Absolutely agree Trisor. They clearly have a Plan to transform and timetabled targets. I will be buying in further.
Splat, i like to believe that everyone is entitled to an opinion, even if i disagree with it, but i've filtered so many because i'm fed up with the incessant rubbish being spouted by some. However, i've not filtered Kat either. They do sometimes make some worthwhile points. As the day goes on, i suspect i shall be filtering more.
And AHS, you are absolutely right about the non disclosure of contract values - serious companies rarely indicate the value of their contract wins, and some don't even identify the name of the client company.
I am not going to get embroiled in an argument or points scoring exercise which seem to dominate these boards. I've offered an opinion, and you are perfectly free to disregard it. I am though sharing my experience.
Spot on. I stumped up £22 today which I found down the back of my sofa. These types of projects are notorious difficult and are often dependent on local factors beyond the boards control. Tread carefully. I'm doing this more for the fun of it, and if it bags then I will have a small sum to add to one of my ETF's. If it doesn't, then my loss will be very minimal. Tread carefully.
I did. 300k so far.if I find anymore spare change down the back of the sofa I will buy again. No idea what's going on with the SP, but I remain confident about the future.
I am quitely confident that the public sector business will continue to grow, especially as a lot of local authorities will be desperately trying to cut costs, but I do agree with your sentiment about private sector and international business growth. These could well be more profitable as well. As I said previously, these are exciting times .
I suspect that when the Labour government comes to understand that it will cost MORE to bring everything in house (salaries, pensions , NI, premises, it infrastructure,etc etc), the plan will quietly be dropped and service outsourcing will be accelerated.
Well if anyone had doubts about Capita using AI to cut costs , and improve service , I think this announcement should put that doubt to bed. I suspect that this announcement will be the first of a number as the company transitions itself to a lean tech driven and PROFITABLE company. Exciting times ahead.
Those words were not mine - they were Warren Buffet's. His point being that it's about the long term . I have nothing further to add .
Suthy - you don't know what my average is... ..but i will tell you that we have a way to go yet.
While i wait to see what happens , why don't you take some time to do some research as i suggested. It might well change your view point about the BOD and the future.
If any of the trolls have the time and can be bothered take a look at the track record of the entrepreneurs running the company, particularly Jak Bai and his involvement in Coalculus . Their business model is not hugely dissimilar from GST and they seem to be doing alright.
If the share price continues to fall and goes below my average, i will be picking up another chunk - the research that i did before i started investing last year still stands good IMO, and i am not put off by the short term trajectory of the SP.
Do your own research , make your own mind up and don't be put off by the trolls on here.
Remember, as an investor you are buying a company, not a share price.
I think you are spot on Aim. The question is not when, but " how much" ?
The decision to list on the LSE was done - in my opinion - with a view to the future sale of the company . DSS sign off / stable coin sign off will propel the SP and yes there will be multiple suitors looking to buy. Did i imagine it, or did our chairman state on record that the board are looking for a return of x100 on their shares ? May be just wishful thinking.....
Jambone,
Nothing is guaranteed in life, and there is always risk attached to any investment opportunity, but have you done any serious research about the the entrepreneurs running the company ( including their track records), the business proposition (and opportunity) , the growth strategy, the acquisitions, the choice of market for listing , the DSS etc, etc ?
I have.
I believe they are (far) more likely to succeed than fail.
You come across as being far more invested in waging a war on some of the posters on here for personal reasons rather than being invested in the company and opportunity.
We don't need you.
GO AWAY.
It will be the reaction of the swing states that will decide who wins. The respective heartlands will vote for their chosen candidate no matter what.
I agree with you AIM.
As i have said before some people here have underestimated the scale and complexity of what the BOD is trying to build.
Their efforts are "hindered" in part by an FCA that has being playing catch up and a queue of companies seeking approval . And, yes, success is not guaranteed, but if that should be the case then there is an already profitable FX company within the group ( and that's without EasySend) who together with Semnet, (based on what we currently know) will deliver decent profits going forward. Plus any other acquisitions that the BOD may make.
And that's the WORSE CASE Scenario.
How you see the low acceptance rate depends i guess on whether you are a glass half full or half empty type of person.
I see the low acceptance rate as a GOOD THING, but then i am a glass half full type of guy.
If you achieve it then the FCA is saying to you - and the world- that you meet the required high standard and are part of small number of companies qualified to provide these services, and this then crucially this will add a Premium to the share price.
It's not meant to be easy to acquire - if it was it would imply that a lower standard is being applied. and would perhaps not offer the level of reassurance that customers need and want.
As stated below GST has been busy acquiring the necessary component companies and striking partnerships to build the required infrastructure to meet the FCA standards.
Good call BFD.
If the volumes were high and the price on the slide then i might be worried (but for the short term only).
However, my belief remains unshaken and the prospects for the near future and long term still look very good.
The timescale suggested for completion of EasySend was Q2 / Q3, which i personally took to mean late June or early July, so i am expecting a spike soon'ish with the year end results to follow - never mind anything else that may happen in the meantime. You either believe or you don't. I am a believer.
It coincides with my 70th birthday, when i will cash out all my investments and take my "23 year old model " ( who looks suspiciously like a 63 year old grandmother) on several uber luxury world tours, and anything else that i can think to blow my ill gotten gains on.
And yes, i agree, about GST being sold / taken over long before i reach 70.
Putting the trolls aside how much of individual stress is caused by a failure to do research before investing ?
Before I invested I wanted to know if the business was being well run by capable people with a vision and that they had a clear strategy to exploit a potentially huge business opportunity. I used a combination of the GST website, The FCA website, LinkedIn, Google, YouTube and some trade press sites, to look at the business opportunity, the track record of the people running the company, the company history, the choice of market for listing the business, and some high level financials. This is not a guarantee of success, but it does provide a reasonably good indicator of what the future may hold.
I found that Tone Goh and Jak Bai are both successful and wealthy serial entrepreneurs with long track records of building companies, mainly in Asia. Goh has held executive positions on the boards of various international companies specializing in mergers and acquisitions and the private equity ( and real estate) industry. Over the last 20 years + Bai has (amongst other things) helped establish Coalculus Blockchain, co-founded Wise MPay and sits on the board of other companies in this / related to this sector.
The choice of the London Stock Exchange for listing the company was another key factor. The regulatory and reporting requirements of the LSE are higher than others such as AIM, and the choice of the LSE reinforced the sense that this is a "serious" company. They have a clear strategy of building an infrastructure through acquisition but not placing the company under the burden of a mountain of debt to fund these acquisitions. They have also (since i started investing) cleared what debt there was.
The HISTORIC financials at the time were though the "weak" spot. Although the balance sheet was reasonably sound some of the fundamentals were not the best. I also understood that there could be issues that would be beyond their control such as the FCA (and as it now turns out a likely change of government), that might hinder progress.
I concluded though that the potential upside of the opportunity outweighed the potential downsides / risks and decided to invest and have since built up significant amounts of stock. I understood from the outset that this investment will take some years to come to fruition and at the time of my initial investment I set a timescale of up to FOUR Years.
As i have said before, i have set my alarm clock to wake me up at the end of July, when we should see a set of figures that will move the share price on and up. In the intervening time we could / should get news of the Easy Send acquisition , the recruitment of new key personal that the growing group infrastructure will require, and who knows we may get news about other FCA related matters. There is much to be POSITIVE about - if want to be.