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Share Name Share Symbol Market Type Share ISIN Share Description
Gs Chain Plc LSE:GSC London Ordinary Share GB00BP38X172 ORD GBP0.000167
  Price Change % Change Share Price Shares Traded Last Trade
  -0.05 -1.22% 4.05 777 14:25:09
Bid Price Offer Price High Price Low Price Open Price
3.90 4.20 4.10 4.00 4.10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
 
Last Trade Time Trade Type Trade Size Trade Price Currency
14:25:42 O 777 4.1009 GBX

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Date Time Title Posts
26/11/202106:02GSC Property Holdings. 40% below asset value24
29/6/200811:59GSC with Charts & News17

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Gs Chain (GSC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-11-29 14:25:434.1077731.86O
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Gs Chain (GSC) Top Chat Posts

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Posted at 29/11/2022 08:20 by Gs Chain Daily Update
Gs Chain Plc is listed in the sector of the London Stock Exchange with ticker GSC. The last closing price for Gs Chain was 4.10p.
Gs Chain Plc has a 4 week average price of 4p and a 12 week average price of 4p.
The 1 year high share price is 7.50p while the 1 year low share price is currently 2.50p.
There are currently 0 shares in issue and the average daily traded volume is 135,634 shares. The market capitalisation of Gs Chain Plc is £0.
Posted at 25/4/2012 17:24 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 14:50 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 07:45 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 09:58 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 01/6/2007 12:10 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 15:31 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 17/1/2007 11:37 by liarspoker
Talk about the share price going of the chart..............boom boom.
Posted at 09/1/2007 07:44 by harrogate
Hi

Got into these about 2.5 years ago at £1.11 - They are my best ever investment - Only gone down on 2 days in that time!

I have to say that they had lagged behind other property stocks a bit but the majority of the increase in NAV from what they already own must be in the share price now - I can see £4.00 over the next year as I am sure they will buy something else and do seem good at increasing value on the stuff.

Can't see any great downside at current levels

If all my investments had been like this I would be typing on a beach somewhere.

Posted at 01/8/2006 06:49 by buffin
Still cheap, 267 to buy against 347 year end NAV, has announced hotel leasing deal this morning -

http://www.plusmarketsgroup.com/story.shtml?ISIN=GB0033502187&NewsID=23134

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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