Gable Hldgs Share Discussion Threads

[the stinger] 30/6/2016 15:46

Bellister, still is high risk, could sink however could treble. £4m MC against £80m reserves which no one knows is either under/over funded, and a possible £6m receivable and upto now still trading.. Lots of folk on here claiming they know the reserves are all taken/accounted for(and they maybe)however saying they know that now is B/S.

I bailed out at a loss however good luck to anyone taking the risk from these levels.

[bellister] 30/6/2016 13:50

Looking at the history over the last 3 yrs this was always a high risk share and should be taken with that in mind.

[the stinger] 30/6/2016 13:43

Effortless, your a tad late,,tell that to the folk who bought upto 90p per share, around 18mths ago...lol. Its strange people were buying at that price with all the info you mention known at that time?.

[effortless cool] 30/6/2016 13:40

the stinger,

It's simple accounting rules. Much of that £80m will relate to outstanding claims, i.e. claims notified and booked on the system but not yet paid. The balance relates to IBNR, i.e. claims that have occurred before the accounting date but have not yet been reported, and IBNER (incurred but not enough reserved), i.e. claims that have been and booked on the system, but for which the amount booked will turn out to be inadequate. None of these are accounted for on a worst case basis.

I hate to rub salt in your wounds but, if you want to avoid making big losses in future, maybe acquiring a basic understanding of the accounts of shares you are thinking of investing in would be a good idea?

[escapetohome] 30/6/2016 13:34

DOWN!
Was the rally just to suck mugs in?

Glad i wasnt sucked in.

[the stinger] 30/6/2016 13:25

Effortless, £80m accounted for...some how I dont believe it. How can you have £80m liabilities accounted for when its not known if claims will be materialised!. The reserves are booked worst case...which may or may not happen.

Could be under funded, well underfunded or over funded or seriously over funded...simple.

[escapetohome] 30/6/2016 13:21

Instinct? You just get that feeling that something is not right, all aided by non delivery year after year and some and mirro

If it looks too good to be true it probably is.

Complete loss of confidence in wd.

No leadership quality, company apparently uses a computer system to assess the risks of an application. I dont know i read that somewhere. Id imagined rather like checking boxes.

Garbet so far 100% correct.

Good luck max

[effortless cool] 30/6/2016 13:18

the stinger,

The reserves are, very literally, "accounted for". They are booked in the accounts (or will be, if they ever appear) as provisions against outstanding claims and incurred but not reported (IBNR) claims.

[the stinger] 30/6/2016 13:11

Garbet, even though i'm out here at a big loss, see no future in GAH and rather pee'd off with WD,,, i don't see how you can state all the reserves are accounted for. You may/may not be correct however your guessing and seem to be a very disgruntled person with WD/GAH...for whatever reason?.

[luckymouse] 30/6/2016 11:21

Why didn't Philip Green buy BHS for a quid - cos he was well & truly ahead and would have had to pump in millions

[garbetklb] 30/6/2016 11:01

I wonder if having the shares suspended could be part of the gameplan?

How low an offer would you accept for a company no longer traded?

Having said that, does WD actually have the money? If so, remember where it's come from.....

And is WD really going to want to buy Gable? What's he actually buying? The reserves - against known & future liabilities. As I doubt Gable can continue writing new business for much longer. And my guess is that the reserves will turn out to be inadequate.

I very much doubt WD, or anyone else, is going to buy the company - but, of course, I could be wrong......

I'd hate to be a shareholder - or a policyholder.

[the shuffle man] 30/6/2016 10:37

I suppose if WD has the £10m to put up as collateral he has the cash to buy us out just above 10p. Would still be in a loss at this level.

[the shuffle man] 30/6/2016 10:28

They will get suspended today of results are not issued.

[solarno lopez] 30/6/2016 10:20

with poor results that is very strong possibility

[jm2009jm] 30/6/2016 10:14

this just got ramped on ft alphaville with them saying "Bill Dewsall is looking to nip in and take it private"

[the shuffle man] 30/6/2016 07:58

Typical GAH leaving it to the last minute. Will we be suspended or not ?

[francoismyname] 24/6/2016 09:16

Down 22% on 7000 shares traded which equates to £300 in shares. Good to see the market working in an efficient way and moving on the basis of supply and demand.

Be great through this Brexit vote if loads of spivs from the city lose their jobs. No-one would bat an eye lid or shed a tear if they were all on the dole.

[escapetohome] 24/6/2016 07:40

Oh dear , seems to have dropped a little more despite it being a more european than british business.

I am sticking with with Garbet's view, which so far has proved spot on.
Good luck max.

[the stinger] 23/6/2016 20:54

Effortless, gable's current MC/real value is a total mystery to all, hence the share price being 3.5p and falling. Could drop to 1p, 0.5p, go bust or rise to 10p, 15p, 20p.... its all guess work and subjective until future plans with numbers (if any) are revealed.

I've always said though that with a possible £70-£80m cash in reserves for claims, and business growing as stated then it could end up a recovery play from these levels. If decent news was to arrive I'd consider buying for the medium term as gable could rerate quite quickly. We dont know what WD/BOD have planned, therefore will wait and see.

[effortless cool] 23/6/2016 19:55

the stinger,

I don't think that WD will be that fed up - there seems to have been a material transfer of value from GAH shareholders to him over the last few years. And he still apparently has the wherewithal to provide £10m of capital, per the RNS of 25 May. If you can spare £10m, then you must be worth a lot more than £10m.

[francoismyname] 23/6/2016 18:55

Like I said pessimism rules here.

I'm very confident this will be going north quickly . I have my money down and am very bullish. It's a pittance of a price now and all is not as bad as it appears.

6 bagger at least in 6 months .

[the stinger] 23/6/2016 17:33

franco, thats a hell of a prediction... i agree the share price could reach 10-15p in a 2yr time frame IF they continue in trade in the same name and receive the £6m from the recent missed receivable.

Without a shadow of doubt the reserves are/could be a good start up point from here, and they may (highlight may) cover payouts and 'possibly' leave a credit balance. Take time to find that out though and like Garbet says its an unknown and may be under funded?.

The MC is now probably getting close for any interested bidder to takeover gable on a much less risky basis or a MBO. WD's holding value has been wiped out, now worth around £1m compared to £10m a year ago and £25m 2 yrs ago!! totally wiping out all his remuneration and much more over the years. He must be rather fed up!.

[battlebus2] 23/6/2016 17:26

Yeah and Franco is my name :))

[francoismyname] 23/6/2016 16:58

Way to negative here for me.

This will move up at a rate from here very soon.

This will be 20p+ before year end 2016.

6 bagger from here at least .