Gresham Technologies Share Discussion Threads

[amt] 04/4/2019 20:08

I doubt they were buying shares to impress the market. They just saw good value.

[gottafly] 04/4/2019 11:50

In theory it is always good to see directors purchasing shares but this Tom Mullan purchase, as per the recent Andy Balchin purchase, is a very small commitment and can be interpreted in more than one way. Clearly the directors felt it necessary to show some public commitment to GHT given the missed 2018 numbers but the fact that they did so at this low level is a concern for me, neutral at best in my view.

[double double] 04/4/2019 10:24

Would have liked them to buy more. I think it looks like cosmetic ahead of meeting shareholders. But welcome all the same.

[amt] 04/4/2019 08:07

Director purchase is a good sign.

[amt] 03/4/2019 10:16

Wow big fines. Certainly makes investing in Clareti look a small outlay.

[amt] 03/4/2019 08:35

It impacts to some extent on Gresham because banks and other financial institutions have been diverting resources to prepare for no brexit. Now they can get back to investing in proper useful things. I agree the last 3 years has been wasted. Actually much worse because the countries image in the world has been damaged and a lot of money and resources wasted. It is a total betrayal of what was voted ( to get Brexit should have left without a deal) for but perhaps what was voted for was a fantasy. That now appears to be the case given there was no mention of the critical issue of the NI border nor the 39 billion exit fee for that matter at the time of the referendum. Anyway despite all of this I now believe its a good time to invest in companies like Gresham. Parliament is moving to minimising any short term financial damage by very close alignment to EU. Annualised income is going to look terrific at the interim. Doubt the EU will collapse. Much to my surprise somehow they seem to have come out of this mess strengthed if anything.

[jadeticl3] 02/4/2019 23:13

If amt is correct it will have been a totally useless waste of 3 years, and any PM delivering this should be ashamed of this parliament. Democracy, what democracy?


However, I am convinced that the EU will collapse within the next 3 years as it is a house of cards. It would be better to be outside when this happens.

Not sure though how all this impacts on GHT.

[amt] 02/4/2019 22:23

After today's events I am more optimistic about the prospects for Gresham as its looking like a very soft (pointless) damage limitation Brexit. Probably in single market and Customs union so not much different from current deal except UK will have very little say but will have to follow EU rules and regulations. I expect the pound and stock market to recover in the short run.

[amt] 02/4/2019 06:30

May have been a bit premature about Brexit. The true complexities are becoming clearer by the day. Gresham did mention though that they can move resources around to help banks out so maybe even if normal business cycle is harmed they can cash in on the Brexit work. Fortunately a good chunk of turnover is usd denominated and falling pound is making UK and presumably more competitive.

[amt] 31/3/2019 17:31

Valhamos. Maybe you are correct and it shouldn't have been an issue but it's turned into a massive one that was never mentioned or forseen as developing into one by Brexiteers or Remainers. They were caught napping. We are where we are now and its totally destroyed any prospect of a true Brexit.Anyway my point is there is virtually no chance of a true Brexit so it's going to be very soft one. That will help companies and share prices of companies like Gresham. Combine that with good interims and the run up to July looks perfect for a big rally.

[valhamos] 31/3/2019 12:33

amt - the default and legal position remains exit without a deal. If that happens the EU claims to be prepared for it and that they will not be operating a hard border (the UK position has always been that there will not be a hard border). In which case it proves that the Irish border was always a non issue manufactured by the EU to try to punish the UK for leaving. It was not completely overlooked nor is it a fundamental problem.

[amt] 31/3/2019 11:19

Valhamos even if you are correct about the Irish border issue the fact that the UK have caved means my follow up logic remains correct. Banks will be able to move on with their investments. By the way look in the Government document on Brexit and the Irish Border wasn't even mentioned let alone shown as an enormous issue. It has only become centre of argument in the last few months. It was completely overlooked. (except Tony Blair and John Major mentioned it a couple of times but there were not aware that it would become the fundamental problem)

[amt] 31/3/2019 11:14

Valhamos unfortunately Brexit is relevant to Gresham since Banks are spending their money and time on measures to deal with it. My point was that by July the interims will be out and will look very good and the basic issue of a very soft Brexit will be in place so businesses can get back to the normal investing cycle and not be distracted by Brexit.

[valhamos] 31/3/2019 09:08

amt - Probably best to keep Brexit it out of the discussion here - it's hardly relevant to GHT but "nobody thought of Irish Border problem until relatively recently which is extraordinary" is completely wide of the mark. The Irish border was discussed before the referendum but the problem has been manufactured by the EU to try to keep us as a vassal state. The solution was for May to walk away for the country to enjoy the benefits of Brexit but she caved in.


Gottafly - other than the small adjustment on adopting IFRS 15 I am not aware of any change in accounting policy.

[gottafly] 31/3/2019 08:40

amt it might be a good article but it ends - "Gresham Technologies is listed on the London Stock Exchange and its shares were trading down 2.2 per cent at 87.5p earlier today."

This simply underlines the lack of any market sentiment or support, I'm afraid GHT are very much in the 'bad boys' club following the missed financials. GHT got it badly wrong and the only change they are making is to change the accounting policy, the market (as am I) is very unimpressed and as I said previously GHT seems to be being run like a private company.

[amt] 30/3/2019 18:44

Good article Quantas. Thanks. Perhaps this is the seismic shift we have been waiting for. As I mentioned before I wouldn't be surprised to see a 50% increase in annual Clareti revenue this year as already up 20% after just 3 months. Its going to be at least a 50% increase at the interim stage just based on 3 months trading. Hope my calculations are correct.
I expect by July true Brexit will have been cancelled when the massive elephant in the room becomes clear. Namely either the Good Friday agreement is breached or UK stays in the Customs Union. If UK stays in the Customs Union then that's Brexit in name only. So if that happens one way or another which seems certain to me it will mean the markets can recover to a pre Brexit level and banks can start investing. Such bad luck for Brexit but nobody thought of Irish Border problem until relatively recently which is extraordinary. May's deal doesn't resolve it but just kicked the can down the road.

[qantas] 30/3/2019 14:14

29 March 2019
Gresham Tech bags £7m in deals with two global banks

Please do your own research as always.

[qantas] 30/3/2019 08:32

GottaFly

So sorry I posted on the wrong chat line.

[gottafly] 30/3/2019 07:32

Qantas - an interesting article but how does this relate to GHT?

[qantas] 29/3/2019 21:52

Please do your own research as always thanks.

[richjp] 29/3/2019 14:14

I think it fair to say that the share price has sailed over a cliff, but I think that the company itself has not. They are only three months behind where they were expected to be. The market has just reacted savagely.

As I said before, at the recent investor presentation several PIs expressed strong concern that some NEDs did not own shares and yesterday's purchase may be a response to that. It is easy to assume that NEDs have loads of cash sitting around to invest but that is not necessarily the case. It may be that this NED purchase is just the first of a number that the NED makes over a period of time.

If he does purchase regularly even if in small amounts, I think that is all well and good. If it is just a one off then I agree that it is not much use.

[gottafly] 29/3/2019 10:41

gerihatrick - my point exactly and to me this is a negative, it does seem rather small minded and with the adverse sentiment around the share price this is hardly a clever move. If a NED wanted to show commitment then I reckon it would need to be more like 50k but with such a small amount best to not bother.

I note today that Tom Mullan has been granted 100k options at 97p, his previous 200k were at 227p, a 60% reduction, just shows the size of the cliff that GHT sailed over.

[gerihatrick] 29/3/2019 09:42

The NED purchase was miniscule but the law states such purchases have to be notified to the market

[amt] 29/3/2019 06:49

Annualised revenues at the interim stage will look impressive. In 2018 running at 6.2m Already running at about 9m. So going to be at least 50% increase I would think. So rerating likely after interims in July I would hope.