also achievable note: FY18 EPS was 1.8p. Put that on 10x gives the current share price. Cash and property is 14p per share.
yump: Well its become very interesting at this level, considering the update, the cash and the assets. Those are relatively small trades. Perhaps there's a few folk looking for bargains where the share price has been hit a bit randomly. In terms of actually doing business, GTC themselves presumably don't need much physical contact with customers and they are nowhere near as dependent on the oil price/exploration as they used to be.
adamb1978: I've bought into GTC over the last few days. Its not the sort of thing I invest in (i.e. largely a value play), however given that the market seems to be attributing a negative value to the operational business, it feels like an investment with limited to no downside. One decent trading update, where people can put a value on the trading business and I think the share price can double very quickly. I'm looking for 25p-35p share price within a year from now
Getech share price data is direct from the London Stock Exchange
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