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It's ironic how we thought that around 3p was a low price for these shares. How much difference an incompetent management makes under the influence of a consultancy and a pair of greedy investors! I agree that this is merging on the criminal. I actually called the company a few times and they were confident that eventually there would be a lot of shareholders' value generated. Sure! If you are one of two shareholders - Generation and Zouks. Otherwise, it's like they are using their pressure washers on your backside to wash out all your investment!
"100k shares for £460. This company is obviously going places and growing quickly. The patents alone are phenomenal. Buy and vote "NO" this could make millionaires for less than 5 grand." Even if you could buy a million shares, you'd be owning only one percent of the company. How much is one percent of eff-all worth? Even before the changes about the loan notes, one percent was worth only about £70k. But those days are over. This is a falling knife. AVOID!
Whoever thinks that at 50p, the company is undervalued must have missed the most recent RNS. Or am I wrong to think that Generation and Zouk have the first $30m out of this pot, virtually leaving nothing to the holders of the other 69%? Shame on them and on the management to assist such a vicious ploy!
small shareholders get effed by that great Al Gore and his pals. Very ethical... just abuse your position as a lender and get a green company on the cheap. This whole affair is just merging on the criminal. Who authorised the changes about the loan notes and what kind of moronic management accepted such terms for any loan?
the management finds an alternative source of funding and the loan notes will be paid, leaving Generation and Zouk with their 31%? I don't understand why and how the terms of the loan were changed, but it's odd that suddenly, the loan that was supposed to mature around the end of 2012, is ending in a month. Anyway, I hope that all parties involved see the true potential in the business and act honourably, without destroying this business and hurting small shareholders.
Oh, come on! Somebody could enlighten us about what happens, because to me it seems that the institutional shareholders are trying to abuse their position and convert their loan into equity at a very favourable rate (for them). Will it mean that my percentage in this company gets significantly lowered? I really like this company and I can imagine that within a year, GTE will be making a profit. All the business news are encouraging - growth everywhere and the loss-making aviation line was sold at a very nice profit (although, shame for the outage group). GTE is now a focused company with solid background. But it's difficult to cheer about the bigger cake, when my slice of the cake is getting smaller. So come on, somebody... anybody...
I thought that the sale of the aviation line pretty much offset the debt. In a year, there was $20m loan facilities were raised and most of it is already used up. However, there was a big jump in employees and there was also encouraging increase in sales with a shift from OEM towards more profitable activities. The difficulty is always to value a company that invested in growth. Who knows when this investment will bring any real benefit, but the sale price for the detached activity shows promise. The sale of the aviation line also provides GTE with an annual licence fee, will it not? To me, this company still looks undervalued. I noticed some 'tree shaking' yesterday and I hope that the current 6.5 is just another one. 8-9p is a comfortable level for this share. Or am I completely wrong?
pastyc, No, it wasn't at the time. You should have waited for further fall to buy or until now to sell. WENTY, andyaa, it looks like 52 to me. It never made it to 22. Sorry... Just usual market panic. You cannot cut all expenditure.
Even about a week ago, Yahoo Finance had GTE with the 1 year estimate of 18p or so. I never understood why, apart from perhaps the figure coming up much earlier and staying in the company profile even after the discussions about selling off the aviation part collapsed. What would be a reasonable expectation now?
this company looks like a bargain. I suppose, the restricted volume indicate that there is a great shortage of shares on the market, would that be right? Many people are holding onto their shares hoping that GTE would recover. It's not often that you can become the owner of the same company that Al Gore's fund has a stake in, right? Personally, I am certain that selling off the aviation line would boost the price. It's not a big earner for the company, albeit it must have helped to amass great technical wealth in the industry. But even a 1% efficiency rate for big gas turbines should be enough to justify an interest in this enterprise. I would think that one of the big industrial companies would be happy to pay a few millions for all the expertise and patents that GTE holds.