G.R.(Hldgs) Share Discussion Threads

[bozzy_s] 14/5/2009 15:23

I don't I'm afraid.

[double6] 14/5/2009 14:53

Do you have level 2 at all boz....

[bozzy_s] 14/5/2009 14:30

It would be risky I admit. And would need a lot of good luck and some motivated people to actually extract value from the company. And maybe there is the 'risk' of delisting. However in that event I'd imagine the next step would be to liquidate the company and pay out shareholders.

Let's see huh?

For the record I don't expect to sell my shares back onto the market, so MM quotes are not too important. I'm hoping for someone to come along and take the company over for 6p - 12p.

[8trade] 14/5/2009 14:17

bozzy.

Sometimes you have to accept that certain stocks no matter how good
they look are not a investment possibility because the mm's make it
impossible to do so, why take on a stock with one mm quoting 1.5-3p
and the other 1-5p, dont put more money in, you'll find it near on
impossible to sell size as they quote only 10k.

Stick with what you have and dont buy more, even if the stock rose
200% your profit would be tiny !

[bozzy_s] 14/5/2009 13:47

Might be worth pitching this to someone with a couple of hundred K to invest - they could turn £200k into £800k pretty quickly and easily.

[bozzy_s] 14/5/2009 13:46

I think it's you and me pal!

Happy to look to add 50k @ 3p in next few days if possible. That'll be my lot then given there hasn't been a blue day for 3 years.

[double6] 14/5/2009 13:03

Looked through all recent RNS etc... no news issued at all to warrant such a low share price IMHO.

Bear in mind they returned cash to all the preference shares holders in previous year - still sitting on £1.5mln (with 13 mln ordinary shares) - do your own calculation.

ANYONE any thoughts ??

[double6] 14/5/2009 12:28

(Cash burn only £15k per month).

All the preference shares have been redeemed (?)

Can anyone clarify why the company seems to be so undervalued ??

[double6] 14/5/2009 12:25

If they did......

[bozzy_s] 14/5/2009 12:21

Looks like there hasn't been a 'blue' day for 3 years with these!

Will value come through? Will someone pick up a holding and sort out a cash return to shareholders?

[double6] 14/5/2009 12:11

95% of shares tightly held.....only 600k circulating.

[double6] 14/5/2009 12:01

Presumably a large sell yet to show on the recent tick down.

Similar to CSS yesterday.

Am I missing something ??

[bozzy_s] 14/5/2009 11:11

Cash in the bank of 10p per share

[bozzy_s] 14/5/2009 10:55

DYOR naturally.

I've picked up a few as they seem undervalued vs net cash in the bank.


Mkt cap 13.1m shares x 2.5p = £327k



Net current assets @ 31/12/08 = £1,636k (nearly all cash)

Investment properties @ 31/12/08 = £756k

Plant and equipment / minus deferred income tax liabilities = £62k


Net assets @ 31/12/08 = £2,455k


Assume operating loss continues at c.£20k per month

Leaves net assets, approx, of £2,375k at 30/4/09 = 18p per share

[bozzy_s] 14/5/2009 10:54

Quick calc shows net cash of around 10x market cap

Sure it's a loss-making company, but investment property of 3x market cap too

[double6] 14/5/2009 10:48

Assets well in excess of current MC of £200k ??

[dally4] 05/6/2006 16:25

Why the big drop

[alia] 05/6/2006 11:59

yes get into titan

[wiganer] 05/6/2006 11:27

Looks like reality has now set in.

[Abuse team] 02/6/2006 20:15

Post removed by ADVFN

[jonwig] 02/6/2006 19:27

tiredoldbroker talks about the share, the company.
simontemplar talks about himself.

I'd rather read the former, though both seem to know their subject ...

[simontemplar] 02/6/2006 19:06

Tiredbroker-Wrong again! I said the midprice was 15p not that I bought at 15p but rather nearer the opening offer price of 20p. When I first posted on this thread it was to state that I wasn't sure about what you had said concerning the XD date. I never said that I disagreed with you. I would have very much appreciated being informed in a civil manner as to the precise date of entitlement and meaning of XD date versus the record date without the subsequent self lauding and jibes of 'small players getting it a bit wrong'. I did edit what I had said concerning my uncertainty of the date of entitlement but only after verifying what you had said. The fact that I removed my words of uncertainty obviously indicated that, after checking with what you had said, I concurred with your statement. I didn't post until long after I had initially traded because I don't see the need to post after every trade I make, it was only after I had a query that I did so. I traded because I saw a good trading opportunity and that proved to be the case.

[ct98] 02/6/2006 18:09

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.

[simontemplar] 02/6/2006 10:04

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.