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when he took up the office of ceo in february 2021, just 2 years ago, the ggp sp was over 26p. its now less than 7p. it is 75% down. when will people stop implying he is the second coming, his custodianship has been truly appalling for long term shareholders and its still heading towards zero. he and his mates are ok though, don't worry about them. wake up and smell the coffee, the sun does not shine out of this blokes ****.
Must admit I'm out. Must have held here here 6 or 7 years (I don't keep detailed records for my ISA and a broker change a few years back precludes me from accessing deals on that platform) but I don't see a great immediate future. The looming General Election may well bring threats of renationalisation or at least pressure to take improvement at least partially from profits, brokers don't seem to keen and the SP close to even their targets. GLA
Why does anyone persist in investing in this dog? It was one to avoid years ago, I only just looked at it to see if it was still breathing, and was surprised to find it is!
The record date is pretty soon now, middle of next week. When that is passed the shares will theoretically drop due to the lack of exposure to the Kosovan litigation. Worrying, because they are going in the wrong direction just now.
You mean b/ u, as in b*gger all
I agree Meta.
I was never really thinking of putting money in here, but when I saw their TV ads there was zero chance. They featured a totally thick gormless girl who was a PB employee, who just exhibited incompetence in every supposedly amusing ad. If I had been the CEO I would have dragged the advertising agency in and asked them why they thought that portraying my supposedly professional employees as complete morons was a good idea. If a CEO cant see that then what hope is there for the company.
Why is this still trading? I was reading about nanosynth (NNN) yesterday. It was clearly finished, and the Board knew that before 7am when RNSs are normally released, but hundreds of buy deals by the naive took place in the morning, and the SP rose by 100% before a liquidation announcement was made at midday and the shares became worthless. Scandalous that this should happen in UK stockmarkets, this isn't sub Saharan Africa with the corruption that implies.
Everyonesawinner
My belief (again I stress this is just my opinion) is that the best outcome is that Newmont either decide that they want 100% of Hav and buy either the balance of the asset or the whole of GGP for a reasonable premium and develop it OR to buy the 30 % balance, package it with Telfer with a big red bow and see it to a third party. I have now lost the aspiration to continue to hold GGP as a prospective dividend payer as I have lost confidence. What really worries me is that no matter how SD plays it with his buddies we are in with the big league now. By big league I mean mega miners who play hardball, and in that scenario I think that SD is probably out of his league.
Like a couple of other shares I have whose fundamentals seem sound, even the the avid supporter is now reluctant to average down and all we see is future 'opportunities' at a yet lower price level. While I think Shaun Day is sincere in his desire to build this company, I don't think he is remotely concerned at conserving the wealth of the original investors who made this whole thing possible. We have seen several instances of mates getting involved both as investors and in senior management level. Although some are impressed when interviewed, I am less enamoured. Every time he starts a sentence with 'Look' I think here comes a bit more patronising insincerity. I know my views will annoy some on this board but I am entitled to my opinion.
Think what everyone should be thinking about her is what will.Newmont do. The 30% of Hav is pretty much GGPs whole ⁰world. The 70% of Hav will be a note on Newmonts balance sheet. They will act, correctly, in the best interest of their shareholders. They may consider that to be to acquire the remaining 30% for as little as possible by sitting on it. What I believe will be telling is whether the decline continues to be progressed. Any suggestion of the works being suspended will be catastrophic. I am concerned here because as a GGP shareholder it feels like we have little control, we are just hoping.
The cash raise ro do that at this depressed share price would cause dilution that would guarantee many people here will never see a profit on their holdings. I really hope there is a plan B. I also am now expecting a fund raising on this ASX listing despite SD implying he wouldn't in previous presentations. I have to admit my confidence is waning now and, judging by the SP reaction to this RNS, so are many other peoples.
What does anyone think is likely to happen after the record date? With no rights to the legal claim proceeds they have to drop, but by how much?
Unvrkw
I really hope it works out for you.
John
Hello fuel, Truro, unvrkw and anyone else who knows me.
Well I'm gobsmacked, I've been away and haven't looked in for some time. My jaw is currently scraping the floor.
Well that is all rather good. I am just settling down to some tasty humble pie, and have asked Tesco to send round a hair shirt from their 'feeling foolish' range for me to wear for the rest of the week. As you all know, I never doubted Chris Gilbert, fine chap.
I'm actually in a few hundreds profit in my 100,000 shares. Wonders will truly never cease.