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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...