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
  0.75 5.41% 14.625 401,744 10:38:28
Bid Price Offer Price High Price Low Price Open Price
14.25 15.00 14.625 13.875 13.875
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 4.28 -2.89 -3.27 10
Last Trade Time Trade Type Trade Size Trade Price Currency
13:03:21 O 1,883 14.40 GBX

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Date Time Title Posts
07/2/202312:09Getech - H2 Green - Hydrogen Storage1,393
06/4/202106:40Getech H2 Green 1
01/4/202116:47Getech-does anybody care?2,616
16/9/201012:26Dollars Arriving?-

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Posted at 07/2/2023 08:20 by 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 13.88p.
Getech Group Plc has a 4 week average price of 12.13p and a 12 week average price of 12.13p.
The 1 year high share price is 33.25p while the 1 year low share price is currently 12.13p.
There are currently 66,866,680 shares in issue and the average daily traded volume is 79,318 shares. The market capitalisation of Getech Group Plc is £9,779,251.95.
Posted at 28/1/2023 09:50 by yump
One positive is that GTC has very few followers, so if they announce something tangible for the H2 area, the share price could jump to a more sensible level as it did on the initial announcement.

Its clear they are not blowing money all over the place.

Unfortunately, the rest of it seemed like a theoretical plan, so I guess we’ll just have to wait.

Perhaps they’ll specify what the decarbonisation solution is, that is being offered to clients. If its actually a saleable service then presumably it will be put on the website.

The potential investment in an asset also sounded vague. Presumably they have some criteria.

There is surely some proper news coming this year. I noticed Copus mentioned the demolition (sorry I am not going to call it deconstruction) as being an important step, so I currently have an ice pack on my forehead after facepalming myself too hard ;-)

I should say that I left a very large business in the 80’s partly because of all the vague management speak that made it look as if stuff was happening when it wasn’t. So in a small company I absolutely cannot stand any of that - its completely out of place.

GTC appears to have ambition, but I can’t figure out what form its taking in practice.

Posted at 28/1/2023 08:19 by 32campomar
Couldn't agree more. An exciting year ahead with the prospect of good news flow in multiple parts of the business. With over 4 million in cash and the completion of the sale of Kitson house bringing in at least a further 2.5 million, much of the share price is cash giving very little value to anything else.
Posted at 27/1/2023 19:26 by yump
Had a watch. Minimise costs, maximise value. Oddly enough that's what I do with my business and so do my client businesses.

Taking selective investment opportunities at low cost. But we ain't going to get something for nothing are we, so this is reliant on GTC identifying the investment opportunities well. Are they qualified to do that ? - jury out until they actually do an investment and tell us what it is I guess.

The decarbonisation solutions area sounds much more tangible as a revenue earner, plus the hydrogen advisory service. So who has the hydrogen expertise ? Is it Luke Johnson ?

What does a decarbonisation solution actually involve ? Presumably that's a fat report in the way that PWC do reports, charged at an extortionate rate. (Except that GTC actually have the expertise and experience, not just some consultant a few years out of Uni).

Which would be nice.

Posted at 21/1/2023 12:03 by yump
H2 Green was incorporated in 2020, with 1 share, belonging to Luke Johnson.

Last accounts to Dec 2022 showed zero revenue and £500K costs.

So was this just a potential SPV with a decent name ?

Nice if you can sell nothing much for £250K. I may be wrong but I’ve seen nothing to suggest where the value was.

Perhaps it was a “sweetenerR21; in return for very low initial salaries as part of GTC. Positively he has a few shares in GTC, as part of the initial consideration. About £200K worth at the time of issue.

Posted at 21/1/2023 11:52 by yump
I also found details about the payment terms for the £1mln GTC might pay for H2 Green (including the initial £250,000), but have lost the link.

Not sure the detail has been RNS’d.

From memory there is an amount if H2Green achieves £250K ebitda. There is also a chunk when H2Green gets full commercial funding for a project.

Seeing as H2 Green is part of GTC, I would expect the specific achievements of H2Green and NOT GTC overall to affect these payments.

Quite how that will be reported remains to be seen.

Having researched Johnson, I am still left wondering exactly what assets H2Green had.

Was it just that they or LJ had useful contacts? Nothing was mentioned.

Posted at 20/1/2023 09:17 by battlebus2
A small tick up this morning but looking the two year chart the share price is currently at lows and almost 50% down from then. Obviously the market isn’t impressed with the current leadership or their focus. Some new impetus is needed to get things moving again.
Posted at 14/1/2023 10:31 by yump

And there I was trying not to look at my average price ;-((

Got a bit back as generally moving money into income stocks/funds and coincided with the mini-budget which damaged a couple but piled in afterwards on the drop as longer term the yields will improve relative to gilts.

Hopefully in a better market, with news, GTC won’t look so bad. All these small stocks with potential have been hammered until there is really significant news. Recently 2 dead stocks of mine took off VEL and IES.

The ones with proper plans, proven products and market demand should be ok.

I almost sold GTC out of pure irritation when they announced the amazing gas holder demolition news. Felt like Copus taking the p*ss. He really needs to think like a pi a bit.

Posted at 13/1/2023 18:41 by big7ime
Whereas in reality most shareholders are on a thumping loss, look at the chart
Anyone selling now has given up but
If they have got something even fractionally as good as they describe, they won’t be selling at this awful price - get decent result or news the share price will rocket. Imho

Posted at 10/1/2023 14:51 by bookbroker
The fact of the matter is this company is now worth less than it was prior to the H2 Green deal. Why should any institution have stumped up in the placing at twice the price to see their investment go up in smoke. Next time this company wishes to raise money the appetite is not going to be there. This company was quite capable of generating cash with the Globe programme, and why have none of the directors of H2Green bought stock, H2Green is worthless without support from GTC. For shareholders of GTC that is not acceptable, and I can see that the original supporters of that placing have likely sold and moved on. For existing holders the situation while H2Green remains part of GTC is thoroughly unpalatable, but Copus needs to reassure his existing investors that there is a viable future in this business. While he has been in charge the company has continued south.
Posted at 06/1/2023 12:31 by yump
GTC is involved in the storage and infrastructure for supplying H2, not the generation of H2.

If you look at other tech businesses at the early stage of new plans, they have all gone into the doldrums, up until the point they announce something material.

Many of them don't actually have an existing business, or the set of established contacts that GTC has.

That doesn't excuse the lack of clarity about the future plans, of course, but it does put GTC into perspective.

Perhaps they should have raised £20mln like some others and burnt it at £5mln a year, then they would be trendy.

Getech share price data is direct from the London Stock Exchange
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