GTK - Gentrack

[Left Field]

GTK's TA has been going down/sideways for a long time, so this upgrade may bring some joy.

https://www.nzx.com/announcements/399599

On 24th February 2022 and then again on 24th May 2022, Gentrack Group Limited (NZX/ASX: GTK) ("Gentrack") advised that revenues for FY22 are forecast to be around $115m (vs FY21 revenues of $105.7m) and that FY22 EBITDA is expected to be in low single-digits ($'m). Gentrack now advises that revenues for FY22 are forecast to be around $125m and that FY22 EBITDA is expected to be in the mid to high single digits ($'m).

[Left Field]

Ever since the  upgrade above the SP has soared..... nudging $3.00 today,  over 100% above its low of $1.32

Nice for holders.

[Left Field]

From today's announcement

Gentrack Group Limited (NZX/ASX: GTK) ("Gentrack") advises that in FY23 we now expect to earn c.$25m from managing the exit of a major UK customer, which is c.$12m more than we had previously guided. This additional revenue and the associated EBITDA benefit is expected to be a one-off increase and will be recognised substantially in the first half of the year. In line with our previous guidance, we do not expect significant revenue from this customer beyond the current financial year and so our guidance for FY24 of revenue of c.$150m and an EBITDA margin of 12-17% remains unchanged.

GTK one to watch.

[Left Field]

 GTK has been good for my portfolio. SP up 106% from my Jan 2021 purchase at $1.54

Milford has been buying more lately.

Onwards and upwards.

[Left Field]

A standout performer in my portfolio last year and upgraded expectations for the future.... exciting

• Revenue: $84.3m – up 47.7% on H1'22
• EBITDA $16.0m – up $14.8m over H1'22
• Statutory NPAT: $7.9m profit v $5.8m loss in H1'22
• Cash: $41.9m – up $14.5m over FY22
• No Dividend payable
• Results include substantial one-off revenues, but strong underlying growth
means that both FY23 and FY24 revenue guidance have been upgraded to a range of $157m to $160m (from previous guidance of $147m to $150m for FY23 and $150m for FY24)

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/GTK/411751/394744.pdf

[BlackPeter]

A standout performer in my portfolio last year and upgraded expectations for the future.... exciting

• Revenue: $84.3m – up 47.7% on H1'22
• EBITDA $16.0m – up $14.8m over H1'22
• Statutory NPAT: $7.9m profit v $5.8m loss in H1'22
• Cash: $41.9m – up $14.5m over FY22
• No Dividend payable
• Results include substantial one-off revenues, but strong underlying growth
means that both FY23 and FY24 revenue guidance have been upgraded to a range of $157m to $160m (from previous guidance of $147m to $150m for FY23 and $150m for FY24)

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/GTK/411751/394744.pdf

Well, yes - GTK is a cyclical hype pump. Apparently hype going up these days ... just be careful to dance close enough to the exit and have some transport waiting for you outside when you want to leave.

[winner (n)]

Well, yes - GTK is a cyclical hype pump. Apparently hype going up these days ... just be careful to dance close enough to the exit and have some transport waiting for you outside when you want to leave.

Heading back to good ol' days when share price was over $7

So not blue sky stuff yet ... another 70% to go

[KW]

Nice to see at least one NZ stock kicking goals

[LaserEyeKiwi]

whats going on with Gentrack? Decent move higher over last week.

[Left Field]

whats going on with Gentrack? Decent move higher over last week.

GTK has been a great addition to my portfolio since it's $1.50 days (see post #3 above) .......

This announcement heralding more local progress is a good sign ahead of the results announcement due 28 Nov. 

https://www.nzx.com/announcements/421918

[winner (n)]

GTK has been a great addition to my portfolio since it's $1.50 days (see post #3 above) .......

This announcement heralding more local progress is a good sign ahead of the results announcement due 28 Nov. 

https://www.nzx.com/announcements/421918

Well done Leftie

You'll be happy as management will be when share price hits 10 bucks eh

[Left Field]

Results out..... plus an upgrade.

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/GTK/422454/408276.pdf

• 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 growth
means that FY24 revenue guidance has been upgraded to c. $170m (from
previous guidance of $157m to $160m for FY24) and FY24 EBITDA is now
expected to be between $20.5m and $25.5m.

Good to see the GTK team working so hard to get their excessive bonus's

[Left Field]

.....and up 9.5% or 49c to $5.65c on today's news. New 12 month high. Holders happy.

[Left Field]

Heading back to good ol' days when share price was over $7

So not blue sky stuff yet ...

Crikey .... and now over $6.00....... Winner right again! lol.

[Left Field]

While much attention was on Turners inclusion in the  NZX50 index, good to see GTK sneaked in too.  Naaaice.

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/NZXO/422832/408802.pdf

GTK not a stock for dividend hounds, however, it has gained 350% in the 16 months from its low of  $1.35 to $6.19 on Friday 1 Dec 2023.

Onwards and upwards.