Gresham maintains its “worst-case scenario” guidance of FY20 adj. EBITDA in line with FY19 based on achieving just 84% “highly visible” revenues vs. pre-CV19 planned revenues. On this basis we expect it to remain cash generative in FY20, with estimated current net cash of over £7m providing a buffer that is unlikely to be needed. Most interesting today, GHT notes it is “encouraged by ongoing [new] business activity”. Companies riding the digital transformation wave (and GHT is definitely that) a ....
14 May 2020
AGM: Encouraging ongoing business activity
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AGM: Encouraging ongoing business activity
Gresham Technologies plc (GHT:LON) | 129 0 0.0% | Mkt Cap: 108.2m
- Published:
14 May 2020 -
Author:
Kevin Ashton -
Pages:
3
Gresham maintains its “worst-case scenario” guidance of FY20 adj. EBITDA in line with FY19 based on achieving just 84% “highly visible” revenues vs. pre-CV19 planned revenues. On this basis we expect it to remain cash generative in FY20, with estimated current net cash of over £7m providing a buffer that is unlikely to be needed. Most interesting today, GHT notes it is “encouraged by ongoing [new] business activity”. Companies riding the digital transformation wave (and GHT is definitely that) a ....