Gresham Technologies Share Discussion Threads

[crazycanuck] 28/9/2021 07:51

SIBOS is in Oct but this year they are holding a virtual version of it so not quite the same and not even sure if Gresham involved this year.

I'm still surprised we didn't see a better mkt reaction to that RNS. I keep thinking I must be reading it wrong but they're saying 30 million AUD (approx £16 million GBP) for next year from just the ANZ contract.

[planit2] 27/9/2021 11:56

reported 100% visibility for 2021 expectations so anything extra signed will be on top.

Hopefully they will have a good autumn season. Isn't there normally an expo for payment services at this time that is reported on?

[richjp] 24/9/2021 18:10

Good news obviously. They must be looking really good to make or exceed their year end expectations so I reckon we should be able to anticipate a positive autumn trading update say in November perhaps.

[planit2] 24/9/2021 10:53

The share price gap from 3 years ago was the [painful] transition to SAAS. The company now needs valuing as a growing SAAS company.

[jadeticl3] 24/9/2021 10:45

Wow, the share price could soon be back to where it was 3 years ago!!

[gottafly] 24/9/2021 10:11

Note from N1Singer talking the share price up.

A renewal and extension worth c. A$30m over the coming year at ANZ takes FY21 revenue visibility to c.100% with a quarter to go. Q4 wins would mean upside. ANZ will grow its Clareti revenues 35% yoy to A$14m. It is this type of growth in excess of opex growth that is pushing Clareti into positive FCF generation. We think the market is missing the substantial operational gearing that a SaaS company experiences as it goes through b/e and can see Clareti generating FCF of up to £6m in short order and nearly £9m+ not long after. Needless to say, such a performance would imply a valuation far in excess of the current market capitalisation.

[crazycanuck] 24/9/2021 07:56

absolutely brilliant. Liftoff today on that news.

[weatherman] 24/9/2021 07:26

Good RNS news on contract extension.

[jadeticl3] 01/9/2021 10:56

Well, well. This maybe the start of real movement Wilbur01.

[jadeticl3] 01/9/2021 09:55

Yes, but the movement is more like that of a hibernating animal! I would love to see some real movement upwards towards 200p—again.

[w1lbur01] 01/9/2021 09:25

Movement maybe

[gerihatrick] 22/7/2021 11:34

In their presentation yesterday Ian said that due to their dominance in the US they will now take Electra globally and the Clareti/Electra package will provide complete control of data and processes. The Clareti and Electra teams are complementary teams working in complementary areas of expertise.

[4-10] 22/7/2021 08:18

Note from Richard Holways firm TechMarketView UKHotViews

Gresham interims confirm a strong start
Jon C Davies, 09:01, 21 July 2021
Financial services data integrity specialist, Gresham Technologies, has published interim results highlighting healthy organic revenue growth and strong sales momentum, coupled with a small pre-tax loss.

Confirming its recent guidance (see: Gresham reveals strong growth) revenue for the six months to 30 June 2021 was up 14% on last fiscal to £14.5m, excluding the impact of recent acquisitions Inforalgo and Electra Information Systems (see: Gresham announces $27m US acquisition). Meanwhile, Gresham slipped to a pre-tax loss of £800k, compared to a profit of £500k in H1 2020.

H1 revenue from Gresham's flagship software, Clareti, climbed 22% to £9.6m whilst Annualised Recurring Revenue (ARR) from the system rose by 9% to £12.9m, despite performance being held back by an unfavourable exchange rate. The vendor signed 13 Clareti licence agreements during the first half of 2021, including 3 new European banks and one of the World's largest professional services firms.

Gresham appears to be continuing to prosper in the face of growing demand for its data solutions. Future prospects also seem encouraging, with the addition of the Electra set to boost opportunities in the US in particular.

[crazycanuck] 21/7/2021 08:42

I think it will some time but things are certainly looking very positive. from Research tree this morning.

Gresham has delivered a strong H1 with Clareti revenues up 22% lfl to £9.6m and Electra off to a good start. We note group cash EBITDA margins of 6% vs. PY 3% and expect continued margin improvements to drive earnings growth faster than revenue growth over the coming years. Electra cash EBITDA margins of 14% are also tracking ahead of our forecast 9%. With Clareti/Electra expected to break-even on this basis over the next 12 months, the operational gearing of the SaaS model continues to kick in. We have written elsewhere of the possibility of generating £5-10m FCF by FY24/5 and believe that could lead to material upside in the stock.

[jadeticl3] 21/7/2021 08:29

I am impressed by these results, but somewhat puzzled as to why there is no response in the market yet.

[weatherman] 21/7/2021 07:47

Looks good on this AM report.

[crazycanuck] 06/7/2021 07:22

well the trading update just came out.

[wwalbers1] 06/7/2021 06:39

Morning. Does anyone know what day the 1/2 year results come out? I have some paper certs I want to sell & buy back back electronically & I dont want to miss any break upwards

[gottafly] 22/6/2021 17:38

I have long since given up trying to understand the market but I would suggest that big change is on the way with GHT and that unsettles some (who will sell out) whilst present opportunities for others (see the RNS re Amati Global investors today).

As I stated in my last post, really looking forwards to the July half year and report. Certainly, NISinger (who in my view are not reknown for their positivity as regards GHT, certainly historically) seem (for them) very bullish.

I for one think GHT is in great shape but clearly the sellers do not agree, still what a boring world if we all thought the same!

[tiltonboy] 22/6/2021 14:54

There has been a persistent seller for a couple of months, selling in blocks of 10k/20k.

[zangdook] 22/6/2021 14:12

Today's the day the new shares are released. Still, they cost 160, so why would people be selling below that?

[wjccghcc] 22/6/2021 13:41

Someone's offloaded 200k or so. It's not that liquid so not surprising it's dropped.