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Last year was poor. This year looks mixed but not seen any overall figs apart from "bargains of the year" which was up 10%, now down somewhat as Record profit warning, so I agree nothing special. His problem is he does not get out when things start going wrong, like Polo, SEA, Camkids, Thal, Greenko etc. If you avoid his foreign cos and energy tips you will probably do quite well.
Yes does look overdone. Quite a few buyers come in at 63p. I do tend to agree about management, which is one reason why I sold at 112p, lots of ?? over their performance lately. Its one of Simon Thompsons tips in IC so if he still rates it as a buy I think it may rebound.
But its the same on the main market, there was one share the other day which fell 8% but the buys were more than the sales. Too many dodgy companies on AIM esp. foreign ones to grab your money. There are some good ones also.
The problem is money, I gather the bank loans are not being extended, hence GBO need to raise some money, there did issue a 8% bond that did not work, now they have a 10% bond trying to raise money. If GBO have been making all the money they say then why have they never paid a dividend? Why do they need some many loans?
Thanks, yes I did see that later yesterday. It has not effected the sp at all so I presume these shares were placed with other investors. A lot of companies in this sector seem to be posting flat or falling profits and saying its very competitive.