22/05/2023 16:46

Gentrack (GTK) $4.13

GTK +29.47%: The one that got away! GTK, the New Zealand-based billing business that powers utilities (water, Gas, Electricity) etc rallied hard on a very strong 1H23 result. Revenue at $84.3m (+48% YoY) was well ahead of forecasts ($73.3m), driven by the Utilities division. Margins were good and expected to be stable while FY24 targets have also been upgraded - GTK now expect revenue of $160m vs ($150m prior). FY24 EBITDA margins are still targeted between 12-17%.

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07/12/2021 09:48

Gentrack (GTK) $1.70

GTK provides customer information software to energy, gas and water utilities companies, essentially its billing software which is obviously critical for utility companies to get paid. This was a $6 company in 2018 before it raised money for an acquisition. Currently this is a slightly contrarian play with the market pricing the $170m business for ongoing headwinds...

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27/10/2021 09:27

Gentrack (GTK) $1.84

One on the hitlist for the Emerging Companies portfolio is Gentrack – we discussed this stock in last week’s video update, click here to view. Gentrack is a client information system for utility companies, based in NZ with clients in Australia and the UK as well. Revenue has been held back in recent years, COVID reducing spending from customers was...

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