Gresham Technologies Share Discussion Threads

[double double] 12/3/2019 09:05

Both brokers out already, they forecast 1.4p and pe of 61 for 2019 and 2.2p and pe of 39 for 2020. So long way back to where we were unfortunately.

[jadeticl3] 12/3/2019 07:42

A quick read does not make this look great, so I don’t see a move up in share price until some new, better news is confirmed.

[amt] 12/3/2019 07:26

Slightly better than trading update in that ebitda 1.1m vs 0.8m
Plus another strategic contract imminent.
Plus Brexit might give consultancy team some opportunities in other areas while perhaps delaying things in core business.
Confirming moving to annualised revenue model. It looks like there could be a good jump in that this year. I reckon to perhaps 10m? already at 8.8m
2.0m cash for sale of vme business post year end so plenty of cash in the bank.
Sounds like the acquisition made in year didnt contribute as much as needed to result in additional deferred payments but that businesses was peanuts anyway but helps them into new European markets.
Overall reassuring noises and slightly better than trading update. Do I expect share price to rise sharply. No not yet.

[double double] 07/3/2019 10:28

Regarding the share price it is going to be a long way back. If you look at the 2 brokers forecasts for 2019, they are so wide, eps of 1.08p and 2.70P! Even the brokers are that unaware of what to expect nevermind the market - again bad management of expectations by GHT allround.

[gottafly] 07/3/2019 09:47

TachticalTrader what a wonderful post, full of optimism and then gloom and doom!

Seriously though I have stated this on here before I think that GHT is truly in-play having totally mismanaged the share price and Shareholder relations - IM took over on 1st June 2015 with an share price on 100p.

As DD says at least we are getting more information from the now regular RNS announcements, the trouble is these seem to make little difference to the share price and therefore GHT must be a take-over target assuming the technology is as good as we hope/think.

[tacticaltrader] 07/3/2019 08:37

I have a hunch GHT are working on something truly game changing in the background, although at this price they also appear to be a sitting duck.

[gottafly] 07/3/2019 08:05

Well no reaction in the share price which remains stubbornly below the £1 mark. Perhaps the full results due on March 12th will show some more positive progress. Despite Schroders and Kestrel increasing their stakes in January this looked a very unloved share.

[double double] 07/3/2019 07:42

Yep its the partnerships that will give us a step change. Good to see the continued use of the rns system. How things have changed lol

7 March 2019

Gresham Technologies plc

Gresham and RegTek.Solutions partner to offer strategic transaction reporting solution to buy-side and sell-side firms

Gresham Technologies plc (LSE: "GHT", "Gresham" or the "Group"), the leading software and services company that specialises in providing real-time data integrity and control solutions, announces a new strategic relationship with RegTek.Solutions, a leader in global regulatory reporting solutions.

RegTek.Solutions' Reconcile.Trade platform enables firms to meet the regulators' requirement to reconcile front-office trading records against data samples provided to them by competent authorities (via ARMs or Trade Repositories). Now enhanced to use Clareti's matching engine and rich exception management workflow, Reconcile.Trade on Clareti provides operations and compliance teams with transparency and proactive control over the accuracy of their reported data.

The first customer for the platform, a global financial services provider, is already live. The joint offering is now playing an integral role in the firm's response to a regulatory investigation of its Dodd-Frank reporting by remediating the gaps in controls identified by the regulator.

A copy of the full press release is available at www.greshamtech.com.

Ian Manocha, CEO, commented:

"Combining Clareti's best-in-class data integrity and control platform with RegTek.Solutions' outstanding regulatory expertise brings enormous opportunities for capital markets firms to become agile and efficient in these times of increasing regulatory scrutiny. We are excited to be bringing this to market with RegTek.Solutions."

Brian Lynch, CEO RegTek.Solutions, commented:

"Gresham are uniquely positioned as a leader in the data integrity domain, replacing legacy reconciliations at top tier firms around the world with their modern, scalable architecture. We are delighted to be partnering with them to expand Reconcile.Trade's footprint."

Enquiries

[amt] 07/3/2019 07:15

Good partnership.

[double double] 10/2/2019 07:23

The deferred share bonus scheme is being implemented in respect of FY2018, and therefore first staff awards would be around April 2019.


The company should start buying its own shares for this scheme soon.

[4-10] 01/2/2019 11:10

Richard Holways firm...
TechMarketView
UK Hot Views
Friday 01 February 2019
Gresham announces £2.3m Tier 1 Clareti win
Jon C Davies,
Gresham Technologies plc (Gresham) the UK provider of real-time transaction control and data integrity, has announced a significant contract win, with a global Tier 1 bank. The customer is a Global Systemically Important Bank (G-SIB) and has selected Gresham's flagship Clareti system to replace legacy cash and securities processing technology. According to Gresham, the customer is a leading investment bank, asset and wealth manager, and has been a Clareti Transaction Control (CTC) customer since 2013.

The deal is one of two high value projects referred to by Gresham in a trading update on 4th January and is worth more than CHF 3M (£2.3m) over 5 years. The contract is expected to contribute CHF 1.1m (£0.8m) to 2019 revenues and add CHF 0.5m (£0.4m) to Gresham's annualised recurring revenue.

The announcement is excellent news for Gresham as it continues to bounce back, following a dip in its fortunes last year (see: Gresham rebuilding confidence). The two latest wins support the vendor's ambition of establishing Clareti as the platform of choice to for reconciliations in capital markets, as banks and institutions replace their legacy vendor solutions.

[gottafly] 01/2/2019 10:17

This is the extract from the Jan 4 RNS, it is the second of the two quoted deals.

"Also in December 2018, contract terms were finalised with another global investment bank to migrate a legacy vendor implementation to the Clareti platform, with the agreement now expected to be executed in early 2019."

So it would appear that GHT has indeed signed this up, so is UBS now their biggest customer?

As always DYOR but yes managing to replace a large legacy replacement is very positive news, hopefully many more to come.

[double double] 01/2/2019 10:04

Gresham has announced a significant new Clareti contract win with a global tier 1 bank that is an existing customer. The contract, which is one of the two high value deals that slipped from FY 2018, is worth in excess of CHF 3.0m (£2.3m) over its five year term and is expected to contribute CHF 1.1m (£0.8m) to 2019 revenues. We are highly encouraged by this news, in particular the fact that the contract has been secured early enough that its contribution to FY 2019 revenues will be broadly as expected. Hence we make no changes to our existing forecasts. We have consistently viewed recent changes in expectations as timing-driven rather than the result of any fundamental shift in underlying demand. Clareti remains a unique technology with exciting commercial potential.

[double double] 01/2/2019 09:05

Added more this morning, will continue. We are taking off this year been saying it but will we be around to benefit fully or be taken out too early.

[amt] 01/2/2019 08:51

Capital markets participants are being held back by expensive deployments of legacy vendor solutions built with inflexible 1990's technology. Many of these systems are approaching end of life and the Clareti platform is the only proven modern enterprise-grade alternative."

So is now the time when growth takes off in a big way?

[jadeticl3] 01/2/2019 08:22

Do we now have all the deals that were expected to complete by end December, or are there more yet to be signed off?

[double double] 01/2/2019 07:03

IM now likes the RNS system he must be under pressure. Good!

[gottafly] 29/1/2019 14:37

dd, thanks for the info, good news indeed, yes they like the GHT story (particularly the annuity revenue) so yes they are a believer!

[double double] 29/1/2019 11:55

Kestrel have added another whole 1%. Shows alot of confidence.

[gottafly] 24/1/2019 08:16

Yet more information being posted by GHT.

Innovation About to Overtake Regulation - Fuelled by Regulation

This is the first blog posted by Paul White, GHT's Chief Marketing Officer.

It has been published in Finextra (as well as being on the GHT web site)-

Will innovation overtake regulation? Our CMO reflects in @Finextra: "Yet, despite these buzzy sounding terms, it’s still fair to say that the priorities were predominantly on fixing the age-old problems." #innovation #regulation #fintech hxxps://hubs.ly/H0ggYM80

hxxps://www.finextra.com/blogposting/16563/innovation-about-to-overtake-regulation---fuelled-by-regulation?utm_content=83234334&utm_medium=social&utm_source=twitter&hss_channel=tw-281534083

Very encouraging it looks like an long last GHT has marketing/promotion strategy in place, this in my view is a key (and very welcome) shift in emphasis.

Unsurprisingly, it promotes innovation/solutions pitched to the established players with data management being key and concludes:-

"As a result, innovation will no longer just involve dexterity for the next explosive blockchain-like concept, but rather be about width and depth: combining and integrating completely different types and sets of data—essentially, constructing and deconstructing data management on the fly—while bringing emerging technologies to bear at the same time."

A sales pitch for Clareti and GHT - surely not!

As always DYOR.

[qantas] 23/1/2019 07:40

Fly boy just for your info for a link to work you have to change the first H to a capital letter.

[gottafly] 22/1/2019 11:32

dd It does seem that this crisis has sharpened up GHT's focus, perhaps it was always the case and that the legacy revenues were an encumbrance and I have said on here that the KPI's were less than helpful. It will be good to see the detail in the full year accounts which will hopefully confirm continued strong progress in the Clareti product set.