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
  -0.25 -1.1% 22.50 5,000 08:24:43
Bid Price Offer Price High Price Low Price Open Price
21.50 23.50 23.00 22.50 23.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 4.28 -2.89 -3.27 15
Last Trade Time Trade Type Trade Size Trade Price Currency
08:25:58 O 5,000 21.51 GBX

Getech (GTC) Latest News

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Getech (GTC) Discussions and Chat

Getech Forums and Chat

Date Time Title Posts
29/6/202218:52Getech - H2 Green - Hydrogen Storage1,051
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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Getech (GTC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-06-29 14:37:2422.0215,0003,302.25O
2022-06-29 14:19:0722.0041,6599,164.98O
2022-06-29 12:15:0923.498519.97O
2022-06-29 09:20:3323.491,268297.85O
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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 22.75p.
Getech Group Plc has a 4 week average price of 21.75p and a 12 week average price of 21.75p.
The 1 year high share price is 37.50p while the 1 year low share price is currently 17.75p.
There are currently 66,866,680 shares in issue and the average daily traded volume is 95,998 shares. The market capitalisation of Getech Group Plc is £15,045,003.
yump: The slight rise on the annoucement of today's contract, I take as a huge positive. Mainly because all the other small renewable businesses that announce something positive (unless its a multi-million contract), have seen their share prices fall recently ;-)
rivaldo: Pleased to see this sizeable contract win, adding nicely to forward visibility for the next 5 years. The really good news would be if GTC could at last secure a sale of Kitson House, adding a few £m of cash to the Balance Sheet.
battlebus2: Bookbroker it looks like Mr Hawthorne is more than happy with GTC as he added again and now holds over 11%.
yump: In the presentations, the investment decision periods are shown to start towards end 2023, so I guess thats when money will be needed. Unlike a lot of placings, those investments should carry a specific planned return, from the income from the assets, rather than the common “to help the business further its expansion plans” vagueness. Identifying and checking geological viability for H2 storage, (presumably thats using gtc existing capabilities) making development plans and getting planning permissions doesn’t sound like it needs any major injection of capital. Plus they’ve got a chunk of cash already.
yump: I've been re-watching the finals presentation and not sure it sits comfortably with me, primarily because there is a huge collection of buzzwords and talk about things as if they have already happened, particularly repeating the word 'asset', as if GTC have them already. Copus is presenting like the CEO of a major business, with the Powerpoint stuff (or whatever it is) and all the "strategic" talk. To me it reads like a prospectus and I guess that's what it is when looking forward to the investment decisions likely to be made on the projects in 2024. The balance sheet was said to be strong. Perhaps for the planning approval and acquiring a share of the land. Certainly not for the investment into the whole assets. Slides don't make a business. Its not profitable and hasn't been for some time and its a tiny business. Also there are repeated references to acquiring H2Green, as if it was actually doing something or trading, but it wasn't. It was a name and a website. Also the 'exclusivity' was not explained when someone asked the question. Is that first refusal on putting an investment into the project(s) ? I have no doubt that the news flow will be very good in the next year, but it feels a bit like they've jumped on what they thought was a bandwagon. I'm guessing the intent is to invest in the assets early on and then sell to the final owner with some appreciation in value and the chance of ongoing management. None of it will be free though.
yump: Anyone fancy a guess at the actual plan here ? Float off H2 Green to get funding for a percentage of the storage facility ownership and hence revenue ? GTC raise money itself to put into H2 for a stake in projects ? They were talking about the expected return on the projects, so I assume this is not going to just be GTC or H2 getting paid for design/planning. Although that would have a parallel in housing site development.
rivaldo: News - nicely addresses crucial energy transition sectors such as geothermal, critical minerals, and carbon/energy storage: Https:// "Getech Expands its Platform for the Energy Transition Getech, the net zero technology provider and data-led energy asset developer, is pleased to advise that it has expanded its Maptium platform offering with further content and analysis for the energy transition. Maptium provides a secure web-based gateway to Getech's world-class data and analytics content. It allows users to visualise and analyse energy and mineral resources information, maximising the value and knowledge of their projects and operations. The platform can be utilised by customers across a wide range of energy transition projects, including geothermal, critical minerals and carbon capture and storage. The following content is available to license through Maptium now: -- Maptium Gravity & Magnetic - enhances understanding of the subsurface, using Getech's world-leading global gravity and magnetic data. The content is used by customers across the energy transition sectors to de-risk exploration, improve efficiency and optimise performance in the delivery of projects; -- Maptium Sedimentary Copper - provides analysis and insights into the location and economic concentration of sedimentary copper, a metal key to almost every renewable energy solution. The content is used by mining customers to improve prospectivity of their copper exploration projects; -- Maptium Geodynamics - enables access to Getech's market-leading plate model and geodynamics expertise to improve understanding of the geologic evolution for an area of interest. The content is used by customers across the energy transition sectors to build a better regional understanding of their projects. Further information on Maptium can be accessed on Getech's website: . Getech's Chief Executive Office, Dr Jonathan Copus, commented: "As energy supply transitions to more localised low carbon solutions, Getech is reinventing the way we provide access to our global geoscience data and analytics. Delivered through our scalable Maptium platform, we are building a range of modular solutions that target applications in the geothermal, critical minerals, and carbon/energy storage sectors. These modules provide customers with cost-effective access to targeted essential data, workflows and analytics that previously were only available through Getech's global petroleum solutions. By investing in our products, technologies, and talent, Getech is strengthening our market share in the energy transition and increasing revenue generation. This in turn helps us build strategic relationships, which we can use to access unique participation opportunities in decarbonisation projects."
32campomar: Frustrating share price, it's so under the radar & so undervalued. Patience needed as always.
rivaldo: Glad to see the share options announced today have an exercise price of 27.5p, i.e not taking the mickey with zero-cost options as many PLCs do. Hopefully also an indication that the directors see this as an opportune time to issue those options at a strike price/share price lowpoint.
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:// "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."
Getech share price data is direct from the London Stock Exchange
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