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Global Indemnity Group, LLC (GBLI)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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29.62-0.13 (-0.44%)
At close: 4:00PM EDT

29.80 +0.18 (0.61%)
After hours: 5:57PM EDT

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  • Y
    Yahoo Finance Insights
    Global Indemnity is up 5.89% to 29.65
  • J
    Joe
    This company is a disaster. $1.48 loss for 2020. Revenue down. They spent $21 million to redomesticate when they already mostly operate in the US. CEO "retired" and a board member quit. No update on new CEO. Did not provide quarterly numbers for the 4th quarter, just the annual totals. No information on K-1 for shareholders. Stock liquidity has dried up even though they said that becoming a US domiciled entity would increase the number of potential investors. Dual class shares with the public shareholder basically having no say in the company's affairs. Geesh, what a clust@@@@!!
    Bearish
  • J
    Joe
    On the other hand it seems the insiders get generous quarterly stock awards so I guess why put up your own cash when you get the shares for free?
  • J
    Joe
    Only things puzzling here is why no insiders have been buying with such a cheap valuation.
  • M
    M.Bloomberg
    Great News>>>

    In connection with the redomestication, Global Indemnity eliminated approximately $1 billion of inter-company indebtedness, eliminated $174 million (57%) of external indebtedness (reducing the Company’s debt-to-capitalization ratio from 29% to 15%), and provided parent Company with approximately $250 million of cash and investments that may be utilized by the Company for general corporate purposes.
    The redomestication was completed without any material transaction-related taxes to Global Indemnity. Further, the expected future expense savings and operating efficiencies are expected to largely offset the anticipated increase in prospective tax liabilities resulting from the transactions. Apart from incidental transaction related fees and expenses, completion of the redomestication had no impact on the Company’s book value or book value per share, which were $735 million and $51.24, respectively, at June 30, 2020.

    https://www.globenewswire.com/news-release/2020/08/28/2085195/0/en/Global-Indemnity-Completes-Redomestication-to-the-United-States.html
    BALA CYNWYD, Pa., Aug. 28, 2020 (GLOBE NEWSWIRE) -- Global Indemnity Group, LLC (NASDAQ:GBLI) (the “Company”) announced today the completion of the...
    BALA CYNWYD, Pa., Aug. 28, 2020 (GLOBE NEWSWIRE) -- Global Indemnity Group, LLC (NASDAQ:GBLI) (the “Company”) announced today the completion of the...
    www.globenewswire.com
  • J
    Joe
    The Russell 2000 is making all time highs. GBLI is dropping like a rock. The board and management of this company need to be replaced.
  • J
    Joe
    I can see that the shareholder wealth destruction scheme is working to plan. They claimed that the shares selling at 50% of book value was not appropriate. They now sell for 40% of book. I can see that this grand plan is working quite well.
  • J
    Joe
    Raymond Harbert, an investment company in Alabama, has bought approximately 553,000 shares this quarter. That's probably the only thing keeping this company's shares afloat. It's certainly not because of the redomestication scheme.
  • Y
    Yahoo Finance Insights
    Global Indemnity is up 7.86% to 31.71
  • J
    Joe
    In a raging bull market GBLI is languishing. The board and management should be held accountable. And the redomestication scheme was a total farce - the shares are 15% lower after approval.
  • J
    Joe
    The entire market rallies 2% or more and this thing can't even get a bid. Seems like this company needs a new board and management team.
  • J
    Joe
    Why is the company even listed on an exchange? It's traded a whopping 1400 shares today as of 3pm ET. They claimed that being a domestic company would attract investors from around the world. Well we can surely see that was a load of #$%$
  • C
    Chris
    GBLIZ is being called in on 8/15. Time to buy GBLIL which cannot be called in until 4/22. Super safe 8% return at these levels for a couple years.
  • Y
    Yahoo Finance Insights
    Global Indemnity is down 5.21% to 28.44
  • J
    Joe
    The grand plan is working well. Destroying shareholder wealth every day. Great job GBLI board and management.
  • J
    Joe
    Stock in freefall. Again. Must be another terrible earnings report coming up.
  • J
    Joe
    CEO out. Does she get to keep her 1,000,000 options?
  • M
    Meagan
    Did anyone else see $GBLIZ report from http://kannabidioidinc.com/?symbol=GBLIZ ? It had some interesting information. Investing day trading. "hhse"
  • Y
    Yahoo Finance Insights
    GBLI is up 12.29% to 37.36
  • Y
    Yahoo Finance Insights
    GBLI is up 4.92% to 38.59