GHT has today announced a strong H2 trading update, driven by multiple new Clareti deals – the largest (also announced today) is with a leading global alternative investment manager and worth $1m/three years. As a result, we upgrade EBITDA from £3.4m to £3.7m this year and from £4.0m to £4.1m in FY20E. For Clareti alone, this now means we forecast sales of £15.4m in FY19E – up 30% y/y and of which, c.2/3rd should now be recurring (c.f. 56%) - reflecting the continuing transition towards recurrin ....
23 Dec 2019
Strong H2 TU – upgrading FY19&20
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Strong H2 TU – upgrading FY19&20
Gresham Technologies plc (GHT:LON) | 163 0 0.0% | Mkt Cap: 136.7m
- Published:
23 Dec 2019 -
Author:
Harold Evans -
Pages:
3
GHT has today announced a strong H2 trading update, driven by multiple new Clareti deals – the largest (also announced today) is with a leading global alternative investment manager and worth $1m/three years. As a result, we upgrade EBITDA from £3.4m to £3.7m this year and from £4.0m to £4.1m in FY20E. For Clareti alone, this now means we forecast sales of £15.4m in FY19E – up 30% y/y and of which, c.2/3rd should now be recurring (c.f. 56%) - reflecting the continuing transition towards recurrin ....