Gamma Communications (GAMA)

Sector:

Telecom Operators

Index:

FTSE AIM 50

1,610.00p
   
  • Change Today:
      5.00p
  • 52 Week High: 1,755.00
  • 52 Week Low: 970.00
  • Currency: UK Pounds
  • Shares Issued: 95.38m
  • Volume: 28,928
  • Market Cap: £1,535.59m

Gamma Communications performs well in 'challenging' H1

By Iain Gilbert

Date: Monday 20 Jul 2020

LONDON (ShareCast) - (Sharecast News) - Communications provider Gamma Communications said on Monday that it had continued to perform well through the first six months of the year despite "challenging" conditions stemming from the Covid-19 pandemic.
Gamma said acquisitions in Spain and Germany had provided the group with scale in Continental Europe and also accelerated the development of its technology, while also noting that it had been successful in progressing its product development and digital transformation programme.

In both the UK and Europe, Gamma said its financial model had continued to be "robust" - given that 93% of revenue was recurring and billed monthly. Cancellations of existing contracts continue to be at normal levels.

The AIM-listed firm also highlighted a "very robust" balance sheet, with strong cash generation from trading activities in line with previous levels. Closing net cash at the half-year was approximately £37.7m - down from the £53.9m on hand at the end of the previous year due to the acquisitions of Voz and Exactive

Gamma also noted that it had not utilised Downing Street's furlough scheme and expects to propose an interim dividend in line with its stated progressive policy.

Chief executive Andrew Taylor said: "I am encouraged by our performance in the first half of 2020 given the difficult economic conditions.

"I am very pleased with our continued focus on delivering against our near-term commitments as well as the execution of our longer-term UCaaS strategy, as exemplified by our geographical expansion into both Spain and Germany, and the strengthening of our UCaaS capabilities through the acquisitions of Exactive and Telsis in the UK."

As of 0920 BST, Gamma shares were up 5.10% at 1,545p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

GAMA Market Data

Currency UK Pounds
Share Price 1,610.00p
Change Today 5.00p
% Change 0.31 %
52 Week High 1,755.00
52 Week Low 970.00
Volume 28,928
Shares Issued 95.38m
Market Cap £1,535.59m

GAMA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.1% below the market average98.1% below the market average98.1% below the market average98.1% below the market average98.1% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
80.84% above the market average80.84% above the market average80.84% above the market average80.84% above the market average80.84% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
98.96% below the market average98.96% below the market average98.96% below the market average98.96% below the market average98.96% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
89.18% above the market average89.18% above the market average89.18% above the market average89.18% above the market average89.18% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 3
Buy 2
Neutral 1
Sell 0
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

GAMA Dividends

  Latest Previous
  Interim Final
Ex-Div 24-Sep-20 28-May-20
Paid 22-Oct-20 18-Jun-20
Amount 3.90p 7.00p

Trades for 27-Nov-2020

Time Volume / Share Price
16:35 5,332 @ 1,610.00p
16:29 13 @ 1,620.00p
16:29 102 @ 1,615.00p
16:29 5 @ 1,620.00p
16:29 38 @ 1,620.00p

GAMA Key Personnel

CFO Andrew Belshaw
CEO Andrew Taylor

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