GTK - Gentrack

[Rawz]

Shocking.. who are the major shareholders?

[blackcap]

84.6% in favour

Who were the lambs that voted for the management money grab?

The Australian Institutions.

[winner69]

TRANSFORMATIONAL is thevword

Gentrack / Genesis deal

http://nzx-prod-s7fsd7f98s.s3-websit...918/407551.pdf

[LaserEyeKiwi]

The juicy management remuneration scheme approved recently looks even more egregious when they obviously were in progress on this new genesis deal.

I am of course supportive of the deal, but managemnt really coming across as opportunistic poopyheads now.

[sb9]

The juicy management remuneration scheme approved recently looks even more egregious when they obviously were in progress on this new genesis deal.

I am of course supportive of the deal, but managemnt really coming across as opportunistic poopyheads now.

Yeah seems like that right, slowly releasing material news ahead of results end of month.

[sb9]

Let’s see what they will tell us tmrw, some big plans on the journey towards much talked $10 price target per executive bonus scheme

[Sideshow Bob]

Milford trimming their holding.....

https://www.nzx.com/announcements/422461

[Sideshow Bob]

https://www.nzx.com/announcements/422454

Results Summary

• Revenue: $169.9m – up 34.5% on FY22
• EBITDA: $23.2m – up $15.1m over FY22
• Statutory NPAT: $10.0m profit v $3.3m loss in FY22
• Cash: $49.2m – up $21.8m over FY22
• No dividend payable
• Results include $27.6m of one-off revenues, but strong underlying growthmeans that FY24 revenue guidance has been upgraded to c. $170m (fromprevious guidance of $157m to $160m for FY

[LaserEyeKiwi]

Interesting result, also good Q&A on the call.

Growth guidance is really masked by those $27.6m in “one off” revenue this year (which is revenue from failed UK power companies).

Will be interesting to see what FY25 looks like as presumably if they keep the same sort of growth that they project for FY24, then EBITDA should potentially really rip higher as operational leverage kicks in (eg new revenue dollars increasingly flow through to EBITDA/Net Income as fixed costs grow proportionally much slower than revenue).

They even teased entering the American market at some point once they are ready, in response to a question on the call. $$$$$

[LaserEyeKiwi]

Market liked it:

IMG_0927.jpg