Gartmore Grp Share Discussion Threads

[blueflex2] 10/11/2010 13:35

agreed with AndrewB, clients can withdraw their money but there might be some fee associated with withdral, admin fee...etc. It might change dramatically if clients queing up for immediate withdrawal, imagine Northern Rocks. However, if there are a few of bidders fighting for seize this, you would see share price going up from 110p.

[andrewbaker] 10/11/2010 12:13

Whatever happens to Gartmore, it will not happen at lower than 110p per share: the capitalised value of the ongoing charges on the amount of money managed supports a higher value than that, and the guess is how much will be withdrawn such that this value falls. Nobody can answer that, and it's pointless trying. My bet - and it is a gamble - is that the group of current shareholders who include the people left, leaving, and remaining in place, will work hard to retain funds such that the price when a takeover or re-privitisation happens, is a way north of 110p per share.

[hvs] 10/11/2010 11:48

lol !!!!

Landsdowne a fund manager must be licking its wounds.

Ah well , its ONLY OTHER PEOPLES MONEY.

Lets PARTY.

[billytkid2] 10/11/2010 11:42

I bought at the end of september at 110 and thought I has timed things perfectly. In the end I was delighted to have sold at break even yesterday. I think some sort of stock deal will be done with henderson giving a value sub £1.

[blueflex2] 10/11/2010 11:38

Lansdowne Partners Limited has increased their stakes in GRT recently

[blueflex2] 10/11/2010 11:35

envirovision, you can not deny the fact that there are many private equity firms are out there to take advantage of this mess to buy out GRT for cheap. Hence the price has supported at 100-110p. This share is not for widow and is higly speculative for a possible takeover.

[envirovision] 09/11/2010 20:19

Gasp at the takeover spiel still being posted here. Its kippered now, lets forget about a takeover imo.

When these funds are distressed, well you have to remember the "New Star" take over as a yard stick.

If I recall wasn't new star taken over by Henderson for 2 pence per share? I seem to recall New Star once trading around £5?

Look, this says it all really: effectively a distressed business ....

What to do if you own Gartmore funds:

The loss of so many managers is unprecedented, and if you own units in the funds affected you should consider your position. In the European space, our favourites this year include Invesco Perpetual European Equity and Jupiter European Special Situations. For a European focus within an absolute return structure, benefiting from a long/short investment strategy similar to the Gartmore European Absolute Return Fund, you may want to look at the Liontrust European Absolute Return, which boasts a strong management team.

What do to if you own Gartmore shares:

If you own the shares, which now trade at less than half the level they floated at last December, don't hold out for a takeover bid. Analysts are suggesting that any potential buyers for what is now effectively a distressed business will look to drive the price even lower before considering a deal. Sell up now.

[blueflex2] 09/11/2010 17:30

it is so hard to estimate what is actual value of this company. I see this is another Ponzi scheme! Despite the facts they are mess, they have huge amount of capital/fund from clients. Anyone knows what is the actual value for this company?

[hvs] 09/11/2010 16:49

LOL 1111

what premium ???

FOOL the PEOPLE TWICE ?

[andrewbaker] 09/11/2010 16:46

At the current price Gartmore is up for grabs, with several possible takeover bidders out there, and the price will be at a significant premium to what it is at the moment. This would give both remaining and departed employee shareholders a nice return for the mess that they've made. Maybe it might even go back to a private company again: a premium to buy back the shares would still leave a profit from the flotation proceeds, and it could even be sold on afterwards at an even higher price. Man, I see things happening here!

[hvs] 09/11/2010 13:21

lol !!!!

lol !!!!!

And PIGS will FLY they like a good MESS.

[andrewbaker] 09/11/2010 13:06

Gartmore is a mess, but the guys that made it are no doubt substantial shareholders: so, expect some deal sometime soon that takes them out at an appreciably higher price than rules now. And maybe, by some means, they are buying up shares at what is definitely a discounted price right now.

[hvs] 08/11/2010 17:25

Just like Liquid Kid said :

flushing more money down the toilet

But then again Does Golden Sacks have a magic wand ?

Funny that , an asset manager asking for advice on how to manage assets ?

But thats The CITY its ONLY OTHER PEOPLES MONEY.

Maybe they should bring in :

John Duffield, the chairman and founder of New Star Asset Management

[topliner] 08/11/2010 17:20

where you expect the share price to go gents tia

[diku] 08/11/2010 15:27

Obviously Goldman sees $ signs in their eyes...a one way bet!!...

[diku] 08/11/2010 15:24

Possible RSL...

[engineer66] 08/11/2010 15:02

A disgrace that makes me wonder what the directors have been playing at since the float. Dont deserve to remain independent. p/e very low but question is who might be likely to make a bid? Man plc?

[henley2] 08/11/2010 14:13

just wait til you see the size of the redemptions from the European long/short hedge funds!!

[diku] 08/11/2010 13:51

Reading between the lines...if a fund manager decides to quit then surely he/she should be replaced & the company moves forward.. instead they put it up for sale!!...I am beginning to think the company probably came on the market to be sold off at a higher premium in its early days of trading but it has backfired!...I think the Fund Manager in question has a sizeable stake in the company (stand to be corrected)...conflict of interest going on here...

[hvs] 08/11/2010 10:55

lol !!!!

Bet the CITY does not feel sorry for the jobs lost there.

As for GRT not bad if you can float at 220p for soemthing with a value of 55p today.

Not bad at all. They all desreve a very FAT BONUS.

[7rend7rader] 08/11/2010 10:41

HVS consider popping over to ROK to offer some words of wisdom to the poor perishing souls. Mismanagement at ROK of the highest order in recent months, it deserves one of your rants!

[mercury123] 08/11/2010 10:34

Well I was lucky enough to decide to take profits on Friday but at under £1 I think it's time to get back in - the share price is bound to bounce all over the place but it seems to me most of the bad news is now in the price

[simon gordon] 08/11/2010 10:16

Alphaville - 8/11/10:

Recent deals in the sector have been done at 11-12 times EBITDA, says Morgan Stanley. But distressed deals - and surely Gartmore fits into this category - have been done for as little as five. A deal at 5-8 times EBITDA (EBITDA downgraded by 20 per cent to account for today's news) would imply a value of between 55-100p says the broker.

And given November's redemption requests, the lower end of that range looks more likely.