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Can anyone explain as to why with seemingly so many buys day after day to the number of sells, the share price remains the same? I understand the trades are just a guide but I am not too familiar with this type of share where the price rarely moves! I'd be grateful if anyone can advise?!
As mentioned by ctw, to be fair to Chris Gilbert the guy taking the interview was particularly bad! I think he got across what was needed, the factory's up and running and integrating successfully with the local community and workforce which will be essential going forward. The RNS for the recent order is good news, some might think think this strange but I'd be happy if they RNS every order! Although the company's been operating for a while I think they are finally in a position to build the brand, fulfill the orders and start to grow the business. Time will tell but we'll have to allow them to work through the logistics. Hopeful of more confirmed orders soon!
Gattaca, the specialist engineering and technology recruitment agency, has acquired a majority stake in Resourcing Solutions Limited, a niche engineering recruitment business. RSL, which was founded in 1996, operates from offices in Reading, Uxbridge and Derby, providing specialist contract and permanent candidates to companies operating in the rail, power and built environment sectors. RSL is expected to generate NFI of £7.5m and underlying EBITA of £2.0m in the 12 months to 31 January 2017. Over the same period approximately 88% of RSL's net fee income ("NFI") was generated from contract placements, with the balance from permanent recruitment fees. The acquisition is expected to be immediately earnings enhancing for Gattaca. Under the terms of the acquisition, Gattaca's wholly-owned subsidiary, Matchtech Group (Holdings) Limited, will initially acquire 70% of RSL's issued share capital for £6.9m from founder and chief executive Richard Lawrance and Alysoun Stewart, an investor in RSL. The remaining 30% is subject to a put and call options exercisable from 12 months post-completion for 5.0x trailing EBITA at that time. The maximum total consideration payable is £15.0m. All consideration is payable in cash and will be funded from the Group's existing resources. The group will take on RSL's existing working capital finance facilities, expected to be approximately £4.0m at 31 January 2017. Lawrance will continue as CEO of RSL following the acquisition and the existing management of RSL will also remain in place. Gattaca also announced that it had delivered solid results in the six months to the end of January during a period of "some instability in the UK, following the EU referendum on 23 June". The group said it continued to position itself for maximising growth opportunities both in the UK and internationally. It added: "Accordingly, whilst the Board continues to monitor uncertainty in the wider economy, we continue to invest selectively in strengthening the business to support its medium and longer term performance."
From Staffline RNS 25/01/2017 Financial highlights: Revenue up 26% to £882.4m Group gross profit up 24% to £124.9m Reported profit before tax up to 244% to £18.9m Net debt significantly reduced from £63.1m to £36.7m Final dividend of 15.3 pence; total dividend for the year of 25.8p, an increase of 29% Strong Operational highlights too. Huge potential for Gattaca results IMO.