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
  -5.00p -3.86% 124.50p 123.00p 126.00p 129.50p 124.50p 129.50p 60,332 15:18:40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 55.7 0.5 -0.9 - 58.07

Gyg PLC Share Discussion Threads

Showing 701 to 725 of 725 messages
Chat Pages: 29  28  27  26  25  24  23  22  21  20  19  18  Older
DateSubjectAuthorDiscuss
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
24/4/2018
09:57
Zeus Capital’s Head of Research Mike Allen discusses Gyg PLC Interview - http://bit.ly/2EZ2Eyz Q&A - http://bit.ly/2HMYRYe
astonedt
18/4/2018
13:21
I already hold GYG but added more today after reading through the presentation highlighted by robinnicolson (post 86). Thanks for that Robin, very informative and encouraging regarding the size of the market and GYG's dominant position. Demand looks set to keep growing with increasing numbers of very rich people. It seems unlikely that clients will be too bothered about paying for top quality given that charter rates for these yachts run from €150k pw for a small yacht to €750k pw for a large one. Getting the work done on time and avoiding rework is likely to be far more important to ensure the vessel is back on the water as soon as possible. Competition for the largest work looks limited with the main competitor, Yachting Protection, a private company in Greece and most of the rest relative minnows. Some consolidation seems likely too. With outlook positive and the dividend for a full year set to yield about 5.5%, I'm content to see how things progress in the months ahead.
alter ego
18/4/2018
12:56
It looks positive - I wonder if that's all the financial deck clearing (no pun intended!)? It's good to see the market they can pitch for has increased by €100m - conversion rate obviously crucial. I wonder if GYG have ever any bad debt issues? I suppose not given yachts are good collateral!
lovat scout
18/4/2018
08:54
Can see this running back to 150p come next set of results, outlook all looks good , investor meetings should go well, and taps into the trend of the super rich getting richer which is only going to continue.
its the oxman
18/4/2018
08:40
Zeus Capital: "We are maintaining our forecast assumptions on the back of these results. We are encouraged by the growth in order book. GYG is well positioned for growth given its position on a number of fronts (refit new, supply etc). Valuation – GYG plc trades on a 2018E P/E of 9.5x (falling to 7.7x in 2019E) and an EV/EBITDA of 5.9x (falling to 4.8x in 2018E), which we believe is compelling in the context of a >6% yield from 2018E. Our valuation is also supported by our DCF and intrinsic value analysis, which implies a valuation of €124.5m (£107.1m) if the strategy is executed successfully." Incidentally there is an informative presentation on the company website: hxxps://www.globalyachtinggroup.com/wp-content/uploads/GYG-Preliminary-Results-FY17-FINAL.pdf
robinnicolson
18/4/2018
08:18
Debt reduced and a nice dividend, always nice to see. But look at the pipeline of business up c.100m from last year. Surely bodes well, any forecasts, targets or research info anyone?
its the oxman
18/4/2018
08:13
final results announced today
alter ego
18/4/2018
07:55
Strange that both here and on the LSE site , shares are shown as up by 12p at 7.46am . Any comments ? All looks very positive .
mrnumpty
05/4/2018
18:40
sorry. it wasn't FD it was 'Financial PR' look under comments on 3 April.
peter27
05/4/2018
17:54
jonwig . Thanks for your comments and your diligence - I couldn't find any information on the Company's website regarding the increased holding by Woodford , but Interactive Investor shows that he has increased his holding from 18.20% to 19.34% .
mrnumpty
05/4/2018
11:44
Yes, seems bought ~532,000 yesterday. I doubt he will have had any inside information. @ peter27 - can't find it, and the FD should not have told one person!
jonwig
05/4/2018
11:18
Woodford Investment Management Ltd above 19%
mfhmfh
05/4/2018
09:07
to give further comfort read STreport in IC after he spoke to FD after the fall.
peter27
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.
jonwig
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 .
mrnumpty
04/4/2018
12:14
bought in here earlier today. GLA.
mfhmfh
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.
peter27
29/3/2018
20:42
Zeus capital. High dividend yield. Accrol. Let's see
lordyjordy1
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.
lovat scout
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.
jonwig
29/3/2018
14:19
Results due 18 April.
piwood
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