GTK - Gentrack

[gbogo]

28% i wish.S/P Down 6%, mkt expected higher profits?
Or is it the flat outlook for 2nd half ,the same, is that whats dropped the s/p.

Flat outlook, I think. FNZC said, "we don't like guidance below market expectations". Underperform rating, target $6.10 NZ.

I personally like the stock and am bidding for more as I think it's an over-reaction. but clearly there were too many sellers lined up.. selling the fact again..

[Joshuatree]

Craigs still have buy t/p $7.40 noting Gentrack tend to underpromise and over deliver and their long term growth EBITDA reiterated @15% intact.

[RupertBear]

I had a wee nibble today. I was a holder but sold out a while ago and have regretted it ever since.

[gbogo]

Flat outlook, I think. FNZC said, "we don't like guidance below market expectations". Underperform rating, target $6.10 NZ.

I personally like the stock and am bidding for more as I think it's an over-reaction. but clearly there were too many sellers lined up.. selling the fact again..

My bad sorry - they actually raised their target to $6.35 from $6.10.

[BlackPeter]

I had a wee nibble today. I was a holder but sold out a while ago and have regretted it ever since.

They are no doubt a promising company and did well over the recent years. I know as well the feeling of missing out (sitting in the same boat there as you) ... but not sure this would be my preferred time to buy back in ...

I guess they sit as many other growth companies currently on a quite high PE (25 forward, 52 backwards) - priced for perfection. And to be fair, they are good, but not perfect - remember them breaking their IPO promises?

How much higher do you expect the PE to go in a time where PE contractions are more likely to come than further PE growth?

[RupertBear]

They are no doubt a promising company and did well over the recent years. I know as well the feeling of missing out (sitting in the same boat there as you) ... but not sure this would be my preferred time to buy back in ...

I guess they sit as many other growth companies currently on a quite high PE (25 forward, 52 backwards) - priced for perfection. And to be fair, they are good, but not perfect - remember them breaking their IPO promises?

How much higher do you expect the PE to go in a time where PE contractions are more likely to come than further PE growth?

All true BP and my impulsive streak may have got the better of me!

[waikare]

Gentrack Group Limited (NZX/ASX: GTK) advises that it intends to raise approximately NZ$90 million of new equity through a fully underwritten accelerated entitlement offer ("Offer"). Under the Offer, Eligible Shareholders are entitled to acquire 1 New Share for every 5.77 Existing Shares held as at 9.00pm (New Zealand time) on the Record Date of Friday, 6 July 2018, at an Application Price of NZ$6.19 per New Share.
The Application Price reflects an 11.6% discount to the last close price on the NZX of NZ$7.00 and a 10.0% discount to the theoretical ex-entitlement price of NZ$6.88 as at 3 July 2018.
A very attractive offer......

[RupertBear]

Gentrack Group Limited (NZX/ASX: GTK) advises that it intends to raise approximately NZ$90 million of new equity through a fully underwritten accelerated entitlement offer ("Offer"). Under the Offer, Eligible Shareholders are entitled to acquire 1 New Share for every 5.77 Existing Shares held as at 9.00pm (New Zealand time) on the Record Date of Friday, 6 July 2018, at an Application Price of NZ$6.19 per New Share.
The Application Price reflects an 11.6% discount to the last close price on the NZX of NZ$7.00 and a 10.0% discount to the theoretical ex-entitlement price of NZ$6.88 as at 3 July 2018.
A very attractive offer......

Indeed, I will be taking up their offer

[Joshuatree]

Honey in the rock.Sticky imbiber here.

[waikare]

Honey in the rock.Sticky imbiber here.

Unsure what you a saying Joshuatree, care to expand a little.