You are here

Prices & Quotes - UK Markets - Gresham Technologies (GHT)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
172.00p
Change Today:
0.000p
Market Cap:
£143.39m
Sector:
Software & Computer Services

London afternoon: Barclays leads market lower

Date: Tuesday 13 Jan 2009

  • Market Movers
  • techMARK 1,244.27 -0.56%
  • FTSE 100 4,351.19 -1.69%
  • FTSE 250 6,516.03 -2.54%

LONDON (ShareCast) - Barely a dozen of the Footsie’s constituents are in positive territory as London looks set to decline for the fifth day in succession.

Financial stocks lead the market lower. Banks were particularly hard hit on Wall Street yesterday and today it is the turn of UK banks to get it in the neck.

Barclays is the biggest casualty after it said deputy chairman Nigel Rudd will leave after the 2009 Annual General Meeting. The group said Rudd does not intend to seek re-election to the Barclays Boards at the AGM, which will be held in April 2009.

Royal Bank of Scotland is friendless after it confirmed yesterday it has lent $3.47bn (£2.34bn) to Lyondell Chem-ical, the bankrupt US chemicals company.

The slide in global stock markets is doing no favours to the investment portfolios of insurers, and the likes of Legal & General, Aviva and Friends Provident are all sharply lower.

Miners are also in the dog-house on enduring concerns about a global slump in demand for metals, as economic data points to the prospect of the recession being deeper and lasting longer than previously thought. ENRC bucks the trend, however, as does gold miner Randgold Resources.

Profit-takers have moved in on oil producer Tullow. The stock initially shot up after it announced it has made the largest discovery of oil to date in the Lake Albert Rift Basin in Uganda. Its joint venture partner in Uganda, Heritage Oil, remains in positive territory, however.

Supermarket giant Tesco's UK sales growth slowed sharply over Christmas though a strong international performance helped group sales overall rise 11.6%. In the UK like-for-like sales excluding petrol only increased 2.5% in the period, one of its weakest Christmas performances for years.

In-house search software specialist Autonomy has signed up an unnamed major global bank as a client, its sixth contract win of the year.

Hovis bread maker Premier Foods posted a 9% rise in sales in the year to 31 December and predicted the strong performance would continue through the current economic downturn. The firm, whose other brands include Branston Pickle, expects to report a pre-tax profit of between £185m and £190m.

Efforts to recover commodity costs and emphasis on value helped Goodfella’s Pizza and Fox’s Biscuits maker Northern Foods report a 3% rise in underlying sales in the quarter to 27 December. While the firm broadly lifted prices to cope with the impact of greater input costs, it also benefited from its new value ranges of pizza, salads and other foods.

House builder Taylor Wimpey will take further provisions against its land and work in progress in its next figures after no improvement in the housing market. The builder added that talks are still underway with its banks over refinancing its £1.55bn with a decision expected by the end of March, when a deferral period for a covenant test expires.

Insulation and roofing supplier SIG has increased the number of store closures and job losses as like-for-like sales during the year only grew 6% in sterling but fell 1% in constant currency. Total sales for the year were around £3,040m, an increase of approximately 24% over 2007. It expects underlying profit before tax to be in line with current analysts' consensus expectations.

Retailer Topps Tiles sales continued to struggle over Christmas with like-for-like sales over the period down by over 18%. "At the full year results announced on 25 November 2008, we reported that for the first 7 weeks of trading in the new financial period total revenues decreased 13.5% and like for like revenues reduced 18.3%," Topps said.

Computer gaming retailer Game Group slides after it issued a cautious outlook for 2009, though it still expects profit to come in slightly ahead of market expectations. Broker KBC Peel Hunt believes the time is right to take some profits on the stock. “We expect sales for the first quarter to fall in double digit terms, we see scope for profit taking again in the short term. Indeed, unless we have materially under-estimated PS3 volumes, then we believe the shares may struggle to find support after April’s preliminary results, making this an ideal opportunity to take some profits,” KBC analyst John Stevenson said.

There is some good news from the IT sector. Gresham Computing said it anticipates reporting a significantly improved result for the year ended 31 December 2008 compared to last year. It anticipates reporting an adjusted EBITDA profit for the full year of approximately £0.6m, which includes £0.4m profit on sale of Redstone, compared to a loss of £2.2m reported in 2007.

Similarly, IT services provider Computacenter expects 2008 profits to be significantly ahead of market expectations.

Shares in Braemar Shipping were on offer after the shipping services firm said it expects to see lower revenues and profits from its shipbroking activities in the next financial year.

Liontrust Asset Management’s shares have plunged after two of its top fund managers, Jeremy Lang and William Pattisson, resigned.

The share price of Rok dropped like a stone after the maintenance and building services group revealed it is reassessing revenue expectations for 2009 following a drop in trading volumes during the last quarter of 2008.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

GHT Market Data

Currency UK Pounds
Price 172.00p
Change Today 0.000p
52 Week High 176.50p
52 Week Low 132.50p
Volume 8,037
Shares Issued 83.36m
Market Cap £143.39m
Beta 0.32

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Income
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
PEG
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
EPS Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
Operating Margin
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector

GHT Dividends

  Latest Previous
  Final Final
Ex-Div 15-Apr-21 09-Apr-20
Paid 20-May-21 21-May-20
Amount 0.75p 0.75p

Trades for 03-Dec-2021

Time Volume / Share Price
09:52 5,753 @ 172.86p
08:03 2,284 @ 172.87p

GHT Key Personnel

CEO Ian Manocha