The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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You’d like to think that with this news, along with a number of earlier positive RNS’s regarding contract awards, that the share price will better reflect the true value of the company. Not expecting a huge surge but surly a steady rise into double digits......
Finally some positive steps. Not a market to be looking to raise shareholder capital at decent level though.......what do people think? At the levels are are currently at this can only be positive in the long run surely? Cutching at straws but if GMS was going under the banks would have pulled the plug by now??? Will be interesting to see the capital raise details and what if any underwriting it contains.....
Will be interesting to see if we get the standard copy and paste today or something with some more context given the last month globally and oil markets.
Still ticking up.
Mazrrui=11.32% holding in GMS
Check the news for holdings.gl
On the up
Well if there paying out in compensation it wont be profit saving.
I received a safety flash about it. Apparently someone was killed. It's still fresh in my mind when Seafox said they could manage GMS cheaper than dirt. I don't want to be insensitive here but I guess this is what happens when you go cheap by cutting corners.
Absolutely. This could trigger Seafox again. Surprised GMS are not buying at this price to stop that.
I hope it's not Seafox; they just had a serious crane incident on one of their ME based barges; a significant 'dent' in the Company's safety record.
I believe they do, by law, have to make it public. It usually comes in the form of an RNS announcing a change in holdings. According to LSE they were sells, but sometimes that can be wrong so I don't know. I guess we might find out soon enough.
so if it was seafox adding to their position, does anyone know when they would have to make it public, by law?
over 7% of the company's shares were traded in those 2 trades so it's pretty significant.
Probably not, unless it was a significant shareholder, in which case there will be a RNS stating the change in position. It's a disappointing turn of events; oil has taken a beating, and sadly this company goes down with it, just as I was starting to feel they were turning things around.
anyone know if it's possible/how to find out who was involved in the two large 400k+ trades today, from either the buying or selling side?
sank? Not much visibility even after today's update. Will be sub 5p to buy soon as it sinks at a rate of knots. I wouldn't give it a wave goodbye yet if I were a holder but would have concerns my investment is underwater with any rise in the SP looking remote.
Constructive and active dialogue -
GMS: 'Please can we have another month extension?'
Bank: 'Er... OK, go on then.'
GMS: 'Cool. See you next month!'
Disclaimer - this is not insider information.
Boooooooooooo another month of drip drip drip
......or maybe not then, unless it’s late, or an actual statement about banking (please)
Another banking extension by the looks of it!
Does anyone know why the sp is getting hammered with no news? The spread is a mess (18.41% at time of posting). Is it the price of oil or is there something else going on?
The need in excess of 140 million turnover. Probably more with inflation added. Fact is they were expecting disaster in late 18.
They have kept going and trimmed back. There are no answers other than the lean period has to pass and weather the storm whilst its there. The working capital is the key. Large ship movements cost them a large working capital float.
Whats a concern is SEAFOX proposed savings were much larger? Which begs the question were they really out to asset strip, refinance or were the numbers serious?
The debt is the problem TTF, they don’t have enough fcf to pay it down then it needs restructuring, just like they are trying to do now. But if all the fleet was under contract would they still have enough fcf to pay it down and not breach any covenants? If the answer to that is still no even with the cost savings then what? All the company will do is work to service the interest on the debt, as an investor you’d want to see growth so without borrowing more to invest the only way imv is some kind of d4e to release some of that fcf.
I have no idea. The company has made some excellent u-turns in their fortunes, announcing many new contracts, banking progress and improved EBIDTA guidance, and yet nobody is biting. This time last year the SP moved up to 18p+ when it had much less promise going forward. I don't know what people want to hear from this company before they start investing...
Really surprised at the amount and number of shares being sold; particularly given the fairly recent bullish statement coming out of the company? Anyone care to comment?