JTC plc, the global professional services business, issued a FY trading update for the year ended 31 December 2024 this morning. 2024 marked the first year of the Company's Cosmos era business plan, during which it aims to double revenue and underlying EBITDA from that reported in 2023 (revenue £257.4m; underlying EBITDA £85.9m) within a four-year timeframe. If successful this would represent the third time that the company has doubled in size since its listing in 2018, with the prior Odyssey era (2018 to 2020) and Galaxy era (2021 to 2023) plans being delivered successfully through a combination of organic and inorganic growth. And today’s update indicated that the business is already on track to meet its medium term ...
...from WealthOracle
wealthoracle.co.uk/detailed-result-full/JTC/1202 |
A firm break above 1127 would be nice but not looking likely this side of the weekend.
I'm happy with it staying above say 1075 for now. I shalln't be so happy if it breaks below 1025. |
 Compliance Corner – JTC Launches Enhanced Escrow Services, Wins Dutch Licence
Global professional services provider JTC has launched an enhanced escrow services proposition for the European market.
The Dutch central bank – De Nederlandsche Bank – has granted JTC a new licence under the European Union’s Second Payment Services Directive (PSD2).
The licence allows JTC to act as an independent and neutral escrow and settlement agent in major transactions, holding funds and assets safely on behalf of parties on both sides of a transaction. In particular, the new service includes wire transfer and deposit services in relation to M&A transactions, collection and distribution of investor commitments, litigation and arbitration awards and milestone-based transactions.
PSD2, which came into force in January 2016, was designed to sharpen competition in the European payments market.
“This new service has been launched in direct response to market demand in order to meet the increasingly complex needs of companies and investment funds undertaking transactions in a sophisticated corporate environment," Dewi Habraken (pictured), senior director, business development, JTC, said. "The risks inherent in the modern global M&A environment as well as shifting client requirements are meaning that using an independent, expert escrow agent is increasingly attractive." |
This was a week ago - offering investors access to US mid-market stocks: |
ditto.
HUW has been my other best gainer. (can't expect that one do quite as well going forward but even a fraction of its performance will suffice, so am keeping some) |
Few million shares gone through in delayed trade c. 12.45am and price going better. Perhaps worst is over. |
Volume & price! |
Dunno. Unless it is concern at the digestibility of latest acquisitions, and associated goodwill figures. Or maybe analysts just need a few days to get their head around the rejigging of JTC's geographic footprint? - though the tilt towards America is long planned. Or maybe just banking this year's great gains. I've added. |
Maybe buyers will return later in the day. Not quite sure what the disappointment is here if anyone can help, |
So is this a good one to buy on the pull back? |
Surely the inline is with the newly upgraded guidance. One broker increased fy26 by 10% yday on the deal and these results are in-line with that. |
A bit churlish. Given the rating and "in line" guidance I suppose it could be expected. Not sure how "in line" squares with yesterday's earnings enhancing deal - suggests guidance required the deal. Price to rally after company speaks to investors? I remain a happy holder of many years standing. |
Price drops on results.. |
Monday 16 September 2024 7:44 am
JTC snaps up Citi Trust as it continues transatlantic takeover spree |
" It is a transformational transaction for the Group" (ceo) |
Great deal from a truly well run company |
H1 Results out 17 September |
Interesting acquisition news from JTC this morning. Positive effect on a share price that was already strong. (Up by more than a third so far this year (37%). |
Interesting acquisition news from JTC this morning. Positive effect on a share price that was already strong. |
If my memory serves me, JTC decided to post less and focus on other things after his divorce several years ago. Was it 2020? Can't remember. I too hardly post nowadays after being an avid reader and poster here. |
I only bought in on the 19th March, but so far very pleased with my decision |
Good results today, albeit with EPS falling due to 'non-underlying' items |
Anyone know what happened to Cod? Did he just decide to get on with his life, or did covid or something get him? |
Results look reasonable today. |
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