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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Glen Grp | LSE:GLN | London | Ordinary Share | GB00B04C8N02 | ORD 0.1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.06 | 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 | 0.06 | GBX |
Glen Group (GLN) Share Charts1 Year Glen Group Chart |
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1 Month Glen Group Chart |
Intraday Glen Group Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 10/3/2009 | 09:11 | Glen Group | 852 |
| 30/1/2009 | 15:03 | Glen group | 3 |
| 03/11/2008 | 21:57 | RTO /TO ACQUIRE 2 TISCALI ASSETS | 2 |
| 14/5/2007 | 16:56 | Lets Short This Duffer out Of Business (Glen Group)GLN | 2 |
| 04/3/2007 | 11:03 | glen group | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 03/3/2009 12:15 by vinny1066 Knowing / FlyingSwan / AllInteresting stuff . The Scots are keen to rely and promote their own in-house technology and there is no reason to exclude GLN . Seems , as i have said before , that it appears to be well run with a particular vision on where it wants to go . Given that so many Companies are at present quite lost in every respect it is at least some comfort that we can at least have a honest run at this one even though the actual share price is so so very low . Ar such levels the average punter is less likely to become involved as it seems so worthless a stock . I suspect that if it has a future it will consolidate ( 100=1> 7p ) It would give the stock liquidity and some status . Probably totally wrong but anyway just some thoughts on the matter . Still would prefer in the short-term a Management-Buy-Out . Regards Vince . |
Posted at 16/2/2009 11:37 by vinny1066 FlyingSwanApril should prove a good month for GLN purely because of the AGM . Interms hopefully should show how the company is progressing and this should have a + impact on the share price So its a matter of justing sitting-tight . I have held my block for almost 10 months. I was drawn to them by a chap in Middle-Wollop , Hampshire at a Army Mess Bash. He was quite ++++++ on them and said at the time that the company had significantly altered itself ( meaning selling off the loss-making 2/3rds of the company ) and should in time do well . As it stands i am doing reasonably well with the shares average is : 0.062/4p. Anything past 0.15p would be good indeed and the shares could do that and more on any half resonable information especially with regards to decreasing debt and cash flows. Anyway will just have to wait and see. Regards Vince . |
Posted at 12/2/2009 10:10 by 8trader Hi dell.Hope you are well, you know how it is, if you can buy 1000 shares at £1 or 1 million at 0.1p what are the punters going to do, they still think it's the best option to buy decimal, thing is so many of them have shot up (then shot down) the usual suspects move from one to another. I dont hold Gln, thought about it but the spread was just too wide, it's a lot better than some of the decimal rubbish that gets pushed and it's a 50/50 play but if i put myself in the position of management and thought i can save the company 150k a year by not being listed then i think it could happen, there seems to be at least 3 companies a week doing this on Aim, Aim need to drop their prices otherwise they will lose far more. Not saying this will happen to Glen, at least they have no debt and cash so they have a fighting chance to turn things around with cost cutting etc etc. |
Posted at 11/2/2009 21:55 by flyingswan Glen Group (GLN) finished the day at 6th place with a 34% gain, in the FTSE AIM All Share Index today.Top Risers Price Change CGNY 0.70p +154.5% RMM 17.00p +51.1% WET 0.60p +50.0% CLY 0.25p +38.9% SOLG 13.25p +35.9% GLN 0.088p +34.6% RMLA 2.00p +33.3% MXP 2.85p +32.6% EDR 10.50p +31.3% DMR 0.18p +29.6% This should get it noticed by the press IMHO we should have another good day tomorrow, DYOR |
Posted at 11/2/2009 16:25 by vinny1066 AllIntersting to note that the share price has not dipped all day . Regards Vince . |
Posted at 11/2/2009 14:05 by fairdeal2008 Yes, building volume - at some stage it may translate into a share price movement lol.... |
Posted at 11/2/2009 09:59 by flyingswan Glen Groups GLN)is doing well this morning, does anyone have a more up to date info or overview?Here is some recent news: RNS Number : 6666L Glen Group PLC 15 January 2009 Glen Group plc ("Glen" or the "Company") PRELIMINARY RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2008 Glen Group plc, (AIM: GLN) the AIM listed provider of integrated telecommunications solutions to the SME market, today announces its preliminary results for the year ended 30 September 2008. Highlights * Successful sale, as at 31 December 2007, of the Eclectic and inGroup businesses for a net cash consideration of £2.72m. * Acquisition on 27 June 2008 of Colloquium Limited, one of Scotland's first ISPs, for an all cash consideration of £100,000 excluding deal costs. * Elimination of all group debt, amounting to over £800,000. * Cash resources of over £0.5m available at the year end. * Turnover of £1.5m, up 47% compared to last year. * Gross margin percentage at 35.8% compared to 23.3% last year. * Administrative expenses reduced. * Operating loss of £1.07m represents a reduction of 58.5% over last year. * Overall loss for the year nearly halved from £3.0m in 2007 to £1.63m. * Strengthened sales team. * Board successfully restructured. * New Nominated Adviser and Broker appointed. * Proposed name change to Pinnacle Telecom Group PLC Graham J Duncan, Non-Executive Chairman commented: "The Board recognises that the first priority for the year ending 30 September 2009 is organic growth and tight cash management. We believe that the new financial year will, in many respects, be a critically important year for us." For further information please contact: |
Posted at 09/2/2009 12:45 by vinny1066 All.When you look at NNG and the death of a popular share like that then you look at GLN which actually has a cash flow and reducing debt and money in the bank -one is at a total loss to understand why money follows these stocks and i would add seo ( Stanelco or some spelling like that to this list ). At least GLN is a punt with at least a sporting chance . They are so cheap and the up-side is quite good - this punt has a value in its own right . If it goes down then at least it went with a fight . As you can see i like this stock but only within the context of a punt . The money one should throw at this should be within reason . Modest but worth a gamble on cost / return ratio . I have 10,000,000 with an average of 0.064 and 5,000,000 held in my 2 childrens names with an average of 0.060. March/April interims which will be posted in all probability in May will hopefully give us some understanding on its trading status durin the 6 months or sso of the economic down-turn. If its holding its own then we should get a reasonable response . Regards Vince . |
Posted at 19/1/2009 10:41 by vinny1066 All.Well we are in for a long trip on this one but if all goes well we should do okay. Half-Year figures should be the key as they will show how the company is managing under the financial climate . If thats okay then as things improve the company should also make ground . There is no real reason if the mid-figures are okay that they could not move into profit later this year . If so the Share Price would go much further . As it stands i would now wait and see if you hold this stock . I have a vested interest as i hold 10,000,000 for myself and 5,000,000 for my 2 kids . I will not add anymore until interms give some idea of how the company is doing . Regards Vince . |
Posted at 04/3/2007 11:03 by bogoff Please note: Your browser has been unable to load the stylesheet that accompanies this page. The page is still readable. [Accessibility statement][Skip to navigation] Websites Scotsman.com websites News Sport Business The Scotsman Scotland on Sunday Edinburgh Evening News Dating Jobs Motors Property Business Finder Member Centre Web Feeds Media Pack Site Help Digital Archive 1817-1950 Photo Gallery Reader Holidays Scotsman Calendar Money Fantasy Golf Haggis Hunt Edinburgh Festivals Heritage & Culture Living Weather Webcams Search | Site mapJobs | Property | Motors | Dating | MoneyEmail preferences Edit your details Log out phil logged in Sunday, 4th March 2007Top Stories Sun 4 Mar 2007 Printer friendly Send to friend Comments (0) Survivor of an Atlantic storm DOUGLAS FRIEDLI (dfriedli@scotlandon THE unremarkable offices of Graham Duncan's new company, hidden behind a supermarket in the former mining town of Straiton, are a stark reminder of the old adage that what goes up can also come down. Duncan was a pioneer of the 1990s technology revolution, the chief executive of Atlantic Telecom, with a £100m personal fortune and a seven-bedroom mansion in a smart Aberdeenshire village. But he lost it all when investors pulled the plug on the technology boom, leaving his company in ruins and his ambitions on hold. Nowadays he is trying to rebuild his business career and has just raised capital to expand Glen Group, an acquisitions vehicle he set up in the wake of Atlantic's collapse. The excitement that surrounded the surge of telecoms and dotcom businesses is long past and Duncan knows rebuilding his hopes will be a long and lonely journey. It is so different from the day in October 2001 when Atlantic, once valued at £2bn and sponsors of Aberdeen Football Club, collapsed with debts of £700m. Duncan had spent most of that day in London trying to convince investors to back a restructuring programme, only to learn it had all been in vain as he touched down at Aberdeen airport. Things got worse. At one point, his wife was pursued by reporters as angry subscribers and investors vented their fury. He was forced to sell his mansion with swimming pool and moved south, his business reputation badly damaged. Now he is fighting on a new front: attempting to make a small IT and telecoms business big enough to survive. His new company has just moved into its new premises in Midlothian. The unstaffed reception area is dominated by a perspex sign, 6ft wide, proclaiming this the headquarters of Glen Group, a world away from Atlantic's thousand-strong workforce. Sitting in an unadorned, first floor meeting room, he reflects on Atlantic's collapse. "I am not bitter," he says. "I understand that what happened was across the board and the public markets had to do what they had to do. The market was saying it did not want the stock that the industry had built up." He is content to talk about his experiences, but there is a hint of tetchiness in his voice as he says: "The real difficulty we had was funding being cut globally when we were still building the bloody networks. Nobody expected it to get cut so quickly. I always said you need five to seven years to get a profit from a network. In some cases, we were given just a month." Lessons have been learned for Glen Group, the company Duncan set up in 2002. "It is no coincidence that the business I have now does not require me to make capital spending every time I put on a customer." But starting again has brought fresh frustrations for Duncan, a chartered accountant by trade. He floated Glen, chaired by the former Arthur Andersen boss Eric Hagman, on the Alternative Investment Market in 2004 to raise money for acquisitions. His expansion plans hit a brick wall last year when Glen's share price fell below 1p, less than the par of the stock. According to stock market rules, a company cannot raise money at less than par value. The day before our interview, Duncan oversaw an extraordinary general meeting approve a redesignation of the company's 1p shares as 0.1p shares, allowing it to raise money in the future. Private investors also signalled their faith in the business by providing £500,000 to spend on due diligence on potential acquisition targets. Duncan is cagey about how close he is to acquiring companies; a couple of potential targets have been rejected but others are getting more interesting. "We did two deals last year and I would hope to do more than that this year, but it depends on what comes along. At the moment, the public markets are valuing business at below what private trades value them at, which can be frustrating." Part of the reason for getting bigger is to cover the overheads of a plc. "We are in this to make the business profitable. One problem is the cost of the listing. We have to pay more for accountancy services, for a nominated adviser, brokers, public relations people and so on. I reckon it costs between £300,000 and £400,000 a year just to maintain the listing. The more subsidiaries you have the more difference it makes." Duncan's mini empire now includes more than 50 sales and technical staff generating turnover of about £4m a year. The group operates through Glen Communications, headquartered in Rotherham, South Yorkshire, a telecoms and IT company focused on small business customers. Eclectic Group, based in Glasgow and London, advises companies on their business performance. And Explore IT, which has just moved from its Edinburgh home to Glen Group's HQ, provides IT services to small firms. But Duncan does not spend much time on the day-to-day minutiae: "I had the business set up so I can spend more time on the public face of it than running it. Subsidiaries have their own managing directors, giving me time to look at acquisitions." His shopping list of targets includes IT service businesses with small business customers, telecoms resellers, Eclectic "lookalike" consultancies and IT security businesses. He could be tempted by telecoms network service businesses, but nothing involving intensive capital spending. However, building a business from scratch is a time-consuming process, particularly with a share price in the doldrums. "At Atlantic, I found that it was easier to raise substantial sums of money than to raise smaller amounts, funnily enough. "The share price has not been good at all, because the market moves on very small share price movements. We lost £1m in market value when somebody sold just £400 worth of shares. It is all to do with supply and demand, but as a board it is very important that we do not chase the share price on a day-to-day basis." Duncan hopes to bring a bit of stability by bulking Glen up, boosting its market value and getting institutional investors interested. "We have no institutional investors at all. We have been trying to attract them, but it is hard at this level." Duncan admits that Glen joined Aim at the bottom of the scale, valuing the business at just £2m, and that may have hampered its profile. Then again, he had to start at the bottom with Atlantic, which he ran for 12 years before it floated, running cable TV in Aberdeen and buying businesses from the late Robert Maxwell. Despite everything, he is still a fan of the stock market. "If instead of floating we had been backed by private equity, the share price would not have been a consideration. In that regard, we might have grown faster. But it has not been that difficult to raise money on Aim. From an operating point of view, I still think it is a lot easier to build a business on the public markets." Duncan retains some old connections who include Martin Gilbert, the chief executive of Aberdeen Asset Management. The two have a number of things in common, apart from running businesses in Aberdeen. They both hit serious problems at about the same time, in Gilbert's case through the split capital trusts scandal. He still takes a close interest in the world of telecoms and reckons there are too many companies out there: "There are between 600 and 1,000 telecoms resellers in the UK. It has become a price-based service and the pricing has become commoditised. "I expect there is consolidation to be had among telecoms resellers. Some of these are what I call mom and pop businesses." He is an enthusiast for Voice Over IP (internet protocol) telephone service, one of Glen's main product lines, which he reasons will become more popular as smaller companies acquire broadband phone services and wonder what to do with them. And he shoots down the suggestion that Glen faces tough competition from the hundreds of companies doing similar things. "There is competition out there for certain of our product lines, but there are not many companies that can do all the things we do. There is a potential market for a one-stop-shop supplier in IT and telecoms. When we were setting this company up, we wanted broadband connections, mobile. Before you know where you are, you're dealing with three different people." Now living in Peebles, within easy commuting distance of Glen Group, Duncan says family is his only interest outside work. "I am 56. I don't want to retire, but I think I should at 65. I am keen to build Glen into a business that means something." He refuses to be disheartened by the trundling performance of Glen's stock. "Judge what has happened over five or six years and you will see whether we have done a good or a bad job," he says. This article: Last updated: 04-Mar-07 02:55 GMT Comments Add your commentAdd your comment Don't swear, be offensive or post comments that break the law. 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