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GFG Greatfleet

8.50
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Greatfleet Investors - GFG

Greatfleet Investors - GFG

Share Name Share Symbol Market Stock Type
Greatfleet GFG London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 8.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
8.50 8.50
more quote information »

Top Investor Posts

Top Posts
Posted at 09/5/2007 12:54 by callumross
thanks for that aim trader - hopefully will stir greater private investor interest in the stock, which I regard as significantly undervalued. Unfortunately, I won't be attending as I live in Aberdeen!
Posted at 22/3/2007 22:28 by callumross
the graph looks very promising gardenboy - we'll see if our long standing faith in the company is rewarded next thursday - have been toying with idea of adding more but my largest shareholding by far, mid states (MST)which was a cash shell but recently had a business reversed into it is also reporting and I am confident of great things from it next week so unsure quite what to do with my spare cash! May just top up with 20k in the morning. the placing shares may well dilute the EPS for this year a bit (I'm not sure)but on the positive side it takes a lot of the risk out of the business as the balance sheet wasn't the strongest (although now company is cashflow positive)so may make the company more attractive to investors with a resultant rerating in terms of prospective P/E. I suspect, though, that they are looking at a significant acquisition in 2007 and that this is the real reason for the fundraiding.
Posted at 12/3/2007 08:10 by gardenboy
institutions happy to pay 14p to boost the company,

Placing to raise #2.52 million

Greatfleet plc (AIM:GFG), the specialist recruitment company, announces that it
has conditionally raised #2.52 million (before expenses) by way of a placing of
18,000,000 new ordinary shares of 2p each (the "Placing Shares") at 14p per
Placing Share (the "Placing Price") with institutional and other investors (the
"Placing").

The net proceeds of the Placing will be used by the Company to:

* Strengthen the Company's balance sheet;

* For general working capital purposes;

* To grow the Company's legal recruitment business; and

* To take advantage of overseas opportunities, particularly in certain
emerging markets.

The Placing Shares, which will represent 24.2 per cent of the Company's issued
share capital immediately following the Placing, have been placed with
institutional and other investors by Noble & Company Limited at the Placing
Price which represents a discount of 8.2 per cent. to the mid-market closing
price of 15.25p on 9 March 2007.

Application will be made to the London Stock Exchange for the Placing Shares to
be admitted to trading on AIM ("Admission") and it is expected that Admission
will become effective and that dealings in the Placing Shares will commence at
8.00 a.m. on Friday, 16 March 2007.

The Placing is conditional, inter alia, upon Admission. The Placing Shares will,
when issued and fully paid, rank pari passu in all respects with the existing
ordinary shares of the Company.

Following completion of the Placing, Greatfleet will have 74,304,721 ordinary
shares in issue.

The Board also announces that, further to the announcement of 1 February 2007,
trading continues to be in line with its expectations and, in respect of the
current year, the Board is confident about the Company's prospects and the
markets in which it operates

Stuart Blake, Chief Executive Officer of Greatfleet, said: "We are extremely
happy with the institutional support for the Placing that will widen our current
shareholder base. The positive impact on the balance sheet and the increased
working capital will enable the Company to be more flexible when future
opportunities arise. I believe this Placing puts Greatfleet in a stronger
position to continue growing the Company."
Posted at 10/1/2007 11:36 by gardenboy
hmmm..... and someone grabs a few more

recent research added to header,
Posted at 11/11/2006 20:01 by gardenboy
ribton,

Hi - link below to some useful info on the turnaround going on in this company if you are interested,
Posted at 16/1/2006 15:28 by gardenboy
Greatfleet is a London-based international financial recruitment company and now comprises of seven brands after the recent acquisition of Johnstones Recruitment

Company website :

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