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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Green & Smart Holdings Plc | GSH | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.85 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.85 | 2.85 |
| Top Posts |
|---|
Posted at 19/3/2009 16:23 by davidosh This has only happened because a number of investors and in fairness the directors have stood up to him. However did I invest in this company for it to be taken away from me like this ??Answer; Definitely not and you have to wonder whether he made the de listing and statement look so disasterous that shareholders would then be thankful for what they are given as an alternative. |
Posted at 17/3/2009 11:10 by davidosh Will ISH be attending the EGM ? Does he live in the real world where shareholders and investors need to live on the returns from their investments ?? The directors and Nomads should resign on point of principle. |
Posted at 28/3/2008 14:21 by charterhouse3 Hello chapsThe results were uninspiring - the reduction in margins was totally unexpected. Geovest sums up everything pretty well. There does not seem to be anything to attract new investors at the moment although, after the drop today, I can't see much more downside (although I will be happy to pile in if it goes below 350p). The possibility remains, of course, that someone will offer Iain Scarr Hall a figure that he cannot refuse and, for that reason, I continue to hold. CH3 |
Posted at 04/2/2008 16:22 by geovest Charterhouse,The 600000 shares would have been an off-market deal between institutional holders and not yet shown as a trade. I'm afraid that I am the guilty party causing most of the recent price rises. I've been building up a position over the last two weeks. The supply is so tight, that virtually every time I bought, the share price ticked up by about 10p. The company is still very undervalued. Sooner or later the holding by Ian Scarr Hall will be resolved, either through placement with institutional investors , or a reccommended bid, which should be hugely beneficial to current shareholders. |
Posted at 22/1/2008 10:54 by cisk Simon, have you shorted GSH by any chance? The market is falling like a stone and small caps in particular are being hammered. This is a very tightly held company, followed by very few analysts.So a derating to me normally implies that an analyst somewhere has issued a sell note, saying for example a company is overvalued compared to its peers. This view is then acted upon in the market by institutions and private investors alike, resulting in trades in the company. There's been very little volume in GSH recently - so I'm sitting tight and holding. Cisk |
Posted at 14/11/2007 11:23 by courant Simon,I know we disagree on this aspect, but your line of reasoning implies that family controlled firms are doomed to be unsucessful. This is patently not the case even if we just look at the history of GSH, which has done very well for itself before becoming a plc. Let them get on with it, I say. You're either happy buying into a quasi-private company, or you're not. I don't see the overriding pressure for things to happen quickly here - if anything, the longer the large ISH holding reamins, the longer us private investors have to get stuck in before institutions become majorly involved. Courant |
Posted at 20/8/2007 09:11 by simon gordon Morning All,I recently sold my GSH shares. I was loath to sell GSH but after further research I now think we could be heading into a really nasty period for the markets and economy. I am hoping to buy back into GSH at a much lower price but my reading of the current situation may be wrong and the share could rise to £6.00+. My bedrock philosophy can be summed up in this little line: "Trading samurai - one who serves and protects his capital." I think that the capital markets are under threat due to very lax lending and very high leverage. This is from Wikipedia: 'A Cyclical Theory of Financial Crises Hyman Minsky has proposed a simplified explanation that is most applicable to a closed economy. He theorized that financial fragility is a typical feature of any capitalist economy. High fragility leads to a higher risk of a financial crisis. To facilitate his analysis Minsky defines three types of financing firms choose according to their tolerance of risk. They are hedge finance, speculative finance and Ponzi finance. Ponzi finance leads to the most fragility. Financial fragility levels move together with the business cycle. After a recession firms have lost much financing and choose only hedge, the safest. As the economy grows, and expected profits rise, firms tend to believe that they can allow themselves to take on speculative financing. In this case they know that profits will not cover all the interest all the time. Firms, however, believe that profits will rise and the loans will eventually be repaid without much trouble. More loans lead to more investment and the economy grows further. Then lenders also start believing that they will get back all the money they lend. Therefore they are ready to lend to firms without full guarantees of success. Lenders know that such firms will have problems repaying. Still, they believe these firms will refinance from elsewhere as their expected profits rise. This is Ponzi financing. In this way the economy has taken on much risky credit. Now it is only a question of time before some big firm actually defaults. Lenders understand the actual risks in the economy and stop giving credit so easily. Refinancing becomes impossible for many and more firms default. If no new money comes into the economy to allow the refinancing process, a real economic crisis begins. During the recession firms start to hedge again and the cycle is closed.' ----- The best analysis I have read so far is by Ken Murray a top performing Fundie in Financials: On the 3rd April 2007 Blue Planet Investment Management, the manager of some of the most successful financial funds in the world, issued a press release (copy attached) predicting that the bear market had started, the credit cycle had turned and that stock markets would fall sharply. Ken Murray, who manages Blue Planet's Worldwide Financials Investment Trust, the 2nd best performing financials funds in the world over 3 years and the best performing investment trust in the UK in 2006, has the following sobering prediction "Just as that was predictable what will happen next is also predictable. We are entering one of the greatest banking crises in decades. The credit cycle has turned, bad debts are soaring, banks will go bust and stock markets will fall much further. People need to be told the truth as opposed to being spoon fed palliative words." The Problem: Stock markets have fallen as investors have begun to appreciate that banks are facing "liquidity problems". These liquidity problems relate to the short end of the money market. However, this is only a symptom of much deeper problems - mounting bad debts and the inability of banks to sell on loans that they have originated in the expectation that they would be able to re-sell them. The instruments most affected are securitised mortgages and loans to fund private equity transactions. The market in mortgage backed securities has now all but ceased to exist as investors, hurt by huge potential losses, spurn them. Indeed, early indications are that losses on mortgage-backed bonds will be huge. Merrill Lynch recently tried to sell mortgage-backed bonds it seized from the failed Bear Stearns hedge funds and failed to find any buyers after allegedly offering them out for as little as 11 cents in the dollar. The true extent of these losses will become apparent when banks and funds next have their accounts audited. Investors are now very fearful of those markets and it is unlikely that any meaningful liquidity will return to them for a long time. It is the lack of liquidity in asset backed securities markets and the unwillingness of sound banks to lend to troubled banks that is generating the liquidity problems in the money markets. Ken Murray adds "Banks understand the situation that is developing and they are increasingly unwilling to lend to other banks that they perceive to be risky. Investors should take heed of this warning." The inability of banks to sell on loans that they have written for re-sale causes them serious liquidity and capital adequacy problems. Often when banks commit to provide loan facilities they do so without knowing whether they will be able to sell on the resultant assets. Some banks have become complacent about this risk following a period of good demand for such securities and saw these facilities as no more than bridging finance. A collapse in demand for these securities means banks can no longer sell them on and what they grew to see as bridging finance is now fast becoming long term finance. Furthermore, the banks that are experiencing liquidity problems will see those problems worsen. This is because they have already undertaken to lend an estimated $330 to $420 billion of loans much of which they will be unable to sell on with the consequence that those loans will have to be retained on their own balance sheets: balance sheets which are simply unable to sustain them. Every time a loan is drawn down cash goes out to be replaced by highly illiquid, poor quality assets that no one wants to buy. Ken Murray says "this conveyor belt of death will suck the liquidity out of investment banks and fill their balance sheets with bad debts. I would not be surprised to see one or more of them become insolvent in the near future." We have no doubt that central banks will act to try and avert the rapidly developing crisis but there are limits to what they can do. Supplying liquidity through the money markets will mask the problem and hide it from investors for a while but it will not resolve it. The Worst Has Yet to Come: Not only do the affected banks face a growing liquidity crisis (one of the major causes of bankruptcy in the banking sector) but they also face a more serious problem, albeit one that will take longer to develop. That is the problem of a rising tsunami of bad debts which will go on to overwhelm many of them. Years of excesses in the investment banking markets and the $8 trillion US mortgage market are coming home to roost. Bad debts in the US mortgage market are already at record levels, with worse to come. $275bn dollars worth of mortgages are due to reset to higher interest rates between now and the end of December. In 2008, a further $684bn will reset. Many borrowers will not be able to meet these higher borrowing costs and will go into default. By then unemployment is likely to be rising as the credit cycle bites and economies slow. This combination of rising unemployment and interest rates is the "worst case scenario" so far as lenders are concerned. Bad debts are set to soar. How to Make Money from the Crisis: These problems do not affect all banks. Retail banks in strong, soundly run, emerging economies such as Russia continue to grow rapidly and should be largely immune from these problems although they may suffer short term price weakness. The problems are, for the time being at least, restricted to investment banks, other banks that have been active in the capital markets and US mortgage lenders. In addition to the originators of these loans, the other main losers will be investors in securities derived from them. Ken Murray says "It will take about 12 to 18 months for the banking market to absorb these losses and to stabilise at which point there will be good investment opportunities to be had. Blue Planet has liquidated investments, stripped our portfolio down to a small group of retail banks with good growth prospects and that are not exposed to these problems, eliminated gearing, hedged our remaining investments and raised cash in anticipation of much steeper falls to come in shares. We have locked in some of the very large profits we have made in recent years and armed ourselves with cash so that we can re-enter the market when it has stabilised." So, I wish you all Good Fortune and I aim to return to GSH when this financial dislocation is in repair mode. Regards SIMON |
Posted at 28/6/2007 14:39 by charterhouse3 Cisk,Thanks for posting that reply. Good to see that the Company have acknowledged that they will give due consideration to private shareholders should future placing/fund raisings occur. As hugely important as it is to start having an institutional following, the importance of the private investor can also never be underestimated - just see the progress of the likes of Soco, IndigoVision etc over the years where it has been private investors that have led the way as far as research and support has been concerned and the institutions have only really followed much much later (much to the financial benefit of those astute enough to have the courage of their convictions and get in early). I feel that we are in a similar situation with GSH - a few contributors to bulletin boards have found a little gem of a Company and we would like to participate as fully as we can as the Company develops a bigger and bigger profile in the investment community. CH3 |
Posted at 28/2/2007 15:55 by simon gordon GSH Awards:Green Apple Awards 2006 Environmental Best Practice Bronze Winner Ernst & Young Entrepreneur of the Year Awards 2006 Regional Winner BIFM Awards 2006 Customer Focus Finalist Building Services Awards 2006 International Achievement Innovation of the Year Health & Safety Initative Finalists RICS Regional Awards 2006 Sustainability BIFM Investors in FM Excellence Awards 2005 Communications & Marketing Winner Institute of Maintenance and Building Management (IMBM) 2005 Energyplus Winner BIFM Investors in FM Excellence Awards 2004 Innovation category Highly Commended Institute of Maintenance and Building Management (IMBM) 2004 energyplus Winner Building Services Awards 2004 Building Services Client in partnership with HBOS Training Award Innovation of the Year ICT Finalists National Business Awards 2004 Outstanding People Development Business of the Year Highly Commended H & V News Awards 2004 Apprentice of the Year Steven Wallis Winner H & V News Awards 2003 Apprentice of the Year Mark Falconer Winner Liveable City Awards 2003 Outstanding Contribution to Air Quality Improvement Highly Commended Sentinel Business Award 2003 and 2004 Technology - Winner Investor in People - Finalist |
Posted at 15/2/2007 16:58 by simon gordon Could it be that Mr Scarr-Hall is waiting for tax relief before he decides to sell some of his shares?From a Tax Planning site: 'The tax benefit obtained by investing in the AIM is that the investment qualifies for "business property relief", provided that the investment is made into "qualifying" companies. "Qualifying" companies are those carrying on a trade, and will exclude financial services companies, investment companies, and certain others. This means that Business Asset Taper Relief is available to investors when disposing of qualifying AIM shares and this effectively reduces the rate of capital gains tax to only 20% for AIM investments held for a period of one year, and to only 10% for AIM investments held for a period of two or more years. Furthermore, unlimited exemption from Inheritance Tax is available to private individuals provided that the investor has held shares in a qualifying company for at least two years. After the two year holding period, the shares should be retained throughout life by the investor and will no longer be considered part of the investor's estate for IHT purposes. This represents an inheritance tax saving of 40% under current legislation. In the event of death within the two year holding period, the shares will be treated in the same manner as if invested in companies quoted on the Stock Exchange, in which case the share value at the date of death would form part of the investor's estate for inheritance tax purposes. However, a surviving spouse who inherited the shares would only have to survive the balance of the 2 years to qualify for the business property relief.' |
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