Gresham Technologies Share Discussion Threads

[richjp] 04/7/2016 13:30

Half yearly results have to be announced within two months of the end of the period in question, so the end of August would be the very latest, although there should be no reason for them to wait that long.

[jadeticl3] 04/7/2016 12:45

There is no evidence that the BoD cannot contain their excitement! Will the well-used phrase "results met the Board's expectations" satisfy share holders?

BullyBoy, if results last year came out on 10th August, what does your phrase "we still have a good few months" mean?

[richjp] 04/7/2016 11:27

No, I don't think there was a trading update last year at this time either, although I think that if the results are good then it would be in their interest to issue one this time.

If we do not get a trading update, I will be inclined to suspect that the results are no more than average.

[thebullyboy] 04/7/2016 08:35

I cannot see they announced a trading statement last year, they announced the interims on 10 August. On that basis we still have a good few months!

[schytalk] 02/7/2016 08:21

Well Q2 is over and no sign of the 'promised' new major customer, is this a delay or has Gresham decided that new wins no longer need announcement.

The share price has weathered the Brexit storm (which in any event I think will be good for Gresham because of the increased opportunity) and Kestrel continue to buy, having bought 112,500 at 95p - is this share support or bargain hunting?

[schytalk] 01/7/2016 07:54

Given that Brexit will mean change then I would have thought it could only be positive since change means spend and Gresham should see an increase in opportunity, just need to turn this into sales!

[4-10] 30/6/2016 18:16

I can't see as Brexit is a big issue they have offices in Sing, Syd, Mel, KL and NY maybe they will need to look at Frank and Paris.

[richjp] 30/6/2016 12:04

I think there was a problem all across the message board yesterday and many if not all posts across the board were lost. There was a message from ADVFN showing on all the threads that I follow to this effect yesterday evening. One of the lost posts lost was mine, so this time I am doing this offline first!

Someone, I think amt, posed the question about any possible Brexit impact. I responded by saying that somebody had raised this at the recent AGM and that the directors were very relaxed about Brexit, although I expect at that time most were expecting a Remain vote.

Firstly they pointed out that an increasing amount of revenue was from overseas so if sterling remains low that could have a positive impact on earnings.

Furthermore the directors’ view and one that I agree with, is that even if some financial institutions do move away from London, London will still continue to be a major financial centre and therefore an appropriate location for a software house doing business in international finance markets to be based.

[mick bell] 30/6/2016 10:33

TBB poster by capeview on the BARC thread
30 Jun'16 - 08:35 - 118462 of 118472 0 0

Techno head, if you look across the boards it seems they may have either had a board failure or a purge as there seems to be problems on all the boards I view. And with the amount of posting happening, it's quite possible they had a database failure.

[thebullyboy] 30/6/2016 08:07

Have some posts been deleted from here? I am sure I saw 2 posts about Brexit and how it may affect GHT.

[qantas] 29/6/2016 19:08

hxxps://www.gresham-computing.com/11541-2/

Gresham certified to latest PCI Data Security Standard
29 June 2016

London, 29 June 2016 – Gresham, a leading provider of real-time financial transaction control and enterprise data integrity solutions, is pleased to announce that its core CTC Platform (“Clareti Transaction Control”) and associated software development processes have achieved PCI Data Security Standard Level 3.2 (PCI DSS).

[b a baracus] 23/6/2016 10:25

see that Kestrel have also been buying into AMBR - bit out on a limb compared to their normal tech stuff - Crazy Fools

[schytalk] 21/6/2016 08:05

Kestrel continue to buy shares and support the SP, latest 50,000 at 98p.

[schytalk] 17/6/2016 10:29

BB, I tend to agree with you, it does seem strange that 'company management' are happy to buy shares at 96/99p, seems they perceive them as 'good buy'. I say this is strange because the CEO got his share options at 110p just about one year ago. Since then good/solid progress has been made and management use the confidence word.

Overall I think the share price is trading somewhat below where the company think it should be and to a degree the management are gaining some advantage with the share buys. Given this I do believe that the 'promised' major new client should be RNS material.

[thebullyboy] 16/6/2016 08:35

I dont think market regulations or insider rules distinguish between GHT business model/contracts and other companies.

Of course directors will have knowledge of day to day normal business activity, however new contract wins, small or large, are not normal business. Infact the contracts won in Q1 that the company thought were not important enough to announce, the company later said were important enough to impact the underlying numbers and in the current year.

I dont really mind if Kestral/CEO trade with such knowledge as we get clue to how the company is doing. Its just that I dont think the company can honestly say Kestral/CEO are not at an advantage from other investors in this.

I think on this we will have to agree to disagree!

[richjp] 15/6/2016 20:24

BB, What I recall from a previous AGM was that they want to create a number of large key accounts that can generate long term revenues worth several millions, but they also wanted and were signing smaller contracts. They may have said that they would not announce all the smaller contracts, which could be taken to imply that they would announce only larger contracts, but they never said that they definitely would announce all the larger ones.

The GHT method of Software as a Service (SaaS) is very different from the traditional model for high value software sales. With the traditional model the client pays a large up front fee for a perpetual licence then an annual ongoing maintenance of maybe seven per cent or more. GHT do get initial one off fees for consultancy to help the client install the software, but the ongoing revenue depends on usage or the number of transactions processed. It's a sort of a pay as you go scheme. That is why I question in the past they have announced contracts worth several millions when they do not know exactly if those revenues will actually happen.

As I said before, there is loads of data that the directors have that we do not. As well as the financials they also know the length and quality of the prospect list. In my view too many small companies announce contract wins just to boost investor confidence, but if the long term financials do not pan out, such announcements are not much use.

[thebullyboy] 14/6/2016 08:58

Hi richjp

Excuse me if i have this wrong and I am paraphrasing from memory, I think in one of your posting the company had said £250k or £500k contracts were not going to be announced going forward but contracts in the £ms would be.

[This is also why I dont think any large contract has been signed so far in Q2.]

I dont think it is the case that only GHT sign contracts and then payments come in 6 months, 1 year or 2 years time. I think most companies operate this way and does not prevent them from making announcements.

In Q1, GHT signed 4 contracts and they said these contracts "will provide a SOLID contribution to the Group's planned revenues in CURRENT and future years". Alone each contract may be small and not worthy of announcement, but cumulivatly for a company with a turnover of only £15m, I would say does become material, however, Kestral were allowed to deal knowing this information that no one else has access to.

I have no doubt same is taking place in Q2, but we now have the CEO buying on information that no one else has access to.

As already stated here this does not smell right to me either.

[richjp] 13/6/2016 20:27

I think it depends on what you classify as a material item. The early large CTC orders had a strategic value, not just a monetary one. At this stage another major customer is not necessarily strategic. I have seen discussion saying that RNSs should not be used for marketing purposes although lots of companies do so and should just be used for strategic information. It just depends on where you draw the line whether something is strategic or not.

I feel we should also remember that these major customers take time to roll out CTC through their organisations, so although the name of the client may be impressive, the early to medium term revenue may not be.

[thebullyboy] 13/6/2016 12:53

Yes, unfortunately the static share price and director buy suggests to me no major announcement soon. I am sure all material items have to be announcement.

[jadeticl3] 13/6/2016 11:26

BullyBoy, are you arguing that, therefore the deal cannot yet have been completed?

[thebullyboy] 13/6/2016 09:06

I am not convinced a CEO can sit on news of major contract and deal in the company's shares or even deal ahead of an immediate deal, we are only a few weeks away from end of Q2.