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nomad resigns
Like their technology get ready and enjoy the upward roller coaster ride....... GLA and DYOR.
On 31st March (see the thread below) I predicted movement. I am also predicting that PMG and POG will go soon. DYOR and maybe you too can be a winner who takes all.
http://tinyurl.com/nbq26es The chairman and chief executive of Galasys (LON:GLS) explain why they are excited about the company’s maiden full year results since its AIM listing and new 20% stakeholder Beijing Shiji. Chairman Kim Seng Teh and chief executive Sean Seah tells Proactiveinvestors that Shiji’s relationship with China’s online marketplace Alibaba Group presents collaboration opportunities.
:)
heading towards 30p placing
Transaction in Shares Following the announcement on 13 April of a placing of new Ordinary Shares by Subscription Agreement, Focus Information Technology Co., Limited, a wholly owned subsidiary of Beijing Shiji Information Technology Co. Limited (together the "Shiji Group"), has acquired a further 5,325,685 ordinary shares at 30 pence per Ordinary Share. The vendors of the shares include Netrove Ventures Corporation ("NVC"), an Asian tech focused venture capital fund, who disposed of 4,093,657 shares. Following this transaction, NVC's holding in the Ordinary Shares of Galasys is 7,323,909 shares, representing 9.57% of the total number of Ordinary Shares is issue. The sale of shares by NVC to the Shiji Group is to enable Shiji Group to own 20% of Galasys as is desired by the Shiji Group. NVC remains a significant and supportive shareholder of Galasys. Following this transaction the Shiji Group will hold 15,311,340 Ordinary shares of Galasys, representing c. 20% of the total number of Ordinary Shares in issue.
the shiiji group has accquired another 5m shares at 30p a share.
Odd..great results as well as a premium placing
Why the retrace back to 24.25p?
ask up on almost every buy..still 3p below placing price !
Broker reiteration of 40p
placing at 30p
I have been waiting patiently for this. Hearing the jungle drums beating. News soon I hope. Winnertakesall.
We would like to clarify that the 75% hardware split is incorrect. The split is c. 50% for hard and software & services revenues. Our recurring and repeat revenues as at H1Fy14 was 66% of total revenue.
£400k of new contracts over 2-3 years announced recently, trading ahead of expectations, dividend policy and acquisition of Logic Solutions last year. Profits at half year were just less than £1m and cash of £2.4m. During the second half other contracts were secured (£217k, £340k).
Hi, I really don't understand why you should be confused as to whether this co is a tech co... Have you not heard of Apple!!!!.is it not a tech co... It sells it's phone with software ... Seriously!!!!! GLS is Tech Co and you should be putting money in probably what can and is going to be the next Biggest Asian Co in the lifestyle and entertainment sector...There can be nothing to be confused about..
Going through the presentation starterfor10...dont know if you have had time,but it says contribution from hardware was 55% in 2013 and 50% so far this half. …yes with half your revenue coming from hardware i can see the ""are you a tech co"" wtf reaction. But I have read somewhere that for some types of tech co's it makes sense to sell eqpt as well. However if they make good money I am not going to complain
Thanks for the link HK965. Never made the presentation. So this is quite useful. Cheers.
I have to say, I have not gone through the prospectus .... A friend in HK told me to look at it and my broker sent me the presentation... So based on historical analysis I can't say much.. But on future earnings the potential results seem exciting...
Thanks for the feedback HK965. I've had another look and it turns out that even pre the GLT acquisition, hardware sales were circa 30% of Galasys revenues, so actually its more like 75% of current group revenues come from the sales of hardware like kiosks and turnstiles rather than software. That doesn't feel like a technology company to me. And again from the prospectus recurring revenue is at about 13% of pre acquisition business and therefore about 4% of current group revenues post GLT. Assuming that there is some recurring support revenue in that from software sales, that part of the business is starting from a very small base. According to the prospectus, group revenues post acquisition were around 26.6m ringgit so a little over £5m so 4% is a little over £200k...
I have the presentation , if anyone is keen I can forward it on.. But am not sure how to do it here..Perhaps I could put it on google share and put the link here.. Any other suggestions on an easy way to pass it along!
Yes it is a little confusing, but from what I can understand from their presentation at the investment roadshow.. They wrote the software for the vending machines, which are used to redeem pre-booked tickets.. If I understood it correctly- So it's a bit like when you book your online ticket and if you don't print your boarding pass you go to one of the ticket machines at the airport , and type in your ticket reference number and the machine prints out your boarding pass.. So the machines are a delivery mechanism.. Hope that helps-- of real growth is the cloud based online travel agency ticketing revenue stream for the theme parks ,water parks hotels etc, signed with 5 agencies in China.. They say income is usd1.00 per ticket ... Will leave it to you to work the numbers out.. This I understand goes straight to bottom line...
I'm confused. GLS position as a tech business. Read their pathfinder and 65%+ of GLS total revenue is from their recent acquisition (in November 13) of GLT. GLT's principal activity, according to their website, is "designing and selling self-service kiosks and ticketing vending machines". ???