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GED Global Energy

14.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Global Energy LSE:GED London Ordinary Share GB0031461949 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 14.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Global Energy Development Share Discussion Threads

Showing 6401 to 6421 of 6725 messages
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DateSubjectAuthorDiscuss
14/1/2016
08:39
Difficult in these markets to see what to punt on for a recovery.

A few individual companies doing O.K. Sector wide it looks uncertain.

I was always surprised this one fell so much. 23 Million GBP cash in bank and it falls to a MC of 8m recently.

A company holding 2-3 times its value in cash is surely a decent punt in these markets.

Probably this one overlooked bacause folk think it is an oil company - which it no longer is.

loverat
13/1/2016
14:28
Well spotted and good to see what the US$10m loan was spent on although I cant confess to understand the significance of these vessels but imagine Everest Hill have driven a hard bargain. As long as they repay on time all is well.
norbert colon
13/1/2016
14:01
Vessel & ROV News // October 7, 2015


Fearnley Offshore Supply says Everest Hill has picked up the vessels Mystic Viking (built 1983), Cal Diver-1 (built 1974), Midnight Star (built 1975) and Rider (built 1996) for approximately US$10 million.

All were formerly owned by Cal Dive, which entered voluntary Chapter 11 proceedings in March 2015.

bwanad
12/1/2016
22:04
hxxp://www.oilpubs.com/oso/article.asp?v1=16413
bwanad
12/1/2016
21:24
Read about the loan they gracefully entered into. Do you know what you have invested in?
anangf
12/1/2016
20:25
Thats your rules Anangf-if that suits you sir ,thats fine, however others have other rules.
Although they are an oil company they had the sense to sell the majority before the crash and are now basically a cash shell and not operating in the oil market. They have cash of about 67p per share which may be returned to shareholders. Thats over twice todays price, so for me that's a pretty good gamble and not related to the oil price,but you would know that if you have done the research of course..

loobrush
12/1/2016
19:42
Sorry chaps this is a disaster zone.

Lessons learnt:
1. Avoid Aim
2. Avoid all oil stocks
3. If cash > market cap, odds are cash will bleed to prevailing market cap and you won't see the implied value .
4. Go back to rule 1.

anangf
12/1/2016
16:19
Skyship

Did he say whether chance of returning cash to shareholders?

Thanks

ghhghh
12/1/2016
14:50
Dead right too, much too cheap, I've bought some-could easily double as cash 60p plus
loobrush
12/1/2016
14:39
Tipped by Simon Thompson - IC Online...
skyship
12/1/2016
14:30
It makes sense this rises as the oil price plunges. Still valued at less than 50% of net cash though.
hugepants
27/11/2015
05:46
Yes, but even so there is about 60p cash per share and this is sitting at 24p. Many companies holding cash don't issue a dividend and then fall to nearly a third of the cash level.

Its a difficult one - in one respect you can see why the BOD are biding their time looking at opportunities. They did a good deal selling assets before the oil collapse and you don't want to see the money wasted when the picture is still not clear. But then again it looks like they are being paid for doing nothing.

Anyway, I hold a few of these and they say cash is king so will keep holding.

loverat
26/11/2015
16:59
Market clearly doesn't believe shareholder will ever see the majority of the cash. Based on the recent actions of management to make loans to related parties this looks a fair position to take. Why didn't they pay a special div or buy back some stock?
Shame as this felt like a nice play before the oil price collapse.

anangf
26/11/2015
15:22
This one is a puzzle.

Last reported cash about 23.8M GBP at today's exchange rate.

Market CAP 36% of the cash.

Some oil assets but I don't think any significant liabilities or obligations.

The market is bad all around but just wondering if this one has been over - punished for being in the oil sector rather than a cash shell.

loverat
19/11/2015
21:04
Incidentally, I heard a rumour that your name appeared on this list - HQ08X01191.

And another I heard was that a couple of years before the claimant in the above case reported you to Gloucester Police for taking Ketamine while posting? Rather I read this post:


Anomalous - 18 Apr'07 - 21:06 - 53877 of 58550


>Matrix6

I'm glad to hear by your own admission that the authorities saw fit to incarcerate you in Gloucester Prison.

I had several conversations with your local police force and they were alarmed to hear of your frequent use of drugs such as Ketamine. Indeed, part of the reason they were surprised was due to the fact that the doctors they consulted, told them it was a horse sedative. I believe that they thought that you might be masquerading as one of the entrants of the 2:30 at Chepstow!

loverat
18/11/2015
13:40
Wow - a new low.

Stocks falling across the board but this one has cash of 23m GBP and assets against a market cap of 8.5m. You would have thought holding cash in these markets would count for something.

Wonder if there is a seller. Seems to be large buys and one or two smaller buys which keep pushing this down.

loverat
19/10/2015
00:22
This loan to a shareholder... big red flag.
cinques
22/9/2015
13:44
From discussions at the AGM with the rep from Jeffries who have been appointed to look for potential M&A opportunities, it was clear that they had not been given a deadline by which a deal had to be done - it was more an open ended agreement for Jeffries to try and find something suitable and at the right price. It was muted that they would hope to do some kind of deal (or return cash) within 12 months but that was not a certainty.

It seemed to me the BoD were making efforts to reduce headcount and costs to ensure their ongoing costs were in hand so personally I see it as needing further patience and trust that they will either find a deal that is suitable or return the cash.

On the face of it, the current valuation is a bargain. Given the concert parties, controlling shareholder, O&G sector malaise and general AIM shenanegans means investors clearly don't see this as a racing certainty although of course it very well may be. I currently hold.

norbert colon
19/9/2015
10:36
I think it's more of the overall picture...

There doesn't seem to be any direction of the company, what are they doing behind the scenes ? It seems not an awful lot.

Surely in the current climate there are lots of great opportunities to acquire a great asset at a discounted price..

This latest news it's like they don't know what they are doing

Certainly need some new energy and leadership

dicko80
18/9/2015
15:56
The best thing that a cash rich company can do when its shares are trading at a large discount is to buy its own shares.
The simple arithmetic of this is utterly undeniable.
If this loan goes full term ( six months) GED has made a nice short term gain on some of its cash.
A much better option would be a default and they pick up $8m worth of shares at 30p a share.
I don't doubt the share price would fall as aim investors see the headline of the default, panic and sell.
What's new ?
This scenario hardly makes the share less attractive to reasoned and reasonable investors.

pavey ark
18/9/2015
05:32
Of the collateral how much is GED shares?

Anyone who thinks this is a good trade needs to understand GED already trades at a discount to tangible book. Holding that constant, I would expect any default and the subsequent impact on market cap to be greater than the 'gain' via the extinguishment of stock.

There is nothing good about this transaction.

anangf
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