Global Marine Energy Share Discussion Threads

[companyfounder] 06/11/2007 17:18

About your telephone bills, what about my postal bills. I sent 1880 letters out to shareholders telling them to look at the Emer bid. my tongue is still sore from stamp licking.

[david77] 06/11/2007 17:09

I tried to sell shares today with a 15.75p limit. Both orders have now expired - does that mean that deals @ 15.75 and above are all buys?

Do others expect a higher offer?

When will we get paid for our shares if the 16p/share deal goes thru?

[companyfounder] 06/11/2007 16:51

PH. I ran the company profitably from 90 to 1999. The company advisors took us to AIM market but it took until Sept 2001, so I spent 22 months talking to brokers, advisors, lawyers and accountants (took my eye of the ball). The company floated at a time of deline and with big overheads.

Since then, PH, I have started OHS who currently are servicing $160m of orders (extremely profitable orders), note this has been achieved with a twentieth of the GME overheads.

It is not difficult in todays market to get orders. The difficult bit is delivering them on time. GME board and middle management cannot do that.

Arrogance or reality? you make your own mind up.

Brendan

[stucom] 06/11/2007 15:36

nice flask,saucepan,cup and washing machine chart forming?

[volvo] 06/11/2007 13:21

Owl agreed.

I finally got more than I once thought.

[the_owl] 06/11/2007 12:48

Volvo,
yep pretty much echoes my thoughts.

How far this can go now probably depends on DD around QUALITY of the current order book. Good orders on good margins, and could go far - well past 20p.

On the otherhand is it worth the risk, and the long wait - knowing what we know?

You pays ya money and take's ya chances...

[pomp circumstance] 06/11/2007 12:37

Thats Volvo, i think your phone bill must be up there with mine too!!

[volvo] 06/11/2007 12:32

Well done to Pomp,Bandit and Company Founder.

[pomp circumstance] 06/11/2007 12:28

EMER recently raised $37mil
so they have 18mil quid to spend.

If they can persuade Gartmore to up their stake to 29.9% and stick with them. They can take over the company holding a minimum of 70.1%

TO buy 70.1% it will cost them 8.3million quid.

They have to have the cash to cover the 100% of course so with 18million quid they could offer up to 24p.

At 24p with Gartmore keeping 29.9% it would cost EMER 12.5million quid MAXIMUM!


PLenty of room to move up a bit more!

BUT unless IDM come back in Gartmore will Vote the EMER deal thru.

[sofarbad] 06/11/2007 12:23

I would sooner have shares in a proper company than cash personally

[volvo] 06/11/2007 12:21

Lets just take the money and leave.

[pomp circumstance] 06/11/2007 11:20

yes, if the dont ask for 90% acceptance you could.

It means EMER take control by buying half the shares at 16p =

[steves2] 06/11/2007 11:14

Could there be an option to keep our stock in the new company?

[the_owl] 06/11/2007 11:02

Bet Schroders wish they had not sold at 5p!

[pomp circumstance] 06/11/2007 10:57

I wonder if gartmore will keep their stock, they have supported the bid, but im note sure if that means they have to sell their shares!

[pomp circumstance] 06/11/2007 10:56

it could be Gartmore buying, they know 16p is a certainty, they have no dealing costs i imagine and they would control the game the more they have.

rememebr they bought at 13p when the offer was 13p, without being inside according to EMERS advisors !

[crockanure8] 06/11/2007 10:55

Its not the possibilities, but the correct value of 20p + without the incumbent management and 200million order book at cost.

Crock

[mikey34] 06/11/2007 10:51

I think it`s possible Steves.It just goes to show what the possibilities were with this one.

[steves2] 06/11/2007 10:44

Someone just brought 4m at just under 16p could we have more to go........

[pomp circumstance] 06/11/2007 10:33

BT nice tactic to remember if you are informed, knock a few out before the final bid comes in to make it look like you werent informed.

Not saying anyone has of course, but something to remember for anyone who might want to act on a tip. Not that i can condone taking any such action of course being that its illegal!

Reminds me, must go and find out a bit more about that yorkshire co that bought a load yesterday!!! ;)

And must remember to get that work done on my house this week, anyone know a good stone mason?

[pbracken] 06/11/2007 10:33

IDM's VC backers may readily provide the cash and enjoy the return on GME from their investment in IDM. A higher counter bid remains a distinct possibility.

[pomp circumstance] 06/11/2007 10:31

Steven James Sold another 250,000 13.75

He'll be knocking them out now as quick as he can!!

Nice turn for him especially if he was one of the 'informed ones'!

[pomp circumstance] 06/11/2007 10:29

EMER upped their bid to get Gartmores support!

[the_owl] 06/11/2007 10:21

Very interesting - bit of a surprise this increase.

So where/how will £52m capped IDM get £11m. I think EMER will win now.
Well done to all those who held.