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Hi all, As ericeric has correctly stated Panmure Gordon have raised their target for GEM to 61p from 57p. Lets take a look at Panmure's tipping record with GEMFIELDS, shall we; They have since March 2014 made 6 predictions ranging from 186p (eric will state this was an error lol) down to August 2016 at 61p fact, now how many times have their predictions been correct which is a very important piece of information? You guess correctly ZERO, fact.........In fact 98% of these broker predictions are never reached as I'm sure GEM shareholders are very well aware of.
This one may have been posted already, but then again I doubt it as it was a little bit downbeat towards the GEM SP. 04-Jul-16 JP Morgan Cazenove Neutral 70.00 40.00 Downgrade A far more realistic view from a broker that has at least got close to its prediction.
ericeric, okay so now you add more Info to make your figures more believable by stating NET GEARING. BELOW ARE BOTH THE NET AND GROSS GEARING FIGURES as of 8th AUGUST 2016. Net Gearing 29.84 Gross Gearing 35.83 Even on NET GEARING figures you are 5% WRONG!! Will you at least concede that you are wrong yet again, followed by an apology of course to the BB for misleading fellow board members, this way newbies and LTH of GEM will at least have some respect for you knowing everyone at times makes mistakes?
This just caught my eye, doesn't really inspire me tbh with the directors having such little interest in backing their company. Purchase3 Dec 2015 Mr. F S Behnken 75,000 0.39 29.30 k Sale15 Apr 2015 Mr. D K Shetty Chief Operating Officer 100,000 0.60 59.75 k Purchase18 Mar 2011 Mr. S T Gilbertson 200,000 0.17 33.76 k Purchase18 Mar 2011 Mr. G E Mascall Chairman 150,000 0.17 25.32 k Purchase18 Mar 2011 Mr. D K Shetty Chief Operating Officer 100,000 0.17 16.88 k I would have expected more backing from them If they really believed they were onto a winner, obviously they knew their cash was safer elsewhere.
Many different brokers have put their predictions in over the last 2 years for this stock, guess how many have called the SP correct over the last 2 years and more? Anyone who answered ZERO is correct........these guys are the experts lets not forget.
I certainly have nothing against GEM why would i?, when the SP drops to my buy level i will buy in. With regards to you, I don't know you, I don't respect you for sure because of your antics but dislike you?, I think you are barking up the wrong tree there old chap.
good luck with your investment here, you make some interesting points and some ludicrous ones also. Ive been in SOLG for 3 years now and have made a tremendous amount there (still am and plenty more to come). If i listened to your guru ericeric ref GEM i would have bought at 68p as was his expert advice and been over 50% down also I would not have bought SOLG again at 1.4p and he knows far more than me because he is an expert (hehee) I am not in GEM as the SP is far to high and I certainly expect it to drop yet again.
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Tom thank you for posting the Questor article, this has made me re-evaluate my position here and have therefore dropped my buy price from 31p to 26p as I can see this plunging another 20%, my follow up buy will be at 21p should it drop that low which i couldn't rule out.
Spikeyj, I cannot believe you are asking for advise from ericeric, lets ask ourselves the question, who has pumped this stock all the way down to current low levels without an apology to GEM BB followers? You want advice from an individual that pretends to be a professional and does not have anyone's interest other than his motives for his attitude here, many of us NOVICES gave people advice here stating the SP would fall to current levels when it was much higher and yet you ask advice from the one and only ericeric who was tipping up this stock at 60p+ .......as Victor Meldrew quoted.........I don't believe it!!!
Its called averaging Nine2five, a small buy at 31p and If I have called this right I will buy more in the high 20's (not sure where it will settle yet.) If i have called this wrong and I don't get to high 20's as I hope then i still will be quite happy with my 31p purchase.
I doubt very much the £106k trade was infact a buy hence the reason why the SP was down at one time 7% on the day and was eventually at a 4.5% drop at close of play. I suspect the SELL order was placed much earlier in the day yesterday and only reported late on. The SP Down again today so the sellers are still very active.