Gresham Technologies (GHT)

Sector:

IT Services

Index:

techMARK

159.00p
   
  • Change Today:
      0.50p
  • 52 Week High: 183.00
  • 52 Week Low: 136.00
  • Currency: UK Pounds
  • Shares Issued: 83.45m
  • Volume: 306
  • Market Cap: £132.68m
  • RiskGrade: 80

Gresham Technologies secures new Clareti contract win

By Iain Gilbert

Date: Monday 23 Dec 2019

LONDON (ShareCast) - (Sharecast News) - Software and services firm Gresham Technologies has secured a new contract with an unnamed alternative investment management firm for the enterprise deployment of its Clareti Transaction Control software.
Gresham said the new contract, with its total expected licence value of $1.0m over three years, combined with strong trading in the second half, now meant that it had full contracted visibility of 2019 forecast revenues

As a result, the AIM-listed group now expects that adjusted underlying earnings will be "materially higher" than current consensus forecasts.

Cash performance was also expected to be ahead of expectations.

Chief executive Ian Manocha said: "This contract win is another powerful customer endorsement of our Clareti technology and highlights the potential for our data integrity and control solutions to displace legacy vendors and establish a leadership position in capital markets.

"As we close out a strong FY2019, we are preparing ourselves for FY2020 and will continue to invest in sales, marketing and customer success to capitalise on the opportunity ahead."

As of 0950 GMT, Gresham shares had shot up 13.11% to 119.90p.

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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 159.00p
Change Today 0.50p
% Change 0.32 %
52 Week High 183.00
52 Week Low 136.00
Volume 306
Shares Issued 83.45m
Market Cap £132.68m
RiskGrade 80

GHT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.41% below the market average96.41% below the market average96.41% below the market average96.41% below the market average96.41% below the market average
63.27% below the sector average63.27% below the sector average63.27% below the sector average63.27% below the sector average63.27% below the sector average
Price Trend
44.65% above the market average44.65% above the market average44.65% above the market average44.65% above the market average44.65% above the market average
40.19% above the sector average40.19% above the sector average40.19% above the sector average40.19% above the sector average40.19% above the sector average
Income
95.82% below the market average95.82% below the market average95.82% below the market average95.82% below the market average95.82% below the market average
84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average
Growth
63.31% above the market average63.31% above the market average63.31% above the market average63.31% above the market average63.31% above the market average
85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_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 21-Apr-22 15-Apr-21
Paid 19-May-22 20-May-21
Amount 0.75p 0.75p

Trades for 25-Nov-2022

Time Volume / Share Price
15:37 26 @ 159.56p
10:12 80 @ 158.24p
08:01 200 @ 157.36p

GHT Key Personnel

CEO Ian Manocha

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