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GTE Gran Tierra Energy Inc.

495.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gran Tierra Energy Inc. LSE:GTE London Ordinary Share COM STK USD0.001 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 495.00 490.00 500.00 495.00 495.00 495.00 0.00 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 711.39M 139.03M 4.3114 1.66 230.88M
Gran Tierra Energy Inc. is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker GTE. The last closing price for Gran Tierra Energy was 495p. Over the last year, Gran Tierra Energy shares have traded in a share price range of 415.00p to 775.00p.

Gran Tierra Energy currently has 32,246,501 shares in issue. The market capitalisation of Gran Tierra Energy is £230.88 million. Gran Tierra Energy has a price to earnings ratio (PE ratio) of 1.66.

Gran Tierra Energy Share Discussion Threads

Showing 2576 to 2593 of 2875 messages
Chat Pages: 115  114  113  112  111  110  109  108  107  106  105  104  Older
DateSubjectAuthorDiscuss
15/2/2011
21:13
At the risk of leaving readers disenchanted, I did point out the all too obvious risks at the end of last year. It was already too late for some, but those like gdasv that continued to suggest this as a 'no brainer' ought to have their head examined.

yasX - 4 Jan'11 - 17:39 - 2426 of 2428 edit


GDasv,

You really are hopeless - you suggest that dilution is not necessary, yet the original loan notes are now due on the 15th of next month (instead of Dec. 2012 as was the case previously), and the most recent loan notes are due in a few weeks time. So unless the company enters into an arrangement to swap notes for equity, it cannot continue (unless some for of alternative financing such as bank debt can be sourced). That is not my view, it is the view of the company. This from the RNS the other day:

'' If GTE cannot reach agreement with the Loan Note Holders by 15 February 2011 the Loan Notes will become immediately due and repayable on 15 February 2011. In the event agreement is reached with the Loan Note Holders by 15 February 2011 and such recapitalisation is not implemented by 15 March 2011, then the Loan Notes will become immediately due and repayable on 15 March 2011. In either case GTE will not have sufficient cash to repay the Loan Notes''

So let me summarise this for you -


* If the recent asset sale does not complete, it's likely to be game over.
* Even if the asset sale does complete there are significant impediments.
* Upon completion, D Loan Note holders will have to be paid more or less immediately ie this month
* But even after sorting that issue out, there is the problem of the loan notes - they are due in Feb now rather than the later date that was proposed previously. It seems inevitable that they will look to recapitalise these into equity since there does not appear to be any other plausible option. This will mean substantial dilution to existing holders
*If they do not or cannot recapitalise, then the loan notes become due and they have insufficeint cash and thus will need alternative financing which is hardly a given - again, that probably means it might be game over.
* So the most optimistic scenario is that the sale is approved, D Loan note holders are paid off, the rest is retained for working capital, and the remaining loan notes are converted to equity so shareholders get diluted but at least they end up with a stake in a company that might have a worthwhile future.

The only other alternative I can think of is that they suddenly receive an approach for some or all of the remaining assets, and that approach ensures sufficient value to pay off the loan notes and reward shareholders. With only a matter of weeks to go, I very much doubt that.

Perhaps you ought to read the release again, but this time take the grit out of your eyes first.

Hope that helps.

yasx
15/2/2011
19:51
Is the Fatman still holding here?

"Four weeks back two GTE directors came to my home and presented the investment case for GTE. Generously, I agreed to subscribe at 55p. The issue was finally set at 30p. That looks too low."

Sorry for anyone who has lost money here - doubly for anyone who was sucked in by the rampy thread established by the FM

brando69
15/2/2011
19:05
'I'm concerned that 30 per cent of issuers that list on AIM are gone in a year. That feels like a casino to me, and I believe that investors will treat it as such'

'It's a losing proposition to tout lower standards as a way to promote your markets'

loverat
15/2/2011
19:01
Oh dear - yet more investors screwed over by the looks of things.

About time something was done about this. AIM was described by a foreign analyst as a 'casino' The head of AIM begs to differ with this view and says the market is 'well regulated'. An old article but I think the head of AIM has recently defended the integrity of the market.



I suggest you guys start sending e-mails and remind the idiot what is going on under his very nose!

loverat
15/2/2011
18:44
Sorry to hear about this for all you shareholders. I learnt about 5 years ago to never invest in an Aim stock. Even fund managers are dumping Aims stocks now and are putting pressure on for new regulations.
pictureframe
15/2/2011
18:39
I agree wholeheartedly with the above post. The AIM rules [not the only area] should encompass the same rules that apply to core tier holdings that are being imposed by the banks etc. Stop all the speculation and perhaps the sanity of fundamental security will return. Too many speculators about chasing the 'baggers' based on seismics, jorc, mbb, and licence approvals. Perhaps not the case of GTE. Held and sold quite a while ago. Still not a nice position to be in and I do feel for pi's.

Chin up.

muzoman
15/2/2011
18:05
Optimism thoroughly misplaced after all ! Clearly neither this Company nor its Board have in the final analysis proved worthy or deserving of ordinary shareholder support. They were very happy to take full advantage of AIM and the investing public whenever it suited them but now that circumstances have turned against them, largely due to their own inept management and excessive cash burn, are now preparing peremptorily to leave AIM in short order, effectively dumping their longstanding ordinary shareholders without a single word of regret or apology. Perhaps I am old fashioned but frankly I cannot help but regard such conduct at least as cynical, even shameful. In view of the very heavy losses personally sustained from this disastrous venture I feel justly entitled to express and record my utter disdain at this proposed regrettable outcome. Equally I fully accept that it has always been open to me to dispose of my holding at any time on the way down, and that expressions of "sour grapes" are out of order in this context. Even so all classes of investor are entitled to a fair playing field and I for one do not feel that such currently exists in the present case. Perhaps the AIM rules do need looking into with a view to more effectively protecting the rights of ordinary PIs in these kind of situations.
albertedwin
15/2/2011
15:40
Not nice! Feel for you guys. Happened to me with NPH.
muzoman
15/2/2011
15:40
A news story on GTE:
trackerjack
15/2/2011
15:05
The point would be if you believe that when the assets/company is sold x months down the line, there will not be enough to distribute to common shareholders.

Obviously within the next 6 months, the first $30m of any exit sale will go to the preference shareholders. But if you believe for example the company can be sold for $35m, then $5m will go to common shareholders. The current market cap at 1.5p is £1.5m - so the distribution would almost be double that.

The key here is:
1) What price the company can be sold at. And the distribution to the preference shareholders acceleerates after 6 months, to like £2.8+ which is scary.
2) When that event will happen. 3 months? 6 months? 2 years? never? It will be extremely hard to sell the shares without a huge spread once its private.
3) The preference shareholders own 80% of the voting rights - so they can damn well do as they please. And I believe they are in cahoots with mgmt.

DYOR as always!

boonkoh
15/2/2011
15:03
Never touch stocks "themoneymonster" ramps. He is the archetypal pumper and dumper. Shame that so many people get sucked into these kinds of shenanigans time and time again. A great many people who attempt to dabble in shares are like lambs to the slaughter.......
jimbo55
15/2/2011
14:50
But if this is delisted from AIM then what is the point of buying it?
subhi2008
15/2/2011
14:43
This is from analysts at the London Stock Exchange yesterday :
Status and Trend Analysis
Gas Turbine's medium-term situation remains bearish. However, looking at the short-term chart it would be fair to dismiss the possibility that the downtrend will continue for long. An upswing is thus expected, with first resistance at 4.13. Support is at the 3.88 level. Further bullish cues would suggest a new target price in the 4.38 region.
The above may explain why there are so many buyers.

minky65
15/2/2011
12:35
Pre - you are probably right but there are a lot of bottom feeders attracted to the low price( look at the buys ).
minky65
15/2/2011
11:57
Munna Bhai - You are quite correct of course, but I think I will stick with my original(and more simplistic)...

We get nowt

moltke
15/2/2011
11:57
Thanks Munna Bhai..I can't sell it now anyway I think its too late for me now.
subhi2008
15/2/2011
11:48
AIM B-o-Ds will always be the haunt of GANGSTERS I'm afraid. Twas ever thus.
moltke
15/2/2011
11:47
jwe, cheers, i will live to fight another day.
empirestate
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