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Back on track......
a huge market over reaction to interim's that actually show the main arm of the business having increased sales. Further backed up by Kestral Opportunities fund recent addition.
Its a BUY for me.
GHT doing very well thanks although I think the SP has topped for now but who knows, another US deal wouldn't go amiss..
"Paul joins at an exciting time for the group" Hopefully, this means more customers in the pipeline, confidence building.
Welcome Paul.... Paul White joins Gresham as Chief Marketing Officer with responsibility for marketing strategy, brand management, communications and international programs. Prior to joining Gresham, Paul led marketing at Sword Group, Kana, and Cyber adAPT, successfully growing businesses in risk, compliance, security and data analytics. During his early career, Paul also amassed 10 years of leadership experience directly within the financial services sector with Capital One, Zurich and Travelex.
Gresham Technologies, the specialist provider of real-time transaction control and enterprise data integrity solutions, has just closed another strong year. The management expect to report revenues up 24% to �21.3m and adjusted EBITDA ahead by 32% to �5m. They will announce their results formally on 13th March. Again, the Clareti Transaction Control solution takes centre stage, with associated revenues up 48% and just shy of half the Group total, with the key Clareti software revenues advancing by 74%. 15 new Clareti clients were added in the year, predominantly in the targeted financial services sector with the North American market providing 40% of new Clareti revenues. At the half-year results, see Gresham Technologies on growth track, we highlighted the fact that the company has succeeded in broadening its portfolio, with the acquisition of C24 Technologies, now fully integrated, the building of an Analytics solution and the launch of a cloud-delivered Clareti solution. The fact that the Group has sustained the rate of growth in Clareti sales and accelerated its overall growth while remaining debt-free is a clear endorsement of its strategy. Non-Clareti revenues, the legacy side of the business, continue to perform in line with expectations. The underlying demand for Gresham�s Clareti-based solutions looks set to grow as the need for real-time transaction monitoring and faster regulatory reporting continues to increase. Gresham�s client list includes some top financial sector names, now buying multiple products and extending the deployment of Clareti across the wider enterprise. Gradual development of other sectors and building additional channel partnerships will be on the agenda over the next couple of years to further broaden the solid foundations for continued growth.
According to the Financial Diary, we should get a trading announcement today, but no red dot here. Maybe the update is good and those who have seen it are buying. Even so, the share price is only back to where it was in October.
Some very large trades being done recently, must be getting highly recommended by the investment houses
Lots of buys today, maybe should have topped up during the recent drop.
All looking good, possible takeover target now as said
Last week's strong buys pushed this to �2.08, but now back under �2. I've been here since 2013 awaiting a take over and last week I wondered whether it was finally coming. I reasoned that the traction in the US is creating the exposure to attract an acquirer. Revenues from regular subscriptions are always valued highly, so I am forever hopeful that any bid would be at a decent premium to the share price. Oh well, maybe they will start paying dividends and that would attract some interest in the share.
Can't believe how fast this rerates!
Looks like Kestrel have this still on a buy judging by the recent trades
Results for the six months to June show group revenues up 26% to around £10m, the like-for-like advance coming in at 19% (before the contribution of recently acquired C24 Technologies). Adjusted EBITDA was up 46% to £2.15m. Revenue generated by the Clareti real-time transaction control system was ahead by 53%, with related software revenues up 138% to £3.7m. As chronicled in HotViews, Gresham Technologies has made consistent progress, driven by the Clareti (CTC) system and enabled by investment in international sales and delivery capabilities. In the half year, Gresham added 8 new CTC customers, 3 of which were in the important US market. The purchase of C24 Technologies is also paying off, bringing with it additional technology and a development environment to further speed and simplify Clareti system implementation. Gresham now enjoys significant momentum in key markets, with flagship clients in US Tier 1 banking and hedge fund management. In Europe, they are making good progress in large insurers. Success is growing in Asia and Australia. However, in addition to new customer acquisition, we now expect sustained growth in share of wallet. Gresham has used a “breakthrough” proposition to penetrate companies which have huge technology budgets. Through targeted development and the C24 Technologies acquisition it now has a much broader service portfolio to drive follow-on sales. The Cloud-based Clareti-as-Service enables rapid adoption by smaller business units, Clareti Analytics provide additional business intelligence, Clareti Accounts Receivable Management is a vertically-targeted offering. They are developing a debt-servicing platform for complex loans as well as a Data Accelerator to improve the performance and quality of data lakes. As a consequence, we can expect sales to existing customers to be a major feature of company strategy and a substantial long-term revenue and profits driver.
Another great set of results
Gresham Technologies has announced a 'significant contract in the strategically important North American market'. Gresham said that one of North America's largest financial services groups had selected Clareti Transaction Control for an enterprise scale deployment. It said the initial deployment would be to provide ongoing data integrity assurance for complex regulatory reporting requirements. In addition, the solution would replace existing manually intensive reconciliation and control processes in the customer's securities division. It said the customer would also deploy Clareti Analytics to provide deeper management insight into its data control operations. Gresham said the minimum contracted value was £1.4m over the initial five year term, with additional licence growth and services revenues expected as the technology was deployed further in the customer's group.
Gresham Technologies has made a strong start to its new financial year, shareholders at the annual general meting today will be told. Chairman Ken Archer will say that the group has signed five new CTC customers in Europe and the United States, and consulting utilisation had been high across all regions. He will say: "All new customers signed during 2016 are using CTC in production, including the first US Tier 1 bank win announced in December 2016. "In addition, one existing customer in the asset management industry has upgraded its CTC on-premise subscription to our fully managed Clareti-as-a-Service cloud platform. "Investment in product development and innovation has progressed in line with plans: Clareti Loan Control 1.0 is in production use with the first customer; Clareti Analytics is now available as an upgrade to the CTC user base; and the acquired C24 technology has been fully integrated into the Clareti platform. "The Board is pleased with the C24 contribution since completion with recurring revenues performing as expected. In addition, there have been four new C24 customer wins year to date, including one cross-sale into a global bank customer in Asia Pacific."
Kestrel still buying...........
Full year results today confirm the excellent progress over the past year. This newly-christened provider of real-time transaction control and data integrity solutions (formerly Gresham Computing) returned revenues up 16% to £17.2m and Adjusted EBITDA ahead by 41% to £3.8m. Central to the growth of Gresham Technologies is the Clareti Transaction Control (CTC) software which delivered 11 new customer wins throughout 2016, with revenues from this solution up 42% to £7.5m. Newly acquired C24 Technologies added £0.3m of revenues, bringing 35 new customers to the Group. Revenues elsewhere in the Group, from the legacy licensing and services business remained stable. The investment in sales and marketing over the past 2 years is paying off. In the US, the group had success in Financial Services, with a hedge fund becoming the first client for the cloud-delivered version of the Clareti solution and growth in the asset management sector. In late 2016 a Tier-1 bank bought the CTC offering to support a major transformation of its data operations. The US looks as if it will be the source of significant growth. The Asia-Pac operation is currently focused on a Singaporean bank and on sales to and through ANZ. The UK business remains strong, with growth in the hedge fund and on-line trading sectors as well as growing momentum in insurance broking and now commodities trading. Continental European sales have also advanced strongly in the first part of 2017. The broad range of use cases for the CTC solution and the “stickiness” of the solution can provide the management with substantial confidence in terms of growth and improved margin throughout 2017. The addition of C24 and the push to develop new applications to extend the capabilities of CTC should ensure further profitable progress, particularly in the financial services sector.
Surprised at the drop this morning, recovery in play 2017 looks like it's going to be a great year for GHT, dividends on the horizon next year!
Due to main feature review in SCSW at the w/e. An excellent newsletter
Hi there, I thought there may be others about, just a quiet BB which is starting to liven up, Kestrel got my attention last year and once again haven't let me down
Rocka999, there are a number of us on this trip, been here more than 18 months. Been on the down journey, now enjoying the up. Somewhere above 1.80 would represent a tidy profit. Big market in USA - breakthrough made.
£1.80 PT although I think it could quite easily hit £2 this year
oo'er :)