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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Global Marine | LSE:GME | London | Ordinary Share | GB00B0SP6N19 | ORD 2.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 15.60 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
16/12/2007 19:46 | I don't disagree with your historical analysis, s_k, and indeed I said as much in my previous post. But faced with the likelihood of making a decent return within 3 months, that analysis is not only irrelevant, it's misguided. If you invest in shares only in anticpation of 1000% returns, then good luck to you, and if you achieve it you're a better man (in one sense at least!) than me. | pbracken | |
16/12/2007 19:41 | give me 70% (and hihger) chance of profitting 40% (11.5p to 16p) over wishful thinking of it being a 10 bagger... anyday. | n s fletcher | |
16/12/2007 19:33 | 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%. | sicilian_kan | |
16/12/2007 12:25 | There was a trading update given last november. None was given this time round. | cyberpost | |
16/12/2007 12:08 | £250k is about one week's losses for GME, a drop in the ocean. | sicilian_kan | |
16/12/2007 11:37 | Emer will be allowed to modify if there are material changes, eg financial situation becomes worse, otherwise no they cant modify. They can pull out. If they do they lose money they've paid out for DD and whatever legal, Nomad fees they've paid (probably about £250k). The share price simply reflects the nervousness right now. No I didnt attend AGM. I dont wish to talk to the current board. They are incompetent and therefore do not answer questions relating to the business going forward. | companyfounder | |
15/12/2007 09:01 | Sorry Cyber, another poster called privy gave the BIO example on another site and i wondered if it was you. | murtceps7 | |
14/12/2007 23:19 | privy to what ? i dont have any inside info mate. just giving my opinion. | cyberpost | |
14/12/2007 23:17 | cyberpost Are you "privy" ? | murtceps7 | |
14/12/2007 19:40 | SK that's what people said about BIO (take a look at the BIO thread). 30p bid yet the share gradually dropped to 12p (especially 3 weeks ago when the most AIM stocks got trashed). It seemed to good to be true...buying at 12p and you would get 30p ? yet I kept buying. 30p was finalised and I made 100%. Profits have gone into this stock (£25k). | cyberpost | |
14/12/2007 19:14 | Hi CF did you go to the AGM and if so what happened? | chestnuts | |
14/12/2007 17:52 | Hi guys. Emer are still going to do the deal at 16p. They have recommended this price to their shareholders. They will not have the opportunity to haggle. If they do they will be in trouble with take over panel and the locked-in shareholders (and Brian Chang wouldn't be very happy). So lets not panic, let it take its course, and hope Mr Will hasn't done too much damage. CF | companyfounder | |
14/12/2007 14:56 | Spec says...I wouldnt count on it ! | murtceps7 | |
14/12/2007 14:02 | resiaK says SHARE PRICE must go up because of this 'news'. | resiak | |
14/12/2007 13:52 | POMP says EMER are still up for it EMER says EMER are still up for it!! :) | pomp circumstance | |
14/12/2007 12:23 | yep... 16p takeover is still on. market reassured. | cyberpost | |
14/12/2007 12:14 | I think we're back in business. The statement simply reinforces the offer, updates on likely timetables, and silences some creeping uncertainties. If anyone has the funds take up this stock, you're effectively paying 11.5p for 16p. No brainer. | pbracken | |
14/12/2007 12:06 | Is this (just released) reason for drop yesterday? Maybe MM's got wind? What are these exchange condition waivers which EMER couldn't get through? Is this something to do with funding? Global Marine Energy plc 14th December 2007 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM AUSTRALIA, CANADA, JAPAN, THE UNITED STATES, OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE LAWS OF THE RELEVANT JURISDICTION FOR IMMEDIATE RELEASE RECOMMENDED CASH OFFER FOR GLOBAL MARINE ENERGY plc ("GME") BY EMER INTERNATIONAL GROUP LIMITED ("EMER") EMER announced on 16th November that the posting of its offer document had been delayed until nearer the date of the general meeting of EMER required to approve the offer. Since then, EMER and its advisers have been in discussions with the Hong Kong Stock Exchange regarding proposed waivers of certain of the Exchange's requirements in relation to the contents of the circular to convene the EMER general meeting. Unfortunately, it has not proved possible to obtain the waivers which EMER was seeking. EMER has also been working with GME and various advisers to EMER and GME in relation to the production of information required for the circular. EMER now expects to hold its general meeting to approve the acquisition by the third week in March 2008. EMER will continue to work with all parties to bring this date forward. In view of the need to ensure that EMER's offer is capable of becoming wholly unconditional within the timetable set out in Rule 31.7 of the Takeover Code, the offer document will only be posted on or shortly after the day 42 days prior to the date of the EMER General Meeting. Assuming a meeting on 17th March 2008 the posting date would therefore be on or shortly after 4th February. EMER remains fully committed to the GME offer. Contact: Fairfax I.S. PLC (advisors to EMER) Omar Bayoumi /Simon Stevens: +44 (0)20 7598 5368 | the_owl | |
14/12/2007 10:59 | looks like someone couldnt resist the chance of a quick buck!! | pomp circumstance | |
14/12/2007 10:59 | EMER have the money, they raised it before the offer was made! | pomp circumstance | |
14/12/2007 10:47 | Pomp, cheers for the posts :) | filster | |
14/12/2007 10:47 | That would make GME a sure bet; unless EMER is not able to raise the money for whatever reason. | resiak |
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