Thread regarding CGG Veritas layoffs

Stock Price

Well, CGG is down again. Today it is at $1.49, down 8.5%. Will it get below $1.00 by the end of the year or the end of January? This company will end up with bankruptcy and being sold off in pieces to pay sc-aps to the debt holders.

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Post ID: @OP+WhBvpHY

14 replies (most recent on top)

CGG stock is now $1.20. Start sending out those resumes.

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Post ID: @xffq+WhBvpHY

-5,8 yesterday!!!

https://finance.yahoo.com/quote/CGG.PA/

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Post ID: @sqsm+WhBvpHY

Stock price is now $1.29. Could be at or below $1.00 in the next month.

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Post ID: @ipke+WhBvpHY

Maybe due to low oil price, poor performance & yellow vest demonstration in France.

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Post ID: @hogw+WhBvpHY

-16% today (1.07 euro per share now).

https://finance.yahoo.com/quote/CGG.PA/

Any idea what's going on except oil price??

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Post ID: @hofl+WhBvpHY

Capital market day about a month ago

https://www.cgg.com/en/Investors/Capital-Market-Day-2018

Market Cap reduced about 50% the last month. The end is near!!!

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Post ID: @dzab+WhBvpHY

At close it lost ~7% (1.24 euro). The market cap is now 880m euro which is ~1b USD. It was >2b a month ago.

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Post ID: @diba+WhBvpHY

-5 % today!!!! (1.27 Euro this afternoon).

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Post ID: @dwzk+WhBvpHY

Time has come, it’s time for the end game.

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Post ID: @9xaz+WhBvpHY

Run before it's to late.

Market is wise and would not lie.

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Post ID: @7hep+WhBvpHY

Do not forget, it's a good indicator!!! Maybe you remember the reverse split, 1/32, about 1 1/2 year ago? I'm glad I do not have CGG shares any more (everything sold 2013/14), after the ridiculous CGG-Fugro stunt!! Get out before it's to late!!

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Post ID: @6sfw+WhBvpHY

I guess you realise that stock price has no direct link to bankruptcy? You should be more interested by how much cash is left.

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Post ID: @6uzl+WhBvpHY

I keep my champaign in cooler and keep it ready to pop it when CGG file for bankrupcy.

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Post ID: @5diu+WhBvpHY

Paris: 1.29 this afternoon

https://finance.yahoo.com/quote/CGG.PA/

Maybe it's a good idea to look for a new job? (before it's too late?)

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Post ID: @iod+WhBvpHY

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