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GHE Gresham House Plc

1,100.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gresham House Plc LSE:GHE London Ordinary Share GB0003887287 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,100.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Gresham House Share Discussion Threads

Showing 526 to 549 of 725 messages
Chat Pages: 29  28  27  26  25  24  23  22  21  20  19  18  Older
DateSubjectAuthorDiscuss
08/10/2014
19:50
AIM admission document now out. The new strategy seems a tad odd ball. Illiquid investments and asset manager. Good team in place though, so expect the jury is out. Time will tell.
topvest
03/10/2014
19:39
Well announcement out. Reduced fundraise. Can't see why shareholders are being overlooked/ignored in this fundraising. Surely, it would have been equitable and worth the cost to have offered an "open offer" element. NOT what I would call good practice for an investment trust. Getting a bit irritated with the way they are conducting themselves here, to be honest!
topvest
02/10/2014
06:34
Yes, not very impressive that they can't meet their published timetable though. Would have thought an RNS is required to provide an update to the market.
topvest
01/10/2014
21:10
This has been planned for some time, well before the official announcement.

Barring further skeletons tumbling from Gresham's cupboard, I would be surprised if the deal is off totally.

Red tape, I'm guessing as the reason for the delay, and there's plenty of that around thesedays.

coolen
01/10/2014
20:19
Still no news. Then again, they haven't said it's off. Maybe imminent still.
topvest
01/10/2014
08:04
No announcement by this morning (although maybe they wouldn't need to?) but no documents received or any indication they're in the post.
redhill9
30/9/2014
19:10
Maybe not then. Second time they have missed their own timetable!
topvest
30/9/2014
10:07
Well we should get the update or prospectus later on today then!
topvest
30/9/2014
10:03
I'm still holding a few of these as I reckoned that if the restructure goes through OK there should be a bounce to the share price

On 28 August GHE said:

Progress is being made to implement the Proposals and it is anticipated that a circular containing details of the Proposals and an AIM admission document will be sent to shareholders by the end of September 2014.

No news so far, and share price is drifting lower so maybe holding on wasn't such a good idea.

redhill9
28/8/2014
10:36
Didn't like the interims - I'm out
alanji
28/8/2014
10:31
Results very dissapointing and with new investors to get a discount
its not worth holding especially as every time there is an RNS
asset value drops.

loobrush
28/8/2014
10:17
Yes, but who is going to be daft enough to take up their allocation
in the placing at £3 with the market price tanking!

callumross
28/8/2014
09:45
Disappointing interim results, but time to start looking to the
future with the expected placing at a tad below £3 in
September. Certainly, their property assets are not delivering the
sort of value hoped for! SpaceandPeople remains a question mark,
but hopefully worth a lot more than the current valuation. Interim
results due shortly, although I think it will take 6-12 months for
them to turn around the problems flagged. Anyway one to hold for
the longer term I think.

topvest
01/7/2014
05:25
Background information on the members of the proposed new board.

hxxp://www.theaic.co.uk/aic/news/citywire-news/svg-iimia-founders-plan-to-transform-trust-into-new-fund-group

Recent results commented on a substantial increase in the value of southern gateway due to a new let of 68,000 sq ft , which is about 18% of the property. Any thoughts on how much this might increase nav.

flyfisher
25/6/2014
20:29
Yes, the Branton Capital opportunity does look interesting. It sounds like this move has been on the cards for a while. You can understand why the MD left and sold his shares now.
topvest
25/6/2014
07:31
"The placing price for the Ordinary Shares will be derived by calculating a discount of 11.25% on the unaudited net asset value of the Company as at 30 June 2014, which shall be announced in the interim results of the Company for the six month period ended 30 June 2014. Shareholder approval will be required to implement the Placing, including to approve the price of the Placing at a discount to the Net Asset Value.

This capital will be used primarily as additional working and investment capital for the Company in accordance with the amended Investment Policy. The new funds may also be used to fund a possible buyback of Ordinary Shares following completion of the Proposals."

That buyback intimation suggests that the current share price is likely to be effectively underwritten up close to the placing price. Certainly 300p looks to be secure.

skyship
25/6/2014
07:09
Tony Dalwood is MD of Branton Capital, I wonder if the plan is to bring it in to GHE.
flyfisher
25/6/2014
06:55
Well topvest - you and maybe others proved right - an alternative to liquidation has been announced.

Depending upon the Final NAV the placing will be at c330p

skyship
25/6/2014
06:55
An interesting announcement today. That's why I invested here. Had a feeling that this vehicle was ripe for some new future and so it is turning out to be the case. Looks a reasonable way forward. It's a bit disappointing that there is no open offer, but the warrant issue is a gesture to keep investors happy. Looks a good new executive team and the new Chairman is well regarded. Gresham House one of the oldest companies listed in the UK survives!
topvest
01/5/2014
07:47
Persimmon deal announced.

The Board of Gresham House is pleased to announce that, on 29th April 2014, contracts were exchanged with Persimmon Homes Limited for the sale of 20 acres gross of the 28 acre site at Newton-le-Willows owned by the Company for £7.43m in cash, plus overage, conditional upon Persimmon obtaining satisfactory detailed planning permission. Outline planning consent for residential use has already been granted.

The sale proceeds are payable in four instalments over a period of 42 months from completion which is expected by September 2014.

Means the other 8 acres are presumably valued at about £4m then if the valuation in the accounts is in line with this.

topvest
29/4/2014
20:12
Yes, quite disappointing. There are two post year-end events though:
- downward revaluation of SAL;
- upward revaluation of Southern Gateway - talks about a "significant uplift" after letting.
They need to cut costs.
Still optimistic that there will be some form of transaction this year.

topvest
29/4/2014
09:55
SAL price fall not reflected in updated NAV aiui. Pretty dire reading. Ongoing costs not helping. Feel for you guys stuck in here.
horndean eagle
29/4/2014
08:06
Results can only be described as "dire". NAV down 15% over the year:

The net asset value per share has decreased in the year to 31 December 2013 to 378.5p per share from 445.1p per share at 31 December 2012 (405.1p as at 30 June 2013).

The report makes dismal reading with losses and increased costs everywhere - the only bright point seems to be the increase in value of Spaceandpeople during 2013, all of which was reversed post-results with the recent profit warning.

Realisation and distribution of value is again pushed into the future, with a vague comment about looking at options for earlier realisation (presumably by some form of block disposal).

SP currently quoted at 280/290p but I just tried to sell at 280p and couldn't.
At 280p for current holders, the NAV suggests a discount of 26%. However with no firm date for liquidation, no CEO in place, and losses continuing, the discount doesn't look at all attractive to me and I expect the share price to fall further.

redhill9
29/4/2014
07:43
best of luck
badtime
Chat Pages: 29  28  27  26  25  24  23  22  21  20  19  18  Older

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