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Real-Time news about Garner (London Stock Exchange): 0 recent articles
|geoffsh: 4screws- Do some phoning around I phoned the house broker and spoke at length to a lady there who waffled on a bit but the main jist of her message seemed to be that it depended on the day that they come on the market post consolidation what the share price does. I also phoned the company and was told there was no one there at the timewho could help me but someone would call back later in the day. I was very surprised when during the evening Andrew Garner himself called, I had spoken to him in the past before, he was of the opinion that the share price would convert to an equivalent price but having seen that despite all the newspaper reports there has been little more buying I have come to the conclusion that buyers are waiting for the consolidation to happen so I have sold all mine and will jump back in post consoldation. Make some phone calls this is going to make a big difference to you.|
|geoffsh: 4screws - It is a complicated consolidation,what I am not sure about is, if 1.5p per share at the moment will be 45p a share, does that mean if the share price closed at 3p the day before the consoldation would they start trading at 90p the next day.I have phoned the company and am waiting for a reply, why not do the same?|
|barnetpeter: 5000 shares times current share price times 30 is, ahem, more than 30p! Tell you what. I will give you 40p for them!!!!|
No idea. Have not really been following it since i managed to claw back my money and some. Just thought that at this share price that it may well be worth another punt. Seeing the issue with Crown liabilities and raising additional fundsing has put me off.
If you are still holding Good Luck... thought the last acquisition could have been the tipping point...if economy starts to improve and recruitment picks up you might well do okay.|
|4screws: seems very strange that we had a spike in may at nearly 4.75p..when today we have lost HALF THAT VALUE, IN SHARE PRICE, I WOULD NOT CALL THAT PROMISING AT ALL.|
I will not get into any further dialogue with you.You have trawled back to 1 comment I made and you make a silly comment I am a ramper of this stock and should have a warning against my name.
I will make my position clear as I have followed this stock for some time.
1,I have the utmost regard for the way Andrew Garner has persevered with
this business when he could easily have walked away.However I believe he made a mistake in reversing into Upton and Southern when he should have taken a clean listing.
2, The Board has worked diligently in turning this business around and given the investment they have also put into it they obviously think it is worth it.
3, The Preference share deal had to be done to move the business forward. At the current share price I think this will prove to be a good deal for both parties.
4, In the market that we are currently experiencing raising nearly 3/4 of a million pound without having to issue a share placing to the general public I think speaks volumes for what the key people are trying to do, ie Directors and staff
5,Norman Broadbent is a major brand in this sector which I believe will enhance Garners profile -it already looks like they have a communications director albeit not on the board
6,They have done a deal which will not flood the market of stock.The freefloat will be relatively small within the 70 million shares
I think it is a well structured deal although they still have to pay down 5.3 million.If the recent statements are correct that conditions have improved in the sector coupled with the groups growth plans the cash generation could be considerable.If the group was to hit 1 million pretax and positive sentiment returns a p/e of 16-20 would not be unrealistic.The current value would then lend it self to considerable upside.Hopefully we might see a brokers note out.|
|jaknife: Hi elscalderes,
Call me whatever names you like but the facts are that, whereas you were moronically ramping it (eg:
"assume the total business to be worth circa 5-6 million.Take off the creditors minus the debtors and that should value the rest at approximately 2.5 million The share price should be around 6.5.That is a conservative value.Agree ?"
), I was telling the story accurately.
People like you are a danger to other investors. There should be a warning next to your username.
Not sure which school of accounting you went to. Then again I have not come across many pump and dump exponents that have a clear understanding of accounts. They usually buy on a whim or momentum and then think that blowing hot or cold air at it will either move the share price up or down.
The prefs are owed money which should have been paid hence they are accounted under current liability, (debt maturing within the year).
No mention of prefs in GAR because the maturity date for the preferential shares has passed , ( may however get some explaination from the Notes to the accounts). In short GAR should have redeemed these years ago.>>>> And this is the source of the disagreement with the pref holders: Since the prefs has not been redeemed, the holders are demanding that it should still be accruing the yearly interest until paid. GAR is arguing that since the redemtion date for the prefs has passed, they do not have to pay any further interest except the previously acrued interest and the redemption value for the prefs. [Hence for the past few years according to GAR the prefs are no longer accruing interests, pref holders disagree ...this may eventually be settled in court when there is enough money to attempt to redeem the prefs]|
10th Sept you asked the question, "Why has the share price held up with all the sells?". The share price proceeded to plummet as I predicted it would, hitting 7p at one point.
You predicted someone could be stake building which today's announcement shows as correct - well done.
I've bought back in at 7.45p because the price will not now fall to the 5p-6p I was expecting. I said the worst case scenario could be 2.5p; Without this doubling of RS's holding we would have seen further slippage in the share price
One needs to adapt to changing circumstances. The name of the game is to buy low and sell high. I've called the recent highs and lows as my posts show.
At the same time I hope I managed to save at least a few people from being sucked in by unsubstantiated claims of 20p and 30p based on the H1 results.
So, as I said earlier today (and for which someone took a pop at me) I am happy with my strategy. My record is pretty good if I do say so myself.
My opinion now, for what it is worth, is that a Take Over will add substantial value to the share price Doesn't take a genius to work out...
No doubt someone will decide to take issue with me, but, what the heck, it always puts a smile on my face to see people wasting their time :o)|
|sniffer333: yeah right stuie.... LOL
You were warned:
sniffer333 - 28 Aug'07 - 09:57 - 953 of 1199 edit
we might see gravity take over today...take care.
sniffer333 - 28 Aug'07 - 10:21 - 958 of 1199 edit
I respect your opinion, but, I trust my instinct. This has gone up v.v.fast...
sniffer333 - 28 Aug'07 - 14:46 - 966 of 1199 edit
I would say word has got around sufficiently and that the expected good news to be released on 6th sept is now in the share price. Whilst we can expect a lot of the recent gain to be retained I would see some slippage from the recent high. Whether we settle at 8p I am not sure...I'll give my take on that when I see the actuals.
sniffer333 - 29 Aug'07 - 08:17 - 967 of 1199 edit
looks like we are starting to pull back a bit...
sniffer333 - 29 Aug'07 - 14:06 - 971 of 1199 edit
sniffer333 - 30 Aug'07 - 11:31 - 979 of 1199 edit
as I said yesterday - the peak has come and gone. I'll be buying more when the price has fallen to my target range. meanwhile I'm not encouraging anyone to pay for the mm's next fat cat bonus...
sniffer333 - 5 Sep'07 - 12:44 - 1037 of 1199 edit
Debt is 3.35m. Offer price of 11.25p values GAR at 4.27m. Each 1p added to the price adds 380k to GAR's valuation...
Each 1.14m of GAR's value equals 3p of the share price
A profit will be reported tomorrow. In a halfyear we can expect GAR to make a few hundred thousand - how much value does this add?
Be ready to jump...|
Garner share price data is direct from the London Stock Exchange