Member Info for mcco

GCM is up over 18% this morning, but no change in the bid/offer price for Polo

Interesting to see that he paid over £2 per share

Good to see that over the last few days there has been consistent buying; not in great numbers but far exceeding the reported sales. Let's hope these will give a good foundation for the SP

Although there have been no trades yet the opening quoted spread is over 60%!

Is it time to change the name of the Company again? I know this would cost money but it might help to bury the bad memories of the Sheik

Sorry. Just realized that your post was also feb 2018

Article published in Feb 2018.
What’s the relevance?

On 14th February last year in an RNS the Company complained about inaccuracies of fact in P’s letter. It said that it was having difficulty in contacting P over the previous month but has failed to communicate to its shareholders the corrections of the alleged inaccuracies. We still don’t know. Probably good news for the investment in GCM, especially for its shareholders

Barnet,
You weren't too far out with your estimate of 6p on 19th March. with the Company's estimate of 7.94 on 20th March
You will see that I'm on a "weak buy" although I'm not adding at the moment
There is underlying value here

Discount to NAV now 50%

Thanks, Barnet. I know it’s only a guess but probably near enough to the right value. Depressing that he and his companies are still helping themselves. He’s also taken a big hit in the value of his shareholding
I’ll still hold on for the moment although it’d have to go to 10p before I turn a profit

At 6p it’s still four times the present price
Liquidate and distribute

The NAV is 66.7 so why are people selling at 40, a huge discount?
The Board and investment advisors have a lot to answer

The last but at 12.53 was at. Don't rely on that price a price of 8.79 but only for 500GBP

Anyone hazard an educated guess of the current NAV of investee holdings?

Why are no recent share dealings being shown? The last one is timed at 10.45 this morning. I'm trying to buy

I'm not a professional investment manager, but I would like to think that if I were I would have liquidated some of my holdings in Indian corporates after the Chinese Virus was seen to be spreading. NAV has fallen over 40% since mid February. Who's making decisions? Anyone?

......and further good news this morning

John
Not the virus I hope! Into hospital on St Patrick's Day

Beeshoney
The only positive comment on Tang I’ve read on this Board; I hope your faith in him is not only well founded but will bear fruition

That movement up to 12.50 didn't last long!
The corona virus should not have an effect on the SP surely?