Gresham Technologies Share Discussion Threads

[double double] 20/1/2017 13:22

Curious move today all of a sudden.

Well I saw the RSI was down quiet a bit after the "correction" so added 987 share this morning. Still adding as and when I can and plan to continue as I have as long as there is a nice cushion to fall back on!

[double double] 17/1/2017 13:13

May's speech I think for the retrace.

And recovers fast. A healthy retrace is always welcome.

[gottafly] 17/1/2017 10:15

Drewster - iii

[...]

[the drewster] 17/1/2017 08:54

There could very well be large buyers accumulating whatever they can below a target price ... which "service" told you 147k were traded//

[gottafly] 17/1/2017 07:56

Another busy day on the trading front - 147k and 35 trades. Still a total absence of any large trades, so what does that tell us? Either that there are no large buyers - which is unlikely given the Cantor note and 180p Buy - or that there are no willing sellers.

It seems that large holders are happy to sit on their shares and of course they have better information and access to GHT than we do. Perhaps the real key to this share price jump is a somewhat delayed reaction to the C24 acquisition and the additionalpotential/value that this brings to the CTC product line.

Time for Gresham to deliver on this potential, so Mr Manocha time to make it so!

[jadeticl3] 16/1/2017 13:10

I bought some of these for my son in law (his money) when they were 86p. Then bought some for my grandson in November at 114p (my money) because I was confident However, I thought I had sufficient so did not buy more for myself. What ridiculous logic! Still all three of us are smiling.

[noble3r] 16/1/2017 12:49

I'm excited about Clareti Platform breaking into Asia Pacific. C24 Tech will give the group some new exposure in this region and perhaps create some overlap and synergy for the Claerti Platform to create new financial service customers.

I remain excited about what new technology (innovation labs) the now combined companies can develop.

[amt] 16/1/2017 11:25

Yes its been very volatile share over the years.

[double double] 16/1/2017 11:04

Gresham has always trade up or down on little or no volume. I was expecting somekind of a healthy retrace but we have only just started trading above the 200 day average. Technically we could trade above this for a period of time.

Apart from my list above/previous post, the only other list/explanations I can think of are clients wins are taking place we have yet to be told of or 2017 numbers will/has been been revised up.

[richjp] 16/1/2017 10:59

As has been the case recently, it's going up on very small volumes. I suppose it's because the free float is limited.

No complaints though.

[double double] 16/1/2017 10:04

Wasnt expecting next leg up so soon! But still glad.

[the drewster] 16/1/2017 08:50

PE is high because there is still an anticipation that earnings will grow. That the PEG is less than 1 is enough to get some excited.
Alas, growth is rarely everlasting, so in years to come, the PE will settle in line with the sector and market ... but only crystal ball gazers can predict when that might be, and where earnings (and dividends) will be at that time.
I'd wager there are 3 or 4 years of "substantial" earnings growth here, at least.

Always good to remember Buffets quote: "When we find great companies, with great management, our favourite holding period is forever".

Be lucky.

[double double] 15/1/2017 22:43

.......and possible divs payments.

[qantas] 15/1/2017 19:36

Barclays stockbrokers

[richjp] 15/1/2017 18:59

QANTAS, where did you get the PE figure of 34 from?

The current PE according to the "Financials" at the top of this page is 50 and other sites are showing 46 and 50. Those numbers are probably calculated on the last full year results which were for 2015.

I think you may be looking at a forward PE estimated for 2017, which would probably have been calculated in March last year when the year end results for 2015 were announced.

[gottafly] 15/1/2017 11:57

I think the share price is about right now until we get some more news from GHT, presumably not before the week of March 13th and the annual report.

[qantas] 14/1/2017 13:44

PE Seems vary high now?

Date / Time: 13/01/2017 / 16:28

Bid price: 152.00 p
Offer price: 156.00 p

Dividend price: N/A
Dividend- Ex-date: N/A
Dividend yield: 0.00%
Dividend cover: 0.00

Latest P/E: 34.19
Latest PEG: 0.39

[richjp] 14/1/2017 11:28

I have a lot more confidence now as well. GHT is a very different company these days, but I suspect it has taken time for them to put the legacy of what went before behind them when dealing with potential new clients.

[double double] 13/1/2017 18:49

richjp, I see the 5 year and we get to a similar point. Surely that is confirming what we believe, hopefully. Gentle rise or a steeper rise I dont mind as long as it rises!

However, I have more confidence now than previous years, Gresham have, from memory, record revenues, cash and fee paying clients. If you recall, C&W signed up lots of clients but they were only providing information to the RTN platform. There were very few fee paying "subscribers".

I think Gresham are in a different place now and have a cash register to backup the rises.

[richjp] 13/1/2017 17:21

dd, you may have a point but I would take a look at a five year chart and you will see we are back on a rough five year trend, if you take out the previous highs around 140P a few years ago as well as the dip after the profit warning. That will give a gentler upward curve but maybe a more realistic one.

Unfortunately I think I said the same thing at the highest point reached around 115P in 2016! Obviously I am no chartist either.

[richjp] 13/1/2017 17:15

Gottafly, if a broker consistently posted unrealistic targets then yes, I think the broker might get a reputation.

I think that any particular target itself might be realistic, however I have never seen a broker target with a timeframe. I believe they are normally assumed to be twelve months, but that is merely an assumption and if nothing is actually stated the broker can always say it is longer term, although they rarely seem to get challenged on that. Let us remember the word “target” itself. Without getting into wordplay it is not the same as saying that someone has a strong belief that a certain result will be achieved. The broker can always change their target either way when a set of results come along and there are often wider market issues that can be blamed sometimes as well. All in all there is a lot of wriggle room.

Lots of broker targets are never met anyway. If they were we could simply make money by putting even sums of money, even if in small amounts, on every broker recommendation that comes along. On average if you did that say on a hundred consecutive recommendations, you should come out ahead. I don’t think I have ever heard of anyone suggesting such a strategy which must mean something. Coming back to the issue of the broker’s reputation, I think that the reality is that these targets are often soon forgotten amongst all the market noise, so they can get away with it.

Of course it’s great that Cantor have come up with their GHT forecast, but I would treat any broker forecast somewhat circumspectly.

[double double] 13/1/2017 16:31

Not a chartist by any means, still need confirmation but we may have rejoined the gradual rises that started from August, September and October 2016.

[4-10] 13/1/2017 16:28

Just a point of interest GottaFly - you do know you can edit postings here?

[gottafly] 13/1/2017 16:11

Sorry the 108p shoulkd have been 180p.