ValueSeeker8
18 Apr 2019
Notification of Major Holdings MMGG Acquisitions Limited holds 3,572,500 of GATC shares (11.07%) as stated in the : Notification of Major Holdings - RNS.
Chiles
30 May 2018
A takeover prospect? The news that MMGG Acquisitions have become shareholders of more than 7%, does highlight that Gattaca is a prospect. Hence the share price uplift today, I presume. MMGG took over Monson in 2012. Monson still going strong as one of the major UK recruitment specialists.
Damp Seaweed
09 Feb 2018
Re: Another value trap Maritime,I think you are absolutely right.The sudden departure of the CEO and urgent release of update suggests that the problems run very deep. And now without a CEO the ship is a bit rudderless and might take some time to find a new direction.So having got over the damage to my ego, I have taken the hit and dumped my entire holding. Which was mercifully quite smallI shall not be darkening this door for quite a while.
marktime1231
08 Feb 2018
Re: Another value trap on reflection I have sold up, holding on to lame stock hoping for a recovery has not served me well, should have quit while ahead last year.
marktime1231
08 Feb 2018
Another value trap after all. So much for the positive expectation, no wonder the CEO had to go after serial bad news. More to do with mis-management of costs - they were short on the details of that - but it is the flattish business performance which disappoints most. No immediate obvious replacement, a candidate for a private equity turnaround? Not the only company to rush out bad news ahead of schedule recently, presumably they are obliged to update the market about significant events without delay once the news is out in the boardroom.An understandable halving of the dividend, so we are back to a yield of 5.8% and a forward p/e of about 8 on a sp of 200p. A tad oversold perhaps.
ValueSeeker8
07 Feb 2018
Re: Update Out tomorrow While they say in their financial calendar that the trading update will be released 8/02, they instead release it unexpectedly @ 14:30 7/02!. Is that in order to provide legal cover for the leak? I wonder. I also notice the downward trend since mid January!
ValueSeeker8
07 Feb 2018
Re: Update Out tomorrow While some 'privileged' people get preferential treatment, the individual shareholders are left in the dark!. This is unfair and it is fraud.
Damp Seaweed
07 Feb 2018
Re: Update Out tomorrow Just noticed that they have released 2 RNS's.Immediate observations; CEO is suddenly retiring and divi is being reset (ie cut drastically)Oh dear !
Damp Seaweed
07 Feb 2018
Update Out tomorrow Rather worrying big volume sales and 18% drop to 210p (as I type)Can't help feelings that there may have been a leak of disappointing resultsBut prepared to take a small punt with a top up DS fingers firmly cross
marktime1231
19 Jan 2018
Re: Boing Attracted to the dividend in the first place, I convinced myself this was a good prospect because we are enjoying record employment levels ... skilled resource demand and wage growth should translate into a boom for staffers like GATC. Some good news about better business performance and smarter financial management, or as you say the dividend might not last. Holding for a recovery in the sp.
Krayl
19 Jan 2018
Re: Boing I am only keeping this for the excellent dividend, with the hope that the share price will rebound a bit more. The divi however now is just about equal to the eps so will need improved profitability for the divi to be maintained.
marktime1231
19 Jan 2018
Boing Nice bounce back today and welcome divi.
IOMINVESTCOM
17 Jan 2018
Paul Scott's view Gattaca (LON:GATC)Share price: 260p (up 6.1% today, at 10:35)No. shares: 31.8mMarket cap: £52.7m(at the time of writing, I hold a long position in this share)Statement re share price movement (re Carillion)Gattaca plc ("Gattaca" or the "Group"
, the specialist Engineering and Technology (IT & Telecoms) recruitment solutions business, notes the recent share price fall.It sounds as if the financial impact is negligible;Whilst Gattaca has outstanding debts from the Carillion group, the vast majority of these are insured by a leading credit insurer and, at this time, we estimate our uninsured balance sheet exposure to be less than 100,000. The impact of Carillion's liquidation on our balance sheet will therefore be minimal. Our annual Net Fee Income from the Carillion group of companies is in the order of 0.5m. The company has not taken this opportunity to reassure on overall trading, which concerns me a little. Although it confirms that a trading update will be issued on 8 Feb 2018, for the 6 months ending 31 Jan 2018.My opinion - I've been getting increasingly bored with holding this share, as it seems to be allergic to rising in price. Although occasionally a large dividend is received, which temporarily alleviates my negative mood.Unfortunately, I contributed towards yesterday's sharp drop in share price. I noticed that a Director had sold some shares, and combined with worries over its possible Carillion exposure, I decided to sell some of my shares. My broker only managed to dispose of a few thousand shares, whereupon the share price began to plummet. It went into auction (triggered by a 10% fall in price apparently), and by this time it was looking like I'd have to take near to 230p to exit in any size.At that level I decided to pull my sell order, because it suddenly dawned on me that the Carillion exposure couldn't have been bad, otherwise a Director wouldn't have risked selling, and being accused of insider dealing (i.e. selling in advance of material bad news). Admittedly, such insider dealing is fairly commonplace on AIM (e.g. Telit Communications (LON:TCM) - where I remain short), so a Director selling is not a guarantee that there won't be imminent bad news. However, my feeling is that the Directors at GATC seem reasonably straight, so I wouldn't put them down as the type that would break the rules.That's worked out fine, as the shares have bounced a bit today. I'm concerned that the company might yet warn on profits though. Are the divis sustainable? The yield of about 9% suggests that divis might need to be cut in future. I'm on the fence about this company. Will probably hold my remaining shares, but not with any great conviction, as I suspect a profit warning could be on the cards in due course.The problem with so many small caps is that there's so little liquidity in the market. This can cause violent share price movements. That's both a nuisance, but can also provide opportunities to make money, if you're stock-picking is good, and you're not freaked out by sudden moves down. Selectively, panic sellers can sometimes hand us bargains on a plate. I'm not sure that's necessarily the case with this share though. Performance has been lacklustre of late.5a5f2b1199580GATC_chart.PNGNote that earnings forecasts have already been reduced. A further reduction would not surprise me in the least. Although there are some big infrastructure projects in the pipeline, which the company has previously mentioned as giving it confidence in future earnings.
marktime1231
17 Jan 2018
Re: Carillion Fallout? Well done GATC for having a measure in place to reduce the impact of a major customer not paying its bills. And well done for a crisp and quick answer to explain its exposure or lack of it. Maybe GATC are not so useless after all.The share price tumble was a jittery reaction, lets hope the 8 Feb update provides assurance that business is strong. Wait for that or grab a bargain now at p/e 8 and yield 9%?I just wonder if there is an upside for GATC ... someone needs to fill the gaps left by CLLN and their laid off subs.
MrMeerkat
17 Jan 2018
Re: Carillion Fallout? It’s good to see the statement this morning re Carillion impact. I should have topped up yesterday afternoon ...MM
