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Now that's food for thought....
At this rate, 4 corners very shrewd prediction of 6p this year just may be right
Final batch scaled in @ 19p.. considered it a buy at 20.7p it's now 19p with improved outlook, FCF increase, debt reduced,divi and buy backs under consideration(AGM 5.06.24) and near 25% pull back from highs
https://x.com/surprised_trade/status/1791392004984721665
OK , final batch scaled in at 19p, ...now behave 😀
4corners finally turns positive, and the shares plunge.. :)
Added more @ 19.65p
In and out, pullback, stop??? There are not words the mac is familiar with!! This is a share to go all in on end of!! Investeverythingski we will celebrate big at 33p
I’ve been in & out, should of just rode it, but like you, I’m on a pullback, stop 19.5p
Welcome Sir, lots of money to be made here. Will invite you onto my Pershing in Porto Cervo when my sanctions end.
Been waiting on this stock for a while, recent pull back from near 25p appears to be an opportunity and with broker target of 28p and potential divi's being considered, reduced debt, decent FCF and a solid outlook, I'm in.
https://twitter.com/surprised_trade/status/1790666125966970934
Morning Crew,
Another positive RNS on the debt level this morning, and a ten point reduction in the interest rate just continues to improve the situation.
I first bought in here years ago, paid 54.99 p for my first shares back in 2016, have been here ever since, adding along the way. I really like the way this company is being run at the moment and think we could get to the 40/50 p range over the next two years or so, simply on the value created by the debt reduction. But, first we have to get to Mac's 25p target, we got close on the 18th April, maybe todays the day, or tomorrow, I can wait.
GLA
Shareholder engagement always follows the fundamentals! Some are a bit late to the party like sir beaumant but they get there in the end! But the early bird catches the worm like the legends wigwammer and investeverything
Well....if it makes you any happy,I still think you are a ramper.I never once questioned the fundamentals or the upside,rather my issue was with shareholder engagement which has improved much.Awaiting the endgame as Chris calls it....
U have changed ur tune! U called me a ramper wen I told everyone to fill ur boots at 3p! Glad u r still in though! I always thought a pessimistic old gitlike u would have sold out at 8p
Welcome aboard Chris! We are all going to be very rich
@ AA2020 – Good to hear from you,and happy for your returns thus far.Patience Watson,more to come I think.Still here on the forum,but check out the commentary/posts on twitter (search using $GMS.L)
Thanks Chris for sharing your extremely comprehensive notes of your meeting with GMS management for us all to read on LinkedIn. I've only been invested here for 6 months but have been gradually increasing my position since then. I like the GMS investment case which IMO still has legs in it and the positives of the (hopefully successful) refinancing of the bullet payment next June and then, if all goes well, the prospect of a dividend in 2025/26. What's not to like as long as it doesn't run out of steam.
GLA
Didn't realise it would ban my link! The investment doc is uploaded on my LinkedIn, name of "Chris Beaumont-Dark" for those interested....
Hi all - first time posting on here (marginally more active on ADVFN boards). Met with Mansour and CFO Alex last week, and shared some of my thoughts / comments / investment case here, in case of interest. Some long ramblings but hopefully the odd bit of insight. Remain Overweight - for reasons described within....
[LINK REMOVED]
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 :)