GETECH Group plc (AIM:GTC) – Co expects to exceed market expectations – but what do we exp
Getech, the oil services business specialising in the provision of exploration data and geological exploration studies has seen its share price rise nearly 50% in 2012. Unusually for many AIM listed companies, the Group has been consistently profitable since flotation and offers a nice dividend
The company, which is as a spin-out from the University of Leeds, has acquired a vast database of global gravity and magnetic data since it started trading in 1986, with data from almost every country in the world! - Recent updates Recent announcements have been cautiously positive, with the market reacting accordingly. Earlier this month, the Group announced an agreement that increased its committed Global Programmes client base to six. The contract, reportedly worth in excess of £0.5m, is especially significant when overall revenue for the 2011 financial year was £5.33m. Getech have not given much away in the announcement,…