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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Gen. Cap | LSE:GENC | London | Ordinary Share | GB0002007580 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.75 | 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 | 0.75 | GBX |
Gen. Cap (GENC) Share Charts1 Year Gen. Cap Chart |
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1 Month Gen. Cap Chart |
Intraday Gen. Cap Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 22/10/2010 | 14:55 | Gencor Industries Inc | 1 |
| 01/7/2010 | 04:31 | GENC - buyers returning | 278 |
| 02/10/2008 | 14:49 | 2.5 MILL PAYMENT FROM HELIUS ENERGY/HGY | - |
| 06/8/2008 | 09:33 | BANKING COVENANTS NOT BREACHED. | 17 |
| 20/6/2008 | 16:24 | FORMAL LETTER SIGNED/DYOR | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 22/10/2010 14:55 by energyi Gencor Releases Third Quarter Fiscal 2010 Results FRIDAY, AUGUST 13, 2010 10:13 AM ORLANDO, Fla., Aug 13, 2010 (GlobeNewswire via COMTEX) -- Gencor Industries, Inc., (GENC) announced today that revenue for the quarter ended June 30, 2010 was $12.7 million compared to revenue of $11.7 million for the quarter ended June 30, 2009, an increase of 8.7%. Gross margins decreased to 11.9% for the quarter ended June 30, 2010 from 16.7% for the quarter ended June 30, 2009. Operating losses for the quarter ended June 30, 2010 were $1.5 million compared to $1.2 million of operating losses for the quarter ended June 30, 2009. The Company had a non-operating loss of $609,000 for the quarter ended June 30, 2010 compared to non-operating income of $271,000 for the quarter ended June 30, 2009. As a result, the Company had a net loss of $1.6 million (a negative $.16 per diluted share) for the quarter ended June 30, 2010, compared to a net loss of $728,000 (a negative $.08 per diluted share) for the quarter ended June 30, 2009. At June 30, 2010 the Company had $71.4 million of cash and marketable securities, an increase of $10.2 million over September 30, 2009. Net working capital was $88.5 million at June 30, 2010. The Company has no short term or long term debt. E.J. Elliott, Gencor's Chairman, stated, "That although revenues for the quarter just completed were up by 8.7%, the road and infrastructure industries continue to underperform due to lack of funding from both the federal as well as state governments. As a consequence, the few capital goods sales opportunities which arise are subjected to severe competition and lower margins. The modest increase in revenues for the quarter ended June 30, 2010 compared to the prior year is an indication that the U.S. road building industry continues to languish under the current economic conditions and the failure to reauthorize a much needed multi-year Highway Bill. Until such time when President Obama and Congress get serious about job creation and infrastructure funding, road building will continue to suffer. Therefore, the near-term outlook for our industry will continue to remain uncertain for the remainder of 2010." Mr. Elliott went on to say, "We continue to look at our cost structure, and have taken other actions to preserve our strong balance sheet. Our strategy is to continue to invest heavily in product engineering and development, which will allow us to maintain our position as the technology leader in our field and strengthen our market position when the industry recovers. We feel these will position us well for 2011 and beyond." Gencor Industries is a diversified heavy machinery manufacturer for the production of highway construction materials, synthetic fuels and environmental control machinery and equipment used in a variety of applications. /see: |
Posted at 13/9/2009 18:43 by casholaa Anybody heard anything at all about anything to do with genc? Whenever I phone them I get phobbed off. |
Posted at 06/4/2009 00:48 by casholaa Wooly, i think genc have 30 days to get a new broker or they get de-listed under the aim rules (dyor). I think they wanted to de-list to save money anyway. I have 50,000 reasons to see this company survive... I don't know what is happening with it though, for all I know it's completely stuffed. |
Posted at 16/3/2009 16:28 by wooly62 GRLZ - Thanks for your thoughts. We're basically in agreement here. I too am uncertain about DAV (don't have confidence in their model) and believe CTT is dead. My personal opinion is that PCF is better run and their figures are genuine (unlike CTT and GENC), but they too will face challenges as the whole sector is under pressure. I think their share price reflects that, but it's hard to know whether the next movement is north or south! |
Posted at 16/3/2009 16:17 by grlz Wooly - I wasn't having a go, just picking up on a detail you yourself posted.Today's RNS...in two words: Game over! We basically have been saying the same thing, although you thought last year there was a chance that it may go better than today's RNS sets out were as I have never been a fan given this was being pumped by wannabe rampers last June and nothing since has changed my view. I posted back in January, I thought it was heading for admin and how it's managed to stay out of receivership is amazing. I can only assume calling in £30+ million of loans probably worth zero is to unpalatable even for GENCs panel Banks at the moment. To be fair there is some background noise, like existing business being written and possible asset sales that could be made but as GENC tell it this won't translate into any shareholder value going forward and they are most likely delisting from AIM so those unlucky enough to be still holding are getting bent over anyway... imho in the current climate indebted quoted niche lenders like GENC are finished as there is nothing to build on and the foundations of sand are crumbling with their warehouse banking panels effectively calling the shots - CTT and DAV come to mind. Better to throw shrapnel at the majors like LLOY or BARC and hope for an upturn as when the cycle of good-times starts over once again it will be unencumbered new entrants who will getting loved up with the majors and writing business not indebted dogs like GENC. DYOR |
Posted at 04/2/2009 23:24 by wooly62 grlz - like other PI's, I listen to opinions of others and assess their merits. Most of us are not omniscient and welcome others views (isn't that the point of BB's), and whilst I have no specific knowledge of the company or its business (a fact which is important as I don't want anyone to make decisions in the wrongful belief I have inside information) I do understand the markets they operate in.Go back to my post 211 above "19 Sep'08 - 15:54 - 211 of 262 what makes you think GENC is worth supporting? I think you'll find there are more write downs to come on the investments and undoubtedly bad debts in the portfolio. I suspect that this will be bust within 6 months, but that's purely my personal opinion so DYOR." At the time the shares were well in excess of 5p. If my thoughts saved anyone money, I'm happy that I posted them. |
Posted at 04/2/2009 16:42 by wooly62 What an awful RNS last week. Nobody who wanted to do due diligence was prepared to make a bid at all and write-offs nearly half of carrying values. Ther's clearly little worth in the business, it's just a question of whether or not the bankers continue to support, which must be doubtful as the lease book is undoubtedly suffering too. I assume that the same management made the decision on who to lease to as who to invest in, so surely this can only be a very high risk investment. If I'd made the mistake of investing, I'd caash in at 1P per share as I think they'll be bust soon. Don't forget tehy changed the accounting date on day 365 of the year. Looks like a basket case to me, but please DYOR as I have no specific knowledge of the company or its business. |
Posted at 12/12/2008 13:19 by andrbea lots of AIM shares out there with high navs compared to current share pricelet's hope that genc is the first to relign ! (ucp, sam and mnr are three others that spring to mind) nia dyor |
Posted at 20/8/2008 15:27 by grlz andrbea problem is GENC really threw their lot in to "venture" lending and that gamble has gone spectacularly wrong. Basically they advanced funds to companies to bulk up their operations prior to seeking an IPO - on paper it looked great as GENC would enter at the start, money lent had some tangible and recognisable effect and GENC could reap a plentiful harvest when the customer listed - all achieving a better margin than plain vanilla lending...... The one problem - customers had to list at a decent multiple in order for GENC to exit the position. The trashed market conditions have essentially ruined the party and now the architects of GENCs strategy are jumping ship. The "impairments" are not merely technical balance sheet losses as you suggest as basically GENC borrowed "cash money" from it's panel banks to advance to "venture" customers who now have a limited ability to repay - worse the value of the positions is questionable as the customers themselves probably projected an IPO as a way to raise additional funds to progress forwards. Property lending isn't exactly a hot market and if you look at the book GENC runs, its nominal in size. Asset lending looks stronger but imho not enough to bail out the entire group Looks like it needs to recapitalise the balance sheet with a placing/issue or sell off assets/divisions to raise funds Risky punt imho |
Posted at 22/6/2008 11:20 by wooly62 Andrbea - Fair post. I know nothing about Troy. Perhaps you should work out how much they received from their disposal and consider how significant a sum that is compared to their size. To be honest, I doubt this was a liquidity play (and it's appaling timing if it was) but you will have to make your own mind up about that. I'm in the fortunate position of not being a holder and have decided that there are enough negatives I'm not going to consider buying in for a long time (got too badly burnt buying into a rising Torex). If you are already aholder it's a different calculation - sell out and get current price or stay in and pray it doesn't collapse altogether. Only you can make that decision.FWIW I bought into Tanfield a few months ago. Sadly (and perhaps inevitably once I bought in!) the price has fallen more than 50% since I bought, but I'm not selling as I believe in the fundamentals (their main product line is electric vehicles and they can sell vastly more than they can produce). Logic says the share price will bounce back at some point. Some would arguse I should buy more and average down, but that's a concept I don't believe in - every new investment should be considered about the various uses of that capital at that time. I don't believe in putting all my eggs in one basket and can't afford to risk a further decline, so for me enough is enough. You may see the current GENC price as an opportunity to average down, but it looks like a gamble to me. Good luck whatever you decide and DYOR. |
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