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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Georgica Plc | GGA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 14.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 14.50 | 14.50 |
| Top Posts |
|---|
Posted at 19/7/2007 17:51 by tooredtobleed 70m sale would still leave it 20-30m in debt...Just did a little stake in CPUB, also on AIM, watching the spread tighten up in the same way as it used to on GGA... no guarantee of action but same kinda sector. |
Posted at 25/6/2007 16:43 by tooredtobleed I would not buy it yet (wait until the effect of the smoking ban takes hold) but CPUB on AIM might be an interesting alternative to GGA, the latter seems to have run out of steam for the moment. It is a relatively new share, with a well regarded management who run a tight ship in their own particular sector of the pub market. I am looking for sub 100 to get in, so it will take a while |
Posted at 07/6/2007 09:55 by tooredtobleed Thanks for that, have just sold NAS at a nice profit (actualy thought it was going to peak at 1100 some time back but it just shot on through) but not yet ready to buy back into GGA - the bond buyback should be going down about now I think, but no news on how they are going to finance it yet.If someone is bored and has nothing to do it might be interesting to go back over the last five years of GGA, add up all the director salaries, expenses and consultant fees and compare that with the total profit over that period. But to be fair, it is the kind of heavily geared company that could easily have gone bust if the banks didn't have faith in the directors! My fear now is heavy share holder dilution to clear the debt when the co is split into two! |
Posted at 25/5/2007 17:40 by tooredtobleed At one point today the MM's brought the spread right down, as if the shares were going to fall...Meanwhile, North Atlantic Smaller co's Investment Trust rose by five percent - they have a huge stake in GGA. No idea if there is any connection between these events but since I switched from GGA to NAS I am, er, smiling! |
Posted at 04/4/2007 01:54 by tooredtobleed Worse yet trading, all these minor percentage falls are probably having a disproportionate effect on profit or lack thereof.Now seems we are going to have the two companies demerged with new bank financing whilst simultaneously selling off the freeholds and long leasholds to an unknown company rather than tucking them into Rileys whilst (probably/possibily) loading up Tenpin with an excess of debt. Presumably, the banks forced them to do the (expensive, can I be a consultant, too?) bond issue which is now being called in and balanced against the asset sales, allowing them to refinance (expensive, can I be a consultant, too?) again at a somewhat lower level but no guidance on this. So on one level a classic case of asset stripping and on another a complete refinancing whilst muddying the waters by splitting (expensive, can I be a consultant, too?) into two separate companies (or perhaps three if the original GGA remains)... don't you just love AIM co's! |
Posted at 30/3/2007 02:12 by tooredtobleed May be better to hold NAS.L which has a large GGA holding but which has been doing well so far, still fear share dilution as a means of getting rid of the debt, most likely with a large wedge disappearing to the advisers |
Posted at 10/11/2006 15:41 by twirl Offer talks ended as we expected.With todays announcement GGA can start buying back shares again - at much lower levels!! |
Posted at 16/10/2006 11:08 by tooredtobleed they have said already that they thought it extremely unlikely anyone would come up with an acceptable offerI expect the bowling division to be sold off in some form or other, via freehold sites with planning permission and the rest got rid of for whatever they can get (perhaps management buy-out) which should have a big effect on their debt mountain. But then it would not surprise me if they leveraged the successful trading side of the business (Rileys) to generate cash to buy another ailing company and start the cycle all over again. Basically, no telling with these chaps (it is an AIM co after all). The good part is that institutions with large investments will probably want to book some profit so it may all go down in a way that generates some cash for small investors as well (again only a suspicion, but listing Rileys once free of most of its debt on the main market seems likely to me, which would then leave GGA as a cash rich shell company to buy something else. The GGA directors are astute, fast buck merchants who have been slowed down by a couple of years sorting out Georgica's problems. That does not mean they have much interest in small shareholders, though. On the other hand, the market won't like another poor trading quarter and the share could go lower still over the short term. (cue (sic!) for the MM's to rack up (sic!!!!) the share price just to prove me wrong). I am mostly out at the moment, BTW, some nice profits in hand. |
Posted at 03/10/2006 12:31 by tooredtobleed GGA as a trading company does not much inspire (a long drawn out saga with all the promoise sometime in the future) as all its profits are eaten up servicing an increasing debt and possibly director salaries/expenses not to mention consultants.GGA potential from the sales of its freehold sites to house developers and presumably then clearance of its massive debt is worth thinking about, though possibly mostly priced in already. The directors have stated that they find it unlikely that anyone will give them enough dosh in a takeover offer at the moment for them to take it seriously - so should we? Current bid/sell spread suggests the share price is stalled at the moment and going no-where fast but this can change on a whim - look for a 1-1.5p spread to see which way the wind is blowing (this has worked 9 out of 10 times in the past). I have done well out of this share since it recovery from around 30p (having originally bought in at 120p and averaged down several times) so ain't complaining so far! |
Posted at 21/6/2006 08:00 by twirl Intersting that we r in the am auction. Not seen that for GGA b4.Could it mean some kind of suspension |
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