Gran Tierra Energy Share Discussion Threads

[moltke] 15/2/2011 11:43

We get nowt

[subhi2008] 15/2/2011 11:42

Can any one please let me know what happens to the ordinary share holders..I just saw the rns and shocked?

[jwe] 15/2/2011 11:37

I`m afraid the writing was on the wall a good number of weeks ago
Empire-I`m genuinely sorry for your losses here,it is never pleasant

[moltke] 15/2/2011 11:20

------ fini ------

[empirestate] 15/2/2011 07:40

so today being the 15th Feb, if there was no recap GTE have to pay the loan notes in full. they better hadn't try to get smart and do an after market job on an RNS.

[empirestate] 08/2/2011 11:57

albert, i am nervous too considering how much i have riding on it. i just can't understand how they could not update shareholders if they paid the d loan notes as it is significant considering the implications of not doing so.

[high stock jim] 06/2/2011 22:29

just relax, time will reward all holders,

[albertedwin] 06/2/2011 14:25

Agreed, empirestate ! What is the chance of an updating RNS tomorrow ? This does not seem to be going at all well affording ample scope for the worst inferences to be drawn accompanied by further corresponding significant deterioration in the share price. May be my optimism has been misplaced. Certainly I become increasingly nervous as each no-news day passes, not to mention substantially let down both in pocket and spirit.

[empirestate] 05/2/2011 17:58

This is painful, the company silence is deafening

[high stock jim] 31/1/2011 14:37

My trade is not showing again??

[albertedwin] 30/1/2011 23:33

empirestate - I agree entirely with your last two posts and am also very disappointed indeed that the Company seems to be returning to its old non-communicative ways. But I appreciate your kind recognition of my continuing support for the reconstituted Board in its endeavours to improve GTE's fortunes. As you know I have been greatly dismayed in the past as a result of the former management's seeming deficiencies but of late have tried to be as supportive of the new Chairman and his colleagues as possible. However I really do think that in return, and having regard to the acknowledged current critical circumstances, long standing PIs like ourselves not only deserve, but are entitled to expect, regular information, however cursory, as to how the loan notes situation and the other matters contained in the Circular are being progressed. Having regard to past experience in this regard the Board should hardly be surprised if PIs and investors generally tend to draw unfavourable inferences from the continuing silence along with unsurprising further ominous reverses in the share price. Would it be too much to hope for some kind of explanatory RNS within the next day or so ?

[empirestate] 30/1/2011 17:58

we now enter a two week period whereby a satisfactory recapitalisation agreement has to be made with the loan note holders otherwise there could be trouble. considering we did not here regarding settlement of the d loan notes, am hoping that the next dead line of 31st january will be met with an update in this regard and confirmation that talks are progressing on the recap front. having re-read the 31st dec statement again regarding conversion price conditions of the loan notes/warrants being amended to allow the conversion price to change from 10p to 0.002p this is a condition effective if the recap has not been effected or control of the co has changed prior to the recap, which is obviously a safety net for the loan note holders providing them with significant leverage to take total control if the company do not clean up their act and tow the line. if i am reading this correctly the price on the recap could be 10p if agreed within the necessary time frame conditions although quite unlikely considering the current share price a short time will tell and the fate of this company should be clear over the next 15 days. the risk here is very high but one which i, although obviously not happy, am having to take. despite the past evident weakness in the management controls and performance, we have the two new men on board taking effective action through the asset sale with the intent of reducing borrowings. GTE could come out of this a much leaner outfit with significantly reduced leverage and a clear focus on the need to operate more efficiently. An important point from the earlier RNS is the recognition to re-allign the cost base in light of the visible revenue streams.
For the sake of all holders, in particular the most patient believers such as Albert and obviously myself, i hope some sense will prevail by the board of GTE.

[gdasinv2] 28/1/2011 14:35

Inmho : Buy ....Whole Company will sold off more than 40-50p. This is my target.

[empirestate] 28/1/2011 12:18

hate to say it, but the share price is taking a deserved kicking. the company management are testing my patience for not updating shareholders ref the repayment of the d loan notes that should have happened this week and was critical under the arrangements with the loan note investors.

[albertedwin] 24/1/2011 18:01

gdas: point taken but no need to be rude !

[empirestate] 24/1/2011 09:07

should hear any day regarding repayment of the D loan notes, which should be made 3 days after asset sale completion

[gdasinv2] 23/1/2011 22:12

The CORE business is much much more VALUE than the current D-Note Position. Common apply your BRAIN and understand they returned 16p more than market cap on last avation sale. So No brainer...

[albertedwin] 21/1/2011 18:29

Mandal: Your extract makes me quite depressed knowing that GTE has been obliged to sell the aviation business. From the outset I always regarded it as an almost certain "winner", as well as a readily understood "flag waver" for the investing public. Now it has gone it must be hoped that the consideration obtained was indeed a full and realistic valuation. However the deal is done so we can now only hope for better news to come from the remaining core business, preferably sooner than later.

[mandalsputin] 21/1/2011 15:42

Pratt Growing EcoPower Engine Wash Business


Jan 21, 2011



By Neelam Mathews, Elyse Moody

Air India says it has performed 124 engine washes in Mumbai since being appointed a Pratt & Whitney EcoPower franchisee in July 2010.

The carrier is conducting the service under a five-year agreement that made it the first airline to receive the patented engine wash technology, which is said to reduce fuel burn by about 1.2%.

In addition to growing its service network, Pratt has made other moves that signify its investment in EcoPower services. On Jan. 18, it completed an agreement with Gas Turbine Efficiency to purchase its aviation business, including the patented technology behind EcoPower. Pratt has held exclusive rights to use the technology since launching EcoPower services in 2004, but it now will own that patent itself.

The EcoPower engine wash system at Mumbai Santa Cruz domestic airport could be supplemented by a second system at another Indian airport once traffic volumes justify the investment, says S. Rotkar, executive director of MRO sales and marketing for Air India. About 200 washes per year would make that investment realistic.

Before signing the initial franchise agreement, Air India conducted a similar assessment. "We collected data for two months before making the final decision to get into the partnership," says Rotkar. "The trial run data was encouraging."

With more than 400 aircraft operating in India, opportunities are immense. Air India and Pratt & Whitney say they will tap into business from other Indian airlines. An airline with which they are negotiating is expected to sign up for EcoPower services by the end of the year, says William Welch, general manager of line maintenance services for Pratt & Whitney.

Plans are also in place to tap foreign carriers parking in Mumbai. "Our pricing is very competitive compared to the rest of the world because of lower labor costs and good management practices," says Rotkar.

India is not the only growth area Pratt eyes for its engine wash services. In November 2009, it signed an agreement with Saudi Arabian Airlines to expand the EcoPower network to the Middle East and North Africa. Through Saudia Aerospace Engineering Industries, the technical arm of the airline, the carrier will wash its own engines and provide engine wash services to other airlines in Jeddah and Riyadh.

[gdasinv2] 19/1/2011 14:42

The aviation business represents c15% of GTE revenue and is worth $17.1m. Assuming the core business has a similar value vs turnover, this gives an indicative valuation of $114m for the whole business. To be conservative, we should exclude revenue from the low margin Outage business which has been closed (15% of turnover). This still gives $96m. Compare this to the current market cap of £5.5m + $20m of loan notes = $30m.

This was oversold at and is imho still cheap.

The new chairman is clearly now focusing on cost cutting and I assume that GTE will be profitable now that Aviation and Outage have been cut

[empirestate] 19/1/2011 09:34

mork, it is but the loan notes that fall due shortly are in excess of the cash, hence the recapitalisation that is due.

[morkandmindy] 19/1/2011 08:51

The cash now must be worth at least double the present market cap

[gdasinv2] 19/1/2011 07:54

15 to 16p a share.