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GOC Global Oceanic

168.00
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Global Oceanic LSE:GOC London Ordinary Share GB00B079WL45 ORD 0.0003P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 168.00 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Global Oceanic Carriers Share Discussion Threads

Showing 351 to 372 of 1150 messages
Chat Pages: Latest  22  21  20  19  18  17  16  15  14  13  12  11  Older
DateSubjectAuthorDiscuss
30/5/2007
00:35
Lets just say, it certainky cuts down on the free float....... ;)
papalpower
30/5/2007
00:31
Someone owning 65% of the company???? Under normal circumstances would this not be a prelude for a takeover offer???
tadtech
29/5/2007
21:32
Global Oceanic Carriers Ltd
29 May 2007


Press Release 29 May 2007


Global Oceanic Carriers Limited

('GO Carriers' or 'the Company')

Holdings in Company

Global Oceanic Carriers Limited (AIM:GOC), the Greek-based drybulk shipping
company, today announces that it has been informed that on Friday, 25 May 2007,
Trafalgar Funds and Argo Global Special Situations Fund sold their entire
portfolio, of 18,612,931 shares and 6,646,435 shares respectively, at £1.18 per
share to Solstice International Investments Inc (Solstice).

International Trading Inc, a company of which Michael Tartsinis (the CEO of the
Company) is director, also transferred 761,449 shares to Solstice and a further
5,737,477 to Tildough Holdings Inc (Tildough) at 0.74 pence per share plus a
contingent right to equity in Solstice/Tildough. This was International Trading
Inc's entire shareholding in the Company and represented all the shares that
Michael Tartsinis was directly or indirectly interested in.

Michael Tartsinis and Antonis Nikolaou (another executive director of the
Company) are both associated with Solstice and Tildough and will be appointed
directors of both companies in due course.

As a result of the transactions Solstice International Investments Inc. holds
26,020,815 ordinary shares in GOC representing 65% of the issued share capital
of the Company.

Tildough Holdings holds 5,737,477 in GOC representing 14.3% of the issued share
capital of the Company.

Commenting on the transaction Michael Tartsinis, Chief Executive Officer at
Global Oceanic Carriers said 'I would like to thank Trafalgar and Argo Funds for
their commitment to GOC. The new structure is committed to the company and aims
to keep on track with company's business plan for fleet expansion through timely
and selective acquisitions'.

- Ends -

For further information:
Global Oceanic Carriers Limited
Michael Tartsinis, Chief Executive Officer Tel: 00 30 210 898 6362
mtartsinis@gocarriers.com www.gocarriers.com


Jefferies International Limited
Andrew Meigh Tel: +44 (0) 20 7618 3500
ameigh@jefferies.com www.jefferies.com

Media enquiries:
Abchurch
Henry Harrison-Topham / Charlie Jack Tel: +44 (0) 20 7398 7700
henry.ht@abchurch-group.com www.abchurch-group.com



Needs a bit of thinking about! But initial reaction is that it gives greater security for growth.

henryatkin
29/5/2007
19:11
So now what ?, 80% held by 2 parties .will we get taken out before we can get our rerating?
abubryn
29/5/2007
16:39
until then the share price will be shaky and the mms will be loving it .
abubryn
29/5/2007
16:20
I contacted GOC directly to ask about the trade and they have replied:

"As per AiM and GOC rules, there will be an RNS announcement in due course."

Hmmmmm!

luckyjonah
28/5/2007
10:23
From

who I followed here, in the first place: -

quote
We've also sold GOC for a profit of around 6% - an enormous sell at well under the bid alerted us and we got out quick, could be a stake swap but someone was keen to get out and best to be safe, we may buy once rns is out as to who sold all the stock.
unquote

Right or wrong, I will stay put, at least for a while.

I hope they don't mind my posting their words here.

johne1
28/5/2007
09:26
Post 295 of 296. What at 74p. That would be a loss of over £2M on the deal. Is anyone going to be that desperate for cash? Got to be an old unreported trade possibly from back around 6th Feb when we had an intra day peak of 97p from 76p on fairly low volume. Could be one of the original kicked out directors but for sure not a current trade. No U turns here HT. Nothing goes up in a straight line but the uptrend is firmly intact imo.
henryatkin
27/5/2007
19:48
Post removed.
hightech
27/5/2007
19:48
Over 5M sold and the same number bought. As it is a tax free trading share the trade could be executed by one single holder from one account to another account or between two holders. Abubryn could be right too!!!

Get ready for a U turn.

hightech
27/5/2007
11:28
Being my usual cynical self the thought crossed my mind it could be a deliberate ploy to cool things down .But then how did I get it in my head that such a devious thing could happen in this strictly monitored climate .
Well whatever it caused a retrace and I for one will be happy to add next week when it should go in only one direction --dyor

abubryn
26/5/2007
17:42
Not sure what that was all about, but added another 10k at 110. It's a bit hazardous taking a stake in AIM shares at best, but when the company is trading from Athens, the lack of regulatory knowledge and shady trades are pretty much a given. Still, company looks sound, and they managed to arrange good long term charters at the BDI peak, so nothing to argue about there.
idioterna
25/5/2007
16:05
Yes I realise they do not have to report the trade, but they have done so in the past (as you would hope)
luckyjonah
25/5/2007
15:27
Should also add, that although the company is informed under the AofA, they do not have to report to the market, under AIM rules as they are overseas (although most companies do report the trades once informed).
papalpower
25/5/2007
15:26
That's the companies AofA.....but not a market requirement, and same as many overseas stocks, it is often ignored and there is no penalty for reporting many many months after the trades.
papalpower
25/5/2007
15:23
"As previously announced it was ruled that the Company does not fall under the
Takeover Code requirements regarding significant shareholdings. However under
the Company's articles of association it is a requirement that the Company be
informed of all significant purchases or sale of shares."

So you would still have expected the deal to be disclosed by the company.

=> a 10% dip on "no news"!

luckyjonah
25/5/2007
15:10
And in case anyone is puzzled as to why no "Holdings" RNS was ever issued for this late reported trade, then do not forget GOC is not a UK registered company, and therefore the buyer/seller did not have to report their trades to the company.
papalpower
25/5/2007
14:32
The MM's sure know how to scare some people into selling :)

If you look at the trade times, you'll find the 74p trade (owing to their size) happened some time ago........likely when the price was near 74p...? :)

They are naughty some times the way they report their "L" trades (and yes, its now "L" (Late reported) after corrections and deletions)

papalpower
25/5/2007
11:25
Just called investor relations - they don't know why an rns hasn't been released either. But level 2 is firming up so I'm buying not selling.
idioterna
25/5/2007
10:39
Don't worry Idioterna, we still have BP. LOL
jak1
25/5/2007
10:37
I thought I was being sensible by spreading my exposure to the sector across three companies. I was horrified to see the scale of litigation CKN is facing, now there are murky dealings at GOC. If it wasn't for BMS I would rate this sector about the same as the oil explorers.
idioterna
25/5/2007
10:26
Certainly looks strange, but without an rns it could be a transfer of shares from one director to another - see directorate change from 15th May.
idioterna
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