Member Info for MrBB

For a small company the liquidity levels here are very high,eg could buy up to 500k shares with a premium of a couple of p-so MMs must be holding large numbers & perhaps II s are continuing to reduce.It cannot just be PI s taking the slack out of the market.We need some positive news ahead of Interims next month to take our SP into the 40s & beyond.

Not much volume in CRU at the best of times & I suspect that it would have been tricky to sell a sizeable chunk & PI s in the mood to sell will have sold some of their more liquid stocks-which is what I have done over the last week or so.Prob is that you are left with a more illiquid portfolio but at least have a much larger % of cash to reinvest,at some point. I view CRU almost as a type of private equity holding & I will dispose of my shares when JG sells his-ie on a takeover.

CS-are you sure they are buys-could they be Ferster family sales?

£900k before expenses @ 15p.I am surprised that this was not done when the Neiman assets were acquired but perhaps JG wanted to be able to make a positive trading statement,which he could only realistic do after 3/4 months of the commencement of this year. My view is that this is positive in that if capital expenditure enables cost reductions our EPS should increase & we should now be fully funded as our business continues to grow

Have reduced further & there must be a chance that they want out completely,clearly resulting in an overhang until disposed of.Perhaps they dont approve of the bond issue?

I totally agree but there are still over 900mill shares not held by our major shareholders & volume still very low. Concerted buying pressure ,even at relatively low levels,is likely to result in a further tick up in our SP but news of the commencement of commercial production together with a firming of CU rates & the very very long awaited resource update would also help. I am keeping the faith but increasingly frustrated at the sound of silence regarding the resource update.While I am moaning, I would also like to see Alberto own more shares (excluding options) than you or I as his package exceeds E350k I do not subscribe to the view that he may not be able to afford it. Moan over.

Your points may well be valid although I believe you mean when Ennismore buy,our SP may re rate.Being short they have already sold

Good to see our SP tick up but what solid buying-200k volume is pathetic with over 3bill shares in issue

Almost complete-but will it make any difference to our SP?

Buys have substantially exceeded sells for about 3 days & yet the SP makes no progress,presumably meaning that MM s are aware of a continued overhang caused by a large holder trying to reduce their holding further.

Costis obviously has total belief in his business plan & wants as little dilution as possible ,primarily for himself but ultimately for all of us.Many Aim companies raise funds via regular placings & their SP suffer accordingly.If we believe in his ability to deliver on his long term plans then we should respect his desire to avoid what he considers to be unnecessary dilution.I would probably go for 50/50,ie Debt/Equity & issue some shares ,+ earn out shares,to vendors,assuming that the vendors of our targets are expected to stay on to help drive our business forward

Later this month should be accompanied by a first quarter update,which will hopefully be very positive & will confirm continued smooth production & delivery of crates together with rapid integration of the Neiman assets & ,hopefully,first sales from this new revenue stream-all under the umbrella of Haydock,making it cost effective & more fully utilised than it ever has been before

The Only Way is Up........Baby ...etc etc

As a holder of a large number of shares in GBO I appreciate the extremely detailed analysis & valuation @ 114p per share (based on DCF). However one point you did not mention is that with view to our one stop offering & superior technology,constraining our US growth due to lack of Market awareness of our brand,surely there remains the possibility that a US buyer will emerge,who have the US brand awareness but do not have our superior product & will therefore acquire us in order to expedite their growth in this sector.In the process I doubt whether Costis would accept 114p- unless he was to become CEO of the acquiror & we PI s were to be stitched up.

Disappointing to note that Inflection Point reduced their holding by 2.75mill shares,to under 3%,last Wednesday & pity to see 3 of our IIs reducing recently.Hopefully the shares sold have been picked up by other IIs whose holdings are below the disclosure threshold. Still long & optimistic.

with results,outlook and maintained Final divi

I cannot believe that yesterdays RNS was the stimulus for todays most welcome delayed reaction in our SP. Could there have been a leak regarding the resource upgrade or some other ,as yet not in the public domain ,news. Substantial increase in volume,mostly buys & seemingly buyers clamouring to pay 25% more than they could have paid last Monday. Lets hope that the rise holds & consolidates providing a new & much higher trading range.

Surely GIGANTIC contract Upenn ?

I take your point T3 but I think JG will do everything in his power to ensure that the divi is at least maintained,as we saw with the Interim which he could have justifiably shelved,to save £120k & cover much of the £200k bad debt. I assume that our current banking facilities are sufficient to cover any working capital required to fulfill our 2 crate contracts ( for £2.1mil) & to introduce our new product lines from our Neiman acquisition. also not clear yet whether JGs £200k loan has been repaid. For the first time in many years our prospects look excellent , CRU is increasingly diverse & we are no longer dependent on a dying industry for survival.

decent late reported trade from earlier today could be interesting?