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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Gs Chain Plc | GSC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.975 | 08:00:23 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.975 | 0.865 | 0.975 | 0.975 | 0.975 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 25/4/2012 18:24 by microscope The point re JCR was that I sold when the falsifying story broke. If I had kept the faith i would have had them at £1. But I traded the stock instead of held, in and out regularly, from then on.Anyway, water under... hopefully GSC will work out. I've always liked the company, even now, good management. |
Posted at 25/4/2012 15:50 by microscope Anyone still following the company or the sector? Shares down to near all time low, as they have stuck with their current investment portfolio for a couple of years now, to protect cash and not to risk buying into a still stagnant/falling market. They retain a blue-chip clientelle.At 53.5p the shares are superficially very cheap (nav over 160p) but having not invested for a while in the sector i don't know what the sector average is these days. GSC is a near 70% discount to nav. I would be concerned that they might leave plus, otherwise given a 1.5p final dividend hinted at previously, the shares are looking interesting again imho. Thoughts anyone? |
Posted at 25/11/2010 14:38 by harrogate Thanks for the info... Depends what the contract with the hotel operator is ..I would have thought they had to keep paying GSC and between them there was some insurance that covered any loss |
Posted at 30/9/2009 08:45 by davidosh Looks like the company is set for its next run at finding cheaper assets that have good potential judging by the management comments...Newstrack announcement 30 September 2009 GSC Property Holdings plc Interim results for the 6 months to 30 June 2009 Highlights: * Profit before interest rises 3.5 per cent to GBP3,215,023 (2008: GBP3,105,874) * Rental income holds firm at GBP3,915,575 (2008: GBP3,980,948) * Interim dividend 2.0 pence per share (2008: 2.0 pence) Mark Rubin, Chief Executive commented: "Our low risk strategy has protected us from very difficult market conditions earlier this year and as a consequence we are in a strong position to capitalise on property investment opportunities as they arise." |
Posted at 30/5/2008 10:58 by egoi Agree with you Harrogate on GSC, long term hold and anyone buying now is getting tremendous value I feel. Am happy to sit tight and pick up the divvies that come along.AVAP no response - as expected lol! - I only have a small holding there; while the business is simple enough to understand - even for me - the share structure and wealth creation is somewhat extraordinary and I profess not to know quite what to make of it. A Director has bought a few this morning, and Credit Suisse are quite a coup for a P-Q company. Gut feeling about something soon, or have you been 'chatting' to anyone? -:) |
Posted at 30/5/2008 10:20 by egoi Yes I got up at half six! -:(Out now, nav a little bit lower than I thought, but actually the results look surprisingly good in general terms. Fall in rental income in quite large part to Bournemouth hotel having been closed, (reopening June) while the fall in nav can in substantial part imho be put down to spending 8 million on its refurbishment. Of course market conditions have played their part but in spite of that they have increased the dividend, a confirmation of the Rubins shrewdness and cash management. I like the last bit 'Our properties are well let and conservatively valued and this strength, backed by a sound balance sheet and long term financing, allows us to look forward with confidence.' Conservative valuations suggest the nav is probably higher than stated and I think the company has come through the turmoil better placed than the vast majority of the sector. I expect an acquisition or two in the near future, and the mention of bankers hints they have some borrowings to draw on,, something Mark hinted at in my recent conversations with him. All in all I'm very satisfied and I think there is plenty room for the shareprice to recover first towards 275p and as acquisitions unfold and Bournemouth reopens to see a significant rerating higher thereafter. |
Posted at 01/6/2007 13:10 by harrogate Another great week for GSC.Shares are now closer to nav than they have ever been I think. Not sure what upside there is from here in terms of revaluations unless the hotel produces something big when it is revalued once refurbished. Yields are coming back now interest rates are going up so the "easy money" has been made but they do seem to be good at what they do - Not selling but I think the move to £5 will be a lot more difficult and a lot slower than the move from £3 to nearly £4 |
Posted at 31/3/2007 16:31 by egoi Interesting to see virtually all 'old hands' here! I bought into this two weeks after float - dubious honour of being first ever 'public' shareholder! (Yield on my average buying price now something like 8%! :) ).Nothing but great management, good newsflow and steady growth since. They started quoted life in 2003 with a market cap of under 4 million, shareprice of 40p and a nav of under 10 million. Changed days! Up till now I have resisted the temptation to post on here, but this story is so good it needs sharing! In my view it has been Plus-Quoted's (Ofex's) top flag-bearer in recent years. And it remains a core holding, and still for the long term. I keep in constant touch with management, at first I thought they were aloof but as you get to know them you realise just how streetwise and smart these people are. Yesterday's deals are typical and there are a handful of committed followers at Fool; Marben wrote this about yesterday's deals: 'I can understand Carmensfella's fondness for the Rubin brothers more and more and am glad that I doubled up my GSC holding last month. If we value the new shares at the current offer price of 340p, the effective cost to shareholders is actually £3.73m. At the quoted consideration of £3.85m, the new properties rental yield (before the pending review) is 6.4%, whereas that of the property that they sold was 5.6%. At the "effective cost" the yield of the new purchases is 6.6%. Good business. Looking forward to GSC's results. Last year they were issued on 31st May.' Right, Right and Right again Marben. Another has suggested there 'might' be a trading update in late April; given the news of yesterday's - underwritten - placing at 400p against a share price of 335p, I somehow doubt there is much to worry about, and the significance of that should be clear to all. And anyone interested in taking over now not only has the Rubins to answer to but the goalposts have moved to over 400p. (I don't think they would sell, given the whole - large - family is involved in the shares). However my one note of caution; as I understand it there wasn't a full revaluation in 2006 so the upcoming results may not show much change in the 345p nav. But I expect Bournemouth site when redevelopment is complete will show in the region of a 15 million increase in value - that would by itself take nav close to 500p a share for the 2008 numbers. Of course if you think commercial property will crash (I don't but accept some do!) then it's not for you. Otherwise, this remains a top quality long term buy and hold. Class. |
Posted at 01/8/2006 07:49 by buffin Still cheap, 267 to buy against 347 year end NAV, has announced hotel leasing deal this morning -GSC LEASES BOURNEMOUTH HOTEL TO GOLDEN TULIP In November 2005 GSC Property Holdings plc, the OFEX listed property investment company, acquired the Metro Palace Court Hotel in Bournemouth for a total consideration of GBP 14.0 million. The transaction included the purchase of six adjoining shops, a casino and a car park. GSC has exchanged contracts to lease the Metro Palace Court Hotel to Pilot Hotels Limited, the UK franchise holder for Golden Tulip Hotels. Golden Tulip is an international hotel group with over 260 hotels worldwide. The full repairing and insuring lease is effectively for 35 years with the rent averaging a minimum of GBP 1.01 million for the first five years. The base rent increases annually in line with inflation; there is also a turnover element that becomes effective from the second year. Golden Tulip and Pilot Hotels will close The Metro Palace Court Hotel in the autumn and embark on an GBP8 million refurbishment, the hotel is expected to re-open in spring 2007. Whilst the hotel is closed the other operations on the site will continue and the rental stream to GSC virtually covers the interest payable on the original purchase. Mark Rubin, Chief Executive of GSC Property Holdings commented: "This is an excellent arrangement for both parties. Golden Tulip Hotels are highly experienced and successful hotel operators and I am confident that following the refurbishment the Metro Palace Court Hotel will be a flagship property. When the hotel reopens GSC will reassess its investment to reflect the significant enhancement in value." |
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