Member Info for 4Corners

AA2020 - and good to see that you are still here! Been boring since last year, but with warrants out of the way, perhaps gets slightly more interesting

Did you pack enough sunscreen because it will be a long time in the sun, possibly forever!

Consistency of "lift off" comments right at the top....priceless!

Only small part of the transfer has taken place based on the last RNS, not the entire 150m

Jabar the camels 'jackpot' turned out to be a mirage in rub'al khaali

And strangely GMS management decided to keep that jackpot news for themselves? (I think not)

Mazrui haven't sold anything,just change in % ownership from warrants conversion.

Bargain keeps getting better every day!No escaping the twin sources of overhang in the short-medium term.GLA!

Your ramping is having the opposite effect....

I am curious why SF,the largest shareholder and an insider would give $15m+ in charity to feira et al....

That is some strong rothschild ramp....changed your celebratory target price from 33p to 40p.....Not that it is ridiculous,but who is your incremental buyer at 40p?

So that explains the institutional roadshow in the city!Another source of supply!

That is some serious cash flow generation and deleveraging by MMA,and those multiples make it look like a steal for the bidder!

MMA bid price was upped few days ago!Bravo!

When the bid on MMA was announced early in the year,this what they said- "a 91% premium to the Company’s net tangible assets at 31 December 2023; and a 7.7x multiple on annualised H1 FY2024 EBITDA". (so with revised bid price this is 8x?)

I.Two broker target prices are at 28p including warrant shares, and tacking on a small control premium of 15-20% to that

II.30p also implies just under 7x 2024 EBITDA,similar to the 7.7x that MMA Offshore is being acquired for currently

@ Mcatee – nice ramper curveball.Clever Brunette did sell 0.5m shares compared to reported holdings in the 2023 Annual report and perhaps selling down without having to report since he is below 3%

@AA2020 Monthly volume traded this year is 40m shares.No. of shares on conversion is 137m.We are looking at 8-15months overhang if the warrant holders were to exit completely at any price above their 5.5p cost.Explains London roadshow with investors like thebd11 to drum up buyers for this big supply.Not easy to find investors on LSE these days as it is.Guess its time to put GMS up for sale as there has been significant value creation since 2021 capital raise.Or linger around for another 1yr with this additional overhang.I opt for the former if they can get anything north of 30p today

Thanks for clarifying!So I suppose SF and Mazeoui should also be announcing....

Looks like the art dealer selling as well!

....by diluting shareholders and then selling the shares indiscriminately and creating an overhang....one of the issues with this stock despite the solid underlying fundamentals.There is no way so much stock is absorbed by investors in a short time frame barring an open bid for part or all of the company

The banks,after milking GMS for years with punitive interest rates,monitoring fees,etc. is shafting shareholders by diluting t

@AA2020 - Your were right on the sell off this month likely to be from the warrants conversion.First batch is here (50m out of 137m) and new issue of shares is disclosed end of each month