GTK - Gentrack

[BlackPeter]

Fair question ... though it is certainly one of the better performers from last years IPO round. Sound growth (pretty consistent around 10% CAGR) and hey - they don't just promise to make money, but they do make some - missing however some of the hype component of their peer IPO-candidates.

One lonely analyst at 4traders daring a "consensus" forecast of $2.50 ... and if we use the Graham formula, than we would look at a target price of nearly $4.00.

Price will probably go somewhat up and down due to the chunkiness of their business (but don't take my word for it), but overall I feel much better with holding some of them (here is my disclosure), than I would with e.g. PEB, OHE or even WYN.

I do see them as a promising long term investment - and yes, getting in at $2,00 some weeks ago was certainly better than buying in now would be, but I don't see them yet as over prized (s. above).

DYOR (I know, you will - PT - just for the other readers ...).

Looks like one of the directors had as well an opinion whether the share is already too dear. He was still buying at $2.24 (though admittedly only a modest amount - some 8300 shares).

https://www.nzx.com/files/attachments/226149.pdf

[BlackPeter]

Hmm - looks like this is a great thread for talking with myself ...

Anyway - despite the apparent lack of interest ... GTK sweetened the season by adding a golden cross about Christmas day (what a timing). Clear indication that buying this stock around September 2015 would have been an amazing idea!

Discl: I did (buy some more in September) ... and still see further potential in this stock based on a forward PE of 19 and a CAGR of 10. DYOR.

[BlackPeter]

Ian Black - new CEO with a quite distinguished career in SAP Australia / NZ: Might not have given him lots of technical insights (SAP develops in Germany), but I am pretty sure he understands the client needs in our part of the world:

https://www.nzx.com/companies/GTK/announcements/276469

Welcome on board, Ian ... I expect the uptrend to continue!

[RGR367]

Expanding into the future? http://www.sloughexpress.co.uk/News/...s-22032016.htm

[BlackPeter]

Expanding into the future? http://www.sloughexpress.co.uk/News/...s-22032016.htm

interesting find ... and makes sense for them to grow their UK office given their strong UK growth (44% last year). Each of their customers gets basically a unique software solution ... and it is always good to have the staff building and fine tuning these solutions close to the customer.

They mentioned in their AGM presentation, that they are looking for new premises in the UK. Interesting though, that they moved already into them - and that we learn about this through a lucky find in a local UK paper, instead of through the company.

[Louloubell]

I prefer under-promising and under-communication and over-delivery to under-delivery and over-communication and over promising.

[BlackPeter]

I prefer under-promising and under-communication and over-delivery to under-delivery and over-communication and over promising.

can't argue with that ...

[Louloubell]

This was the full extend of my philosophical wisdom. Sad he?

[babymonster]

expecting good result in May? any thoughts guys?

[waikare]

expecting good result in May? any thoughts guys?

Some very good numbers released this morning

Revenue $23.3m - up 26% on prior year H1
• EBITDA $6.7m - up 23%
• NPAT $3.8m - up 21%
• Interim Dividend of 4.2cps declared