Invest? If not.........What are your reasons? Lack of liquidity? Fear of a 'different' marketplace? Perhaps you feel wary as you feel you don't yet understand how it works, or your broker is either negative, or doesn't trade Ofex shares.
(Don't worry, most people have never heard of Ofex - perhaps that in itself is a reason!).
Are you then a 'lurker' who'd like to give it a go but aren't sure?

What is it that would convince you to finally give it a go, to buy your first ever ofex share? Or would you never do it?

Do tell! And do ask any questions you have. They don't bite!

Post 45 think it through thirdeye I take it your not up with EC regulatory laws. I rest my case.

cheers gf.

Just to claarify. GSC property assets c.42.6 million, plus cash around 5 million, less 400k for creditors v debtors. Borrowings 37 million over 25 years, nav 101p.

Seems entirely clear to me. 35% below nav. DYOR.

Just a recap on the problems facing Britannia and the reason as always why thirdeye leaves the debate prematurely..................

Fact this on is a minnow in a big pond

Fact this one is facing increasing interest rates

Fact this one is facing narrowing margins

Fact this one will lose customers due to increased interest rates

Fact this one is well exposed to geopolitical problems

Fact this ones bad debt is rising and will get worse

Fact this one has a massive increased cost base

Fact this one cannot grow from net cash inflow

Fact this one as to keep going back to the bank for finance

Fact this one is massively geared

Fact this one is facing losing revenues on government legislation

Fact this one is up against the new Bankrupt laws

Fact this one is in a saturated and overcapacity market place

Fact this one will be up against new EEC laws on emissions

Fact this one is up against more people buying new cars

Fact this one is up against more people taking to public transport

Fact this one as gone in to the overcapacity credit checking busines

Fact this ones boss and his wife have been selling shares big time

Fact this one is within a trading range 34p to 39p and cannot break out

Fact this one is on an iliquid market and hardly ever stirs

Fact if you stay much longer in this one you will live to regret it.

cheers Gf.

Ps, ask yourself this, would you buy this stock knowing it faced all these problems and even more if this is the flagship of Ofex what does that say for that market???????????????????????????.

Spot on Hawick ,just checked out the figures from the accounts myself.

cheers GF

hawick you said assets 47m & cash of 5m

that's circa 50p per share overstatment.


However pleased you have corrected it now I have pointed out your error.


Goldfinger half of those aren't facts and you know it, I always have time to debate with those who are constructive and reasoned.

Please point out then the ones you dont see as facts (please provide verification, idle gossip is not good enough), because I can tell you this everyone is a fact and not speculation like you have tried to use with your arguments. As bullshare says stick to facts and I have done that.

cheers GF.

If you check it out, you will find they sold a property recently for 4.45 million. That gives assets c.42.6 million in property, and around 5 million in cash (less a small amount for debtors v creditors). Please be careful, I did not say, nor wish to imply, anything else. And I have checked the wording is quite clear. So if you can put your pals at finfoex right i would appreciate it, thanks. I dont mind you debating tough, but please play fair.......

I have always including elsewhere in this site and as you know at unquoted too, used a nav figure of 101p.

I did not say 47 plus 5 anywhere. Do post the quote please otherwise. Assets over 47 million, I said. Further down I mentioned that c.5 million is in cash, it was not in addition to.

That remains unchanged, though as repayments fall and if commercial property prices rise by a modest 5% p.a. in five years time will have risen to closer to 3quid, (repayments by then around 30 million, assets nearer 60 million) even assuming modest or no profits.

And thats the attraction people are yet to wake up to. GF think you should lock away a few of these, as I have!

Tell you what hawick the more you reveal the more this one gets interesting.

Any ideas on if it is going up to aim??????

cheers Gf.

ps, sorry couldnt buy enough on ofex for my purposes, the same old problem.

Well i have 20k GF! Not big enough for you i guess, lol, and it has recently become my biggest long term share!

Post 32 in full hawick, you state 47m assets & 5m cash period.

GSC assets over 47 million. Borrowings fixed over 25 years. I am a big fan. Low risk unless you think commercial property will crash. Can't see that with new sites so hard to get, the demand for existing sites likely to outstrip supply, squeezing prices ever higher.

Nearest competitor on Aim trading at premium to nav.

90% of GSC clientelle are FTSE 350 companies or government. Unusually high quality for an ofex company.

Cash in bank 5 million against market cap 6.5 million. Strong buy. Thanks for highlighting it Third Eye, though your numbers are a bit off.

Agreed Roy.

As an investment don't like OFX btw, negative nav.

If you are including the 4.5m cash, you should have said 42.5m assets.

As way of being balanced you might have mentioned that borrowings are 37m as well.


The post overstates by 45p per share.




Sorry to be accurate.


(Pleased you & goldfinger felt the need to register)

And there are no scammers in the large caps ?

This isn't an argument. Its just pure contradiction.

Not it's not.

Yes it is.

Doh

HAVE INVESTED IN OFEX BACK IN NOV 2000 WHEN I PURCHASED SHARES IN TWIGG MINING/MINERALS & WERE ADVERTISED IN SHARES MAG AS A LONG SHOOT HAVE HAVE KEPT THEM SINCE WHEN THEY CONVERTED TO (AIM ).

You have it right Hawick, no problems. Checked again.

cheers GF.

GSC nav 101p. Share price 65.5p. As I have always said. Despite another's misleading posts.

Strong buy.

PS: Get your wallet out goldfinger! (Your genuine interest here in an ofex share - which your followers know for good reasons you'd normally duck) bound to have others appreciating the hitherto hidden attractions of GSC - and with genuinely, in this case, really rather special, reason.

Does show, this thread, about just how very careful we all have to be about careless, albeit well meaning, though naive, research from others, in this case.

Nice spot GF.

GSC nav 101p, shares a crazy 65.5p only cos they ain't been spotted yet. Big buy. In four or five year nav on modest forecasts (see above) near 3quid!!

Must admiit Hawick Im tending to think more defensive at the moment and certainly will be I am sure come the mid to end summer. Im tempted.

cheers GF.

Not been spotted Hawick?

You have written about them on Sharecrazy, Unquoted, MoneyAM, ADVFN, Motley Fool, under Scotland, Hawick, Eyecatcher, Egoi & Eyecatchers, there the ones I know about. I think you must have mentioned them at least 15 times on Unquoted.


Sure have done a good job to get people interested, well done, but the lack of volume says all for me, investors just don't seem interested, I suspect half the volume recently is yours.



Contrast that with the volume of Britannia Finance & even institutions have got involved before the new market makers arrive....that speaks volumes.




Easily the best vlaue on Ofex imo Britannia Finance.



Btw well done for correcting your overstatement of circa 5m.

There was no overstatement, so no apology from me, you appear to be suggesting cash is not part of a company's assets! As I have always stated, nav c.10 million. Total assets c47 million. The nav on my modest figures likely to be nearer 3quid a share in five years.

Britannia - which you have posted about under more than one name and many hundreds of times on many sites (hundreds is NOT an exaggeration quite possibly thousands), faces interest rates up, competition fears gathering pace and would any moral investor support a company that charges borrowers over 30%? I would not and there is talk of legislation to stop such practises in this area, long overdue imho!

I have posted loads correct mostly to answer questions & in debate, all under third Eye though, unless that username isn't available.


I was shouting about it @ 9p, & then Michael Walters picked up on it @ 24p, & then UK Analyst at 39p, obviously not on my own on the merits of Britannia.


The only recent negative posts, & hundreds of them are from 2 posters, yourself (egoi on ADVFN)& goldfinger (Oliverleftwingtit on ADVFN) who never appear to disagree. The ADVFN thread on Britannia makes very interesting reading the one with 940 posts.


If you don't wish to mislead on GSC it's very easy all you do is state 47m assets including 5m cash, which most responsible posters are happy to do.