Share Name Share Symbol Market Type Share ISIN Share Description
Global Energy Development LSE:GED London Ordinary Share GB0031461949 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 16.25p 16.00p 16.50p 16.25p 16.25p 16.25p 28,229.00 07:50:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.2 -18.1 -44.1 - 5.87

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Global Energy Development (GED) Discussions and Chat

Global Energy Development Forums and Chat

Date Time Title Posts
19/1/201718:01*** Global Energy Development ***104.00
16/1/201723:36Global Energy Development - New Thread 20092,834.00
28/2/201222:16GLOBAL ENERGY DEVELOPMENT (GED): CHART AND DISCUSSION THREAD2,623.00
17/3/200916:48GED7.00
15/12/200620:15Global Energy, Harken Energy sub., now on AIM1,100.00

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Global Energy Development (GED) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
23/01/2017 16:40:0916.005,000800.00O
23/01/2017 16:31:4516.0010,0001,600.00O
23/01/2017 16:28:5716.2050081.00O
23/01/2017 14:11:5815.5010,7221,661.91O
23/01/2017 08:01:4316.032,007321.62O
View all Global Energy Development trades in real-time

Global Energy Development (GED) Top Chat Posts

DateSubject
23/1/2017
08:20
Global Energy Development Daily Update: Global Energy Development is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker GED. The last closing price for Global Energy Development was 16.25p.
Global Energy Development has a 4 week average price of 21.53p and a 12 week average price of 22.98p.
The 1 year high share price is 37.50p while the 1 year low share price is currently 16.25p.
There are currently 36,107,180 shares in issue and the average daily traded volume is 487,132 shares. The market capitalisation of Global Energy Development is £5,867,416.75.
19/1/2017
18:01
loverat: Sadly this one probably is. Amazing isn't it? Some companies short of money manage to multibag in share price. This one, supposedly which has stacks of cash manages to be the first company I am aware of priced at a 80% discount to cash. How does that work? Must mean the management are thick - or corrupt? I guess most folk must be feeling that their cash is being used to buy out the bankrupt assets of a large shareholder. Even for AIM - a scandalous sequence of events.
19/1/2017
11:06
alanrussell: I sold out immediately on Monday's annoucement. Either the board are just doing whatever deals they can to keep the company staggering along or some might think, given the presentation of this deal, they are seeking to scare off the small shareholders. Either way I did not consider that this is a company I wanted to have my money in any longer. My real concern is that they de-list (why would a company with a £6m cap want a listing?) which will really hammer the share price and get rid of more shareholders. I lost 70% but sometimes you've just got to take the hit and move on.
18/1/2017
09:50
loverat: Wow - not popped in here for a while. It certainly says something when this company has got muliples of cash to the MC and the share price falls to this level. Tells me that the acquisition of assets was about the worst possible deal ever on this market. Either that or the deal has been misunderstood. I won't be reinvesting/trading in this - at least until things become clearer or the share price falls to a trading opportunity scenario. Looks terrible and almost as if the management are trying to wreck any value.
03/11/2016
20:50
hugepants: Good question. Someone posted a link to the 2 ships a while back. Anyone have it? I don't think they are rust-buckets per-se. And I'm not sure acquiring a couple of boats is going to do any harm to the share price given where its at just now.
30/8/2016
11:53
anangf: Returning cash to shareholders would be a massive boost for the share price (div or buy back stock). If I wanted to invest in a leveraged loan vehicle I would not have bought GED...and don't go on about the 12% coupon, why is the borrower paying that if it is not the market rate for the credit risk.
25/8/2016
19:48
anangf: Who knows what will happen to the share price if the loan defaults. I don't and nor do you. The best use for the cash is to give it back to shareholders. Any loan priced at 12 percent is risky
25/8/2016
18:35
anangf: The attractiveness of the deal is enhanced because we trade at such a low ptb, blame the board. I have done the maths, it is a bit of an anomaly that if they default and the shares are cancelled the share price COULD go up, but nothing to say price to book wont go even lower. I don't like related party trades. Give the cash back to shareholders.
22/8/2016
16:31
neo26: Note receivable $8,040 Cash and cash equivalents $25,608 Convert this this to pounds £25.5m, just in cash. Mkt cap currently 9.75m, share price currently discounted by 2.62 time by cash, this not including other assets ie machinery, property and equipment
28/7/2016
19:33
hugepants: Its notable the share price hasn't adjusted here for the strong dollar. Even allowing for some ongoing admin costs this mutt should still have 50p of cash and net working capital of over 60p. And if the $8M loan is repaid on schedule in september there will be well over 60p net cash. Current share price only 24p. Burn rate about 5p per annum?
20/8/2015
15:29
pavey ark: Bought a few of these recently for what seems the rather silly price of 29.5p (famous last words). I did look back at the previous posts and spent some time researching the company as I felt there must be a catch but couldn't find any (again,famous last words). GED came to my notice in the IC but I didn't pay much attention but the share price just kept on falling so I had a look. I was a bit worried that the management would "splash the cash" but Simon Thompson in the IC pointed out that we have a concert party here holding 69% of the shares and any deal would have to be cleared by them. I suspect that these holders are quite happy to see the share price fall and then use some of the cash to buy out the remaining 30% and take the company private. Provided the offer is at a good enough level they should do OK . An open offer to buy the shares back for 50p, obviously for a limited time, would do the trick. Buying in 10m shares at 50p would leave a lot of cash and the remaining oil assets. The senior management are certainly getting on and it looks like a time for a change. Its only been nine months since the asset sale and the oil market is in turmoil but it will be interesting to see what the H1 results bring. It certainly doesn't help the share price that the company is called Global Energy Development so in the current climate they may act soon if they are going to take it private. Take it private , take the remaining cash and wait for any uptick in the oil price then flog off the rest of the assets. Nice work if you can get it.
Global Energy Development share price data is direct from the London Stock Exchange
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