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I bet the silly sods cashed in at 8p!!!!!!! U can lead a horse to water but u can’t make it drink !!!
Well done, captain. I’d be interested to know what other investments amtech and 4corners are vociferously steering punters away from currently - possibly the two best contrarian signalers in the market! Earn a fortune by always doing the opposite of what they suggest .. :)
Anyone know the latest shareholding structure for Seafox? I'm not sure if ManCap are still invested....
I'm not one to post often on these LSE boards, but time is right for one now.
It's been a beautiful rise. Really, just beautiful. I've been in GMS since 2016, first buying at 49.5p. Have averaged down numerous times since, and now sitting on over a 3x money multiple. I was VERY uncertain and suspicious during the depth's of GMS troubles several years back. But I held my nerve and stayed focus on the fundamentals and took comfort that no matter how I cut it at the time, I couldn't see how Seafox (ManCap)/Mazrui/Horizon would have been able to legally get away with snapping up the assets or company on the cheap and screw over the other investors. Alas, I think GMS' investors have proved themselves bona fide here. This has been a strong conviction holding for me for some time. I didn't think we'd get to 24-25p so soon. In another 2-3 years, with net debt down to negligible levels, EBITDA north of $120m, dividends being paid and at an 8x EV/EBITDA the equity should be able to get up to 60-80p. I also wouldn't be surprised if GMS eventually gets combined with Seafox (...on attractive terms for all parties).
@4C - come back! I think he may have long since moved on....
All the best everyone, and long may GMS shine!
You both enjoying the rise???
Remember when I told you to fill your boots at 3p and you accused me of being a ramper :)
Now repeat after me "always follow the MAC"
We have lift off! Solid rocket booster activated!!
Clear skies ahead!! I hope you enjoy the flight!
Set you watches for 35p!!!!!
We are rich :)
Lots of big Auto trades today, looking good. momentum is still high.
23 has been breached and she is ready to breakout again..... пойдем!!!!!!!!
Another good day at the office
Do u still think gms can get to 6p this year?
She doesnt like 23 does she
Similar here, first tranche 2014, 2nd 2020
Think about 26p see me breaking even.
First invested here in 2015. Only down 70% on first entry. Glad I averaged down.
That's a great RNS, if only other investments were so good!
Yes - pretty much everything you'd want to see in a RNS - hopefully yesterday's wobble will reverse and up we go
Great numbers from the RNS, onwards and upwards folks.
Invest more than everything on gms! Everything is not enuf
WOOF WOOF THE BIG DAWG IS BACK
INVESTEVERYTHING for the next big GMS push!!!!!!!!
I told u at 3p! Mac at Cheltenham loving life 👍👍
Big tickets in the auction, hopefully we start to see some institutional buying now. With the limited free float (factoring in Saefox’s holding) shouldn’t take too much for us to finally get to somewhere near fair value. At the current deleveraging rate and increases date rates, the prospect of divi looks very realistic and would bring more interest into the recovery story. I was sceptical about the new management when they were brought in by SF, but they have done a v good job over the last two years.
59% since my buy on 18th December 2023. Better than NVIDIA !!!
Happy days !
Another great contract RNS, and again at a higher rate. ?The two phases of this contract shall elevate our backlog to USD 463 million, representing 3.1 times our 2023 revenue and instilling greater confidence in our attainment of our targets.?
Of the boat companies are making substantial gains again. Seacor Marine Holdings SMHI:NQY jumped 20% on yesterdays results; I sold a few.
Keeps getting sold into. Very disappoining that the momentum cannot be maintained.