B.s.d Crown Share Discussion Threads

[waterloo01] 17/2/2016 19:50

Who says that's the bottom?

SEC raided the offices of Willi Food, Emblaze and BGI
The Authority is trying to trace the fate of deposits worth tens of millions of dollars deposited by companies controlled by Gregory Grtoboi banks in Azerbaijan and Austria. Gortoboi acquired the companies in July 2015 by Alexander Granovsky
Golan Chasani
17/02/16, 14:42

oboi acquired in July 2015 all public companies of Granovsky - when for the transaction were not disclosed. Apparently Authority examines the links between Gortoboi previous controlling shareholder Alexander Granovsky, and various investment transactions made in the company.
How about the stock BGI:
Strong Buy Shopping WAIT sale Strong Sell
To share BGI
Although the exchange of ownership, there were those who argued that Granovsky remains a true control group, claims denied by Gortoboi news conference in Israel.
The Authority is trying to trace the fate of deposits worth tens of millions of dollars deposited by member banks in Azerbaijan and Austria. This is the amount of deposits from 46 million dollars, deposited BSD Crown (formerly Emblaze), the parent company of Willi Food, traded in London.
Deposit more is the sum of 11 million dollars, deposited BGI Bank Austria and was enslaved to the bondholders, but they have not been able to withdraw the money. Another deposit is $ 5 million deposited by Willi Food International (a subsidiary of Willi Food Investments) Bank Azerbaijan, released eventually.

At the same time, companies are threatening to inquiries from creditors Court - alleging that they were in bizarre moves as ending Hhtksort brothers Williger no guarantee of competition.
Granovsky went into business in Israel in 2007. He built a pyramid using BGI, through which purchased 25% of Emblaze, while 20% bought privately. In March 2014, Granovsky bought control of food by the brothers Willie and Joseph Zvi Williger using Emblaze for approximately 268 million.
Gortoboi owns a consulting firm in Ukraine named GHP GROUP UKRANE and previously served as chairman and CEO of Renaissance Capital Ukraine Foundation. Gortboi owns an apartment in north Tel Aviv and its acquisitions of Granovsky was his first investment in the country

The Red Mile | Comment article | Print article
Securities Authority investigators raided today (Wednesday) at Willi Food Emblaze and the holding company BGI . These are companies currently controlled by Gregory Gortoboi, having purchased them from Alexander Granovsky. Willi Food was founded by brothers Williger.
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[moneyman18] 17/2/2016 19:02

Its going up That's for sure, I have hardly any of these now; just can't believe I sold at bottom

OH WELL

[choccywoccy] 17/2/2016 14:56

Hi MoneyMan, no market maker is going to buy 12 million shares and hold them in a stock with this liquidity. Market makers hold as little as they possibly can and try to minimise their book in any name, let alone something like this. Somebody has bought these shares. They almost certainly should have declared a notifiable stake. Presumably they are hoping that the BGI EGM which is due this week will crystalise some kind of liquidation event. But who knows with this one.

[moneyman18] 17/2/2016 10:55

Must say if I was a MM and had picked up 12 or 18 MILLION shares worth 140p on Paper EACH, I would not want to sell them for less that DOUBLE their paper value

[moneyman18] 15/2/2016 21:57

Or the MM's have 12 MILLION Shares that on paper are worth 140p

WHO KNOWS

[moneyman18] 15/2/2016 21:45

The people in the know have LONG OPTIONS ?

[cheeky13] 15/2/2016 17:24

Any ideas why this is going up.

[waterloo01] 11/2/2016 18:00

Cjohn, what over 18% of the company has been divided up in one sale? Not likely. Who is the NOMAD here. I'll ask if someone unless someone else can be bothered?

Edit: of course. They aren't on AIM any more so probably no NOMAD and no need to have any NEDS.

[moneyman18] 11/2/2016 15:27

4,999,999 shares no need too notify

[cjohn] 11/2/2016 12:42

Yeah, good point re the buys, Waterloo. I wonder if there have been several buyers, so the buys aren't notifiable.

[choccywoccy] 08/2/2016 17:14

Any shareholder holding more than 5% has to report, in theory.

[moneyman18] 08/2/2016 12:06

Remember this is a company that is outside the UK, I think the rules are different they are NOT required to report anything

[waterloo01] 08/2/2016 12:01

Cjohn, not sure how it's still trading. Must have fallen foul of at least 2/3 AIM rules. Re the sales (and 4m since) given the numbers must be notifiable as to who bought them, but nothing.

[cjohn] 08/2/2016 11:57

Hi Waterloo,

OK, I see what you're saying re no NEDS.

But there was an RNS re Schroders sale on the 13th Jan.

[moneyman18] 04/2/2016 17:02

A week ago some would sell 350 shares and the price would drop between 10 and 20 percent;

now we have over 7 MILLION SELLS and the share price goes UP

maybe some one has a huge long option on the SP, and those shares are security and thus the share price rises

[moneyman18] 04/2/2016 13:42

I guess that's part of the 12 MILLION that was looking for best average price

[my retirement fund] 04/2/2016 12:18

The theme tune of Only Fools and Horses springs to mind.

[waterloo01] 04/2/2016 12:07

4m trades. Where do they all come from?

[waterloo01] 03/2/2016 15:49

It's not so clear what liabilities sit on the books, especially with all the shenanigans re BGI/Isreal 18 +++ and IF the cash isn't recoverable it's just the Willi foods stake, so be careful

[choccywoccy] 03/2/2016 15:23

Something finally seems to be going on in Israel. There is a BGI EGM due on Feb 20th. The controlling shareholdings are being held by a trustee because of a breach of one of the creditor agreements so there's got to be a decent chance of liquidation if that happens. There's always been plenty of value here, looks like it might be coming together.

[moneyman18] 01/2/2016 12:52

Remember there is 12 MILLION shares which will get their value determined on the last average 4 week price, since they were distributed,

Someone looking for a better average price ?

OR we called BOTTOM when we all closed out

[waterloo01] 01/2/2016 12:17

cjohn, I would have thought the risk high myself. Uncertainty about the cash, no NEDS, no RNS re Shroders stake et al.

From the reading above, it would seem the cash may have been placed there by the previous Ukrainian. I just don't know who owns what any more. BGI? Bondholders?

The share price seems to suggest I'm wrong.....

[cjohn] 01/2/2016 12:08

Yeah, there has to be a small risk of suspension. But surely this would only be in the case that BSD had been complicit in fraud, which looks much more unlikely than not.

After all, BSD themselves are not in danger of insolvency.

[waterloo01] 01/2/2016 11:59

Cjohn should be and the accumulated loses, but can't help think it will get suspended yet again (overdue?)and meantime it gets stripped by anyone who can.