GTK - Gentrack

[LaserEyeKiwi]

She wants to move!

[Waltzing]

after burner this year ...

any chance of a DIV one day...

[LaserEyeKiwi]

after burner this year ...

any chance of a DIV one day...

Maybe one day, but at present they explicitly pouring all free cashflow into entering additional geographies & product verticals (water & airport management software). 

[Left Field]

Annual report out for those interested......

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/GTK/423883/409991.pdf

[LaserEyeKiwi]

10% stakeholder Swan Hill sold its entire position yesterday in block sale.

[Left Field]

Smart move from one of my fav's

https://www.nzx.com/announcements/425560

[Left Field]

Over $8.00 today......well done GTK

300% gain with more upside yet.

[winner (n)]

Over $8.00 today......well done GTK

300% gain with more upside yet.

That $10 not far away .....we won't mind giving 10% of the company away will we

[Left Field]

That $10 not far away .....we won't mind giving 10% of the company away will we

And why not another 10% when they get to $20?

Power to the workers aye Winner....

[Left Field]

Big crossing of 600k at $8.23

Love it!

[LoungeLizard]

Impressive stuff! Congrats to holders. Has been off my radar since I looked at it a couple of years ago and decided I didn't know enough about what they were doing to buy in. Slightly regretting that now...

[Left Field]

..... and up another 3% to $8.40

[Left Field]

Crikey.... forget HGH, TRA, SPK etc..... this has been a star in my portfolio..... heading to $9.00 from $3.26 a year ago... plus a nice upgrade in today's results.....say no more.

https://api.nzx.com/public/announcement/431294/attachment/418712/431294-418712.pdf

Results Summary
• Revenue: $102m – up 21% on H1'23 and up 58% when excluding $19.7m
of one-off revenues in prior period from insolvent customers.
• EBITDA: $12.3m and tracking well against our FY24 guidance.
H1'23 EBITDA of $16m included one-off high margin revenue from
insolvent customers.
• Statutory NPAT: $5.3m profit v $7.9m in H1'23
• Cash: $39.3m after investing $12.9m in Amber during period v $41.9m at
H1'23

Guidance
Both Utilities and Veovo continue to grow strongly as a result of recent wins
and customer upgrades and so we are able to upgrade our previous revenue
guidance of at least $170m for FY24, to new guidance of c.$200m for FY24.
Against this higher revenue guidance, and whilst continuing to invest in
strategic R&D and international expansion, EBITDA is expected to be between
$23.5m and $26.5m (12%-13%). This compares to our previous guidance of
between c. $20.5m and $25.5m.

[Left Field]

Gentrack could be NZ's next billion-dollar business

(Business Desk article paywalled.....)

https://businessdesk.co.nz/article/markets/gentrack-could-be-nzs-next-billion-dollar-business

[Left Field]

Glowing report on GTK on RNZ morning programme by Business Reporter, Rebecca Stevenson today ...

Go GTK!