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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| G.R.(Hldgs) | GRH | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 5.125 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 5.125 | 5.125 |
| Top Posts |
|---|
Posted at 02/6/2006 18:09 by ct98 They'd be silly to delist. Especially as they have all their shares after the "super" dividend. A shell, even with next to no cash is still worth over a million minimum. Its called enterprise value. |
Posted at 02/6/2006 10:04 by simontemplar tiredbroker_ Research indeed! You should try it since you are incorrect on a few counts!1)GRH opened yesterday with a mid price of 15p giving a market cap of £2.05m. 2)I said the share had risen 200% not that I had made a 200% profit. 3)I can assure you that I paid just slightly more than the opening offer price. 4)GRH had cash of £12,332,108 to be precise, debtors of £162,000 and stocks of £72,000. They also had investments of £1,254,183 and tangible assts of £873,606. 5)Your assesment presumes that the company will be wound up but this is not a formality. 6)I admitted to my former ignorance of the correct understanding of 'record date' but you have implied that I have concealed that fact.( Please see post 25 for clarification of this). I was fooling no one therefore and was honest in this regard so for you to state otherwise was misleading and cheap. |
Posted at 02/6/2006 09:06 by tiredoldbroker Simontemplar, no haughtiness on my part, and no 200% rise for you yesterday either, I'm afraid to say. A 200% rise would mean the price had trebled. You stated that you thought I was wrong about there being a difference between an xd date and a record date, and I put you right, Sorry if that puts your nose out of joint.Oh, and there are further fundamentals you maybe should have checked out. With about 13.17m ordinary shares in issue, the dividend of 72.1p per share they've just paid will cost about £9.49m, while at the time of the last figures, they had apparent cash of £12m, leaving them maybe £2.5m. But they also have Preference shares in issue, about £1.5m nominal as I recall, with a whopping 10.5% coupon (interest rate). In case you don't know, if they do decide to wind up the company, they have to pay off the Pref holders before the ordinary shareholders get anything else. If they are lucky, they may be able to pay them off at par (£1); if not, with such a high coupon, they may have to offer way over the £1 face value to get the Pref holders to accept repayment. At best, this leaves £1m for the ordinary shareholders. If they keep the company going, with or without a quote, the burden of paying the Pref dividend will make a big hole in what the remaining cash is worth. Now, even at 20p (and I suspect you paid a fair bit more than that for your shares), the Ordinary shares had a market value of £2.6m, at 40p that's a staggering £5.2m, which just doesn't look right compared to the cash they are entitled to. You can't just ignore the Preference shares, the holders rank ahead of the Ordinary shareholders in law and in any winding-up, and may even have the right to challenge any further moves by the company to pay out cash, if they feel it endangers the security of their investment. Meanwhile the ongoing businesses of G.R. - Morland sheepskins and some property dealing in the USA) made a half year loss of £190,000 on turnover of barely half a million. Simontemplar, you may choose to edit your earlier comments in an attempt to hide your original idea and intentions, but you are really only fooling yourself. A little research is often a good idea. |
Posted at 01/6/2006 20:54 by simontemplar It doesn't really make any difference. The stock was still tightly held and at least when I bought it was trading at a big discount to cash after having taken into account the dividend. |
Posted at 01/6/2006 20:47 by ntv sthate to disappoint you but you can sell as soon as a share is quoted xd .you do not have to wait for the record date to be entitled to receive the dividend some cash shells go to unbelievable premiums oto nett cash and others sit at discounts it just depends how the shareholders value a particular company |
Posted at 01/6/2006 15:56 by wiganer It does look most bizarre, especially when you compare it to the experience of other businesses that have done the special dividend thing, where normally if anything there is an overshoot of share price below difference between market cap and special divi. TGM being a good example. |
Posted at 31/5/2006 11:06 by tiredoldbroker simontemplar, I am a retired stockbroker, I do know what I am talking about. The XD Date is different from the Record Date. If you need convincing, click on the Financials button at the top of this page, for the data on GR Holdings; scroll down to the section headed "Dividends", and read across from the announcement dated 23 May to the column headed "Ex Date", where it will say 31 May. So from today onwards, you are buying the stock "Ex", (i.e.'without rights to') the special dividend to be paid on 30 June.That's not the definition of a punt. |
Posted at 31/5/2006 10:53 by tiredoldbroker simontemplar, do you mean you're not convinced that buying today means you won't get the dividend ? or that you're not convinced it won't end up being de-listed ? |
Posted at 31/5/2006 09:36 by double6 So - possibly de-listing - share price 85p previously - special dividend 71p - current share price = 39.35p - LOL! |
Posted at 31/5/2006 08:35 by encarter THIS CAN'T BE RIGHT? "The Board has pleasure in declaring a Special dividend, of 72.1p for the year ending 30 June 2006 on the ordinary shares of the company. This will be paid on 30 June 2006 to those shareholders on the Register of Members at close of business on 2 June 2006." It's only 31st May???????????????? and the price has bombed |
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