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yep. posting on nightshift has its downsides.
not being able to read the word doing being one!
whatever it was nov15 onit never really recovered the SP.
and that is the sp 2015 and 2016/17......
from what I can work out the market cap should be is (best guess rule of thumb 7 to 10 times ebitda)
ebittad of 60 million US 2018
puts it in he range of 420 to 600 million.us market cap.
with 360million shares in issue.
that's a rough sp of 1.20 and 1.70 us that's dollars not cents!
all things being equal.
i'm not sure what camels run on tbh.
I think its leaded 5 star!
I have a sneaking suspicion I would get a fine from the met police for clear-up costs! or worse still congestion charge! I have a fear they might emit more greenhouse gasses than my Morris monor.
yes the seafox statement has done one thing. Its not allowed the SP to slip far from 18pps (I doubt it would anyway) but it has stabilised the SP during board transition....there has been no real movement.
tbh looking at companies that have this sort of sp dive (which I do regularly) its the only time I have seen this happen and it has damped out any real pump and dump. perhaps it was more shrewd behinds the scenes between gms and seafox and the likes of us shareholder didn't fully see it??
classic dive SP company is interserve.
its SP can half and double again in a week. gms has been stable. I will give it that. I do feel it has a stability that allows a foundation to work from and with on that score.
but it does make me wonder what deals could be negotiated with voting rights at the meeting.......or a price for sale somewhere above 18pps should someone not be brave enough or need the money or just want out of the situation.
Seafox were after 25% but not above 18p. Do you think theyll start buying again to increase their stake?
What a surprise we finished where we started right where Seafox wants it.
I have double checked it in case my memory was playing me up.
the price was 17p on the 10th before the offer of 18 on the 14th.
just my feeling at the time.
well yes but it is a pity the SP isn't above the 18 (ie at 22) as it shows seafox have effectively "set the price" of the SP with that offer!
which is halting the recovery. IMHO people are thinking 18 NOTHING ELSE as a baseline.
how the GMS board can get past that and how seafox can say there in it for the shareholders when the sp was at or above 18 I dont know!
its just how it appeared over the days when it dropped....to me at least.
I just hope the SP rises well above 18 before the meeting to add weight to the fact there is a damping factor with this 18pps offer.
I think its basically halted the recovery.
the oil price hasn't helped.
look at premier oil...they took a hit from sept onwards.....oil/rigs and the sector are not the flavour of the month....also a good reason to buy while others flee......
i didn't explain myself i would not call someone thick.....
My apologies, I’m a fick southerner p body, I think most of them have taken their profit and whatever they have left in, they will sit it out now, like me ....... but wiould be good to fast forward to the 18th unless of course it gets cancelled due to a Wabbit ......
nope that's not what I am saying.
what I was trying to say and perhaps my point wasn't clear.
if you bought in at 12 it went to 22 or 23 and its slipping back to 17 as it is now and seafox is offering 18 and halted the progress of any upward swing from 22 or 23 then you would be getting nervous from the 22 high (100% ish profit reducing to 50% say) slipping back to 17.
low volumes and the difficulty to sell (or buy) is also a tricky factor. lack of sells and buys tipping the price with every (relatively)small trade is going to put doubt as GFD rightly pointed out its a waiting game. not getting sweaty palms is bound to be an issue.
Yea nice try p body, there will be no hopping on at 10 to 12 that boat has sailed ...... it’s a bargain at this price , I’d say hop on now and hold on for the lift off . Insane value, just look at the fleet ......mark my words we will get a write up from the old Fleet Street boyz.
yes there is a lot of tree shaking going on as regards the SP and people hopping on at 10 or 12 and say getting off with 100% profit.
as for the ritz...see if we can arrange a block booking at half price?
On a serious note, I’m holding on to my shares and not being frightened to sell them off cheaply, no way Hozay, March the 18th is just around the corner. I’m eagerly awaiting for that Wabbit .....
erm yes camel can jump.
not at grand national levels.
errr yes.
well depends on occupation who owns shares regular place of work claiming for working away from normal place of work over 12 hours etc.....accountant regular priorities before you start in claims.
but going is not an option really.
so there isn't another option open?
just sizing up level of gms needing shareholder support.
webcasts are the norm.....audio only if the traffic on the site high.
information age etc......
GFD the GM is in Dubai, you must av Alziemers my son? Who are you again? My name is Ledek Miklosko, I come from near Moscow, and I play in goal for.....
typo of read or.
I think you right abut the muddying of waters.
there are people wanting to buy-in at a low price and hoping to get shares at sub 18p levels and there are also people who have bought at a much higher price (1 year or before) and must be thinking my investment is 1/10th if that what it was.
the panic for those people must be great and the temptation to sell and not hang on very high.
but I reiterate the seafox offer stalled the recovery in essence...from my perspective.
I was just wondering if there is a way to view of at least listen in in the meeting?
NP :)
is there a webcast of the agm?
is there an option to vote by proxy from that?
for people who cant make it to the meeting?
GFD - No I am not in the UAE, that was someone else I think.
Absolutely, agree, T/O is not the intention I believe. This is about boosting ROI for MAN and possible exit strategy for them via GMS turnaround, IMHO.
Good news for shareholders at least in the short term and depending at what price you bought in at.
I think you made the truest point of all.GFD
as a recovery of the SP was taking place and it was well in the 20's AND STARTING TO CLIMB GMS slapped an offer of 18pps dragging the recovery out and seriously hampering the return of value.
with the RNS of the 24th of jan it probably would have been back up nearer 32 than 22.
IF ANYTHING the offer from SEAFOX has caused mayhem in the short term of the SP recovery.
which makes me wonder how interested in GMS shareholders they really are.
GFD, to answer your last part and based on what I think MAN is trying to achieve, they are obviously certain they can pull the wabbit out of the hat.
Regain the market listing or just provide a vehicle for MAN capital to get a better ROI. Either way, looking at MAN capital and what they say they do with companies, the fact the Mr Halbouny is being proposed to directly represent Seafox on the board, it would suggest that the vested interest is actually that of MAN capital, not Seafox.