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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Gran Tierra Energy Inc. | GTE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -5.00 | -1.04% | 475.00 | 10:06:37 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 480.00 | 475.00 | 480.00 | 475.00 | 480.00 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 07/4/2011 07:27 by cecky gerryjamesThe company may have a great future as a private company. But what is the point in a speculative punt when you are unable to make a quick exit, unless there is a takeover? Just 7 working days left before delisting and you think investors will be happy to hold shares in a private company.Doubt it very much. As regards your £10k investment, you do not say if your embassassing average is a high or a low figure. Remember EVERYBODY who bought shares in GTE in March is showing a paper loss. About to be delisted and a 20%+ spread. No thank you. As regards a better speculative punt, I will put my money into NGG. No need to apologise about your mistake. I come across ignorant people every day. |
Posted at 06/4/2011 17:07 by gerryjames "The company may have a future but investors do not want to be locked into a private company."Cecky, I've 10 grand at an embarrassing average going into the private company based on the future fundamentals and possible take over. I bought some more this afternoon. If you can think for a moment, it's a spectulative punt, you should do the same at these levels if you can aford it and don't need the cash. Have you made anything out of this so far, old boy? Oh! that's right your a serial posting know it all hobby trader. Sorry my mistake. |
Posted at 15/2/2011 21:27 by yasx Alberedwin,Referencing your post 2561. I sympathise with your stance, given that, by your own admission, you held the shares for a considerable while, hoping those at the helm would steer the ship away from rocky waters. There is a harsh lesson to be learned here - blaming the regulatory environment might arguably have some merit, but the real lesson is that one only ought to back good management. This is not as easy as it sounds, since some of those running this outfit have credible backgrounds. But, when the disappointing releases started to appear a year or two ago, investors ought to have cut their losses and only retunred if and when a demonstrable and sustained turnaround showed. It did not, and at the end of the year when I looked in, the balance sheet looked a mess, and I only perused a few of the releases from the past year and the whole thing did not seem right to me - cash burn, the issue of D Loan notes, the garbled RNS in Decemebr and the rest. I hope you are able to absorb the loss and live to fight another day. Your support for the company has, in one sense, been admirable, but in my experience if the Board of Directors repeatedly let investors down, it is time to cut and run, irrespective of the potential of the company concerned. If, as happens occasionally, they change their spots, then you can change with them. But to back them despite the obvious failures borders on recklessness. The features of these types of outfits are all too similar - huge cash burn, continually tapping investors for cash, poor cashflow, irregular updates, excuses for poor performance, endless promises of jam tomorrow and the rest. I hope you embrace this comment in the manner intended - for the avoidance of doubt, it is not intended as criticism. All the best. |
Posted at 04/1/2011 20:30 by 6kenny yas/jwe,Great posts as usual. Seems highly misleading in the RNS of the 29th when they say things like ...GTE is well positioned to take advantage of blah blah blah' and then the next RNS is the biggest clanger we could have ever imagined! The cash burn is deplorable and is just cast iron proof that the current management is very,very incompetent with regards to running a company. They need to speak with the loan note holders and major investors immediately and ask for more time whilst they look to sell the entire company, pay everyone off and then all do a COURSE IN BUSINESS MANAGEMENT whilst they also do community service for fleecing private investors through lack of regular, clear and concise communication....IMH How low do we go tomorrow, still a heck of a lot of people to cut loose after the buying frenzy of last week. GTE is very illiquid and I see it settling at 2.75p-3.25p by close of play Friday. |
Posted at 01/1/2011 15:07 by 6kenny Don't be deceived into thinking that this can't go bust because it has big investors involved who bought in at much higher prices.Those same investors can buy it from the administrators and get their money back plus more moving forward. I am not sure about anyone else but I found the title/subject of the last RNS highly misleading...Posting of circular to shareholders... It then goes on to outline possible and potential grim consequences for shareholders even though the previous RNS had comments like...'We are well positioned to take advantage of this' etc,etc. If you are worried about losing your investment then I suggest you join me in contacting GTE and demanding some answers before it is potentially too late. |
Posted at 31/12/2010 18:38 by tullynessle It is hard to effect rational, complete and balanced review when it appears that Private Investors, (including me), may consider that they are being manipulated.It is not for me to pronounce on whether such fears are reasonable. I suppose concerns could arise from the following: (a) release of selective data e.g. Details of financial problems highlighted without release of financial and operational information about "two major longer term service agreements with leading power generation companies" and, e.g. Details of financial problems highlighted - without financial goals and timelines for "GTE's cost structure will be re-focused on sustainable profitable growth of these core product lines; an extensive cost reduction programme is underway to lower the cost base and eventually generate free cash flow" etc. etc. etc (b) Alignment of all Shareholders' interests during fund raising (Do any shareholders / investors benefit from the Share Price falling in the near term?) (c) Perception of the potential formation of "poison pills" or perhaps, "complication pills", during a period when the Company may be attractive to Third Parties (post sale of the aviation business). e.g. Amendment to Warrant excercise price. I could go on..... To be fair there is an abundance of information in News Releases issued since 30th June 2010. I have included a couple of extracts below - one of which describes an investment of $11m (perhaps one-off expenditure?) Extract from Current Trading - 29th December, 2010 Current trading, strategy and prospects Sales for the first nine months of 2010 were US$25.0m including aviation revenues of US$3.9m. Sales for the full year are expected to be in the region of US$40.0m, which would be an increase of 7.8% over 2009 due to an increase in sales in GTE's Energy Services segment, primarily Turbine Services and sales of Combustion parts being partly offset by a decline in sales of Auxiliaries (reflecting continued spending constraints among customers). The Company recorded a net loss for the first nine months of 2010 of US$3.2m; a substantial portion of this loss was exceptional costs associated with the potential investment in the Company by a strategic investor, which terminated at a late stage in negotiations Extract from 2009 Final Report - Released June 2010 GTE kept focus on strengthening the infrastructure and product offerings in preparation for the rapidly emerging market opportunities. We took several long-term actions that are expected to pay significant dividends in 2010 and beyond. We invested over US$11m in new products, capabilities and infrastructure that will start delivering benefits as early as 2010. These included combustion maintenance and upgrade solutions, expansion of the EcoMax optimisation platform, compressor cleaning products and aviation product lines for the small, military and helicopter segments. |
Posted at 30/12/2010 12:33 by tullynessle Does disposal of the Aviation business facilitate the entry of a (the) "Strategic Investor" in circumstances where the "Strategic Investor" is engaged solely in supporting the Energy / Oil & Gas Sector?Note the reference to "at this time" in the extract below..... Extract from GTE RNS dated 29th Dec, 2010 "The Company announced on 18 October 2010 that discussions with a strategic investor had concluded and that the strategic investor had decided not to make an investment in the Company at that time" |
Posted at 30/12/2010 09:47 by empirestate 6k, the sale of the company is the likely outcome here imo, the sale of the aviation business was essential and was probably pressured by the largest investors, being the loan note holders, as they obviously need to protect their significant interest in the company. raising funding will always be an issue with a company such as GTE and the reason for not being able to attract a strategic investor would have been primarily due to the largest investors not willing to have their holding diluted by a new shareholder who wanted to get a decent deal. the share price obviously also didn't assist as the dilution to the largest holders would not have been worth their while accepting. in the short term through the sale of the business there is a liquidity cushion from the funding,which yes will be required to a large extent to meet the loan note repayments down the road. the price obtained for the aviation business is reflective of the intrinsic value of the GTE product offerings rather than the existing earnings performance of the offering and with this in mind i think that fairvalue for the remainder of the business including debt would be around 25p to 30p. |
Posted at 06/7/2010 15:59 by empirestate Albert, the governing factors for the share price in the short term are 2, which are reasonably obvious are 1) performance revenues for Q2 to show double digit sectoral growth and 2) strategic investors via a placing which would have to be set at a premium to the current share price in order to get the existing shareholders to approve. from a PI perspective i doubt there will be little interest until these factors are clear. Am sure that will see notice of Q2 performance at the AGM on 4th August, however the issue of strategic investors is still very much determined by GTEs and the large shareholders desired terms and potential considered medium term benefits to the investors. At this stage the large shareholders would be aware of the need for the additional capital to support corporate growth in order to be able to recoup a return on their initial investments, however the consideration of potential benefits to stategic investors and the pricing thereof often are quite long winded considerations in particular in large corporations, therefore it would be a result if a deal with investors would be announced by the AGM date. |
Posted at 12/5/2010 09:25 by tullynessle With respect to the statement about "Strategic Investors"a. Are the potential investors "strategic" to GTE or is GTE "strategic" to the potential investors? b. What does "Strategic" mean in terms of a potential investor to GTE - e.g. - is it an operational partnership - e.g. Joint Venture type of arrangement to secure more contracts - leveraging compatability between services? - is it a commercial relationship when the strategic investor takes a significant stake in the Company and provided funds for more expansion etc. (Question - does GTE need more funds?) - is it a takeover by competing "strategic investors" - or could this be an end result in the medium term if not in the near future. Whatever the answer I believe 1) that GTE should be negotiating a premium if a stake in the Company is to be sold 2) that the Company should be stronger in terms of its operations, financial capacity, revenue and profit opportunity if the benefits of "strategic" are to be delivered. All IMO / DYOR "The company also announces that it is currently in advanced discussions with a number of strategic investors and that it has decided to delay publication of its full year 2009 results until discussions have been concluded" |
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