Green & Smart Share Discussion Threads

[charterhouse3] 05/3/2008 15:16

This is more like it !!!

(much better than those dodgy banks and other blue chips !!)

;o)

[geovest] 04/2/2008 16:37

Charterhouse, I plan on doing just that, but at a slower pace as I don't want to chase it too high.

[charterhouse3] 04/2/2008 16:30

Geovest

You carry on !!!

;o)

[geovest] 04/2/2008 16:22

Charterhouse,

The 600000 shares would have been an off-market deal between institutional holders and not yet shown as a trade.

I'm afraid that I am the guilty party causing most of the recent price rises. I've been building up a position over the last two weeks. The supply is so tight, that virtually every time I bought, the share price ticked up by about 10p.

The company is still very undervalued. Sooner or later the holding by Ian Scarr Hall will be resolved, either through placement with institutional investors , or a reccommended bid, which should be hugely beneficial to current shareholders.

[charterhouse3] 04/2/2008 15:29

An announcement from Goldman Sachs a few minutes ago.

The interesting bit:

The interest in 17,503,800 shares arose from an interest held by Goldman, Sachs
& Co., a wholly-wned direct subsidiary of GS Inc, acting as custodian for its
customers. These shares are, or will be, registered in the name of Goldman Sachs
Securities (Nominees), Limited.

The interest in 600,000 shares arose from an interest held by Goldman Sachs
International, a wholly-owned direct subsidiary of GS Inc, acting as
discretionary manager on behalf of a client. These shares are, or will be,
registered in the name of Goldman Sachs Securities (Nominees), Limited.

The 17 million odd shares are held on behalf of Ian Scarr Hall (as most of us know).

However GS have acquired 600,000 shares on behalf of a client - which may explain the relative strength of the last few days.

CH3

[courant] 22/1/2008 12:59

On other possibility is this: until a few days ago anyway, GSH was holding up very well and I for one have been eyeing up bargains where some shares have been indiscriminately hammered and considered (at least until the recent fall) selling some gsh to buy something else cheap. Maybe someone has done this - certainly volumes are low. Anyway, I'm happy to sit tight, GSH has a pretty economically insensitive business. If anything, a US recession may push up demand for efficient facilities and energy management.

Courant

[simon gordon] 22/1/2008 11:02

No, I have not shorted GSH.

In being de-rated I mean that the market is de-rating the share.

I will be tempted to buy GSH shares if it falls to the £3.50 area.

[cisk] 22/1/2008 10:54

Simon, have you shorted GSH by any chance? The market is falling like a stone and small caps in particular are being hammered. This is a very tightly held company, followed by very few analysts.

So a derating to me normally implies that an analyst somewhere has issued a sell note, saying for example a company is overvalued compared to its peers. This view is then acted upon in the market by institutions and private investors alike, resulting in trades in the company. There's been very little volume in GSH recently - so I'm sitting tight and holding.

Cisk

[simon gordon] 22/1/2008 10:01

This is more than a shake. GSH are being de-rated and relative to EAGA they could drop to £3.20 and maybe lower if this panic turns into a real crash.

[cisk] 18/1/2008 15:15

tiny volume would suggest mm tree shake?

[simon gordon] 18/1/2008 14:56

Are the dynamic duo staying put or are GSH being de-rated in catch up with peers?

If rated similar to EAGA the GSH share price would be c.£3.50

[simon gordon] 09/1/2008 14:01

FM World report - 10/1/08:

GSH Group has been awarded a three-year contract by Thames Water Utilities. The group will maintain all M&E services across the London and south-east portfolio, covering more than 2,000 sites.

Happy New Year!!!!

[courant] 22/12/2007 22:12

No, would like to have gone but have taken hols early this year.

BTW interesting interview here with Prof Michael Kelly at Cambridge where he talks a lot about the need for building energy management and retrofitting old buildings to meet carbon targets. Good for GSH, lots of work there!



Courant

[cisk] 19/12/2007 16:44

I wish I'd remembered that it was the AGM today. Did any regulars attend? And did anyone raise the question of IGH's holding being reduced?

Cisk

[simon gordon] 29/11/2007 15:24

FM World report that GSH have won two contracts:

~McArthurGlen - three year contract for M&E at their designer outlets.
~Royal College of Surgeons, Ireland - three year contract for full FM services.

The magazine also reports that a new head of HR has been appointed.

[henryatkin] 15/11/2007 12:06

Good morning all. I have only recently come across GSH. At first sight seems a cracking company....good website, good potential and good client list... share price not bad and a good time to enter a trade etc, etc.

Have read a couple of pages back on this thread and would appreciate it if one of you longtermers could give me a quick update into the liqidity/freefloat and boardroom issues. Thanks in advance.

[alter ego] 14/11/2007 22:55

I too hold shares and follow this stock. Like Simon, I feel the ISH shareholding is detrimental and await a large disposal before sinking any more of my hard earned into GSH. This company has good prospects but so long as it is effectively under one man's control, shareholders will get what they are given, not what they're entitled to.

[charterhouse3] 14/11/2007 11:48

Simon & Courant

Morning chaps - seems like it's still just us three (plus one or two others) interested in his little company !!

Simon - always interesting to get the contrarian view of things although, as you are well aware, I am of the opposite view.

I would suggest that, despite their sales, both Simons and Tennant still have a pretty big shareholding so I am not unduly worried. What intrigued me more was that an institution (or two) was keen to pick up stock at 487.5p at the moment.

Surely this can only be beneficial as GSH gets a wider audience in investment circles.

The market in general is in relative turmoil at the moment and for a little known Company to attract interest at the moment suggests there is a little bit more going on behind the scenes than the public are aware of.

GSH remains one of my core holdings and I am of the opinion it will be for quite a while.

CH3

[simon gordon] 14/11/2007 11:39

I do not think family firms are doomed to be unsuccessful!?

I just read the story and I interpret some negatives for GSH:

~Chairman leaving.
~New Chairman left JSG a mess.
~Nipper appointed to Board.
~Liquidity has not been delivered - see annual report.
~Dynamic-duo selling shares.

I hope GSH shares continue up, for my nephews penions.

I just think some of ISH's recent decision making is sub-standard. The way I read it, is that the Dynamic-duo have made GSH a great success and if ISH does not give them due respect and more freedom, shareholders could lose these two vital men. In my mind, ISH is not acting in the best interests of all shareholders. If the Dynamic-duo do leave we will have understood the reason.

I hope my concerns come to zilch - but it is better to always analyse the downside!!

Good fortune!

[courant] 14/11/2007 11:23

Simon,

I know we disagree on this aspect, but your line of reasoning implies that family controlled firms are doomed to be unsucessful. This is patently not the case even if we just look at the history of GSH, which has done very well for itself before becoming a plc. Let them get on with it, I say. You're either happy buying into a quasi-private company, or you're not. I don't see the overriding pressure for things to happen quickly here - if anything, the longer the large ISH holding reamins, the longer us private investors have to get stuck in before institutions become majorly involved.

Courant

[simon gordon] 14/11/2007 10:39

Hi CH3,

I struggle to see this move as a positive.

I would not be surprised to see the 'dynamic duo' move to another outfit where they will be more highly compensated and not have such sub-standard senior colleagues.

These two guys are real winners and I am sure many competitiors would like to employ them - who knows they could get a serious equity stake.

If the Board had formed in a more serious manner and ISH had moved GSH to become a fully fledged PLC I would not have considered this posible - but the actions of ISH and now the sale of shares, makes it look like that the plates are shifting.

[charterhouse3] 14/11/2007 10:19

So it transpires that Messrs Simons and Tennant sold 192,000 shares at 487.5p to meet institutional demand.

It's a pity that it wasn't ISH but the fact that one (or more) institution has been happy to buy shares at this time (with regards to the general market turbulence) is very positive.

The future is bright.

;o)

[cisk] 13/11/2007 17:19

CH3, according to my calculations it's 1.7% of the company gone through today; I can't remember what the free float is (I know it used to be 3%) so it could be S-H reducing his holding, or alternatively someone making a 40-odd pence per share profit from the placing in June @440p....

Cisk

[charterhouse3] 13/11/2007 15:54

Some extraordinarily large trades today (by the standards of GSH).

Hopefully Scarr-Hall has placed some more shares.

CH3

[simon gordon] 01/11/2007 11:11

It would be interesting to sit in on the first Board meeting with the new Chairman. As JSG goes into meltdown how do you think the winners in the boardroom will look at their new leader who is a loser. It just totally corrupts the mentality and culture of GSH. Jack Welch would laugh his rocks off at this appointment. I thought the Nipper's appointment was retrograde but the new Chairman is just a nuts move. Is ISH getting too giddy on the high altitudes of the Alps? Get him back to Britain for some good old fresh air and some straight thinking. He has gone cuckoo...