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 Shares Traded Last Trade
  0.00 0.0% 117.50 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
110.00 125.00 117.50 117.50 117.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 454
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00 GBX

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Date Time Title Posts
26/10/201807:34Still time to look at Gran Tierra (GTE)-
14/10/201111:03Gas Turbine Efficiency2,834
28/11/201022:37Any +ve's???-
03/3/200807:49Supercharged efficiency20

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Gran Tierra Energy Daily Update: Gran Tierra Energy Inc. is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker GTE. The last closing price for Gran Tierra Energy was 117.50p.
Gran Tierra Energy Inc. has a 4 week average price of 117.50p and a 12 week average price of 117.50p.
The 1 year high share price is 235p while the 1 year low share price is currently 117.50p.
There are currently 386,335,507 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Gran Tierra Energy Inc. is £453,944,220.73.
wangwu: >>Nobby, Thanks for your message. So we can only have a small amount of cash, no any new shares for GTE share holders? Wangwu
minky65: from the london stock exchange website- Settlement as of 17/03/2011, at 5:45 p.m. Negative trading results for Gas Turbine Efficiency Plc as it declines -1.82%. The security opened on a par with the previous close, but then weakened as prices faltered during the session. The analysis of Gas Turbine Efficiency Plc's share price on a weekly basis highlights its bullish trend line, as it outperforms the benchmark. Thus the share is attracting more interest from the market than the index. Status and Trend Analysis Gas Turbine Efficiency Plc's medium-term scenario corroborates its negative trend. However, an analysis of the short-term chart gives a first indication that the bears are on the way out, with the share price rising towards first resistance in the 1.542 area. Support is at 1.092. Further positive moves would support the case for a new high in the 1.992 area. Risk Analysis With a daily volatility of 16.01 the Gas Turbine Efficiency Plc share has primarily caught the attention of risk-loving investors. Trading opportunities should primarily be sought in a short-term perspective, as the intraday volume of 2,563,502 is below the volume moving average of 3,902,160 for the last month. lets see if they are right.
crosswire: Gas Turbine Efficiency surges Thu 10 Mar 2011 GTE - Gas Turbine Efficiency Latest Prices Name Price % Gas Turbine Efficiency 2.10p +200.00% FTSE AIM All-Share 904 -2.32% Industrial Engineering 6,580 -2.69% LONDON (SHARECAST) - Bombed-out engine cleaner Gas Turbine Efficiency almost quadrupled in price Thursday, forcing the firm to deny any new developments were in the pipeline. "Further to recent share price movement, the company announces that there have been no new developments since the company announced on 1 March 2011 that it had entered into a restructuring agreement with its principal loan note holders," read a statement. The group, whose equipment cleans aero engines and industrial gas turbines to make them more efficient, said then that the restructuring meant it could continue to explore strategic options. That includes a sale of the company while continuing to develop its business and operations. Gas Turbine's shares closed last night at 0.7p, but hit a high of 2.7p at lunchtime. They've since pulled back a bit, but are still up 100% on the day. The shares were worth 30p in September 2009 and 10p a year later.
ukmassy: RNS out. Gas Turbine Efficiency plc ("GTE" or "the Company") Statement re Share Price Movement Further to recent share price movement, the Company announces that there have been no new developments since the Company announced on 1 March 2011 that it had entered into a restructuring agreement with its principal loan note holders. Following the announcement, a circular was posted to shareholders setting out, amongst other things, the reasons for the restructuring and the reasons why the Directors consider this to be in the best interests of the Company, and its stakeholders as a whole, and why they are unanimously recommending that shareholders vote in favour of the resolutions to be proposed at the General Meeting to be held on 18 March 2011. As stated in the announcement of 1 March 2011, if the proposed restructuring is completed, with a strengthened balance sheet, the Board believes the Company will be able to continue to explore strategic options including a sale of the Group while continuing to develop its business and operations.
gdasinv2: YasK, Yell don't have any Asset that it can be sold at the size of it's market cap. When GTE Sold Only aviation business , the return was @11p for aviation only, at the time the share price was only 4p. The sale will now will be used in D-notes and excess will be used for further growth. If you look at Core asset , they are themselves worth 50-60 Million$ itself. So calculate the Share price after the Debt. Yell is nowhere with 0.5 Billion
gdasinv2: what will happen here - Some guys who were so praised the GTE asset - now showing their Zzzzz" and fews are wafting to grab at bottom like me :-). I have added a few more on dip. I can't see any technical difficulties here for GTE to get through easily, still got 40Mellion revenue and sold the Aviation business more than market cap at the time when needed and also a prized , nicheassets, can be a BID/Takeover target at this price. Asset is the Key here not the share price inho.
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.
albertedwin: Tullynessle, all this is very encouraging and indicates clearly that GTE is actively trying very hard to improve its commercial fortunes on as broad a front as possible. Personally I wish they would draw attention to these endeavours rather more directly in the UK, for example by encapsulating notice of such activities in suitable RNSs since IMO this sort of news could quite reasonably be interpreted as price sensitive, especially having regard to the prevailing extremely lowly share price. I know that their website is very informative but you have specifically to go to it to discover such information and only the really devout fans seem likely to do that. If notification by periodic RNSs is not possible could they not give notice from time to time of such marketing ventures either directly to the UK press, and/or even via an ally directly to this and like threads. They could also send this sort of information out to interested parties through the e-mail "alerts system" rather than simply confining it to posted RNSs. I do believe that there is an urgent need for GTE to promote its business, and heighten its profile, more widely among the investing public here in the UK, and to be seen to be doing so; this might in due course work wonders for the share price.
gonefishing3: The share price popped up last week with the interims, but then gradually fell as people took profits or got out as it fell. There are several reasons why the share has fallen so hard over the last year. Main reason is that GTE has a huge cash burn ($11m spent on product development in the year to Dec09). Combined with the credit crunch slowing their markets, this led to a series of unforeseen fundraisings, the last $20m of which have been in the form of loan notes with warrants. At the time, I did not think that the loan note structure was bad as it was much less dilutive than an ordinary share issue, but in a downside case they have priority so this is probably contributing to the current bearish sentiment in the market. The interims state that they have $5.5m available to draw on their loan note facility, so current EV is £3m market cap + $14.5m loan note = $19m. Is this a fair price? I understand that GTE's technology delivers substantial savings, with payback in under a year. They don't have a strong balance sheet to support warranties, so this might be restricting sales (presumably why they wanted to bring in a strategic investor). Despite the lack of balance sheet, they have continued to grow revenue and are supported by strong financial investors (Generation and Zouk). These funds have invested heavily over the last few years and assuming they continue to fund and GTE gets its costs under control, then this should come good in the end. We probably won't learn how they are controlling costs until the next annual report, but this feels very cheap for a company with so much potential. If they signed a contract with another strategic investor, the price would go straight to 10p and probably higher.
tullynessle: The extracts below highlight the growth and progress achieved by GTE since 2008 when the Share Price was around 60p. On that basis it appears that the current share price represents good value - only my opinion DYOR RNS Number : 4371K Gas Turbine Efficiency PLC 20 April 2010 CORPORATE UPDATE ORLANDO, Florida - Gas Turbine Efficiency plc (AIM:GTE), a leading provider of advanced systems to enhance the performance of industrial and aviation turbines , is pleased to report revenue for Q1 2010 of $9.8m, up 32% over Q1 2009 ($7.4m), within the range indicated on 24 March 2010. These results reflect a strong performance in Energy Services Aftermarket, up 273% at $4.2m, and Aviation, up 85% at $1.6m. In general, the energy market is showing signs of recovery; GTE's commercial activity is up across all sectors, with customers purchasing services and products which help them to increase operational efficiency and conserve cash. RNS Number : 0693J Gas Turbine Efficiency PLC TRADING UPDATE 24 March, 2010 GTE experiences improving energy aftermarket and strengthening demand for core products Gas Turbine Efficiency plc (AIM: GTE), a leader in energy and aviation products and services, is pleased to report an increase in expected revenue for Q1 2010. This improved performance is across several operating units. Revenue for Q1 2010 is expected to be in the range of $9.5-10.0m, up 20-25% over a strong Q1 2009 ($7.4m). 21 September 2009 Gas Turbine Efficiency plc Interim results for the six months ended 30 June 2009 Gas Turbine Efficiency plc ('GTE' or 'the Group'), a leading provider of proprietary cleantech systems for enhancing the performance of industrial and aviation turbines, today announces its unaudited interim results for the six months ended 30 June 2009. H1 2009 Highlights · Group revenue increased by 25% to $18.4m (H1 2008: $14.7m) ·Energy Services revenue up 29% to $14.5m (H1 2008: $11.3m) ·Aviation revenue up 15% to $3.9m (H1 2008: $3.4m) ·Gross profit margin of 40% (H1 2008: 44%) ·EBITDA rose to $0.7m (H1 2008: $0.5m) 20 April 2009 Gas Turbine Efficiency plc Preliminary Results for the year ended 31 December 2008 Gas Turbine Efficiency plc ('GTE' or 'the Group'), a leading provider of proprietary cleantech systems for enhancing the performance of industrial and aviation turbines, announces its unaudited preliminary results for the year ended 31 December 2008. 2008 Highlights * Group revenue increased 97% to $35.1 million (2007: $17.8 million) * Industrial & Combustion revenue increased 124% to $28.2 million (2007: $12.6 million) * Aviation revenue increased 33% to $6.9 million (2007: $5.2 million) * GTE moved into profit, delivering EBITDA of $2.5 million, excluding exceptional costs (2007: $1.3 million loss) * Profit before tax of $0.9 million (2007: $2.9 million loss) * Orders won in Aviation from Pratt & Whitney, Singapore Airlines, Southwest Airlines, United Airlines as well as military organisations * In Industrial & Combustion, GTE increased its global footprint with its first order in Kazakhstan and approval by Abu Dhabi NOC and a major Russian OEM * Expansion of global capacity since year end in Sweden, the UK, Florida and South Carolina, to meet increased customer demand RNS Number : 1444E Gas Turbine Efficiency PLC 24 September 2008 24 September 2008 Gas Turbine Efficiency plc Interim Results for the six months to 30 June 2008 Gas Turbine Efficiency plc ("GTE" or "the Group"), a leading provider of proprietary cleantech systems for enhancing the performance of aviation and industrial turbines, announces its unaudited results for the six months to 30 June 2008. Financial Highlights * Revenues increased 58% to $14.7m (H1 2007: $9.3m) driven by strong organic growth and a continued ramp-up in sales to Original Equipment Manufacturers (OEMs) * Total order intake for the year to date increased 100% to $30m (2007: $15m) * Gross margin improved to 44% (H1 2007: 42%) * EBITDA, excluding exceptional legal costs, rose 220% to $0.77m (H1 2007: $0.24m) * Pre-tax profits were $0.4m (H1 2007: loss $0.8m) * Maiden net profits of $0.03m (H1 2007: loss $0.7m) * Cash and cash equivalents totalled $7.9m as at 30 June 2007 * On track to accelerate revenue growth in the second half, underpinned by a robust order backlog
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