Helikon now has a significant minority stake, having purchased the Glazer holding. Helikon's historic investment track record is impressive. What next I wonder? |
You wanted us at 80p Bernie. Most people have done very well out of this run. Don't fall in love with a share. Ships sailed |
GPH continues to surprise and disappoint. Today on volume of c600,000 shares the bid price is currently 320p, which contrasts with the cash offer price of c313p. I presume this is Glazer buying further shares but we'll have to await an appropriate announcement. GPH management ( Martin Brown and Alison Chilcott ) and the independent director ( Jerome Bayle ) have all recently ignored emails specifically addressed to them. All very unprofessional from a publicly listed company. |
Warned you several times about the CEO/Owner of this company ... Got told off |
GPH has been something of a scandal. Listed back in 2017 through IPO at 740p, with some shares sold by holders. Now being bought back(with de-listing to scare current holders into accepting the low bid) at c313p cash. Not a great advert for the integrity of Turkish run businesses or the LSE/City of London legal processes which are allowing this to happen. |
Cracking results and terrific potential going forward.
.......but they've recommended acceptance of a pittance of an offer, and are then going to delist. There is nothing we shareholders can do about it.
Completely and utterly screwed.
Good luck everyone, Sid. |
Why would existing shareholders accept anything lower than current price? I don't get it |
They say in the RNS:Although as a standard listed company delisting can be implemented through a decision by the board of directors of the Company and neither a shareholder vote nor a squeeze-out is required....So if they can raise the money it sounds like a done deal. A shame as the business just seems to be taking off |
I think they need 75% to delist as long as they're a UK registered company. |
What's the rules on this as they own 59 percent. Do they not votes their shares if they offer 3.00 and then the remaining 41 get to vote. |
Parent company obviously see the value in taking it private now that the cruise market is in demand. USD3 seems a bit on the low side though - about GBP 2.36 |
Market got excited by possible offer. Think misread $3.00 as £3.00! |
12 months to 31st March trading update out. Adjusted EBITDA USD 106.9M, current market cap circa GBP200M.Debt has increased, but all long term and as a result of increasing the number of ports and investment in them. |
Highest volume in 1 year and nearly the highest in 2 years. FY results should be due soon. Is reinstating a dividend on the cards... |
Going back to 2017/18 time I think the divi was circa 40p. They now have a lot more cruise ports and back / exceeding pre pandemic levels. Cruise companies are ordering additional ships and the whole industry is forecast to grow strongly. Feels like the right place, right time for GPH |
Looking strong, from MasterInvestor;
"Greg Johnson at Shore Capital is looking for the year to end March 2024 to record $160.4m revenues, $103.7m EBITDA, helping to almost double adjusted pre-tax profits to $5.7m ($3.0m).
For the current year now underway, his estimates are for $212.1m revenues, $136.6m EBITDA, adjusted pre-tax profits of $32.3m, lifting earnings up to 19.8c per share.
Taking a medium-term view, Johnson has a massive ‘fair value’ of 550p on the group’s shares, compared to the 205p at which they closed last night." |
Carnival today announcing record forward bookings for 2024. Should be a good read through for the port income. |
Encouraging trading results this morning. Does anyone have a view on when dividends will resume? Company say it will be when full recovery from Covid has taken place. Elsewhere they say 'Occupancy levels returned to pre-covid levels during the 6M Reporting Period'. |
https://lbndaily.co.uk/amp/exclusive-cruise-terminal-global-operator-revealed/ |
Out now & bought GATC |
mjb252 get your facts straight, when I warned you about the CEO of this company back in September 2021 price was at 135, then went down to 79... And on June 2022 I was the one letting the people that MSC was in talks to acquire majority stake in global ports, price was at 89 and jumped the same day to 120... Hope to see you as useful one of these days, or you can continue to write for the sake of just writing BS... |
Not really Lorse. Most people have seen how Bernie likes to knock this one. He's been telling people to avoid it ever since 80p LMAO. Bernie - do you know any reason for the massive price rise today?! |
No idea, but, I do think that something we cannot see, something we are unaware of is causing this. |
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