Gresham Technologies (GHT)

Sector:

IT Services

Index:

techMARK

 129.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 160.00
  • 52 Week Low: 114.00
  • Currency: UK Pounds
  • Shares Issued: 83.87m
  • Volume: 0
  • Market Cap: £108.20m
  • RiskGrade: 80

Sector movers: Aveva profit warning sinks software stocks

Date: Friday 12 Sep 2014

LONDON (ShareCast) - A profit warning from Aveva sent the UK-listed software sector firmly into the red on Friday with the FTSE 250 losing as much as a quarter of its value.
The stock was down 24.6% in afternoon trade after Aveva added to the list of problems affecting its first-half results.

Currency movements and the timing of contract renewals had already been flagged, but the company also said that a sales force reorganisation and a softening of demand in some markets would also have an impact on numbers.

Aveva, which designs engineering software for the plant, power and marine industries, said first-half revenues would fall to around £84m-90m, from £108.5m the previous year. Analysts had on the whole expected a result broadly similar to last year.

Analysts at Investec, who placed their 'buy' rating for Aveva under review following the statement, said: "Today's news is disappointing as we felt the strength of the business model would prevent such a surprise downgrade."

Other UK stocks in the software sector, such as Coms, Bango, Gresham Computing, Sage and Phoenix IT, were also trading in negative territory on Friday.

In other software news, US computer giant HP announced on Thursday night that it had acquired cloud-computing firm Eucalyptus. This is the first major deal undertaken by HP since the controversial Autonomy purchase in 2011.


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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

GHT Market Data

Currency UK Pounds
Share Price 129.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 160.00
52 Week Low 114.00
Volume 0
Shares Issued 83.87m
Market Cap £108.20m
RiskGrade 80

GHT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.29% below the market average96.29% below the market average96.29% below the market average96.29% below the market average96.29% below the market average
80.95% below the sector average80.95% below the sector average80.95% below the sector average80.95% below the sector average80.95% below the sector average
Price Trend
30.86% below the market average30.86% below the market average30.86% below the market average30.86% below the market average30.86% below the market average
23.4% below the sector average23.4% below the sector average23.4% below the sector average23.4% below the sector average23.4% below the sector average
Income
95.45% below the market average95.45% below the market average95.45% below the market average95.45% below the market average95.45% below the market average
78.57% below the sector average78.57% below the sector average78.57% below the sector average78.57% below the sector average78.57% below the sector average
Growth
92.34% above the market average92.34% above the market average92.34% above the market average92.34% above the market average92.34% above the market average
90.91% above the sector average90.91% above the sector average90.91% above the sector average90.91% above the sector average90.91% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

GHT Dividends

  Latest Previous
  Final Final
Ex-Div 27-Apr-23 21-Apr-22
Paid 26-May-23 19-May-22
Amount 0.75p 0.75p

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

GHT Key Personnel

CEO Ian Manocha

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