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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...

Getech Group

Getech Group is a company that flew onto our radar via a recommendation in our favourite small-cap tip-sheet, Small Company Share Watch (SCSW). We took up 2,480 shares in Getech Group on 2nd October at a price of 44.99 pence a share. As I type they're trading around the 50 pence mark - showing a lovely little 10% paper profit in less than two weeks. So what do Getech do? Here's a little paraphrased company rundown from the Getech website: Getech Group plc is a leading consultancy providing geological and geophysical services to the oil, gas and mining industry. The client base comprises...

Bought: Getech Group, Sepura, Incadea, Avocet Mining, Supergroup, Dragon Oil and Gemfields

So enough of all of this stock screening malarkey, it's time to move on to some real market action. I've given the Investor Trader portfolio a damn good shake over the past few weeks and I've got lots of buys and spreads to report. I'll jump into the specifics of each company in the coming days but as a bit of a taster we've taken up shares in a bunch of companies, namely: Getech Group, Sepura and Incadea. We've also taken out a bunch of spread-bets, going long on: Avocet Mining, Supergroup, Dragon Oil and Gemfields. So drop by in the coming days...