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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Gable Hldgs | GAH | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.00 | 2.00 |
| Top Posts |
|---|
Posted at 13/8/2019 10:19 by garbetklb I hold Burford Capital - unfortunately!There's been a lot of commentary about their valuation of legal cases with a very wide range of views expressed. I've repeatedly thought of the comparison to insurance - where companies have long sought to assess the likely outcome of legal cases etc. It's a much longer established industry and the cases tend to be smaller & more numerous. But it's not dissimilar. Gable is a good example of how it can all go wrong........ To be clear - I am definitely NOT drawing any likeness between GAH & BUR. Merely pointing out that valuation of cases isn't a new problem. |
Posted at 22/11/2016 15:51 by thirdmanharry Useless & Toothless FCA Confirms formal death of AIM casino disaster story GablePublished 2 hours ago The FCA has put out a statement confirming that it is all over at Gable (GAH). William "piggy" Dewsall has made £15 million, but shareholders have lost everything and now it seems that policy holders will be screwed too. Gable issued statements while its shares traded that were simply not true but will there be any action against piggy or hapless Nomad Zeus? Whaddya think? The FCA confirms the worst: hxxp://www.shareprop SCANDAL: PWC lays bare the £60 million black hole at Gable and the massive regulatory failure on AIM Published 4 days ago PriceWaterhouseCcoop hxxp://www.shareprop |
Posted at 18/8/2016 08:37 by eezymunny Hmmm the ghastly rampfest continues here I see.Links to very old articles etc. Hang your heads in shame. There is very little equity left in GAH and they say "There remains significant uncertainty regarding the implementation of the Strategic Restructuring Plan and there is no guarantee that, following its implementation, the group will retain sufficient capital to enable it to support the proposed retained business. The Board has made good progress in its discussions with third parties regarding the implementation of the Strategic Restructuring Plan and on this basis, the Directors have a reasonable expectation that the Company will be able to continue in operational existence for the foreseeable future. Whilst our negotiations with third parties provide the basis for the Board's view on Going Concern, this forms insufficient evidence for the auditors to form an opinion on the Group accounts." ie whilst nobody knows exatcly what's going, GAH may be bust soon. Maybe not. Just so long as people are aware of that.... Beware the ghastly, mindless ramping - it's bordering on criminal IMVHO. |
Posted at 17/8/2016 21:57 by euclid5 That's old news - dated 18/10/2015seems some pi's here trying hard to fool other pi's into investing here by making out this is today's news - if it was GAH would rns this also but it's in Sequel's 18/10/2015 rns - simple just check the website link below Amazing the extremes people go to to make out this is today's news to keep up hooked in, without relaising the ral facts hxxps://sequel.com/s |
Posted at 17/8/2016 16:12 by maxmarilli All the sign are there for a blue day tomorrow...cleared sellers this morning,decent volume for 2 days and didn`t lose yesterday`s gain(unusual for gah)....tomorrow could be a good day again and rumors are circulating even more... |
Posted at 17/8/2016 15:41 by dice1950 GAH getting near 2m again today thats 4m in total and about 3.5m BUYS |
Posted at 15/7/2016 09:26 by garbetklb I read the RNS briefly - it doesn't seem to say anything constructive except idle waffle.I can't recall a company who stopped underwriting restarting - my guess is that GIAG is a dead duck. And i'd be very surprised if the reserves prove adequate. I suspect the authorities in Lichtenstein are in for a nasty surprise. Without a bit more digging (which I've not time for as I'm on hols with my kids), I don't know which policyholders are likely to be protected by which compensation schemes to what extent - in the event of GIAG failing. My 1st investment check is "Do I think the management are trustworthy & competent"; my 2nd check is "Is executive remuneration reasonable". For ME, GAH failed on both from the start. EVERYTHING about Gable screamed out "Red Flag" - domicile, classes of business, ragbag of business written in multiple territories, lack of insurance experience on the Board, lack of details of underwriting/claims staff on website, ludicrous executive remuneration - even WD's picture! Google WD Hogarth FSA - I find it hard to understand how someone competent could get involved in issuing unlicensed EL policies. And he refused to tell me when asked in person - "confidential agreement with FSA". If anything emerges, I suspect it will be around Hogarth - which is owned by? Not GAH but WD...... I'm v sorry for shareholders but I've tried, publicly & privately, to warn people of the problems emerging for a long time. |
Posted at 01/7/2016 14:36 by effortless cool Yes, I can predict the lotto numbers, but I will get them wrong. That is because the lotto is a random process with a tiny possibility of any individual predicting the correct outcome.If GAH reserves are booked at a true best estimate then the outcome for those might also be considered random, with the probability of a favourable outcome being somewhat over 50% and the probability of an unfavourable outcome being somewhat under 50%, the difference being due to the adverse skew of the underlying aggregate loss distribution. However, booked reserves are rarely a true best estimate; there is a range of reserve levels that could sensibly be said to represent a best estimate and companies that are doing well will tend to book figures towards the top of that range (thus increasing the likelihood of a favourable outcome), whilst companies that are doing badly will tend to book figures towards the bottom of that range (thus increasing the likelihood of an adverse outcome). GAH fall into the "companies doing badly" category. Given my knowledge of the sector and historical precedent, I believe that I can predict the outcome here with some degree of confidence. With regard to your comments on reserves, I believe you will find that you are confusing claims reserves (technical provisions) with capital reserves. They are, in fact, quite different. |
Posted at 30/6/2016 14:11 by the stinger Garbet, even though i'm out here at a big loss, see no future in GAH and rather pee'd off with WD,,, i don't see how you can state all the reserves are accounted for. You may/may not be correct however your guessing and seem to be a very disgruntled person with WD/GAH...for whatever reason?. |
Posted at 25/5/2016 23:41 by smelgys mum There is also an important consideration (if my understanding is correct) that I am going to express in layman's terms, rather than possibly the correct 'technical/financial |
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