Member Info for pbody

extract.
The Board continues to consider that the resolutions 1 to 5 proposed by Seafox and the Ithmar Requisitionists are NOT in the best interests of the Company or its Shareholders as a whole. Accordingly, the Board unanimously recommend that Shareholders VOTE AGAINST all of the resolutions to be proposed at the Requisitioned General Meeting.

thanks for that.
The RNS stated the board would become unwieldy and unnecessarily expensive with additional board members.
The last time I had to vote the broker sent me a message and a tick box automatically.
But I wonder if that will happen? Ii have messaged them to be sure.
Nice to have clarity in the form of an RNS to clarify the situation and the progression with the Chair.
Best of luck holders.

I reckon although an earlier RNS stated around the same turnover as 2017 with the increased utilisation it should be around 130 to 140 up from 112..turnover,.just depends if the contracts catch the 2018 yearly. That was my theory on a profit just on a sliding scale from 112 to 190.
There must be some share holders who are long term holders with heavy investments waiting for the 18p brakes to come off and get it back to the 50p area.

think you might be best to hold for a year or 2 at this level.
too many want out a low values not get the best of it.

honestly they have already thrown the kitchen sink at it.
short of issuing a dividend or more director buy ins.....what is there?
takeover from Johnson and Johnson at 3 quid a share?
I am sticking to a buy in at 19p;;;;;;;;ooops .......

Agree completely. Total clarification and a good point by the BoD about SEAFOX , there lack of understanding and they also correctly suggest they should be voted against on all counts, their additions to the BoD will be non-additive. With increases in fleet utilisation this year (from 58% to 72%) and 6m in savings it should be enough (just) to tip into a profit with reduced port fees alone. Is there a way to vote by proxy as a visit is out of the question?
Good news too about the Banking syndicate.

tbh.
if you look closely the days where the ask is close to 17 the volume increases into the hundred thousands'
there are days where there are less than 10000 traded.
there is sweeping going on at under 18p......
and with less than 2 grand being traded some days........
does anyone have level 2 data on this?

best of luck.
I can see it jump back up a fair bit tomorrow or day after.
or maybe better to hold and wait for a proper return?

thanks for oilex, but I am being carful with the oil price as it is.
if you look prem oil took a big hit. if the price isn't near 70 to 80 it all gets shocked. sub 50 some cant make a profit and sub 35 none can
it is interesting to note you can run a petrol car on sour oil without refining tho........
at 35 a barrel if you can run a rols royce like that you could feel like jed clampitt on Beverly hillbillies tho!

there is quiz clothing that I cannot work out for the life ofme why that's so cheap?
have a look on that felib and see what you think?

I did forget serco and premier oil.
sry.

do you know what is to most funny thing with the sp on stocks?
sometimes things like it spiking to 20pps or dropping to 10pps and it not making sense could happen.
but that does appear to be the range at the moment.
my best advise is clear leisure, pdl, gwmo, tstr, gms and probably a bit risky FFI
but best of luck if you can get out and back in.
I doubt there will be a better offer. keeping something is a bit of a shock tbh. they could have wiped it out completely..

usually I would say this is looking good value but will it keep dropping?

the open offer assumes the final value of the firm as around 541,000,000.
now if you were to sell some or most of your shares you had at a profit and buy back in knowing the oo price of 19 shares at 15p odd per share to maximise your holding (assuming that you think 1/2 billion is still value and it will rise) then that would be sensible.
that is something I was trying to convey in an earlier post.
the directors would probably have like to do this but that would have been seen as insider dealing.
I doubt that they are going to get a better offer than 1/2 billion net worth the the moment.
all you need to do now is wait for a day of 20pps and sell and buy back.
it will at least gain you 1/3.
gl bill89

yes I think it will hover around the 18p mark a few pence either side tbh.
typo sorry board read boards (as in bulletin boards)P

There are other board mentioning debt for equity swaps.
This is probably nonsense looking at the makeup of the thing as GFD will probably agree. Islamic loans being more realistic here I would have hoped and thought given the size and stake of some the larger investors who would also think debt for equity a ludicrous proposition. Large buy-ins maybe.
There is the proper AGM usually late May as point in the Financial Calendar to look at.

tend to agree.
it might climb tomorrow or day after.
I think its cheap when you look at the bigger picture.

gl mazik
indeed director buys would.
I think there is another board appointment tho? that will also have big effect.

this is so low it might be worth holding.

Thanks for the offer of a drink! Would be good if I could.
I won't be able to make that meeting.
For the benefit of others where and when it is taking place?
I find it amazing the shock factors that led to the SP drop ( banking covenants possibly going to be breached, late contracts signing) have both been sorted and the SP can't rise. Mainly because of SEAFOX.

Refinancing will help the SP, however the SP will probably jump up when there is a new chairman.

You can't rush a replacement but the lack of one means peoples fears are translated into fear to buy......but one with experience in this field and/or its position who is able to guide GMS back to heady days from it's present slumber (in SP terms) will surely be welcomed.