| 10:55 07/04/2012 | just bought in |
| Looks like the corner has turned for this one after a couple of tough years,notice there was plenty of director buying in 2009 and 2010-similar prices to where it is now,finally seem to be on the up and dividend now resumed. By spaceinvader2 |
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| 9:00 20/12/2011 | Growth Investor..... |
| GETECH BUY 19/12/2011 Miles Nolan http://www.growthcompany.co.uk/recommendations/1679883/getech.thtml Last month, Leeds University spinout GETECH Group delivered results well ahead of market expectations, and returned to the dividend list. GETECH, which is short for Geophysical Exploration Technology, is an oil services business specialising in the provision of exploration data. By using academic data it has successfully amassed the world’s largest archive of gravity and magnetic data. Spanning almost every country, it has taken over 20 years to amass this information, providing a huge barrier to entry for competitors. Indeed, such is the value of its work, GETECH now counts global giants such as BP, Shell and ExxonMobil as clients. In 2004 it formed the Petroleum Systems Evaluations Group, which built upon its existing field expertise and data to help clients reduce exploration risk. Using this data, and with the oil price high, GETECH has enjoyed strong demand as more projects are viable. By using the information it holds, clients are able to reduce their exploration risk as well as identify additional exploration opportunities. GETECH also holds ‘new frontier’ exploration data where it is aware of resources or deposits but there is no understanding of the tectonic structures. The Russian Arctic is deemed to be one of the last frontier areas for exploration of oil and gas. With this in mind, GETECH has secured links with Russian institutes to provide exclusive access to their aeromagnetic database. Thanks to the resumption of potential field sales in Russia, it has started to pick up new business, including a new contract worth more than $550,000 (£350,000). Data sales are high-margin to GETECH, due to its past sunk costs, but it still provides a vastly lower cost than the alternative of working in-house. The range of sales can vary from $5,000 to $1 million. Last year GETECH secured an integrated interpretation deal with gross revenue of $1.1 million. Shortly afterwards, it secured an exclusive marketing agreement with the Geological Survey of Iraq. This has since led to two sales, worth more than $1 million. More recently, it unveiled a further sale of its Iraq aeromagnetic dataset, which followed an exclusive marketing agreement with the Geological Survey of Iraq in December 2010. GETECH has strengthened its board significantly with the appointment of Stuart Paton as non-executive chairman. He was the former CEO so brings a wealth of experience, which should help secure new business. Commenting on his appointment, chief executive Raymond Wolfson said, ‘He brings the perspective of an oil company as well as a technical understanding.’ Results for the year to July revealed a 63 per cent jump in sales to £5.3 million, which helped GETECH swing to a £669,700 pre-tax profit (2010: £228,500 loss). This was in excess of broker forecasts of a £500,000 pre-tax profit. The net cash balance also jumped 20 per cent to more than £780,000, and should push through £1 million this year. GETECH also owns a large office in Leeds, which is in the books at £2.66 million – providing further asset backing. Encouragingly, the board anticipates that the first half of 2011/12 should continue the strong trend in gravity and magnetic data sales. GETECH is also receiving encouraging signs of interest in its multi-year global programmes, which should lead to useful ongoing revenue. Having strengthened its sales team, there is also a renewed focus on winning new business. GETECH is also considering acquisitions, if they can provide a useful addition to its current skill set. Upbeat on future prospects, Wolfson enthuses, ‘We are seeing a good stream of enquiries, but this business is all about relationship building.’ WH Ireland expects pre-tax profits to edge ahead to £730,000 in 2012, rising to £840,000 in 2013. The broker also argues that a fairer proxy for GETECH would be a shift of FTSE listing from oil and gas to the mo By SpikeyDT |
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| 9:02 02/11/2011 | Ready to step out on buying trail again |
| Getech ready to step out on buying trail again http://www.yorkshirepost.co.uk/business/business-news/getech_ready_to_step_out_on_buying_trail_again_1_3928106 Published on Wednesday 2 November 2011 09:36 EXPLORATION data firm Getech is considering resuming acquisitions, possibly funded through share issues, to capitalise on strong demand from oil and gas companies. Shares in the Leeds-based company gained 7.9 per cent yesterday, rising 1.5p to 20.5p, after beating market expectations and resuming dividends. The University of Leeds spin-out yesterday reported £670,000 pre-tax profits for the year to the end of July compared with £228,000 losses a year earlier. Revenues increased 63 per cent to £5.3m. Getech sells complex geological and geophysical data to help oil companies including Shell, BP and Exxon Mobil decide where to sink new wells. It has been boosted by consistently high oil prices, which are encouraging spending. It plans to pay a dividend of 0.2p per share, its first since early 2009. “We put acquisitions on hold because of a combination of the cash position not being sufficiently strong and the share price being low,” said chief executive Raymond Wolfson. “Our strategy is to look at acquisitions and we are doing that. It’s focused on businesses where we can see synergies.” Currently, about 51 per cent of the company’s shares are held by staff and directors, with university research incubator IP Group holding another 25 per cent. New chairman Stuart Paton, the former chief executive of Scottish oil firm Dana Petroleum who quit after its takeover by Korea National Oil Corporation (KNOC), said the company needs to free up its shares to improve liquidity. “That’s a position we would like to move towards,” he said. “As the share price moves up that might encourage people to look at opportunities.” Mr Paton said takeover targets, which tend to be privately-owned businesses, could be companies focused on drilling or those with complementary stores of data. “As the balance sheet strengthens we obviously have paper,” he said. “It’s really important that we do the correct deal and not feel pressured into doing a deal, but if the correct opportunity comes along we can move very quickly.” Getech ended July with net cash of £654,851. Its profits were boosted by terminating a revenue-share agreement with an unnamed party. Typically, it shares revenues with the original owners of the data, which include state oil companies and universities. Mr Wolfson said there was “ambiguity” in the licence, which in his view had expired. Eric Burns, analyst at house broker WH Ireland, said: “An unexpected early return to the dividend list suggests to us the generally cautious management team believe the company has definitively turned the corner. “The high-profile appointment of Stuart Paton as chairman has also improved the look and feel of the business and may open up future opportunities in the sector.” By SpikeyDT |
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| 20:30 01/11/2011 | Growth Investor-Robert Tyerman |
| Turnaround at GETECH 01/11/2011 Robert Tyerman http://www.growthcompany.co.uk/news/1665543/turnaround-at-getech.thtml Resources exploration data specialist GETECH (GTC) is resuming dividends after turning £228,500 annual losses into £670,000 pre-tax profits. The AIM-quoted company, originally a Leeds University spin-off, increased turnover 63 per cent to £5.3 million in the year to July, helped by a $1.1 million (£690,000) proprietary contract and an exclusive marketing deal with the Geological Survey of Iraq covering aeromagnetic data, which added £475,000 to sales. Chaired since May by ex-Dana Petroleum boss Stuart Paton and steered by chief executive Raymond Wolfson, GETECH ended its financial year with cash up nearly 60 per cent at £1.3 million and net cash improved from a negative £129,300 to a positve £654,851. Paton argues historically high oil and gas prices (outside the USA) have helped a recovery for exploration and production companies, which should boost spending on GETECH's services. GETECH, which turned a loss of 0.86p a share into earnings of 1.84p a share in 2010-11 is proposing a final dividend of 0.2p a share. That puts the shares at 20.5p, which floated at 39p in 2005 and fluctuated between 27.25p and 14p over the past year, on a yield of 0.9 per cent. Broker WH Ireland has upgraded its 2012 pre-tax profit forecasts to £730,000, producing EPS of 1.9p. It sets a 29.5p share price target on GETECH. Tags: AIM market, Dana Petroleum, Iraq deal, Leeds University, Raymond Wolfson, Stuart Paton Sector: Oil Equipment, Services & Distribution Companies: GETECH By SpikeyDT |
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| 7:31 01/11/2011 | Getech back in the black |
| Getech back in the black 1st November 2011 http://bit.ly/rA024F Share:By Joanne Birtwistle - Deputy Editor, North West OIL services company Getech has returned to profit and increased its turnover by 63% to £5.3m over the last year. The Leeds-based business posted a pre-tax profit of £898,199 for the full year to the end of July 2011, a much improved performance on the £228,497 loss it made the previous year. The company has moved into a positive net cash position which, after outstanding debt, rose by £784,170 to £654,851. Major successes included the rights to market the Iraqi gravity and magnetic data, and a $1.1m proprietary contract. Stuart Paton, non-executive chairman of Getech, said: "With the increased strength of our balance sheet by July 2011, the increased extent of our data library and the ongoing integrated study work, I believe that we have now built a strong foundation for the coming years." The company said it has made a "solid start" to 2011/2012, adding that in the first half of the year there will be a continuation of the strong trend in gravity and magnetic data sales and it will begin to see the benefits from investment in its geological initiatives. Mr Paton added: "We have already reported two significant data sales after July this year and anticipate that there will be further positive developments during the year". The company is to resume its dividend, paying 0.2p for the year. By SpikeyDT |
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| 8:15 01/09/2011 | Yorkshire Post.. |
| IP Group to step up help for university spin-outs IP Group chief executive Alan Aubrey By John Collingridge City Reporter http://www.yorkshirepost.co.uk/business/business-news/ip_group_to_step_up_help_for_university_spin_outs_1_3731064 Published on Thursday 1 September 2011 07:54 UNIVERSITY spin-out developer IP Group underlined the importance of innovation to the UK economy as it made strides in growing the value of its portfolio of companies. The group, which has stakes in Yorkshire spin-outs including Tissue Regenix, Tracsis, Getech and Avacta, said it will play a growing role in helping turn UK university research into business. IP Group raised £55m from investors earlier this year, and plans to ramp up its investment in its portfolio of 65 technology companies, as well as developing new opportunities. The value of its investment portfolio hit £115.3m at the end of June, up from £101.3m at the end of 2010 and £110m a year earlier. “Innovation has never been of such importance to the UK economy and... the group will play an increasingly important role in helping UK innovation to reach the market,” said chief executive Alan Aubrey. Universities face a tough time as the squeeze on public spending puts pressure on research budgets. IP Group has exclusive relationships with 10 of the UK’s most research-intensive universities, including York and Leeds. Greg Smith, recently promoted to chief financial officer, said: “We’ve got one of the most productive science bases in the world. “It’s widely regarded by most of the UK’s political parties that technical innovation is vitally important for economic growth in the UK... and returning to the high-tech industries rather than bulge bracket manufacturing is something we are very supportive of. “IP Group can play a role in doing that quite difficult task of taking what’s a fundamental idea that’s never been seen before and making it into a commercial business. It’s not an easy thing to do.” The value of IP Group’s quoted companies fell to £45.5m during the first six months of 2010, from £50m six months earlier. Mr Smith said another £2m was wiped from their value during August’s financial turbulence. “In the short-term about 40 per cent of our portfolio is AIM or Plus markets quoted companies and so we can see a bit of volatility in the share prices of these companies. “The good thing is these quoted companies continue to make some really good commercial and technological progress.” Two of its largest unquoted companies, Oxford Nanopore Technologies and Reyolymer, raised a combined £30.8m, helping the value of its unquoted post-seed businesses achieve a combined value of £65m. That compared with £56.3m six months earlier. Mr Smith hailed the progress made by York-based biotech firm Tissue Regenix. The company, spun out of the University of Leeds in 2006, believes it is poised to become “a major player in regenerative medicine”. It won CE approval a year ago, allowing it to market its replacement body parts products in Europe. Tissue Regenix’s broker Peel Hunt described the company as “one of the most exciting medical device opportunities in the UK”. Mr Smith said the volatile market, plus its new financial firepower, means it will not float companies on the stock market prematurely. “We are not factoring in a large number of AIM floats as a strategy,” he said. “We’re not saying we won’t take companies to market. But it’s more likely we will maintain our holdings in our private companies, or keep them private for longer.” IP Group fell to a £4.1m pre-tax loss, deeper than the £3.8m losses seen a year earlier. But Mr Aubrey said the company is “well placed to deliver significant value for shareholders over the medium to long term”. Shares in the company gained 3.5p to close at 46.5p, rising more than eight per cent. Analysts at house broker Numis Securities reiterated a ‘buy’ recommendation, with a 63p target price. Partne By SpikeyDT |
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| 13:08 09/08/2011 | Stockeye |
| Market Watch - Rockhopper Exploration & GETECH Group 09/08/2011 Stock Eye has placed Rockhopper Exploration (RKH) and GETECH Group (GTC) on its Watch List today. Rockhopper has reported the success at its 14/10-6 appraisal well and its Board now considers Sea Lion as commercially viable. GETECH will report record revenues for the year ended 31 July 2011 along with a trading profit which is ahead of market expectations. Visit Market Watch for more details. http://stockeye.weebly.com/market-watch.html By SpikeyDT |
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| 8:22 09/08/2011 | Re: Fox-Davies Capital Says.. |
| Getech confident of record performance THEBUSINESSDESK.COM: http://bit.ly/pjyaAL via @AddThis By SpikeyDT |
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| 8:14 09/08/2011 | Re: Fox-Davies Capital Says.. |
| Bought in this morning @20.85p, can't believe its unnoticed at the moment, great trading update! GLA DYOR Ant By share ant |
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| 8:02 09/08/2011 | Fox-Davies Capital Says.. |
| Fox Davies Capital Tuesday, Aug 09 2011 by Fox Davies Capital http://bit.ly/nf5nNC Getech (LON:GTC) (Monitored Coverage) (GTC, 20.5p, ► 0.0%) the oil services business specialising in the provision of exploration data and petroleum systems studies and evaluations, announced a trading update in respect of its year ended 31/o7/11. The Company stated that it will report a record level of revenue, and a trading profit which exceeds market expectations. The directors believe this reflects, in part, the general recovery in the market and, in part, the major successes which have been reported through the year. Investment has continued in various projects during the year. Raymond Wolfson, Chief Executive, commented “I am very pleased with our trading this year. The result will demonstrate the continuation of our recovery notwithstanding our continuing investment in future projects …. We are particularly satisfied with our data sales in the year and I believe we are now positioned for continuing growth." By SpikeyDT |
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| 9:09 03/06/2011 | Yorkshire Post.. |
| IP Group to raise £55m http://www.yorkshirepost.co.uk/business/business-news/ip_group_to_raise_55m_1_3443509 Published on Friday 3 June 2011 08:50 IP Group, which turns university research into business, has revealed plans to raise £55m from investors to plough into its portfolio of growing companies. It said the placing and open offer will increase the rate of investment in these companies and help it spin out new businesses. The group has stakes in Yorkshire spin-outs including Avacta, Getech, Tracsis and Tissue Regenix, as well as its smaller business incubator rival, Sheffield-based Fusion IP. It added the fundraising will also allow it to maintain or increase its stakes through subsequent fundraising rounds. The issue of 110m new shares at 50p each is a six per cent discount to the closing price on Thursday. IP Group chief executive Alan Aubrey said: “A number of the group’s portfolio businesses have made excellent recent progress towards achieving key commercial milestones. This proposed equity raise will enable the group to maintain or increase stakes in these post-seed opportunities whilst also increasing its overall rate of investment. “Strengthening the balance sheet in this way provides the group with greater flexibility to lead investment rounds whilst decreasing its reliance on external capital, thereby ensuring that we are able to maintain significant minority stakes in the most promising opportunities. We remain confident that our strategy will generate significant long-term returns for shareholders”. The share issue will increase IP Group’s share capital by 43 per cent. It will raise £53.3m after expenses By SpikeyDT |
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| 11:48 27/05/2011 | Re: Outlook? |
| We shall have to wait see. They are not very open or forthright even when there is soemthing useful to report, but as i said on 27/4:................ "With new people with credentials like that on board + the options issued as such + increased number of clients + growing popularity for their service in a lively market, it's likely to go much higher" By geoffmango |
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| 8:31 27/05/2011 | Outlook? |
| Although I sold on the initial news rise I still think GTC is a fundamentally valuable proposition. I could buy back in at a lower price than I sold at but what are folks out there thinking? I'd like to think I had Nostradamus like vision LOL but just got lucky on the hunch that initial exuberance would fade. By r21442 |
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| 10:28 03/05/2011 | Re: Likely to go much higher |
| It is again after someone paid premium for 13K and MMs did the job upping the bid / offer By BuySel |
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| 22:12 27/04/2011 | Re: Likely to go much higher |
| I had to buy in 2 tranches this morning, wanted more but had to do the school run, didn't want to take the risk on NT's - try to avoid those as been stung once or twice. Only 2 trades went through on plus today, http://www.plus-sx.com/companies/trades.html?isin=GB00B0HZVP95&securityName=GETECH+GROUP+ORD But it is very hard to buy as so few shares available. GLA DYOR Ant By share ant |
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