Share Name Share Symbol Market Type Share ISIN Share Description
Gyg PLC LSE:GYG London Ordinary Share GB00BZ4FM652 ORD GBP0.002
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 67.50p 65.00p 70.00p 67.50p 67.50p 67.50p 10,000 05:00:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 55.7 0.5 -0.9 - 31.48

Gyg PLC Share Discussion Threads

Showing 726 to 750 of 750 messages
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DateSubjectAuthorDiscuss
20/7/2018
12:31
105p Sold out for 400 pound loss , lucky after being down more than a few K. Could still go higher and should be a decent business but hard to see why rally further on the current outlook and rating will now be constrained by it history of profit warnings.
its the oxman
18/7/2018
08:28
Looking like this could settle in the 90s while we await the next news. Not sure if there are larger plays who could pounce.
its the oxman
16/7/2018
16:11
He's a gambler (and with others' money) not a investor! @ cambridgedon - clear your cache and cookies then try again.
jonwig
16/7/2018
15:49
Woodford has bought more.
robinnicolson
13/7/2018
18:03
At the AGM they cited NDAs as reason for lack of update. With the vast benefit of hindsight ...!
peter27
13/7/2018
17:57
Yes, unfortunately, I seem to have used up my allowance. Any chance you could tell us what it says? Many thanks, CD
cambridgedon
13/7/2018
17:27
You need to register, but this article is then free: Https://www.shareprophets.com/views/37135/gyg-the-woodford-kiss-of-death-must-have-the-banks-worried-here
jonwig
13/7/2018
15:33
Anyone got access to Share Profits? They have a piece on GYG citing imminent repayment of loan notes being a problem. CD
cambridgedon
13/7/2018
09:37
Been in here since last years float but now most definitely OUT ! Reasons: 1) 3 months ago directors said nothing ? Would you have done the same if you were running this business in the interests of all shareholders? 2) Their forecast sales wording of 'highly probable' sounds too vague to me. 3) Profit warnings normally come in three's - the forecast warning, then the actual FY data, then the reduced outlook. Sorry for all who lost out here. GLA . DYOR.
pixtel
13/7/2018
09:17
I think the key miss is "New Build". They were enthusiastic about this at FY stage, but the anticipated contracts have been missed and this has taken uplots of time and expense for no return. According to ST (in IC) they still have loan note repayments due soon which will eat into reduced cashflow. Director buy yesterday was pretty large, so they are obviously confident they will overcome this.
jonwig
13/7/2018
09:02
The Directors have a few questions to answer here. There was no hint of a problem when they reported FY17 results in April (over 3 months into the new financial year) yet here we are only a few months later and they are reporting a major profit miss. Surely they must have known something about this in April. Neil Woodford has an 18% stake in this company - yet another significant hit to his investment portfolio.
kpwf
12/7/2018
13:57
Looks like Quilter saw it coming - strange that.
podgyted
12/7/2018
13:25
LOL telling the obvious now.
b1tcoin
12/7/2018
13:20
Simon Thompson now has a sell recommendation.
robinnicolson
12/7/2018
13:12
sub 60p tomorrow. IC?? Please. if they were champ, how come IC is not worth £100bn's
b1tcoin
12/7/2018
10:12
Simon Thompson (IC) was very keen on this and described its business model as very simple. It looks as though the new-build work is proving to be anything but.
jonwig
12/7/2018
10:01
There will be many big delayed sells in this. High Yield tends to be for BS companies to attract punters in dubious schemes, otherwise why offer this kind of yield. They pay you more to part with your monies I would not be surprised to see trading sub 30p end of the year. The bubble is deflating rapidly. There's a reason why companies offer high yields, I prefer buyback e.g increase in shs price. Companies who offer yield clearly can't grow, that's why they pay a div to attract people. B1
b1tcoin
12/7/2018
08:19
Looks very hard hit today. Shame, just glad it was not a big position for me but still a nasty surprise. Will bob along under 100p now till things improve hopefully for those patient enough to wait.
its the oxman
12/7/2018
08:19
Classic Zeus float with a massive Divi yield to tempt where the equity story is weak
pireric
12/7/2018
07:59
was previously tempted to buy in here - glad i didn't; very disappointing update
eentweedrie
12/7/2018
07:53
Trading update. Zeus Capital concludes: While this is clearly a disappointing update, we believe the industry dynamics remain attractive. Despite the logistical challenges faced by the group in the year to date, we believe the group is well positioned with superyacht numbers continuing to grow. On our revised forecasts the company trades at 17.7x EBITDA in 2018E falling to 11.1x in 2019E, on a P/E basis the company trades at 34.5x in 2018E falling to 18.1x in 2019E. Are they becoming a serial disappointer?
jonwig
02/5/2018
09:51
Ex-dividend date tomorrow
mfhmfh
27/4/2018
11:15
Should of bought more of these 145p now.
its the oxman
27/4/2018
09:40
Not sure about 170p without newsflow or update but every chance of breaking 150p now.
its the oxman
26/4/2018
08:11
Simon Thompson of the IC updated his thoughts on GYG yesterday as follows: Chief executive Remy Millott and finance director Gloria Fernandez of GYG (GYG:123p), the market leader in new-build and refit superyacht painting, were in upbeat mood during our results call. The company listed its shares, at 100p, on Aim last summer when I suggested buying them (‘Floating a profitable passage’, 4 Jul 2017), attracted by the fact that the number of 40-metre-plus yachts has doubled to 2,000 in the past decade, and is predicted to grow by a further 14 per cent by 2020, according to industry analysts, buoyed by the steady growth in the number of billionaires. The boats are getting bigger too with the average GYG client owning a yacht 78m in length, and with an average painted surface of 3,500 sq metres. That’s good news for the specialist companies catering for the maintenance of these huge ocean going vessels which require a major survey every five years to comply with certain class, maritime laws and insurance requirements. Indeed, GYG’s refit and new build revenues increased by 16 per cent to €53.7m (£47.1m) last year, and there was a useful contribution from its supply business which sold almost €9m worth of marine products and maintenance equipment through its retail and yacht supply divisions. It hasn’t all been plain sailing though as last autumn’s unprecedented US hurricane season forced yacht owners to extend their Mediterranean sailing season before transferring their prized vessels to the Caribbean for the winter months which subdued business on the east Coast of the USA. However, no contracts were lost, one reason why I continued to rate the shares a buy at 123p at the time (‘Exploiting buying opportunities, 22 Nov 2017). Importantly, the directors are comfortable with market expectations that GYG’s revenues can ramp up by 18 per cent to €74m this year to lift pre-tax profits by more than half to €8.6m and deliver EPS of 12.9p. These bullish forecasts seem justified as a record forward order book of €20.4m at the turn of the year has grown sharply since then, and is likely to continue to make waves buoyed by a pipeline of work now worth €375m and underpinned by GYG’s eye-catching historical conversion rate of 32 per cent. Shareholders are being rewarded with a dividend per share of 3.2p, and analysts expect the payout to rise to 6.6p this year, covered almost two times by EPS estimates. Net debt of €6.7m is expected to be slashed by more than half in 2018, reflecting the fact that almost two thirds of forecast annual cash profits of £9.9m could be turned into free cash flow. Bolt-on acquisitions are being considered too. Trading on 10 times forward earnings, and offering a 5 per cent plus prospective dividend yield, I maintain my 170p target price. Buy. https://www.investorschronicle.co.uk/comment/2018/04/25/a-six-timer-of-small-cap-plays/
penpont
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