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Real-Time news about Gtl Resources (London Stock Exchange): 0 recent articles
|ljsquash: Caveat the two relavant parts are below - so paper work by 19 Nov(Or 28 days)- undue haste?
Implementation of the Scheme will be subject, inter alia, to the sanction of the Court and the approval of GTL Shareholders at the Meetings. The Scheme Document, setting out full details of the Scheme and the procedures to be followed by GTL Shareholders to approve the Scheme, together with the Form of Election and Forms of Proxy, are expected to be despatched to GTL Shareholders and, for information purposes only, to participants in the GTL Share Option Schemes, by 19 November 2011 and in any event within 28 days from the date of this announcement, unless otherwise agreed with the Panel.
If the Scheme does not become Effective by 30 April 2012, the Proposals will lapse except where the approval of GTL Shareholders at the Court Meeting and the General Meeting is obtained before this date, in which case the longstop date for the Proposals may be extended to such later date as Sinav and GTL may agree and, if appropriate, the Court may approve.|
|mesquida: Clunes100- No, you will not be invested in a much larger vehicle. The vehicle that is being used to facilitate the bid has been set up solely for that purpose. When you say that investors will only benefit if the rest of the portfolio is also a roaring success you make me think that somehow you have got the impression that a GTL shareholder who chooses to stay aboard is effectively going to be invested in a North Atlantic Investment Management unit trust, but this just is not so. GTL will continue just as before, the major shareholders may well be the same as before ( although Henderson/Gartmore have very carefully avoided telling us as to whether they are to remain invested in the unquoted vehicle or not ), and in short the only difference will be that there will not be a quotation. For those people who prefer to see a share price going up and down according to the whims of the market then this will be a major turn-off. But for investors who are more interested in looking beyond the quotation and concentrating instead on what the company really is worth then the unquoted option should be seen as a most welcome opportunity.|
|jammy00: thanks for the AGM note
any Americans in evidence - I wonder
what they think of the share price, and,
the UK quote??|
|caveat_emptor: What is the pe now?
I calculate the share price would have to move up to £1.40(analysts forecast)
to meet a PE of 6.5....?|
|caveat_emptor: You are right of course.....this business is a lot
smaller than most people think....and is by now a
relatively simple model, easily run, just like your
whiskey distillery down the road. The difficult bits
are the R&D ones...the major of which is OFF SITE.
They also have obviously two shrewd Irishmen, or second
geberation, who are close to the corn futures market,
so I doubt supply at the right price will ever be a problem.
Nowadays share price levels are all about paying down debt,
so that's the figure that interests me most in the forthcoming
I don't have any problem with projected profits....I think like
corn they are bursting with them......and ADM and PEIX have certainly
pointed the way....GPRE it seems to me is subsidising the cost
of NTR's solar farms....you'd need a JCB to get down deep enough
into their accounts.|
|caveat_emptor: Don't worry, this share has never traded consistently, comes from being listed
on AIM, completely unrelated to the retail USA shareholder.
The only certainty is that the SMART money is now on GTL,
given the size of the insider holdings, of institutional buyers
in particular, taking the total well past 80%.
Such is the elasticity of the demand and supply curve, the share price will
react with volatility downwards and upwards when low volumes apply.
When demand is gone, the price falls gradually to meet the level of stock
the mm's have acquired.
As soon as demand appears, the price rockets quickly back to it's
The mm's take their profits first and then you get to share some!!!|
|clunes100: For the purposes of this post I have rounded to the nearest 5 or 10m in £.
Last year 100m+ gllons produced (plus cattle feed).
Currently £25m market cap.
I can't remember if the Plant investment was 50m $ or £ each unit, we have two.
We know that this years production and margins are better, above expectation according to RNS.
Very roughly and being cautious:
10m profit at 15% return would value GTL at roughly 70m less debt 60m plus cash and plant at say 5m and 60m. Equals £75m
A £75m market cap should correlate to a £2.40ish share price based on 2010 results.
I have not sat down and done this properly, this is off the cuff top of the head numbers and being very cautious.
This year's result should be a lot better, higher margins, more profit, less debt, more production and there is still the insurance claim, I am not sure whether this has been settle with a pay out to GTL.
If you ran these rough figures on this year's likely results, a higher value for plant, more cash/less debt after a further 12 months of operation, the insurance pay out, say a 10 % return/vlauation, one could be looking at an share price from £2.40 to £7.50.
DYOR Posted to provoke discussion and comments, especially from anyone that has had time to model the figures properly.|
|svendid: Withe several hundred thousands of shares in the
E* industry in America...never tempted to buy EC based shares
other than GTL....
Nice to seethe recommittment taking place to
E by US Congress officials and Senators.....
Any public restatement by OBAMA of the committment
to E and it's new distribution ingfrastructure
across the USA and
we will see the restoration of the GTL share price among
|safc4ever: Cardiffian, I worked for them for 6 1/2 years as Project Controls manager and was part of a small team ( there was 3 of us)headed by the Projects director we had responsibilty for the development of potential projects. (budgets, schedule, permitting, EPC contracts and subcontracts)
One thing you have to remember is that GTL never had a large work force at its peak we only had 10 employees
I wasnt around when they where a mining company and my understanding is it was used as a vehicle to get GTL off the ground
Vietnam plant was to be a floating Methanol Plant. Main reason for it's lack of success was the fact no one had ever built a floating methanol plant before and therefore it would have prooved very difficult to raise the funding necessary to get it built. hence the move to a land based plant in Australia
Australia was so close to coming off we could taste it and all of the hard work we put in just disapeared overnight due to the grounds you mentioned earlier, although I did hear it was lost due to one man in the company screwing it up. I wont mention his name but it is not that long since he left the company.
Getting laid off from them was the best thing that ever happened to me as I now work in the states for a company who is looking to get into the biofuels market through mergers & acquisitions as well as building greenfield biofuels plants so I hope the market improves over the next year or so.
Anyway hope the GTL share price improves sometime in the future as my wife bought 3000 quids worth at 6p (before the consolidation) and she is from yorkshire and would like to get her money back.|
|safc4ever: The price of steel has increased dramatically since GTL started the building of the IRE plant. Stainless steel and copper specifically, plus the fact that the vendors who supply the equipment that is made from this steel are jumping on the Bio Fule band wagon. They have full order books and you have to pay top dollar just to get into the pipeline.
The company I currently work for are in the process of developing a bio Energy facility and with a start date at the beginnning of sept this year we are being quoted forward escalation costs of more than 10% of the material value.
The proposed GTL expansion of the IRE facility to a 100 mgpy ethanol plant will cost in the region of $100 million plus.
I doubt the shareholders will allow the board of GTL to raise the money to do the expansion through yet another dillution of the share price.
Even thought the plant is up and running making product as well as money the GTL share price continues to fall. The only conclusion I can come up with is the market has no faith in either the Bio Energy market future or the board of GTL.
GTL no longer have any one in the company with technical or project developement experience, having paid off the last person in the company with this type of experience in May of this year.|
Gtl Resources share price data is direct from the London Stock Exchange