Spdr Glob Infra Discussion Threads

[gaybriefs] 04/2/2005 10:29

Price rise due to one of Nigel Robertsons reverse takeovers making its debut yesterday and trebbling in price 5p to 15p.
Will it happen here as this is a dirty shell?

[fishman] 04/2/2005 09:32

GIN price now moved up 5 days in a row - which is pretty unusual.
Any news on this will I feel sure make the price go ballistic. I am presuming many punters have their eye on this share, but are not involved because so far it is less than hot air.
Clearly anyone foolish enough to have got in recently(myself included) is reasonably happy........but it has not been easy, since other investers have tended to taunt one for holding such a share.
Price rises can surely only mean one thing - there is a demand for shares which is currently unable to be fulfilled.

[kingcnut] 03/2/2005 10:11

Take a look at JBH bb some data just been posted containing the latest info on turnover for their investment. Very interesting reading and well worth a look. still a bargain at 0.4p so stick it on ya monitor

[westernedge] 02/2/2005 19:35

In summary then, this is a dirty shell which can sit there for as long as it takes to find a new partner and the exchange probably wouldn't do anything about it for a good while yet. The directors will be trying to find someone to reverse in but it's a big ask.

They are looking to change AIM listing rules for new and existing cash shells.. imposed time limit of 12-18 months.. then likely suspension..
NB they are not in place yet but under consultation..
Could well be a lot of activity in shells if they pass em off...

[boldtrader] 02/2/2005 18:34

Hope you worked it out Battery Boy,I'm wondering the same thing,All a throw of the dice i would guess, still holding afew just now,good luck to all GIN holders.cheers.

[battery boy] 02/2/2005 12:05

Here's where we are:

We're all waiting to see if we're going to get anything back from our investment we all made on the back of the internet and new media betting boom.

It can't have been anything else because the players involved had absolutely experience of the market place whatsoever and still don't. In any case there's nothing and noone left in the business except a listing, a bank guarantee, and a million quid loss in the accounts, and two directors and a mobile phone. This is no longer a betting business it is a shell.

The aim now is to find someone who wants liquidity for his own stock so he can either sell it or achieve a valuation to raise cash against it.

To float a company on AIM would usually cost you about 4-500 grand in fees etc and take you about 6 months if you qualify under exchange rules.

So a cash shell like this becomes useful to bypass this process and slip in the back door. In normal circumstances, if you wanted this listing, you'd approach the shell and they'd either give you an equity swap of sorts or sell you the vehicle for something shy of the half a million it would cost you otherwise - so everybody gains.

This company came about as a reverse takeover of Galaxy which had losses of about 100 grand and limited issued stock so that was clearly the entry price.

Problems are:

1: This company has almost a billion shares in circulation and the directors and friends probably won't own more than about 10% at a push so the potential suitor won't get much for his swap.
2: There's a million quid loss on the books
3: There's no particular expertise in the business save general business knowledge
4: You couldn't raise any money against it whilst the siuation is like this
5: If you were big enough to absorb a million quid deficit, you'd probably do your own listing anyway.
6: The company 'appears' to have a market cap of something like 2.5 million but there's nothing in it so you'd clearly be paying over the odds anyway.

This is why shells like this one are known as 'dirty'.

The positives are:

1: There are practically no overheads to pay
2: There's a bank guarantee in place to deal with the admin
3: There's no hurry (this could stay afloat for years)

In summary then, this is a dirty shell which can sit there for as long as it takes to find a new partner and the exchange probably wouldn't do anything about it for a good while yet. The directors will be trying to find someone to reverse in but it's a big ask.

So to answer the big question of 'what happens next?', here's a suggestion. The only people who 'know' are those who 'know' and the only time that they will want us to know is when they want the price to go up or they're out.

The price won't go down much more unless it's curtains and the only time that's it's worth buying is when those who 'know' steam in becuase they're bound to.

The only thing to do here is to sit back and watch the volumes as that will be the only clue. Otherwise it's a case of heads or tails.

I guess I'm writing this just to work out why I'm still here anyway!

As ever, this is just my own opinion.

Batt

[fishman] 02/2/2005 10:46

Re lack of 'GIN chat' here:
There's nothing much to say!
Apart from 'the price goes up here, down there'........
Personally I feel that there is still every chance of some sort of reverse takeover.
Is a UK stockmarket listing prestigeous, or worth a quantifiable amount of money?
(That question is rarely if ever discussed, but has a bearing here........)
If a company has made a heap of losses in the near past, can someone profit from those losses by setting them against gains in the future?
Again.....rarely if ever discussed.
Thirdly, the prospects for a reverse takeover :
Look at emerging economies, particularly India.
Outsourcing is growing exponentially. Also there is evidence that there is an increase in people taking their own healthcare in their own hands and getting surgery etc done over there. I personally feel that there is plenty of scope for outsourcing in many untapped areas. For example medical sample testing. (Remember, the physical transport is only one way - the response is by email or whatever......got to be huge cost savings.)
I'm not saying that a company specialising in medical outsourcing will seek a listing by reversing into GIN - just thinking aloud......so perhaps some may like to discuss these or other issues?

[popsie2] 31/1/2005 20:45

I borought GIN for 6.45p back in March 02,car'tn get hold of anyone from this company to help, "someone out their please advise"
Many Thanks
Popsie2

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[spen46] 28/1/2005 00:36

Come on, someone must have an opinion......
I have posted before, aka spen45

Last time I was querieng why a sell of 4 pound went through...
Is it because of the following:
a) Barclays were bored of keeping the shares and sold them to tidy up their books, as happens sometimes?
b) Conspiracy theory - The 4 pound sell was a sign to wait 4 weeks for news, then buy, when price rock bottom?
c) People in the know should sell everything as this share is going down the pan.

I know the bove i a load of rubbish, someone must have an opinion?......

[spen46] 24/1/2005 23:22

What about the signal today, where all 5 transactions were sells - everyone sold?

[pay2click] 21/1/2005 09:41

Hi all, still aboard also, waiting for a signal

[brian1944] 20/1/2005 12:08

hi all still aboard aswell

[hotfinance14] 20/1/2005 10:48

Still aboard aswell...

[boldtrader] 18/1/2005 13:00

life aboard I see!cheers.

[jonno1] 18/1/2005 12:57

yeah saw that as well...
whats happening here now any ideas...seems to be dead?

[spen45] 18/1/2005 12:25

Why would anybody sell £4 's (Four Pound's) worth of shares?
Surely it costs more to sell?

[fishman] 05/1/2005 11:36

There have been ocasional attempts to equate trade volumes with price movements.
I wonder whether this is a red herring with this company.
When I bought mine (an ammount substantially greater than nearly all total day trades) the price didn't budge at all on the day, or for the few days after.......
The difficulty will be judging when to sell, because it may well be all hype, in which case one will do well to get out before the bubble deflates, or else the rise trully is symptomatic of some real corporate action.
Personally I have not engaged in such high risk in order to gather a few coppers off the table.
This will be a lose all/gain a fortune punt for me.
Those looking for confirmation of a rise based on fundamentals or positive news should stop wasting their time here and get into a 'proper' company!

[pay2click] 05/1/2005 08:31

"This COULD be the next big shell story - or nothing.
Neither is at the moment provable, which makes it an exciting proposition."

Yes it could be either.

Isn't it a massive gamble for those larger share holders to be holding on like this? (if there is nothing to hold onto)

Unless that's what they want other investors to believe, in which case, the speculation on it's own is driving the price up.

But after that article came out in the Guardian about the Indian company looking to invest, the phrase "no smoke without fire" sprung to mind. So I bought a 'low risk' 100k volume and am watching it closely.

So far the price has climbed steadily northwards. Still waiting for an annoucement of some kind though.

Any other opinions?

[fishman] 05/1/2005 00:37

If there is a need to raise the price of GIN, the implication is that current holders are reluctant to sell.
So why might that be?
After all, the major holders hold zillions of shares - why are they keeping hold?
This COULD be the next big shell story - or nothing.
Neither is at the moment provable, which makes it an exciting proposition.

[westernedge] 04/1/2005 17:24

Folks...Common misconception...Buys and sells are NOT reported.. never have been on any stock traded out of London...
IT is purely a guess on each trade by whatever site u r looking at...
Usually price and time of trade make it clear...L2 at the time helps also...

[oxford blue] 04/1/2005 17:20

Good question. Are the 2m sells (at 34 34 and 35) and 500k buy (38) post-close? They appear to me on an ADVFN competitor - although they are out of sync with the rest of the trades. Looking at it in this way, I'd say the big sell is indeed a sell.

Basic question: Why do buys sometimes show up as sells?

Thanks.

[boldtrader] 04/1/2005 17:13

Was that 1 mil + a buy or sell. Barclays say sell, but on the late day price its hard to call. any thoughts?? Cheers.

[westernedge] 04/1/2005 16:21

light switch?..lol know wot u mean..

imo..Goes back to that buy in dec that looked like a sell oxford..

could be a large buy order getting worked thru?? we will see