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GTL Gtl Resources

99.00
0.00 (0.00%)
04 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gtl Resources LSE:GTL London Ordinary Share GB00B1HT2334 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 99.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 99.00 GBX

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Date Time Title Posts
06/11/201415:24Bio-Fuel Factory3,144
09/7/201015:32GTL Charts16,963
17/6/201015:21sell sell sell6
24/4/200913:57THE SENSIBLE THREAD214
13/4/200922:33Bio-Fuel Factory (2)-

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Posted at 18/11/2011 08:55 by p@
Grant of Options

GTL Resources PLC (AIM: GTL), the US based ethanol production and project development company, announces that, pursuant to a share
option scheme approved by the Board of Directors on 13 November 2008, on 9 December 2008 it granted options over ordinary shares in the
capital of the Company, at an exercise price of 21.0 pence each (being a 25% premium to the average of the closing share prices for the five
days prior to the date of grant), to the following directors and employees of the Company:



Director / employee Number of shares over which options have been
granted
Richard Ruebe (CEO) 350,000
Martha Schlicher (director 150,000
effective from 31/12/2008)
Other Group employees 250,000



The options are exercisable for seven years from 9 December 2011.
As previously disclosed Richard Ruebe holds 30,000 ordinary shares in the Company, and options, in addition to the options announced
today, over 67,782 ordinary shares at an exercise price of 225 pence each. Martha Schlicher has no interest in the share capital of the
Company other than the options announced today.
Posted at 01/11/2011 10:54 by ljsquash
Caveat the two relavant parts are below - so paper work by 19 Nov(Or 28 days)- undue haste?

Implementation of the Scheme will be subject, inter alia, to the sanction of the Court and the approval of GTL Shareholders at the Meetings. The Scheme Document, setting out full details of the Scheme and the procedures to be followed by GTL Shareholders to approve the Scheme, together with the Form of Election and Forms of Proxy, are expected to be despatched to GTL Shareholders and, for information purposes only, to participants in the GTL Share Option Schemes, by 19 November 2011 and in any event within 28 days from the date of this announcement, unless otherwise agreed with the Panel.

If the Scheme does not become Effective by 30 April 2012, the Proposals will lapse except where the approval of GTL Shareholders at the Court Meeting and the General Meeting is obtained before this date, in which case the longstop date for the Proposals may be extended to such later date as Sinav and GTL may agree and, if appropriate, the Court may approve.
Posted at 01/11/2011 09:24 by mesquida
Clunes100- No, you will not be invested in a much larger vehicle. The vehicle that is being used to facilitate the bid has been set up solely for that purpose. When you say that investors will only benefit if the rest of the portfolio is also a roaring success you make me think that somehow you have got the impression that a GTL shareholder who chooses to stay aboard is effectively going to be invested in a North Atlantic Investment Management unit trust, but this just is not so. GTL will continue just as before, the major shareholders may well be the same as before ( although Henderson/Gartmore have very carefully avoided telling us as to whether they are to remain invested in the unquoted vehicle or not ), and in short the only difference will be that there will not be a quotation. For those people who prefer to see a share price going up and down according to the whims of the market then this will be a major turn-off. But for investors who are more interested in looking beyond the quotation and concentrating instead on what the company really is worth then the unquoted option should be seen as a most welcome opportunity.
Posted at 31/10/2011 09:07 by puffintickler
Just saw this, I am very surprised that management would accept an offer that undervalues the company by some 50%.

The price negotiated is pathetic. It is just over one half of the net asset value excluding goodwill. No wonder SINAV reckons it is a good deal.

I reckon it is worth nearer 1.40, maybe more but in the current climate one cannot expect any offer to be full value.

Why do the directors recommend the offer? A premium to the recent share price is meaningless as the current share price is way too low weighed down by the poor margins of a year ago. Compared to current cash generation the offer is too low.
Posted at 28/9/2011 18:09 by cerrito
was sole shareholder at AGM
good people.
Did not learn all that much; the advance that the parent company made to IRE was to part fund the CHP plant; did not appreciate that ethanol has a higher octane content than petrol worth 80USc a gallon.
Seemed comfortable with the future ie on going increase in fuel usage; higher octane content; E15 which was not discussed nd no new capacity.
Debt reduction very rightly big priority.
Will be starting to produce a raw material for biodiesel (did not catch the name) which will use the oil they use in ddgs so ddgs tonnage sales will go down..they get a better margin with the biodiesel input.
To be honest not sure if there is a reason for the share price to break its range of 60/85 of the last 15 months but am v comfortable that the price range in say H22012/2013 will be higher.
Given the share price is so dependant on the £/US$ rate, the price of corn and the price of oil it is so difficult to be too precise.
Posted at 11/4/2011 13:03 by puffintickler
"Caveat_Emptor
Hard to understand how this company is still only worth £28 million. Can anyone suggest why this is?"

I can provide my reasoning. I sold out a couple of months back because margins were poor yet the share price reflected a reasonable return. This proved unfortunate timing just before the oil price jumped due to middle eastern unrest.

Since then margins have improved from poor to average. However for me a big question mark hangs over medium term results, the probability that the oil price (and therefore ethanol)will fall back to more sustainable levels. If this happens margins will be squeezed back to low levels and the share price too.

Zein might be a wonder solution but I cannot give it much value without more information.

I will stay on the sidelines for now may be back when the share price falls back.

AIMHOOC
Posted at 10/2/2011 21:46 by cerrito
From Today's FT.
Article seems to be saying that ethanol industry insensitive to higher corn prices but USDA report that operating margins at break even levels.
For me little prospect of GTL share price climbing in this type of corn market
quote

The latest report from the US Department of Agriculture proves that corn-based ethanol is indeed taking the foremost role, at the expense of food supplies. It does not sound right to me. But the market has no opinion about which component of demand should take priority – and now corn prices will rally significantly to resolve the problem.

The USDA estimates that during the 2010-11 season the US-based ethanol industry will consume 4.95bn bushel of corn, equal to a staggering 39.8 per cent of the country's corn production. The share of ethanol demand in US corn supplies is moving upwards season after season, but the last two years had been explosive. In 2008-09 ethanol consumed 3.71bn bushels, or 30.6 per cent of the country's crop.

The result is that US – and global – corn supplies are under massive strain. True, the problem has been exacerbated by lower-than-expected crops in the US, Argentina and Ukraine. But without runaway ethanol demand corn will not be trading above $7 a bushel, nearing the all-time high set during the 2007-08 food crisis of $7.65 a bushel.

Worse, the ethanol industry, supported by generous subsidies, appears insensitive so far to higher prices. The USDA hiked its forecast for ethanol consumption on Wednesday in spite of prices in December and January in excess of $6 a bushel.

A combination of government mandates, forward buying earlier in the season at lower prices and high oil and sugar prices means that ethanol remains, in spite of near record prices for corn, a profitable business in the US. "Rising corn prices have reduced spot margins relative to variable costs to breakeven levels in recent weeks; however, ethanol blender incentives remain in place," the USDA said.

The runaway demand has cut US "ending stocks" to a precarious 675m bushels, equal to 5 per cent of demand. The stock-to-demand ratio match modern history's record low of 1995-96 and it is only a notch above the absolute record set in 1937.

The ending stocks figure is so low that corn prices will need to surge significantly higher now to curtail demand. If ethanol consumption remains at pace, other – read here food – will need to drop. At 675m bushel, the US risk breaking the minimum level of stocks needed to maintain the supply pipeline. By the end of the season, the US will have stocks to survive for 18 days. So think about what will happen with supplies – and prices – if bad weather delays the harvest by, say, two weeks.
Posted at 03/2/2011 09:25 by clunes100
But none of this has shifted the GTL share price With no sight of a takeover in the offing, let's hope that GTL produce a really fine set of results, which might just get the share price moving and or GTL a little more noticed.
Posted at 28/1/2011 15:32 by clunes100
I can't see £2 in the short term without a takeover bid, however, I don't think that £2 is an unreasonable share price for GTL and as time goes by it will become more and more evident that this share price needs to be rerated. All we can hope is tat the nex set of results will lift the price with hard figures indicating a positive future for the company/balance sheet & share price A healthy dividend eventually and or expansion may help the share price Normally financing expansion might depress a share price but given GTL's track record, proven plant and expanding market, the opposite might be the case here.
Posted at 18/8/2010 08:48 by strangeglow
hi guys these are back on my buy radar but not just yet.the commodity spivs are at it again and corn going higher wil always affect gtl share price to the downside.

the weakness will continue,looking to get back in when corn tops out and the spivving stops.should be picking up gtl for around 40p which is my present target.

oil is not going up anytime soon until a proper global recovery shows which isn't yet.ethanol demand will remain crimped as a result.

I wouldnt make the mistake of believing these wont drift lower.

plenty of opportunity to get back in much lower from here.
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