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Mike, if the ROI and DQ know the outcome, why the delay until md March? If it’s known I guess the buying interest is a good sign....still not convinced though. We would be at 50p by now if the signs were good. I continue to sit and wait like many others. 30p gets me out of my IG position and 27p is my average hold...some way to go yet for me!, GLA
Today....
Barclays CEO Jes Staley is still standing after a period of layoffs, legal challenges, and a $2 billion settlement with the U.S. Department of Justice. The bank’s recent return to profitability may persuade investors to take another look. After all, based on price-earnings ratios, it’s one of Europe’s very cheapest banks.
Greka Drilling Limited (AIM: GDL), the largest independent and specialized unconventional oil & gas driller in Asia, has been unable to publish its annual accounts for the year ended 31 December 2017 by 30 June 2018 and accordingly trading in the Company's shares on AIM has been temporarily suspended pending publication of the annual report and accounts. A change in accounting personnel at the Company has contributed to the delay although the Company's auditors are concluding their review at present and the Company expects to publish the annual report during the course of this week.
The way I see it is that if the company exist, Barclays get some return. If Barclays call the loan, then the company folds. Better to work towards closure than have it forced and meantime interest rolls in. Others might know better. For the record I sold out at 4.5p at a significant loss.
Just picked up on this.......Earthport plc (AIM: EPO.L) today announces that Hank Uberoi (Executive Chairman) bought on Thursday, 13th June 2018 in the open market 150,000 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") at a price of 8.85 pence per Ordinary Share. Â
Hi. Does anyone have and knowledge of Greka Engineering? I just found I have some shares....I know the company was privatised but could they be of any value?
NAV 110.7. It never ceases to amaze me the difference between NAV and trading price still happy to pick up the DVI.
I use this company on a regular basis for my pension transfers and didn�t realise they were a quoted company. They provide Competitive rates so am surprised how their share price has fallen over the last year. That said. I�ll take a small punt via IG Monday. GLA
Zwemnaar, you say There will be no settlement, but then talk of the (slight) possibility of a settlement ....slight contradiction may be? My post said �if� and went on to say the market doesn�t reflect this possibility otherwise the price would be higher. Still you probably know better.....
Less than �50k turnover today but good to see interest is building. With all the options the directors took out, I can�t see them accepting anything less than 30p if a settlement is offered. May be �2 would be reasonable but most would settle for less IMHO. If the market thought there was a good chance of a settlement, we should be at least at 30p so not counting my chickens. GLA
I bought in today as a long term hold. Good yield and a long term pension hold. I still see strong demand for minerals from China and Europe but understand people taking profit. GLA
Under Annulment Procedural Order No. 1 (14 July 2017) the Company was due to file its reply to Indonesia's Counter Memorial on annulment by the 22 December 2017. Indonesia was then due to file its response on or before 28 February 2018 but recently sought an extension to the timetable. The Company has agreed to Indonesia's request on the basis that Indonesia agree to a similar extension for the company to file its reply on annulment and that there is no extension to the previously programmed annulment hearing dates of 16 - 17 July 2018. The annulment timetable is now as follows:- - Churchill to file its reply to Indonesia's counter memorial - 15 February 2018 - Indonesia to file its response - 10 April 2018 - Annulment Application Hearing Dates 16-17 July 2018