Aankondiging • Jul 09
Gresham Technologies plc(LSE:GHT) dropped from FTSE techMARK All-Share Index Gresham Technologies plc(LSE:GHT) dropped from FTSE techMARK All-Share Index Aankondiging • Jun 21
Gresham Technologies Expects Shares Listing Cancellation on LSE Effective July 10 On 9 April 2024, the boards of Alliance Bidco Ltd. ("Bidco") and Gresham Technologies plc ("Gresham") announced that they had reached an agreement on the terms of a recommended cash offer by Bidco to acquire the entire issued and to be issued share capital of Gresham (the "Acquisition"). The Acquisition is being implemented by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme"). Suspension of listing of, and dealings in, Gresham Shares on the London Stock Exchange is expected by 7.30 a.m. on 9 July 2024. Effective Date of the Scheme is expected on 9 July 2024. Cancellation of listing and admission to trading of Gresham Shares on the London Stock Exchange is expected by 7.30 a.m. on 10 July 2024. New Risk • Jun 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Shareholders have been diluted in the past year (6.8% increase in shares outstanding). Aankondiging • May 12
Gresham Technologies plc, Annual General Meeting, Jun 18, 2024 Gresham Technologies plc, Annual General Meeting, Jun 18, 2024. Location: the offices of singer capital markets, 1 bartholomew lane, ec2n 2ax, london United Kingdom Declared Dividend • May 01
Dividend of UK£0.0075 announced Dividend of UK£0.0075 is the same as last year. Ex-date: 9th May 2024 Payment date: 10th June 2024 Dividend yield will be 0.5%, which is lower than the industry average of 1.7%. Payout Ratios Payout ratio: 20%. Cash payout ratio: 14%. Aankondiging • Apr 30
Gresham Technologies plc Announces Interim Dividend , Payable June 10, 2024 Gresham Technologies plc announced, the Board is declaring an interim dividend of 0.75 pence per share (FY22: £nil) instead of a final dividend (FY22: 0.75 pence). It is intended to pay the interim dividend on 10 June 2024 to all shareholders on the register at close of business on 10 May 2024. The ex-dividend date will be 9 May 2024. Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: UK£0.037 (vs UK£0.035 in FY 2022) Full year 2023 results: EPS: UK£0.037 (up from UK£0.035 in FY 2022). Revenue: UK£49.0m (flat on FY 2022). Net income: UK£3.08m (up 6.7% from FY 2022). Profit margin: 6.3% (up from 5.9% in FY 2022). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Aankondiging • Apr 19
Gresham Technologies plc, Annual General Meeting, May 16, 2024 Gresham Technologies plc, Annual General Meeting, May 16, 2024, at 11:00 Coordinated Universal Time. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to UK£1.61, the stock trades at a trailing P/E ratio of 54.5x. Average forward P/E is 19x in the Software industry in the United Kingdom. Total loss to shareholders of 2.5% over the past three years. New Risk • Feb 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company. Aankondiging • Jan 17
Gresham Technologies plc Announces Executive Changes Gresham Technologies plc announced the appointment of Andrew Elmore as Chief Technology Officer. Simultaneously, the Company announced that Neil Vernon, the current CTO, will transition into a newly created role as Chief Product and Innovation Officer. Andrew Elmore joins Gresham Technologies from AutoRek, where he has over two decades of experience in the financial technology industry, bringing a wealth of expertise in software development, cloud computing, artificial intelligence, and cybersecurity. His appointment as CTO underscores Gresham's commitment to deliver transformative data and technology solutions for the finance industry. Prior to his most recent CTO role at AutoRek, Andrew held senior technology positions at Banco Santander and SmartStream. Neil Vernon, incumbent CTO, will transition to the newly created role of Chief Product and Innovation Officer, with a focus on identifying and driving next generation product development, including artificial intelligence and machine learning, to serve the evolving needs of the financial services data landscape. Aankondiging • Oct 17
Gresham Technologies plc Appoints Richard Last as Independent Non-Executive Chair Gresham Technologies plc announced that it has appointed Richard Last as independent non-executive Chair, effective immediately. Richard's appointment follows a thorough and comprehensive process undertaken by the Nomination Committee, led by Andy Balchin, Senior Independent Non-Executive Director. Richard brings a wealth of public company experience to the Board and is currently Chair of Tribal Group Plc, as well as non-executive director of Corero Network Security Plc. In addition, Richard is the Chair and/or non-executive director of a number of privately held companies. Over the past five years, Richard has held Chair positions at Gamma Communications Plc, Hyve Group plc, Arontech Group Plc, Lighthouse Group Plc, and Servelec Group Plc. Previously, he was a non-executive director of CSE Global Limited, a Singapore listed company. The Directors have determined that upon appointment, Richard Last will be independent. Board Change • Aug 09
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Jenny Knott was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 27
First half 2023 earnings released: EPS: UK£0.013 (vs UK£0.019 in 1H 2022) First half 2023 results: EPS: UK£0.013 (down from UK£0.019 in 1H 2022). Revenue: UK£23.9m (up 4.0% from 1H 2022). Net income: UK£1.12m (down 27% from 1H 2022). Profit margin: 4.7% (down from 6.7% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Aankondiging • May 23
Gresham Technologies plc to Report First Half, 2023 Results on Jul 26, 2023 Gresham Technologies plc announced that they will report first half, 2023 results on Jul 26, 2023 Reported Earnings • Mar 15
Full year 2022 earnings released: EPS: UK£0.035 (vs UK£0.013 loss in FY 2021) Full year 2022 results: EPS: UK£0.035 (up from UK£0.013 loss in FY 2021). Revenue: UK£48.7m (up 32% from FY 2021). Net income: UK£2.88m (up UK£3.89m from FY 2021). Profit margin: 5.9% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Feb 16
Now 21% undervalued Over the last 90 days, the stock is up 6.3%. The fair value is estimated to be UK£2.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Aankondiging • Jan 10
Gresham Technologies plc to Report Fiscal Year 2022 Results on Mar 14, 2023 Gresham Technologies plc announced that they will report fiscal year 2022 results on Mar 14, 2023 Price Target Changed • Nov 16
Price target decreased to UK£2.20 Down from UK£2.50, the current price target is provided by 1 analyst. New target price is 48% above last closing price of UK£1.49. Stock is down 13% over the past year. The company posted a net loss per share of UK£0.013 last year. Reported Earnings • Jul 27
First half 2022 earnings released: EPS: UK£0.019 (vs UK£0.008 loss in 1H 2021) First half 2022 results: EPS: UK£0.019 (up from UK£0.008 loss in 1H 2021). Revenue: UK£23.0m (up 55% from 1H 2021). Net income: UK£1.54m (up UK£2.13m from 1H 2021). Profit margin: 6.7% (up from net loss in 1H 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is expected to shrink by 2.5% compared to a 22% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 05
Gresham Technologies plc to Report First Half, 2022 Results on Jul 26, 2022 Gresham Technologies plc announced that they will report first half, 2022 results on Jul 26, 2022 Price Target Changed • Apr 27
Price target decreased to UK£2.20 Down from UK£2.50, the current price target is provided by 1 analyst. New target price is 34% above last closing price of UK£1.65. Stock is down 1.5% over the past year. The company posted a net loss per share of UK£0.013 last year. Aankondiging • Apr 01
Gresham Technologies plc, Annual General Meeting, May 10, 2022 Gresham Technologies plc, Annual General Meeting, May 10, 2022, at 10:00 Coordinated Universal Time. Location: The offices of Singer Capital Markets at 1 Bartholomew Lane London United Kingdom Aankondiging • Mar 10
Gresham Technologies plc Proposes Final Dividend for the Year Ended 31 December 2021 Gresham Technologies plc proposed a final dividend for approval at the AGM for the year ended 31 December 2021 of 0.75 pence per share. Reported Earnings • Mar 09
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: UK£0.013 loss per share (down from UK£0.018 profit in FY 2020). Revenue: UK£37.0m (up 50% from FY 2020). Net loss: UK£1.01m (down 180% from profit in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 13%, compared to a 28% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Aankondiging • Jan 13
Gresham Technologies plc Provides Revenue Guidance for the Year Ended December 31, 2021 Gresham Technologies plc provided revenue guidance for the year ended December 31, 2021. For the year, the company expects group revenues up 48% to £36.8 million, including a contribution of £5.4 million from Electra since acquisition. Following a strong fourth quarter performance, overall revenues, earnings and cash are all ahead of market expectations. Reported Earnings • Jul 23
First half 2021 earnings released: UK£0.008 loss per share (vs UK£0.005 profit in 1H 2020) The company reported a soft first half result with weaker earnings and weaker control over costs, although revenues improved. First half 2021 results: Revenue: UK£14.8m (up 21% from 1H 2020). Net loss: UK£581.0k (down 288% from profit in 1H 2020). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 05
Full year 2020 earnings released: EPS UK£0.018 (vs UK£0.002 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: UK£24.8m (flat on FY 2019). Net income: UK£1.26m (up UK£1.40m from FY 2019). Profit margin: 5.1% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Aankondiging • Mar 12
Gresham Technologies plc Announces A New Clareti Contract Win Gresham Technologies plc announced a new Clareti contract win. A fast-growing global financial group, with a European banking presence, has selected the Clareti platform to connect, control and ensure the integrity of its data and processing, as it deploys its next generation of digital banking solutions for the asset management and corporate sectors. The combination of Gresham's leading financial connectivity and reconciliation technology with its deep domain expertise in casbh management, banking integration and payments, has enabled Gresham to provide a rapid solution for the customer's complex requirements without the expense and risk of alternative approaches. This new contract, signed on 10 March 2021, is expected to generate total software subscription fees of EUR 1.4 million over a committed five-year term, in addition to services revenue to deploy the solution. Reported Earnings • Mar 10
Full year 2020 earnings released: EPS UK£0.018 (vs UK£0.002 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: UK£24.8m (flat on FY 2019). Net income: UK£1.26m (up UK£1.40m from FY 2019). Profit margin: 5.1% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Mar 10
Revenue misses expectations Revenue missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 25%, compared to a 9.1% growth forecast for the Software industry in the United Kingdom. Is New 90 Day High Low • Mar 09
New 90-day high: UK£1.55 The company is up 16% from its price of UK£1.34 on 09 December 2020. The British market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 5.0% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: UK£1.54 The company is up 38% from its price of UK£1.11 on 09 October 2020. The British market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 7.0% over the same period. Aankondiging • Jan 06
Gresham Technologies plc to Report Fiscal Year 2020 Results on Mar 09, 2021 Gresham Technologies plc announced that they will report fiscal year 2020 results on Mar 09, 2021 Is New 90 Day High Low • Dec 24
New 90-day high: UK£1.44 The company is up 29% from its price of UK£1.11 on 24 September 2020. The British market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 10.0% over the same period. Is New 90 Day High Low • Nov 12
New 90-day high: UK£1.18 The company is up 10.0% from its price of UK£1.07 on 14 August 2020. The British market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 9.0% over the same period. Is New 90 Day High Low • Oct 28
New 90-day high: UK£1.18 The company is up 7.0% from its price of UK£1.10 on 29 July 2020. The British market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 1.0% over the same period. Aankondiging • Oct 14
Gresham Technologies plc Announces Management Changes Gresham Technologies plc announced the appointments of Jenny Knott as Non-Executive Directors effective from October 12, 2020. These appointments bring a wealth of banking and financial technology experience to the Board in parallel with the recent successful completion of the Chair succession. Jenny Knott is a qualified accountant and has held roles as Chief Executive, Chief Finance Officer and Chief Operational Officer in banking and in financial technology. Imogen Joss will continue in her role as Non-Executive Director, Senior Independent Director and Chair of the Remuneration Committee until 31 October 2020 when she will step down from the Board. Jenny Knott will assume responsibility as Chair of the Remuneration Committee and Andy Balchin, currently Non-Executive Director and Chair of the Audit Committee, will assume the role of Senior Independent Non-Executive Director. Aankondiging • Oct 13
Gresham Technologies plc Appoints Ruth Wandhöfer to Its Board, Effective October 12, 2020 Gresham Technologies plc announced that Dr. Ruth Wandhöfer has been appointed to the Board with effect from October 12, 2020. Aankondiging • Jul 07
Gresham Technologies plc to Report First Half, 2020 Results on Jul 21, 2020 Gresham Technologies plc announced that they will report first half, 2020 results on Jul 21, 2020