Getbusy (GETB)

Sector:

IT Services

Index:

FTSE AIM All-Share

 58.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 95.50
  • 52 Week Low: 55.50
  • Currency: UK Pounds
  • Shares Issued: 49.58m
  • Volume: 0
  • Market Cap: £29.00m
  • RiskGrade: 222

GetBusy H1 trading remains 'robust', makes bolt-on acquisitions

By Iain Gilbert

Date: Tuesday 19 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Software firm GetBusy said on Tuesday that trading had remained "robust" since the halfway point of the year, with progress made in all elements of its strategy.
GetBusy said its recurring revenue growth rate of 12% from the first half had been sustained in the third quarter and added that net cash at the end of September was up £300,000 at £2.3m.

The AIM-listed group stated it was looking forward to the final quarter of 2021 and into 2022 with "increasing confidence".

GetBusy also noted that it had completed two bolt-on technology acquisitions that were expected to accelerate its SmartVault offering's product roadmap across client workflows and its go-to-market strategy into the wider financial and professional services market.

In order to satisfy the acquisition, GetBusy will pay a non-material amount of upfront cash for each asset, with a cash earn-out payment in early 2023 of 1x annualised recurring revenue from the acquired products as of 31 December 2022. The respective earn-out payments are capped at $500,000 each, with the total potential consideration being funded from the existing cash resources.

As of 1315 BST, GetBusy shares were up 0.91% at 66.60p.

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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.

 

Getbusy Market Data

Currency UK Pounds
Share Price 58.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 95.50
52 Week Low 55.50
Volume 0
Shares Issued 49.58m
Market Cap £29.00m
RiskGrade 222

Getbusy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
46.03% below the market average46.03% below the market average46.03% below the market average46.03% below the market average46.03% below the market average
13.76% below the sector average13.76% below the sector average13.76% below the sector average13.76% below the sector average13.76% below the sector average
Income Not Available
Growth
9.22% above the market average9.22% above the market average9.22% above the market average9.22% above the market average9.22% above the market average
2.97% above the sector average2.97% above the sector average2.97% above the sector average2.97% above the sector average2.97% 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.

Getbusy Dividends

No dividends found

Trades for --2022

Time Volume / Share Price
0 @ 0.000p

Getbusy Key Personnel

CEO Daniel Adam Rabie
CFO Paul Haworth

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