Share Name Share Symbol Market Type Share ISIN Share Description
Georgia H LSE:GHG London Ordinary Share GB00BYSS4K11 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -5.00p -1.37% 360.00p 355.00p 365.00p - - - 0 16:35:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Health Care Equipment & Services 68.3 6.7 0.0 - 474.05

Georgia H Share Discussion Threads

Showing 301 to 324 of 325 messages
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
"Undistributed profits no longer subject to 15% tax after this yr." !!! Last qr: There are still many service gaps in Georgia which, as the largest provider of healthcare services in the country, GHG is focused on covering. Abs massive potential in this. j
dead board - incredible chart
Head Of Georgia Nat Bank appointed CEO - & buys shs. Even though it's going vertical - time to buy methinks… j
Aveso has only taken over part of GHG.....see below I am stiil hopeful that we might get something when the dust has cleared..... after all JH has a lot more to loose than me !! RNS Number:8018Z Avesco PLC 2 March 2001 AVESCO plc ('Avesco' or 'the Company') Acquisition of Gearhouse Midlands Avesco plc, the provider of specialist services to the corporate presentation, entertainment and broadcast markets, announces that it has acquired the business and certain assets of the Midlands and North division ('Gearhouse Midlands') of Gearhouse Group plc ('Gearhouse Group') from Gearhouse Group acting through its joint administrative receivers ('the Acquisition'). Avesco has acquired Gearhouse Midlands for a total consideration of #4 million in cash. The business and assets acquired include the operations in Birmingham, Manchester and Glasgow and at the NEC. The assets acquired are primarily goodwill, fixed assets and stock, and exclude trade debtors. Background to the Acquisition On 28 December 2000, trading in Gearhouse Group shares on the London Stock Exchange was suspended after Gearhouse Group announced that it would not be in a position to announce its preliminary results for the year ended 30 June 2000 by the time required by the Listing Rules. On 23 February 2001, Gearhouse announced that partners in Ernst and Young had been appointed as joint administrative receivers. Information on Gearhouse Midlands Gearhouse Midlands, based in Birmingham, supplies audio visual presentation and event production equipment for both rental and sale to the corporate and exhibition markets. It provides audio visual staging services for all aspects of the events industry, from corporate presentations and live entertainment events to exhibitions and trade shows. The relevant assets of Gearhouse Midlands being acquired had a net book value at 30 June 1999, the date to which the last audited accounts of the companies concerned were made up, of approximately#5.7 million. In the year ended 30 June 1999, the relevant companies representing Gearhouse Midlands reported profit before tax of approximately #1.5 million. Subsequent unaudited financial information of Gearhouse Midlands indicates a deterioration in trading results and a reduction in the net book value of the assets concerned. Reasons for and Benefits of the Acquisition Avesco believes that the Acquisition represents a significant opportunity for Avesco to extend its presence in the UK, in particular broadening its customer base in the exhibition sector. Avesco considers that the Acquisition will provide opportunities in the areas of customer cross selling and improved resource utilisation. Avesco believes that the Avesco and Gearhouse Midlands businesses together will provide a platform for further growth and consolidation opportunities in the Company's core markets. For further information: Avesco plc - Tel: 020 8974 1234 David Nicholson, Chief Executive David Brocksom, Finance Director Investec Henderson Crosthwaite - Tel: 0207 597 5970 Bruce Fireman, Managing Director of Corporate Finance
You can bet that if Avesco have parted with cash then they have taken anything of value (including the customer base and goodwill) and the rest is up for auction for best return to immediate creditors. Not many cmpanies make it back from Administration, especially not if they sell off the crown jewels during that period. Taimur
Avesco has taken over gearhouse today, I'm not holding out any hope of my gearhouse shares being worth anything. If anyone knows anything different I would be grateful. Thanks
blue moon
Yeah its very odd! I like so many others had alot of faith in Hemmings, his past surlely celebrates his good pick on stocks. What is even odder is that the RNS of the 23 Feb is not up any more! (check it out?) Was it all a nightmare! Did it never happen?
Administrative Receivers are appointed to run a company and give it some protection from claims from creditors. In theory, this can allow a company to trade out of its difficulties and then be handed back to the shareholders as a going concern. This does happen occasionally, but it is much more likely that the assets of a company would be sold off and eventually distributed to The Banks and Inland Revenue, then the trade creditors, then the shareholders. In practice, this means that trade creditors sometimes get a small amount back and shareholders get nothing. Optimist (not)
Appointment 23/02/2001 18:08:43 Gearhouse Group PLC23 February 2001 APPOINTMENT OF ADMINISTRATIVE RECEIVER The Company announces that Ernst and Young have today been appointed asAdministrative Receivers to Gearhouse Group PLC.END
Why would hemmings buy 13% of gearhouse only to see it go under,a very expensive move.I'm glad i've only lost a few hundred quid.
blue moon
Commiserations to all who lost money Thanks to my ever reliable source of info, I sold all mine for small loss of £100 day before suspension. Lady luck truly smiled on me that day.
money loser
Bad Shares worthless - money gone
RNS Number:4452Z Gearhouse Group PLC 23 February 2001 APPOINTMENT OF ADMINISTRATIVE RECEIVER The Company announces that Ernst and Young have today been appointed as Administrative Receivers to Gearhouse Group PLC. END Is this good or bad news ?
Rumours are rife of takeovers of either part or the whole group. Wait and see at the moment and no point in worrying as there is nothing anyone can do who holds the shares. Avesco has been mentioned as well as MBO's of parts of the group. Hopefully we will know this month - Feb 2001
anyone heard anything?should we worry?
Todays News New appointments and possible MBO's of certain parts of the business. Hopefully they are sorting things out:- Gearhouse Group PLC 17 January 2001 GEARHOUSE GROUP PLC Gearhouse Group today announced the appointment of David H Hargreaves FCA as Group Chief Executive. He replaces John Napier who previously occupied the position on a temporary basis. John will remain with the group to manage a number of projects. Gary Davis, Managing Director of Presentation Services Limited, has also resigned as a Director to lead a management buyout of certain parts of the Group. Gary will retain his executive responsibilities within the Group.
Found this on citywire Monday Paper Round Up Part 3 this morning. Positive signs :- GEARHOUSE GROUP's electronic billboards, on trial in Birmingham, expected to become common in UK over next two years
when do we think these shears will be up and running again?,or does no one have a clue
golden touch
News anyone?
Doesn't surprise me. Seems like a change of strategy since J.H. joined the board a few weeks ago. Of course, these things take time. A plan must have been initiated, but obviously they have not had time to complete before the results were due out. In that case, suspension must be the only way to go. I have a feeling it is a requirement if results are not submitted by the due date. Please correct me if I am wrong. I think this is a good sign. They are not under pressure, the price is static, and we can look forward to a positive announcement. GHG is not going bust. It would have gone down before now. Here is a quote from J.H. on Blakes Clothing which was a similar scenario and made him £700k from £15k. "Interestingly Blakes was the sort of stock that everyone saw as going bust. I initially had 4%, but started trickling out most of that at a small profit just before suspension. It was just after suspension that they rocketed (now that was a momentum stock)." Regards, Paul.
LONDON (AFX) - Gearhouse Group PLC shares have been temporarily suspended from trading on the London Stock Exchange after the company announced it is working with its bankers on a major debt rationalisation programme which may involve the disposal of parts of the group. The group will subsequently not be in a position to announce its preliminary results for the year to June before the end of this month as required by the Listing Rules. In a statement, the group said it has "received expressions of interest for certain subsidiaries that constitute a material part of the group's operations". Gearhouse shares have therefore been suspended from trading on the London Stock Exchange from 5.00 pm today at the request of the company. Gearhouse said it intends to have its shares restored once the results have been finalised and progress has been made on the debt reduction and rationalisation programme. The company announced in October that it was reviewing its financial structure and was in talks with its bankers over its banking arrangements and "the appropriate level of current facilities". mps/jkm/
GHG suspended.......but the company is going to get sorted one way or another....JH will protect his investment and things might move faster than we thought. RNS Number:4735W Gearhouse Group PLC 28 December 2000 Gearhouse Group plc The Board of Gearhouse Group plc ('Gearhouse' or the 'Group') announces that it will not be in a position to announce the Group's preliminary results for the year ended 30 June 2000 before the end of this month as required by the Listing Rules. On 19 October 2000, the Board announced that it was reviewing the Group's financial structure and that it was in discussions with its bankers about the banking arrangements and the appropriate level of current facilities. As a result of these ongoing discussions, the Board has embarked, with the support of the Company's bankers, upon a major working capital and debt rationalisation programme, which may involve the disposal of parts or part of the Group. The Board has received expressions of interest for certain subsidiaries that constitute a material part of the Group's operations. It is the Directors present intention to seek to have the shares of the Group restoredonce the results for the year ended 30 June 2000 have been finalised and progress has been made on the debt reduction and rationalisation programme. END
Results either tomorrow or friday then.
Merry Christmas ADIpaul Thinking of topping up. Shrewd investors 1) are bargain hunters 2) look for undervalued companies undergoing significant turnaround 3) invest in small cap companies (because fleas jump much higher than elephants) Mr Hemming knows what he is doing. Thats why he is so rich. GHG is currently valued at £5.8m Its turnover this year should be in the regions of £70m Because of discontinued operations and debt it will however report a loss this year If it goes back into profits the following year it should be valued back at previous market cap of £30m This puts its shareprice at 150p and above Still risky but upside is massive DYOR
money loser
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
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