Gresham Technologies Share Discussion Threads

[schytalk] 25/3/2017 06:19

Nurdin whilst very confusing I think you will find that the date in the top right is in fact today's date, very very misleading. So yes old news I reckon as RD said.

[richjp] 24/3/2017 14:54

nurdin, maybe that publication just needed to fill a bit of space. Rapid on boarding is something GHT have been promoting for a long time now.

I will be interested to see what Techinvest have to say in their April edition assuming that they have a comment to make. In the March edition, published after the trading update but before the full results were announced, they were very positive and had the shares as a "strong hold" at 155P.

I am sure they will be positive about the future but whether or not they upgrade their strong hold view will be interesting.

[nurdin] 24/3/2017 12:02

Hmm..in that case dont understand why the article I posted is dated 24 March 2017.

[double double] 24/3/2017 11:57

Here is the original announcement on Gresham's site.

hxxps://www.greshamtech.com/gresham-computing-releases-ctc-1-3-offering-rapid-on-boarding-of-financial-products/

[nurdin] 24/3/2017 11:52

Look at the top right hand corner of the article.Its dated 24 March 2017.Thats why I posted..unless it is a rehash..or stating todays date!

[double double] 24/3/2017 11:23

I think this news is actually quite old from 2012.

[gottafly] 24/3/2017 10:37

Interesting that the high value of shares traded in August 2016 - the highest for over a year, over £2 million - seems to coincide with the lowest share price over the last year.

Inside knowledge or devine powers?

[double double] 24/3/2017 09:08

I am a very amateur chartist at best!

I am sure you are aware we are at the dry season for news so no surprise at the stalled share price and volumes. Next TU is expected in July, last year it was announced on 25th but as the last TU was brought forward by few weeks perhaps the next TU will also be brough forward. But in the meantime we may get the odd client win and perhaps even a tier 1. Fingers crossed.

[gottafly] 24/3/2017 08:50

DD you are a mine of information. I think you are a bit of a chartist. On the GHT LSE website there is a trades tab for both value and number of shares traded -

It shows heavy trading (well relatively) in January and February but much less so in March. When you look at the value traded you get high figures in August and October 16 which are much higher than Jan/Feb/Mar 17 and the value profile for this year is one of steadily declining after a big spike from December 16. This seems to reflect the currently stalled share price, any thoughts and wisdom?

[double double] 24/3/2017 08:27

A large trade reported late yesterday 166K @ 156p. Could be a buyer that has been picking up sales that we have seeing at 155p.

[gottafly] 23/3/2017 09:29

DD agree that the share price is pretty much stuck where it is and further good news, remember we have had loads in the last few months, will be needed to move the share price In my view the 2018 forecasted figures.although I think extremely low ball, is having a big effect on the share price and holding it back. IF GHT are, as reported maxed out and going great guns, then more good news should be released soon.

[double double] 23/3/2017 08:39

Bearing in mind there are lots of sells going through at the bid price 155p so the selling pressure continues....

But our rising wedge is still intact, just. We need a meaningful RNS to break to the upside, we had a dip to 135p and recovered.

However we really do need to start moving up soon.

[4-10] 21/3/2017 17:47

If this was an end of year forecast for Dec 2017 then I think my number is still good maybe a tad low. LOL

[double double] 21/3/2017 11:50

Looking at how the share price behaved last Dec/Jan, I think my 260p may straddle into Jan 2018 upon a TU. On that basis I will edit my end 2017 to 220p.

75p crazycanuck
199p jadeticl3
199.50p shytalk/gottafly
200p noble3r
200p richjp
207p inforprofit
220p double double
280p 4-10

[schytalk] 21/3/2017 11:12

Ok just a little reminder of our share price pricing predictions for GHT.

At the close of 2016 - when we were making our predictions - the share price was 127.63p

175p crazycanuck
199p jadeticl3
199.50p shytalk/gottafly
200p noble3r
200p richjp
207p inforprofit
260p double double
280p 4-10

Anybody want to have a rethink?

[miti 1000] 21/3/2017 11:09

This takeover talk is too fanciful for my liking.

The story is only about CTC for the next year. Everything else produces very little income part from legacy.

New Tier One wins in the US, more hedge fund CTC wins and producing strong cashflow is the story.

[gottafly] 21/3/2017 10:48

Richjp, fair enough but I think this humble bulletin board does not have that kind of influence although I would be surprised if GHT did not monitor the contents.

My concern with GHT remains, that there is a fantastic opportunity but can GHT make it happen. I believe that you were at the presentation so would have got a feel for the managements postion.

Without first hand knowledge I remain of the view that things are a little too comfortable for GHT, the N1 forecasts seem to be on the low/modest side although apparently their brokers note is full of positive language. The trouble is when you aim low that tends to be what you get.

I am sure GHT are very mindful of making the numbers after the fiasco that Errington presided over in 2014, this executive team thus far have a good but not exceptional record.

For example, the 2016 numbers were only just achieved but if you look at the 2015 annual report that was exactly what was forecast - no over achievement - so delivery accomplished. If you look at the 2016 report, by comparison there appears to be an expected bonus level paid to the directors of 8% so I suspect the real internal targets are some 10% above those published, so in the ordinary course 2017 will be an over achievement year which makes the 2018 figures all the more strange.

However, the sentiment on this bulletin board seems to suggest that 2017 will perhaps be the break through year - from Challenger to Champion is the aim for 2017, in which case the forecast will be of no consequence.

[double double] 21/3/2017 10:32

let me start a bulletin board, talking of take out price..... :-)))

The instituitions that have stayed with Gresham over the decades could have sold out in the spike when the share price was around 300p+ for a while around 2003/2004 but chose not to. Then RTN failed but they still held on, perhaps like us investors here, they recongised there was an opportunity in this sector for automation and Gresham was best placed for this. I am sure the Board appreciate the support they have got over the decades from their investors.

Gresham is a different beast now, I can see Gresham a bid target from next year as it sounds like Gresham will have a complete product suite, ever growing clients list, and a growing cash pile.

[richjp] 21/3/2017 10:06

Gottafly,

When I was making my post last night I thought to myself that I would not mind betting that you would ask me to name who I thought might be potential bidders.

I am sorry but I do not want to encourage that kind of speculation. That is how bulletin board rumours start. My suggestions might be wrong anyway.

The main point I was trying to make was that if a bid were to come along, which I hope does not happen at this point in time, there could be a number of potential bidders thus hopefully leading to a better take out price.

[gottafly] 21/3/2017 08:13

From Tech Market View, interesting comment that Continental European sales have advanced strongly in the first part of 2017.

Gresham Technologies building momentum

logoFull year results today confirm the excellent progress over the past year. This newly-christened provider of real-time transaction control and data integrity solutions (formerly Gresham Computing) returned revenues up 16% to £17.2m and Adjusted EBITDA ahead by 41% to £3.8m.

Central to the growth of Gresham Technologies is the Clareti Transaction Control (CTC) software which delivered 11 new customer wins throughout 2016, with revenues from this solution up 42% to £7.5m. Newly acquired C24 Technologies added £0.3m of revenues, bringing 35 new customers to the Group. Revenues elsewhere in the Group, from the legacy licensing and services business remained stable.

The investment in sales and marketing over the past 2 years is paying off. In the US, the group had success in Financial Services, with a hedge fund becoming the first client for the cloud-delivered version of the Clareti solution, and growth in the asset management sector. In late 2016 a Tier-1 bank bought the CTC offering to support a major transformation of its data operations. The US looks as if it will be the source of significant growth. The Asia-Pac operation is currently focused on a Singaporean bank and on sales to and through ANZ. The UK business remains strong, with growth in the hedge fund and on-line trading sectors as well as growing momentum in insurance broking and now commodities trading. Continental European sales have also advanced strongly in the first part of 2017.

The broad range of use cases for the CTC solution and the “stickiness221; of the solution can provide the management with substantial confidence in terms of growth and improved margin throughout 2017. The addition of C24 and the push to develop new applications to extend the capabilities of CTC should ensure further profitable progress, particularly in the financial services sector.

[gottafly] 21/3/2017 07:33

Sorry for the typo - Richjp - the request was for you to share some potential bidders who are presumably GHT competitors. Also from my experience sometimes a company is acquired to strangle the technology and remove a competitor.

[schytalk] 21/3/2017 06:39

Richmond thanks for the further insight to the presentation, seems BUT remains product and do not want a repeat of 2014. As regards an acquisition could you make those potential bidders please, it would be interesting to research exactly what they are up to in GHT's space.

[double double] 20/3/2017 20:25

I mentioned last week the share price was hanging and when that happens the share price usually retraces. We had a wobble and the share price dropped to 135p but has since recovered. The board seem confident on a step change in client wins this year. Perhaps that is why share price is holding so far. Agree, as current years figures firm up so will the share price and additionally i would not be suprised with an upgrade from N1 for 2018. Next TU should be in early so not long for confirmation of business so far.