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Global Indemnity Group, LLC (GBLI)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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22.55-0.91 (-3.88%)
At close: 4:00PM EDT
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  • J
    Joe
    The grand plan is working well. Destroying shareholder wealth every day. Great job GBLI board and management.
  • 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
    The entire Russell 2000 index ETF was up 2.63% today. GBLI eating its dust. Sad sad times for GBLI shareholders.
  • 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.
  • 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
    A large shareholder, Blackrock, sold almost their entire holding in GBLI (see SEC filings). Can't say that I blame them.
  • J
    Joe
    Another day, another beatdown for the GBLI shareholder. Sure glad the management and board are guiding the ship in the right direction.
  • Y
    Yahoo Finance Insights
    Global Indemnity reached a 52 Week low at 21.34
  • 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 9.61% to 24.26
  • Y
    Yahoo Finance Insights
    Global Indemnity is up 8.44% to 27.50
  • Y
    Yahoo Finance Insights
    Global Indemnity is down 6.49% to 23.33
  • Y
    Yahoo Finance Insights
    Global Indemnity is up 8.18% to 25.13
  • Y
    Yahoo Finance Insights
    Global Indemnity is up 6.90% to 21.53
  • K
    King
    what the heck happened with the stock price on 8/27?
  • Y
    Yahoo Finance Insights
    Global Indemnity is up 5.94% to 25.32
  • Y
    Yahoo Finance Insights
    Global Indemnity is up 6.02% to 23.96
  • 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
    Meagan
    Did anyone else see $GBLIZ report from http://kannabidioidinc.com/?symbol=GBLIZ ? It had some interesting information. Investing day trading. "hhse"