Gresham Technologies Share Discussion Threads

[richjp] 30/4/2017 14:59

A Kestrel director, Max Royde, was actually on the GHT board for a number of years, until standing down within the last twelve months. That never stopped Kestrel acquiring stock during that time and I don't think that will be any different in the future.

After the major shareholders, the free float in GHT is quite small, so if Kestrel wanted to acquire a bigger stake they would probably have had to have paid over the odds at the time.

I agree with your rationale for the future by the way.

[tacticaltrader] 30/4/2017 11:05

Just stumbled across GHT whilst researching Kestrel's fund. Compared to other holdings they have value wise (i.e. AMO) their holding here is a good deal smaller. I wonder if having a connected person on the board - currently Errington - is hampering them from picking up cheap stock when perhaps they are privy too a deal being struck or such like. If that is the case it would be reassuring to see them increasing their holding after he has left the building.I will be making my first purchase next week and at this price will probably look to acquire 40,000 shares total over time. The rationale is that this is now a "Global" business with very sticky contracts (once these financial institutions switch over they are very unlikely to look elsewhere ) and has to be a massive takeover target for the much larger capitalised companies out there. Well here's hoping anyway!

[double double] 24/4/2017 16:19

I am pretty certain someone posted here or maybe on III at the time of the AGM about future announcements of client wins and how they would use RNS and press releases on their website.

Last year they announced a Q1 TU but on 7 April. So much for this new communications strategy, they cannot keep up with what they did last time. If they do end up with a few lines disguised as Q1 TU along with an AGM statement next week, it will only prove how they still dont have a "communications strategy".

I am pleased other shareholders also want regular updates from the company.

[richjp] 24/4/2017 15:49

dd, I was at the investor presentation and I cannot recollect any commitment that tier 1 clients would be announced by RNS.

There was a cross table discussion with various opinions expressed. GHT acknowledged that their communication could be improved and they seemed to listen to one or two suggestions.

My complaint was that there was no autumn trading update. I would hope to see a Q1 trading update and maybe there will be one on the morning of the AGM next week. I was not intending to go to the AGM this year as I usually do,as I felt comfortable with the way things are going after the investor presentation. If there is no TU on the morning of the AGM however, I may go along and ask why.

[double double] 24/4/2017 13:30

I thought we had learned from the investors presenatation that tier 1 clients wins would be announce via rns and any other via press release on their website.

We are only weeks away from half year and we "seem" very quiet on the announcement of new client wins front, I had expected a step change in client wins this year.

[jadeticl3] 24/4/2017 11:40

DD. By "no new client wins" I presume you mean "no announcement of new client wins". I am still not sure that we know what this company will announce.

[double double] 24/4/2017 08:55

It was hanging for far too long and with no new clients wins for a while not surprise by the drop this morning.

[double double] 18/4/2017 10:08

Never known this board to get this controversial. Obviously feelings are still high regarding the past. All the more reason for this Board to start delivering for long suffering shareholders.

In the meantime, FINTECH seems to have gone mainstream, as both the BBC and SKY news were covering FINTECH week here in the UK just before the holidays. I mentioned some months ago I hope Gresham do not mess up this opportunity/wave. We should be making the most of this FINTECH revolution now and in the next couple of years. £100m market cap is still too small for a leading company in a wave of a banking revolution.

[gottafly] 14/4/2017 08:35

richjp

Your recollection of the past events is somewhat coloured, seems that you think that as Errington was CEO then all that was good was down to him. If you had real inside knowledge you would know this is not the case. He got the CEO job by default (nobody else was a candidate) because GHT was in such a mess (created by Wlaton-Green and assisted by him).

I accept that Errington can control costs and manage cash flow but that is really it. In reality he had no choice but to stay and try and turn things around because the reputation of GHT and his was in tatters, as Financial Director he was hugely cuplable.

GHT survived because of the legacy revenues and the activity of Max Royde who engineered the appointment of Ken Archer in 2010. It was from this point that GHT had vision and leadership which in 2012 resulted in the launching of CTC in 2012.

I would also point out that no matter how good (or bad) the board of directors are, they are relatively powerless unless supported by a talented and hard working staff. Whilst the current board I am sure can steer GHT to great things, it is the staff that will make it so. GHT has come a long way under the tutelage of Ken Archer and the great staff he has attracted.

[richjp] 13/4/2017 17:22

On a more positive note, Techinvest have reiterated their strong hold opinion in their current issue.

[double double] 13/4/2017 17:22

If we noticed this then you can be sure institutions will also notice it and would have made enquiries and got answers. Unfortunately we will be the last to know. Its just the way it goes. But hopefully we will also know and before or at time of the agm.

[richjp] 13/4/2017 17:21

Gottafly,

Following this week's announcement I hope you will finally stop slagging off Chris Errington. You have done it many times before and it seems to be some kind of personal antagonism that you have.

For others that might want to listen I think he did an excellent job whilst he was CEO. He was the third CEO in the space of about two years. He provided continuity for both the existing customer base and the staff of GHT. He managed to steer the company through a difficult period with limited finance. He was also in charge when the first all important CTC deals were signed and also when those orders were successfully technically implemented. I think that is quite some achievement in the circumstances.

With regard to what you refer to as GHT's almost extinction, it was the whole concept of RTN that turned out to be flawed in my opinion. I have hands on experience with nostro payments and although RTN seemed a great idea at the time it turned out not to be the case. With the wonderful benefit of hindsight I thank I can see why. I think the directors were right to pursue it given the reception that RTN initially received. It was not the marketing of RTN that was wrong, it was that the market did not want the service.

Certainly I agree there may be no place for CE in the future with GHT, but the company might not be in the strong position I believe it is now, without his efforts.

[4-10] 13/4/2017 16:53

Yes DD it looks very odd and its been going on for days now.

[double double] 13/4/2017 14:00

Plenty of RNSs but not the ones we are looking for.

Both purchases and sales have been going through at 155.00p. Something doesnt feel right, not a normal market. I hope the share price is not being deliberately kept depressed for another friendly fund raising.

[gottafly] 11/4/2017 09:32

I agree that Errington had a role to play but he was very responsile, with Walton-Green, in bringing GHT to its knees and almost extinction. He has been very richly rewarded for his incompetence, I accept he was necessary for a while due to his knowledge of all the 'c@ck ups'.

Anuway let us look forwards to the future and put Errington firmly in the past because that is where he belongs.

[double double] 11/4/2017 09:01

You have to give credit to Chris and others for getting CTC off the ground, they did the heavy lifting. I cannot imagine how hard it must be for a small company to get a leg in and replace old products in dinasour like companies that they have to deal with.

[gottafly] 11/4/2017 08:55

Great news that we now have a another proper non executive and given his background, including Smartstream, he will I am sure make a very positive contribution. Another appointment that confirms the positive direction of GHT. I for one will not miss Errington who was competent at best and woefully out of his depth.

Another tick in the box.

[double double] 11/4/2017 08:10

That last few announcements suggests to me the company is not about to come to a juddering halt in 2018. The forecasts for 2018 are mischievious at best.

"as we pursue our Clareti-led strategy to deliver significant profitable growth."

[double double] 11/4/2017 08:07

11 April 2017



Gresham Technologies plc

Board changes

Gresham Technologies plc (LSE: "GHT", or "Company" or "Group"), the leading software and services company that specialises in providing real-time transaction control and enterprise data integrity solutions, announces the following Board changes.

Andy Balchin will join the Board as an independent non-executive director and chair of the audit committee with an effective date of 15 May 2017. Mr. Balchin will also join the remuneration and nomination committees. Mr. Balchin is currently chief financial officer at Clearswift, a provider of cyber security solutions, now part of the RUAG Defence group. He brings significant financial experience in high growth software companies, including Smartstream, SeeBeyond and Documentum. Mr. Balchin is a chartered accountant and has recent experience working in a private equity environment, in M&A and IPO transactions, as well as in external audit during his early career.

Chris Errington, non-executive director and current chair of the audit committee, will step down from the Board on 31 May 2017. Mr. Errington has been with the Company since 2004, and the Board wishes to recognise Mr. Errington's enormous contribution to the Group over that period, in particular his key role as chief executive between 2010 and 2015 in initiating and delivering the CTC-based strategy.

Ken Archer, Chairman, commented:

"I am delighted to welcome Andy to the Board. Andy has significant experience in high growth companies from his current and previous executive roles, and he will bring fresh skills and constructive challenge to the Board as we pursue our Clareti-led strategy to deliver significant profitable growth.

I would like to thank Chris for his many years of loyal service to the Group. He has made a tremendous, transformative contribution to the Group, and he leaves with our warmest wishes as he pursues his other business commitments and interests."



Regulatory disclosures

Andrew Mark Balchin, aged 56, is not currently and has not at any time in the previous five years been a director of any other publicly quoted company. There is no further information required to be disclosed pursuant to Listing Rule 9.6.13 R in relation to Mr. Balchin.



Enquiries


Gresham Technologies plc

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Ken Archer





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Rob Grubb












N+1 Singer (Broker)

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Shaun Dobson





Lauren Kettle

[jadeticl3] 10/4/2017 13:20

No end of quiet excitement and painting of potential, but with the numbers as they currently stand there is not the wherewithal for the share price to rise, or so it appears to me.

[double double] 10/4/2017 08:47

It appears the new communications strategy doesnt include quarterly updates. Next possbile update at time of AGM in May.

[double double] 05/4/2017 16:23

More importantly than the new hires, others are knocking on our door

"We are also seeing strong interest from other industry solution providers to partner with us,...."

other US providers perhaps and hence why US hires

probably stating the obvious

Also noticed they announced it at around 2.45pm, trying to make impact in the US when markets opens.

[schytalk] 05/4/2017 16:16

These are two potentially huge new hires, especially Burchenal who will have the no mean task of helping to bootstrap GHT into the big time. This is key to breaking out of the limiting niche provider tag. I wish them both well and every succes, exciting times ahead in 2017.

[double double] 05/4/2017 14:08

Gresham announces senior appointments in New York
5 April 2017

Strengthens North America sales and accelerates global alliances and channels

London & New York, 5 April 2017 – Gresham, the leading software and services company that specialises in providing real-time transaction control and enterprise data integrity solutions, has strengthened its business development team with two senior appointments in New York. Jan Dinger joins to lead the North American sales operation and John Burchenal to build and lead a global alliances programme.

The new appointments build on the recent strategic new wins in North America, as well as capitalizing on the fast-growing reputation of the company’s Clareti platform within the financial technology industry.

Bill Blythe, Global Business Development, Gresham says, “We’re delighted to welcome Jan Dinger and John Burchenal to the team. They bring with them a wealth of experience that will help us realise our global ambitions in the FinTech space. The North America market presents significant opportunity for Gresham, with strong demand for newer more agile technologies as financial services firms come under increasing regulatory pressure to get their data under control. We are also seeing strong interest from other industry solution providers to partner with us, and forming the right strategic alliances and relationships will be important for the company in the future.”

Dinger brings 15 years’ financial technology sales experience and joins Gresham from Advent Software who offer portfolio management, STP and trade order management solutions to investment management firms. During his 10 years at Advent he worked in EMEA and in the US, where he has been for the last three years, leading the strategic accounts team in New York.

Burchenal joins from ICAP, where for the last five years he has been running the strategic partner programme for the Traiana business, developing relationships with market infrastructure providers. Prior to that he spent six years at Omgeo, the Thomson Financial/DTCC joint venture, as managing director of strategic growth. John brings a wealth of alliances, sales and financial markets experience to a newly created global role.

-Ends-
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[gottafly] 03/4/2017 10:22

dd, understand where you are coming from except I think analytics (and the much bigger development of data accelerator) are all to do with replacing batch processes i.e. real-time baseline position. So I think this does up the ticket price.