1420 days ago
Between June and December 2016, I commented extensively in a series of article on the greed of William Dewsall, the CEO of Gable Insurance Holdings Inc, who extracted over £15 million in cash from the Group and its dire prospects, which to remind readers ended up being worthless when its insurance subsidiary company was placed into administration on 17 November 2016. Natch Nomad and broker Zeus and the oxymorons at AIM Regulation did nothing until it was too late.
2728 days ago
We know that the CEO of Gable Holdings Inc (GAH), William Dewsall was incentivised by bonuses linked to how much premium Gable Insurance AG underwrote. Readers may recall that the Financial Market Authority (FMA) Liechtenstein appointed
PricewaterhouseCoopers AG, as Special Administrator to Gable Insurance AG on 10 October 2016, to assess its financial situation and protect the interests of policyholders.
2783 days ago
At 11.40 AM on Friday Gable Holdings (GAH) slipped out an RNS with the harmless title "Board changes". Its contents, however, suggest this company is now toxic.
2840 days ago
Tomorrow my father faces his interview at the Conservative Club and I have been coaching him on what he can say as a deluded lefty to get access to the cheep beer. Elsewhere I discuss how share prices can defy gravity temporarily and why with reference to Gable Holdings (GAH) and Gulf Keystone (GKP). Then I move onto Nyota (NYO), Avanti Communications (AVN), Strat Aero (AERO) and then, in some detail, the dog run by liars that is African Potash (AFPO)
2843 days ago
For sheer comedy I refer you to today's Gable Holdings (GAH) Chairman’s statement which starts with the sentence - ”2015 has been a mixed year for Gable”. He is 'avin' a bubble surely?
2857 days ago
Having failed to finalize its accounts for the year ended 31 December 2015 within the six month deadline of 30 June 2016 Gable (GAH) made the following announcement on 1 July:
2876 days ago
On May 25 it was announced that in order to prevent a capital adequacy ( or inadequacy) issue a private company owned by the uber-greedy bastard William "£15 million will do nicely " Dewsall was to offer a £10 million guarantee to ailing AIM dog Gable (GAH). The only issue was - as we revealed here - that the vehicle in question Hogarth Underwriting Agencies - had net assets at June 2014 of £357,981. The reported profit for 2014 was just over £93,000. 2015 accounts were overdue. Problemo?
2882 days ago
At the end of 31 December 2014, AIM dog with fleas Gable (GAH) had retained earnings (it has never declared a dividend) of £6,906,000 comprising retained earnings of £5,956,000 and a share based payments reserve of £950,000 over its circa 10 year history.
3207 days ago
Once again I find myself at Free Speech & Liberty Pizza alongside foxy Beatrix from Budapest who tells me that she is a keen reader of George Orwell. She says all the right things. I bet you are all insanely jealous of me. I digress. In this podcast I discuss Tomco, New World Oil & Gas, Frontier Resources, Fitbug, Gable Holdings and Daniel Stewart where I hear bad things abut the cash burn.
3646 days ago
Insurer Gable Holdings (GAH), which underwrites a range of specialist policies for the commercial sectors across the EU, has announced that it has received regulatory approval for land vehicles (other than rolling stock), goods in transit and motor vehicle liability underwriting in the UK market and “anticipates that it will commence new business in these classes during the final quarter of 2014”.
3868 days ago
Gable Holdings (GAH), the insurer underwriting a range of specialist policies for the commercial sectors in the UK, Denmark, France, Germany, Italy, Norway and Spain has announced a first product in the Netherlands and a strengthened financial team to “provide a strong senior accounting executive in this period of accelerated growth of the company”. This has been a good share tip from me on my Nifty Fifty site, but what now?
4155 days ago
Shares in Gable Holdings (LSE:GAH), the AIM-listed non-life insurance company underwriting a range of specialist commercial sector policies across Europe, have continued to make progress since I previously updated on the company towards the end of last month. This follows some positive December news flow, which I review in the following piece. I first recommended shares in this company in 12 years at t1ps – in this case in July 2006 when they traded at 18.5p. Since departing t1ps in September, I have updated in October (shares at 31.5p) and then last month (shares at 39p) – noting on both occasions that the share price looked to have a good way to go. Now with the share price at 41.5p ( so not a bad share tip), the following summarises my current thoughts…
4170 days ago
AIM-listed non-life insurance company, Gable Holdings (GAH), has been something of a star share price performer recently – the shares having commenced 2012 trading at 22.125p and now at a year high of 39p. I first recommended these shares on t1ps.com, the website I founded in 2000 and edited until this September when I left to start the Nifty Fifty, at 18.5p in July 2006 – so this has been something of a slow burner which is now sparking into life as a red hot penny share. This is particularly gratifying as I gave an updated view on the company last month, with the shares then at 31.5p, concluding that “the shares would not be particularly expensive at double current levels and believe there materially more gains to come for shareholders here. Still a buy at up to 37p in my view with a target of 60p”. The following reviews a new business announcement from the company today and the outlook from here…
