Veltyco – creditors “materially in excess of the group's current cash resources”… and that’s not all…
Neil Woodford Disaster of the day 3: Kier – trading in-line (i.e. grim) and the rats are leaving the sinking ship
Tom Winnifrith Bearcast: Lucky Lord Lucan don't bludgeon the Angus share price to death, it's time to 'fess up
Neil Woodford disaster of the day 2: Non-Standard Finance “moderating” targets & warning on profits. Ouch!
Neil Woodford disaster of the day 1: Eddie Stobart refinancing via 25% interest rate loan, equity almost worthless
Geoscience and geospatial provider Getech (GTC) has announced results for the first half of 2019 and noted “49% order book growth (£3.0 million at 30 June 2019) and a 57% expansion in annualised recurring revenue (£2.3 million at 30 June 2019)”…
Provider of geoscience and geospatial products and services, Getech (GTC) has updated including “although H1 2019 revenue was lower than in H1 2018, new sales have strengthened Getech's forward earnings path”…
Provider of geoscience and geospatial products and services to companies and governments, Getech (GTC) has announced 2018 calendar year results and that “we have entered 2019 with a busy schedule of sales campaigns and we consider Getech to be well positioned to deliver diversified organic growth”…
Provider of geological products and services Getech (GTC) has announced results for the first half of 2018, noting “a robust sales pipeline” and “we expect 2019 budgets to set a clearer and more positive path”...
Having recently slid below 35p, shares in Getech (GTC) have now recovered to that level ahead of results “on or around the end of September”…
This is a share tip that has not worked out. We are well down on the 37p offer price of January - our timing was imperfect. To be fair, we advised averaging down a week or so ago at a 24p offer. Shares in the geoscience and geospatial group Getech (GTC) are now 26p offer after a very good trading update and at this level they are a strong buy.
Provider of data, studies and services to the natural resources and energy sectors, Getech (GTC) has updated in conjunction with its AGM – and the shares have currently responded approaching 10% higher, to 35p…
Specialist exploration data and petroleum systems studies and evaluations provider, Getech (GTC) has announced results for its year ended 31st July 2016, including axing the dividend as oil prices remained “low and volatile”. The following reviews, with the shares currently more than 11.5% lower on the day, at 26.5p…
With its shares down at levels barely seen since more than four year ago, data and services provider to the natural resources industries, Getech (GTC) “is pleased to announce the appointment of Dr Jonathan Copus as Chief Executive Officer with immediate effect… Jonathan does not hold any shares in the company but… on his appointment, the company will grant Jonathan Copus 1.4 million share options”. Hmmm, let’s take a look…
Having emphasised caution on shares in provider of data, studies and services to the oil, gas and mining exploration sectors, Getech (GTC) at 37.5p HERE, the following updates with them currently a further couple of percent lower, at 26p, on the back of a “Trading Update” with regard to the company’s year to end July 2016…
Having followed a profit warning with news that its CEO is to walk the plank, geoscience services group Getech (GTC) has announced results for its half year ended 31st January 2016. They ain’t pretty…
Having followed an August update that “market conditions in the year ahead will remain challenging but, based on the existing contracts and continued client interest, the directors remain optimistic for the future” with a November warning that “there remains considerable uncertainty about the state of the market and… accordingly we believe the year ahead will be trading substantially below current market expectations”, Getech Group (GTC) has now announced that “Raymond Wolfson is stepping down as Chief Executive Officer and director of the company with effect from no later than 31 July 2016”…
Geoscience services group specialising in the provision of data, studies and services to the oil, gas and mining exploration sectors, Getech (GTC) has announced results for its year ended 31st July 2015 showing a pre-tax profit of £1.99 million on revenue up to £8.64 million, generating earnings per share of 5.77p, up from a prior year 5.21p. The shares have responded… currently down approaching 14% at 37.5p! Hmmm…
Provider of exploration data and petroleum systems studies and evaluations, Getech Group (GTC) has announced results for a “challenging” year to 31st July 2014, though has “confidence that 2014-15 will be a very much better year”. The following updates after I previously suggested the shares have speculative recovery appeal.
Shares in geoscience business specialising in the provision of data, studies and services to the oil, gas and mining exploration sectors, Getech (GTC) currently trade more than 13% higher today, at 64.5p, on the back of an announcement of “its largest ever single new contract, worth $5 million”. I update in the following having last month concluded, at 53p, that the shares looked to have some speculative appeal.
Specialist in the provision of data, studies and services to the oil, gas and mining exploration sectors, Getech (GTC) has updated of a “strong end to its financial year” and that it enters its new financial year “with confidence that we can deliver substantially improved performance”. The following reviews with the shares up to a current 53p today – I having previously been cautious at 74.5p HERE. Do I still think you should sell the shares or is it time to buy?
Special thanks go today to the directors Getech (GTC). For a while, I’ve had in mind a new feature looking at excessive or unjustified executive compensation. It is no wonder that AIM has the reputation it does for rewarding corporate failure so generously. Too many listed companies appear to be run solely for the benefit of incumbent directors. This is a key part of the reason that buying and holding AIM stock can be such a suicidal investment strategy. Unfortunately, little will ever likely be done about this issue so all we can do is report it as we come across it. The good news is that director behaviour in paying themselves can be one of the best indicators for identifying which stocks to avoid (often like the plague!). This new feature will hopefully go some way in helping you avoid one of the more treacherous pitfalls on AIM. Welcome to Directors at the Trough.
I have two very important questions for whoever writes Getech Group’s (GTC) RNS announcements. What are you smoking? May I have some please? In what has been a calamitous six months for Getech, it still clings onto its faith in the strength of demand for its services and “high levels of interest and positive feedback on its major product, Globe”. Unfortunately for the company and its poor shareholders none of this has translated into sales and the stock has tanked. Today’s latest profits warning needs to be read to be believed; talk about making the best of a bad situation!
Getech Group (GTC), the provider of data, studies and services to the oil, gas and mining exploration sectors,failed miserably in trying to put a positive spin on its results yesterday. The shares closed down more than 29% at 74.5p, leaving the business with a market cap of just over £22.5million. So what can be learned from this?
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