Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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https://seekingalpha.com/news/3399061-gran-tierra-oil-pipeline-colombia-damaged-bomb-blast
Per Seeking Alpha site.
I think with the amount of cash they've got, no chance for the company to go bust anyway. As far as I understand de-listing is a part of restructure process after which very possible they will start trading on AIM again. However, if the company get bought by the larger one, then I think we can flush our shares down the loo. Anyway, it is too early to predict, as not enough time passed. I shall have another look in lets say 6 months min. Good luck!!
The final results are now on GTE's website , had a quick read and thought that they dont look to bad , does anyone else have a view ?
You will need to register with J.P.Jenkins stockbrokers if you would like to trade. Not sure on the price at the moment, but think these shares can possibly be re-listed again on AIM in the near future, as happened with many other companies before. I will be holding till there is some light in the tunnel.
Following the delisting of Gas Turbine Efficiency shares from AIM on 18th April 2011, the Company is giving shareholders the opportunity to buy or sell shares via a Matched Bargain Dealing Facility. Shareholders wishing to purchase additional shares or to sell their current holding should contact the office using the telephone number listed on this letter. Igot this notice today from my bank but have been unable to phone them yet - does anyone know the buy/sell prices that they are using?
I would say this is a minimum 6-12 months hold and then we will see which way the share price will go. I am about to request a paper certificate from Halifax of the shares that I hold and will keep it in a safe place for the future times. All we can do in the mean time is to observe any share movements on jpjenkins website if there is any and do further research.
joe - still holding and waiting , will either prove to have been a wise decision or a hard lesson , time will tell.
How much is 1% of EFF-ALL? Al Gore, go to Hell!
"Only 100m shares and 15m pounds in the bank:". If the company gets taken over the share holders will get very little if anything. Its been all wrapped up in favour of those preference holders....Instead of looking at that amount think in these terms....At most the common shareholders will get about 1% of the company. That means the 15m becomes 150,000 pounds. somewhere between 0.175 and 0.20 decimals have never been my strong point.. Some people do buy these things.....not completely unknown...150,000 must be worth 350 pounds? Well I certainly hope those eggs hatch....would have thought magical beans would have been better than golden eggs..
Only 100m shares and 15m pounds in the bank and a turnover of between 40m and 50m as alibababa states then i believe you will not be able to buy any shares once these shares are de listed as the directors will probably want them themselfs with all that money in the bank and such a good turnover. I bought another 100k here today bringing my total too 150k. I have many de listed shares and some have folded and some are still going and i will keep mine and look at them when the market reaches its highest point which could easily be several years or more time. I reckon these are golden eggs and i will sit on them until turn very good as the value today in my mind could be well over 10p a share if they were not de listing , just my opinion as i do not see that many companies with any money in the bank and only 100m shares that i can see showing. None of my de listed shares have ever gone up in value as shown in my account so do not let that put you off, im holding and forgetting, if this company gets bought out which could happen then it could be happy days or relisted thats where i see the value.
Me too. I was also temped to stay only looking at their positive financial data. Who knows what future will bring, but only good I think. It was worth a small punt only because on AIM small loss always possibility when we sell at the loss, just to buy in another better stock. Therefore at the end of the day few hundred pounds will not make much of a difference. The only thing that worries me is that they do not have to publish their accounts after they become plc. So, I guess it will be pretty hard to know where they stand financially in the future. Or, I am wrong?
also today, was trying all day to get lower entry, but 0.40 was the best offer on halifax.. I did research GTE yesterday, today and all I can see only positive side real bargain..
Well that's it as far as AIM is concerned.I decided to stay in as the share price was so low IMO those who have held will get more than the 0.25p that sellers were getting today.(time will tell).been checking various websites and basically the company will have a turnover of between 40 and 50 million this financial year with no debt and 15 million in the bank.The downside is that ordinary shareholders will have there stake diluted with the terms of the restructuring but even with that in mind I feel the company is Worth more that 0.25p a share.does anyone else have any thoughts?
I see buyers are still coming forward even at this late stage , can't decide whether to hold or sell.Have contacted Halifax there is a £25 fee to get your holding into certificated form for those that are interested.
£200 for 50k! Never could resist a bargain!
I truly believe that this will come out good and will be definitely holding on to my shares, even maybe topping up for a small amount today. This also explains why threre were more buys then sells in the past few weeks, as more experienced investors possibly knows more about this share. Please see below a very reassuring replay that I received today from Mr Ian Smith, which surprised me how prompt this reply was, as I only e-mailed via their website yesterday: Dear .... Thank you for your enquiry via GTE’s website. As you have seen from the recent announcements made concerning the company’s recapitalisation, the company’s shares are to be withdrawn from trading on the Alternative Investment Market (AIM) at 7:00am on 18 April 2011. The company will also re-register as a private company on or around 18 April. Following the delisting from AIM and re-registering as a private company, your shares will still be valid but it will no longer be possible to trade them on a regulated market. The company will operate a ‘match bargain’ trading system to allow exiting shareholders who wish to sell to be matched with other shareholders or investors who wish to purchase shares in the company. However, this system is by its nature less liquid than public trading on the AIM and the company cannot guarantee that all shareholders can be matched to appropriate buyers and/or sellers. We are unable to offer investment advice, but clearly you have the option of either retaining or selling your shares. If you should decide to sell, you can do so prior to the delisting through AIM or subsequently via the “match bargain” facility. If you need investment advice, please contact your bank or stockbroker. Any further news regarding the Company will be published on its website www.gtefficiency.com. Kind regards Ian Smith
Thanks for the articles. I assumed there would be some minor challenges in trading post-deliting. Good advice in the articles about gathering information. I also quite like the thought of my potential great grandchildren making something of them in the future (nicer thought than giving them away to a stranger today! Topping up / Buying in? My first ever share bought at just the wrong time! I topped up up £100 this week which more than doubled my holding as it bought me more shares than the original £500 inverstment did a few weeks ago. My thinking was that if I have to go through any hassle for selling then there would be a profit on my holding at a lower price. There is some logic in there somewhere! Interesting to see if there'll be any action or movement during the day. I'm guessing it's too late for a takeover ha ha! Good luck whatever you decide :o)
Very good article although I've no idea what would possess me to buy in at this stage. Which some still are I believe. Still, some people send money off to 'Nigerian princes' to support the most fanciful schemes - its a strange world. I suppose investing in AIM at all is only for the 'exuding with excess cash...' This looked like a good call. I was in for some time at 65p. I thought : surely Ebay could set up a cheap share dealing facility, after all they do it for stamps. But then the stamps are dealt in for their artistic value not their postage value and that is how the share certs. would be treated. I wish you all well.
And another interesting one: http://www.investorschronicle.co.uk/InvestmentGuides/Shares/article/20081229/0b869f4c-d028-11dd-ad95-00144f2af8e8/Make-money-from-your-Aim-disasters.jsp I hope it will help you to make the right decision, as it helped me.
An old article, but very informative. http://www.mandadeals.co.uk/entrepreneurs/1065187/looking-for-life-after-delisting.thtml I think I will be holding mine. Also, very well said Andy, I am totally agree, as after some research I know more about this subject.
Your bank should provide you with certificates on request which you will be able to hold yourself. There may be a fee (Barclays is currently £15). I have an email from GTE explaining what will happen. Here is the relevant extract: "Following the delisting from AIM and re-registration, your shares will still be valid but it will no longer be possible to trade them on a regulated market. Following the delisting, the company intends to put in place a ‘match bargain’ trading system to allow exiting shareholders who wish to sell to be matched with other shareholders or investors who wish to purchase shares in the company. Existing ordinary shareholders will then be able to leave an indication that they are prepared to buy or sell shares at an agreed price. When a match is found, the shareholder would then be informed and the transaction effected." I'd get so little return by selling I'm tempted to go down this route. The company seem sound and their products are desirable in their market. I think there could be a profit at the end of the day. I'm thinking it could be a case of leaving an indication for selling at say 2 or 3p and wait to hear of a sale. Naive? Maybe? Worth it? Anyone see anything I'm missing?
i have commented on here about holding shares with this company through Halifax. Halifax stated to me on the phone after a phone call and said that they can not directly hold shares with GTE therefore you need to sell them before they go private. you may contact GTE for a possible certification but otherwise you need to hold them through some other company. I repeat Halifax can NOT hold shares in GTE after the companty goes private. if you do not sell or arrange a change of holdings of your shares you WILL loose them.
What will happen to my shares that I hold after 18th April? I am with Halifax and still believe that this company has future, therefore would like to hold, but never have been in this position before, therefore not sure if I will lose my investment which isn't big (£500)? Any advice or discussion is welcome.