Gresham Technologies Share Discussion Threads

[gottafly] 06/1/2017 15:44

richjp, one further though, if Hambro had to sell to to their rules/the share price increase, would they not have sold 150k shares to a large investor rather than in job lots to PI's. Surely with the Cantor brokers note and 180p buy there are a number of institutions lined up to invest, or is 150k too small a position. I confess my ignorance of these things but it looks like a curious affair.

[schytalk] 06/1/2017 15:35

Great feedback, thanks guys, keep it coming, most educational.

The Techinvest thought is very interesting, we shall see.

[richjp] 06/1/2017 15:23

Some institutions have very strict rules which prevent any one share becoming too large a percentage of a fund or portfolio. If therefore the share price of a share holding has had a good run then the institution may need to top slice a little because their own rules demand it, irrespective of the ongoing investment case.

Institutions can be a bit more pragmatic than some of us emotional PIs.

[wh1spa] 06/1/2017 15:19

edit - Is it ?

[wh1spa] 06/1/2017 15:19

is is this weekend that Techinvest issues it Naps etc. Be interesting to see if this ticks up before close.

[double double] 06/1/2017 15:10

You often get insts trading shares, not unusual.

As for trades at strange prices...
I saw that yesterday, I think they are managing large order(s) but cannot work out if its for a buyer or a seller. Either way the shares will find a new home.

[schytalk] 06/1/2017 14:44

Interesting RNS re Hambro seems they have sold 159814 shares which is a strange number since they previously held 6.8 million having only just recently acquired 150,000 on the 11th. Nice little profit there since I suspect these were bought at about 112p.

Given the odd number of shares sold it looks like they were the sellers of a lot of the stock yesterday, which was in many small lots and presumably ended up with private investors. Are these guys providing a share bank, dd I am sure you will have an explanation.

The current iii bid/offer spread is 138/143 and yet the trades gone through today are 140/142/142.1/144.75, the last trade being 142.1 and the trade at 142 being only 400 shares. Seems there is an attempt to cool the price rise or is it one of these 'Gap Up' things, dd your wisdom please.

[4-10] 05/1/2017 20:33

rich tell scotty to engage the warp drive.

[richjp] 05/1/2017 18:45

Slow down captain. She cannae take any more.

That was supposed to be Scotty from Star Trek

amt, I am sorry to hear that you sold out. As I said recently small cap stocks can move suddenly either way and you unluckily seemed to be just on the wrong side of the move.

crazycanuck, I am a bit like you in that I would not mind in some ways if someone bought them out. Maybe that's because I am now seventy and although I am I good health, touch wood, a lump sum could be quite nice.

There certainly seems to be something going on although I still think it might take several attempts to break through the 140p resistance.

[amt] 05/1/2017 17:39

Yes its looking like turnover for year will be on high side of expectations say 17.5m plus anything from the acquisition.

[gottafly] 05/1/2017 17:07

Well according to iii, 34 trades today and a respectable volume of 213k.

Very little activity this afternoon with only two trades past 2.18 pm.

Reckon there could be some off market activity.

[double double] 05/1/2017 16:30

Something strange going on all trades seem to be going through around the 144p mark.

[noble3r] 05/1/2017 16:03

I'm guessing a chunk of trades will be reported after market closure.
Its eerie silent after this morning's excitement

[gottafly] 05/1/2017 11:51

dd, thanks for the info as regards gaps/gap up etc. Is this information from the planet ZOB? Sorry, only jesting but it seems a mystery to me. Anyway today with the share price in the mide 140's we are getting a volume of trades, look like a level where some are willing to sell out/cash in. So I guess we will see a pause in the share price rise, at least for the time being. The share price is getting close to where it should be in my view. I think this also puts some pressure on an earlier trading announcement, early Jan was suggested on here and that would be good.

[double double] 05/1/2017 10:05

Anyone going to revisit their ye forecats.

I am sticking to my ye target of 260p and depending on brokers forecasts for 2018 I may be tempted to raise this.

I think the rise is so strong is because we are on a pe of 23 for this year!

And perhaps Techinvest has come out? They are solid supporters.

[schytalk] 05/1/2017 09:01

Well yes the share price up 4p this morning. Could it just be that the good news of December happened whilst people were asleep (doing Christmas) and now that they are back to work have taken notice, is it as simple as that, is Cantor trying to get clients into the stock but there is little free?

crazycanuck, you are correct that an obstacle to sales is the size of GHT, having said that they are stable cash wise (and no borrowings unlike some of there competitors - D+H for example), have been around a long-time, managed a controlled wind down/exit from RTN (no dramas) and have a new CEO who was appointed to solve that very issue. Whilst currently small (not for long hopefully) I think history shows Gresham is a trusted partner and probably much more stable than a Fintech alternative.

You have mentioned POC's and this has rung a bell from a conversation I had a little while back, it seems that POC is very much the norm at the moment. I believe that Gresham are involved in a number of fee paying POC's, if you get to POC stage then the sale is made subject to delivery/performance of course.

If you look at the services line, this is growing strongly and yet a major feature of CTC is the ease/low cost of deployment, for implementation/POC services must be expanding rapidly. So services numbers from the GHT reports:-

H1 2015 .6 million
H2 2015 1.3 million
H1 2016 1.6 million
H2 2016 2 plus million ????

If we have continued strong services growth then this would again suggest that the expected 2016 numbers are on the conservative side, could we see £18 million?

To illustrate the point where service lead sales, here is a quote from the trading update of the H1 2016 report:-

"As anticipated, since 1 July 2016 the Group has signed a North American Tier 1 bank and expects to be able to recognise revenue from this important new win later in the second half of the year once contracted milestones have been achieved."

[double double] 05/1/2017 08:05

It looks like that 140p will be shot today. And still no RNS.

[crazycanuck] 04/1/2017 19:53

1999 was a good year as ght bought circa the year before. There were over a hundred contractors working on various y2k and euro projects.

I can't understand the sudden price rise but suspect the cantor rating has something to do with but can't fathom how they arrived at that number unless they obviously know something that we don't.

The 2 new sales are good but they're tiny in relation to what even Gresham term as big (approx 5m over 5 years). I suspect a good deal for client as Gresham needed some sales to hit targets. What I have heard is that the product is excellent and loads of pocs in play but they must be struggling to convince clients to buy. I'm hoping I'm wrong as I have also been a very long time holder and to be perfectly frank, have always hoped someone would buy them.

[amt] 04/1/2017 19:17

Feeling a bit annoyed after 16 years with a large stake I sold out too soon. Anyway cannot complain as made money on it. I wonder if the rise is takeover speculation. The pe is very demanding. Shows how the stock market is very much sentiment driven. This was until 6 months ago one of my lock it away for 10 years shares but I got nervous over the poor financials and with some disasters over the years decided the risk was too high.

[richjp] 04/1/2017 18:53

Perhaps the share price was being held down but it does not make sense that it has shot up recently the way it has. Did somebody mention inside information?

Perhaps the trading update is imminent. My first thought was that this would be too quiet a week to give a TU, but on reflection there will be a deluge of them from next week onwards as so many companies have December as their year end and for a company the size of GHT, assuming the TU is positive, they could get more attention by announcing this week.

I shall certainly be checking for an RNS first thing tomorrow just in case.

[schytalk] 04/1/2017 16:21

I have said for some time that 150p is where the price should be. The Cantor note at 180p supports that. I expect the full year numbers to be at least as forecast but real interest, as far as the future is concerned, will be in the detail.

I am sadly if a suspicious mind and that the share price was being held, but why? and now why are the brakes suddenly off?

[4-10] 04/1/2017 16:12

now we just hit a 13p rise on the day that has to be a record in "modern times" for GHT

[4-10] 04/1/2017 16:09

D2 just checked the bargain date was definitely 27 June 99, stupidity is probably a better description I should have at least sold half - but there you go you never know when you reach the top until it goes down LOL.

[noble3r] 04/1/2017 16:01

respect 4-10, holding onto 140p stock even when the price reached 450p. 500p party not quite ready to be organised just yet.