Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Interesting takeover RNS at Signature Aviation.
Apologies for the apparent duplication/repetition of my 2 posts which appeared yesterday.
The first one I had posted a couple of days previously but as it hadn't appeared I thought I may not have pressed the send button! SP has fallen about 20% since then. I find it difficult to see what's going on, if anything
What exactly is Code 800?
If there is an increase in trading, that might mean a reduction in the spread of over 10%, and sometimes considerably more
Good to see the earlier rise in the SP
Code 800? What is this? Where did find this?
Will the 14+% spread be reduced? Seems possible if there’s an increase in trade volumes
Code 800 issued i.e. prepare for an increase in trading volume. Good luck everyone.
Mcco, the drops tend to be on low volume as well. I think there is a liquidity issue now with hardly any shares available to buy. Rozzi has taken around 18% and as i mentioned, largest three holders have aroind 70% of shares.
Could easily double and triple from current levels.
Good upward movement over the last few days, but very little volume. No apparent reason unless it's just the unavailability of stock on the market?
Looks undervalued at this price. Hardly any shares avalable. Hutchison, CEO and Rozzi account for around 70% of shares.
Triple digits soon.
Up very nicely this week and again today.
I'd guess that with Rozzi Business Inc now up to over 18% they've cleared out any large sellers, making this share pretty responsive to any buying given it's always been pretty tightly held.
Simon To is showing a loss on his investment of about 66% or GBP12m
I know he's a very wealthy man, but you'd think he'd be doing something about this Company , of which he's Chairman
I'm down about 75% and I'm not happy
Maybe Rozzi might stir things up?
Rozzi Business Inc are now up to above 18%, with 11.5m shares:
https://www.investegate.co.uk/gama-aviation-plc--gmaa-/rns/holding-s--in-company/202010131443189608B/
They will presumably keep buying - either up to 29.99% as a significant shareholder with big influence, or to facilitate a takeover?
Good to see relatively large buys of GBP300k yesterday around 4pm
Dr K; you're quite correct. Thank you for putting me right. I had been surprised that such a high percentage appeared to have voted against the Board. It transpires there were only in fact 319 votes cast against!
Rizzi must have been the buyer of 940,000 shares in the market on the 1st October which show up as sales @ around 31p?
Mcco, I think you are looking at the wrong column. The 70% corresponds to the percentage of votes that were cast on the day. Votes for reelection of directors were close to 100%.
Interesting that the "unknown" buyer continues to accumulate.
No announcements at or after the AGM but interesting to note that c30% of votes were against the re-election of the Directors. That is quite a significant number when one considers how many shares are independently held. Is Simon To treating this Company as a privately owned company?
AGM this Tuesday
I wonder if there will be a statement at the closed AGM on Tuesday?
I think we're entitled to some explanation for the very poor performance and what future prospects are
Buys today at 43p. Haven't seen that for a while. Hardly on the basis of the glider contract?
Volume is too limited for rerate to occur.
DT advised to buy high and sell low lol
When the DT gave its sell advice the bid price was 32p where it had been since August 19th. The bid price is now 37p and hopefully will continue its upward trend. Contrarian readers?
Today's Daily Teleg recommends "sell".
T
Spread today now 25%. Bid 32p;ask 40p
to save searching around: https://www.gamaaviation.com/wp-content/uploads/2020/08/Gama_AR19.pdf
Qd22 - I can get 35 with HL for 1500 but no bid all day for anything above that..........but have as much as you want on the offer!
Bid is 35. Market size 1,500.
Quote to sell 1,500 (or 1,499) is 33.5. I thought they had to offer within the Bid Offer spread for the 'Market Size' or below??
Spread of nearly 20%
Very little movement in the SP over last 2 months
Is anything happening? Talk was that with current international commercial travel restrictions, private charter was thriving. Is it?
Was any action taken against the Company auditors over the double counting of invoices?
I had hoped that Simon To would have stirred things up