Gresham Technologies (GHT)

Sector:

IT Services

Index:

FTSE Fledgling

173.50p
   
  • Change Today:
      6.00p
  • 52 Week High: 178.00
  • 52 Week Low: 110.50
  • Currency: UK Pounds
  • Shares Issued: 83.36m
  • Volume: 263,630
  • Market Cap: £144.64m
  • RiskGrade: 80

Gresham Technologies sees earnings surge in first half

By Josh White

Date: Tuesday 23 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Software and services company Gresham Technologies reported a 36% rise in group revenues to £12.4m in its half-year report on Tuesday.
The London-listed firm said revenues from its 'Clareti' unit were up 50% to £8.3m in the six months ended 30 June, with recurring software revenues from Clareti ahead 83% to £5.5m.

Clareti annualised recurring revenues were said to be 47% higher at £9.1m.

The company's adjusted EBITDA surged 525% to £2.5m year-on-year, with cash EBITDA up 178% at £0.7m.

On the operational front, Gresham said it signed six new Clareti customers in the first half, with four being "strategic" high-value wins.

It said it made competitor market share gains in data integrity and control, as well as investments in corporate cash management solutions, which helped to deliver its revenue growth.

The company completed the successful sale of the four decades-old non-Clareti VME business during the period, with the firm's board and management saying it was "confident" in the strategy and outlook for the company.

"We're delighted to report an excellent start to the year signing in excess of £9.7m of new Clareti licence commitments," said chief executive officer Ian Manocha.

"The Clareti platform is becoming the new standard for data integrity and control in capital markets, and our cash management business is gathering momentum."

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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 173.50p
Change Today 6.00p
% Change 3.58 %
52 Week High 178.00
52 Week Low 110.50
Volume 263,630
Shares Issued 83.36m
Market Cap £144.64m
RiskGrade 80

GHT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
97.08% below the market average97.08% below the market average97.08% below the market average97.08% below the market average97.08% below the market average
15.22% below the sector average15.22% below the sector average15.22% below the sector average15.22% below the sector average15.22% below the sector average
Price Trend
58.27% above the market average58.27% above the market average58.27% above the market average58.27% above the market average58.27% above the market average
35.78% above the sector average35.78% above the sector average35.78% above the sector average35.78% above the sector average35.78% above the sector average
Income
92.33% below the market average92.33% below the market average92.33% below the market average92.33% below the market average92.33% below the market average
37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average
Growth
72.86% above the market average72.86% above the market average72.86% above the market average72.86% above the market average72.86% above the market average
29.90% above the sector average29.90% above the sector average29.90% above the sector average29.90% above the sector average29.90% above the sector average

GHT Dividends

  Latest Previous
  Final Final
Ex-Div 15-Apr-21 09-Apr-20
Paid 20-May-21 21-May-20
Amount 0.75p 0.75p

Trades for 24-Sep-2021

Time Volume / Share Price
16:20 10,000 @ 174.15p
15:59 595 @ 170.77p
14:57 58,000 @ 170.00p
14:42 1,000 @ 174.06p
12:31 5,000 @ 174.35p

GHT Key Personnel

CEO Ian Manocha

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