Global Marine Energy Share Discussion Threads

[pomp circumstance] 05/11/2007 17:20

yeh missed that one.

Insider trading from the yorkshire mafia?

[david77] 05/11/2007 16:45

RNS @ 12.40 today Hygrove Investments buy 1.5m @ 13.5p

UNIT 4 WYTHER LANE INDUSTRIAL
ESTATE WYTHER LANE KIRKSTALL
LEEDS
WEST YORKSHIRE
LS5 3BT
Type: Private Limited with share capital
Incorporation Date: 24/01/2006

[pbracken] 05/11/2007 13:58

LONDON (Thomson Financial) - Gartmore Investment Management Ltd said it now holds 15.99 mln shares in Global Marine Energy PLC, representing a 22.12 pct stake, after it purchased 1.50 mln shares at 0.13 stg each. [e-mail]

[pbracken] 05/11/2007 13:17

EMER doesn't have to haggle; it just needs to offer a half-decent price.

As for your suggestion company founder; you've failed once already, and an offer to 'step in' and save the day just smacks of outrageous arrogance, which is precisely the quality in a CEO we don't need.

[companyfounder] 05/11/2007 13:09

A price war is imminent. Emer will not be able to get involved because of their listing; it will have too many regulations to be able to haggle.

The company needs a CEO, with oilfield experience, knows handling equipment inside out, and will not be fooled by the excuses of middle management. Then, only then can we get £5m plus profit.

I'm not sure the shares will ever represent the profitabilty because the company now has a painful history, but it should be possible to get 35 to 40p.

With 2 years profit the company should be touted for acquisition and would get 60-70p.

I would be willing to step in and do this job and bring in a new nonsense board.

Can we swing this or can we get enough small shareholders together to achieve this?

[the_owl] 05/11/2007 13:04

Was happy to exit 13.10. 44% was sufficient profit for me on reentry after last few years of loss! My new position was not big enough to make a significant difference whether 25p or 13p - hence the decision.

Good luck to all holders...I hope this zooms. With any luck this rise may smoke out a 3rd buyer...watching from the sidelines & currently exploring the RAF (new) & SEO - only 2 stocks I hold now. Like Volvo - lessons learned & pretty well back to trading apart from small(ish!) positions in one or two smalls I think will eventually do well.


O

[crockanure8] 05/11/2007 12:08

I would suggest that a more realistic bid should be 25 to 30p. I don't include the 200 million order book because they prob were sold at cost as we all seem to agree on. However most companies cannot find staff and expertise (management excluded) and in booming climate the business warrants at least 30p.

Crock

[crockanure8] 05/11/2007 11:51

Pomp.
I hope and a little bit more.

Crock

[pomp circumstance] 05/11/2007 11:46

That 250k must be a buy as the price ticked up again!

people certainly betting on a new bid.

100k at 13.875 man must be better on at least 15p i would have thought.

[pomp circumstance] 05/11/2007 11:44

Our Mr James , AKA he hoki koki man, now takes out a 437k short CFD!!

[crockanure8] 05/11/2007 10:11

Either the MMs know something or there's a big gamble going on here. Have we another bidder ????

Crock

[volvo] 05/11/2007 08:38

Here we go.

[david77] 04/11/2007 07:16

I will be going to Friday's EGM on the 9th. I want to demand a poll - counting votes cast - but I need another shareholder present or a proxy who agrees with me, otherwise, result will be by a show of hands of those present at the meeting.

[companyfounder] 04/11/2007 06:30

Anybody attending the GM?

PF tells me he's over, might be worth going just to interrogate him.

[pomp circumstance] 03/11/2007 21:10

Still alive just back from football in uk. Just waiting for the next bid. Gartmore adding shares is interesting.

[companyfounder] 03/11/2007 19:51

Is this still live or does nobody post Fridays?

[david77] 02/11/2007 19:02

Thanks EOC - that makes sense.

[eoc74] 02/11/2007 19:01

Thats Worthington Nicholls David. Those guys have demanded an egm to replace the board. A move I will support. The chaiman sold £2m worth of shares at £1.70p before they issued a series of poor RNS. Another of the charlatan companies on the aim.

[murtceps7] 02/11/2007 18:59

When it comes down to it, its just a gamble, no more no less. If you seriously see it as any more than that you plainly don't understand how the AIM works.. You go up the ladders and down the snakes...and there is a lot of snakes in this game :-))

[david77] 02/11/2007 18:52

What's this all about - or have Investors Champion got their knickers in a twist??

GLOBAL MARINE ENERGY (AIM:GME) Beart backing questionable, to say the least!

Apparently a new management team of Simon Beart and William Good, both previously at Revenue Assurance Services have the backing of 14.51% of the group's shareholder base.

Why on earth these 2 financial engineers, who, as far I know have never actually had anything to do with an oil equipment services business have the backing of 14.51% of the shareholder is totally beyond me.

GME surely needs a proper team of experienced oil equipment service operators to roll up their sleeves and sort things. If there really is a decent order book still to speak of it’s surely operational issues that are paramount!

It looks like Messrs Beart and Good are simply looking for another job after off loading the bizarre creation that was RAS

[mikey34] 02/11/2007 18:14

Agreed,David

It depends on the quality and integrity of the management.I`ve had a few good ones.The problems arise with the lighter regulation and when absolute charlatans get involved.