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Started: lunatic, 5 Jan 2016 17:41
Last post: lunatic, 5 Jan 2016 17:41
You end up with the same value ,no more no less.
Started: Millsy1, 5 Jan 2016 14:28
Last post: Millsy1, 5 Jan 2016 14:28
Not sure what this 3p value represents really. But you would have to have bought before today and hold them until at least end of play tomorrow to qualify for the return of capital @98p
If the company is being wound up, why is there any value in the shares as it stands? Surely everyone would be selling their residual shares, or do we need to keep holding in order to receive the special dividend?
and good riddance to Greenko - the green turned to brown for me I have to say
Last post: MattyBlack, 5 Jan 2016 13:29
No problem. They do hide the info right at the bottom sometimes. In smaller type.
Ah yes cheers mattyblack, much appreciated. I missed that, so would have needed to buy them yesterday to qualify.
....and therefore wouldn't attract the 98p dividend.
"Shares marked 'ex' by the London Stock Exchange 8.00 a.m. on 5 January 2016". This is right at the bottom of the release from the 25th November. Any shares you buy now are ex dividend, all you would be buying is shares in a company that is being wound up.
I don't understand it either. I would've expected this after 1pm on 6th but not today? If it looks too good to be true, it probably is!
Gsk
Started: steveymoz, 4 Jan 2016 09:24
Last post: steveymoz, 4 Jan 2016 09:24
for a modest profit.. held for just over 2 years... and selling now just seemed the less complicated thing to do.. Good luck everyone out there who are holding on til the 8th .. no doubt you'll get your 98p per share plus a surprise handout a little later.. but I need the money now to start the New Year with a new "Punt" .. hopefully more successful than this one !! anyone got any good tips !!!
Last post: Imonly60, 19 Dec 2015 11:11
Sorry for being naive..but am I right that shareholders will get 98p per share and still have a share worth 98p, or just 98p cash and the shares disappear?
Started: LJ99, 1 Dec 2015 12:16
Last post: LJ99, 18 Dec 2015 14:26
Yes, I understand the 98p return of capital bit, but the Record Date is 6 Jan and delisting (of the company) is 18 Jan. So what happens between 6th and 18th? The RNS suggests trading will continue? I think there will be many people disappointed with this outcome after showing such promise so you're not alone.
I feel for you Paul, I - like you bought in early 2014 and on the same promise of a great future for the company.. fortunately for me though I was "stupid enough" to keep buying on the way down.. all the way to 70p.. and so 98p to me reflects a modest profit.. on what was a close call.. the same cannot be said about another disaster share I had "GLOBO" .. so yes AIM is not the safest "playground" .. Happy Xmas to one and all.
What will happen is simple - you will get 98p for every share you hold and that's it. The shares are being delisted which means they no longer exist. If that means a net gain to you then you must choose whichever method attracts the lower tax rate, dividend tax or capital gains tax. If that means a net loss then you choose return of capital, otherwise you will end up being taxed on your losses! In my case 98p represents a 40% loss as I bought in 2014 on the advice of know-nothing brokers. At least I will never again have to look at the awful name of Greenko at the top of the losses table in my portfolio and it will help me to stick with me New Year resolution to never ever again buy an AIM stock for the remainder of my natural.
I've read the document from the greenko website posted on 25 November detailing the arrangements for the initial cash return. This is the first time I've been in this situation so am a little unsure about what happens to my ordinary shares. The return will be made by the issue of B shares (either as dividend or capital return) on 7th January. What are other people planning to do with their ordinary shares? Do we still hold them? I assumed yes as they are not being bought by the company. The company delists from AIM on 18th January so what happens to the ordinary shares after this date? The note suggest they will still exist but no price will be publicly quoted, making buying / selling quite difficult. Given the Record Date to participate in the cash return is 6 Jan, would you expect a mass sell of ordinary shares on 7th?
Started: SchiffJnr, 23 Nov 2015 18:35
Last post: SchiffJnr, 23 Nov 2015 18:35
Since the return to shareholders is greater than the market cap, does it means Greenko will cease to exist? Have they totally sold out to GIC?
return of 93p to shareholders......any ideas how this affects the share price? or the opening price on Monday?
Last post: JohnGould, 20 Nov 2015 16:49
Very pleasing RNS. . .
Started: jarus, 14 Nov 2015 15:41
Last post: jarus, 14 Nov 2015 15:41
Started: jarus, 14 Nov 2015 15:31
Last post: jarus, 14 Nov 2015 15:31
Started: jarus, 14 Nov 2015 15:30
Last post: jarus, 14 Nov 2015 15:30
Last post: steveymoz, 9 Nov 2015 14:49
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.
What we all wanted I think.
Started: JohnGould, 28 Oct 2015 12:02
Last post: JohnGould, 28 Oct 2015 12:02
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
Started: LumpedOn, 23 Oct 2015 18:30
Last post: LumpedOn, 23 Oct 2015 18:30
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 ?
Started: JohnGould, 22 Oct 2015 12:47
Last post: LumpedOn, 22 Oct 2015 14:58
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 . . .
Started: steveymoz, 21 Oct 2015 11:13
Last post: steveymoz, 22 Oct 2015 09:46
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 ?
Started: LumpedOn, 19 Oct 2015 14:57
Last post: steveymoz, 20 Oct 2015 09:16
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.
Started: LumpedOn, 30 Sep 2015 17:45
Last post: LumpedOn, 30 Sep 2015 17:45
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......
Last post: Hounddog10, 30 Sep 2015 09:06
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.
Started: parkside13, 18 Sep 2015 09:02
Last post: parkside13, 18 Sep 2015 12:07
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?