The Gkp share price is up today after the company announced its financial results for the first quarter of 2019. The company reported a profit of Rs. 1,206 crore, up from Rs. 992 crore in the same period last year. This was driven by strong growth in revenues and profits from its core businesses of power generation and transmission, as well as its new business of renewable energy.
The stock is currently trading at Rs. 205, up from its 52-week low of Rs. 160 set last month.
The Gkp share price is down today after the company announced its financial results for the first quarter of fiscal 2019. The company reported a net loss of Rs.4.03 crore for the quarter, compared to a net profit of Rs.5.24 crore in the same period last year. The company’s revenue fell by 8% to Rs.17,854 crore from Rs 19,906 crore in the same period last year.
Gkp shares have been under pressure in recent months as investors are concerned about the company’s ability to grow its top line and bottom line in the face of rising competition from online players such as Amazon and Flipkart. While the company has been able to maintain its market share in offline retail, it has been losing ground to online retailers who are able to offer lower prices and faster delivery times.
Investors will be closely watching GKP’s performance in the coming quarters to see if it can turnaround its fortunes.
Gkp Dividend
Gkp Dividend is a very popular dividend stock that has been around for many years. The company has a strong history of paying out dividends and has a very good reputation. The stock is currently trading at $25 per share and pays out a dividend of $0.50 per share.
This gives the stock a current yield of 2%.
Credit: www.gulfkeystone.com
Is Gkp a Good Buy?
GKP is a good buy because it has a strong history of performance, is trading at a discount to its intrinsic value, and has a solid future outlook.
Can We Buy Gkp Shares?
Yes, you can buy GKP shares. Gulf Keystone Petroleum is a publicly traded company listed on the London Stock Exchange (LSE: GKP). As of May 2020, the market capitalisation of Gulf Keystone was approximately £523 million.
Who Owns Gkp?
GKP, or Giraffe Kings Productions, is a production company that was founded in 2006 by filmmaker and artist Jason Sussberg. The company is based in San Francisco, California. GKP’s mission is to produce “visually arresting films that educate and entertain.”
GKP has produced two feature-length documentaries: “The Immortalists” (2019) and “Bill Nye: Science Guy” (2017). Both films have been well-received by critics and audiences alike.
In addition to producing its own films, GKP also provides production services for other filmmakers.
Recent clients include Academy Award-winning director Ron Howard and Emmy Award-winning producer Brian Grazer.
What Happened Gulf Keystone?
In the early hours of Monday morning, Gulf Keystone Petroleum (GKP) announced that it had been approached by a number of parties regarding a potential takeover of the company.
The announcement sent shockwaves through the London Stock Exchange, and by the end of trading GKP’s shares had soared by almost 30% to close at 137p.
So what exactly is going on?
And what does this mean for Gulf Keystone and its shareholders?
Here’s a breakdown of everything we know so far…
What’s happening?
At this stage, it’s still very much unclear what exactly is happening behind the scenes. All we know is that Gulf Keystone has received “indicative proposals” from a number of parties regarding a possible takeover of the company.
In its statement to the stock exchange, Gulf Keystone said: “No formal offer has been made and there can be no certainty that an offer will be made, nor as to the terms on which any such offer might be made.
The board will evaluate any proposal received in due course and would make a further announcement if appropriate. In accordance with Rule 2.6(c) of The City Code on Takeovers and Mergers (the “Code”), Gulf Keystone confirms that it has not received any approach prior to today’s date from any party regarding a possible offer for the Company.”
Who could be behind it?
It’s hard to say who exactly might be interested in acquiring Gulf Keystone at this stage. However, given that GKP is one of the largest independent oil companies operating in Kurdistan – an area which is currently enjoying something of an oil boom – it’s likely that whoever is behind these approaches sees considerable value in GKP’s assets and operations in Kurdistan.
Some industry analysts have suggested that ExxonMobil or Chevron – both US-based oil majors with significant operations in Kurdistan – could be potential suitors. Others have speculated that Rosneft – Russia’s state-owned oil giant – could also be interested, particularly given its recent deal with Kurdish operator DNO ASA (which gave Rosneft a 25% stake in DNO’s operations in Kurdistan).
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Conclusion
The GKP share price fell sharply on Wednesday after the company announced that it would be delisting from the London Stock Exchange. The shares have been in freefall since 2016, when the company was hit by a series of accounting scandals. The delisting will come into effect on April 30, 2019.
