GTK - Gentrack

[moka]

Gotta share the love - Serko is getting all the attention.
Gentrack listed the day after Serko on 25/6/2014.

NZX Top Gains
Serko $1.90 0.15 up 8.6%
Gentrack $6.48 0.38 up 6.2%

https://www.nzx.com/announcements/311136
Gentrack revenue and profit up 43%
Gentrack Group Limited (NZX/ASX: GTK), a market leader in software solutions for utilities and airports, announces its annual financial results for the year to 30 September 2017.
Highlights (NZ$)
• Revenue $75.2m and EBITDA 1 $23.9m: both up 43% on FY16
• NPAT $11.8m: up 23% on FY16
• Final Dividend: 8.5cps, bringing full year dividend to 12.7cps

[RupertBear]

Just another one of my mistakes selling out @ $2.85 GULP

[Crow]

It just plugs away and so can't complain, happy holder.

[moka]

Just another one of my mistakes selling out @ $2.85 GULP

It is okay to make mistakes. Mistakes are lessons. We learn from our mistakes.
Why did you buy GTK?
Why did you sell GTK?
With hindsight what can you learn from this so you can do better next time.

Change your thinking about mistakes and what a mistake means.
A winner is willing to learn. I am a winner. I am willing to learn.
Life is a life-long journey of learning. Everything in my life is an opportunity for learning.
Mistakes are not proof that I am bad, they are doors for learning and moving on.

Mistakes viewed as lessons build confidence and success while mistakes viewed as failures undermine. Thinking of mistakes and failures as lessons can help me develop an optimistic frame of mind. We never make mistakes here, we only add to our experience.
I do not use the word failure to describe my mistakes I refer to them as learning experiences, detours or opportunities for growth. Making mistakes is a normal part of life and I see mistakes as learning opportunities.
I am not a failure. I need to try harder. I know that failure is a necessary part of the learning process, not the end of the learning process.

I am willing to take risks because I know that the most powerful learning occurs when I risk the possibility of disapproval and discover in most cases it does not happen, and that even if it does happen I can cope. I know that freedom is not worth having if it does not include the freedom to make mistakes.
I am willing to change and grow and so I am willing to face my fears and make mistakes. I learn from failures and move on. I begin to look for the good in every situation, even when I fail, and to recognise that something good always comes out of adversity.

Life is a gentle teacher. She wants to help us learn. The lessons she wants to teach us are the ones we need to learn. Life is a gentle teacher. She will keep repeating the lesson until we learn. It is okay to become frustrated, confused and angry. Sometimes it is okay to despair. Then it is okay to walk away and allow the breakthrough to come. It shall.
Obstacles are gifts for learning. A problem is simply an opportunity in disguise. Problems are messages.
Mainly from Melody Beattie - The Language of Letting Go.

[moka]

Wisdom on mistakes from Mark Douglas – The Disciplined Trader

All experiences are valid and have meaning and as such, mistakes don’t exist, they just point the way.
Mistakes just point the way to something that we haven’t learned yet and obviously need to know.

A mistake isn’t resolved until we evolve in our understanding to the point where we can garner the insight that is available from the experience. When that point is reached, what we experienced is no longer a mistake or painful because of what we have learned.
We have to change our definition of what constitutes a mistake. Mistakes are virtually synonymous with pain. We can find any number of ways to avoid acknowledging a mistake so we don’t have to confront the pain, and in the process we cut ourselves off from what we need to know to grow, expand, and improved our lives.
We can change our definition of what constitutes a mistake just as we can intensify the emotional energy behind an insult. We need to allow ourselves to learn from all our experiences instead of hiding from them, feeling pain, or punishing ourselves in some way.

Change your focus from making money to “what do I need to learn or how will I have to adapt myself to interact more successfully with the market. “ Stay focused on what you need to learn.
Each moment is a perfect reflection of your level of development. If you look at each moment that things don’t turn out as you want or expect as a mistake, then you will usually cut yourself off from the insight about yourself contained within each moment. The reason why we cut ourselves off from this information is because we typically associate mistakes with pain. We will instinctively avoid pain and in doing so also avoid what we need to know about ourselves to interact more effectively in similar circumstances in the future.

[RupertBear]

Thanks for your pearls of wisdom Moka.

Unfortunately I am an impatient and impulsive bear. I jump in when I shouldnt and jump out when I shouldnt. I hold onto dogs and watch them go down reassuring myself they will go back up again. I sell my winners just incase they go down then watch them sail away without me.

So yes I guess my "mistakes" have all been learning experiences. I am now much more aware of the "mistakes" I made when I first started out. Like buying into the Snakk and GeoOp and Wynyard feeding frenzy. Like holding on during a strong down trend. Like catching the falling knife. I have certainly learned a lot and most of it I have learned on here from people prepared to share their experiences and their opinions and offer their encouragement to continue and to not despair over making "mistakes".

Many thanks to you all

[moka]

It just plugs away and so can't complain, happy holder.

Another new contract for Gentrack today
https://www.nzx.com/announcements/311330
4th December 2017 Gentrack Signs UK Deal With ‘Big Six’ Energy Supplier
Gentrack Group (NZX/ASX: GTK), is pleased to announce the signing of a significant contract with Npower in the UK, to provide its Junifer billing and customer management system as part of an overall transformational programme of work. The signing of this contract provides further evidence of Gentrack’s position as a leading provider of essential meter-to-cash solutions to utilities in the UK energy sector. The go-live is expected in 2018.

[moka]

Gentrack has a good track record of new contracts over the last three years, no wonder the share price has been on an uptrend.

https://www.nzx.com/announcements/305986
23/8/2017 Gentrack signs Hunter Water
Gentrack Group is pleased to announce the signing of a multi-million dollar contract with Hunter Water Corporation, to provide a new billing and customer management system. The project is expected to be completed in 2018 and does not change Gentrack’s previously announced financial outlook for FY17.

https://www.nzx.com/announcements/300182
24/4/2017 Gentrack Accelerates Growth of its Airports Software Business With Acquisitions
Gentrack Group has acquired Blip Systems A/S and agreed to acquire CA Plus Ltd, subject to final closing conditions. These strategic acquisitions expand Gentrack’s airport software product range and customer base worldwide. They are expected to contribute marginally to EPS in FY17, to be accretive from FY18 and contribute to doubling Gentrack’s Airport Division EBITDA by FY19.

https://www.nzx.com/announcements/298969
28 March 2017 Gentrack accelerates growth in the UK with acquisition of Junifer.
Gentrack Group has entered into an unconditional agreement to acquire the UK based utility customer information and billing system provider Junifer Systems Limited ("Junifer") for an enterprise value of NZ$74.6m (£42.0m)(1).
Junifer is a market leading utility customer information and billing system provider for energy retailers in the UK with 25 existing customers out of approximately 50 energy retailers in that market. Junifer's technology is provided on a SaaS basis and offers new entrant utilities a cost effective and preconfigured solution. The combined Gentrack and Junifer business will be the market leader by number of utilities in the UK with 32 customers, supported by 130 local staff and a full product range for energy and water utilities.

https://www.nzx.com/announcements/281091
20/4/2016 Good Energy Signs with Gentrack for New Billing and Customer Management Solution
Gentrack Group a specialist in software for utilities and airports, is pleased to announce the signing of a contract with Good Energy, a leading renewable energy retail utility in the UK, to implement its Gentrack Velocity Billing and CRM software.
“The UK energy sector is rapidly evolving with retailers like Good Energy, a provider of 100% renewable energy, challenging the Big 6 energy providers. This contract to deliver our proven billing and customer management solution supports our continued investment in the UK as a core growth market for Gentrack.”
Gentrack is also pleased to advise the re-signing of the Fiji Electricity Authority (FEA) for an upgrade of its Gentrack Velocity billing and CRM software. This project continues a 17 year partnership with FEA, Fiji’s incumbent supplier of electricity services to over 200,000 households and businesses.

https://www.nzx.com/announcements/268110
7/8/2015 GENTRACK SIGNS CONTRACT WITH AUSTRALIAN UTILITY AND UPDATES GUIDANCE
Gentrack Group is pleased to announce the signing of a substantial contract to upgrade its Velocity software at an Australian utility. This is for the implementation of Gentrack’s latest billing and CRM solution to support electricity, gas and water utility products and services, and is expected to be completed in 2017.

https://www.nzx.com/announcements/267062
16/7/2015 Gentrack Secures Contract with a Large UK Water Company
Gentrack Group is pleased to announce the signing of a substantial contract with a large water utility in the UK to implement its Velocity Billing and CRM software.
Gentrack Group Chairman John Clifford reaffirmed the Board’s FY15 guidance provided in May. “This contract is one of the two deals mentioned in our half year guidance which we had expected to secure earlier in the year. We continue to make progress towards signing the other contract with an energy utility in Australia.
Gentrack’s latest R&D includes a strong focus on delivering new software capabilities to support water retailers in the UK where over 1.2 million businesses will soon have the ability to choose their water retailer. The above implementation project is expected to be completed in early 2017.

https://www.nzx.com/announcements/260343
5/2/2015 Gentrack signs new customers: Go Energy and Queenstown International Airport
The contracts involve the implementation of its Velocity and Airport 20/20 software solutions. The Velocity Billing and CRM software will be deployed in the Cloud for Go Energy, an innovative solar energy utility business based in Sydney Australia, while the Airport 20/20 Flight Information Display software is being deployed at Queenstown International Airport to support the airport’s growth and to help enhance the passenger experience. After this installation, Airport 20/20 solutions will be used by New Zealand’s four major airports including Auckland, Wellington and Christchurch.

[Crow]

Lol, well, well, well one out of two wasn't bad.....Wynyard (Yes... i was a burnt holder) could have learnt from this lot.

[moka]

I am just doing my research and there are lots of positive indicators such as this one in 2015:

https://www.nzx.com/announcements/267659
30/7/2015 CEO Succession
The Board of Gentrack announces that James Docking has signalled his intention to step down as CEO in 2016 in order to enable a new leader to take the company onto the next stage of growth. The Board will commence an international search for a new CEO and James has agreed to remain in the role until an effective handover is made, after which it is envisaged that he will remain involved in the business in a capacity to be agreed.
James said, “Having reassessed the medium term executive needs of the expanding business, and my own personal circumstances, I have made the difficult decision to step back from the CEO role next year and assist with the transition of a new leader to take the business through its next stage of growth.”
Chairman, John Clifford said, “James has been with Gentrack for over 20 years and as CEO since 2005, successfully taking the business into the Australian and UK utility markets and through the IPO in 2014. He will remain as CEO until we have secured a new leader with the skills required for the next phase in the evolution of the company.”