Getech Grp Share Price (GTC)

Vote NO to resolutions 5-10.

The AGM notice is demanding they have the unconditional right to ~33% dilution at their sole discretion. Shareholders should have the final say on any placing or share issue. This is just a cynical ploy for them to do a discounted placing and raise money to pay their salaries whilst delivering no growth. This is the worst of AIM. I am happy to be diluted if they put up a good business case.

Take a stand and say NO to resolutions 5-10. Shareholders should have the final say.

My Take FWIW:

* The core business (Globe ARR) is effectively flat.

* Expert services are down materially (-18%), reflecting an overcorrection on cost cutting that has reduced delivery capacity for consulting projects.

* Spot sales are up sharply (+85%), suggesting opportunistic monetisation of existing data to support revenues. This is inherently non-recurring and constrained by a finite customer base and limited new data being added to the platform.

Overall, the business has been stabilised through cost reduction, but at the expense of its core revenue engines. Both Globe (subscription/data) and consulting appear to be under pressure, and the Company lacks the capital to reinvest meaningfully in growth.

On that basis, the broker’s forecasts look highly optimistic and unlikely to be met without a step-change in execution or new capital (READ: Discounted Placing).

Impressive turn around going on here. Share price not moving as Armstrong is selling out into any good news, but it’s a solid business with £5 mil revenue, they just need to fix the balance sheet after the last CEO went chasing hydrogen unicorns. How much is this worth with a couple of million in the bank and 5+ million revenue?

Well we are lucky this aint be delisted like wsg etc

This has been sitting on a watchlist for a while as the tech could be worth a small fortune... Even accounting for the FX headwinds they blamed it on, flat ARR coupled with 'Development costs capitalised' of £522k does not compute for me; if their intellectual capital is increasing why is ARR dropping / flat. And the £522k capitalisation lets them claim to be EBITDA positive.

Stays on the watchlist for me... if ARR jumps then it could becomes tempting.