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Yep, I may have just missed the train on this one.
Big buying now and I cannot buy on HL
Good luck with your order ,it loos like on HL there is about £3,000or less on offer at 6.95p
From the most recent update
Annualised Recurring Revenue ('ARR') increased by 7% in one month to £6.7m at the end of March.
• Contracted and recurring revenues expected to account for over 60% of total revenues.
· Q4 billings* up 23% on Q3 to £4.3m (Q3: £3.5m). Notably, Q4 included the signing of several significant multi-year contracts, with an aggregate value of £5.0m.
· Gross margin expected to increase to 61% (FY22: 59%).
I agree, lets see if my limit gets filled. I will still exit my stake at 2x just to be safe.
GL
Good point
I bought some stocks for high dividend (LLOYD PSN) but even they don't offset inflation
I just think that this has to be worth more than £7mln when annual recurring revenues are £6mln and growing
In the current market people will look at where is best to place money and the £50k sell is likely linked to this.
GRC is small and risky and doesn't offer growth (or enough growth) or any dividend.
Investors do not need to take this much risk to get returns currently.
good morning ***an,it is currently 6.95p to buy just £500 so u think that large £50k sell was the reason why it fell 55% on monday
seems harsh given annual recurring revenues are £6mln and net assets are high
they also have a £0.5mln facility
nigel wray and directors own 50% at 42p placing
"as we have previously stated, our strategy is to grow organically and by acquisition. in the current financial market conditions, our primary focus is on organic growth and, in particular, in positioning our cyber comply platform at the heart of our service offering.
"with our recurring revenue activities continuing to perform strongly and the good momentum in q4 continued into the start of the new financial year, we are looking forward with increasing confidence.
"trading to the end of april 2023 is in line with our expectations
This a so small it would only be a flip trade for me (stake or all out asap on any significant retrace). The company is very small and doesn't really show a history of gaining traction or growing significantly.
I have added a small limit order, lets see if it dips to there.
GLA
This looks like a good time to buy ?
It was 14p just a few weeks ago and maybe that big trade earlier in the week was the main reason ?
The last fund raise was ar 42p in 2022 and the recent trading update says recurring revenues per year are nearly the same as the whole market value of GRC
Thoughts welcome please
What on earth are these small trades for please
CEO Alan Calder owns 27% and 42p was the fund raise from 2022
Alan Calder, Chief Executive Officer, said:
"Our revenues, including recurring and contracted revenues, all grew strongly. Despite inflationary pressures on our operating costs, we continue to achieve improvement in gross margin.
"In addition to the two certainties of life - death and taxation - there is now a third: cyber attack, be it of corporates or individuals. The jump in cyber-crime insurance premiums is testament to the growth of cyber criminals' capabilities and scale. Despite the current challenging economic environment, for finance teams and boards to short-sightedly throttle back on cyber security investments is tantamount to an act of self-harm. It is not a question of if but when all organisations are attacked by cyber criminals, and so the services GRCI provides are of critical importance.
"We continued to invest heavily in our higher-margin and faster-growing SaaS and e-commerce businesses, both in people and systems, which we expect to underpin our profitable growth in H2 and the following financial years. We continue to trade in line with market expectations."
Cyber security sector seems the topical sector unfortunately
The large trade from yesterday explains the 50% drop yesterday on no apparent volume
I think this could recover well
Seems harsh given annual recurring revenues are £6mln and net assets are high
They also have a £0.5mln facility
Nigel Wray and directors own 50% at 42p placing
"As we have previously stated, our strategy is to grow organically and by acquisition. In the current financial market conditions, our primary focus is on organic growth and, in particular, in positioning our Cyber Comply platform at the heart of our service offering.
"With our recurring revenue activities continuing to perform strongly and the good momentum in Q4 continued into the start of the new financial year, we are looking forward with increasing confidence.
"Trading to the end of April 2023 is in line with our expectations
Was 7k of money
Your 7K purchase would have only cost you £580 so hardly worth posting surely.
Entered the share with a 7k purchase..share price seems very low ..but it’s only a punt
Sorry. Typo . 21 not 28. 21+2=23
AGM
"The full Annual Report and Accounts together with a notice of the Company's annual general meeting (the "AGM") will be distributed to shareholders on 29 September 2021 and will also be made available on the Company's website at www.grci.group."
"The AGM will be held at 11.00 on Tuesday 21 October 2021 at GRC International Group plc, Unit 3, Clive Court, Bartholomew's Walk, Ely, Cambridgeshire, CB7 4EA."
Did anyone get the notice of the AGM? It is still not on the website and isn't in the accounts pdf.
Also Tuesday 21 October 2021 doesn't exist.
Has it been changed?
There also needs to be 28 clear (i.e. 30) days notice given.
Anyone know what's going on?
BOOM NIGEL WRAY and look where these were trading 18 months ago in a stronger position now been missed by the market look how its risen on a few buys
Has something happened with this share today, the share price has not updated and there are no trades?
I can not see anything on their website or the internet.
decent rise for the second day of trading , will have to read up but a spread that big over even half of this sp would be enough to put some off imo.