Let’s see what the sentiment indicator is Signaling: Ferroglobe PLC [GSM]

Ferroglobe, one of the world’s foremost suppliers of silicon metal and silicon alloys with manganese, serves customers worldwide. Our customers’ end markets include solar, automotive, consumer products, construction, and energy.

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What was recent News…

Yesterday, Ferroglobe PLC announced it had entered into confidentiality agreements with individual holders of its 9.375% Senior Notes due 2022. This was done to facilitate discussions regarding the maturity of the notes and the introduction of additional capital. As part of the debate, the Investor Presentation posted on the Company’s website, www.ferroglobe.com, was presented to the Ad Hoc Group of Noteholders. It is expected that the discussions with the Ad Hoc group of noteholders will be concluded soon.

Chief Financial Officer of Ferroglobe, Beatriz Garca-Cos Muntaola, said: As we have previously stated, the Company has diligently conducted a debt restructuring to reduce its senior notes and raise extra capital. We would just like to thank the Ad Hoc Noteholders for their efforts over the past few months, along with potential new financing partners. Our goal is to secure easy access to cash to implement the plan and eliminate near-term refinancing risks. This discussion will be rapidly advanced to the next phase, and we will provide an update to the market when the time comes.

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To conclude,

The role of insiders and majority shareholders is another critical factor to analyze. You can gather important information here about a stock’s future from the tea leaves, even though it is not a foolproof way to figure what the future holds for a stock. Institutional investors hold 21.80% of this stock, whereas insiders hold 57.79%.