|B.S.D Crown Di
||ORD NIS0.01 (DI)
||EPS - Basic
||Market Cap (m)
|Software & Computer Services
B.S.D Crown Di Share Discussion Threads
Showing 901 to 923 of 925 messages
|My take is that the Willingers, who originally sold Willi foods out to Emblaze at a high valuation and now see Willi foods doing very well, want to get back control of it, by paying perhaps 50% of its current worth, via BSD. They seem to want to have their cake and eat it. Forgive the pun.It is very easy to become cynical about the way the Willengers are attempting to complete this operation especially while the share is still suspended.The shareholders of BSD should be putting pressure on the directors to get the outstanding accounts published, with or without an audit qualification on the numbers. How long does it take?|
|One of the things you need to consider is that people try to take 'control' of this company, and its cash, or not its cash, or whatever assets there are, or whatever protection they may seek from being asked to return cash, or ..... with 50% of the company, or sometimes less, normally through other companies. Ownership and control is very difficult to follow. Somebody appears to have been able to make use of the cash with less than 50% voting rights, perhaps, allegedly.
So when people multiply up and say at this share price the company is worth amount 'X' you do need to ask yourself, OK, so why isn't this person paying X for the full company?
Perhaps they want 'control' of the above at a lower price, and you need to ask how the company can actually be worth X.
But I have sold, so we shall see what happens.
The one thing that I can understand is the desire of Willi people to get Willi Foods clear of all the shenanigans, perhaps, allegedly, and confusion of BSD, so that is why they wanted the shares.
|Have kept all mine.... Just have certificates now.. :-)|
|It will be interesting : firstly if you guys get ALL your shares sold AND IF you get a better price. BUT I can understand everyone's wish just to get their shares sold at the agreed price anything else would be a BONUS|
|Why Moneyman ?|
|A fair few IMO.|
|Seems that those who held on to their shares have done the right thing. Who would have thought that|
|The offer closed today.|
|27.5p I believe|
|Is the tender offer still at 25p ?|
|The value put on the company in this agreement is $70m. This means that each share in BDS is worth at least twice the current price.$70m = £58m. Shares in issue 110m, therefore each share worth 53p. It will be interesting to hear what the independent valuer will value the company at. Willi foods is doing very well and BSD own 100% of it.|
|Will you get your money ?|
|Looks like willi foods is doing well.
No wonder they want are shares.|
|GET YOUR MONEY WHILE ITS IN THE BAG
Just HOPE there will be NO scale back
I have my fingers crossed for you guys|
|No more extensions. No other liquidity. Messy business with Israe 18 and missing company cash. 6 months late on 2015 accounts. 1 month late on 1H16 interims.
Tender before 15 Dec.|
|U mean today's RNS... Clowns... Should rename the company toB.S.D. Clowns Ltd|
|What do you guys make of the LAST RNS|
|New date now ... 15th December...|
|YET it appears that shares are still being traded in large amount, unless I miss read the latest share declarations|
|Thanks for the overview.|
|There are two groups here, the Willigers and the current Board, who are fighting for control of the company. One of the things I was told at the AGM, and it was clear from the body language and communications, that they are in dispute with each other, legal suits are flying.
You have to decide which you support - I was warned to be careful what I want, and others need to be clear as to what they want.
The current Board have been in control of the company when large sums of BSD, and now I believe WilliFoods, money has been used as collateral on loans, and the financial institutions involved take the view that the money is now gone, until the loans are paid back. That will be resolved in court, but it may mean none, some or all of the money will be returned. My expectation is for none-some to be returned. Others on this BB seem to believe that loads will be returned, mmmm.
So the Board were reluctant to allow this Tender Offer and I was surprised it appeared on the BSD website even, as it is some shareholders seemingly trying to wrestle control of BSD from the Board.
The Board did take this legal action, and may be winning, perhaps, who really knows. Maybe the tender offer will need to be changed. At worst, we just get our certificates back. I do see this as a last way out, to be honest.
But when you make comments, you need to be clear as to who you are referring to, the Board or the petitioners trying to wrestle control from the Board.
If you haven't sent in your shares, I would wait a couple of days, you have until 21st, to see if there is a response from the Willigers.
|Has the tender offer been cancelled ?|
|They are a useless bunch of tosses...|