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GYG Gyg Plc

30.00
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gyg Plc LSE:GYG London Ordinary Share GB00BZ4FM652 ORD GBP0.002
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 30.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
25.00 45.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 30.00 GBX

Gyg (GYG) Latest News

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Gyg (GYG) Discussions and Chat

Gyg Forums and Chat

Date Time Title Posts
02/8/202212:11***GYG ***153
31/1/200821:13Gyrus Group 2006291
18/7/200710:51Gyrus group.6
24/3/200620:47gyrus read this88
16/3/200511:17gryus read this-

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Gyg (GYG) Most Recent Trades

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Gyg (GYG) Top Chat Posts

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Posted at 04/5/2021 11:38 by ga_dti
Watch our exclusive interview with Remy Millott discussing final results for the year ended 31st December 2020:
Posted at 25/9/2020 09:52 by energeticbacker
Disappointing interim results but a record order book offers encouragement.

The order book stood at €53.8m at 22 September (2019: €43.6m), of which €20.6m is due for the current year.

GYG is certainly an unusual public company.

More on the Investor's Champion website.
Posted at 23/7/2020 10:20 by starpukka
cambridgedon, GYG has been a hidden gem for me. But that debt level must surely be a worry.
Posted at 29/1/2020 10:11 by mfhmfh
100p next stop?

From today's RNS:

results 'to be comfortably ahead of the board's previous expectations'.

'2019 was a transformational year for the Group in which excellent progress has been made in further strengthening the Order Book and improving forward visibility'

'The Group has continued to gain market share in the New Build sector...'

'The Refit market continues to improve...contributing to a record number of projects signed.'
Posted at 07/5/2019 08:55 by shiv1986
ADVFN is hosting an investor event for a firm within Industrial Transportation; Avation plc, on the 21st May to find out about their future prospects.

Sign up to attend this event:
Posted at 13/7/2018 15:33 by cambridgedon
Anyone got access to Share Profits? They have a piece on GYG citing imminent repayment of loan notes being a problem.

CD
Posted at 26/4/2018 08:11 by penpont
Simon Thompson of the IC updated his thoughts on GYG yesterday as follows:

Chief executive Remy Millott and finance director Gloria Fernandez of GYG (GYG:123p), the market leader in new-build and refit superyacht painting, were in upbeat mood during our results call.

The company listed its shares, at 100p, on Aim last summer when I suggested buying them (‘Floating a profitable passage’, 4 Jul 2017), attracted by the fact that the number of 40-metre-plus yachts has doubled to 2,000 in the past decade, and is predicted to grow by a further 14 per cent by 2020, according to industry analysts, buoyed by the steady growth in the number of billionaires. The boats are getting bigger too with the average GYG client owning a yacht 78m in length, and with an average painted surface of 3,500 sq metres.

That’s good news for the specialist companies catering for the maintenance of these huge ocean going vessels which require a major survey every five years to comply with certain class, maritime laws and insurance requirements. Indeed, GYG’s refit and new build revenues increased by 16 per cent to €53.7m (£47.1m) last year, and there was a useful contribution from its supply business which sold almost €9m worth of marine products and maintenance equipment through its retail and yacht supply divisions.

It hasn’t all been plain sailing though as last autumn’s unprecedented US hurricane season forced yacht owners to extend their Mediterranean sailing season before transferring their prized vessels to the Caribbean for the winter months which subdued business on the east Coast of the USA. However, no contracts were lost, one reason why I continued to rate the shares a buy at 123p at the time (‘Exploiting buying opportunities, 22 Nov 2017).

Importantly, the directors are comfortable with market expectations that GYG’s revenues can ramp up by 18 per cent to €74m this year to lift pre-tax profits by more than half to €8.6m and deliver EPS of 12.9p. These bullish forecasts seem justified as a record forward order book of €20.4m at the turn of the year has grown sharply since then, and is likely to continue to make waves buoyed by a pipeline of work now worth €375m and underpinned by GYG’s eye-catching historical conversion rate of 32 per cent.

Shareholders are being rewarded with a dividend per share of 3.2p, and analysts expect the payout to rise to 6.6p this year, covered almost two times by EPS estimates. Net debt of €6.7m is expected to be slashed by more than half in 2018, reflecting the fact that almost two thirds of forecast annual cash profits of £9.9m could be turned into free cash flow. Bolt-on acquisitions are being considered too.

Trading on 10 times forward earnings, and offering a 5 per cent plus prospective dividend yield, I maintain my 170p target price. Buy.
Posted at 18/4/2018 08:40 by robinnicolson
Zeus Capital:

"We are maintaining our forecast assumptions on the back of these results. We are encouraged by the growth in order book. GYG is well positioned for growth given its position on a number of fronts (refit new, supply etc).
Valuation – GYG plc trades on a 2018E P/E of 9.5x (falling to 7.7x in 2019E) and an EV/EBITDA of 5.9x (falling to 4.8x in 2018E), which we believe is compelling in the context of a >6% yield from 2018E. Our valuation is also supported by our DCF and intrinsic value analysis, which implies a valuation of €124.5m (£107.1m) if the strategy is executed successfully."

Incidentally there is an informative presentation on the company website:

hxxps://www.globalyachtinggroup.com/wp-content/uploads/GYG-Preliminary-Results-FY17-FINAL.pdf
Posted at 05/4/2018 08:35 by mrnumpty
I'm as demoralised as anyone else by the drop in the share price , and I have learnt to respect the comments made by " jonwig " , both here and on other sites( e.g. Burford Capital plc ) . However , according to the Hargreaves Lansdown site , there were four decent purchases yesterday ( 4/4/2018 ) , totalling 225,000 shares for £ 239,775 ( 11.08am 20,000 @ £ 1.05 ; 11.45am 50,000 @ £ 1.07 ; 12.12am 40,000 @ £ 1.07 ; 16.14 115,000 @ £ 1.06.5 ) . I am certainly aware that the figures on the Hargreaves site need to be looked at sceptically , as " buys " and " sells " are often reported wrongly . However , if this information is correct , then , given that the Market Cap is only £ 48.51 M , and that 82.82% of the shares are held by institutions or directors ( source : the company's " investors " section of its website ) , then these four purchases constitute a decent percentage of the Mkt Cap ( 0.49 % ) , or , more impressively , over 2.8% of the free float ( 17.18% not held by institutions or directors ) . Could this be a case of " very clever institutions " benefitting from the abrupt fall in the share price ? Only time will tell , but only a couple of weeks until the RNS . Do your own research .
Posted at 21/11/2017 08:35 by mrnumpty
Jonwig , after the recent fall in the share price , it is reassuring to see that you are still holding . Although you are no doubt not infallible , and we all have to make our own investment decisions , you have always seemed very well informed about Burford Capital ( which I have been holding since May 2015 ) and Kromek ( which I held , then sold prior to their share price drop ) . Regarding GYG , I had been concerned that the political situation in Catalonia might have impacted the shares but , for once , it wasn't politicians who were the cause , but the weather !
Gyg share price data is direct from the London Stock Exchange

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