Gen. Cap Share Discussion Threads

[wooly62] 22/6/2008 16:13

Thanks andrbea.

[andrbea] 22/6/2008 12:32

Tks for your reply wooly62
and best of luck with Tanfield
Solid company (I followed their fortunes during 2007, but not recently), will surely bounce back...

They have firm orders after all.

And a diverse portfolio is the best strategy, I agree

[wooly62] 22/6/2008 11:20

Andrbea - Fair post. I know nothing about Troy. Perhaps you should work out how much they received from their disposal and consider how significant a sum that is compared to their size. To be honest, I doubt this was a liquidity play (and it's appaling timing if it was) but you will have to make your own mind up about that. I'm in the fortunate position of not being a holder and have decided that there are enough negatives I'm not going to consider buying in for a long time (got too badly burnt buying into a rising Torex). If you are already aholder it's a different calculation - sell out and get current price or stay in and pray it doesn't collapse altogether. Only you can make that decision.

FWIW I bought into Tanfield a few months ago. Sadly (and perhaps inevitably once I bought in!) the price has fallen more than 50% since I bought, but I'm not selling as I believe in the fundamentals (their main product line is electric vehicles and they can sell vastly more than they can produce). Logic says the share price will bounce back at some point. Some would arguse I should buy more and average down, but that's a concept I don't believe in - every new investment should be considered about the various uses of that capital at that time. I don't believe in putting all my eggs in one basket and can't afford to risk a further decline, so for me enough is enough. You may see the current GENC price as an opportunity to average down, but it looks like a gamble to me. Good luck whatever you decide and DYOR.

[andrbea] 21/6/2008 07:43

grlz

take your points on board

A couple of points (in return):

When this thread started, the semi-bulls among us saw some upside. Surely oversold, we argued, in view of the low volume of sells (during the slide between 60p and 7p).

We didn't know then about Troy dumping (they dumped on June 18 but it didn't get reported till yesterday).

So it's easy to be wise after the event.

Admittedly, it doesn't look good for GENC, going forward.

One other point, or a last straw to cling to for the bulls

maybe Troy is a distressed seller?
Needed to liquidify (some) assets, pretty damn quick?

Then it's sale would be unconnected with Genc's survival, but more to do with Troy's own finances.

Is that so inoonceivable?

[8trader] 20/6/2008 23:15

Thank you Wooly.

I dont think this thread will get spammed on Monday now that he/she/it
has dumped and moved on.

Something really should be done about a select few parasite pump and dumpers
though, surely advfn can warn them off.

[wooly62] 20/6/2008 21:40

Off topic to some extent - did you see that Barclays almost pushed Land of Leather over the edge despite it being a profitable business with no particular concerns? Other than the general downturn and the obvious pressure on the furniture retailers, there was little justification in demanding £4.5M security to cover credit card deposits. Decent balance sheet and still the bank were prepared to bring them down. In this environment, we cannot assume GENC will receive ongoing bank support.

[wooly62] 20/6/2008 21:37

PT3 - I assume your comment re post 56 means you think I either want to keep the price down or have some sort of relationship with another poster - you are completely wrong and I think your "guidance" is equally misjudged.

I have not had time to review this all day as I have a day job! I am a PI who lost a shed load due to the TRX fraud and who has watched some other businesses fall from grace in spectacular fashion (most recently VAN which was capitalised at over £400M at one point).GENC has never had a brilliant reputation, but until the recent anouncements it was believed to be sound. IMHO it is now impossible to be so sure and it seems cavalier to encourage to people to invest unless you have inside information - and for me your comments lack credibility so I don't think that's the case. I might be missing an opportunity, but there are enough negatives here to prevent me from investing.

[wooly62] 20/6/2008 21:32

8Trader - Thank you on behalf of all the PI's who might, stupidly, follow the "wisdom" of the most blatant and appalling piece of ramping I have encountered on any bulletin board. Pretty obvious that anyone selling at 6.5p doesn't see this as a 10 bagger!

PT3 is a disgrace. His inability or unwillingness to comment on your questions is telling.

[wooly62] 20/6/2008 21:29

grlz - thank you for your reply last night and sensible comment.

[grlz] 20/6/2008 18:08

andbea - not like a pump & dumper to reply but to answer your question look back over the month and find this is virtually untraded - after TROY dumped their position the market is now awash with paper.

The spread has since gone completely against you, no wonder your posts are getting desperate - next week I suspect it will floor, diving to below 5 as the grim reality dawns that GENC have basically lost imho half their lending book on venture lending which given they forwarded booked interest and added their fees to said loans means any future impairments place this on shaky ground.

DYOR

[powertrader3] 20/6/2008 16:35

PICKED UP 2X25K PANR BEFORE CLOSE.

[powertrader3] 20/6/2008 16:33

GUYS PANR LIFT-OFF.VERY SOON.15 MILL SHARES IN ISSUE.NEARING TARGET DEPTH.DYOR.

[powertrader3] 20/6/2008 16:32

another up week.see you monday guys.beer time.

[8trader] 20/6/2008 16:31

grlz

Facts and recent news is not allowed on this thread, just all out ramping !

The p&d get upset when posters with unbiased opinions come along and it's
not what they want to see.

[pre] 20/6/2008 16:30

and what about all the other decent buys over the past few days....were they also idiots.....we'll the risk reward if fine for me, DYOR ETC ETC:-)))

[andrbea] 20/6/2008 16:28

1 question for you grlz

what's your opinion of that chap who purchased 375k of stock at the low point, a few days back
that's 24 grand

Was he an idiot?

[grlz] 20/6/2008 16:24

incorrect the market is awash with paper - can't u read the OFFICIAL RNS - TROY has dumped their entire holding!

[grlz] 20/6/2008 16:15

Troy has dumped, not a good sign. There is a chance GENC will be forced to pass the hat around for a placing to cover out any additional security requirements the bank may demand - no reason for the bank to relent as they already hold a charge over GENC's lending books.

High chance it could enter administration, can't see the director's risking liability to the debt mountain this company has run lending to worthless speculative ventures imho

Not a deramp, public domain costs £1 from companieshouse.gov.uk

tc DYOR

[safman] 20/6/2008 15:45

well, at least its a good thing he says "dyor"..

"dyor"..
"dyor"..
"dyor"..

saffy!!

[safman] 20/6/2008 15:37

lol..

saffy..

[8trader] 20/6/2008 15:36

LOL !

Classic !