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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Gordon Dadds Group Plc | GOR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 138.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 138.50 | 138.50 |
| Top Posts |
|---|
Posted at 25/1/2019 08:41 by gopher Thanks all some very good pointsJonwig suspect you are correct but no excuse for lack of a circular, drafting documents is what law firms do. Markie7 excellent point re people firm - you depend on people 100%. All in all this action shows the firm is not one for private investors which is disappointing. My trading rule is to react to the news quickly so sold at 142 for a 6% loss on purchase. There have been so many blow ups on AIM that start out with a surprise piece of negative news that it is better to limit downside |
Posted at 24/1/2019 23:39 by gopher Read the RNS - Announcement says bookbuild at minimum price of 140p, annoucement 2 say ovesubscibed and bookbuild closed. Announcement 3 says succesful at 140p.I am not totally against this type of exercise, its cheap but it does disadvantage private investors who are excluded and is dilutive depending on the price discount say 6% in this isntance. is it a poor sign they achieved only 140p or a good sign the bookbuild closed at 10:44 oversubscibed. No idea as not a city insider. |
Posted at 07/1/2019 12:48 by acropolis1728 From the maritime trade press:Gordon Dadds places Ince & Co into administration Move taken on advice of consultants as part of the takeover process. January 7th, 2019 10:11 GMT by Adam Corbett Gordon Dadds has placed Ince & Co into administration as part of its $35m acquisition of the 150-year old shipping and insurance law firm. London-listed Gordon Dadds insists the move has been completed for “technical reasons”. It stresses there is no suggestion Ince is not a going concern and the takeover is to go ahead as planned. hxxps://static.trade Gordon Dadds completes slim-lined Ince & Co takeover Read more hxxps://static.trade WFW hires former Ince & Co lawyers to launch Athens dispute practice Read more hxxps://static.trade How Gordon Dadds’ acquisition of Ince was made in Hong Kong Read more Andrew Hoskins and Sean Bucknall of law firm Quantuma are reported to have been appointed administrators. The takeover, first agreed in October this year, has been significantly restructured and it is understood Gordon Dadds has been advised not to take over Ince as a solvent business to guard against potential liabilities. Such a move in the acquisition process is known as a pre-packed administration in which a buyer is lined up before an administration process begins. It is understood the decision to put Ince into administration was taken because of uncertainty over income and balances owned from International offices to Ince, which presented a risk to investors. In a statement to TradeWinds Gordon Dadds said: “Ince & Co could not agree the balances with their international offices – all Gordon Dadds wanted was certainty as to what those balances were. “That situation definitely contributed to the advice they received from counsel in terms of protecting investors.” The Gordon Dadds deal is the first time a London law firm has been taken over by a publicly quoted rival and is viewed as a considerable risk by investors because of the lack of material assets, TradeWinds is told. The merged firm will operate as Ince Gordon Dadds (IGD). Under the scaled down deal the price has been cut to £27.3m ($34.6m) a significant reduction on the price of £34.0m originally mooted, as TradeWinds reported last week. The fee is payable in cash over four years as well as a grant of options in new shares. The international offices of Ince International are not being acquired but have agreed to enter into new network arrangements and will continue to trade as Ince & Co. However, Ince’s offices in Shanghai and Beijing will join IGD at the same time as the London operation. The assets coming under Gordon Dadds control generated fees of £30.5m in the year ended 30 April 2018. Total consideration is estimated at £27.3m payable in cash over four years and a grant of options over up to 3m new shares. New borrowing facilities of £12.5m have been arranged. |
Posted at 01/1/2019 19:09 by basem1 HNY Fellow investors and Lurkers. I missed that, I wonder if they were dutybound to inform the market in 2018. Under normal circumstances there are positives. I have nothing of note to add apart from the obvious. No dilutionStrong results. Earnings enhancing acquisitionMaiden interim dividend of note. I would suggest that an RNS like that would increase the share price in a company 90% of the time. |
Posted at 28/6/2018 15:06 by rosejs2 Tipped today by Investors Chronicle as a Buy..The early shoots of growth are encouraging, and hardly reflected in the shares' 13 times forward earnings multiple. Buy. |
Posted at 07/2/2003 20:52 by scripophilist Sorry samples123 but you are talking complete rubbish and there is no defence for the increases in taxation since the current administration took power. I guess you are not old enough to remember the last time these guys were in power!! If you are then I am surprised by your rampant optimism in the face of obvious evidence. I am not particulary interested in political dicussion, but I am interested in the policies of any government in power. It is clear that the current administration has been not been beneficial to investors and business either short or long term. But economic reality always dawns later rather than sooner.--------------- Tax Freedom Day falls on 12 June. This means that for 164 days of the year, every penny earned by the average UK resident was taken to support government expenditures. This year's Tax Freedom Day is 2 days later than Tax Freedom Day last year, and 10 days later than Tax Freedom Day in 1997. The increased burden is due to the fact that Chancellor Gordon Brown's predictions in the Spring 2002 Budget were over-optimistic. Economic growth has turned out to be only two-thirds of what he expected. He therefore had to resort to an 'eye-popping' rise in public borrowing to meet his spending plans. The result is that the date in the year when someone on average earnings stop working for the Inland Revenue and starts working for themselves has moved two days later than forecast in the Spring 2002 Budget, from 10 June to 12 June, as a result of the Chancellor's missed targets. Next year, the burden will be even higher, moving four days later than Mr Brown predicted in the Spring, from 11 June to as late as 15 June. The 12 June date for Tax Freedom Day is as late as it has ever been since the depths of the recession in 1981. And things are going to get worse. Even on Gordon Brown's figures, the burden for 2003 will be heavier than this year. But once again his predictions look over-optimistic, and if so, Tax Freedom Day will move even later than 15 June. This will make it by far the highest tax burden that the British public have ever faced. And British workers already spend more time working to pay taxes than they do to feed, clothe, and house their families. |
Posted at 27/9/2002 22:15 by pmeas Scripop,reducing manning levels should be good for an investor espcially if unproductive a company as you know need s to be profitable weather public or private.watch for £2.00 against the $ by christmas. |
Posted at 01/8/2002 02:37 by mightymicro pmease: did you go to the patel investor skule of speling?I'm a bit surprised by your one-dimensional view of the the "one emotion" Americans. Do you *really* think that? Bemused of Palo Alto, California. |
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