Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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.
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Comments
Libero
Based on these FY results alone I think the GTC is priced about right. However, based on all of the recent contracts they’ve announced (included their biggest ever) AND based on their very positive outlook for the year ahead, I think they’ve been rated too cheaply.
Good recovery play tip