Roundish
04 Jan 2017
Nice tick up but... ...after some years, this stock seems to have good II support and a decent future. The new CEO is focusing on and delivering sales and the product clearly works and delivers real value. I think that 180p is a decent short term target but if they deliver on their potential, this stock will surprise this year.Great to see a British success story in a sea of negative press about Brexit.
Roundish
29 Dec 2016
Re: £1.80 price target Thanks for posting this.The news about securing a license for a Tier 1 US financial institution is great news. While the flood gates may not be about to open, this will almost certainly lead to much wider adoption over time. A nice way to finish the year.
hasinaforgcm
29 Dec 2016
Re: £1.80 price target Some comments from and about Cantor on Gresham from ADVFN:"Cantor Fitzgerald has initiated coverage on five UK-listed technology stocks which the broker feels all “stand before significant GLOBAL market opportunities.”""Elsewhere, brokerage firm Cantor Fitzgerald focused on the UK tech sector and initiated coverage on five stocks, which it said were "ideas for 2017". These included Technology Group (LON:ACSO), Blancco Technology Group (LON:BLTG), dotDigital Group (LON
OTD), GB Group (LON:GBG) and Gresham Technologies (LON:GHT), all newly rated as 'buy'.In a note to clients, analyst Kevin Ashton said: “If there is a common theme for the five companies that we initiate on today it is that they have strong business models with very high marginal returns on capital that either throw off strong (mostly and/or increasingly repeat revenue driven) FCF, or are set to." He added: “Several of the companies can be considered global or emerging global leaders in their niche and all of them stand before significant global market opportunities.” And, after years of rebuilding the company, Ashton said he believes that financial data integrity solutions group Gresham “is finally ready to enter a period of strong revenue growth that should lead to sustained and strong FCF generation.”He has an 180p price target on Gresham.
hasinaforgcm
28 Dec 2016
First US Tier 1 bank contract win for CTC 28 December 2016Gresham Technologies plcFirst US Tier 1 bank contract win for Clareti Transaction ControlGresham Technologies plc (LSE: "GHT", "Company" or the "Group"
, the leading software and services company that specialises in providing real-time transaction control and enterprise data integrity solutions, is pleased to announce that it has signed its first Clareti contract win with a US Tier 1 bank.In a five-year contract, a US-based global financial services institution has adopted the Clareti platform to help drive a technology enabled transformation in the processing operations of one of its key businesses. The customer will deploy Clareti Transaction Control (CTC) to replace out-dated manual processes and user developed applications, improve data quality and customer service, and reduce operational processing costs.The contract has a minimum contracted value of $1.1 million over the term which will contribute to the Group's planned revenues for the current year and future years. Additionally, the Company expects to receive implementation consulting revenues, and there is potential for licence growth in future years as the customer's use of the Clareti platform increases.Ian Manocha, CEO, commented:"This is the first major sale for our New York team with a Global Systemically Important Bank (G-SIB) and demonstrates the strong potential for our technology in the strategically important US market.The North American financial services community are under increasing pressure to improve the integrity of their data and controls and I believe the Group is well positioned to capitalise on this opportunity."EnquiriesGresham Technologies plc+44 (0) 207 653 0200Ian ManochaRob GrubbN+1 Singer (Broker)+44 (0) 207 496 3000Nic HellyerLauren Kettle
Roundish
23 Dec 2016
4th Clareti Insurance market win ...nice trend developing.The reconciliation of insurance premiums paid monthly on account; payments to the ultimate insurers; payments of broker commissions; repayments of terminated insurance contracts etc is a complex area which requires exquisite management of the process and visibility to all parties. Seems like a neat fit for Clareti.Like the new price target too!!!
Roundish
23 Dec 2016
£1.80 price target Cantor Fitzgerald today initiates coverage of Gresham Computing PLC (LON:GHT) with a buy investment rating and price target of 180p.
sharegardener
08 Oct 2016
Growth prospects New developments here with placing of just over 3M shares to raise capital for acquisition of C24. Capital Markets presentation outlines their strategy with new products via C24 and also a JV with Mount Street to launch Clareti Loan Control.Plan to rename slightly to 'Gresham Tech'.Kestrel & Schroder are the top 2 institutional holders with about two thirds shares in top 8.Recycling cash flow back into the business looks like the priority over dividends for now.SG
LoadsaDosh2
03 Jun 2016
Re: DIVIDENDS As reported in the final results, a maiden dividend might be paid in 2017 so no dividends paid to date:"As reported last year, we received court approval in March 2015 to make the necessary changes to our capital structure, through cancellation of the share premium account, such that the Company now has the ability to pay dividends and make other returns of capital when the Board considers it appropriate and desirable to do so. As a Board we are committed to commencing a progressive dividend when the circumstances are deemed to be appropriate. Whilst our priority remains to reinvest cash generated in 2016 into the business to support our strategic aims, as a Board we have a firm intention to review the position subsequent to that and consider declaring a maiden dividend in respect of financial year 2017. "
Operapete
05 May 2016
DIVIDENDS I see that the Fundamentals page shows Ordinary Dividends of £3.2m for both 2014 & 2015 but, lower down the page, Dividends per share 'n/a'. Is this perhaps a 'typo', as I certainly did not receive a Divi in either year?
sharegardener
25 Jan 2016
Finals trading update Good progress being made with rising revenue, more customers for CTC and end of year cash 4.7M pounds. 'In line with expectations'.Apart from an early uptick, SP hasnt budged!The full FY15 results will out 'early March'More CTC customer announcements will need to happen to demonstrate convincing sustained growth (and perhaps a maiden divi?) but current SP looks reasonable value SG
Vipers Ox
05 Jan 2016
Re: Kestrel's Holding I'm fully loaded up here - They are punching well above their weight and as you mentioned have good institutional support. i wont sell any until the sp reaches £5 (which I fully expect within the next 3 years) all IMH
sharegardener
02 Dec 2015
Re: Kestrel's Holding Kestrel are gradually acquiring more shares - now up to almost 7.4M 11.64% in latest RNS. Steady gradual accumulation over the last few years. (Max Royde as senior NED has the interest.)Overall approx 65% of shares are held by Institutional Investorsschroder 14%, JO Hambro 7.3%, Herald 6.1%, Majedie 5.5% HargreaveHale 5.5% seem to be the biggest.To me this all looks like confidence in the long term prospects in the Co. and the new CEO I notice that FDM who are listed as partner on Greshams website are doing pretty well with better recent SP performance than GHT.Im pondering whether or not to add more before the finals which should be out in late Jan (announced 27th Jan in 2015). SG
Roundish
02 Nov 2015
4 CTC wins for new CEO ...and the momentum builds.
TheDrewster
10 Aug 2015
Re: Half Year Results I suspect the evidence you seek will be hard to come by. What tier one financial institution wants to put up its hand and admit to its previous reconciliation issues?Everyone knows most are totally reliant on Excel spreadsheets, though again, dew would publicly admit as much.
sharegardener
10 Aug 2015
Half Year Results Results look good at first glance with £4M net cash and their CTC software sales rising and more customers being signed up.[link] have also released a new version of CTC explained in link below[link] for cloud based services to launch this autumn. Software security standards approval obtained in June for major payment cards.Although they look like a leader in this type of software I would like to see more evidence of its adoption and wider uptake by major banks etc. It does look like a niche area with rising demand but banks may choose to develop their own solutions in house or a rival could leapfrog with a superior offering. The new CEO appears focused on building the CTC product and getting it out globally so H2 should also be strong.good luck all. SG
