Gresham Technologies Share Discussion Threads

[double double] 17/12/2018 07:18

News out this morning contract extension. Bodes well for 2019.Would also like some directors buys.I wonder if we are going to be paid dividend next year as was planned.I wonder if the share buybacks will happen for employee scheme as was planned. Lots of questions for the ceo.

[double double] 12/12/2018 22:18

From memory Kestrel came into Gresham after some of us long term holders and they have been buying as high as 150p recently which means they are probably already under water. This will concentrate minds.I still think long term it will come good. Just needs costs/sales to be better managed. There is a data revolution going on and they will be pulled along with the wave.

[tacticaltrader] 12/12/2018 22:03

That IM is also a winner?

[jadeticl3] 12/12/2018 21:50

Anyone wishing to takeover will have to pay at least twice the current price so they are a good buy now. That is still a price we would not have believed 6 months ago.

[gottafly] 12/12/2018 21:47

Qantas and your point is?

[qantas] 12/12/2018 21:15

Theresa May is a winner.

Please do your own research.

[gottafly] 12/12/2018 18:40

Simple, institution(s) selling out at any price, simply lost the faith, purchased 'too' high and bailing out, the financial loss is an irrelevance to them.

When I went fishing for info I was told this was likely to happen, madness it was called.

Not sure how IM can survive this, gosh Brexit and now GHT!

It would seem that now GHT is firmly in play for a take over bid but at a steal.

[qantas] 12/12/2018 17:44

DD Best way to look at it is, time to add markets sometimes give you bargains look at it as a Christmas present..

Please do your own research.

[double double] 12/12/2018 17:08

Worst fall since RTN collapsed in 2005. Still no directors buys to steady the ship.

[jadeticl3] 12/12/2018 17:08

This reaction today appears ridiculous to me, unless someone knows that the delayed deals are not simply delayed they are off! But if they are simply delayed the current price is silly.

[double double] 11/12/2018 17:09

Someone is having a bad day.

[qantas] 11/12/2018 16:51

GottaFly how can you say that GHT they know accounts second by second they are Clareti.

Please do your own research.

[qantas] 11/12/2018 16:47

double are we interested in your Sipp? I don't think so.

Please do your own research.

[double double] 11/12/2018 16:27

I am sure someone will eventually take this company by the horn and get the products and the company to a higher level where it deserves. We are in an era of data and this company is in the thick of it so I will be adding in small amounts at these levels.

Fortunately my holding is in a sipp and depending when I want to retire I have a decade or 2 left for the company to get there.

[gottafly] 11/12/2018 15:10

DD - I don't think anyone can be happy with the current performance and share price. However, having done a little digging it would seem that Kestrel are not a seller and remain supportive.

I also don't think that anyone saw this coming (not even the GHT management!?) with there being just 8 weeks separating the two trading announcements and as you say Kestrel were buying at the 150p level so they saw value at that level and presumably still do albeit presumably on a more long-term basis.

From what I can ascertain, GHT really do believe this is a hiccup and that a couple of very large deals they have been working on will complete in 2019, so this is a deferment not a loss. So this would perhaps suggest that the share price drop has been more than somewhat overdone but ....

It has been said on here before, by richjp I believe, that large deals are notoriously difficult to get across the line. It is pretty clear to me that IM needs to get a firm grip on this since large deals should become the norm for GHT.

Gresham has a history of not making the sales break through - promising much but delivering little - despite having excellent technology, people and products. For us long-term investors it has been a roller coaster ride. I had hoped that was a thing of the past and hopefully this is just a blip, time will tell.

As always DYOR.

[double double] 11/12/2018 10:57

Usually they are for 12 months.

However expectations here is not being managed very well. Kestrel were buying around 150p+, they went from 12.2% to 13.0% in their last holdings RNS so even they did not see this coming. Usually they are on the money. As I have been saying radio silence from a company is not a good thing for anyone. Kestrel will not be happy with what is going on.

[jadeticl3] 11/12/2018 10:35

DD, does the target price refer to any timeline?

[double double] 11/12/2018 09:43

Cantor cut thier target price from 250p to 180p and also cut their forecasts.

So now the N1SINGER and Cantor forecast adj EPS of 3.2p and 4.7p for 2018 and 2019, on pe of 24 and 17.

[double double] 10/12/2018 12:51

Not a big buy showing yet but a buyer is there mopping up at 78p probably report at days end.

[jadeticl3] 10/12/2018 11:24

Double D, are you sure there was a big buy at 78p? My record shows no such. Can you tell me how many share were bought in this transaction, as I see many sells, of which some were 78p.

[double double] 10/12/2018 10:45

Heavy volume today with sellers, but also big buyer at 78p.

[gottafly] 07/12/2018 10:44

Plenty of cash yes but the B2 Group has to be paid for unless the share option (which would be expensive at the current SP) is used. Clearly management has somewhat lost control at the moment and I reckon B2 is part of this loss of focus - at the point of the B2 acquisition the share price was 197.4, so in 5 months it has dropped over 50%!

One thing that does concern me is that the word confident, the death nail of many a management team, has been used extensively and this continues in the last trading statement - "the Board remains fully confident in the Group's prospects".

[richjp] 07/12/2018 10:02

amt, I hope you are correct of course, but I would like to see some reassurance from the company on the subject of cash in the new year.

[double double] 07/12/2018 08:42

I thought directors might purchase some shares at these prices.