Gyg Share Discussion Threads

[peter27] 05/4/2018 09:07

to give further comfort read STreport in IC after he spoke to FD after the fall.

[jonwig] 05/4/2018 08:45

@ mrnumpty - the listing rules say that if a company has market sensitive information, they must release it. The fact that they haven't ought to be good news ... unfortunately penalties aren't severe enough when AIM companies backslide.

I've just checked yesterday's trades, and it does look as though some big buyers were prepared to pay above bid price.

[mrnumpty] 05/4/2018 08:35

I'm as demoralised as anyone else by the drop in the share price , and I have learnt to respect the comments made by " jonwig " , both here and on other sites( e.g. Burford Capital plc ) . However , according to the Hargreaves Lansdown site , there were four decent purchases yesterday ( 4/4/2018 ) , totalling 225,000 shares for £ 239,775 ( 11.08am 20,000 @ £ 1.05 ; 11.45am 50,000 @ £ 1.07 ; 12.12am 40,000 @ £ 1.07 ; 16.14 115,000 @ £ 1.06.5 ) . I am certainly aware that the figures on the Hargreaves site need to be looked at sceptically , as " buys " and " sells " are often reported wrongly . However , if this information is correct , then , given that the Market Cap is only £ 48.51 M , and that 82.82% of the shares are held by institutions or directors ( source : the company's " investors " section of its website ) , then these four purchases constitute a decent percentage of the Mkt Cap ( 0.49 % ) , or , more impressively , over 2.8% of the free float ( 17.18% not held by institutions or directors ) . Could this be a case of " very clever institutions " benefitting from the abrupt fall in the share price ? Only time will tell , but only a couple of weeks until the RNS . Do your own research .

[mfhmfh] 04/4/2018 12:14

bought in here earlier today. GLA.

[peter27] 30/3/2018 16:52

I would suggest that a price drop of 18% in one week apparently without any reason should receive a comment from the company.

[lordyjordy1] 29/3/2018 20:42

Zeus capital. High dividend yield. Accrol. Let's see

[lovat scout] 29/3/2018 16:53

I agree - doesn't smell right. GYG has been on my watch list for a few weeks but need to see the results first before investing. Management need to be rewarded more through equity incentives and less through salary.

[jonwig] 29/3/2018 14:58

The fall (from around 125p) has taken a few days, and snowballed. This strongly suggests to me that the results statement has leaked, though maybe only in part. Trading has been quite heavy for this share.

The 'warning' (21/11) was suggesting weather-related events were delaying orders, and maybe it will be more than that. It's worth reminding oneself of serial underperformance!

I sold at 125.5p on 15/12 as part of a wider clear-out rather than specifics. I'll look to re-enter on the results if they are OK.

[piwood] 29/3/2018 14:19

Results due 18 April.

[hardleyouth] 29/3/2018 11:59

Haven't a clue. Pre-Results jitters?

[mastermatto] 29/3/2018 10:01

Any news on the drop?

[corbeta] 18/1/2018 10:54

Annoying to see this drift down on very little volume.
Anyway, I am still happy to hold on the basis that with
a customer base of billionaires the company should do
well in bad times as well as good.

[robinnicolson] 18/1/2018 08:58

hxxp://www.superyachtnews.com/business/the-billionaires-and-millionaires-markets

“Many of the investors that we sat down with, we had to convince them that we were not in the 25m market, the millionaires market, we had to convince them that we are operating in the billionaires’ market…[and] that it was a legitimate industry that they could invest in"

[robinnicolson] 11/1/2018 08:11

The luxury yacht market is healthy in the UK:

[jonwig] 24/11/2017 19:03

Neil Woodford has increased his holding to 8,491,660.00 (18.2%) from 17.15%. It doesn't say which fund(s).

robinn - yes, excellent on GYG.

[robinnicolson] 24/11/2017 10:52

Simon Thompson talks about GYG's trading statement in IC's latest podcast. Definitely worth a listen.

[jonwig] 23/11/2017 14:04

Simon Thompson, IC, conclusion:

GYG’s current order book of €18.1m is up 37 per cent year on year, underpinning analysts’ maintained and conservative looking expectations that GYG can deliver revenue of €71m in 2018, pre-tax profit of €8.6m and EPS of 12.9¢. On this basis, the shares are priced on a modest 10.5 times forward earnings and offer a prospective dividend yield of 5.4 per cent based on a 6.6p payout in 2018. In my book that represents great value and I maintain my 170p target price

[jonwig] 21/11/2017 16:47

yupa - good move there!

So the market ends the day accepting the company's statement. But it's on notice. I'd hope they give an end-year update to confirm, in January.

[yupawiese2010] 21/11/2017 12:51

Mr N.

I reside in Catalonia, I don't believe the on-going political situation will impact the company, although admittedly a few of the large banks are relocating their head offices to Madrid.

Have taken an opening position here this morning

[jonwig] 21/11/2017 09:09

Dan - whilst Zeus are associated with some poor floats (Accrol!), I'm not sure the generalisation holds. I hope not, anyway.

numpty - my buying price for GYG was 115.25p so there was a bit of a cushion. Some companies are "serial warners" finding a new excuse every time. Obviously that's a danger here, but on the other hand, they used the phrase "at least" regarding the 2018 numbers. I'll be holding them to that promise.

[saucepan] 21/11/2017 08:40

I got very lucky as I lost patience with GYG yesterday and sold up.

I feel a bit annoyed with myself that I had not thought through the impact the Caribbean hurricanes might have had on the business.

On the other hand, there must be a lot of yachts that were damaged and needing repair?

I'll keep a watch on GYG, but not convinced I'll be tempted back.

[alter ego] 21/11/2017 08:37

disappointing but you can't blame the company for the impact of hurricanes.

[mrnumpty] 21/11/2017 08:35

Jonwig , after the recent fall in the share price , it is reassuring to see that you are still holding . Although you are no doubt not infallible , and we all have to make our own investment decisions , you have always seemed very well informed about Burford Capital ( which I have been holding since May 2015 ) and Kromek ( which I held , then sold prior to their share price drop ) . Regarding GYG , I had been concerned that the political situation in Catalonia might have impacted the shares but , for once , it wasn't politicians who were the cause , but the weather !

[dan_the_epic] 21/11/2017 08:10

Another high yielding recent float warning (from Zeus)

[jonwig] 21/11/2017 08:06

Quote 110-112 with a few small-ish sales. I'm not inclined to sell mine.