Results: GYG

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GYG – half-year “expects to report increased Adjusted EBITDA”, but...

Yacht painting, supply and maintenance company GYG plc (GYG) has updated including that it “expects to report increased Adjusted EBITDA… The order book remains strong and the team are working on a number of potential leads that will further strengthen this through the second half while maintaining our keen focus on gross margin improvement” – and the shares have responded to 81p, 4.5% higher...


GYG – the Woodford reverse Midas touch strikes again: banks must be shitting themselves

Oh dear. When Neil Woodford spunked £8 million of other folks cash into the July 2017 100p a pop AIM casino IPO of yacht refitting company GYG (GYG) he thought this would be plain sailing. Oh no. Au contraire. The reverse Midas touch has struck Britain’s most arrogant fund mis-manager withy the second (lack of) profits warning in two months. Now I suggest the banks must be shitting themselves, the shares are 42.5p, sinking like the Titanic, as friendless as the Marie Celeste, and things are only going to get worse.

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