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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Gran Tierra Energy Inc. | LSE:GTE | London | Ordinary Share | COM STK USD0.001 (CDI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 547.50 | 0.00 | 08:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 545.00 | 550.00 | 547.50 | 547.50 | 547.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | USD 636.96M | USD -6.29M | USD -0.1950 | -41.69 | 262.16M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 547.50 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 19/4/2024 | 16:44 | UK RNS | Gran Tierra Energy Inc. Director/PDMR Shareholding |
| 19/4/2024 | 16:16 | UK RNS | Gran Tierra Energy Inc. Transaction in Own Shares |
| 15/4/2024 | 07:00 | UK RNS | Gran Tierra Energy Inc. Transaction in Own Shares |
| 08/4/2024 | 07:00 | UK RNS | Gran Tierra Energy Inc. Transaction in Own Shares |
| 04/4/2024 | 07:00 | UK RNS | Gran Tierra Energy Inc. Director/PDMR Shareholding |
| 03/4/2024 | 16:57 | UK RNS | Gran Tierra Energy Inc. Director/PDMR Shareholding |
| 02/4/2024 | 07:00 | UK RNS | Gran Tierra Energy Inc. Transaction in Own Shares |
| 22/3/2024 | 07:00 | UK RNS | Gran Tierra Energy Inc. Transaction in Own Shares |
| 21/3/2024 | 15:02 | UK RNS | Gran Tierra Energy Inc. AGM Statement |
| 19/3/2024 | 18:23 | UK RNS | Gran Tierra Energy Inc. Director/PDMR Shareholding |
Gran Tierra Energy (GTE) Share Charts1 Year Gran Tierra Energy Chart |
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1 Month Gran Tierra Energy Chart |
Intraday Gran Tierra Energy Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 14/12/2020 | 15:20 | Still time to look at Gran Tierra (GTE) | 4 |
| 14/10/2011 | 11:03 | Gas Turbine Efficiency | 2,834 |
| 22/3/2011 | 09:12 | MBO=THEFT OF OUR COMPANY | 5 |
| 28/11/2010 | 22:37 | Any +ve's??? | - |
| 03/3/2008 | 07:49 | Supercharged efficiency | 20 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 19/4/2024 09:20 by Gran Tierra Energy Daily Update Gran Tierra Energy Inc. is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker GTE. The last closing price for Gran Tierra Energy was 547.50p.Gran Tierra Energy currently has 32,246,501 shares in issue. The market capitalisation of Gran Tierra Energy is £262,164,053. Gran Tierra Energy has a price to earnings ratio (PE ratio) of -41.69. This morning GTE shares opened at 547.50p |
Posted at 26/10/2018 07:34 by danieldanj Key Date Approaching for Gran Tierra’s (GTE) Shareholders |
Posted at 14/10/2011 10:02 by wangwu >>Nobby,Thanks for your message. So we can only have a small amount of cash, no any new shares for GTE share holders? Wangwu |
Posted at 13/10/2011 12:59 by nobbygnome ThanksMy broker is now investigating to see what he can find out. I presume GTE shareholders will also hold some shares in the new entity as well as it is a merger. I will report back if/when he finds something! Nobby |
Posted at 18/3/2011 09:07 by minky65 from the london stock exchange website-Settlement as of 17/03/2011, at 5:45 p.m. Negative trading results for Gas Turbine Efficiency Plc as it declines -1.82%. The security opened on a par with the previous close, but then weakened as prices faltered during the session. The analysis of Gas Turbine Efficiency Plc's share price on a weekly basis highlights its bullish trend line, as it outperforms the benchmark. Thus the share is attracting more interest from the market than the index. Status and Trend Analysis Gas Turbine Efficiency Plc's medium-term scenario corroborates its negative trend. However, an analysis of the short-term chart gives a first indication that the bears are on the way out, with the share price rising towards first resistance in the 1.542 area. Support is at 1.092. Further positive moves would support the case for a new high in the 1.992 area. Risk Analysis With a daily volatility of 16.01 the Gas Turbine Efficiency Plc share has primarily caught the attention of risk-loving investors. Trading opportunities should primarily be sought in a short-term perspective, as the intraday volume of 2,563,502 is below the volume moving average of 3,902,160 for the last month. lets see if they are right. |
Posted at 10/3/2011 13:01 by ukmassy RNS out. Gas Turbine Efficiency plc ("GTE" or "the Company") Statement re Share Price Movement Further to recent share price movement, the Company announces that there have been no new developments since the Company announced on 1 March 2011 that it had entered into a restructuring agreement with its principal loan note holders. Following the announcement, a circular was posted to shareholders setting out, amongst other things, the reasons for the restructuring and the reasons why the Directors consider this to be in the best interests of the Company, and its stakeholders as a whole, and why they are unanimously recommending that shareholders vote in favour of the resolutions to be proposed at the General Meeting to be held on 18 March 2011. As stated in the announcement of 1 March 2011, if the proposed restructuring is completed, with a strengthened balance sheet, the Board believes the Company will be able to continue to explore strategic options including a sale of the Group while continuing to develop its business and operations. |
Posted at 10/3/2011 11:14 by hardie1961 gdasinv2 - 10 Mar'11 - 10:44 - 2645 of 2647 10p a min BID xxxxxxxxxxxxxxxxxxxx RE GTE GTE GTE Beware of gdasinv 2 He is P&D all over the place This co is going to be delisted in a few days time and you will have severe difficulty in trying to offload your shares. Mugs still buying GTE at 1.7p. They are complete mugs who have been duped by rubbish posted on the BB. GTE is a clear sell. Forget about the 10p bid gdasniv2 talks about. It is sheer fantasy. Only mugs are paying 1.7p for GTE. Watch the lemmings head for the exit shortly |
Posted at 09/3/2011 17:25 by p@ Read before you buy!Proposed recapitalisation Share this article TIDMGTE RNS Number : 2567B Gas Turbine Efficiency PLC 15 February 2011 15 February 2011 Gas Turbine Efficiency PLC ("GTE" or the "Company") Proposed recapitalisation Further to the announcement made on 31 December 2010, the Company announces today that it has entered into a non-binding term sheet with the holders of the majority of the outstanding A, B and C loan notes (the "Loan Notes") with regard to a proposed recapitalisation of the Company by the conversion of the Loan Notes into convertible preference shares of GBP1.00 each in the capital of the Company (the "Preference Shares"). As a result, the Loan Notes will no longer become due and repayable on 15 February 2011. The proposal is subject to certain conditions, including the signing of definitive documents and shareholder approval. The effect of the proposal will be that the holders of the Preference Shares will, when added to the ordinary shares that they currently own, initially have a total of approximately 80% of the voting rights in the Company. Under the proposal, the Loan Notes will be converted at a rate of one Preference Share for each GBP1.00 of the accrued principal and interest outstanding on the Loan Notes. The Preference Shares will initially have a 1.62x liquidation preference so that, on any share sale, business sale disposal (or other return of capital), equity issue (resulting in a change of control), liquidation or winding up of the Company (together an "Exit"), holders of the Preference Shares will receive (in priority to holders of any other class of share) a return of GBP1.62 for every GBP1.00 Preference Share held. If there has been no Exit prior to the date falling six months from their issue, the liquidation preference on each Preference Share will increase to 1.87x on that sixth month date. Thereafter, the liquidation preference will increase by a further 0.31x on the first anniversary, the date falling eighteen months from issue and the two year anniversary of their issue so that, if there has been no Exit within two years of their issue, the Preference Shares will receive (in priority to holders of any other class of share) a return of GBP2.80 for every GBP1.00 Preference Share held. Every six months after the second anniversary of their issue, the liquidation preference on the Preference Shares will increase by a further 0.06x. On any Exit (within the first 6 months) the holders of the Preference Shares will initially retain approximately the first US$30 million. Shareholders should note that, should such Exit be below this figure, the holders of ordinary shares will receive nothing, with all proceeds going to satisfy the liquidation preference on the Preference Shares. The Preference Shares will also be convertible into the Company's ordinary shares at any time at the election of the holder of such Preference Shares (in respect of their own shareholding) or at the election of the holders of 70% or more of the Preference Shares (in respect of the entire class of Preference Shares). The conversion price at which Preference Shares will convert into ordinary shares will initially be GBP0.06 per share. This will reduce every six months by GBP0.005, with a floor of GBP0.002 (the par value of the Company's ordinary shares). In addition, holders of Preference Shares will be able to vote each Preference Share on an "as converted" basis. The effect of the proposal will be that the holders of Preference Shares will, when added to the ordinary shares that they currently own, initially have a total of approximately 80% of the voting rights in the Company. As the conversion price falls over time, this percentage will increase. The Company will also delist from AIM and re-register as a private limited company as part of the proposed recapitalisation. To this end, the Company has requested the London Stock Exchange (subject to shareholder approval) to cancel admission to trading on AIM of its ordinary shares on 22 March 2011. Further details of the proposed recapitalisation and delisting will be included in a circular to shareholders calling a general meeting to seek approval, amongst other things, of the recapitalisation and to consider a proposal to delist and cancel the admission to trading on AIM of the Company's ordinary shares. It is the Company's intention that, following delisting, a trading facility will be established so as to give people the ability to trade shares; further details of this facility will be included in the circular. It is anticipated that this circular will be posted to shareholders by the end of February 2011, when definitive documentation has been entered into by the Company and holders of certain of the Loan Notes. It is expected that the general meeting will be held during the week of 14 March 2011. The plan would, subject to shareholder approval, be to delist from the AIM market on 22 March 2011. It is anticipated that the Company would re-register as a private limited company at some time around the week of 11 April 2011. If the proposals are not approved by shareholders, or completion of the recapitalisation does not occur for any other reason, the Loan Notes will become repayable on 15 March 2011. All timings are subject to negotiation with the Company's principal Loan Note holders. For further details, please refer to the announcement made on 31 December 2010, which can be found on the Company's website at page: tefficiency.com/gte/ |
Posted at 02/1/2011 19:05 by yasx All (and especially 6kenny),I am surprised that you remained positive after the initial RNS on the 29th of Dec, but have now turned bearish. It would have made more sense if you remained bearish throughout, since there is not that much in the RNS dated the 31st that was not known on the 29th, save the introduction of the D Loan Notes. I do not claim to have an intimate understanding of what is likely to happen (or what has happened) at GTE, but I am bound to say, having briefly glanced over it, this has not been an efficient operation since listing. The cash burn is remarkably high for an outfit of this size, and they have consistently raised funds by one way or another, much to the chagrin of long term holders. So what is all the fuss surrounding the latest news release? Well, it seems that the disposal will be approved at the meeting scheduled for the 17th of this month and then the existing loan notes (up to and including C) will be converted into equity (we do not know the terms but very likely to be favourable to loan note holders) and the D Loan note holders will be paid off from the proceeds of the sale. But then, even though the Loan notes up to and including C Notes were not to be repaid until late 2012, it was mentioned in the previous release that GTE intends to ''apply the proceeds from the Asset Sale in repayment of the Loan Notes. GTE, however, is in discussions with Loan Notes Holders about retaining the proceeds from the sale of the Assets''. But given that this would have left GTE without sufficient capital to function, I am surprised that plums on here are rambling on about the inevitable dilution. Shareholders were told that talks with a strategic partner had broken down, and thus, and assuming the terms are reasonable, it makes sense to swap the debt for equity. I am a little perplexed however as to why they have issued the D Loan notes, since if they expect the sale to complete, and for previous loan notes to be converted into equity (thus allowing the proceeds to be retained), then surely the imminent need for such an expensive form of financing is not necessary, especially since P & W are set to make a payment to GTE of $2.1m on 3 January 2011, in respect of 2010 fees due under the Business Collaboration Agreement which is now terminated as a result of the sale agreement. Surely alternative financing could have been arranged after sorting out the other issues, rather than engaging in this hideously expensive arrangment now - maybe it is the case that they have no funds to get them through such a short period. The asset sale acheived much more than might have been expected, generating some $17 million, of which $14 million will be due immediately upon completion, the rest deferred for a year or two. This sale is encouraging in the overall scheme of things, since this part of the business only contributed about 15% of total revenue. Having had a brief look, it seems one of the major problems for GTE has been the incredible cash burn - but they now insist that ''an extensive cost reduction programme is underway to lower the cost base and eventually generate free cash flow''. Of course we have no evidence yet that this will happen, but at least it indicates they are aware of the fact that costs need to reduced considerably. I note from the last set of results that they recorded a significant net loss and blamed this on substantial exceptional costs associated with negotiating an investment from a strategic investor, which in any event did not materialise. For a relatively small company, this did sound fairly outrageous to me. It all hinges now on the terms of the likely conversion of loan notes to equity . If the outcome is skewed in favour of the interests of the loan holders, it might be rather grim. I do have not enough of an idea about the Board of Directors to see how they will want to play it. I do agree that they ought to have released all the information in one single announcement on the 29th, since there was no reason that I can think of to delay it for another day or two. I have no real interest in GTE, but to me it appears that before the the asset sale was agreed, the company was looking at inevitable insolvency. With the asset sale they now have a lifeline. Thus, I cannot see how a holder who considered the shares a worthwhile investment a few weeks or months ago can now think it has suddenly all gone pear shaped. They now have a better chance that they had before. Quite how good a chance that is, is a matter for you to decide. Always undertake your own research. I have not looked at this in great detail, and these are my views only. |
Posted at 31/12/2010 12:33 by ravel morrison RNS Number : 8055Y Gas Turbine Efficiency PLC 31 December 2010 31 December, 2010 Gas Turbine Efficiency PLC Proposed sale of assets of the aviation business Circular to shareholders Further to the announcement made by GTE on 29 December 2010, a circular to shareholders has today been posted, including a notice of a General Meeting of the Company to be held at the offices of Bird & Bird LLP, 90 Fetter Lane, London EC4A 1PT at 11.00 a.m. on 17 January 2011 for the purpose of considering, and if thought fit, passing resolutions to: (1) approve the sale of assets in the aviation business of the Company; (2) provide the Directors with further authority to allot equity securities up to an aggregate nominal amount of GBP61,224.33; and (3) provide the Directors with authority to issue Ordinary Shares on a non pre-emptive basis to satisfy outstanding C Warrants and to allot equity securities up to an aggregate nominal amount of GBP20,408.11 on a non pre-emptive basis. It was announced on 29 December 2010 that under the terms of the existing Loan Notes, GTE is required to apply the proceeds from the Asset Sale in repayment of the Loan Notes and that it was in discussions with Loan Note Holders about retaining the proceeds from the Asset Sale. Generation and Zouk have entered into a new commitment to subscribe for the D Loan Notes. The proceeds from the issue of the D Loan Notes will be used to finance the Group's working capital. Accordingly, the Loan Note Holders have agreed that GTE may retain the proceeds of the Asset Sale (subject to repayment of the D Loan Notes) and to certain amendments to the Loan Notes. The D Loan Notes constitute US$5,750,000 notes of US$10 each; carrying a fixed interest rate of 20% p.a. and a commitment fee of US$750,000 (which is rolled up into the principal amount of the D Loan Notes). The D Loan Notes are repayable on 31 January 2011. However, if the Asset Sale proceeds to Completion, the Company will be required to repay the D Loan Notes within three business days from the receipt of the sale proceeds from the Asset Sale. In the event that the Asset Sale does not proceed to Completion, the Loan Notes and the D Loan Notes will become immediately due and repayable by GTE. GTE would not in such circumstances have sufficient cash resources to repay the Loan Notes or D Loan Notes and would need to seek alternative funding. There can be no guarantee that such funding could be obtained on acceptable terms or at all. If no such funding was obtained then the Company would be required to address insolvency issues which could lead to placing the Company into insolvent liquidation. Furthermore, in the event that the Company does not repay the D Loan Notes on the earlier of three business days from receipt of the Asset Sale proceeds or 31 January 2011 the Company will be required to pay a US$5m default fee to the holders of the D Loan Notes payable pro rata to the number of D Loan Notes held by each Loan Note Holder. GTE is currently in discussions with the Loan Note Holders regarding a possible recapitalisation of some or all of the Loan Notes into equity. Accordingly, the terms of the Loan Notes have been amended to bring their repayment date forward from 18 December 2012 to 15 February 2011. If, however, GTE and the Noteholders reach an agreement on a proposed recapitalisation of the Loan Notes on or before 15 February 2011, the Loan Notes will not become repayable until 15 March 2011. In the event GTE reaches agreement with the Loan Noteholders on a recapitalisation, GTE will have until 15 March 2011 to effect such recapitalisation (including obtaining necessary Shareholder approval). If GTE cannot reach agreement with the Loan Note Holders by 15 February 2011 the Loan Notes will become immediately due and repayable on 15 February 2011. In the event agreement is reached with the Loan Note Holders by 15 February 2011 and such recapitalisation is not implemented by 15 March 2011, then the Loan Notes will become immediately due and repayable on 15 March 2011. In either case GTE will not have sufficient cash to repay the Loan Notes. In such a case, the Company would have to seek alternative funding. There can be no guarantee that such funding could be obtained on acceptable terms or at all. If no such funding was obtained the Company would be required to address insolvency issues which could lead to placing the Company into insolvent liquidation. The Loan Notes have also been amended to provide that a waiver consent fee equal to 20% of the principal amount of the Loan Notes will become payable to the Loan Notes Holders if the recapitalisation of the Loan Notes is not effected by 15 March 2010 (in which case such Loan Notes become immediately repayable) or there is a change of control of the Company prior to such recapitalisation being effected. Furthermore, in the event that there is a change of control of the Company prior to effecting a recapitalisation of the Loan Notes then additional interest of 10% p.a. will be payable by GTE on the Loan Notes from 31 December 2010 until such payment is made. The Loan Note Holders have also agreed to defer accrued interest due and payable on the Loan Notes due to be paid on 31 December 2010 until 31 January 2011. The terms of the Warrants have also been amended. The exercise price of the Warrants currently GBP0.10 per Ordinary Share has been amended so that in the event a recapitalisation of the Loan Notes is not effected (as described above) or there is a change of control of the Company prior to effecting such recapitalisation, the exercise price will be reduced to GBP0.002 per Ordinary Share. The D Loan Notes and the amendments to the Loan Notes are conditional upon certain conditions being satisfied. The Company will issue a separate announcement confirming when such conditions have been satisfied. The D Loan Notes entered into with Generation and Zouk constitute a related party transaction under the AIM Rules due to the fact that Generation and the Zouk are each substantial Shareholders. The proposed amendments to the A, B and C Loan Notes also constitute a related party transaction with Generation and Zouk for the same reason. The Directors consider, having consulted with Matrix (GTE's Nominated Adviser), that the terms of the D Loan Notes are fair and reasonable insofar as the Shareholders are concerned. In coming to their opinion, the Directors have had regard to a number of factors including the current financial position and existing funding of the Group. The Company has received irrevocable undertakings to vote in favour of the Resolutions from Generation and Zouk, who together hold 31,395,681 Ordinary Shares, representing approximately 30.77% of the Ordinary Shares in issue. Directors' intentions The Directors unanimously recommend that Shareholders vote in favour of all of the Resolutions at the General Meeting, as they themselves intend to do in relation to their own entire registered holdings of 442,663 Ordinary Shares representing, in aggregate, 0.43% of the Ordinary Shares in issue. A copy of the circular is available on the Company's website. For further information please contact: Gas Turbine Efficiency plc John Grant, Executive Chairman Tel: +44 (0) 7768 465042 |
Posted at 29/12/2010 19:36 by knowing Growth KennyStrategy update -- Following the sale of the assets of the aviation business, GTE will continue to focus on investments and resources for the development and commercialisation of performance enhancing solutions for gas turbines in the power generation and oil & gas sectors -- GTE's cost structure will be re-focused on sustainable profitable growth of these core product lines; an extensive cost reduction programme is underway to lower the cost base and eventually generate free cash flow -- GTE will also continue to build its aftermarket service capability in the repairs and combustion tuning areas, where it has leveraged its technical depth - resulting in two major longer term service agreements with leading power generation companies -- The outage service team which joined GTE in mid-2009 will leave GTE and return to its previous employer, where the core business focus is on-site labour/outage services as opposed to technology solutions at GTE. In 2010, this team generated approximately US$6.3 million in revenue and US$1.5 million in gross margin. GTE will continue to evaluate the most appropriate mix of aftermarket services and alliances in 2011, consistent with its focus on core growth -- Effective 4 February 2011, Thomas Wagner, GTE's Chief Technology Officer will be retiring and will be offered the role as technology advisor to GTE's Board of Directors. We would like to thank Tom for his past contributions to the GTE team -- GTE continues to explore options for new long term investment from existing or appropriate strategic investors, or through strategic partnerships |
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