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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Global Marine | GME | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 15.60 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 15.60 |
| Top Posts |
|---|
Posted at 03/2/2021 07:48 by imastu pidgitaswell 45 - spot on.At least GME has made profits before. And might do again. :-) |
Posted at 03/2/2021 02:02 by spob It was all the new traders that only heard about gamestop on the news last week that would have kept pushing this much much higher.The number of people downloading the robinhood app went exponential last week. And lots of people around the world in other countries were only just getting interested and starting to buy. But their ability to then actually buy GME and fuel the squeeze was stopped by trading restrictions put on the stock by brokers all around the world these restrictions would also have spooked existing holders if you remove all the buyers from the market or increase their margin to 100% or say they can only buy x number of shares, then the share price can only go down |
Posted at 02/2/2021 12:35 by spob Couldn’t trade this if I wanted toI have 3 spreadbet accounts and they all have restrictions on this stock Brokers around the world restricting the trading of this stock means the price is guaranteed to fall So the hedge funds trapped on the short side couldn’t be happier with the help they are getting The market in GME is now rigged in their favour |
Posted at 31/1/2021 15:52 by chaddie54 Hi guys n gals who owns gme shares? |
Posted at 31/1/2021 08:35 by spob exactlynothing we didn't know already by stopping trading in GME they are protecting the hedgies restricted buying by the brokers means the GME price is guaranteed to fall which allows the hedgies to get out of the trap which they created for themselves by shorting more shares than were available in the market I can tell you one thing for sure if retail traders shorted more shares than were available in any stock it would be stopped instantly but the rules are different for the 1% |
Posted at 28/1/2021 12:35 by strollingmolby I can see the hedge funds having to reach out to GME and ask them to issue them with new shares at $500, or whatever price GME determines - the HFs have no leverage to negotiate here. GME thereby raises a few billion and secures its long-term future.There will be some good books written on this in years ahead! |
Posted at 28/1/2021 08:33 by spob Zero Hedge says GME short interest still sitting at highest levelat approx 140% of free float I don't believe hedge funds who say they have fully closed their short positions it would take days to do so and you can't close your shorts if there are not that many shares available in the market to do so |
Posted at 27/1/2021 22:26 by spob How GameStop found itself at the center of a groundbreaking battle between Wall Street and small investorsThe video game retailer has become one of the hottest stocks this year in a tale that illustrates the changing face of investing Edward Helmore in New York Wed 27 Jan 2021 The Guardian The coronavirus pandemic hit GameStop hard. Like many retailers, already suffering from the shift to online sales, the video games chain is losing money and plans to close 450 stores this year. And yet, surprisingly, GameStop has become one the hottest stocks of the year. The 37-year-old chain store group is now the focus of a David-and-Goliath battle between an army of small investors and Wall Street that shows no signs of abating and has highlighted some fundamental shifts in investing. Last April, when the company announced mass closures, GameStop’s shares (GME) could be bought for $3.25 each. On Tuesday they soared another 92% to end the day at close to $148, pumped up again by small investors hoping to ruin Wall Street bets that the price would crash. It’s a bet that has, so far, proved very costly for the professional financiers. The strange saga of GameStop’s cult status can be traced back to last September, when Ryan Cohen – investor and founder of the online pet food giant Chewy – took a 13% stake in the retailer and started lobbying for it to move more of its business online and become a serious rival to Amazon. Cohen and two associates were added to the company’s board in January. The company’s share price began to soar as small investors snapped up a cheap stock using the trading app Robinhood and other services, seizing on what they saw as an ideal buying opportunity. Wall Street saw something else – a chance to “short” an ambitious bet against Amazon they believed was bound to fail. Shorting a stock is risky. It involves “borrowingR About 71.66m GameStop shares are currently shorted – worth about $4.66bn. Year-to-date, those bets have cost investors about $6.12bn, which includes a loss of $2.79bn on Monday. Monday’s stock gain of 145% in less than two hours, which extends GameStop’s gains for the year to more than 300%, is the latest sign that frenetic trading by individual investors is leading to outsize stock-market swings. On Tuesday, the party continued. When, and how, it ends is anyone’s guess. GameStop has been the most actively traded stock by customers of Fidelity Investments in recent sessions, with buy orders outnumbering sell orders by more than four to one. The volatility prompted the New York stock exchange to briefly halt trading nine times. “We broke it. We broke GME [GameStop’s stock market ticker] at open,” one Reddit user wrote on Monday after the NYSE halted trading. Ihor Dusaniwsky, a managing director at the data analytics company S3 Partners, called the situation “unique” “Much like the revolutionary war, the first line of troops goes down in a rain of musket fire but is replaced by the troops next in line,” Dusaniwsky added. The battle has become a war of attrition between a new generation of investors and established, more diversified players. Investors on the WallStreetBets subreddit forum have been promoting GameStop aggressively, with many pitching it as a battle of regular people versus hedge funds and big Wall Street firms. “This is quite the experience for my first month in the stock market. Holding till infinity,” posted one user on the thread. Another user said: “We’re literally more powerful than the big firms right now.” In some cases, they’ve been right, with larger investors like Citron Research taking a sharp lesson in what can happen when “herd investors” squeeze a stock higher. Citron’s founder, Andrew Left, called GameStop a “failing mall-based retailer” in a report earlier this month and then predicted that the stock would plunge to $20 in a video he posted to Twitter on Thursday. According to CNN, Left has now given up on shorting the stock, citing harassment by the stock’s backers. ‘We broke it. We broke GME at open,’ one Reddit user wrote on Monday after the New York stock exchange halted trading. Photograph: Richard Drew/AP Another loser is Melvin Capital Management, a hedge fund that has lost 30% of $12.5bn under management this year on a series of short positions, including exposure to GME. On Monday, Citadel LLC and its partners announced it would invest $2bn in Melvin, and Point72 Asset Management (the New York Mets owner Steve Cohen’s firm) would invest an additional $750m on top of $1bn already in the fund. “As someone who started trading stocks in the late 90s in college, I would always remember watching when the small retail trading groups would get crushed by hedge funds and savvy short-sellers,” The battle has spread further, with some accusing the financial media of backing institutional Wall Street players. In an open letter to CNBC, one Reddit user wrote: “Your contempt for the retail investor (your audience) is palpable and if you don’t get it together, you’ll lose an entire new generation of investors.” But others warned that conditions represent market intoxication. “This is the new day and age in which no one listens to the analysts: ‘Why bother, let’s just go out and buy it ourselves?’ The short-squeeze war over GameStop stock is just the latest in a series of conflicts perhaps exemplified by the war over Tesla stock. Last year, short-sellers of the electric vehicle maker lost $38bn, which S3’s Dusaniwsky called “the largest yearly mark-to-market loss I have ever seen”. It is too early to say how long the GameStop saga will continue, or how it will end, but some analysts believe both sides in this skirmish could learn some hard lessons. “I think the millennials will temporarily be rewarded, and a short-squeeze is definitely conceivable,” the investor Erika Safran at Safran Wealth Advisors said. “The stock can get pushed up so that at some point the short-sellers will fold and make the stock go higher. Eventually, it may trend down to the fundamentals of what a stock like this is willing to accept.” Safran has in the past warned that Robinhood, the vehicle many long-investors are using to make trades in GameStop, is behind investment strategies that financial planners generally warn against. “It’s ironic to me and other professional advisers that over decades we have moved away from an individual stock-picking philosophy to broad stock diversification, and this is the exact opposite,” Safran says. “Investing is not just buying one stock.” Safran says the strategy of driving up a stock in the hope of forcing a short-squeeze and riding an a individual stock are hallmarks of a conflict between the new, individual investment strategy and the old guard that recognized financial success requires diversification. “Someone’ |
Posted at 16/12/2007 19:33 by sicilian_kan lol...I don't have a problem with selling when I did. The current price shows how lucky GME were to get the 16p bid. Why EMER didn't leave it at 13p I don't know. IDM were clearly financially not as good as they pretended they were, as they didn't even respond to the 13p.My problem is not when I sold. I got out at around 11p-ish, before it tanked sub 8p which would have scared me and would have made me sell then. The problem I have with GME is two fold: 1) First, what was printed in the March RNS that led me to increase my holdings was that Patriot had (a) "higher margins"; it didn't have any margins, (b) "trade[d] strongly in line with the Board's expectations"; it didn't trade strongly, it lost 50p for every pound it spent, and (c) shareholders would be updated "shortly" on the review. Nine months later, they still haven't been updated on the review, twelve+ months into the review. These comments were passed just days before year end, and Philip Wood after everything blew up explained to me that there were two reasons for the bad results, (i) contract delays by the Chinese and (ii) late payments. GME must have known in March that payments were coming in late, as the results for year end, days later, were so horrific. Yet GME chose to publish an RNS stating that Patriot had "higher margins" and "trade[d] strongly in line with the Board's expectations". This, in my view, is disgracful. 2) Two of the board, on shockingly bad results took bonuses and paid Wood off too, as well as upping some of their salaries by huge amounts. Now I am angry and bitter at GME's conduct. But I think I have every right to be and people can see my reasons and interpret my posts accordingly, based on the above. Equally, I can take matters on the chin and only invested what I could afford to lose (admittedly a lot, and I now have a lot less). I have no intention of buying any more as their record is so poor and there are far better options now available in the market. I bought in to GME for the possibility of ten bagging. GME cannot now ten bag, it can rise 33%. |
Posted at 19/10/2007 06:41 by cyberpost RECOMMENDED CASH OFFERFOR GLOBAL MARINE ENERGY PLC BY EMER INTERNATIONAL GROUP LIMITED Summary * The Board of EMER International Group Limited ("EMER") is pleased to announce the terms of a recommended cash offer to be made by EMER for Global Marine Energy plc ("GME") (the "Offer"). Further details on EMER are set out in this announcement. * Under the Offer, GME Shareholders would receive 13.0 pence ("Offer Price") for each GME Share, valuing the fully diluted ordinary share capital of GME at approximately #9.4 million. * The Offer is subject to a number of conditions set out in Appendix 1 to this announcement. These include Special Conditions which are: the resolutions to be proposed at the GME Lime Rock Meeting convened for 24 October 2007 (or any adjournment or postponement thereof) not being passed by 2 November 2007; and the passing by GME Shareholders at a subsequent general meeting of resolutions required to enable the Spring Capital Bridge Facility to become available subject to satisfaction or waiver of its Conditions Precedent. The Special Conditions can be waived by EMER at any time in whole or in part at EMER's absolute discretion. * The Offer Price represents a premium of 44.4 per cent. over the Closing Price of a GME Share of 9.0 pence on 27 September 2007 (the last dealing day before GME announced the Proposed Reverse Takeover and the GME Shares were suspended from trading on AIM). The Offer Price also represents a premium of 30 per cent. over the value of 10.0 pence per GME Share assumed in the proposed reverse takeover of GME by IDM Group Limited. * Spring Capital and GME have entered into a conditional secured bridge loan facility (the "Spring Capital Bridge Facility"). The Spring Capital Bridge Facility is conditional on satisfaction or waiver of the Special Conditions and will be available for a term of 12 months from the date on which the facility becomes effective or 13 months from the date of this announcement whichever is earlier. The drawdown of funds under the Spring Capital Bridge Facility is conditional on satisfaction or waiver of its Conditions Precedent. The Spring Capital Bridge Facility will be for up to US$14 million at an annual interest rate of 5 per cent. over LIBOR for the first three months and 8 per cent. thereafter. All or part of the amount outstanding under the Spring Capital Bridge Facility including interest and fees may be convertible in certain circumstances at Spring Capital's option into GME Shares at 13.0 pence per GME Share. Spring Capital will be entitled to appoint a director to GME's board whilst any sums are drawn under the Spring Capital Bridge Facility. Spring Capital is wholly owned by Mr Brian Chang. Mr Chang and his associates own approximately 49 per cent. of Yantai Raffles Shipyard Limited which, acting through its wholly owned subsidiary YRS Investments Limited, owns 11.1 per cent. of EMER. Mr Chang is also beneficially interested in 4.2 per cent of EMER. |
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