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GHT Gresham Technologies Plc

129.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gresham Technologies Plc LSE:GHT London Ordinary Share GB0008808825 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 129.00 125.00 133.00 133.00 129.00 129.00 0.00 08:00:15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Programming Service 48.72M 2.88M 0.0344 37.50 108.13M
Gresham Technologies Plc is listed in the Computer Programming Service sector of the London Stock Exchange with ticker GHT. The last closing price for Gresham Technologies was 129p. Over the last year, Gresham Technologies shares have traded in a share price range of 114.00p to 160.00p.

Gresham Technologies currently has 83,824,458 shares in issue. The market capitalisation of Gresham Technologies is £108.13 million. Gresham Technologies has a price to earnings ratio (PE ratio) of 37.50.

Gresham Technologies Share Discussion Threads

Showing 11751 to 11775 of 12925 messages
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DateSubjectAuthorDiscuss
24/7/2018
08:27
Confident outlook - as I said a few weeks ago not that fussed about short term timing of contracts if the underlying Clareti business is intact. I know not everyone agrees hence the top up opportunities at the moment.
valhamos
24/7/2018
07:36
N1SINGER have reduced 2018 adjusted eps by 0.48 of a penny to 6.12p and upped 2019 by 0.31 of a penny to 7.45p. We also seem to have a new analyst who was quite quick off the mark this morning.
double double
24/7/2018
07:17
A fuller explanation of why the numbers were missed and the management remains confident so will need to deliver H2. The three wins so far in July is promising but none are big wins so I'm not convinced these not falling over the line in June fully explains the missed numbers.

The positives for me are the strong pipe line and services revenue, clearly there is business to be had. It also seems that perhaps GHT were spending rather a lot in H1, perhaps too much, in staff hires and infrastructure etc. - certainly more controlled spending is promised in H2.

It will be good to see the analyst presentation that is to be published at 11. Overall I see the H1 numbers as a wake up call for a management that had become somewhat over confident. We all make errors of judgement the trick is to learn from them, fingers crossed for H2.

gottafly
24/7/2018
06:32
Six wins in 6 months reported. Three wins in 23 days of July so far! Not a bad start to second half. Presumably these three were expected to be signed within the reported period so have missed the cut off by only a short period of time. Management repeats confidence for year as a whole. Not a bad statement.
jadeticl3
24/7/2018
06:06
We are expecting a strong second half of the year, and we have made a positive start with three new Clareti wins so far in July.
journeysend
24/7/2018
02:23
Gresham (GHT) Earnings-Reaction to Keep an Eye
danieldanj
20/7/2018
06:58
DavROs, if some don’t come back up presumably some do. So you lose on some and win on others. How does that eventually result in going broke? Besides, I don’t average down unless I feel the current fall is temporary.
jadeticl3
20/7/2018
05:26
DavROs I see your a professional trader would kindly share your view on GHT's outlook.
gottafly
19/7/2018
20:28
You'll eventually go broke averaging down - as some don't come back up
davr0s
19/7/2018
15:35
I bought significantly more when they fell to 170p recently.(I like this company most of the time!). Today I decided to buy more if they fell to 157p, but by the time I noted they were for sale at this price and tried to buy at that price I was informed that they had risen to 160p so I held off. I am still a buyer at these prices.
Like DD I am hoping that the results statement will inform us that some deals, expected to fall within the 17/18 year, but did not, have now been completed and will therefore be swelling the 18/19 results.

jadeticl3
19/7/2018
15:14
I recall around 150p being a huge barrier but when such barriers are broken they can become support. Lets see if this sticks here.
double double
19/7/2018
06:15
The fall happened in the afternoon a late reaction.Hopefully company will announce those deals that are almost there and not sit on them like they usually do.
journeysend
19/7/2018
06:12
Is there some hidden message in this announcement? Were some folk expecting some comment on latest news rather than just a bald statement? This appears to be a very large drop in share price coincident with this announcement. Puzzled!
jadeticl3
18/7/2018
14:03
Someone is nervous ahead of results on 24 July 2018.

Technically it is way oversold.

double double
11/7/2018
15:21
Somewhat to my surprise Chris Errington attended the AGM on 10th May. When I spoke to him he pointed out that he was still a shareholder, although I expect that he was primarily there on behalf of Kestrel.
richjp
10/7/2018
17:23
There are two important points worth considering on today's news -

1) Kestrel has been a very long-term supporter of Gresham , and not just as a shareholder . Two of its partners are X board members of Gresham , one as the former senior NED , Max Royde , and the other as the former CEO & FD , Chris Errington .

2) Over many years , and without selling one share , Kestrel had built up a holding of 15.1% of Gresham by May , 2017 , which it then started to sell down once the shareprice had got above 180p . One year later , in May 2018 , its holding had gone from 15.1% to 11.8% .

So , not only is a potentially large seller now a buyer for the first time since May 2017 , but they have proved over more than a decade that they know what they are doing .

bomber13
10/7/2018
13:37
I agree it’s good to see Kestrel buying back in.

I think the issue at the moment is that when they announce the half year results on 24th July the pre tax profit will look pretty grim. We know that revenue will be down by 5%. For H1 last year the revenue was £9.87M so that will be a reduction of just under £0.5MH. Last year the pretax profit, the only profit figure that matters to me, was £1.1M so the revenue reduction will hit that considerably. On top of that we know they have been recruiting some pretty expensive sales and marketing people so that will hit the bottom line as well. I am all in favour of hiring the best people however there is an up front expense before they become productive.

Unless they come up with some creative accounting, which I hope they do not as it will not fool many, the pre tax profit will not look good.

In the longer term I do not think it should matter, as long as they catch up in H2 and I think it will actually be better for all when that pre tax figure is out in the open. Once the uncertainty is removed the share price might start to recover.

richjp
10/7/2018
09:27
Yes seems they have acquired over 300k shares so from being a regular seller they are now a buyer. It would seem they believe the share price is on the cheap side and that the management confidence for a recovery in H2 - back to figures largely in line with expectations - will happen.

So just a blip in the road.

As always DYOR.

gottafly
10/7/2018
07:00
Good to see kestrel adding on the dip.
double double
05/7/2018
17:54
The original TechMarketView report (see post 7081) refers to a "hole" of £2M in revenue.

That is incorrect and as I think TechMarketView can be quite influential, I emailed the writer. He has now amended yesterday's article to £1M as you will see if you go onto their website, although I would have preferred it if they had made a separate announcement regarding the correction.

I don't know if the correction will do much, but I think that every little helps.

richjp
05/7/2018
11:22
Something up with the trading stats? Your purchase of 2920 shares for 170p each has bid 170p, offer 173p, which is why is it classified as a sell.

It is surprising, under so much reported selling pressure, that the price is holding at 168/173. Very strange, particularly with your purchase. How many more are being misreported?

EDIT: RNS at 11:03.

"Second Price Monitoring Extension

A second and final Price Monitoring Extension has been activated in this security. The auction call period is extended in this security for a further 5 minutes.

Following the first price monitoring extension this security would still have executed more than a pre-determined percentage above or below the price of the most recent automated execution today. London Stock Exchange electronic order book users have a final opportunity to review the prices and sizes of orders entered in this security prior to the auction execution."

I'm not sure what this means but perhaps it is an explanation.

barnesian
05/7/2018
10:52
I agree with what richjp says. In fact I felt that this was a hiccup, although initially I was shocked, and that in a years time the current price will look cheap. Consequently, I invested another £5000 at 170p. A further surprise was to see that ALL today’s transactions were listed as sells, INCLUDING MY 2920 BUY.
jadeticl3
05/7/2018
10:08
Obviously yesterday was not what we were expecting, particularly as the recent AGM statement a few weeks ago was encouraging. No matter how genuine the reasons and how well the announcement is presented, it is still a profit warning and the market has reacted accordingly.

I have been saying for ages, although it is not a popular viewpoint with some, that this is not a business that can be scaled up rapidly. The sales cycles are long and the decision making process in big organisations is complex. That is why things can slip and for a company the size of GHT a few delays can have a significant impact. I don’t think it has anything to do with a loss of focus as someone else has said.

I am pleased that they say that “a number of material deals are at an advanced stage” which suggests they should be closed shortly.

The acquisition sounds good although clearly only time will tell. They have been talking about acquisitions for over a year, so I am pleased that they have taken their time in finding what they see as the right opportunity. I find it also encouraging that a large part of the initial consideration will be made with cash, suggesting to me that they are still confident about their future cash generating capabilities.

richjp
04/7/2018
13:26
B2 customers/case studies look impressive with a good list of banks, asset managers and corporates (including Easyjet)
valhamos
04/7/2018
11:02
Cantor pt 250p held
N1SINGER forecasts adjusted eps by -0.33p for 2018 could be lost in the roudings tbh

double double
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