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A light reporting day and a releasing on a Monday would indicate that they at least aren't trying to bury the report?
Well the debt levels are what put off any potential suitor. Blow the debt away & this will get a bid like what happened @ WG.
TBH any presentation pack has been in place for weeks now, only needs updating with the figures agreed with the auditor. The announcement should only be confirming other numbers already flagged. Not sure they will say much about us sale except ‘process ongoing’. The forward forecasts for the next 2 years will be key.
Yeah...at Wood the sell took away some pretty good revenue/earnings and work pipeline if I remember ... so..selling it and paying off debt wasn't exactly a one way benefit
No it sucked at Wood Group ... would take an Apollo moment here though!
It would certainly appear they see some urgency in it. Just hope it's for the good. GLG supposedly spend a lot of money on research companies who speak to ex and current employees of organisations. Hopefully their increase was more 'strategy' than 'information'.
Well hopefully they announce the NA sale at a good price & the SP is still 60p. Big asset sale didn't move Wood Group' s SP much at all as i recall!
Autocorrect is messing up with my messages.
"before releasing the set results"
What I find a bit curious is that they have released a RNS with the date for the results just 2 days before poetic he set results.
I just find that a bit strange as there is usually a bigger time frame between the 2.
Yeah, my omelettes are more like a dog's breakfast so need some help!
I think buy after presentation or before probably works. The lowest I sold at was 68p and I certainly have not bought all back. I just wanted to buy some, so at least if there is an off chance they say something positive about the US, I won't be kicking myself as badly. That's the only thing which could blow the doors off in terms of an SP rise, I imagine.
Flip side is I sell at yet another loss as results are accompanied by nothing substantive and I'm not going to tie cash in this for another 6 months!
Fish, probably the best approach. Lets face it even a great update would raise it say 20% to 75p. Still a great price. 15p missed out on but that is the price for the peace of mind that things all good!
I have taken a different approach this time.
I held on buying more in the recent time in order to buy on results day if they are decent and the market react poorly.
Worts case scenario I miss a 10% pop however I will still be averaging down so not to concerned.
" Teaching us to suck eggs Pokerchips? "
no, but I can show you how to make an omelette if you like? lol
but seriously.... as you say...it is quite a lengthy process....and no one knows, as yet, when they might have even invited anyone to the first stage .... and ... the more they can show the recovery of margins after the COVID, driver shortage, age inflation issues... the better
I think Tim Werner was a good appointment leading the US Bus Division and I suspect that by now he has really got to grips with the business there
Teaching us to suck eggs Pokerchips?
Whilst different in scale to ones I have been involved in, 6 months to offer is enough. Actually it's once you get to offers in principle that the a barrage of work commences. The primary element of presentation to tender offers is 3-6 months really. Another 3 + to complete. Like I say, current environment is a buyers market and the company might be taking it's time so month on month improvement can be seen against forecast value etc. The business will likely be presented at a value presentation on 'realisable' value as opposed to actual. Its the smart play and countered by stripdowns etc.
Anyway, at least the dates in now so bought back some this morning just in case the results are accompanied by a strong presentation of outlook.
I am not even thinking about the NA sale.
All I would like to see its some improvement, maybe some margin recovery, cost efficiency and the best think would be for them to provide a decent guidance and maybe some remarks on the Q1.
If all of that happens we can look forward for a steady recovery in share price. NA sale or takeover will be a bonus however that might not be happening in the immediate future.
" I think worst case here is no buyers for NA business"
I think it is important to realise the timescale and steps that need to be taken in order to sell a business
You cannot sell a business without first producing a proper document advising exactly what is for sale
... and that is what the "preparations for sale" tends to involve ... and it becomes a legal document ..and as such takes time to prepare in the detail required
Second step, tends to involve inviting potential buyers to view the document describing the business for sale and invite them to visit the business for sale
That also takes time
There then comes a time when having invited all potential parties ...you provide a time line for anyone to get serious and decide whether or not to bid for the business for sale, and provide evidence that they have the finances in place to buy the business if their bid wins
The whole process takes months .... and ..months
so..I would not be too concerned , if the process is not as far down the line as anyone might wish for....
This kind of business does not come up for sale, that often..... so.. there will be interested parties.... and I doubt they will try and buy for silly low prices ...
Report them to the FCA Market Abuse team.
Also inform Investor Relations.
I think worst case here is no buyers for NA business; EBIT below £160m & they announce CR which i absolutely think is appalling if it were to happen those 2 would need to be out. My hope is RNS which say EBIT is £170m+ & we are making good progress on NA sale. Reality will probably be something between the 2.
Hedge against further inflation and geo-politics.....i suspect
There is little chance of a H1 dividend , so it really depends on strong H2 with the summer, and a start of interest rate reductions, with any Bus sale potential to bring in Fund Managers
There is no point expecting too much too soon..IMO....the main thing..is to be making positive progress with the things that a BOD do, and accepting the external affects that are in other people's hands....
Smokey, you need to understand that lots of these shorters will have a long position as well to hedge against the unexpected. GLG are winning big here regardless!
If the numbers are poor on the update & no progress on NA sale you could be looking at a DOCS day but it won't tank on the basis of a tiny short increase. On no info i wouldn't expect it to go much lower than current levels. It's just treading water here waiting for the bombshell to drop!
Well, if you have got a feeling this is going to drop to 30p, don't just sit.. act on it and short it.. otherwise you are just being a keyboard warrior spouting nonsense as half of the forum members do.. back it up with a fact or justification then ppl would want to listen to you which is the whole point of having this discussion forum.. don't go around claiming that on the basis on a 0.1% short position increase the share price would tank, pls apply some thought and rationale.. over 70% of this company is owned by IIs or Cosmens and they are sitting tight or increasing.. but hey, dont go by what someone else says, use your analysis and act but pls do act and don't just spread fear
A company does not increase a short at this record low level unless information on figures has been released. Got a feeling the shares are about to drop heavy on results day. The atmosphere and tension is building up that way. Fortys, maybe even thirty. Surely the board must be made to resign on the same day.
Exactly kingrav.. ppl just jump up and down on slightest of data points.. you wanna see problematic short positions, go check petrofac or ocado for that matter.. Also, if you go and check, I am pretty sure GLG would have increased short positions in multiple stocks over the last few days given the geo-political climate; doesn't mean they have got some leaked info about mobico; they are just playing with human psychology
keep calm as next few weeks/months are going to be interesting on this one