Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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What is the purpose of the buys and sell for 97pence etc.
Can someone who has made such a trade please explain.
That's not what it means at all
So is mine in the last 10min - just means that someone 'sold' it to my bid rather than me 'buying' from the offer. You do realize that if you buy, someone is selling :)
4C - not all the trades showed correctly on here yesterday, my top-up was listed as a sale ......
GLA
That was a sizeable stampede....likely to continue till there is a proper announcement from the BoD regarding how to turn around this business. Even then, the illiquid nature of this baby means it may not move in the short term.
Looks like most of us are buying, but would be even better if there was a way to coordinate a fight with SF if the need arises.
Im pretty confident they will, they seem incredible stubborn and arrogant. I think it will be personal to get the 10p offer through and accepted, when they are allwoed to make that offer again at least
Also added today. Underlaiding value here if they can sort out the debt repayments. TBH I could even see SF putting in another cheeky 10p bid if this drags on.
Hopefully the new bod dislike the old bod enough that they will work wonders for the SP just so they can say "see, were so much better than you"
4C - agree - lets club together and buy the rest of the company - lol.
Actually I've just doubled my stake, I've been with GMS for a looooong time and I'm still here. I think (and firmly hope) that there will still be some residual value for existing share holders once the bank issues are resolved and I would not be at all surprised if the next RNS was just a statement that talks are continuing.
GLA
Looks that way. There is only one winner in a trade....lets hope its the buyer in this case
Someone knows something somewhere!
And getting cheaper by the hour to buy it out
We should tag together and buy up the entire company (or the available freefloat), reddit style.....entire biz is less than $30m at current prices, and max 20% free float available to buy . Wrong forum I guess :)
Taken a small position here in prep for whatever news comes by the end of this month
@ AA2020 - I am not so sure about that argument - the new board has been in for 2 months now and they had started negotiations since then. Just the fact that they are all SF/Man Cap proxies makes it difficult to trust that their moves are in the interest of all shareholders - of course, I am so waiting for them to prove otherwise
Good to see some larger trades going through on the ask side of the spread, hopefully some positive news flow soon. I've been in this name too long already and it's getting painful again!
It's only been just over three weeks since they said in the RNS they need a few more weeks. Let's cut them a little slack. These things take time to negotiate - especially with several different banks and especially one might say in the particular region in question where business and negotiations are (speaking from personal experience) done in a slightly different way and can be dragged out with lots of haggling and back and forth between various different parties. It's a process! Remember that under the old BOD, a year or so ago when they were having to get recurring monthly covenant waivers, they only announced to the market on the last trading day of each month that the banks have granted the waivers for another month, and so on and on for what was I believe the best part of half a year. Re: the actual terms of what is to be agreed - indeed I very much hope that between their arguably more aggressive approach, seemingly better regional relationships and the operational improvements in the business that they can manage to reduce the quantum of the equity raise a bit.
Well, there is a sell off on no news as well....wondering whats taking so long when they said "few weeks"....looks like someone interpreted it as "no news is bad news" and decided to offload or reduce
Sip down?
but the sip down is for a high sell off after news.. all imho.
And some slam dunking today....
They really enjoy driving to the edge it seems....11 days to go
Turnaround for sure, but been a huge opportunity cost so far if you invested 12months ago....or at any time for that matter :)
For sure.
They said in December reason to believe it will be concluded over the next few weeks....
Let’s see.
Given the bod are put in by the huge shareholders & the old bod were “apparently” ripping the company off... can’t see the terms being worse than those announced in June.
Defo a turnaround at play here 4C
Yes they do have the 31 Jan deadline (though it could get pushed by mutual agreement, as they did on the last one)
Also interesting will be their 2021 EBITDA guidance - hopefully $70m+, giving them room to reduce debt through internal cashflow generation
Surely must be set to get an RNS on financing soon...