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GKR Gatekeeper

11.50
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gatekeeper LSE:GKR London Ordinary Share COM SHS USD0.001
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 11.50 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 11.50 GBX

Gatekeeper (GKR) Latest News

Real-Time news about Gatekeeper (London Stock Exchange): 0 recent articles

Gatekeeper (GKR) Discussions and Chat

Gatekeeper Forums and Chat

Date Time Title Posts
26/7/201104:20Gatekeeper Systems, RFID & the fast track to growth!604
12/7/201110:37Free money. Yes, FREE11
03/9/200814:05Gatekeeper20

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Gatekeeper (GKR) Most Recent Trades

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Gatekeeper (GKR) Top Chat Posts

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Posted at 12/7/2011 16:35 by norbert colon
Thanks. Have you seen on the other GKR thread below this one that another holder seems to have received his money on 28th March. I have hence emailed my broker to enquire.

Nobby
Posted at 12/7/2011 10:37 by norbert colon
barnetpeter

I hold Gatekeeper and saw the announcement in April that we would be getting US$0.33 per share but dont recall seeing money come in? What date did you receive the funds?

Nobby
Posted at 26/4/2011 17:20 by ianbrewster
If anyone else is still interested :)

Gatekeeper Systems Inc has merged with Belgravia Acquisition Corporation with effect from 8th December 2010.

Under the terms of the merger, Gatekeeper shareholders are expected to be issued with a cash payment of USD0.33 in exchange for each share held.
Posted at 29/3/2011 20:20 by barnetpeter
Belgravia Investors LLC recently completed the takeover of Gatekeeper Systems Inc via a cash merger under Sections 253 and 262 of the Delaware General Corporation Law. The proceeds have now been released to entitled holders.


How has my portfolio been affected?


You have received a payment of US$0.33 for each Share held. Please note that the cash was received in US Dollars and was converted from US Dollars to Pounds Sterling on the day of receipt, with US$1.00 being equal to 60.43021p pence. As a result you have received 19.942p per Share.
Posted at 04/11/2008 18:06 by scburbs
I notice that the previous tender offer was oversubscribed by about 4m so they are clearly trying to pick up the remaining weak holders shares on the cheap. I would expect that all tenders at 10p will be matched in full rather than scaled back like the 20p tenders.

"IRVINE, California. - 15 September 2008 - Gatekeeper Systems, Inc. ('Gatekeeper' or the 'Company'), announced today that it has extended the expiration date of its offer, dated 15 August 2008 (the 'Offer'), to buyback up to 2,500,000 of its issued and outstanding Common Shares at a price of £0.20 per Common Share, net to the seller in cash. As extended, the Offer will expire at 1.00 P.M., London Time, on Monday, 29 September 2008, unless further extended.

As of 15 September 2008, 6,324,526 of Gatekeeper's Common Shares have been tendered pursuant to the Company's Offer. Gatekeeper has extended the Offer to provide its Board of Directors additional time to evaluate increasing the number of Common Shares subject to the Offer in order to accommodate stockholders who have tendered their shares or desire to tender additional shares."
Posted at 04/11/2008 17:14 by barnetpeter
Letter from broker:

Gatekeeper Systems Inc has announced that it is offering to buyback 4,500,000 of its issued and outstanding shares by way of a Tender Offer, at a price of 10 pence per share.



Shareholders can elect to tender any number of their shares held as at the close of business on 24 November 2008 (Record Date). If the total number of tendered shares exceeds 4,500,000 shares, then elections may be scaled back pro rata.
Posted at 15/8/2008 09:29 by masurenguy
"Masurenguy - 11 Aug'08 - 554:Well the first step toward regaining credibility will be at thr H1 Interims next months. To be on track for a pretax profit of $4m in the current year they will need to post H1 sales of circa $12.5m and a pretax of at least $500k. If they can achieve that then their current year forecast would appear to be more credible and sentiment might improve !"

Well sales came in at $1m lower and the pretax was minus $500k - so how credible is $4m for the full year - that now requires $4.5m in H2 compared to $1.5m in H2 last year before interest and currency gains !

The 20p tender offer has hardly had much positive effect on the share price either - just two transactions so far - a Sell of 20k @11p and a Buy of 1.5k @13p !
Posted at 15/8/2008 08:44 by hugepants
The reason the share price doesnt reflect the value of the company is because they keep missing forecasts. Profit of at "least 7 cents" has now changed to "between 6 and 7" in the space of a few months. And theres still 4 and a half months of the year left so good chance profit will end up at 5-6 cents. They never seem to learn.

Shareholders may only end up getting 20p for 20% of their shares if everyone (excluding the majority shareholder) tenders their shares. A chance though that long termers wont take 20p so that should allow others to tender a higher percentage.
Posted at 08/8/2008 17:49 by scburbs
Masurenguy,

They can be traded online. Unless they have changed policy, TDW were offering trades in this company. I was holding shares in GKR through them, although these have been sold and replaced by sb's.

I don't expect much of a share price move until the next results. If they deliver on their profit forecasts then it should be a very positive move. However, there recent track record on such forecasts is not great as you know!
Posted at 08/8/2008 14:51 by hugepants
This is where we are.

At share price of 11.25p and 38.8M shares then market cap = £4.36M.

From results to year end December 2007:

earnings = $1.2M = £0.6M = 1.5p
Forecast for ye 2008 (see final results statement) = 3.5p

Balance sheet:
Net working capital = $11M = £5.5M = 14p
Cash $5.5M = £2.75M = 7p
NAV = £21M = £10.5M = 27p


But there have been post balance sheet events:

4.6M shares bought into treasury. Cost approx £0.6M
Then $2.5M (£1.25M) spent on 30% stake in small tech business.

Result of above is cash (and net liquid assets) reduced by £1.85M = 4.75p.
But if we assume results on track and profits equate to cash flow then we can add 1.75p for H1 which gives

Cash = 4p
Net liquid assets = 11p

But on top there is an investment worth 3.25p.
And forecast earnings of 3.5p.

Only a severe profit warning can justify current share price IMO.
Gatekeeper share price data is direct from the London Stock Exchange

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