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

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

London close: Late rally not enough

Date: Tuesday 13 Jan 2009

  • Market Movers
  • techMARK 1,245.16 -0.49%
  • FTSE 100 4,399.15 -0.61%
  • FTSE 250 6,547.29 -2.07%

LONDON (ShareCast) - A late rally was not enough to prevent the Footsie from falling for the fifth day in a row.

Financial stocks were prevalent among the major fallers. 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 was 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 was friendless after it confirmed yesterday it has lent $3.47bn (£2.34bn) to Lyondell Chemical, 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 were all sharply lower.

Meanwhile, property stocks were hit by bearish comments from Oriel Securities which expects UK commercial property values to continue falling in 2009. The broker is tipping an 11% decline in the capital growth performance of the sector, following from a 27% slide last year.

Profit-takers moved in on oil producer Tullow and its joint venture partner Heritage Oil. The share prices of both initially shot up after Tullow announced it had made the largest discovery of oil to date in the Lake Albert Rift Basin in Uganda.

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.

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 eased after it issued a cautious outlook for 2009, though it still expects profit to come in slightly ahead of market expectations.

There was 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. 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 ship-broking activities in the next financial year.

Liontrust Asset Management’s shares plunged after two of its top fund managers, Jeremy Lang and William Pattisson, served notice to quit.

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.

FTSE 100 - Risers
Randgold Resources (RRS) 2,670.00p +6.37%
Unilever (ULVR) 1,593.00p +3.11%
Reed Elsevier (REL) 538.00p +2.67%
Shire Plc (SHP) 1,038.00p +2.27%
FirstGroup (FGP) 421.25p +2.18%
Centrica (CNA) 270.00p +2.18%
TUI Travel (TT.) 235.50p +2.17%
Next (NXT) 1,189.00p +1.89%
BHP Billiton (BLT) 1,263.00p +1.69%
Royal Dutch Shell 'A' (RDSA) 1,802.00p +1.64%

FTSE 100 - Fallers
Barclays (BARC) 165.90p -10.13%
Friends Provident (FP.) 77.00p -8.88%
Aviva (AV.) 400.00p -8.15%
Royal Bank of Scotland Group (RBS) 51.10p -7.09%
Hammerson (HMSO) 514.50p -6.54%
Legal & General Group (LGEN) 73.30p -6.15%
Cable & Wireless (CW.) 152.20p -5.70%
Lloyds TSB Group (LLOY) 133.00p -5.47%
Prudential (PRU) 371.00p -5.36%
British Land Co (BLND) 537.00p -5.12%

FTSE 250 - Risers
Ferrexpo (FXPO) 43.00p +12.42%
Northern Foods (NFDS) 61.25p +9.87%
Weir Group (WEIR) 396.25p +7.09%
Burberry Group (BRBY) 220.75p +4.25%
Domino's Pizza UK & IRL (DOM) 210.00p +3.96%
Misys (MSY) 122.75p +3.81%
Telecom Plus (TEP) 314.50p +3.54%
easyJet (EZJ) 309.25p +3.43%
Mothercare (MTC) 379.00p +3.13%
BTG (BGC) 133.25p +3.09%

FTSE 250 - Fallers
SIG (SHI) 182.25p -16.78%
Punch Taverns (PUB) 57.75p -12.17%
Cattles (CTT) 23.00p -9.80%
Aquarius Platinum (AQP) 184.00p -9.80%
COLT Telecom Group S.A. (COLT) 76.50p -9.47%
Fidessa (FDSA) 580.00p -9.38%
Elementis (ELM) 40.25p -8.00%
Kier Group (KIE) 861.00p -7.87%
JKX Oil & Gas (JKX) 195.75p -7.45%
Barratt Developments (BDEV) 93.00p -7.23%

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.

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Price Trend
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Income
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Growth
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P/E
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PEG
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Dividend Yield
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EPS Growth
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Operating Margin
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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