Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our T&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. https://www.ft.com/content/f493d7c4-d9a0-11e6-944b-e7eb37a6aa8e Gresham, the financial software company that serves banks, said on Monday it expected revenues to rise 16 per cent year-on-year to about £17.2m for 2016. The company, which has revitalised itself over the past two years with a new chief executive, provides software that verifies and validates transactions, and maintains the integrity of sensitive financial data. In 2016, it made strong headway in new markets such as the US, according to analyst Cantor Fitzgerald. Cantor said it expected the group to “enter a period of strong revenue growth that . . . will likely move the stock from the sub £100m market zone once and for all”. Last month, Gresham signed its first contract through its New York office with an unnamed US “tier 1” bank for its transaction control product. Although Gresham had a fairly uneventful year on the stock market in 2016, its shares are at a 10-year high of 155.6p.
The rise continues unabated :)
I started watching not so long back when the price was £1.37, and it has risen ever since. Wish I'd just gone ahead then and bought in. Sometimes you just gotta go with gut feel.
I tipped this last July as one to watch, hasn't let me down :)
That's a shame! I'll join you! Just became a holder last week.
Okay only me posts here, now up 71% in 5 months :)
The management of this provider of real-time transaction control and enterprise data integrity solutions continued to make significant progress in November and December – capping what had already been a very successful year. Firstly, “Gresham Computing” changed its name to Gresham Technologies, after the acquisition of C24 Technologies and to recognise the changing profile of the group. Another win for the company’s Clareti Transaction Control software was announced, adding a contract value of over £1.1m and a fourth insurance client to the company’s list of recent successes. Potentially however, the biggest news was the signing up of a US Tier 1 bank at the end of December. The 5-year contract, initially with a minimum value of US$1.1m, will enable this major bank to replace out-dated in-house processes, improving data quality and customer service and supporting management controls and regulatory reporting. This is the first significant success for the company’s New York sales operation and opens a significant market opportunity (possibly explaining the sharp recent rise in the share price). Today’s confident trading update forecasts 2016 revenues up 16%, to £17.2m (compared with a 10% rise in H1). Adjusted EBITDA is forecast up 39% to £3.8m. Revenues from the Clareti solution were up 42%, to represent over 40% of the Group total with Clareti software recurring revenues up 57%. The C24 acquisition is already making a significant contribution. 11 new Clareti customers were signed up during the year. The company has net cash of £7.2m. 2017 looks like being another year of progress and improving financials. The Clareti product is gaining momentum (as seen in the win with the major US bank) and Gresham has broadened and strengthened its routes to market, with international sales capability and the perceptive C24 acquisition. Detailed results will be published in mid-March.
Initial PT £1.80
Ok now we're motoring!
Gresham Computing plc (LSE: "GHT", "Gresham", "Company" or the "Group"), the leading software and services company that specialises in providing real-time transaction control and enterprise data integrity solutions will today host its first Capital Markets Day at its Innovation Labs in Bristol. No material new information is being presented at the meeting, and a copy of the Capital Markets Day presentation will be made available via the Group's website following completion of the day's activities. Key points of the presentation will include: · Group progress against strategic plan. · The launch of Clareti Loan Control, a new loan servicing application developed on the Clareti platform. · Integration plans for C24 Technologies Limited. · Plans for a new application, Clareti Data Accelerator, to address the growing need for institutions to understand and control the quality of their data on a holistic enterprise basis. This follows a successful proof of concept with a UK Tier 1 bank. Gresham will also announce that it intends to change the name of the Company, subject to shareholder approval, to Gresham Technologies plc. The change is planned to be effective from mid-November 2016 following a shareholder general meeting which will be convened in due course.
“C24 Technologies are leaders in standards based financial messaging and integration solutions with a loyal global customer base,” said Gresham CEO Ian Manocha. “This acquisition supports the group's strategic plan for Clareti-led growth, further builds our recurring revenue base, and will accelerate our innovation agenda.” C24 co-founder Stephen Miller said that In Gresham, the company has found a “committed and experienced” partner to support its global customers and realise its future ‘C24 Data Platform’ vision. “Gresham's Clareti platform is regarded as industry leading, and our technology and expertise will further strengthen its position and opportunity in the market.”
Tomorrow’s analyst day for Gresham Computing had already promised much as this specialist provider of transaction control and data integrity solutions sets out more detail on the rapid and international growth of its Clareti Transaction Control Software and shows off its new Innovation Lab in Bristol. But the day is given added spice following the news that Gresham is buying C24 Technologies Ltd, for £4.6m. C24 Technologies, founded in 2000, has 35 Wholesale Banking clients for its financial messaging and integration solutions which move data quickly across the enterprise and financial ecosystem. In 2015, the company delivered £1.97m of revenue and operating profit of £230k. Stephen Miller, Chief Product Officer and one of the three vendors will move to Gresham’s Innovation Lab to build Gresham’s fast data portfolio. A small placing, for £3.3m, will fund the initial consideration for the deal. Gresham expect the deal to be earnings enhancing in year one. Gresham has made significant progress over the past couple of years, see here and work back, culminating in H1 figures showing 46% growth in Clareti revenues, with good growth in the US and from its cloud-based proposition. A major driver of growth is the explosion of data within banking businesses, accelerated by new trading technologies and more rigorous regulations. Gresham will see that C24 Technologies’ solutions can manage the data flows within customer enterprises more efficiently and speedily, enhancing the benefits generated by Gresham’s solutions and connecting its platform to industry-wide messaging networks. This should open up many new customer opportunities, increase technical resources and credibility and drive greater share of wallet. There is also the real benefit of cross-selling into C24 Technologies’ customer base. This looks like a well-thought out deal and makes for an interesting visit tomorrow.
2 very large buys yesterday, somethings afoot
have to place orders for shares now, can't be short surely ?
Moving up nicely now, Kestrel investing bodes well as I've found out elsewhere
Gresham Computing has launched its “Innovation Labs” in Bristol, UK as it looks to tap into local talent and drive more software development. CTO Neil Vernon will lead the team of engineers and developers, and says he is a “big believer in the ‘serendipity of collisions’” – which the new space provides. Vernon adds that Gresham wants to “rip up the rule book” for data integrity technology. The firm says employees do not have specific job titles, giving them the “opportunity to flex across different functions and areas of expertise, as well as take a proactive approach to shaping their own role”. The new office space has video conferencing, stand up meeting rooms and break out areas to foster collaboration. It also provides room for further expansion; as well as the Clareti (its transaction control software) R&D team, the innovation labs are also home to a global support team led by the newly appointed global director of customer success and service delivery, David Eagan. Gresham has also been running a graduate program for the last five years, “nurturing” new tech talent and has hired five graduates into direct entry roles this year, plus an apprentice. The team has built links with Bristol University, the University of Western England, and other universities in the south west of England – such as delivering “lunch and learn sessions” to finals graduates, and “playing an active role in technology forums” and IT “meet ups” in the city.
700k shares (1% of entire company) have just swapped hands in a single trade without the MM's feeling the need to either tick up or down.
I like what i see. 20396 shares @ 98p 1150hrs
Further proof of things to come
This looks like one to watch in the coming months, watch this space
Anybody know why today's rise. Not complaining just wondering.
Be interesting to see SP movement with EPS slightly down on expectations.
"The Board is pleased to confirm that trading for the first quarter of 2015 was significantly stronger than for the comparative quarter in 2014 and in line with our expectations and plan. Our financial position remains strong, with net cash currently ahead of the 31 December 2014 position and no debt. Visibility over planned total revenues for 2015 now exceeds 90%, the majority of which is contracted. The CTC new customer pipeline remains strong for the remainder of 2015 and beyond." Results due this week
3 new contracts in recent weeks demonstrate that the company is making progress and diminishes prospect of 2nd profit warning. Revenues will start next year