||EPS - Basic
||Market Cap (m)
|Health Care Equipment & Services
Georgia H Share Discussion Threads
Showing 301 to 324 of 325 messages
|"Undistributed profits no longer subject to 15% tax after this yr." !!!
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.
|dead board - incredible chart|
|Head Of Georgia Nat Bank appointed CEO - & buys shs. Even though it's going vertical - time to buy methinks…
|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 !!
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
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
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.
|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.
|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.
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.|
|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.|
Shares worthless - money gone|
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.
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?|
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|
|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)."
|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
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
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".
|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.
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
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
|Results either tomorrow or friday then.|
|Merry Christmas ADIpaul
Thinking of topping up.
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