Share Name Share Symbol Market Type Share ISIN Share Description
Gresham Tech LSE:GHT London Ordinary Share GB0008808825 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 199.00p 198.00p 200.00p 199.00p 199.00p 199.00p 50,997 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 17.2 2.2 4.1 49.0 134.31

Gresham Tech Share Discussion Threads

Showing 11701 to 11725 of 11725 messages
Chat Pages: 469  468  467  466  465  464  463  462  461  460  459  458  Older
DateSubjectAuthorDiscuss
16/1/2018
18:33
Well I know what question I would ask. Can you please provide me with the number of companies currently performing poc's with CTC. Another question I would like to know is the size of the sales team. Are they planning any big enhancements to CTC - for example real time cash Mgmt. FIS and Smartstream have both built new modules that bolt on to their rec system. This seems to be a new requirement for banks.
crazycanuck
16/1/2018
10:21
dd, not trying to get you into trouble at all. Your comments may sometimes cause a strong reaction but I for one value your input. I presume, like me, you would like an N1S update as soon as possible (also Cantor) so that we PI's have something to do on. As you may have seen I wanted to repeat the share price 'guessing game' for end of 2018 but nobody wants to play, that says everything to me, a vacuum. If you were sat across the desk from N1S today, what questions would you ask them as regards the current (or lack of) broker forecasts since I might just have this opportunity.
gottafly
16/1/2018
09:19
Gottafly your just trying to get me into trouble here! I have said it already all this is not normal. I will just add you pointed out the other day Cantor have made no comments since Dec 2016, guess what happend in the interim... they were appointed joint house broker!
double double
16/1/2018
08:44
dd, you seem a knowledgeable individual, do you know how usual it is for a broker not to provide a target price for a share. Cantor have done so at 180p (over a year ago) but I don't think N1Singer have ever issues a target price as such, is this normal/usual practice or is this unusual. N1S last produced a GHT note in July when the share price was at 177p. Although there was no revision to the overall forecast GHT performance in terms of revenue/profit etc., the investment summary concluded positively in terms of the share price - trading momentum will sustain the shares and provide further performance for investors. So this N1S report wording seems to show that N1S would be comfortable with the current share price of circa 200p but there was a caveat - subject to delivery performance. I know we have discussed this before, the ability for GHT to scale for implementations (which IM said was not an issue), but is this the key reason for the N1S 'cautiousness'? N1S don't seem to doubt the potential or market prospects for CTC but do have a question mark over scaling up.
gottafly
15/1/2018
10:24
Revised Broker Forecasts I have received a reply from GHT regarding my query for revised broker forecasts - sooner rather than later. Whilst I understand that GHT cannot make this happen the reply is somewhat disappointing - "Broker forecasts are ordinarily issued alongside the final results, so in the 13 March 2018 timeframe, and we would expect them to include 2019 forecasts – but, as you say, this is up to the brokers to determine."
gottafly
15/1/2018
09:52
dd, yes poor old Gottafly has been wracking his brains about the 2018 numbers, especially since the expected drop in legacy revenues was forecast to happen in 2017 (and was covered off by the Australian contracting revenues)and therefore the 2018 forecast made even less sense. But the 2017 actual numbers don't make sense either, over performance in revenue and cash but only just about there in EBITDA. As always with GHT you are left asking questions. I though the note from inforprofit summed things up nicely, what do we want - information, when do we want it - now.
gottafly
15/1/2018
09:29
crazyacanuck I appreciate your sentiment in your post. The "market" may think the price is right now but based on what and whose information. Poor gottafly has been wracking his brain all last year trying to work out why brokers were forecasting a slowdown in sale in 2018 - infact the company has met 2018 sale forecast in 2017.
double double
15/1/2018
09:12
Another interesting thing. Gresham announces the appointment of Paul White by way of an RNS announcement, no press release on the GHT website, as I say much work to do!
gottafly
15/1/2018
08:47
dd, yes just saw the announcement, great news and much work to be done. Welcome Paul you have a real job on your hands! Inforprofit, your post over the weekend re 'where GHT are at it' is interesting (agree great potential to be realised) particularly your call for better GHT communications, coincidence that we then get the Chief marketing Officer announcement?!
gottafly
15/1/2018
08:36
RNS Reach 15 January 2018 Gresham Technologies plc Appointment of Chief Marketing Officer Gresham Technologies plc (LSE: "GHT", "Gresham" or the "Group"), the leading software and services company that specialises in providing real-time transaction control and enterprise data integrity solutions, is pleased to announce the following senior leadership appointment. Paul White joins Gresham as Chief Marketing Officer with responsibility for marketing strategy, brand management, communications and international programs. Prior to joining Gresham, Paul led marketing at Sword Group, Kana, and Cyber adAPT, successfully growing businesses in risk, compliance, security and data analytics. During his early career, Paul also amassed 10 years of leadership experience directly within the financial services sector with Capital One, Zurich and Travelex. Ian Manocha, CEO, commented: "We are delighted to welcome Paul White to the team. Paul brings a wealth of expertise in banking and payments, and in technology marketing, and his deep experience in scale-up and international growth business comes at an exciting time for the Group."
double double
14/1/2018
11:27
Spent some time yesterday reading all the recent posts. It seems to have become somewhat heated at times but this would hardly be a discussion board if we all thought the same. I would just ask that we all respect each others opinion even if we disagree. Having studied the trading update for some time I must say that it does raise a question or two as regards where exactly in the growth cycle CTC and GHT are at. Firstly, I should say that I think these are a great set of results and that the GHT management team and staff should be warmly congratulated. The headline is very positive quoting a record breaking year due to Clareti performance and we have a confident statement from Ian Manocha about the future profitable growth prospects of the group - great stuff. It states that the 2017 figures are expected to be in line with market expectations except when you look at the detail (as has been pointed out by Gotafly) they are not quite in line. Both cash and turnover are well ahead and yet profit is slightly below, so I think this deserves an explanation. There has been much discussion on here as regards whether the big end of year Nordic contract is in some way responsible for these variances from forecast and perhaps logic would say that it is. In the long-term/big scheme these 2017 detailed variances are no big deal, we all know that growth is not a straight line thing although I think accountants try and make it so - 15 new CTC clients in 2017 is pretty good stuff. However, when you set this against the lack of any revised brokers forecasts then short-term you could start to become a little concerned, hence I think the somewhat heated discussion on here. In my view this needs sorting sooner than later and having looked at the past it seems that N1Singer will review/revise their forecast within a couple of weeks of the trading update so we should not have to wait much longer for clarification, certainly not until March. I had put aside this gloomy January weekend to decide what to do with my GHT holding. I have concluded that despite some uncertainty I will be sticking with my investment. I firmly believe that GHT has considerable unrealised potential and underlying value, the question is how/when will this be made so. I would however ask GHT and the brokers to do one thing - improve the information flow, whether financial or otherwise, so that we can have a better understanding and make our own judgements as to what is going on - we were promised n Investor Newsletter - where is it? For example, what is the position with the new Data Excellerator product which GHT said has as much growth potential (Capital Markets Day) as the current CTC product set. Also, it would also be great to know how Clarity Loan Control is getting on. So overall a great set of results but still much work to do regarding investor communications, please GHT management make it so.
inforprofit
13/1/2018
15:07
Dd, I have absolutely no wish to filter you. As a shareholder you are obviously hoping for a higher share price but the market and some shareholders seem to think 2 pounds is fair value at this present time. I'm hoping for another boost when the final numbers come out in march and hopefully several more clients have signed up. I have no idea on why kestrel sold almost 2% of their holding but they've made a tidy profit on that sale. Jadeticl3, just an FYI but the share price went over £4 back in the days of real time nostro (RTN) which eventually failed and the share price crashed back down to .25p. this was almost 20 years ago and then a bunch of ceo's failed. Ian M is definitely steering this company in a solid direction. I think c24 was a great acquisition and now we really need to see continued growth with a lot more sales of CTC. There's a huge mkt out there but for a global company I would really like to see 25+ sales this year.
crazycanuck
13/1/2018
13:25
Thanks gottafly and others.I have tried the brokers and via the Bloomberg terminal thought I would get a response but no luck. I still feel despite the criticisms this isn't normal and from both brokers in unison.
double double
13/1/2018
12:11
agree this is the best result the company ever made but do you get the brokers know this or care?anyway it's not mine I am sure dd can speak
journeysend
13/1/2018
11:47
“There seem to be a lot of company men here” Not sure what journeysend means by this! With the money I have invested in this company in a sense I am a company man. I desperately want this company to succeed. I want the top group to make wise decisions. I want lots of confidence-boosting information. However, this does not preclude criticism where criticism is due. Consequently I read what is said on this site with interest, whether from DD or richjp or others who may have different backgrounds. I am sad when rancour is evident. Let us remember that this is the best performance this company has ever produced and, as investors, we are all benefiting. It is true that I feel communication is not all that I would wish, but this is not as important as performance. Why are we bickering when we have never had it so good?
jadeticl3
13/1/2018
11:05
hang in there ddthere seems to be a lot of company men herecrazynuke you don't know why kestrel sold do you?
journeysend
13/1/2018
10:45
crazycanuck, yes I do intend to attend the AGM assuming it is held around the usual time. I hope to see you there.
richjp
13/1/2018
09:04
dd, as you know I too am concerned about the lack of forecasts and don't forget we have two brokers now. The last revised forecast (other than simply a reiteration) is December 2016, when Cantor published their first (and only) note! Whilst I accept that GHT remains a small cap stock and that perhaps it does not demand too much broker attention, it is on the main market and is not an AIM company. I believe that forecast revisions are urgently needed and I have written to the company requesting that they do all they can to make this happen. Returning back to the Nordic Nordea deal, I don't think you can assume that just because the revenue is counted in 2017 then the bottom line is effected in the same way. This is a solution sale in my view, albeit with a substantial software licence element, and thus revenue recognition will be very much geared to deployment etc. The announcement uses the word 'will' (i.e. in the future) five times in the statement and it is included in every description of how CTC will be used by the client. One last point, during my deliberations I went onto the GHT website - Investor Section and Shareholder Information - and I was invited to subscribe for an Investor Newsletter. So GHT acknowledge they are in the process of providing some investor info but this has been the case for about a year now and nothing has happened!
gottafly
12/1/2018
21:26
I seem to have hit a raw nerve here do you know of other brokers that keep as silent as is here? Why are they so silent? The company itself admitted shortcomings in its lack of communication and said it would try to do better. But no change as yet. Yes I did few times in my 12 odd years here.
double double
12/1/2018
21:04
DD, do you normally attend the year end results meeting?
jadeticl3
12/1/2018
20:56
It is unusual to not comment on trading statements or not have forecasts only a year out. I have been here over a decade and will "rant" if I think either the company or the brokers are not communicating effectively. Feel free to filter me.
double double
12/1/2018
19:29
I'm in the camp that believes the Nordic deal was to enhance 2017 numbers. Dd - I don't understand your rant about brokers and holding the price down. The big share holders ultimately decide if they'll accept the offer and Ian m has over a million shares. I think the share price is fair and kestrel have just unloaded a big chunk which makes me think it's not about to jump too much in the near future. The competition in recs is fierce with intellimatch (sungard - now FIS) and smartstream by far the biggest players with revenues in the billions. I've worked with these products and ctc is by far the best product due to the others being quite old but it's still not selling in the numbers that I expected. I think that's why we've yet to see some other investors join the game. I think Ian is doing a very good job which is easy to say as stock has doubled in price since he joined but i would like to know how many clients are performing poc's with the product. Richjp, I assume you'll be attending the year end results meeting?
crazycanuck
12/1/2018
17:58
Revenue recognition for software as a service (Saas) is simple; you account for the contract over the period you deliver the service. The fact the announcement stated that an amount was "immediately recognisable" would suggest that the element in question was not Saas.
valhamos
12/1/2018
17:42
All the above is correct unless it is a software licence agreement based on rental (SAS) verses a capital/purchase basis. Then the situation regarding revenue recognition is far more complex and typically auditors will not let you recognise the full value of the agreement if payment is spread over a long period. Do we know what type of sale this was SAS or initial licence fee?
4-10
11/1/2018
18:56
richjp What you say is correct. In your example the arrangement was for the software licence to be sold in December with the customer's agreement. However ethically the fact that there was an inducement to bring it forward is in reality no different from any other business with discounts offered at year end to meet targets. According to GHT's accounting policies the revenue on software licences is recognised when all of the following criteria are met: •• persuasive evidence of an arrangement exists, such as a signed contract or purchase order; •• delivery has occurred and no future elements to be delivered are essential to the functionality of the delivered element; •• the fee is fixed or determinable; and •• collectability is probable Therefore the around 1 million euro was a software licence granted to the Nordic bank in 2017, and as such "immediately recognisable" which drops to the bottom line in 2017.
valhamos
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