Green & Smart Share Discussion Threads

[charterhouse3] 31/7/2007 09:27

Received confirmation from the Company that there is not going to be a trading update in August this year as the Directors had already provided the following in June (as part of the RNS outlining the placing at that time):

Trading update


As reported on 23 March 2007 in the interim results statement for the six months
ended 31 January 2007, GSH entered the second half of the year with a record
order book and a very healthy order pipeline in all of its key markets. Since
then the Group has enjoyed a steady flow of new business and the order book
continues to be very strong. Trading conditions during the second half of the
year have remained buoyant and the directors look forward to providing an update
on developments and reporting the Group's full-year performance in October.

[simon gordon] 24/7/2007 11:22

'Two potential winners, according to Deutsche Bank's analysis, are the construction and mechanical and electrical engineering sectors. You only have to look at the battering Britain's rail, road, water and power infrastructure has taken in the past week to understand the case for greater spending on construction.

Engineering is a likely beneficiary on many fronts: the need for new power technologies, both fossil and renewable; demand for better heating and air-conditioning systems; desalination, irrigation and water treatment facilities; and consumer demand for more energy efficient products, to name just a few. Ultimately, technology will provide the solution to sustainable growth.'

[charterhouse3] 24/7/2007 08:08

Hanoversquare,

Nice article - a couple of more companies to keep an eye on !!!!!!!!

CH3

[hanoversquare] 24/7/2007 06:29

The Questor column in today's Daily Telegraph makes interesting reading:



although GSH is not one of their picks in the article you get the impression that the wider market is being woken up to the huge potential of the sector.

[charterhouse3] 19/7/2007 17:07

Alter Ego

Looking at the trades today (and what appear to be some from yesterday) I reckon it has drifted as much as it is going to.

CH3

[alter ego] 13/7/2007 17:08

yes, nice and quiet. was hoping to see a gentle drift down so I could pick up a few more - we'll see.

[charterhouse3] 13/7/2007 15:11

Extremely quiet here lately !!!!!!!

However it should be noted that there was a trading statement issued on the 1st August last year ahead of the close period in the lead up to the final results.

I expect there will be another trading statement in the next 2 to 3 weeks for the corresponding period this year.

CH3

[charterhouse3] 28/6/2007 14:39

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

[alter ego] 28/6/2007 14:06

Thanks Cisk, no surprise there but good to see the importance of an institutional following being recognised.

[cisk] 28/6/2007 12:38

Received a reply from GSH this am:
Thank you for your email correspondence of 25th June and your support of our Company. We are sorry that in this case we were unable to expand the Placing to include a public offer but felt, after consideration,that for such a small placing the additional cost and time involved was not the most effective use of shareholders funds. We had an opportunity to form the basis of an institutional following, something until now we did not have with such a small free float, and we felt that was important for the future of the business.

We will of course give due consideration to private shareholders should future placing/fund raisings occur and in the meantime thank you for your loyalty.

Yours faithfully

GSH Group plc

[simon gordon] 27/6/2007 16:03

I think it is illogical to bother management with a request to be included in the next placing. The cost of meeting this request is a waste. I hope they turn down this idea and focus shareholder capital on maximising profit.

[cisk] 27/6/2007 12:19

CH3, sent the email Monday evening (to the email address you posted) but still nothing! Not a good sign of their investor relations me thinks..

Regards

Cisk

[charterhouse3] 25/6/2007 16:30

Cisk

Oooops. Just noticed that you posted whilst I must have been in the middle of writing no. 223 !!!!!!!!

Look forward to hearing about your findings.

CH3

[charterhouse3] 25/6/2007 16:13

Simon,

Patience will be greatly rewarded with this Company.

I feel that the relative obscurity of the Company at the present time gives us the chance to build reasonably big positions ahead of the time when increased liquidity will ultimately result in a fairer valuation being put on the share price. In my opinion a more liquid GSH would probably have a current share price north of 600p and probably a lot more than that.

The few private investors on this board and TMF have realised that it is now just a matter of time waiting for the value to be outed.

Even at current prices the downside is very low, the business is in great shape, the recent contract wins have been excellent and the balance sheet is in great shape. The management also appears first class.

I was hoping for a hit on the share price today in order to top up around the 500p mark. All that has happened is NUMIS marking up their quote twice :o(

[cisk] 25/6/2007 16:12

Hi CH3, sorry been away for a couple of days so will email investor relations tonight and post when a reply received..

Regards

Cisk

[simon gordon] 25/6/2007 15:49

Excellent article from the FT on stock picking:



I think GSH neatly fit this process, as GSH have little business uncertainty, are easy to understand, have a wide moat and not too much potential share price downside. I've just got to be patient for them to become properly liquid.

[charterhouse3] 25/6/2007 13:47

Cisk,

Any news yet ?

CH3

[milesy] 22/6/2007 13:45

There's no minimum free float requirement for companies listing on AIM, which is unfortunate given that some would find a much wider investment audience, particularly in the fundies, were they more liquid.

This one's a bit of a leap of faith that the Scarr-Hill stake will be sold off to a much greater extent than has happened to date. Difficult to see the true value outing before then.

[simon gordon] 22/6/2007 13:24

Hi CH3,

They maybe attracted but how will they buy a meaningful stake, relative to the capital they have to invest?

I still think the placing amount was miniscule. I was hoping for something more chunky and it is probable we may have to wait ages for another placing and thus liquidity will remain very poor and fundies will just sit out until the company becomes really liquid.

I read an article recently in which a broker said he wanted illiquid stocks kicked off AIM as it is pointless to be a PLC if it is very difficult to trade the share.

GSH have been listed two years and after the 'big bang' placing they continue to remain illiquid and obscure.

GSH are moving at a

[charterhouse3] 22/6/2007 12:49

Cisk,

Any news ????

Also I notice that the market capitalisation of the company is now above £100 million. A few more institutions (running smaller companies funds and such like) should now be alerted to the attractions of GSH.

CH3

[charterhouse3] 20/6/2007 10:14

Morning all,

Excellent idea regarding communication with the Company with reference to future placings.

Keep us posted on developments Cisk.

CH3

[hanoversquare] 19/6/2007 14:18

Cisk

Excellent. Look forward to an update in due course.

An announcement 20 minutes ago confirms a purchase of 4000 shares at 505p by a Director.

The trade page also shows large blocks from the placing being housed.

[cisk] 18/6/2007 16:41

Hanover

I'll send an email (either tonight or tomorrow night) to investor relations and will post the email / and any reply I receive!

Regards

Cisk