Spdr Glob Infra Discussion Threads

[johnives] 16/11/2004 12:53

Dear Sweet Cherry Pie
As I said am a mere amateur as regards the inners workings of the financial markets so could you explain to me in laymans terms why you need to know the liabilities and Market Cap, please.

It seems to me that cash shells are simply a vehicle for non AIM listed companies to get into AIM through the back door. Clean companies have the advantage of actually have some cash in the bank whereas dirty ones have debts which can be set off against future profits.

What is the commonly held wisdom regarding clean versus dirty cash shells. Having said that it seems that Robertson is the one puulling the strings here and if I were him and knew the plans for the company I would be trying to buy as many shares as possible while the price is low.

My attitude is that at least he has bailed out GIN via Highland and he wouldn't do that unless there was something in it for him. But there again what do I know !! Thanks in advance.

regards
John Ives

[juan1] 16/11/2004 11:37

SCP.... Those are key figures for previous day updates, ie current.

[sweet cherry pie] 16/11/2004 11:32

LONDON (AFX) - Gaming Insight PLC said Highland Fund Advisors and Brookspey
Ltd, a company controlled by Gaming Insight's chairman Nigel Robertson, agreed
to grant the company a 500,000 stg loan facility of which 100,000 stg has
already been made available.
The balance will be advanced on January 15, 2004, on receipt of which the
company plans to publish its report and accounts for the year to December 2002
and its results for the six months to June 2003 and seek a lifting of the
suspension of trading in its shares on AIM.
The company also said Victor Chandler has resigned as a director of the
company with effect from Dec 10 to concentrate on his other business interests.
jc

[sweet cherry pie] 16/11/2004 11:30

JUAN1 - many thanks....do you happen to know if any more GIN stock has been issued during 2004 ?

[juan1] 16/11/2004 11:25

253m shares in issue and liabilities of 1.6m @ dec31st 2003 --- mkt cap. .67m

[sweet cherry pie] 16/11/2004 10:35

johnives - yet another good post. Think that we will need to find out how many shares are in circulation currently to find out the real MKT CAP....

GIN will no doubt have to issue further shares for any aquistion and to pay off existing liabilities....let's not only hope that a deal is done, but a quality deal at that !

[johnives] 16/11/2004 10:30

My understanding is that they owe £1m. Not sure how many shares in circulation at present. Unfortunately I am an uninformed amateur who got suckered into buying Gamimg Insight by dear old Adam Faith. Having said that I am well up on FTO ie almost covering my GIN losses. My attitude has to be that penny shares are high risk and one should not moan when some go belly up. Having said that there has been so much rumour and conjecture about "iffy" goings on with GIN that I have remain resigned to losing my money. The shares are now so low that I would rather wait than sell for a few grand and curse myself if they ever recovered. My understnding is that the fate of GIN lies essentially in the hands of one investor ie Nigel Robertson and the only glimmer of hope is that Robertson and Kanaber seems to specialise in this sort of high risk market and do apparently more often than not deliver. Essentially we can only wait for them to find a suitable business which wants AIM listing. Hope this makes sense,
Regards
John Ives

[sweet cherry pie] 16/11/2004 10:00

johnives - many thanks for that. Do you happen to know how many shres GIN has in issue currently and what their exact cash/liabilities position is ?

[still waiting] 15/11/2004 08:39

A few buys and a bit of activity from the off??

Press speculation or more to it..

[oxford blue] 14/11/2004 22:56

Yes, John, thanks - nice one. Not that it necessarily makes compelling reading for a man with a crateful of GIN in his portfolio ...

I wonder: why does Big Nige never say anyhitng about GIN.

PS
£40k - sheesh ... that's a serious holding!

[sweet cherry pie] 14/11/2004 21:55

Johnives - thanks for that great link !

[johnives] 14/11/2004 18:33

Interesting article on Cash shells at the following


It appears that Mr Knanabar is much sought after for his expertise in this field so perhaps there is some hope yet for my £40k but don't hold your breath.
I remain less than optimistic but there again Phoenix did rise from the ashes.
John Ives AKA
AND TONIC

[johnives] 13/11/2004 17:37

And Kanabar is the Finance Director !!!

[oxford blue] 13/11/2004 13:34

Nigel Robertson is the Chairman of GIN.

[alexliddy] 13/11/2004 12:28

Nice post Johnives are Robertson & Kanabar involved in gin names ring a bell

[johnives] 12/11/2004 18:31

Came across this today and wonder if the several more might include GIN ??

A team from Charles Russell has advised Blue Star Capital plc on its listing on the Alternative Investment Market (AIM). Charles Russell was instructed following previous work the firm had undertaken for the directors, including advising Nigel Robertson and Haresh Kanabar on the £56m reverse takeover of AIM listed Spiritel plc.

Blue Star Capital is a newly established company created with the aim of providing initial seed capital for the development of early stage companies.

In conjunction with its AIM admission, Blue Star Capital raised £5.55 million by way of a placing at 10p per share and on Admission to AIM had a market capitalisation at the placing price of £10,550,000.

Partner and Head of Corporate Finance Simon Gilbert led the Charles Russell team, working with Richard Harry. The nominated adviser was Durlacher Limited, advised by Penningtons (Jonathan Griffiths).

Simon Gilbert said, "This transaction is a further indication of how much activity there is on AIM: this is our 15th AIM listing this year and we are currently working on several more."

[alexliddy] 12/11/2004 17:55

Sagem do you have any history on Mr Robertson is he acting alone thanks Alexliddy

[oxford blue] 12/11/2004 17:27

Why would it show as a sell? Link to the Money Week article? £1 in 12 months? lol.

Please tell more. I'm GIN-happy too.

[sagem] 12/11/2004 16:47

Bought more at .25 but shown as a sell again

[sagem] 12/11/2004 10:16

.24 IS A BUY NOT A SELL...TIPPED IN MONEY WEEK 12TH NOVEMBER AS A SPECULATIVE BUY. MAJOR SHAREHOLDER NIGEL ROBERTSON KEEPING COMPANY AFLOAT. POSSIBLE REVERSE TAKEOVER. THIS COMPANY IS NOT GOING BUST.

[alexliddy] 23/10/2004 19:51

all gone quiet again anyone heard anything

[oxford blue] 02/10/2004 13:50

Does anyone know what prompted the large-ish buys at the end of August and in September? I suppose it's a question that might be worth trying to answer.

[kwikeffect95] 02/10/2004 13:28

the plug was pulled a long time ago on this muppet compay