Gresham Technologies Share Discussion Threads

[richjp] 05/10/2017 17:31

I am reasonably happy with the update. When they have updated in the autumn previously it has usually been later, so for them to express confidence for the full year at this stage is encouraging. Q3 is often a slow month for IT sales with people involved in the decision making process away on holiday, so to close two important deals in that period is also good.

At this point I expect the CTC revenue for the rest of the year is very predictable, as most of it in Q4 will be from orders already signed. New order intake and meeting new sales targets is obviously a different matter. I still am cautious that at some time some of the legacy revenue might decline rapidly if a couple of major customers do not renew, however the fact that they expect the full year to meet board expectations generally suggests that is not going to happen just yet. As CTC revenues increase and they become less dependent on legacy revenues, that will become less of a concern for me.

I notice that they said that they expect to meet "board" expectations for the full year rather than referring to market expectations, so hopefully the board expectations are a bit higher than market expectations.

Touch wood and all that, but I think we will are unlikely to get any nasty surprises for this year and if we get any further news, it is likely to be positive.

[jadeticl3] 05/10/2017 09:27

That sums it up neatly. No problems but no details!

[double double] 05/10/2017 09:27

I had hoped the brokers would take this opportunity to change their numbers but being a half full guy I remain hopefull as we still have almost 3 months to go till year end.

[schytalk] 05/10/2017 08:59

Well a trading update that says very little. I don't recall a Q3 trading update last year and all this one says is that 'we are on track'. It did however provide the news of another major US CTC win.

It would seem that GHT, given the recent share price activity, felt it prudent that they announce what is effectively a non announcement. It naturally focuses on CTC and states that other parts of the business are performing as planned, so there is a hint that CTC is not performing exactly as planned, over performing?

There is also an explanation/confirmation that a C24 deferred consideration payment will be made because of the high levels of C24 customer retention. A hint here that perhaps C24 continues to exceed expectations.

Overall the message is 'on track' and management are confident of the 2017 numbers. If that is the case it will cast further doubt on the validity of the 2018 forecasts which are increasingly looking modest.

As always DYOR.

[double double] 02/10/2017 13:56

miti 1000 great to see you bring so much to the table! Suddenly this place got a bit nastier.

On a more positive note we are past q3 hopefully we will get a trading statement, if I were performing as good as I suspect Gresham are doing I would be shouting from the roof tops.

I dont think the market cap is high enough for trackers to starting biting, perhaps when we are nearer £200m (this article is a bit old and markets have risen since) but we are not far off.

hxxp://www.morningstar.co.uk/uk/news/105769/investing-in-small-mid-and-large-cap-stocks.aspx

Defining Large, Mid and Small-Cap Companies

Companies are considered to be large-, mid- or small-cap based on the market capitalisation of a company, which is its overall value; the greater the value, the larger the cap.

Morningstar defines large-cap companies as those that account for the top 70% of the capitalisation of a domestic stock market. Mid-cap stocks represent the next 20% and small-cap stocks make up the remainder.

In the UK large caps are generally considered to be those that are listed in the FTSE 100 index. The smallest company within the FTSE 100 is Weir Group with a market cap of £3.8 billion.

Mid-cap companies are generally considered to be those listed on the FTSE 250, which ranges from a market cap of approximately £4 billion down to £500 million.

The FTSE Small Cap index includes stocks worth as little as £150 million. Shares with a market cap of less than £150 million may be found on the Alternative Investment Market. These are known as micro-cap stocks but are still included within Morningstar’s small-cap category. These micro-cap stocks are less likely to be found in small-cap funds and are less liquid than their larger counterparts making them more risky.

[journeysend] 02/10/2017 10:38

and that was very constructive and insightful

[miti 1000] 02/10/2017 06:47

Thanks for that Gottafly .Nice to see a factual post rather the drivel about every share price move.

[amt] 30/9/2017 17:48

Good video and sounds like a new untapped market. Mind you I didnt understand what he was talking about.

[gottafly] 29/9/2017 16:54

Looks like Ian Manocha is continuing a higher profile, good to see more promotional activity, the video is worth a watch.

[Video] @ianmanocha, CEO of @greshamtech talks about the insights can be mined from transaction data

hxxp://www.thebanker.com/video/v/5568850706001/chapter-4-of-4-untapped-value-in-transaction-data-ndash-data-deluge-asset-or-liability

[the drewster] 29/9/2017 16:35

New market cap might just mean certain tracker funds buy a few.

[gottafly] 28/9/2017 09:54

lastminute-world posted this comment on the iii discussion thread.

I think support levels are 180 161 150 120 110 and then 90...

Please do your own research.

Seems that Qantas and lastminute-world think the same!

[qantas] 27/9/2017 17:55

I think support levels are 180 161 150 120 110 and then 90...

Please do your own research.

[gottafly] 27/9/2017 17:46

No u in GottaFly either!

[johnv] 27/9/2017 17:30

Actually it is the other way round, the editor from techinvest said that your shares don't anything for ages maybe drift down slowly and then suddenly it takes off. Unfortunately for have to be in there during the boring times to be able to catch the jump up. I dont own any of these yet just waiting to catch them at the right time.

[qantas] 27/9/2017 12:05

Gottafly

No u in QANTAS.....

[gottafly] 27/9/2017 11:55

Quantas

Sorry it is my business as I am investor, are you here to just comment or are you a GHT investor, fair question in my view. From your reply I take it that you are not.

[qantas] 27/9/2017 11:45

Gottafly

Just a observation non of your business if I am invested or not?

Please do your own research...

[gottafly] 27/9/2017 10:47

Quantas and the point of your post is?

Recently the share price rise has been fast and is now drifting down slowly.

Are you invested in GHT or are you just having some 'fun'.

Oh and by the way DYOR.

[from8to800] 27/9/2017 09:36

You fortune tellers and clichés spitters are just unbearable. Go share your unwanted """"wisdom"""" back to stocktwits or something.

[qantas] 27/9/2017 09:15

The elevator down is always fast and going up is slow.

[gottafly] 27/9/2017 08:09

Well it seems that the share price if drifting down as many of us thought it would once the buying pressure had ceased. I am sticking to my year end for cast of 199.5p which means the share price will effectively remain stable for the next few months. DD I think you might be a little optimistic in your upwards revision. That said if we can some positive announcements regarding new signings who knows where the share price could end up.

[double double] 25/9/2017 21:57

See my post 6700 been expecting a pull back as we were overbought. A good area to be around for a little while for support before trying to move higher. We could move higher sooner if we get q3 news in the next few weeks.

[4-10] 25/9/2017 20:40

any ideas why there is a price drop today, based on the trades makes no sense.

[richjp] 22/9/2017 17:04

I suspect that this week's buying may be a result of the presentations made to institutions at the end of July. Many people in the city are away in August and often not a lot happens until later.

GHT is a small cap stock with not much of a free float, so any decent amount of buying can drive the share price upwards quickly. I don't think it is at all uncommon for any small cap stock to move by ten per cent in a day and it does not necessarily mean that anything major is going on. I think it quite possible that the share price may just drift sideways for a while, as it has done before, or even drift back a little, particularly if there is no autumn trading update.

With the wodge I have in GHT, I am delighted that my target of 200P for this year has been reached already and although we probably all always would like more, anything else this year is a bonus. It is encouraging if professional buyers are prepared to pay the prices we have seen this week, so hopefully that will establish a new base, but we might have to wait a while for the next move.

[double double] 22/9/2017 16:12

Luckymouse you seem a techie we have been lacking such on this board. I will leave it you as some of us here are mere amatures at it at best.