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This is about to blow. Lid can't be kept on for much longer even with the blatant de-ramping going on on this site
As someone pointed in another forum, it's pathetic when the company puts out an RNS for a software purchase....and even more so when first half financials are due big time....
and someone (with few hundred thousand stocks) decided today that he/she/it does not want to wait :)
Yes, looks like market is saying "show me the money" and your intention. SF and Mazroui own combined 56% now - so they will get any resolution to pass. They always had 50% of the votes anyways, so really hard to gauge their intentions
Agree with 4C on this. MCATEE - I think few doubt the fundamental merits of the business and the turnaround story which you rightly point out. That's why I'm invested here to begin with. Question is why the market has not yet recognised it, as this is all public knowledge. I suspect the fear is around ultimate SF/ManCap motivations. Are they truly aligned with minority holders. Probably not entirely. Will there be an attempted low-ball bid at some point?
Highly possible. Ultimately the market is clearly taking a wait and see, show me the money first approach. That may take a good year or two. Plus there is also the dangling dilution knife of a (still as of now officially required) $50m equity raise by end 2022. Let's hope upcoming H1 results slowly begin to change the market sentiment.
Let me explain slowly. The next 3 sets of half year results will show cash generation, positive EBITA and hopefully a return to profit. That my friend is what will turn under valued to fair valued. Another way would be a bid by the 29.99% shareholder! Now repeat that back to me!
Haha........gasoline on this stock! No one here denies the undervalued nature of the stock. AA has deep knowledge about the stock and capital markets. But we are lost for how/why the "undervalue status" would change to "fairly valued", with all the information that you said already being visible to the market. Perhaps ramping helps?
If you fools cannot see this is a seriously undervalued stock and the next 3 half year results (first of which is due in next 20 days) will set gasolene on this stock there is no helping you! Is there any life out there other than these dufus?
"Sales good! Future sales good! Utilization high!Rates higher! Costs lower! Interest reduced! Booming sector! Refinancing complete! Shareholders stuck on 29.99%! Asset value way above share price! £25M off debt! Strong ebitda generating cash! Fixed assets conservatively written down in 2020 accounts!"
AA2020 stop being negative and calling me a ramper and state what is not true in the above or are you a blind man?
You didn't say anything that the market or investors don't already know.....perhaps you can enlighten us as to why it is not yet exploded since all this info is out already
What isn't true in what I said??? Dont call me a ramper d1k-head!
sounds like we've got another ramper...
And half year results have to be announced in next 21 days!!!!!!!!!!!!!!!!!
Sales good! Future sales good! Rates higher! Costs lower! Interest reduced! Booming sector! Refinancing complete! Shareholders stuck on 29.99%! Asset value way above share price! Strong ebitda generating cash! Only a blind man can’t see this! We will be very rich my friend
Yes come on....share the info. been hearing about explosions since a month
Come on…..share the info….
You ever seen a volcano blow downwards??? Up of course
In which direction?
Shes about to blow big time!!!
CN - good to see 4p close with respect to new share issued at 3p. Yet very far away from the pre raise price of 7p. You are right, very few are run for minority shareholders, they should be run for all shareholders. In the case of GMS, sometimes you feel its run to rip off minority shareholders. As MCATEE said, another lowball bid is highly possible and acceptance is likely to be high from frustrated investors
4C - a £4.00 close would make me smile for sure - and your right of course, this business is not run for minority share holders - very few are.
not that it means anything, another Man Capital (SF shareholder) portfolio company on LSE just published today. There is a common director on the board too. So GMS is not late (yet) in disclosing earnings
Takes only 4 quid to make it to positive close!
Results should be good other than costs relating to share issue. Company has been refinanced, interest reduced, assets fully written down last year (conservatively), improved rates, improved utilization and the bs fixed costs of previous management significantly reduced. The second half of this year and next year will be the real lift off into orbit! We will be very rich my friend!!! The only risk with this delay is a potential sneaky low ball bid is being planned to forced out minority at a low price!
Sorry, we run the company for SF and Mazroui -mgmt :)
To be fair to them, last year earning release was early, and it was because the proxy fight was going on. So I guess it should be out sometime this month atleast. I doubt there is anything to cook, it's rather straightforward contracts
Anyone know when (or IF) the H1 numbers will be published? Do we assume that the delay is due to 'creative accounting' trying to make them look as good as possible?? This (IMHO) is the main reason the SP drifts south - this lack of certainty/clarity - no one likes bad news but no news is sometimes worse.