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GDH Gledhow Investments plc

0.475
0.00 (0.00%)
04 Jun 2024 - Closed
Realtime Data
Gledhow Investments Investors - GDH

Gledhow Investments Investors - GDH

Share Name Share Symbol Market Stock Type
Gledhow Investments plc GDH Aquis Stock Exchange Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.475 16:29:58
Open Price Low Price High Price Close Price Previous Close
0.475 0.475 0.55 0.475 0.475
more quote information »

Top Investor Posts

Top Posts
Posted at 30/6/2021 20:08 by topvest
Well the holdings are certainly a surprise. Its difficult to see where the dramatic gain was made. Maybe they had somme AAA and sold. Who knows! Anyway, agreed a fairly rag-bag collection but its always been the case. How many of their investments ever succeeded long-term? Their investment case is to be a seed investor on a shell company and then sell at the first opportunity!
Posted at 30/6/2021 11:38 by smithie6
I encourage everyone to vote NO to all of the resolutions

to highlight to the directors that

- we protest about the issuing of shares to non- shareholders at 1.75p when the NAV was 4.2p

effectively new shareholders (mates/contacts of the directors and/or Peterhouse) STEALING assets from existing shareholders

& the co. Act 2006 states that new shares should first be offered to existing shareholders

- we protest that some new investors must have had insider information in order to invest, to put in £50k in 1 lump you wouldn't do it if the investments & % held in biggest investment was secret
Posted at 09/6/2021 19:55 by russman
should at least be a director dealing flag on the morrow.
Posted at 07/6/2021 21:21 by russman
No sane investor would buy GDH shares unless they were privy to inside information.
I cannot even estimate what makes up the valuation per share in the interims.
If anyone knows.................................
Posted at 07/6/2021 11:44 by smithie6
I have about 180k shares

the reduction in NAV/share is ~1.3p

this dilution has cost me £2.3k

I'm not at all impressed :-(

& I'm supposed to believe that this dilution was done to provide general benefit to all existing shareholders, as reqd. by the Company Act 2006.
I don't believe it has benefitted me, cost me £2.3k !

the price of a decent, or working, second hand car !

--------

B) I would rather that the co. was controlled by the Rowan Estate & not by these new investors, a large chunk of which might be related parties of the Millers (noting that they are involved in Peterhouse) and/or discretionary accounts partly under the control of the Millers

eg. at the last AGM there was a vote on giving a £50k bonus to the Millers
approved by the Rowan estate

whereas if the control is moved to be clients of Peterhouse & is in reality under Miller control then 'they' partly get to vote thru their own bonuses in the future

or if they decided to double their pay (now the size of the co. has doubled) or to reduce the price to exercise their option for 10% of the co.

C) Will they just do more dilutions in the future, to further reduce the power of the Rowan shares
& to increase their annual pay & the value of their option over 10% of the company ?

D) is there any risk that their 10% option exercisable at price X is just changed to be exercisable at nil cost ?
Posted at 06/6/2021 20:44 by smithie6
topvest
"rant rights to subscribe for or to convert any security into shares in the Company on and subject to such terms as the directors may determine up to a total nominal amount of £510,000"

well, it looks like the Rowan's must have voted yes

but !!

personally I think the law must be changed
so that it is not allowed to say "nominal amount of XXXX"

& should always state/include the max. number of new shares that could be issued AND what % that is of the current number of shares

very few shareholders will understand what "nominal amount of _____" actually means !
& that imo is not true & fair reporting.
it could be 90% of the existing number of shares & most investors would not know.

====

anyway, this deal has cost the Rowan's ~1/2 million pounds

if the Rowan's wanted to call a GM & vote to remove the bod or to cancel the 1:1 dilution or to change the subscription price from 1.75p to 2.5p or to require a clawback facility to be included or to require the dilution to be suspended by 1 month & for the holdings to be revealed to the market

then the Rowan's have all that power

if the deal is bad for the Rowan's (& hence other existing shareholders) & they lose £1/2 million

or tolerate opaque operation of the co. & no revelation st all of the investments held

& they do nothing

well, they only have themselves to blame !!

The losses of us PIs is minute in comparison.
Posted at 06/6/2021 19:58 by smithie6
free float

shares that might be traded

Who is going to buy shares in a minute company on the illiquid Aquis market

where it is a secret as to what the assets are invested in ?!

no one imo.

======

& if G.Miller's mates buying these new shares at 1.75p in the 1:1 dilution are only interested because the NAV after they invest will be 2.7p & the nett cash per share will be about 1.35p ; they are getting a big chunk of assets/per share for peanuts

does not make sense, unless the new investors are mates or family of G.Miller
or he gets 5-7% of the 850k as the std. introducer fee (£42.5k), & if friends/family take 450k of the 750k total, he gets a lot of kudos & free lunches/dinners from them !

but if there will now be 49 million new shares looking to be sold to make a quick profit, then it might put a damper on the shares for quite a while, unless G.Miller starts attending investor conferences & publishing news about what the holdings are, to try to create new buyers to take these 49 million new shared off the hands of friends/family.
Posted at 24/1/2021 14:29 by topvest
Fully agree. Just taken a look: no NAV per share disclosed. No mention that, sadly, the legend and major shareholder has actually died, so not accurate that he is the ultimate controlling party as presumably its his estate!

Looking at the Sunvest Corporation site:

With sincere regret the directors report the passing of Mr Bruce Rowan on 26 September
2019.
Bruce was a well-known and successful investor, particularly in the AIM and LSE markets in the UK where he was a significant supporter of junior resource companies and other new ventures.
Bruce founded Sunvest Corporation and guided it as an ASX listed company for 31 years
from October 1987 through to September 2018, when he retired from the board.
Vale Bruce Rowan.

Rest in peace Mr Bruce Rowan.
Posted at 25/11/2020 06:25 by russman
could not find anything new.
It would be helpful if Gledhow listed their notified stakes on their website.
It can only help current & potential investors.
The annual report is of little use, just sales.
Posted at 04/10/2020 13:28 by russman
I only invested to keep an eye on Bruce's punts.
Can only guess at whats in/out.
Lack of disclosure is a major negative to potential investors.