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likewise - I bought in for the longterm.. but c'est le vie I guess.. almost burnt.. live to fight another day !
Would have preferred to have stayed invested for the long term, but given all the circumstances it is the best outcome. Just hope the capital return is done swiftly in order to get re-invested - cant be doing with hanging on for months now.
Looking good for the deal to go through . . . happy i quadrupled my holding last week at 89.5, might just break even at the end of all of this. GLA
Major buying (852,000) by NEDs today suggests high confidence the deal will be voted through. Think your 10% is pretty safe Stevey -what to spend it on eh ?
IC & Thompson are a useful source of info helping make investing decisions, but not a decision maker. People seem to religiously buy into any article he writes, usually at a rising price in an illiquid market, then get disappointed when prices normalise. Rather cynically, it is possible to trade shares based on gambling on his next article release and the impact is has on SP - TSTL is a co. that springs to mind on this one. The joys of spreadbetting eh? Anyhoo- he published an article on 20th Oct which ends with: So although the investment has not worked out as I had planned, I would recommend voting for the disposal and continue to hold Greenko’s shares as I firmly expect the share price to rise to around 100p before the end of this year. Hold. I have already cast my votes....
Anyone know what Simon Thomson makes of the deal? I stopped my subscription to IC since it had cost me far more than the subscription . . .
nothing nifty swifty about it .. have averaged down from the initial bunch I purchases for 1.70 .. my average is now around 91p ... so it's been a tricky road to travel.. broken all the rules (catching a fallen knife) .. put more in than I felt comfortable with .. but hey .. if I do get 98..100 per.. then I'll pull a modest profit.. which is better than nowt !
I think you will be in for a nifty swifty 10% - nicely played. Only 50% approval is needed by shareholders, and all the analysis and commentary is strongly in favour - but never say never ! Plenty of people hacked off at being robbed of a great investment potential (me included having been in this for over 2 years) but clear thinking is needed - do we want dilution down to 40p and hang there for a year or 10, or £1 back and move on......an easy choice for me.
thanks for your explanation .. I too missed out at lower levels.. but decided to lump in the free cash I had for a short term 10% gain .. hopefully the fact this director has done the same.. bodes well for my chance of a payout !
It's only insider trading if acting with "inside" knowledge. The RNS is clear in terms of the deal so I guess he just took the slight gamble to buy before the price moved up in line increasing expectation of a done deal. We could all have done the same..... Am still kicking myself for not being bold enough to double up my position when SP fell to 42p - had I done so I would have been in happyland rather than booking (yet) another CGT loss for the year.
how does that work .. surely insider trading ??? as a director.. should know exactly what will be happening in the near future.. thus he stands to make 10% on that investment at least.. if the vote goes through ?
well, I will be voting for too .. having topped up another couple of K on the hope that the vote goes through and we do actually get 98p or better still the full 100p per share.. been a hell of a ride (n from 170.. and subsequent buying on the way, way down...) should even manage to make a small profit at the end of it... which is what it's all about at the end of the day...
Deal proposal on the table and 98p plus possibly a bit more coming back. Better than it could have been, but a real pity that capital structuring issues mean this ends up like this. Helluva deal for GIC, kick in the nuts for PIs - but better this return than a mahoosive dilution. I will be voting for.
or the price will tank back to 40p or worse. With £210m of convertible debt now in play the dilution impact would be massive at current SP. Fingers crossed for 85p per share returned or better to at least recover some capital. Great shame as I really believe in this one, but have been well & truly caught out by events and now can only look back at 2014 and wish......
Yes aware of that but most companies would also show a non-statutory comparative. Seems almost to be the trend nowadays to ignore the statutory requirements ...
International Financial Reporting Standards dictate that previous period's results are shown for comparison, and only 9 months because the y.e date was then adjusted . . .
Seems building momentum nicely. Operating cash flow only a little less than cash interest costs. As they point out the first half will be very unflattering to performance as revenue limited but interest on a time basis (plus they are paying interest on a lot of assets just about to come into production but not yet revenue generating). Why show a comparison to the nine months ended 31 December 2014 is beyond me - this is the good period - so makes their current results look less good than they are. A bit unclear on what is happening on GIC but I for one would be happy to see that deal fall through. I won't be voting for it.
Sounds pretty good to me, "on track to beat targets". Now let's see a steady build in the share price from here finally!
GKO is a case of minority shareholders' vulnerability to weak governance of foreign companies esp in Asia listed on AIMs. Shame on management both the foreign and local component.
Nothing has happened. I guess the comment was motivated by a slipping of the share price over recent days from around 77p to 72p. But no new news. So don't panic - yet!
Why what happend?
Well the chairman is useless (useless at National Power and useless here!) and the CEO is an arrogant p...c so who knows what is being concocted here!!
Does anyone else get the feeling that GKO has been out-foxed and screwed by GIC, or is it just me?