We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Global Energy | LSE:GED | London | Ordinary Share | GB0031461949 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 14.00 | 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 | 14.00 | GBX |
Global Energy Development (GED) Share Charts1 Year Global Energy Development Chart |
|
1 Month Global Energy Development Chart |
Intraday Global Energy Development Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 01/4/2017 | 22:26 | *** Global Energy Development *** | 116 |
| 16/1/2017 | 23:36 | Global Energy Development - New Thread 2009 | 2,834 |
| 28/2/2012 | 22:16 | GLOBAL ENERGY DEVELOPMENT (GED): CHART AND DISCUSSION THREAD | 2,623 |
| 17/3/2009 | 16:48 | GED | 7 |
| 15/12/2006 | 20:15 | Global Energy, Harken Energy sub., now on AIM | 1,100 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 09/2/2017 10:41 by anangf The cash should have been returned to shareholders 2 years ago. To perpetuate their existence the directors originated a loan to a related party that has been physically settled via non productive assets. The share price does not seem to interest directors of this company. |
Posted at 09/2/2017 10:03 by eezymunny The issue novice62 is that the vessels have been bought from companies related to the GED directors.My reading is that, best case, these vessels are old, laid up, and will simply drain cash unless the oil price, and therefore offshore dev't, picks up a fair bit further. It looks like a great transfer of risk from related parties companies to GED. If the ships never get used profitably again GED's cash pile will gradually disappear as loans (for the vessels) are paid back to the related parties. I guess it might work out OK if these vessels can be put to work in the future but I really really struggle to think that this was the best use of GED's cash pile... |
Posted at 19/1/2017 18:01 by loverat Sadly this one probably is.Amazing isn't it? Some companies short of money manage to multibag in share price. This one, supposedly which has stacks of cash manages to be the first company I am aware of priced at a 80% discount to cash. How does that work? Must mean the management are thick - or corrupt? I guess most folk must be feeling that their cash is being used to buy out the bankrupt assets of a large shareholder. Even for AIM - a scandalous sequence of events. |
Posted at 19/1/2017 11:06 by alanrussell I sold out immediately on Monday's annoucement.Either the board are just doing whatever deals they can to keep the company staggering along or some might think, given the presentation of this deal, they are seeking to scare off the small shareholders. Either way I did not consider that this is a company I wanted to have my money in any longer. My real concern is that they de-list (why would a company with a £6m cap want a listing?) which will really hammer the share price and get rid of more shareholders. I lost 70% but sometimes you've just got to take the hit and move on. |
Posted at 18/1/2017 09:50 by loverat Wow - not popped in here for a while.It certainly says something when this company has got muliples of cash to the MC and the share price falls to this level. Tells me that the acquisition of assets was about the worst possible deal ever on this market. Either that or the deal has been misunderstood. I won't be reinvesting/trading in this - at least until things become clearer or the share price falls to a trading opportunity scenario. Looks terrible and almost as if the management are trying to wreck any value. |
Posted at 17/1/2017 08:57 by ghhghh My concern with this deal is that yes, oil will bounce but for long?As soon as GED get a charter they will have to invest significant amount getting the vessel back into service. Bound to be problems/unforeseen costs. How long the charter? To what extent will it cover these costs? I suspect these are short term charters. If they can charter out for 10 yrs then good deal!!! Then at the mercy of any oil price fall which will result in a pile of useless junk. Assume everyone voting against FWIW. The related parties have over 50% of total shares so should easily get 75% of actual vote. Also have you emailed GED? I have fwiw! |
Posted at 15/11/2016 21:08 by hugepants The concert party holds 65% of GED. I doubt its going to be in their best interests to screw over GED shareholders given they are the biggest!Getting 12% interest on a secured loan basis is not actually a bad deal. eg. Look what Bowleven have done with a big part of their cash over the last 12 months; squandered it on a mediocre gas project. I think the concert party must value the listing otherwise they could offer GED shareholders 35p a share and I'm sure most would accept just to escape. |
Posted at 30/8/2016 12:53 by anangf Returning cash to shareholders would be a massive boost for the share price (div or buy back stock). If I wanted to invest in a leveraged loan vehicle I would not have bought GED...and don't go on about the 12% coupon, why is the borrower paying that if it is not the market rate for the credit risk. |
Posted at 25/8/2016 19:04 by neo26 AnangfThat related party put for collateral their 9.3m shares in ged for lending them $10m. I don't mind this what's so ever, at the current price it is beyond uneconomical for small caps to make profit in oil sales. So this was good short term deal. On top of that we got $1m interest which covered our expenses for the year until the price of oil recovered. We should be getting that $10m back in mid sept. Even if they don't give the loan back their 9.3m shares in our company are erased and then ged only has 27m shares in issue, with then roughly £18m in the bank. This scenario will value share for cash value around 68p per share.. Still massively undervalued in this case. But if the money is returned the share price is still massively undervalued by the cash in bank. Win win both situations.... This scenario will also value the company around 73p per share. You do the maths.. This deal was not at all bad.. |
Posted at 23/8/2016 23:10 by neo26 reading up more, ged lent further 2m to everest, the loan guaranteed against everest 9.3m shares in GED. Total shares in ged are 31m.If everest dont pay back the $10m, their shares are cancelled in ged. Then at current share price mkt cap will be around 5.7m. With cash around $23.5m in bank the value of the company will be 3 times less than cash in bank. I hope everest dont pay back next month.... easy 3 bagger... At these levels this company is cheap, anyone else feel same.. :) |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
