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

Gresham Technologies expects 'substantially higher' earnings after solid first half

By Iain Gilbert

Date: Thursday 04 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Software and services firm Gresham Technologies saw revenues move ahead in the six months ended 30 June, leading the group to anticipate underlying earnings "substantially higher" than for the same period in 2018.
Group sales grew 36% to £12.4m, driven by a 50% improvement in Clareti revenues to £8.3m. Clareti recurring revenues meanwhile soared 83% to £5.5m.

As a result of the solid first half, Gresham not only expects adjusted EBITDA to be stronger for the half, but the group told shareholders on Thursday that it also remained in line with management expectations for the full year.

Chief executive Ian Manocha said: "This has been an excellent first half with strong Clareti subscription growth driven by four strategic wins and a solid run rate of smaller new deals and customer upgrades.

"We have made good progress with each of our three Clareti go-to-market initiatives: data integrity and control; regulatory data quality; and cash management and payments solutions, and there is good momentum in the business as we enter the second half."

As of 1530 BST, Gresham shares had picked up 2.22% to 115p.

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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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