GHT
GHT
GBX
Ords
5p Ords
Gresham Computing PLC
01045
true
1045
58136000
58135978
GB0008808825
18
5
2012
8
31
54
57.50
58.50
33428200.00
-2.00
-1.50
57.00
60.00
59.00
57.00
58.00
166600
63.62
23
2
2012
0
0
0
44.50
9
8
2011
0
0
0
58.56
57.50
57.50
59.00
57.00
54.20
-3.4782608
57.50
-2.00
-2.00
20
5
2012
4
45
19
LSE
London Stock Exchange
Europe/London
480
990
18
5
2012
8
0
0
18
5
2012
16
30
0
T
59.50
0.00
0
61.00
59.50
0.00
0
61.00
59.00
59.00
58.56
-0.50
3000
59.00
58.56
59.00
58.44
59.00
58.44
-1.06
4000
59.00
58.44
58.44
59.00
59.00
58.44
-0.50
1700
59.00
58.44
59.00
59.00
59.00
58.44
-0.50
0
59.00
58.44
59.00
59.00
59.00
58.44
-0.50
0
59.00
58.44
59.00
59.00
59.00
58.44
-0.50
0
59.00
58.44
59.00
59.00
59.00
58.44
-0.50
25000
59.00
58.44
59.00
58.00
59.00
58.00
-1.50
22500
59.00
58.00
58.00
58.00
59.00
58.00
-1.50
0
59.00
58.00
58.00
59.00
59.00
58.00
-0.50
25000
59.00
58.00
59.00
59.00
59.00
58.00
-0.50
0
59.00
58.00
59.00
57.00
59.00
57.00
-2.50
1500
59.00
57.00
57.00
57.00
59.00
57.00
-2.50
10000
59.00
57.00
57.00
57.00
59.00
57.00
-2.50
0
59.00
57.00
57.00
57.00
59.00
57.00
-2.50
0
59.00
57.00
57.00
57.00
59.00
57.00
-2.50
0
59.00
57.00
57.00
57.50
59.00
57.00
-2.00
166600
59.00
57.00
57.00
POUND STERLING
GBP
2.087
2.393
2.7
1.693
2
2.4
-2.283
20.985
33.428
9.2
13.2
2.594
3.101
4.3
-13.646
19.545
38.665
22.167
18.542
13.372
19.142
20.18
20.652
-1.624
.949
.346
.752
-9.045
1.693
2.047
2.4
18.53
9.07
2.883
32.605
40.836
1.981
-.996
2.058
13.588
0
12.24
13.193
14.1
2012
2013
2014
2011
NRM
18
05
2012
17
15
04
58
57
58
73900
B
LQJLQT9KBN
166600
67700
98900
0
Gresham Computing Plc (GHT)
ISR viewAfter a long period of disappointing performance, a change at the top has revitalised Gresham and financial performance improved substantially over the last couple of years. The revised growth strategy has rightly prompted investors to look at Gresham afresh.
Share prices shown are the latest closing price. Data supplied by Morningstar © 2009 Morningstar. All Rights Reserved.
All change!
Gresham Computing Plc | Download | Published on 29/04/2010
Banking software and services vendor Gresham Computing reported full year results this morning below expectations, a change of CEO and an institutional placing. Although 2009 was clearly an annus horribilis for Gresham, ironically, the changes announced today mean that the company is in better shape now than it has been for some time, in our view. Non-core revenues have been sold off or wound down and the cost base is aligned with recurring revenues. Last but not least, the successful placing indicates that the new management team has the support of Gresham’s main shareholders which will be key as the company looks to get the business moving forward again. Valuation is a hard one to call at this point but around 1x revenue for a business with 75% recurring revenue looks fair.
Download full analysis