Getech (#GTC) – board changes including interim Chris Jepps becoming CEO

Getech – argues “Good progress in 2024, well positioned for an improved 2025”, but really?…

Describing itself as “a world-leading locator of subsurface resources”, Getech Group (GTC) has issued a “Trading Update” headlined “Good progress in 2024, well positioned for an improved 2025”. So why then a share price 7.5% lower in response to 1.85p?

Getech (#GTC) – raises £0.2m via “retail offer” at 2p per share

Getech – bailout fundraising, emphasises at “a premium” but not from not very long ago...

Describing itself as “a world-leading locator of subsurface resources”, Getech Group (GTC) has announced that it “is pleased to confirm… the company has, conditionally, raised gross proceeds of £1.5 million before expenses by way of a successful placing of, and subscription for, a total of 75,000,000 new ordinary shares”. What of this and the shares currently up to 2.35p?

Getech (#GTC) – “retail offer” to raise up to £0.2m at 2p per share

Getech – “pleased to announce” results. Er, what about the “Going concern” position?!

Previously writing on company describing itself as “a world-leading locator of subsurface resources” Getech Group (GTC), in January with the shares up to 6.75p I noted trading and balance sheet caution and concluded to still avoid. The group today states that it “is pleased to announce its Final Results for the 12 months ended 31 December 2023”, but what of the shares, having previously closed at 7.5p, currently at 4.55p?

Getech (#GTC) – states strong revenue start to 2024 and cost reductions, “assisting… in realising positive EBITDA and cashflow”

Getech – “Multiple New Contract Wins” announcement sparks shares, but is that justified?

Describing itself as “a world-leading locator of subsurface resources”, Getech Group (GTC) has issued a “Multiple New Contract Wins”-titled announcement and the shares have currently sparked approaching 30% higher to 6.75p. Does the detail look to justify that or is the announcement ramptastic?

Getech – demand for the company's services and data “is increasing”. Is it though?…

Emphasising it has “world-leading geoscience data and unique geospatial software products to accelerate the energy transition”, Getech Group (GTC) states that it provides a “trading update for the financial year ending on 31 December 2023, outlining the current trends both positive and negative which are expected to be reflected in the company's trading performance for the year”. The shares have currently responded more than 20% lower towards 5.5p, so much more negative trends than positive to be reflected in the trading performance?

Getech (#GTC) – projects delays trading warning, argues future demand is now increasing

Getech (#GTC) – FY update, “confident in the company's outlook”

Getech (#GTC) – £6m placing & up to £0.25m open offer at 22p, a 12% discount

Getech (#GTC) – nearly replenished orderbook so far but “some existing licence discussions have become more drawn out”

Getech (#GTC) – $1m licence agreement, “substantial” step towards FY expectations

Getech – shares up on interims, but more to come on full-year delivery!

Geoscience and geospatial provider Getech (GTC) has announced results for the first half of 2019 and noted “49% order book growth (£3.0 million at 30 June 2019) and a 57% expansion in annualised recurring revenue (£2.3 million at 30 June 2019)”…

Getech – half-year trading update, results detail to highlight the value?

Provider of geoscience and geospatial products and services, Getech (GTC) has updated including “although H1 2019 revenue was lower than in H1 2018, new sales have strengthened Getech's forward earnings path”…

Getech – 2018 results, positive operational gearing to really kick in?

Provider of geoscience and geospatial products and services to companies and governments, Getech (GTC) has announced 2018 calendar year results and that “we have entered 2019 with a busy schedule of sales campaigns and we consider Getech to be well positioned to deliver diversified organic growth”…

Getech – interims, follow the director share purchase?

Provider of geological products and services Getech (GTC) has announced results for the first half of 2018, noting “a robust sales pipeline” and “we expect 2019 budgets to set a clearer and more positive path”...

Getech – with results later this month, what to do?

Having recently slid below 35p, shares in Getech (GTC) have now recovered to that level ahead of results “on or around the end of September”…

Getech (#GTC) – H1 sales increased, but revenue slightly lower due mainly to H2 and 2019 delivery