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 0.0% 142.50 140.00 145.00 142.50 140.00 142.50 2,500 08:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 37.0 0.4 -1.3 - 119

Gresham Technologies Share Discussion Threads

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I think, or perhaps hope, it's just the general market downtrend particularly with tech stocks. The first half trading update was on 6th July last year,so let us see what that brings.
Disappointing continued fall. I've rather taken my eye off this, thinking they were making steady if unspectacular progress. Hopefully it is just the bear market dragging them down, but the share price does discount good progress.
finally some positive news. From Singer this morning: Gresham has announced a landmark win with a key Tier 1 existing banking customer worth up to £6.3m over a minimum of c. 5 years. Building on an initial 3 year contract signed in June 2020 worth £1.7m over 3 years, the scope of work has materially expanded with Clareti being chosen as the customer’s single enterprise platform across its whole UK business, covering retail accounts, cards, payments and as well commercial banking. Clareti will replace manual processes and, of particular note, legacy vendor systems. It continues to displace incumbents, whether greenfield or land and expand. The contract adds an immediate £0.5m of incremental ARR which is expected to grow to £0.8m over time as well as £1.3m of services over the next 12 months. It thereby provides increased confidence regarding FY22 expectations for 16% organic ARR growth and extends visibility beyond. We introduce FY23 forecasts with recurring revenues anticipated to grow c. 18% to £33.4m and EBITDA margins advancing 100ps to 23%. We calculate the market is valuing this fast growing and FCF generative FY23e revenue stream at 3.3x when stripping out Services and Legacy revenues and cash. We reiterate our 220p price target and Buy recommendation.
Anyone on TECHINVEST, I am wanting to form a group of similar minded people to discuss its views etc and information. Click my name and send a message.
matthew palmer
They are moving to the reporting style of a larger company. Each contract is smaller in the overall scheme of things now so they are not material to the performance. The main points are that we have earnings visibility now GHT operates more under an SAAS model and this should be valued as such. The current market is terrible and true price discovery of companies at a real low.
I was hoping to see some new contracts signed in the last couple of months because most of the highlight stuff we already knew. I'm hoping they get a couple of new contract wins and that should hopefully get it back closer to £2.
Does anyone have any ideas on why this is falling badly on good news from the company and big rise in market generally this morning? I am shocked!
Excellent results. Terrible market.
Well done. I wasn't watching. :-( I had to pay 148.1625 (how exact!). Still, I didn't have much cash to invest.
Results look fine to me and outlook brighter if anything. Welcome to a bear market where people sell even on good news. Added at 139p.
Gosh, I thought those results were pretty good, but the shares are dropping. Is it just market chaos, or can someone tell me why I was wrong to be pleased by the results?
...from last year... Gresham Technologies Plc is a software and services company that specialises in providing solutions for data integrity and control, banking integration, payments and cash management. Market cap is around £132m, PE ratio 28.9. Today’s H1 21 interim results showed Group revenues up 19% to £14.5m. (H1 20 £12.2m), net cash up 9% at end-H1-21 of £8.1m. (H1 20 £7.4m). No new figures for operating profits, EPS, are provided yet. But on the face of it the commercial side of the business is growing healthily as are cash piles on the balance sheet. Revenues derived from the Clareti platform, the Group’s main money spinner, were up 30% over 12 months at £9.6m. On a forward-looking basis, Clareti Annualised Recurring Revenue (ARR) will be £12.9m., another sizeable increase in the year to come. Other non-Clareti revenues were up a more modest 2%.... ...from WealthOracleAM
Happy New year of the Tiger, Https://
I think the N1Singer price target is very encouraging. They have been pretty conservative in their forecasts with regard to GHT in the past and were criticised by some on this forum for doing so. They were however usually right and let us hope that they are this time. It would be good to get that £2 price level comfortably out of the way.
Yes, hopefully this will push the share price over 200p in the next few weeks. The pain of moving to a SAAS model is over and the added size with the acquisition should increase growth as the company gains credibility and opportunities.
crazycanuck, thanks for that, I received the notification and was going to post on here but you beat me to it. Very strong support from N1Singer with a Buy recommendation, so seems they think GHT is under valued. Given the numbers and this N1Singer view I am surprised the share price has not reason more, still if N1Singer are right we can look forwards to a 20% increase this year - happy days.
from Singer Capital Markets: Highlights of FY21 are 28% organic revenue growth at Clareti, group EBITDA 8% ahead of our forecasts and net cash nearly £4m ahead of our expectations on “very strong” cash collections and lower than expected acquisition costs. Our unchanged FY22 forecasts are well underpinned by 88% contracted revenues. We forecast ARR will grow a further 17% organic in FY22, which is one of the fastest growth rates in our universe. We introduce a Buy recommendation and 220p price target.
Certainly an excellent update pushing the share price in the right direction. The full results in March should be very encouraging. The Electra acquisition seems to have gone very well indeed. It was a major deal by GHT's standards and should give them the platform they having seeking in North America.
Richard Holway TechMarketView UKHotViews Comments Gresham grew 48% last year Marc Hardwick, 08:20, 11 January 2022 Full-year trading update out this morning from financial services data integrity specialist, Gresham Technologies, outlines strong growth for 2021. Group revenues were up 48% to £36.8m, including a healthy contribution of £5.4m from the Electra acquisition (see here) it made back in June. Profitability also improved with Group Adjusted EBITDA up 58% to £7.1m. The performance from Gresham's flagship software, Clareti, was particularly strong with revenues here up 63% to £25.2m, which also included the aforementioned contribution from Electra. Forward-looking Clareti Annualised Recurring Revenue (ARR) at the end of the year was up 95% to £24m, including £9.2m from Electra. Gresham continues to prosper from strong demand for its data solutions and the acquisition of US vendor, Electra is already contributing to the top and bottom lines with the firm expanding its US footprint and doubling the customer base. New York based Electra focuses on the capital markets segment and provides solutions around post-trade processing and risk mitigation. The company's key offerings support reconciliation, data aggregation, settlement and billing.
and looks like we'll have a great opening start to trading.
Great trading update.
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