Gresham Technologies Share Discussion Threads

[weatherman] 28/5/2021 06:21

The acquisition looks positive - but not easy to take up the retail offer.

[gottafly] 20/5/2021 15:26

planit2, yes I was getting somewhat impatient until the new board was formed back in October. Initially I thought little about the changes but the actions since then have been very positive. We have seen a significant change in the drive for growth and the general 'mood music' and the revised sales operation is expected to deliver.

Reckon we are on a win-win here because if GHT sales accellerate quickly then great but if not the new board will take action to realise shareholder value as . In my view IM is in the last chance saloon with the new board deciding to work with him to realise the potential.

I repeat below an earlier post from GHT regarding a potential plan B should sales growth not be as expected- Further, the new board appears to have a plan B with the statement that transformative M&A will be considered. This underlines the new boards determination to deliver shareholder value (at last) so I think prospects are very good but as has been mentioned previously some continued patience, as regards the SP, will be required.

Further whilst the share price has been somewhat static there has been a significant rise the the volume of shares traded - 5,10,15k etc. so something is happening.

As always DYOR but a win-win for me.

[planit2] 20/5/2021 14:26

We are past the transition to SAAS now. It would be nice for GHT to beat expected sales for once.
There has been so much investment in sales but really the client growth seems no higher than 3 years ago.

Anyone else here getting impatient?

[qantas] 13/5/2021 17:20

RETAIL BANKING: USING DATA TO TAKE BACK CONTROL

By Neil Vernon, CTO, Gresham Technologies

[qantas] 11/5/2021 16:15

Gresham adds to North America sales team to meet growing demand.

11.05.21 Gresham

[gottafly] 10/5/2021 13:39

AGM recording available at Investor Meet Company - well worth a watch to get the flavour of the New Board.

[gottafly] 10/5/2021 11:39

A really interesting AGM meeting, whilst there was little in the way of specifics what was very clear was the new focus, determination, posititity and enthusiasm of the New Board. Unusually, in my view, much of the AGM was a comprehensive presentation of the New Board personnel and credentials - it seemed a bit like 'new team and fresh start'.

The continued 'mood music' from GHT is very positive. As always DYOR (and have a listen to the recording) but things are looking very good to me.

[weatherman] 10/5/2021 06:36

Good AGM statement.

[gnnmartin] 08/5/2021 12:38

There's an Investormeetcompany option to attend the AGM remotely, though not to vote. I guess this means they intend to give a virtual presentation. Sadly, I can't join the virtual meeting, but there will be a recording available later which I look forward to watching assuming I am right about the presentation.

[richjp] 29/4/2021 17:27

Having been on the receiving end of a few poor quality audits, not to mention some of the auditing scandals in recent years, I could go on a bit of a rant about it being a $220bn industry.

You make a good point about 20% less person hours. I would not be surprised it they charge the same though.

[planit2] 29/4/2021 14:47

Unless using this technology, KPMG can get a reputation for a better quality audit.

Auditing is a $220bn industry, imagine you could do a better job with 20% less person-hours.

[richjp] 29/4/2021 14:33

They often give an update, although not always, on the day of the AGM which is 10th May this year.

The KMG order is good news however it may not be high volume usage. Auditing is carried out after the event and is not time critical in the way day to day transaction matching is. Also if you were auditing a bank for example, I would assume you would probably just take samples of historical transactions as it would be impossible to check every transaction.

[planit2] 29/4/2021 13:18

Is the next trading update we are expecting end of first half in July?

[planit2] 29/4/2021 13:15

That is a great win, AI in audit could/will be absolutely huge.

I assume there is no big contracted revenue flow and therefore it's not RNSworthy but KPMG are in contact with a lot of companies. I can't believe it would be worthwhile working with loads of companies at the same time on this so Gresham must have something special.

Clareti seems to have a lot of use cases.

[qantas] 28/4/2021 15:47

Gresham Tech
@greshamtech
·
We are delighted to share that
@KPMG_US
will be deploying
@greshamtech
's solution to digitize its key #audit activities.

[gottafly] 22/4/2021 09:01

Qantas thanks once again for pointing out further good news re Brinks.

jadeticl3 - I believe GHT used to have a 'followers login' but that ended some time ago, suggest that you set up a Google alert (pretty easy) and then, assuming the Gresham news is reported 'publicly' elsewhere (which I think it always is) then you will get (instant if you wish) email notification of news/publicity.

So the Brinks deal again looks really good news, if I have read it correctly they have only just become a user and have quickly expanded usage to include Clarity Connect as per this quote from the news item - "Our recent success and go-live with Gresham’s Clareti Control solution and the prompt yet comprehensive proof-of-concept meant the decision to expand our use of Clareti was easy". So it may not be an RNS newsworthy financial deal but the message is clear that once Clarity is in use it can rapidly be used to advantage elsewhere, great news for increased usage from the customer base.

The Google alert - yes just signed up for it - identifies another very interesting (perhaps even more so than Brinks) article published yesterday in the Fintech Times. An interview with Neil Vernon (GHT CTO) regarding the future of retail banking.

The message appears to be that retail banks must change/adapt rapidly to meet changing customer requirements and the threat of aggressive new entrant service providers. He states that innovation is being held back by legacy tech and data - "The big challenge is innovative new products can require different kinds of control frameworks, with an agile, flexible approach. But behind the scenes, banks’ infrastructure and data make this difficult.". Regulatory activity also adds pressure and of course is a must do.

So the key is stated to be managing, understanding your data and having a data-agnostic solution (i.e. Clarity) - "which can bring together data from multiple sources and siloes across your organisation". This appears to be what Brinks have decided to implement.

As always DYOR but it seems to me there is a change in emphasis from GHT driven by the new board. There is an increasing level of news releases which is an encouraging improvement on communication (historically a GHT weak point) but even more important in my view is that GHT are promoting themselves as the 'glue' for your legacy system data - gaining control of your data is the key - rather than having the time/expense to 'immediately' replace legacy systems, however desirable long-term that might be. So in crude terms GHT are offering a 'quick fix' with it would seem cost savings as an added benefit.

The AGM is only a couple of weeks away and I reckon will provide further positive news and progress.

[jadeticl3] 21/4/2021 21:07

QANTAS, why don’t you tell GHT that this information would be better placed as news for shareholders so that all investors know this, not just your friends on this site?

[qantas] 21/4/2021 17:58

More good news.