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Some really good point there GFD.
Turnout was surprising.
Seafox are still adding. They could well keep on adding. we won't know. They can in effect shake the tree on this share without informing us? or keep buying in on the sly and on the cheap to increase their stake?are you sure on reporting isn't compulsory when whole parentage points in a holding is crossed isn't correct ? I might have to spend a weekend looking for that!
Renegotiation of lending before the financial year end would be a big bonus. true enough.
I would not site 32pps. nor 18pps. as a target I think low 30's to mid 40's is a stable range. with contracts there to utilise the ships and make a profit (just)
Everything has be stable again tho!
Commiserations to both NeD not elected.
What time are you expecting to get home tonight HEDHAMMER?

Think its hitting a bit of resistance on the way down at 30p triggering buys.
The BoD absolutely threw the kitchen sink at it earlier.
About 2 weeks ago.
waiting for it to get to low 20's.
I will buy in at 19p.....

Don know if this will copy and paste well but here goes.

The results of the poll taken on Resolutions 3 and 4, as proposed by Seafox, are set out below:

Resolutions

For

%

Against1

%

Withheld2

Total lodged3


3. THAT Abdullah Mazrui, having consented to act, be appointed as a non-executive director of the Company with effect from the end of the Requisitioned General Meeting.

115,677,205

43.67

149,232,218

56.33

39,425,215

304,334,638


4. THAT Hisham Halbouny, having consented to act, be appointed as a non-executive director of the Company with effect from the end of the Requisitioned General Meeting.

102,024,677

33.52

202,305,426

66.48

4,535

304,334,638


The Board is pleased to announce that Resolutions 3 and 4 were rejected by the Company's shareholders. The Board thanks the Company's shareholders for their consideration of these matters and for their participation in the Requisitioned General Meeting. The Board will continue to review the Company's operations and will provide further detail of the plan to reposition the Company and optimise its future prospects in due course.

Went really off topic in the last few posts.
Nothing to do with GMS, I apologise.
Hope youve had lunch Ned.
Glad you felt the confident enough in the lie of the land to add a top up. (perhaps not the best phrase to use with marine vessels).
In time it will look value I am sure.
Is it a long trip home?

dead right.
that why I said sometime the rns releases are or can be over days to try and counter the sp crash coming.
but yes 4 rns with good news at 7am or 8am and its sometimes too much to take in looks a mess on the london stock exchange site and its name doesn't stick in your mind when thinking back.
Your right. buying in this morning and definitely selling before 330 pm is the only thing to do there.
if it makes more money tomorrow be happy with a profit today.
there is shorting on the way back down.
but over the last week its the volatile share most have gone for.
flybe and red emperor were volatiles of the past month or so.
its a different outlook. different risk. different timescale..
some days seeing that could happen at market open I cant resist not put a message in.
there are some where real value exists. that's the difference.

I would think its only likely to build from here.

yes posted on widecells today just before open.
looked positive news.
also clever timing of further rns releasing good news. its not all at once.
all at once can often flood the early market. it doesn't get time to change its mind on a positive turn around.
staged release with an hour or two (or day or two) after the market open can often lead to more sustained momentum and less panic buying.
dont laugh. seeing few positive rns though the day or a few days apart is a much about changing market sentiment and changing the minds and advertising to investors as it is about informing good news.......
is that what you were hoping I would look at and answer? if not I dont know what you want.

Also bi thanks for news on the Chairman replacement.
A few weeks away is news indeed.
As I said over the weekend, its the kind of news that (WITHOUT A CHAIRMAN) can often make even real positives like long term contract confirmations have little effect on the sp.

Sterling work NED honestly.
Interesting Seafox would not answer questions about proposed savings.
Makes you wonder if its just a figure plucked from the air or a genuine observation of efficiency changes and calculation to arrive at that figure of 30% cost in daily opex?

I know.
there is so much value in this its silly.

doubt it will stay at this price long.

absolutely true.
knowing how the market reads good news (and when and how its delivered) is as important as having some.

As a concept of a restraint for a large party who dont all like the same food and keeping everyone happy.
Brilliant.
Expanding into oriental didn't seem to work.
Problem now is keeping investors as happy as the customers.....this is about the passion the people that run it diving it forward. And perhaps overspending into too much choice. The only run the wildwood version now.
Eating out isn't cheap, but I think a takeover would take away the passion of the people running it.
It just need time to recover and people to eat out.
Perhaps people not spending because of brexit might have an impact....

there are a few share that are hard to work out why they are so low.
it is a case of holding and waiting. even if it goes down some the others see the value and buy in.
I think sometimes there are buyer that discover a share and see value but there opportunistic.
they will only buy in in a price dip! buy low sell high I suppose!

very true comment.
need funds....and coming up to the new financial year?
could be a sell off to pay a tax bill.

I THINK THE SAME.
oops caps.
strong buy.
hold for a while.
double or triple your money.
its a bargain.
jump in you wont regret it. you just might have to hold for a while. dont get sweaty palms.

only other question isdoes seafox intend to acquire more shares to reach 25% at a8pps or is it withdrawing the offer.
they probably have looking at earlier rns but trying to clarify

thank you ned.

my concern is 30% reduction in operating expenditure is from cutting maintenance

off the top of my heed I think it was 13.5%
or 17.5%
might even be 13.45%
they had aimed for 25%