Gresham Technologies Share Discussion Threads

[tacticaltrader] 07/12/2017 17:07

Trying to find out info on the roadshow. Where/How did this event get publicised? RNS / Twitter etc ? the only reference I can find to it is on this board.

[gottafly] 07/12/2017 16:58

Perhaps it is a plot by Qantas to win the end of year share price contest - 156p I believe.

More seriously, I agree dd that this underlines a pretty poor GHT communication strategy. I have made this point to GHT on several occasions, apparently they have quarterly internal staff meetings so what is wrong with an investor news letter!

This lack of information means it is all very much a guessing game. What we do know is that on 4th October we had a full RNS quoting trading in line and two important CTC wins and there has been no information since.

DD, I know you think the Cantor roadshow was of no consequence but the timing, immediately prior to the GHT year end, is very unusual, there has to be story behind it but with GHT it could be 'anything'.

I think the worst case scenario is that the current market forecasts will not be updated and that we are stuck with '2017 in line' and a 7% (much reduced growth) for 2018. Most of us on here do not believe these 'low' forecasts but the current share price price is pretty much in line with them.

The one thing that is consistent about GHT is the inconsistency, tea boy excluded. So, is it still possible that GHT will exceed the 2017 forecast - Challenger to Champion - it is looking less likely but you never know.

GHT, by way of the Cantor roadshow, are actively promoting the company, this is in my view is not the action of management that has lost confidence, in fact quite the reverse. If GHT were feeling under pressure it would be so easy to defer this roadshow to the normal time of post results.

As always DYOR but perhaps the Challenger to Champion initiative has been delayed somewhat and is now expected in 2018, perhaps this is what the published 'low' forecasts are all about - the view that GHT will 'happen' but later than the company expects.

With the 2017 numbers in the bag the Challenger to Champion would still be a good GHT pitch at the Cantor roadshow, as I said earlier I wish I was a fly on the wall.

[planit2] 07/12/2017 16:29

I think their price target is back in play.

[double double] 07/12/2017 16:11

GHT management please don't do anymore roadshows!

Where is that teaboy gone the share price was doing so well with him around.

[jadeticl3] 07/12/2017 15:42

On the assumption that no actual bad news has been released at the Cantor Road Show, this very steep fall in share price probably is the result of expectations like ours, namely that an upgrade would be declared by Cantor, or at least implied. Has anyone seen anything from this Roadshow?

[gottafly] 07/12/2017 11:00

Perhaps we will get some news/trading update at the general meeting on Monday, this meeting being to approve the Deferred Share Bonus Plan.

In the meantime the share price is certainly slipping south although this would appear to be good news for the GHT employees who participate in the bonus plan. So you could surmise that a short term drop in the GHT share price is beneficial to GHT employees.

[double double] 07/12/2017 10:54

Its not me its the share price

[gottafly] 07/12/2017 10:36

dd are we all doomed! You seem very negative.

[double double] 07/12/2017 10:08

No news from the "roadshow", it was an exercise to justify their fees to shareholders at an AGM, not unusual for brokers to do this.

It looks like the market was also looking for news around now. I am sure the company is doing good its just the way its run these days with no communication to investors.

I think that long standing uptrend from August 2016 maybe gone unless we recover.

[double double] 06/12/2017 13:12

Gottafly read your last sentence on 6835 your answer is there. We all complained about the so called 2018 forecasts. I had hoped they would let the brakes off by now. No doubt they know what they are doing one hopes. I still forecast good growth for next year and not a decline.

[gottafly] 06/12/2017 12:36

dd you seem rather down beat, it wasn't long ago you were thinking that your 260p share price prediction would become a reality.

[double double] 06/12/2017 10:09

The steeper uptrend has gone and now testing the trend we started in August 2016. Against the backdrop of the good iterims I am sure/hoping this will hold.

Gottafly the share price is saying dont hold your breath. This is another token gesture like the summer road show to justify their fees. I find it bizarre we are in the midst of a fintech revolution and the company and its brokers dont seem that interested in promoting the company, its not acting like a tech company.

[gottafly] 06/12/2017 08:30

Well today is the day of the Cantor Road Show, would love to be a fly on the wall. The Road Show will promote GHT as an investment so one can only assume that Cantor believe GHT is a buy at the current share price level which is curious because it is currently above their last forecast (£180p).

Oh for some updated forecasts!

[gottafly] 01/12/2017 13:33

Qantas I think we will see a trading announcement early in January (as has been the case in the past) so yes not long to wait but still curious timing regarding the road show.

[qantas] 01/12/2017 12:38

Gotafly not long to wait till March for full years results.

[gottafly] 01/12/2017 11:37

We have often said on here that GHT are not good at communications, particularly with regards to private investors. I accept that their market segment has a high level of confidentiality so information is likely to be somewhat scant or restricted, that said I think communications remains very much a 'to do item'.

We should therefore see roadshow as a positive even if it gives no 'direct' real benefit to us private investors who I presume would not be able to attend. I repeat that GHT stated Cantor were appointed joint brokers to promote the stock in NA and this is clearly what they are doing but the timing (just prior to the year end) seems very odd.

We also have a 'noticeable' drop in the share price to a 189.50, it was only a week or so ago that a large trade went through at 200p. The current share price level is still ahead of the published Cantor forecast of 180p, again I think most of us on here think we are very overdue a brokers forecast revision.

We have seen the share price drop off before then rapidly bouncing back stronger. Of course the lower the share price then the more compelling the GHT Cantor pitch will become, dare I say GHT could begin to look 'cheap'. The only conclusion I can come to (as always DYOR) is that Cantor will issue a revised forecast as part of non-deal roadshow since why promote a stock that is currently trading above their forecast!

[double double] 01/12/2017 08:53

If there was anything "significant" and "material" it would or should be announced immediately and not kept for a road show in a few weeks time. As usual others will come on and tell me theres a perfectly good reason for the company.....sometimes I feel this board is being managed for the company.

[richjp] 30/11/2017 19:15

Obviously the shares are listed here on the LSE.

If and I stress the word "if" there is announcement in New York of any significance I would expect an announcement or RNS here on the same day. I think that is stating the obvious as well.

[jadeticl3] 30/11/2017 17:01

Prices have dropped away recently so let’s hope that richjp’s “wonderingR21; is right, and that something great is about to go on general release!

[double double] 30/11/2017 16:34

Disgree most of the xmas stuff came and is coming from over there...
In anycase most investors are here and the shares are listed here on LSE to state the obvious.

[gottafly] 30/11/2017 16:01

richjp thanks for your input and wisdom. The timing of this roadshow is indeed strange and unusual, one can only presume that this has been correctly thought through. It looks like a joint sales pitch from GHT and Cantor to selected clients. So as I say strange but this is GHT we are talking about!

[richjp] 30/11/2017 15:20

double double, the point I was trying to make last summer was that Q3 overall tended to be slow from a sales perspective because holidays interrupt the sales cycle of meetings, proposals, revised proposals, committee and project meetings and getting the right people together etc. I was supportive of the summer road show as it was referred to, which was in fact a series of individual scheduled meetings with institutions and happened at the end of July.

Next week's meeting does seem a bit odd being so close to and before the year end, however it does suggest that they are confident in the results for this financial year. I also think Gottafly has a point with regard to holidays which I am sure most of us know are much less in the US.

In theory they should not be discussing anything next week, that is not in the public domain, so I just wonder if there is a major announcement coming up. I am not going to speculate on what that might be, but I think it would have to be more than just announcing a new order or two.

[gottafly] 30/11/2017 14:00

dd not sure I agree that the timing is that awful since Christmas does not have the same power in the USA, they certainly don't shut down for two weeks. As I said in my earlier post the time is intriguing and I presume there is a rationale to it.

[double double] 30/11/2017 08:51

Timing of this is awful just before xmas holidays, almost. Just like the summer road show was as richjp explained investors were on holiday during that time.

I did say they were going to start promoting the share price when they were ready, would not be surprise with a new note from the broker in December or early January. Obviously I had hoped they would start promoting the company earlier than this.

Technically we had a false dawn, it can happen, but I think we are very close to this turning soon.

[gottafly] 30/11/2017 07:44

Extremely interesting, thanks dd.

GHT explained when Cantor were appointed that N1 would not be replaced and that Cantor would provide a North American focus, it would seem that this non-stop road show is exactly that. We should also not forget that NA is the current GUT not market.

The timing is somewhat curious since these events are normally carried out immediately after a results announcement rather than immediately before.

As always DYOR but why do Cantor want to pitch to their clients before the 2017 results, could it be that now is the time to buy prior to what Cantor see as an inevitable share price price hike?