Galileo Inn. Share Discussion Threads

[cubes101] 14/4/2003 14:19

Went to Macclesfield this morning and could not find any sensible comment on any of Paul Davidson's co's.

Most people don't even Know who he is or what the companies do!

Army have you any acid for sale I'll trade you for some Gai paper.

Cubes - melting in the Easter sunshine - yep I got this one badly wrong folks!

[knitcraft] 14/4/2003 11:31

All you have to do to find out about oystertech, galileo and cyprotex is to spend a few hours in Macclesfield talking to the general public!!!!!!!!
I dont intend to repeat here any of what is said.DYOR for Gods sake.
I`m sure you can make an intelligent guess!
Some of the remarks on this and other threads crease me up.

[grebo] 14/4/2003 10:29

Army,

I think you need to allow time for the acid to leave you system before you try posting again. Reading your message is like reading a video instruction manual, but makes even less sense.

[mrkournikova] 11/4/2003 19:04

Hi,

LOL! No Paul Davidson is not in charge of any of these companies, I made sure of that! Although Paul Davidson does have a personal property venture which he runs from his base out in Spain. His business involves selling property in Spain to people in the UK. I believe it is successful.

Thanks to sharemess for their comments, interesting. I ensured that these 3 companies already successful at the time, there really is nothing untoward.

Look at the closing prices just 1 week on from when I wrote the main article.

Country & Metropolitan: 102.5p + 2p +1.98%
Ben Bailey: 191.5p + 26p +16%

I haven't checked Wren Homes on OFEX. But Country & Metropolitan and Ben Bailey are already showing gains which is brilliant.

Regards

MrK

Mergers & Acquisitions at the back of 'Shares' Magazine shows the 1.25p/share approach for Galileo Innovation. No news to the contrary that it is off, it will be interesting to see the announcement at the end of the month(?) from Galileo as to what the future holds.

[jubjee] 11/4/2003 10:24

Didnt PD have a property co in prestbury, cheshire?

[cappagh] 11/4/2003 10:05

MrK
Is PD in charge of any of these building Co?

[sharemess] 09/4/2003 19:41

off-topic.

Mr K

The success of these housebuilders ultimately depends on one thing - planning permission.

Developing the type of sites these developers target - urban brownfield sites - means huge NIMBY reactions (not in my back yard) from local residents, and decisions made by a Planning Committee who are often keener to protect their local popularity/votes than to grant a valuable planning consent which makes a developer richer. Most planning committee members know much less about development issues than you would ever imagine - yet the success of a scheme depends on getting a logical and professional decision from them. How many planning meetings have you sat in to watch proceedings ? I suggest you do so before investing a penny. Amateurs are making decisions that most people think are being made by professionals. The whole process is in need of a total makeover.

Many sites are now overgrown/disused areas or gardens in towns and cities - a veritable zoological garden for slow worms and other protected species. A Nature Conservation company I do business with said there is considerably more protected wildlife on these sites than on the farmland/greenfield sites on the edge of towns everyone seems so keen to protect from development.

There are huge profits to be made by the developers, but development is also a risky game and time delays (and there are very many of them) can leave a developer very exposed. National housebuilders shares are unloved by the City. These smaller companies are NOT necessarily safe as houses as you suggest. A downturn in the housing market can send dozens of development companies to the wall.

DYOR everyone.

[mrkournikova] 07/4/2003 00:49

LSE failing to attract new issues
There is a drought underway in the new issue market. It is perhaps understandable that bosses are reluctant to pay such horrendously high fees to enter the AIM or the Full Market and then be unable to raise any meaningful sums of fresh capital...

...As to dearth of new issues, it is the lowest level for over 20 years, it is not too surprising that companies are holding back. They do not want to issue too much equity at the wrong price, instead they prefer to wait for better valuations when the market returns to some form of normality.

Can you blame professional investors for standing back when issues are offered to them? Market volatility, Iraq War, economic pressures, lack of direction, etc., etc., they all pile up to deter investment. But that will change when normality returns.

Courtesy of www.watshot.com
An excellent site run by Mark Watson-Mitchell

MrK

[simonevans] 06/4/2003 16:24

I would expect some upturn in the second half, I think there is a lot of holding back at the moment. I think the fees associated with listing are overstated. With astute management, an AIM listing can be done for £125,000-£250,000 which is not too bad if you ask me.

[mrkournikova] 06/4/2003 00:51

Sreddy,

I think you'll find that it was in fact aimed soley at Paul Davidson as opposed to Galileo Innovation. Does it not annoy you that Davidson is on the board of directors at Galileo, earning a salary as a direct result and yet is always over in Spain running his property business? This is not the sign of a top director but a greedy one. If this behaviour impresses you then so be it, but it far from impresses me.

Yes I will continue to praise Galileo because it is a good company with an exciting business model. But I won't praise Paul Davidson.

MrK

[mrkournikova] 06/4/2003 00:46

Hi,

I just thought I'd keep the thread up to date and yep it is funny isn't it. Always the guys that find things funny.

Anyway...

Sreddy...I appreciate that you did not find my post amusing, fair enough. Somethings do not always please other people. Just as a small pointer for you I am 19 yes and because of my knowledge compared with my age on the stockmarket, 'SHARES' magazine are doing a whole feature on me in their magazine later this year. Have you ever received any publicity for your knowledge? This is not a retorical question as for all I know you might have. I am actually off to university later this year 'Kings College London'...I am sure you are aware that it is one of the top universities in this country, indeed the world...to most this would indicate that I know more than diddly squat. And KBC PEEL HUNT are already taking an interest in me in terms of empoyment upon graduation from university...but my aim is to get into asset management.

So I'm sorry to have upset you and, although this might not apply to you, there are alot of older people that would get annoyed because I do know so much at such a young age.

Anyway rant over. Now time to sit and wait...

MrK

P.S - No I don't smoke any substances. It's a disgusting habbit that kills.

[sreddy] 06/4/2003 00:43

Banj,

I agree if it was an isolated case, but he has gone from the extreme of praising the company and quoting all his conversations with the directors, to a constant mockery of the company, when it is obvious he doesn't know what's going on. It smacks of a highly emotional and fickle investment thought process, and we know where that ends up more often than not. Humour I can take, but constant jumping from praise to mocking criticism is irritating. We have to just wait and see what happens for the moment. Then there will be enough information to mock or criticise or even praise.

[cappagh] 06/4/2003 00:28

Can't wait til the the shares for his
property co goes on sale. I'll buy
shedloads!!!! LOL

[yashbalggan] 06/4/2003 00:02

Mr K that article is dated 2nd May 2003.........and we are in April 2003.
You don't smoke cannabis by any chance...do you ?

[knopfler] 05/4/2003 19:25

simonevans,

i hope you realise that it is a ficticious interview written by mr.k. as some sort of 'tounge-in-cheek' prophesy.

have to agree with sreddy though - very poor attempt, maybe some journalistic skills would have helped mr.k to convey his point in a more humorous manner.

it looks like mr.k has a bright future ahead of him anyway, but i will repeat and stand by my previous comments to mr.k. that he would learn more if he were to follow rather than lead, or in this context, listen rather than speak. for someone so bright, you have an awfull lot to learn.

oh! big tip - never 'explain yourself' to anyone.

[simonevans] 05/4/2003 18:57

The interview with Paul Davidson above is certainly amusing. It made me laugh anyway. If it's true, how many times did he stress that the cash is still intact. £2 a share, has the guy flipped? He doesn't sound very credible does he, but he has managed to fool a lot of people including Mr Lamont! The bubble has burst for mr, davidson and anything he is connected to has burst since his close to criminal spread-bet.....cyprotex, oystertec, galileo...all severely down. The game is now up....hand back the Ferrari car keys!

[kennethrich] 05/4/2003 13:01

MRK
Take no notice of sreddy a bit like walters site those who do the least shout the most.....
keep up the good work....
have you tried the lse

[banj] 05/4/2003 10:11

sense of humour it's called reddies

[sreddy] 05/4/2003 09:54

mrk,

Your immaturity manifests itself as you come to terms with realising that at 19 you know diddly squat about anything, even though you think you are god's gift to investment appraisal and situation analysis.

Wait and see what transpires like us poor unfortunate mortals.

[mrkournikova] 04/4/2003 22:22

Adios! Spain's Number 1 Selling Daily Newspaper
!!EXCLUSIVE!! Interview with Paul Davidson
2nd May 2003

Adios HOLA! We are sat here in the back of Paul Davidson's Ferrari driving around the Costa Del Sol. It is now 2 days after Mr Davidson's latest venture Galileo Innovation went into receivership. ADIOS went to visit Mr Davidson to have a talk about future prospects and to see how the new propery business is going.

Adios Paul, comisserations over Galileo.
Mr Davidson Look, can I just say that Galileo has not gone bust. The cash is intact, that is what counts! Now I have every confidence that in the next 2 years Galileo will be trading at £2 a share. That is fair value for a company like Galileo.

Adios But the auditors deemed that Galileo could not continue as a going concern? What makes you so confident that Galileo will be at £2 a share 2 years down the line?
Mr Davidson Auditors can be funny people at times. I mean take Enron, take Worldcom, auditors passed their accounts making the share price spiral higher and higher and now look shareholders have been left with nothing,. I look at Marconi, they have going concern problems. But the cash is intact at Galileo. That is what matters! Heh, perhaps I can get hold of Arthur Anderson to be auditors to Galileo.

Adios That's fair enough. So will you personally help to ensure that Galileo has a future?
Mr Davidson The cash is intact at Galileo. I am staying over in Spain to ensure my property business succeeds, I have my own interests to see to. I have no intention of going back to the UK to visit ummm...to visit...

Adios Galileo?
Mr Daidson Yep that's the one. The cash is still intact, you must be aware of this ok.

Adios Are you still drawing a salary from Galileo?
Mr Davidson Hell yes! Look I am a big name, you must remember this. ANY company connected to me is lucky. Oystertec is very special to me.

AdiosAnd Galileo?
Mr Davidson Yes yes, that too.

Adios Paul, it's fantastic to see that you're so optimistic about the future success of Galileo and indeed all your investments. Paul best of luck with everything.
Mr Davidson Yes thank you, my cash is intact, remember who's number 1! And my property business will go from strength to strength. In fact I am thinking of reversing Galieo into it and floating my property business. When it's floated I'm off to America.

Adios Paul, thank you
Mr Davidson No problem. I'll be sending you the invoice for today.

[chaz99] 04/4/2003 11:22

>Jubjee

Yeah! Thought that was the idea

[peea01] 04/4/2003 08:51

It's quite possible that the "cash" could be intact. The issue preventing sign off could be a the contingent liability that would be present as a result of a guarantee. In this case the state of one or both of the investee cos that need to be consolidated would be the cause of concern, in which case unless some kind of sale is agreed/signed/sealed they will avoid releasing results.