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Does LSE remove the boards whent he company has been cancelled or suspended and never returned?
Anyone still look in here?
Just to pi55 them off I'm going to take the B share option - why not huh?
The sp was good about a year ago I recall - 190p mark - and then along came the Angola debacle and of course down it went. Angola was sold as a once off, don't blame us situation and we will be back on track. They held back on the "sell back to private hands bit". No something is not quite right here!
I would definitely agree the Share Offer does not reflect the value . The Share price was up to £1.14 in August , so in my view this is a bargain basement acquisition. The share price at the placing in 2017 was £1.50 and Management have utterly failed in their responsibilities to shareholders by agreeing to such a low offer . There was plenty of opportunity to turn the business around as is evidenced by this opportunistic purchase by a Venture Capital Group. Unfortunately from what I have read the offer already has 90% Shareholder acceptance of which the management consists of 33%!!. The management are obviously being offered some big opportunities in the new group. Overall a loss for the retail investor again. I get out just about even but there was plenty more to gain imho.
I personally will vote against this. As Soundingoff states the price has been held down - the company is worth far more than this
I personally will vote against this. As Soundingoff states the price has been held down - the company is worth far more than this
I sold at 140p when the drop didn't feel right and then we got the update. I've held off buying and unfortunately left it too late.
It felt like it's been held down recently and it all makes sense now; A great business that was too much of a target at this price.
Can live with that offer.
Now we know - back down to 84 p. This Angola debacle caused a lot of damage..........
Yes the Angola business was not good - severely dragged the share price down and a year on it still has not recovered. I agree on the profitability, dividend, et al but somewhere along the line the market does not value the company. Up 4% today to 88.55 p so maybe a slow move up - who knows?
Thanks. Quite happy for this to be a quite board as useful info does not get lost in all the trash talk that happens on other boards.
Welcome to the board 42trader.
Yes you are quite correct that this is under the radar.
Certainly a good share to get in on as it’s profit making with a healthy bank balance. No debt and the company is growing and paying a divi.
Dropped on profits warning from Angola business which it has written off.
With the rest of the business growing, (Angola did not provide a big profit) I can see this heading back to £1.80 or close to.
This share is very much under the radar when it comes to PI's.
Big bank balance and profit making the company has recently reported the results due are within target.
This is excellent news as the company is growing.
The sp drop was due to write off of the Angola business, but with the disposal of this part the company is in a strong postion to return to previous levels of profit.
Small amount of shares available means the share price can move very swiftly in both directions.
Canccord have dropped their broker rating from 200p to 155p which still is near enough a 50% rise from current levels.
All in all, the company is still very much undervalued. Expect a steady rise from here on as the company proves that the drop in profits last results was a one off write off.
This share looks like it may have bottomed out. The share price has dropped due to a �12 million write off dropping the profits in the last year to just �2 million. This was a one off write off and loss of future profits for the Angola business is expect to be just �1m. The rest of the business is booming with total revenues increasing by over 30% to $156m and look set to continue to grow. GBGI has no debt and has a strong bank balance of $93m with asset values of $48.5m making the current market cap under valued by approx. 25p not taking into account this is a profit making company. Recently there has been director related buys to the tune of �1m. Without that Angola loss the company would of made profits of $14.2m and next years profits is likely to be improved upon. The company is still giving a dividend at the end of May. All in all, the prospect for the company are looking good and given a full year to release the next full results i should expect the share price to be back to 180p and growing.
lowered for the big trades going through maybe. SellBidAskValue 26-Jul-1716:00:58168.0066,500Buy* 159.00 169.00 111.72k O 26-Jul-1715:56:19168.0050,000Buy* 159.00 169.00 84.00k O
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/GBGI/13304211.html A.M. Best has raised the outlook to stable from negative and affirmed the financial strength rating of "B++" (Good) and the long term issuer credit rating of "bbb" of GBG Insurance Limited.
Sold 10% here given the rise. I didn't expect such an early return. In terms of tips, it depends what you're into. My portfolio is eclectic to say the least. PETS has been shorted to death, it's had good results and I expect a rise back up now.
still buyers arriving as a reaction to the Midas share tip in the Mail on Sunday.I hope some buyers will not be spiked as the small free float will make this SP move very quickly in either direction !!! .. but a very good long term investment.Any other tips Soundingoff ?/
More tipping Toastie, or are we seeing the more cautious arriving now?
Cheers Toastie. Yes I really like this one.
Will probably spike a few buyers & then settle down again...but a good long term investment.
Been here a while for the reasons posted by Toastie. Has this been tipped in a paper?
Small free float.Management have large shareholding.Strong profit growth & a generous dividend policy !!!