The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
This resolution was voted against in June (by either seafox or mazroui) and this is the second time they are putting it to vote......think they mention that not getting this resolution passed results in 'default event'
Why would they vote to default? Next week's resolution is more just a formality - gives only the authority to issue new shares. Whether or not they will issue new shares they are quite clear no decision has been made and is more likely to be warrants. (that is....if they are to be believed)
Will find out next wednesday if it is capital raise or a default event after the vote
Equity raises all part of buying shares in a high risk play like GMS which, according to its last terrible RNS, is still in the deep **** it chose to splash all over note 2 in that RNS. Share price could drop by 50%+ on a raise. Only way they can get buyers to come on board is with a massive discount. Traders then take price back up to pre-raise price about 6 months later, assuming a fair wind, then take profits, so price then just ranges. I'm a buy and holder 5 years plus. Have got 3 more to go. Fingers crossed that by 2025 we may have had some real turnaround performance. In the meantime, fill your boots on the raise announcement and drop!
Either way is amazing! If they go down the warrants route I will buy another 13% shares to maintain my holding!
Either way the debt comes down. We are going to be very rich my friends! All money generated should be used to bring down debt for 2 years but in theory is company could easily pay a 2.5p dividend per annum after this!
Seems pretty unlikely to be a capital raise. Sounds like they'll issue warrants instead, increasing outstanding shares by c. 13%.
INVESTEVERYTHING clearly knows his onions!
Amtech thats amazing news. We will all get the opportunity to buy rights to maintain our percentage shareholding and the company debt will drop below $260m by Dec 31. Lower interest, lower debt and a much healthier company to earn from going forward!!
What are you so scared off. The prison gates have been opened and you are too frightened to walk out!
Why so serious mr 4edges?
The $50 raise should be soon
When all else (earnings, juicy contracts) fails to ignite that booster, invoke the "potential buyout"....SoDesperate investor/seller
Everyone knows everything about this that no one is interested....stick to the gilts mah man
Just adding what i can afford..haha ??
Itβs the Mac idiot in disguise
Join the big boy leagues son. small bets dont cut the mustard here
Ooo im the only buyer today
Hello all INVESTEVERYTHING here, i am not a bot like most of you but i am a top investor in the SoCal area. Me and my firm have been in and round Gulfmarine for many years, word on the oil pipeline is a potential buyout is on the Arabian horizon just off the palm Jumeirah. disclaimer - this is not financial advice. Also may or may not be a lie.
Lot of positive news, and the rocket booster ignition doesn't work.Dead stock gentlemen-there is no buyer even at 6p!Them guilts probably better
2nd equity raise still there, even though recent glossy article on Gms didnt mention and will have reeled in buyers no doubt. Plus it's not confidence instilling to see all that risk register stuff in Note 3; all companies have risk registers, but must confess I wasn't aware you had to plaster them all over your RNSs; thought they're for internal consumption only; let's face it, all kinds of **** can happen to any company at any time and it's up to the BOD to mitigate them. I'll continue to hold because of the continued improvement in debt, profitability and utilisation. Plus the biggy for me is the off shore renewables potential which must surely be significant going forward, although wasn't explicitly mentioned. Back in the biscuit tin for the foreseeable.
Did the rocket booster just explode before take off?Serious sell off by GMS standards, notwithstanding that this company earns in dollars
It's possible for them to do without the raise, in my humble view.Sizeable raise if they do it and one would think that the 2 large holders want to avoid it if they don't want to get diluted.
Thanks for posting the article. Have to say that's the most positive thing I've read about GMS in years, and not before time!! It didn't say anything about the 2nd equity raise though? Has the need for the raise now fallen away due to the improving debt position?
I know it's that time of the year when u talk about pyrotechnics....
There's nothing you don't know apparently!
Tell us something we don't know....