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GPRT Goldenport

1.225
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Goldenport LSE:GPRT London Ordinary Share MHY274991394 COM STK USD0.1 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.225 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.225 GBX

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Goldenport (GPRT) Discussions and Chat

Goldenport Forums and Chat

Date Time Title Posts
22/4/201616:57GOLDENPORT HOLDINGS389

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Posted at 17/3/2016 11:40 by mister md
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.
Posted at 27/11/2015 17:18 by bozzy_s
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.
Posted at 22/9/2015 10:44 by meijiman
Reading piece about big rise in the Baltic. should help the share price once the contracts are renewed post expiry.
Posted at 22/9/2015 10:22 by cjohn
Hi Charlie, the man from Panmure Gordon made the very same point as us in the conference call.

In that call, hopeful noises were made about the likely direction of the Baltic Dry, No one can guess the timing of any revival, obviously. I understand if the BDI gets into the low 1000s and stays there, GPRT will then stop bleeeding cash.
Posted at 21/6/2015 02:18 by charlie
Agree offer is clearly the Dragnis family trying to buy it. Ridiculous price.

Even if revised to a premium, now is not a good time in the cycle for the independent shareholders to sell.

I hope the institutions just refuse.
Posted at 20/6/2015 00:01 by eimuista
Obviously, this is a ridiculous offer!

There is no way that existing shareholders can accept an offer price of £1.20 per share.

We will await further communication from the company regarding the offer.
Posted at 19/6/2015 15:46 by meijiman
Yes NAV based on the last balance sheet is circa £10 per share based on cable at $1.6. But as Salpara points out these vessels can soar and decline in value very rapidly -a bit like the Baltic Index. The indicative offer is crazy low ball and I hope its gets short thrift from the board.
Salpara -the Board has to make any approach public.
Posted at 19/6/2015 15:09 by wjccghcc
callumross, can you check my NAV calculation?

From the finals - Total equity = $153,653,000

Number of shares in issue 9,361,964

Therefore NAV per share at $1.57 FX rate is £10.45 per share.

Yes, they will be loss making through 2016 but they're EBITDA +ve to the extent of $11.6mm which gives over 2x cover to their $5mm interest bill and with no debt due until 2017, there are only the covenants to worry about which they say they are in compliance with.

What am I missing?
Posted at 19/6/2015 13:51 by petty officer birdseye
Statement re share price movement, Offer at £1.20 per share!!!
I just bought in at £1.40 which if the takeover goes through represents an outstanding bit of business on my part. True to form as always :D
Seriously, I hope GPRT and the BOD don't succumb to a low ball offer like this.
Posted at 30/4/2015 12:04 by meijiman
Yes -its all a matter of time. If you did participate in the CC and can share any snippets.............
Goldenport share price data is direct from the London Stock Exchange

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