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The GEMD bod do not want to be taken over, the directors have minimal holdings in the company so would not be of much financial gain, however if they continue as they are they can reap the benefits as they have done in the past. So it in my opinion it is a priority for them is to keep the cash at bank as low as possible to deter a possible takeover bid, if you look at accounts for the past 5 + years this would make sense, they will always have some sort of explanation why the cash in hand is not what would be expected. Hence the year on year low share price.Its a hard one to crack ?
The only thing i can say is the lower the share price goes the more likely a bid would be made for the company, After all the only hope for investors is a bid , as the GEMD board have no interest in rewarding shareholders year on year, just milking the company profits for themselves and their associates ?
Day after results, Value of shares sold =£66,000 against value of shares brought = £6,933, just goes to show the confidence investors have in the Gemd board, not at all surprising. I think some people might have more confidence in the latest Afghan government.
I would love to be optimistic about the results tomorrow but sadly i have been into gemd for a long time now, so would be very very surprised to see anything in the results that encourages investors, more likely to be discouraging, hence not much movement in the share price in the last few weeks. to sum it up, nothing new.
If a company shows no sign of the desire or ability to grow, and does not reward its investors compared with other companies then why on earth would anyone be interested, Apart from a possible takeover of coarse . Which i am starting to think a contract clause might be the blocker ??
For the BOD to say that the funds will be used for general corporate purposes , put into GEMD BOD translation this says once again that shareholders receive nothing but BOd will be rewarded in a round about way , this is typical behaviour of gemd BOD and is the reason for the unbelievably low share price year after year.
I would presume that these would be listed under inventories at current market prices, or possibly under other current assets, on the same current market prices, depending on the accountants directive, under instruction of Elphick of coarse.
Hi All, All the latest figures might look very encouraging at present but knowing GEMD when it comes to the results it will be mysteriously disappointing ,especially regarding to the cash in hand. Hence the low share price again and again. This is my personal opinion, others might disagree, especially if you are affiliated to the BOd of GEMD ?
Hi All, All the latest figures might look very encouraging at present but knowing GEMD when it comes to the results it will be mysteriously disappointing ,especially regarding to the cash in hand. Hence the low share price again and again. This is my personal opinion, others might disagree, especially if you are affiliated to the BOd of GEMD ?
Coloneldrake i am begging to think that you might possibly be an employee of gemd ? as you seem to be overly protective of them ? This posting forum is for posting opinions on companies and shares good and bad, and not for criticizing other posters opinions . As for their results as they made a good profit i would expect a reasonable percentage of that to be paid out as a div, so i was a bit disappointed with the amount of the div, they could easily afford to pay a circa 4 percent, and this would be a lift to the share price, as you can see the div announced has had little effect on the share price to date ? I wonder why?
Don't get me wrong I think I have the same agenda as most of the posters on this site, ie announcement of an up coming divi or good rise in the share price, lets see what happens tomorrow ? But if these fail to materialise then I will continue to bring it to the attention of shareholders that this bod will not give us either and need to be replaced in my opinion .As for negative posts this is a posting forum for good and bad posts not just for those parsing the company. Good luck to all for tomorrow .ow. .
My post regarding the up coming results is regards to them not returning a dividend to shareholders even though they have been making a profit for numerous years. I presume you are a shareholder that is happy not to get a dividend on your shares and a share price of £800 a few years ago to £0.52 today even though they have been making a profit and the bod reaping the rewards, you are happy with this ?