Gresham Technologies Share Discussion Threads

[double double] 07/2/2017 14:32

It may be strategic but small in monetary value, would be my guess why it was not announced via RNS.

[nurdin] 07/2/2017 13:53

double double..your post 6239.Surely that news is worthy of an RNS?

[nurdin] 07/2/2017 11:16

Not keen on posting here miti? lol Or some afterthought?

[nurdin] 07/2/2017 10:13

Hey miti..good to see you here too ! I took a small position a few days ago whist I cleared up some issues that have bothered me.I am happy with the companys response so will start building a more decent position now.

By the way I didnt post the full contents of the email as they were not relevant to my main concern but looks to me they have plans to materially increase their presence in the US which currently accounts for only 10% of their business.

[nurdin] 07/2/2017 08:19

I sent an email to the company yesterday expressing my concerns about Donald Trumps deregulation policies and how it may affect GHT.

Got a nice reply this morning saying the following:



'We are aware of the Trump administration’;s policy of deregulation. Whilst it is impossible to predict what the outcomes might be at this stage, change in regulation generally presents new opportunities for Gresham, and as a provider of the latest, best of breed technology, we believe that Gresham is better placed than most of its competitors to take advantage of this.'

Nice reply and I am sure they wont mind me posting the message here.

[double double] 07/2/2017 08:17

The last paragraph says to me it is no longer only a regulatory requirement that companies adopt CTC or similar but also a business need.

[double double] 07/2/2017 08:05

Leading European bank selects CTC for greater financial and risk control
7 February 2017

London, 7 February 2017 – Gresham, the leading software and services company that specialises in providing real-time transaction control and enterprise data integrity solutions, is pleased to announce a strategic win in the European banking sector.

One of the largest financial service providers in Central and Eastern Europe has selected Clareti Transaction Control (CTC) to provide greater control and integrity within their treasury function and capital markets business, covering foreign exchange (FX), over-the-counter (OTC) trading, exchange traded derivatives (ETD) and inter-company transactions.

Ian Manocha, CEO, Gresham says, “This is the first customer win for our new continental Europe sales office which we opened in September 2016, and is an indication of the potential we see for our technology in Europe’s regional banks.

Irrespective of whether you are a global, regional or niche financial markets player, being in control of your data is a business imperative. It is a time of unprecedented change and uncertainty in global markets and firms cannot afford to be constrained by inflexible monolithic systems or by spreadsheets and other manual intensive processes. The Clareti platform gives firms confidence in the integrity of their data and helps them be more agile.”

-Ends-

[double double] 06/2/2017 11:17

I think post 6237 sounds like a classic Jim Slater formula for a growth company.

[the drewster] 06/2/2017 09:58

Repeat revenues, massive potential market, regulatory changes driving growth for quite some time to come ... PE c.25, growth c.50%, PEG 0.5 - the attraction of the shares isn't difficult to see.

[double double] 06/2/2017 09:37

Thanks nurdin. 80%+ gross margins! Explains the high level of cash at year end and no wonder most people expect very exciting years ahead.

[nurdin] 06/2/2017 09:23

Here is how SCSW concluded its tip over the weekend.

'For the current year to 31 December, Cantor Fitzgerald forecasts total sales to climb to £20.3m, up from £17.2m in the year just ended. Profit is set to climb from £2.8m to £4.2m if they are anywhere near the mark. Based on eps of 6.4p the shares may look expensive but further tier 1 wins are expected in the current year. The company already has direct sales offices in London, New York, Singapore and Australia and the 80%+ gross margins on software and very high “drop through” create an exciting entry point. Buy.'

[double double] 06/2/2017 09:20

A few of us here speculated that in a few years time any takeover would have to be around 250p. We are almost there.

[double double] 06/2/2017 09:09

I didnt expect the next leg so soon! I am sure I have said this before. But welcome. We are only 15p away from Cantors 180p. And near or very close to alot folks year end targets.

Just to remind some people why the share price maybe going up and up.

"Cantor Fitzgerald has initiated coverage on five UK-listed technology stocks which the broker feels all “stand before significant GLOBAL market opportunities.”;"

Ashton said he believes that financial data integrity solutions group Gresham “is finally ready to enter a period of strong revenue growth that should lead to sustained and strong FCF generation.”

He has an 180p price target on Gresham.

[nurdin] 05/2/2017 19:56

Thank you richjp...makes sense.

[richjp] 05/2/2017 19:10

nurdin, I am actually no fan taken of excessive regulation, however as a GHT shareholder the more of it the better!

Taken at face value I think Trump's actions are negative for GHT, although I think there is more to it than that. Assuming he succeeds in getting his proposals through I think many banks and financial institutions will still recognise the need for better ways of managing their data, irrespective of regulatory requirements, so the overall Trump effect may be minimal.

[jadeticl3] 04/2/2017 17:24

Hi Greedyslap, can you give us a flavour of the aspects of GHT that Small Company Sharewatch highlights to make it recommendable?

[greedyslapheadtrader] 04/2/2017 16:18

Tipped in the small company sharewatch tipsheet this weekend
The writer admits he own some himself too.
That's honest of him/her

[nurdin] 04/2/2017 11:08

A question for the experts here.How will Donald Trumps measures to lighten the regulatory environment in the US Financial sector impact GHT, if at all?

[double double] 01/2/2017 12:08

Thanks GottaFly.

Hopefully Gresham's centre of excellence can fill the gaps in the technology and wont need to buy in and we can enjoy years of uninterrupted growth.

Gresham, a company capitalised at only about £90m, looks like it is punching way above its weight amongst others in this area. Any of those very large competitors with very large wallets can afford to pay a billion dollars for Gresham.

The share price seems to be getting ready for another lift off possibly around time of announcement of the annual results in March, 180-200p looks a possibility if the trend started in August follows through.

[gottafly] 01/2/2017 09:50

The Chartis report makes fascinating reading.

On the one hand it highlights, in the Quadrant Chart, that Gresham is right up there as a category leader, just behind industry heavy weights Oracle, IBM and FIS. Interesting it is shown comfortably ahead of its 'sibling' Smartstream.

Also on page 8 of the report is the completenes of offering, with four high scores - Governance, Automation, Audit, Statistical Integrity - but all the remaining scores being medium - Discovery, Integration, Data Insight, Enterprise readiness, Data types, Alerting workflow, Semantic Integrity.

It would seem from the above that some significant development is needed to move these mediums to high but the next page - Market Potential - in part explains this development requirement because is scores Roadmap as high, also scored high are Customer Satisfaction, Growth Strategy, Enterprise Readiness (surprising given the above score of medium). It scores Market Penetration as medium (no surprise there but hopefully not for long) and also scored medium are Financials (should improve along with Market Penetration), Business Model (needs further investigation what is the issue here>), Multi Sector (already beeing addressed I thought).

Overall, a very encouraging read and further confirmation of GHT's market potential, all the management have to do is 'make it so'. Given this report, and the fact that GHT promoting it, must mean that GHT management are aware of the challenges and are presumably addressing them.

DYOR but all in all very positive.

[gottafly] 01/2/2017 08:25

Clearly GHT see data - the volume, variety, velocity and veracity - as an area where they can provide solutions, hence Data Accelerator and significant revenue expectation.

GHT have produced a White Paper and this is available from the web site on download.

Meanwhile, below is the news item post.

Gresham feature strongly in Chartis FinTech Quadrant™

This Chartis Data Integrity and Control in Financial Services report provides an independent evaluation and description of Gresham’s leading practices and competitive position. The analysis by Chartis is based on information in the Chartis report ‘Data Integrity and Control in Financial Services 2016’, and the FinTech Quadrant™ for data integrity and control.

Chartis categorize Gresham as a vendor that focuses on data reconciliation and control (see vendor categories on page 17). Data reconciliation is a fundamental pillar of data integrity and control, and permeates through all aspects of Chartis’s data integrity and control value chain.

This report also includes brief coverage of:

• The main demand-side trends in this nascent market, with an analysis of the key business and regulatory challenges

• The supply-side dynamics, with a focus on the vendor landscape for data integrity and control solutions

Data integrity has now become a critical consideration in the financial services (FS) sector, as reduced profit margins, regulatory pressure and the explosion of data threaten to overwhelm current approaches to the issue. For several internal and external reasons, financial institutions (FIs) now need higher quality data and better processes to analyze it. Technology budgets are tight, however, and FIs have to get more out of their current infrastructure. Boosted by advances in technology such as lowcost computing, an emerging sector of solutions is starting to address this need.

Largely as a result of these factors, Chartis now defines ‘data integrity and control’ as a category of technology solutions in its own right.

[gottafly] 23/1/2017 13:45

Seems to have gone quiet on the share price front.

A very big bid/offer spread and now very little volume being traded. It seems to me that nobody wants to sell for 150p and buyers are not prepared to up the asking price, result pretty much deadlock.

Still, given the amount of information we have, albeit rather scant, I reckon that the the share price is about where it should be representing a good niche business. The potential for GHT is enormous but it is as yet just potential, as always DYOR.