Gattaca (GATC)

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FTSE AIM All-Share

 106.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 146.00
  • 52 Week Low: 77.50
  • Currency: UK Pounds
  • Shares Issued: 31.52m
  • Volume: 300
  • Market Cap: £33.57m

Gattaca FY pre-tax profits seen ahead of expectations

By Iain Gilbert

Date: Tuesday 17 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Engineering and technology staffing business Gattaca said on Tuesday that full-year continuing underlying pre-tax profits and its adjusted net cash balance were now both forecast to be above market expectations.
Gattaca stated second-half continuing net fee income was 7% higher than in the first half, with its full-year NFI coming in at £42.5m, down from £52.8m a year earlier and reflecting the market impact of the Covid-19 pandemic over the entire reporting period.

However, subject to final adjustments and audit, Gattaca expects its continuing underlying pre-tax profit for the twelve months ended 31 July to be "in excess of £3.0m" - ahead of market consensus estimates of £2.7m.

Adjusted net cash, excluding IFRS16 lease liabilities, was expected to be £20.0m.

In light of the improved performance and assuming a continuation of the current positive trends, the AIM-listed group also highlighted that it anticipates the recommendation of "a modest dividend" when its full-year results are announced.

Chief executive Kevin Freeguard said: "Following our upgrade in May, I am pleased that our profit results will again be ahead of expectations. Whilst the pandemic continues to impact activity across our markets, it is clear that we have now entered the next phase of recovery."

As of 0925 BST, Gattaca shares were up 8.30% at 226.50p.

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Gattaca Market Data

Currency UK Pounds
Share Price 106.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 146.00
52 Week Low 77.50
Volume 300
Shares Issued 31.52m
Market Cap £33.57m

Gattaca Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
47.49% below the market average47.49% below the market average47.49% below the market average47.49% below the market average47.49% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
60.00% above the market average60.00% above the market average60.00% above the market average60.00% above the market average60.00% above the market average
34.65% above the sector average34.65% above the sector average34.65% above the sector average34.65% above the sector average34.65% above the sector average
Income
6.94% above the market average6.94% above the market average6.94% above the market average6.94% above the market average6.94% above the market average
13.85% below the sector average13.85% below the sector average13.85% below the sector average13.85% below the sector average13.85% below the sector average
Growth
7.87% below the market average7.87% below the market average7.87% below the market average7.87% below the market average7.87% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below 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.

Gattaca Dividends

  Latest Previous
  Final Special
Ex-Div 02-Nov-23 02-Nov-23
Paid 15-Dec-23 15-Dec-23
Amount 2.50p 2.50p

Trades for 28-Mar-2024

Time Volume / Share Price
13:50 300 @ 103.00p

Gattaca Key Personnel

CEO Matt Wragg
CFO Oliver Whittaker

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