Gresham Technologies Share Discussion Threads

[amt] 05/10/2016 17:28

This acquisition together with Bill Blythe's statement that 'Claretti sales are flying this year' would seem to indicate a very strong performance in the second half.
Where did you get that from Schtalk? Certainly no evidence of that in the H1 numbers.
The acquisition looks good but after such a dissapointing H1 which showed no growth over H2 prior year I wonder if we are getting a bit carried away.

[jadeticl3] 05/10/2016 17:20

Could it be that the 5% rise today on a down market is not only due to the public news releases over the past two days but that questions asked at the event today were answered so confidently that sentiment was improved. I know the company said that no new information would be available, but sometimes a nod is as good as a wink!
Did anybody out there attend today, or know somebody who did attend?

[richjp] 05/10/2016 16:32

I am another one that is normally a bit sceptical about acquisitions but this one has obviously been well received by the market and it is encouraging to see that TechMarketView see the logic of it.

I think it's good to see that both Kestrel and Schroeders have taken a decent wedge in the placing. Also the fact that they are funding part of the acquisition out of cash suggests that they are confident in their cash flow situation

[hasinaforgcm] 05/10/2016 12:36

Sorry I just have raw numbers from Bloomberg terminal, no commentary.

Just as an anecdote I remember any old company adding Technologies at the end of their name to get share price racing in the tech bubble days. GHT missed that trick then!

[schytalk] 05/10/2016 12:29

hasinaforgcm - any chance you can post some more detail regarding the NSinger upgrade, presumably due to the C24 acquisition.

[schytalk] 05/10/2016 10:16

The name change is a tweak that I am sure is aimed at investors since in the marked GHT is known as Gresham, it got the Telecomputing name when Gresham Computing did a reverse takeover of Telecomputing which was an Oxford based outfit.

Still I suspect another small step in the right direction, guess it is easier to sell Technology rather than Telecomputing.

Onward and upward and I see the share price is moving higher again today.

[hasinaforgcm] 05/10/2016 08:50

Well Tintin at Nsinger has upgraded 2017 numbers and eps by 0.68p. But I am sure there will be further upgrade as results come in in the new year.

[no24rton] 05/10/2016 07:26

name change - good idea, sounds a more up to date and current company, rather than stuck in the 1990's

[jadeticl3] 04/10/2016 22:17

Will we get the opportunity to buy these new shares at below Market price?

[4-10] 04/10/2016 15:27

I will post what I get from the Holway analyst report once I get it schytalk.

[schytalk] 04/10/2016 12:35

Really interesting and positive post Holeway, presumably they will publish more following the analyst day at Gresham, would be nice to be a fly on the wall!

[schytalk] 04/10/2016 10:47

This looks very good news to me, not that I am a great fan of acquisitions because of all the dangers and pitfalls that it brings. This seems however, manageable (in size), geographically convenient (UK centric but with overseas clients) and a good commercial/technical fit.

My only concern is a placing at 105p which I believe is significantly below what the price should be, remember that the previous placing was done at 125p. Having said that given this deal and Gresham's general prospects it should be an easy sell at this level, plus hopefully another driver for an share price rise.

I think the timing was driven by opportunity, it would seem that C24 was in a state of 'flux' with perhaps the three founders no longer having the same objectives. We all know that at times things change and you have to move on, the three C24 founders are certainly seasoned and mature.

Gresham state it will be a debt free acquisition and earnings enhancing, this is interesting because C24 had two significant 'investment years' in 2012 and 2013, returning to a small profit in 2014 and apparently a very decent one (in the yet to be filed) 2015 accounts, presumably 2016 has been significantly better.

Further, one of the C24 founders (Stephen Miller) joining the Bristol innovations lab (with the other two stepping down) Gresham appear to have acquired a valuable ans seasoned technical resource.

This acquisition together with Bill Blythe's statement that 'Claretti sales are flying this year' would seem to indicate a very strong performance in the second half.

Perhaps BullyBoy is right and we can soon look forwards to an share price of at least 150p. Overall this looks a very, very good deal.

[amt] 04/10/2016 09:14

Yes looks like loyal support from shareholder and acquisition has boosted the share price I worry they are only 3 months from ye and havent announced any of those juicy contracts. Can they really meet targets which requires doubling of Clatetti income in H2 vs slow H1

[hasinaforgcm] 04/10/2016 09:02

Perhaps this was the reason for the recent rise.

[gnnmartin] 04/10/2016 08:46

Looks good to me.

[jadeticl3] 04/10/2016 07:57

RNS today excited me as I expected it to be the anticipated update. Now I am a little disappointed that it was not. However, this may be good news ??

[thebullyboy] 23/9/2016 08:42

Looks like another leg up and still no RNS. Last RNS was very confident of new client signings in this half.

[qantas] 22/9/2016 18:42

hxxp://environmentsdenver.com/project/gresham-computing/?utm_content=buffer78d1e&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

[qantas] 22/9/2016 18:02

hxxps://www.gresham-computing.com/gresham-strengthens-european-presence-appointment-jim-hannibal-sales-director-europe/

Gresham strengthens European presence with appointment of Jim Hannibal as Sales Director for Europe
22 September 2016

London, 22 September 2016 – Gresham, the leading software and services company that specialises in providing real-time transaction control and enterprise data integrity software, has appointed Jim Hannibal as Sales Director for Europe. Hannibal will lead the firm’s ambitious expansion plans within Europe, extending Gresham’s flagship Clareti platform offering across the continent. He will be based in Gresham’s newly opened office in Luxembourg.

Hannibal brings over 30 years’ experience within the financial services technology industry, across both wholesale and retail sectors. Within this, he has a wealth of specific and relevant expertise in software and data management, helping financial institutions to respond to regulatory pressure, reduce operational risk and drive growth and innovation. Previous roles include International Business Development Manager at financial software firm Misys, Sales Director for Europe at SmartStream Technologies, and Head of European Sales at channel banking software specialist CR2.

The appointment comes off the back of continued strong financial results for Gresham. The firm has won six new contracts in the first half of 2016, with Clareti revenues ahead 46% compared to the same period in 2015. Financial firms in Europe are under particular pressure to review their approach to enterprise data integrity – both in compliance with regulations such as MiFID II, SMR and BCBS239, and to allow them to innovate safely to retain competitive edge.

Bill Blythe, Global Business Development Director, Gresham says, “Jim has a proven track record in Sales Management and New Business Development and he knows the market inside out. Clareti sales are flying this year – his experience and leadership will be an enormous asset to Gresham as we expand our customer base of banks, asset managers and corporates across Europe.”

Hannibal adds, “It’s a really exciting time to be joining the Gresham team. In a fast-paced, highly regulated landscape, organisations simply must have access to financial data they can trust. Trust, control and accountability are key. Gresham’s solution is leading the charge in terms of the granularity of data visibility and agility it provides and I’m very much looking forward to working with the global team to build on the extraordinary success the business has enjoyed over the last few years.”

[thebullyboy] 22/9/2016 08:24

I find it hard to believe they have not signed new clients this quarter and so there will be parties who know of this. As long as the company is making progress and the share price keeps rising and we end up higher than we are then I am happy.

[jadeticl3] 20/9/2016 23:20

So somebody knows something. Why don't we also know as shareholders?

[thebullyboy] 20/9/2016 20:38

The share price rise says something positive is taking place.

[schytalk] 20/9/2016 20:27

The overdue share price movement is starting to happen, watch this space.

[schytalk] 20/9/2016 20:27

The overdue share price movement is starting to happen, watch this space.