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Full year results could only be a few days away reference to last year, with the opportunities with the new pipe line giving new markets and the drilling of new wells to meet demand their results could make interesting reading, if not for the year just gone but the year we are into now.
I am not invested here the 30% spread off-putting, I will watch with interest.
This share is restricted to the patient investors!
Holding reasonable holding
GL
I was going to explain the reason for wanting to buy these shares at this level, then realised it was a bad idea.
Don't buy them....they're rubbish, sell as many as possible, at whatever price the broker offers....and do it fast! LOL
You are correct....liquidity is a huge issue here. definitely not a trading stock. I believe that part of the reason for the significant discount is the lack of free float and very low traded volumes. However, for patient investors this represents an opportunity. Having been building a large position in GEEC over the last few years I'm always delighted to see new investors here. Few guarantees with an Indian-based small cap but if the stars align then the upside is huge - several hundred million market cap not several million as is now
I think today's rise was mainly because I bought 60,000 shares this morning. I tried to buy more but price increased from 13.98 to 14.98 when I tried to buy another lump so I gave up. Subsequent rises were after some very small trades of a few thousand shares.
I'd love to own more at these prices but liquidity is obviously an issue.
Fingers crossed Hasiba. We should get a results announcement in July with more details on a number of fronts. Shale test drilling commencing, new customers from national pipeline link at Durgapur, london listing as well as update on pipeline progress to huge Kolkata market.
I also really want to know who bought M&G's stake in the company. IR wont respond to me and there has been no RNS.
Better days ahead..it seems after consistent rise lately with today’s in particular..
someone has recently bought over 17m shares but there has been no rns to notify on subsequent % holding in GEEC.