Gresham Technologies (GHT)

Sector:

IT Services

Index:

FTSE Fledgling

174.00p
   
  • Change Today:
      0.50p
  • 52 Week High: 177.24
  • 52 Week Low: 110.50
  • Currency: UK Pounds
  • Shares Issued: 83.36m
  • Volume: 5,373
  • Market Cap: £145.05m
  • 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 174.00p
Change Today 0.50p
% Change 0.29 %
52 Week High 177.24
52 Week Low 110.50
Volume 5,373
Shares Issued 83.36m
Market Cap £145.05m
RiskGrade 80

GHT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
97.33% below the market average97.33% below the market average97.33% below the market average97.33% below the market average97.33% below the market average
26.09% below the sector average26.09% below the sector average26.09% below the sector average26.09% below the sector average26.09% below the sector average
Price Trend
54.11% above the market average54.11% above the market average54.11% above the market average54.11% above the market average54.11% 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
93.04% below the market average93.04% below the market average93.04% below the market average93.04% below the market average93.04% 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
72.60% above the market average72.60% above the market average72.60% above the market average72.60% above the market average72.60% above the market average
27.84% above the sector average27.84% above the sector average27.84% above the sector average27.84% above the sector average27.84% 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 28-Sep-2021

Time Volume / Share Price
12:03 2,543 @ 177.24p
11:52 2,830 @ 170.00p

GHT Key Personnel

CEO Ian Manocha

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