|Goldenport Holdings Inc
||COM STK USD0.1 (DI)
||EPS - Basic
||Market Cap (m)
Goldenport Share Discussion Threads
Showing 376 to 396 of 400 messages
|I'm still in I'm afraid but the value of my stake has dropped to the point where I didn't even see a 70% drop.Feel sorry for the people who bought in at £62.50 when it was floated.|
|Yes I'm afraid that Dragnis is about as trustworthy as a kebab salesman in Omonia Square. An utter disgrace.|
|Well that looks to be the end of that.|
|Fortunately I got out of here a long long time ago - but looking at the RNS it appears they are selling the ships to another family business at $1 each ! Surely this isn't as corrupt as it appears?!?
I'll give em $2 a boat ....!|
|I think 'sunk' might be an appropriate term....|
|Looking odd !|
|Looking Good !|
|extremely risky to invest (gamble) now though|
|rewind to 19 June 2015 - and that was felt to undervalue the company ...
The indicative offer price discussed was GBP(GBP) 1.20 in cash for each Company share and it is subject to the condition that the offer be recommended by the independent directors of the Company.|
|Invest in a company run by incompetent crooks.
What's the end game -nothing for shareholders? Any views?|
|"More specifically, the Company suspended the servicing of its debt on 22 January 2016 and
has been in ongoing negotiations with its lenders to restructure its loan facilities. One of the
options that the Company has been exploring is the sale of certain Vessels to the Dragnis
family (through LC1, LC2 and LC3, all of which are controlled by the Dragnis family),
subject to the novation of the Company's outstanding debt related to such Vessels.
|I wonder if the related party buying the vessels is the Frankie family.|
|"In the event that all three lenders grant a formal consent to novation of their respective
facilities and all the Vessels are sold, the Directors will seek Shareholder approval for the
dissolution of the Company".
So even at these levels not worth a punt|
|Yes but this lot aren't in tankers. They are in bulkers where the market is dire.|
|understatement of the year !|
|Doesn't look good today.|
|Why the massive drop,can understand that the sector at lowest point for 30 years, and only 9mill shares, and recent offer of 1.20p this could see a big bounce at some point,assuming the sector starts to show any improvement, any thoughts anyone?|
|Apologies, just noticed I made a mistake - I was using the ADVFN market cap figure.
It seems that's miles out (by a factor of 10). Approx 9 million shares in issue = approx market cap of £2.6m. Therefore it dropped by roughly £1.3m on £5000 of share sales.
At that valuation vs NAV, as has been noted above, these seem to represent decent risk v reward, especially given the recent rejected related-party takeover offer of 120p per share.|
|Yes spot on. Market makers trying to dissuade other sellers. Should have seen this coming.|