According to this analysis, there is 56% CGG will go bankruptcy.
https://www.macroaxis.com/invest/ratio/CGG--Probability-Of-Bankruptcy
Please find another job, if you are still working in CGG.
12 replies (most recent on top)
French bankruptcy laws explained here. Like many things French they are complicated and don't make much sense.
https://www.reedsmith.com/files/Publication/dd0e30b6-2d8c-4912-b35e-0fe8a7bddc95/Presentation/PublicationAttachment/6dc8fc38-e58f-48c9-9986-53814f7dffbf/France_(as_published).pdf
Malcor should not get out of this without some personal accountability ...
Technip offer (2014)
================
https://www.bloomberg.com/news/articles/2014-12-14/technip-abandons-plan-to-take-over-seismic-surveyor-cgg
CGG rejected Technip’s Nov. 10 bid of 8.30 euro
Reverse split (may/June 2016) : One new share and all rights pertaining to shares, in exchange for 32 former shares.
http://www.cgg.com/en/Investors/Press-Releases/2016/06/Launch-of-CGG-Reverse-Stock-Split
8.30x32 = ..... (close to 265 Euro's)
Share price today (6.60 Euro);
https://finance.yahoo.com/quote/cgg.pa?ltr=1
Upper management is still the same!!! (very hard to understand)
It is 52% today.
This be the true true
Check PGS, SLB share price vs CGG (YTD, last 52 weeks or even worse the last 5 years).
Game over if you ask me!!!
The same website puts PGS at 62% probability and Polarcus at 53% so I'm not sure I trust it completely.
The future should be clearer in the next couple of months.
Just not as many as it used to.
Nah, CGG will last longer than few weeks.
They still got some vessels.
I'm sorry. game over (a few weeks from now)!!!
56%????? hum this info is not updated, after latest news it would be 65....or even higher
Yeah it's fxxked