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Getech: Bad News, Good News

It's a funny old game, investment. Stripped back to the basics, sound investment really is a matter of choosing a company which produces more good news than bad. Most of the the time that is, there are exceptions. Open a release where the company is "pleased to announce", well, anything really, from a contract win to above expected results and chances are you're in for a good day. If that release throws up the dreaded "below market expectations" or "difficult market conditions" within the first paragraph or two, you're almost inevitably in for a day in which the price will finish down. That...

Getech – Buying Opportunity?

Getech - the geoscience services business specialising in the provision of data, studies and services to the oil, gas and mining exploration sectors - delivered a trading update today for the six month period ended 31 January 2014. Here's the full RNS. Whilst trying to remain upbeat for their full-year prospects, there was no escaping the elephant in the text: The Company has seen strong demand for its consultancy work in the first half of the current financial year. However, irregular purchasing patterns across the customer base, driven by cyclical budgetary constraints, have resulted in reduced levels of overall revenue in comparison to...

Getech: Shaking Up the World of Geological Data

Everyone loves a trading update when the words, "exceed current market expectations" appear at, or close to the top of the page. That's just what Getech - the oil services business specialising in the provision of exploration data and geological exploration studies - delivered today. In that trading update, Getech's Chief Executive, Raymond Wolfson, had this to say: "The combination of strong data sales and commitments to Globe has continued to underpin the performance of the Company. Our comprehensive Earth Systems Models, which build on the core of the Globe product, are attracting increasing interest and we are very pleased that demand...