Member Info for Broomfielder

There is no doubt GH's personable style, integrity and honesty shone through during his time with GGP. We always hope senior execs in Cos we invest in have these qualities, but I expect many PI's experience has shown that not to be the case.
So, he was especially popular with PIs, but for the reasons he has highlighted in the Proactive Investor interview, he believes he lacks the depth of experience to take GGP to the next level.
Thats the key, and a significant part of that is the 'acceptability' or having credentials acceptable to II's who are either partly invested or are considering investing in GGP.
As larger Corporates are well aware, II's have to be on board with key exec appointments and there is no doubt Shaun Day ticks the boxes for them.

Having bought into the concepts behind CPX's products many years ago, I found myself investing in a Company that appeared to have a technical advantage over most of its competitors. The only problem, was that its 'science' still had to be refined, its potential customers still had to be convinced etc and, of course, in reality, the Co was a long way from moving from its R & D driven advantage to a commercial product(s) which would drive income and profits.
Over recent years, I have invested, then reluctantly sold off (both times at a loss) uncertain when CPX would be able to convert its its technical advantage into a commercial one.
Finally, I think the time has now arrived, and biting my lip I invested again some months back. Orders are arriving and the prospects are now definitely looking up as production ramps up.
The collapse of the agreement with Murata and the repurchase of the production equipment etc., I have to concede, I thought was a mistake. I was wrong.
I now firmly believe the Co is on the cusp of moving into serious earning territory in the very near future.
If the trajectory of potential sales and deals are maintained, we could quickly achieve critical mass that could well attract major external interest in CPX. That would be a bonus, but I still believe CPX could make it as an independent.
Either way, the future (IMO) looks bright and its about to arrive now.

Reading this bb, there are already some people with very interesting Santa Lists. With the SP really motoring in recent days (and this morning), things could get even more 'interesting'.
OK, who is first for the private jet?

......Spring 2021.

The timing for the reintroduction of Dividends is of course the only issue here and I think it will be timed to coincide with the big economic reboot that will happen once some/all the vaccines start to roll out to the public in meaningful numbers etc.
That IMO will be around early Spring 2020..... but who knows.

Best of luck HALFMIST - reintroduction of Dividends is a given and the Market know this and I'm fairly sure a chunk of the recent rise from its low in the 90p area is anticipating this etc. IMO, the SP still has legs to go higher as I have stated. We are still in penny share territory after all if you ignore the 'smoke and mirrors' share consolidation.
A real boost to Banks in this Pandemic induced recession, is the sheer amount of Public money being pumped in to areas which would otherwise have resulted in significant debt defaults and other knock on failures.
There will still be widespread pain to come, but it could have so much worse.

See no reason why not PSK. After all, £2 (20p pre consolidation) is a fairly modest hurdle to achieve in our road to recovery. Its certainly deliverable in the timeframe you mention.
The heading still shows, Sainsbury Bank and while I have no great insight into that Bank's operations, as always in such situations, the potential for a deeply discounted acquisition of retail assets is worthy of a scrutiny.
Sainsburys seem very keen to rationalise and focus on their core activities. Could be a bargain to be had dependent upon the price and of course the quality of the assets being aquired.
Finally, I think it will be into the Spring of next year before aspects such as the disposal of HM Gov's shareholding, negative interest rates, a significant revision of current taxes etc will all come into sharp focus ie after the roll out of an effective Covid vaccine in sufficient numbers etc when the Gov efforts will move from healthcare and the NHS to being fully behind restarting the UK economy.

The sustained increase in SP since its low point a month or so back is certainly refreshing with no alarming statements emerging thus far on non performing debts in the current very challenging economic conditions hitting most sectors of industry and commerce.
I think we have all taken too many punches to the head as I can't quite get my head around the continuing farce that are the Brexit negotiations.
Even if the politicians manage to stitch together some form of face-saving compromise to please both sides, just how is industry supposed to react in the extremely limited time left etc.
Finally, its been announced today Ulster Bank will fall under full and direct control of NW/RBS. Only mistake is that this entity should have been wound down years ago as this has been a banking sinkhole of immense proportions.

I'm a bit of a late joiner to Sensyne but, for me, the approach they are taking toward constructing their commercial business has been impressive both in the nature of their alliances as well as the quality of the counterparties.
There certainly seems a momentum now albeit many of their recent announcements will not have happened overnight.
So these achievements were key to me to get involved as well as being in healthcare but not overtly in a Covid stock.
I don't know what their targeted patient numbers are to achieve the critical mass they will have no doubt modelled in their Business Plan, but the numbers already seem impressive and they are building.
Finally, the quasi partnership approach with the NHS is certainly interesting and I'm surely fairly unique in the markertplace.
And it shouldn't take too long for most of these tie-ups to start producing measurable data and results. Altogether very encouraging, even in the short term.
All the best.
B

Rur was the last remaining shareholding of my original 'risky' AIM portfolio started many years ago and in Rur's case, way before the Bolivian fiasco.
Some successes but in truth most were failures - I have to say some of the reasons were colourful to say the least.
Probably not the best time to exit Rur, but I've grown tired of the snail pace of activity and sold the small holding I still had.
All the best to suffering long term holders and, indeed, to any investors here.
B

The frequency and general availability of information flows from AIM listed Companies is often patchy at best.
In my view, it simply forms part of the risk associated with investing in AIM Cos. You either accept that or perhaps you shouldn't invest. Its also not easy for PI's to influence matters in that respect either as past attempts (not referring to GGP here) to coral enough PI's with large shareholdings sufficient to promote a Nominee to the BoD has been extremely difficult to achieve.
I accept its difficult to sit on your hands (which most of us are doing) when awaited key information fails to appear when expected, particularly when our investee co is one whose worth is derived from asset valuation rather than say a multiple of profitability or cash flow in the case of a trading company.
This last factor usually makes for a more volatile SP than we have seen with GGP as sentiment can impact on investors much more easily in the absence of hard facts.
Yes, the risks are there but IMO, they have been managed as best they can be in the case of GGP as many superb posters on this BB have eloquently argued. No-one is saying the risks have been removed.

When our SP fell back from its 'all time highs', I recall that reference to sellers attracted such derisory terms as 'bedwetters'.
Now, firstly, I haven't sold any of my fairly modest GGP holding, but I would object one bit to being called a bedwetter if I had just made close to £6m on my investment as Primorus have just done!
In fact, a zero or two off that figure and I still wouldn't mind.

This RNS should have been issued on 1 October. After all, we could have written it ourselves.
This Bod are culpable.

Obviously delighted our penny share is now back in double digits (12p in 'real' terms once you strip out the share consolidation a while back).
Wholly agree with many recent posters and would reiterate the Executive team shoukd stick to restoring the Bank to financial health for the benefit of its shareholders and staff, both of which have been downtrodden in recent years.
Oh, and cut out the window dressing nonsense of such things as sp consolidation, costly name changes and now socio-political policy statements aimed at an entirely different agenda.
In other words, I think most shareholders would prefer the Exec team simply stuck to the day job, let the results speak for themselves and collectively keep their traps shut for a while.

Whilst receipt of Loan repayments is always welcome, our Bod continue to update shareholders with the barest of information attaching.
Were these funds received after or before EdS' tariff expired on 30 September?
That is fairly 'key' to guessing at what level of deductions have been made by way of Forex implications, Argentina's Exchange control penalties for Capital being taken out of the Country etc.
A full breakdown of the gross to net deductions should have been provided as should an update on the actual position currently prevailing post 30 September for EdS' tariff rate etc. We have to assume there is no revised Agreement signed off yet.
Obviously far too much to expect from this Bod who probably think they are hard worked having to go the Cash Machine to check the Co's balance.
Because that's certainly what it looks like.

OHS - well done you!

As far as my investment here is concerned, I had always focussed on Clon's Ghana activities and rather discounted their interests in Bolivia.
But perhaps after the wait we have had, both could be witnessing some positive movement in the not too distant future.
That would certainly make a pleasant change.
GLA

Rur's only source of income emanates from EdS via Patagonia Energy Ltd (owner of EdS and owned 50% by Rur).
Given EdS income is derived under an Agreement which expired at the end of September, there must be a default pricing scenario now in place. The likely change to EdS' income is likely to have changed significantly.
No doubt, discussions on a fresh Agreement are ongoing but, given the significance of the revised cash flows post September end, such a material alteration should merit an RNS outlining the PRESENT position.
The absence of any update to shareholders is beyond incompetence.

Hi tom_the_bomb.
Interesting your take.....clearly my grammar or phraseology needs a bit of brushing up!
There was me attempting to have a realistic musing, but pessimistic, no not really. GGP is (and has been) my largest holding for some time and its story has been the only one to make me diverge from my max holding per company within my investment portfolio.
I am aware of its history having been involved in and out a bit since 2010.
My thoughts were along the lines of we can't expect the SP to continue its meteoric rise seen a few weeks back. There were specific reasons and whilst we all believe the SP's recent pause for breath is just that with much more to come, on the back of further news.
As for those that I mentioned were 'sucked in etc'., yes thats exactly the type I had in mind. I've no doubt there were some jumping on the back of a sharp rise without the most basic of research and its these types who expect the month on month rises you refer to.
I'm a lot more optimistic about GGP than I seem able to communicate. Clearly, I need to get some lessons in that respect!
All the best.
B

I think its fair to say that this bb is populated predominantly by lth's. OK, some have certainly held longer than others, but I've seldom seen so many contributors openly state that they are unlikely to sell up any time soon (perhaps other than smaller top slicing etc).
So, unless a lot of my fellow investors have very deep pockets, they are less likely to top up with any significant sums, the more the sp rises, especially as they are likely to be heavily invested already.
So, for PI's at least, its become a bit of a pyramid scheme - recommend GGP to others who might jump on board etc whilst extolling our Co's many virtues.
So where exactly are the purchasers coming from that will invest in big enough tranches to move the SP?
II's all have their own investment criteria and many simply wont invest without an income stream. Otherwise, it would push such an investment into a different category and whilst undoubtedly there are players involved in those investment types, inevitably the pool is very much smaller.
We have to await greater certainty to tempt many new investors (and thats despite the plethora of excellent data on this bb and elsewhere) with the bulk of these still likely to be PI's IMO.
So, we are back to awaiting News and real news at that. After all we don't need to convince PI's, the like of which participate in this bb.
Yes, our stellar stock is beginning to behave much like most other shares. Its just after the fireworks of recent months, many people may have got sucked in to expect that performance to continue.
But, value will 'out' in the end. Iits just that in today's world, with so much information around, even the best of us get impatient.
And I aint the best!

@Dodge, @TakingMyTime
Looking back at the various predictions for the sp on 24/9, could the excessive optimism shown by the participants be down to the fact that (we) investors in GGP are a bit guilty of tunnel vision? My own thoughts were certainly around the mid 20's, so I got it wrong as well.
Rightly, we focus on fundamentals and the rich schedule of news due but during the time when the sp was increasing daily, most of us (and I include myself) perhaps allowed our dreams to cloud our judgement to a degree despite us all professing to know better. In reality, we should all have seen a fairly significant correction coming.
Profits are always taken. After all thats how the professionals work. And some real price volatility really suits them perfectly.
Sure lth's will be safe enough in the end but our investee Co has attracted the attention of some big boys, so we should expect things to be bumpy for some time especially given AIM's loose governance.
I think this will continue until substantive news/facts point us all to the next level.