Gable Hldgs Share Discussion Threads

[maxmarilli] 18/7/2016 09:07

treeshake....mms were caught without shares in the surge that lasted 30 mins....wave 2 next...those mid size buys and the 344k know what is coming...

[solarno lopez] 18/7/2016 09:03

someone knows of TRIPLE A Paper is on the cards

[maxmarilli] 18/7/2016 08:54

another big buy (344k)

[the stinger] 18/7/2016 08:54

solarno - still maybe bust,,, very high risk. Could easy double though on good news..seen funnier things happen. £75m cash in reserves and the £7.9m receivable makes the possibility of a turnaround possible though.

[solarno lopez] 18/7/2016 08:39

Garbet said it was bust

[the stinger] 18/7/2016 08:39

Possible MBO...or things not as bad as they seem? or another party T/O

[maxmarilli] 18/7/2016 08:39

the 12300 buys was mine ....pity I had only that tiny amount to put on....but it took me to above 140k with a 3.9p average....

[maxmarilli] 18/7/2016 08:33

going faster....

[the stinger] 18/7/2016 08:32

The receivable alone is worth 6p per share,,if they get it...

[maxmarilli] 18/7/2016 08:31

this will be 5p again very soon..

[maxmarilli] 18/7/2016 08:29

already a 100k and 170k buys....some bigger buys will come in today

[the stinger] 18/7/2016 08:28

hmmm...there's a plan here. Something a foot..

[maxmarilli] 18/7/2016 08:21

the day b4 suspension,there were few big buys....this was for a reason,so I`m expecting more big buys coming on from now on.I think it could turn fast above 5p....

[the stinger] 18/7/2016 08:12

It's the £7.9m receivable that makes this interesting, plus £75m in reserves!!

[graham1ty] 18/7/2016 07:58

And back trading at what level ? Having called into question the very existence of GAH, this is impossible to value. Therefore I assume a rush for the door, with holders trying to extract anything, even a penny or two ?

While I hate shares getting suspended, it is also farcical when something is absolutely impossible to value

[francoismyname] 18/7/2016 07:55

This will be 10p soon when good news gets out. Due an uptick in fortunes soon.

[mobyrich] 18/7/2016 07:07

Back trading this morning!

[the stinger] 17/7/2016 11:25

adyfc, like i say though, amazing all the other large II holders were/are happy to let things go and not question all the misleading info of late. Why let WD and the BOD profit from what is ultimately their loss. Even with all losses and without the £7.9 m receivable which is worth 5p per share on its own!,,and may still be recovered!,, there's 2p or so NAV therefore why let them have it.

I suppose to carry on trading it depends on the risk transfer value of the books,,, they supposedly have £75m in cash reserves so it depends on the calculations made by the insurance carriers with whom they are currently in negotiation with as to the transfer/risk value.

Will it be less or more than the £75m they have in cash reserves is the question?, and by how much?. Hefty sum £75m they have though.

It seems a total unknown as claims takes years to mature..Garbet may have some realistic views on this.

One question for me is that who will manage the £75m if trading totally stops and Gable delist because the restructure plan leaves them without adequate capital, , and who gets what pittance value there's left (2p NAV) and who gets the £7.9m receivable if successfully claimed back....Lots of questions remain here..

[adyfc] 17/7/2016 09:25

This has been on the cards for years. They were playing fast and loose writing any old policies, remember this was originally set up to write selective policies and then they realized after a couple of years there was no money in it.
Anyone who can read accounts could see this looked shaky for years.
I've no doubt WD will be back with a new company to start the process all over again and he'll get away with it again because that's just the way it is.

[the stinger] 16/7/2016 21:40

'There remains significant uncertainty regarding the implementation of the Strategic Restructuring Plan. The insurance carriers with whom we are currently in negotiation are conducting an independent assessment of our insurance book and related assets and liabilities. The outcome of this assessment will determine the pricing of the risk transfer or reinsurance product and there is no guarantee that the group will retain sufficient capital to enable it to support the retained business'.

In other words...Gable is no more...at least WD lost his 20% stake..

[topvest] 16/7/2016 20:07

There will be nothing left for ordinary shareholders. That is pretty obvious in my view particularly given the rather dodgy ethics of the management team who have been talking up this pile of poo for years!

[the stinger] 16/7/2016 12:16

Massive con!!..Garbet nailed it. The best any shareholders can hope for now is the transfer of business/risk for a sum less than the £75m they have cash. There's no way Gable are going to be left with enough capital to continue under S11. The best case is a balance of funds and the possibility of a further £7.9m receivable. Then a wind up and return any funds to shareholders.

All guess work on the value of business transfer really however WD has a chunk of shares so its in his interest to get the best price... even though he's already down by £m's

i.e. transfer business for £65m leaves £10m plus a possible £7m = £17m (13p a share)

All depends on the transfer value of the current business.. which no one knows?.see below..

'There remains significant uncertainty regarding the implementation of the Strategic Restructuring Plan. The insurance carriers with whom we are currently in negotiation are conducting an independent assessment of our insurance book and related assets and liabilities. The outcome of this assessment will determine the pricing of the risk transfer or reinsurance product and there is no guarantee that the group will retain sufficient capital to enable it to support the retained business'.

Or - just wind up and see what materialises in the coming years.

[topvest] 15/7/2016 20:58

Well the end is near....what a con!

[luckymouse] 15/7/2016 20:06

Create a lightly regulated vehicle that will survive a few yrs that you can extract a vast salary from basically.