Gresham Technologies Share Discussion Threads

[double double] 22/9/2017 16:08

No worries. Not just this company but share prices are moved by the "market" with information that is not in the public. That is why you often see prices rise or fall ahead of RNSs. RNSs sometimes merely confirm the "market speculation".

[luckymouse] 22/9/2017 14:15

agreed - its not a typical trading stock - its a lightweight staircaser that hadnt reached target yet. I would say swing traders aim for 50%-100% to get the 3:1 RRR.
Good fundamentals here btw
ATB LM

[double double] 22/9/2017 14:06

Luckymouse I see where you are coming from and I could be wrong but this is not a typical stock for trading as the share price can go on for weeks and months with little or no movement. Also once traders get their 10% they usually take profit and move on. We have seen no serious pull back or selling.

[luckymouse] 22/9/2017 13:33

It's because the city traders & MMs are looking at something totally different to pi's

[double double] 22/9/2017 13:17

Gottafly I did not put any spin on anything. Anyone can have a look at the trades that day and the share price reaction. When you have company that is as closed (from us shareholders) as Gresham then it creates space for insider dealing. But sometimes its easier to find other ways to explain away.....than to see the obvious.

You were saying only weeks ago 180p was right level until we get more information from the company, 150p before that and so on..... hello 205p. You may not have the information but some others seem to have! The share price is proving some "experts" here wrong. Fun and games.

[gottafly] 22/9/2017 12:39

jadeticl3

The GHT share price movement does seem somewhat strange, still if share price movements were always predictable and logical there would be no risk.

GHT is somewhat of a 'strange case' because it is Risktech company and yet has a long history/legacy and has used the legacy revenues to totally reinvent itself, so there has been no real start up capital funding.

Further, the top 6 institutional investors control over 50% of the stock and the top 11 investors controlling 73% of the stock - source GHT 2016 annual report. This situation is likely to have increased during 2017 such that the available free market shares (for PI's) continues to shrink.

With such a thin market in free shares anyone stake building is likely to drive the price up especially since the major holders seem content to sit on their shares. You will recall that initially shares were being bought at 180p and then 185p, presumably driven upwards by buyer demand.

The brokers seem to have done very well in achieving substantial share buying volume without driving the price too high but it does look like Richard griffiths was a source of shares. But that all changed a few days ago when the share price suddenly jumped over 10%. The explanation could be as simple as the supply/demand equation got to a point where the share price could no longer be held back, although dd has put a slightly different spin on it.

Who knows where the share price will go next but in the end it is all down to GHT performance. If GHT continue to meet and perhaps exceed (2018) forecasts then further strong share price growth is likely. However, should one of the major shareholders want out then this could have a significant dampening effect on the share price

The lack of information flow from GHT is also a factor so we are largely operating in a vacuum with a high degree of guess work/gut feel. Being a long-term holder of GHT has always proved to be more than interesting and certainly not boring!

As always DYOR but I would expect the share price to take a bit of a breather and will do well to stay above 200p without some concrete news but then again I did forecast 199.5p at the year end so perhaps I have a somewhat coloured view.

[gottafly] 22/9/2017 11:53

So from the latest RNS we can see that Richard Griffiths (a former associate of Max Royde/Kestrel by way of a previously shared investment) has sold some shares but we cannot see precisely how many.

However, as of December 2016 he had 2,607,505/3.9% so clearly has sold more than one chunk and is now below the 3%/2024775, so has disposed of at least 582,730 shares.

The date the threshold was crossed is 18th Sept but there are no large trades recorded on that day some I am guessing it was an off market disposal, I seem to remember a 900k chunk going through recently.

Anyway my guess is that he has largely cashed in his profit, he bought his main holding back in October 16 at about 111p. It does look like he is not a long-term holder and so a potential continued seller. Still he has done very well so far out of GHT.

[double double] 22/9/2017 08:55

Whilst the volume was low that day 98k, that is not unusual for GHT, the rise happend because there was very little selling whilst buyers were prepared to pay higher and higher prices. There was consistant buying in small amounts and nearly througout the day. Who and why were they prepared to do this and on that day alone is a mystery.

Apparently the company's policy is to release material information.

[jadeticl3] 21/9/2017 20:07

I read all these comments/explanations with care, appreciating the knowledge they represent. However, it is still beyond my understanding how such a rise can take place "out of the blue", on one day only. If someone knows something that is capable of pushing the share price up by 11% in one day, why is there not any follow up? In addition, I don't see how very limited buying on THAT ONE DAY could, of itself, raise the price by so much. I have much to learn, but if the price keeps going up I will be happy to ponder the why's and wherefore's in my ignorance!

[gottafly] 21/9/2017 17:41

dd agree it is great to see Canaccord as a najor holder, I think the Canadian connection will be important for GHT given their NA focus. My guess is that D+H/Misys are one of the incumbent legacy suppliers that CTC is replacing. Perhaps if you were speculating as regards a potential GHT acquirer then these guys would sure to be on the list.

By the way Canaccord shareholding has increased by 1.052,995 since December 31st (annual report info) so these guys have been buyers! However, from the level of buying over the last few weeks there would appear to be more than one stake builder

Interesting times ahead me thinks, this latest share price rise was sure to have been queried by the LSE and since we have no explanatory RNS from GHT then one can only assume that H2 progress is as expected (i.e. nothing further needed to report) and that the LSE are content with the share price level.

[gnnmartin] 21/9/2017 14:53

Ah, thanks for that. I saw a similar RNS for MIRA and got quite excited until I saw your post. So, still no explanation of the jump in share price.

[double double] 20/9/2017 13:07

Still no RNS apparently there is no material change in the company.

The force is strong here no retrace means rise based on solid grounds. I can see a steeper uptrend developing, 250p+ this year very much on the cards bar any nasty surprises, but we need to break 215p first.

Great to see Cannacord with the shares now.
"This disclosable event is as a result of the acquisition of Hargreave Hale Limited by Canaccord Genuity Group Inc., through its wholly-owned subsidiary Canaccord Genuity Wealth Group Holdings (Jersey) Limited."

[double double] 20/9/2017 12:56

I think I will change mine back to 260p should have stuck to my guns and not listened to anyone.

175p crazycanuck
199p jadeticl3
199.50p shytalk/gottafly
200p noble3r
200p richjp
207p inforprofit
210p luckymouse
260p double double
280p 4-10

[4-10] 20/9/2017 12:50

175p crazycanuck
199p jadeticl3
199.50p shytalk/gottafly
200p noble3r
200p richjp
207p inforprofit
210p luckymouse
220p double double
280p 4-10

Anyone want to change their year end forecast? LOL

[jadeticl3] 19/9/2017 18:14

I'm glad it is not Friday. At least the company has the opportunity to respond tomorrow.

[double double] 19/9/2017 17:53

No takeover talks until we are market cap of 500m at least

[from8to800] 19/9/2017 17:50

Hope it's above 50 quid if there is one. Go big or go home.

[amt] 19/9/2017 17:35

Probably an offer for the company. I hope its over 3 quid if there is one.

[jadeticl3] 19/9/2017 17:21

In my (limited) experience, when a share rockets like this with no clear prior statement then the company has felt compelled to make an announcement to the effect that a) it has no knowledge of the reason, or b) it has heard the rumours but....or c) there has been an approach by xxxx, but.....

It would be most unusual for the company not to comment, unless the price drops equally dramatically the next day!

[jadeticl3] 19/9/2017 17:00

In my (limited) experience, when a share rockets like this with no clear prior statement then the company has felt compelled to make an announcement to the effect that a) it has no knowledge of the reason, or b) it has heard the rumours but....or c) there has been an approach by xxxx, but.....

It would be most unusual for the company not to comment, unless the price drops equally dramatically the next day!

[double double] 19/9/2017 16:04

There would have to be a RNS if this rise sustains. If no RNS expect a pull back as it looks overbought in the very short term but would not want to be out of this tonight.

[philoosh] 19/9/2017 15:34

Any idea when it will steady?

[philoosh] 19/9/2017 15:34

the share price has gone past 200p. This is a good day so far.