Member Info for TimmyTradeface

I'm ok with the current movement, I'm making profit from the fluctuations until the next significant rise. I think this will remain such until some good news arrives. Possibly the earning report on monday? That might actually lower the sp as it's the earning while the company were going through their worst phase and people might actually see that as a reflection of the company's current state (disregarding the recent happenings e.g the China deal and Spanish grant). Might go up though; who knows?

Only buys today. That's fine by me...

This week got off to such a great start. Its a shame it had to crash back down to earth.

I suppose the thing is is that I'm not invested in the 220 million turnover GMS, I'm invested in the present day GMS and I'd rather it was safe in the harbour during the storm. I want them to sort their debt out and recover with the market; they may not get back to the soaring heights of yesteryear but at least they would still be able to operate and hopefully grow again in time. I suppose another problem is there is no guarantee of a buyer if the whole sector is in the same boat and on the rocks. Apologies for all naval idioms.

Have the company considered selling any vessels at any point? Obviously it would reduce their profitability in the long term but it would help with the debt, which I think is a much more pressing matter at the moment. There presumably won't be a long term if they can't get it sorted.

I've just been studying that. Any idea of a time scale between the 'communication of intention to grant a patent' and the actually granting itself?

A few last minute small sales destroy the days progress despite the £60k of buys at 9.2. The stock exchange can be so frustrating sometimes haha

Depends what time scale you are looking at. Short term this will might jump up and down more, long term I believe this is a good investment; that's my personal view, I'm not advising you in any way,

I'm holding as well, though I might take a slice for some lobster and champagne as a little treat...

Nasdaq green at the moment. I want to have to chase them up, not meet them halfway haha

I assume arbitrage is still not possible, surely anyone with any sense would sell on the Nasdaq for more.

The day got off to such a great start, flirting with 9p then this sell fest came along...

Does anyone know the number and size of vessels not currently in use, and could they announce a new contract at any time or is there usually a particular time of year for that?

Gah one last sell there to virtually undo the whole days progress. Lets hope for some after hours buys.

Wonder why they are holding the ask down. Sodding market makers haha

I expected this to move up a bit more than this... it's going to be arbitrage city when Nasdaq opens...

I see. Thanks for explaining.

Let's hope they maintain their level (or better so increase) so we rise to them rather than they fall to our price. Good luck all, potentially exciting week ahead!

I don't fully understand day rates. Can they be changed by GMS at any time depending on factors? I originally thought a set amount was agreed on for the entire charter contract and that was that until the contract ended.

Does that mean we'll see the SP drop to 10p when this occurs? Someone will need to explain this one to me, I've not encountered an additional listing before.