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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Galileo Inn. | GAI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | - |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| Top Posts |
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Posted at 28/4/2004 21:50 by swiftnick Once again the appalling standard of communication to shareholders continues, with the directors unable to describe in any helpful or meaningful way the chapter of incompetence that led to this sorry state of affairs.My favourite bit: "Those potential investors who had registered their keen interest in investing had literally gone to ground on account of the economic circumstances which prevailed in the first quarter of 2003." Not just gone to ground you understand, but literally gone to ground! How does anybody literally go to ground? Does this mean they were buried alive under a heap of earth? |
Posted at 26/11/2003 13:15 by sreddy I had to unfilter you to see what you said. I quote your own words elsewhere:"Trace Group plc HugePants - 30 Jul'03 - 10:46 - 11 of 69 I dont think there was any reason for the rise at the start of June, just following the general rise in tech stocks. Anyway, I bought a few more on Monday. I hope I know what Im doing! I now hold 25K which is a major investment for this investor." LOL! LOL! LOL! I now know not to take any notice of you in the future! You're filtered again and I won't bother looking again. Bye, bye! LOL(the last laugh)! |
Posted at 30/9/2003 22:55 by hugepants MrKPeople are investing hard earned cash. All Im asking is that you try and be objective. Your thread on a supposed 'interview' with Mark Warburton may have cost many naive investors a lot of money. Try and be more responsible in future and dont post total sh*te. |
Posted at 30/9/2003 22:21 by hugepants Just to clarify, I never bought shares in GAI but I previously owned shares in incubator type companies. I was immediately suspsicious when GAI announced the imminent floatation of 3 companies that were meant to occur in the same day. I would be surprised if there had been 3 floations in the entire AIM market in the previous 12 months!!!MrK may claim to be 19 years old but he is one of these posters who is certainly persuasive. His 'interview with Mark Warburton' in hindsight looks at best absolute pish, at worst downright lies. MrK please try and understand that there are some naive investors who may base their buy/sell decisions on postings on public message boards. In future please try and be objective and truthful when you post supposed information from a company director. |
Posted at 30/9/2003 22:16 by mrkournikova Hi Knitcraft,I did not have privileged information whatsoever. I did however state many a time that I phoned the company and spoke with a director, experienced professional investors do this day in day out. When the company was suspended Mr Warburton was not often around and so I was given his mobile telephone number on which to contact him which I duly did. I was given an update on how procedures were going and led to believe that it would all turn out well in the end. I tried my best to keep readers informed of events and did so in the knowledge that what I was writing was the truth. The more I learn about stocks and shares the more I realise there is to learn. You can never hope to learn everything about the way the markets work, when I'm 60 I'll still realise that there is so much more to learn. I am lucky to know the people I do who are willing to teach me and when I graduate from university I hope to be working in Investment Banking. There is no greater lesson than investing first hand and actually losing money yourself. I didn't mean to lose money on Galileo but poor judgement on my behalf saw that I did. You simply can't win 'em all! Knitcraft, I too am sorry to sound patronising when I say that your punctuation and literacy leaves a lot to be desired. Although I'm sure that when I say that, I do so safe in the knowledge that I do not have privileged information on which to base my conclusions. Having spoken to a few people I do appreciate that if we are to get anything out of Galileo at all it will take months. We live and learn. Best Wishes, Mr K |
Posted at 29/9/2003 19:31 by hugepants With regards to this 'investors only having themselves to blame nonsense'. Surely any investor assumes a certain level of competence by a company management. How can this lot have got themselves into a situation whereby the company is suspended under going concern issues? They had 5M a mere 12 months ago and their job was simply to invest that money for the benefit of their shareholders. The going concern issue suggests they invested it ALL thereby leaving themselves with no cash to cover on-going running costs. Its not easy grasping the fact that the management hadn't even enough discipline to leave themselves with say 750K-1M just in case things didn't turn out right. Who operates like this? |
Posted at 26/9/2003 11:51 by fozdad I know how you feel Cappagh.We put our money in because we were led to believe it was a good investment. Then, having got their paws on our hard earned cash, the directors refused to let us know what was going on, so we had no data to make a decision. On reflection, this should have been a signal to bail out and I know that many (wiser?) investors did. Like you, I've won and lost in this market, but I've never felt so annoyed after taking a loss as I do now. Let's hope they finally have the guts to issue some accounts and let us know what happened to our money. |
Posted at 24/9/2003 23:20 by mrkournikova Hi,Mark Warburton is by no means a hero but he is far from the villain that you all think he is. I am forbidden from giving the full details about what happened with Sense-Sonic but am privy to the knowledge. Let me explain... Who was it who mentioned that Sense-Sonic were late in submitting their accounts? Take a guess at why they were late. Why are accounts late? Something not right maybe? So Sense-Sonics accounts are late, very very late! At the same time Galileo were looking to float Sense-Sonic weren't they...but how can you float a company that has no recent figures, no rock solid figures that fundamentalists rely upon to assess the true state of a company. You begin to realise that something is wrong, and as it turned out to be...very wrong!! Why were the management of Sense-Sonic dismissed? Why did Sense-Sonic need Galileo's money in the first place, were Galileo duped into parting with the money? Some of you will see what went wrong. When you know what went wrong you will realise just how good Mark Warburton has been in giving this company a second chance. You are all investors so please stop giving Sreddy a hard time and listen to what she has to say. She knows far more than me and can teach many of you so much, ignorance is far from bliss! Mr K |
Posted at 31/8/2003 17:32 by simonevans It seems to me that small public companies that go bust do so with very little attention from the regulators. As investors we all know the risks and have to be prepared to lose it all on individual investments. However, what I think is very unfair is that the LSE do not force the company to put out an explanatory statement (e.g. we have gone bust/have no funds remaining/intend to de-list). The way this all works now is very frustrating for investors and should not be allowed to happen. It would be nice for the directors to at least put out a statement to say that it's all gone pear-shaped. |
Posted at 20/3/2003 00:16 by bigspuds Investors Get Active By Maynard Paton (TMFMayn) March 19, 2003 Investors are getting active. Following a spate of corporate misdemeanours, many shareholders are becoming increasingly vocal and forceful in their dealings with company boardrooms. Indeed, rather than greater company regulation, Warren Buffett remarked recently that 'concerted action' from shareholders was the only way poor corporate stewardship could be meaningfully improved. Many investors, however, take it upon themselves to give sleepy management a wake-up call. Under-performing businesses of the past have attracted the attention of Lord Hanson, Jim Slater and James Goldsmith, while Ron Brierley of Guinness Peat (LSE: GPG) and Hugh Osmond of Capital Management and Investment (LSE: CMIP) continue the aggressive investment style today. On the institutional front, the National Association of Pension Funds and Hermes Pensions Management regularly make their opinions heard on poor boardroom standards. But where does the ordinary investor stand in this? Unfortunately, it's money that talks in the stock market, and holding a handful of shares isn't going to get you the ear of many chief executives. Shareholders may feel better after venting their spleen during an AGM, but as many Marconi (LSE: MONI) punters have discovered, it rarely gets results. Action groups such as Redstone, Energis, Cedar, while commendable, also generated little impact on shareholders' wallets. To a certain extent, most of the private investor 'action' in recent times has come far too long after the event. Frankly, the time taken up by such actions would have better served by looking at alternative investments. Rather than take issue with a company's management, small investors would be advised to look a little closer to home. At the end of the day, share losses stemming from poor management practice are nobody's fault but your own. Sad to say, but getting involved with an unreliable boardroom is an inherent risk of stock market investment. Focusing only on firms whose boardrooms are populated by long-standing, proven directors could obviously mitigate the need for a time-consuming shareholder revolt. Or perhaps just considering companies that could do well without fantastic management talent is another option. Either way, when bad management start to assert itself, small investors would be best getting active in another way -- voting with their feet and selling the shares. |
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