Garner Share Discussion Threads

[geoffsh] 27/5/2010 20:30

ANOTHER INTERESTING ARTICLE.

I wish I had bought more of these today!
tomorrow I will be surprised if they do not go up again strongly.

[geoffsh] 27/5/2010 20:16

AN INTERESTING ARTICLE ABOUT GARNERS NEW OWNERS.

[geoffsh] 27/5/2010 19:58

After consolidation there is only going to be 7m odd shares on the market, so any good news should see the shares go up strongly.

[4screws] 27/5/2010 19:24

barnetpeter, its amazing you can make a derogatory comment, when you have not been on this thread for how long? I have merely asked questions as someone who invested, has stuck with my investment through thick and thin and yet now sees more dillution in my investment coming soon. I can see from the notice today a new future ahead but surley my questions are relevant and need answering.... and I dont see myself as punting having been here over six years.

[barnetpeter] 27/5/2010 18:52

"A great day for GAR. As well as the £2 million in new cash, they gained a further £3.5 million. Why? They did an acquisition for £5.5 million deferred. The seller then went bust so a new deal has been agreed with the liquidators to pay just £2 million in total. Lucky or what".

If you dont get it, you really should not be punting in penny shares.

[relishing] 27/5/2010 17:26

Ignore redleafboy, he's a professional stock promoter.

[4screws] 27/5/2010 17:24

shaunjph, it seems like another new beginning, with new chairman and new money, however the dillution that long term holders will again face, is another disgusting inditement of how this company has and does treat its shareholders.

Unless someone wants to tell me otherwise???????

[geoffsh] 27/5/2010 16:25

4screws - It is a complicated consolidation,what I am not sure about is, if 1.5p per share at the moment will be 45p a share, does that mean if the share price closed at 3p the day before the consoldation would they start trading at 90p the next day.I have phoned the company and am waiting for a reply, why not do the same?

[shaunjph] 27/5/2010 16:14

Hi 4screws..........how are you..........look at the falklands......an oil and gas strike with only two drill done............what's happening here then....?....I nearly....but didn't ....buy a few of these the other day.....

[4screws] 27/5/2010 16:04

barnetpeter I have 150000 at the moment but after dillution I will only have 5000.

[barnetpeter] 27/5/2010 15:59

5000 shares times current share price times 30 is, ahem, more than 30p! Tell you what. I will give you 40p for them!!!!

[barnetpeter] 27/5/2010 15:57

So the company agreed to pay £5.5 million and with a bit of luck now only have to pay £2.03 million AND are getting an extra £2 million in cash!

[4screws] 27/5/2010 15:55

barnetpeter, sorry , I must be dim and glad I dont hold many other shares, but if my 150000 sahres are divided by 30, I will have 5000 shares at 30p according to the announcement, so surely I should get out.

[barnetpeter] 27/5/2010 15:52

The new shares will be worth around £1.20. Yes there is a dilution but:

a) remember the £2 million in added cash

b) and this will pay in part for the renegotiated price. A saving of £3.5 million.

"The consideration for this acquisition was calculated by reference to a formula, with a minimum total consideration payable, largely as deferred consideration, of GBP5.5 million. Of this sum, GBP 627,484 has been paid to date.

In June 2009, BNB was unable to continue trading and on 29 June 2009, three
partners of Chantrey Vellacott DFK LLP were appointed joint administrators to
it. On 25 January 2010 BNB entered into creditor voluntary liquidation. This
has presented the Company with an opportunity to renegotiate the terms of the
deferred consideration. Agreement has been reached with the three Chantrey
Vellacott partners, as joint liquidators, for the remaining deferred
consideration payable for the Norman Broadbent Companies to be reduced to GBP1.40 million. This reduces the total consideration to GBP2.03 million.

[4screws] 27/5/2010 15:51

redleafboy explain please.

[4screws] 27/5/2010 15:47

And another thing, why would you buy today to have a reorganisation of your shares coning up, in which your investment is going to be dillutted again....like others from upton and sothern days, I have been through other consolidations and lsot heavily....so have I misunderstood this or what??????????????

[4screws] 27/5/2010 15:37

how can this be a good deal, I currently hold 150000 value today = £5250 yet after 22nd that will only be worth £1500, so if I dont sell at todays price I will lose £3750....someone explain to me why that is good and why being offered 30p for the subdivided shares I would then need a break even of £1.38.... I do not see this in any way as good unless someone can enlighten me very quickly......

[andrbea] 27/5/2010 12:54

their business model (norman broadbent) must be paying dividends (I suppose) to (even) contemplate bringing it to those other areas:

".... grow global franchise in USA, Far East and Latin America using similar licence arrangements to Italy and Middle East "

nia dyor

[barnetpeter] 27/5/2010 12:32

This is a great deal; reneg of the previous purchase, big hitters joining with 2 milion in cash ... Very low mkt cap still.

[21richyrich] 27/5/2010 10:56

RLB - yes its a good start -:)

And the ordinary punters wont hear about it till tomorrow -:)

shame about the spread though -:(

[andrbea] 27/5/2010 09:54

Could be interesting I suppose.



Much depends on the revenue and turnover of the new company Norman Broadbent, and its global penetration.

Those figures (sales/revenue) weren't disclosed. All we know is the new (confident) investors are taking a stake if they get shareholders' approval.

[buggy] 27/5/2010 09:08

Not bad... but still glad I am no longer in this.

Another share consolidation and another change of name. Was in for 3 name changes and several consolidation. Anyway can't complain it made me near £65K during the last spike a couple of years ago.

Hopefuly from here on it will reward the long term sufferers. Will still keep in my monitor just to see how it pans out ... but I have probably had my time and would not return at 45p a share.