We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Basepoint | BNT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 14.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 14.75 | 14.75 |
| Top Posts |
|---|
Posted at 05/5/2004 08:10 by spider1 Recent Tip Details - TRENDWATCHOne of several small AIM-listed companies currently in the TrendWatch portfolio that has quietly performed very nicely is Bizspace, up 64% in just over a year. Now my analysis has identified a similar company, Basepoint, which should give you a repeat performance. Company Activities Basepoint floated on AIM in June 2000 at 123p. It's a fast-growing provider of managed facilities for growing businesses. It runs what it snappily calls "managed business, innovation and enterprise centres", 10 to date, with another 3 being developed. It plans to open two or three new sites a year. All of its current sites except Swindon are in the south of England. The units are rented out on 2-week licences and offer a full range of services included in the rent, including meeting rooms, lounges, CCTV, on-site management, 24/7 access and state-of-the art broadband telecoms. Developing new centres is expensive for a small company. Basepoint has hit upon a strategy to overcome this problem. It has decided that it doesn't necessarily need to fully own its centres. Its expertise is in building and operating them. Accordingly, it seeks to form partnerships with other organisations who are willing to buy the land. For example, it recently formed a partnership with the Trustees of the Kodak Pension Fund, under which the Fund will have 75% ownership of the land and buildings. The Fund will pay a fee to Basepoint to manage the centres. The Market Indeed, the company is also prepared to develop and manage centres for other organisations such as local authorities or government agencies for a fee. According to government figures, there are now close to 4 million businesses in the UK. 99% of these are sole traders or employ fewer than 50 people. These companies provide an astonishing 44% of all the jobs in the UK. This is a clear indication of the scale of Basepoint's potential market. Given that fact, the really surprising thing about Basepoint is that its shares should be trading at a discount to net asset value (Bizspace is afflicted by the same curse). You'd expect this of a pure property company, but Basepoint is certainly not one of those, especially since it is distancing itself from full ownership of its sites. Valuation At the end of its last business year, which ended in February, expect NAV to be over 180p a share (you'll be able to confirm that on May 20, when its full-year results are due). You can see from the price chart that only today have the shares reached that value. It isn't because of poor profits either. Profits have grown without interruption from 0.27 million pounds in 2000 to 0.88 million pounds in 2003, with 1.5 million pounds forecast for its next set of results to be announced next month. The forward PE of 13.5 is very low for its sector, despite delivering double-digit earnings growth. Furthermore, the company has a progressive dividend policy and has pushed up the dividend every year since it floated. For all of these reasons, the shares should push ahead steadily, helped by the restricted supply - institutions or directors hold about 60% of them. Basepoint is only about a third of the size of Bizspace in terms of the number of centres it has open; but if it performs anything like as well as Bizspace has, you'll be well satisfied. Buy. Key Data EPIC: BNT NMS: 500 Spread: 178p - 185p Market Cap: 20.3 million pounds TrendWatch is unique. It is the only publication that gives you complete listings of shares in uptrends and downtrends - vital information for investors and traders alike. Based on this, we make three fully researched share recommendations per fortnight. We have never failed to outperform the market by a substantial margin. Our current portfolio is up 57%. Our most successful recent picks include Peter Hambro Mining +410%, Patsystems +291% Telecom Plus +283% and Savills +191%. For more details click here |
Posted at 24/5/2003 18:24 by cockneyrebel I never had trouble buying. I'd stick to 2.5K to 5K myself but they look a nice little diversification.Just replied to you on iii actually. Investors Chronicle tipped these in November. I guess we'll se a nice update this Friday with a bit of luck. PS - they were my city friends until the last three years got here D - now they are my city frieds! D |
Posted at 23/5/2003 10:38 by cockneyrebel Looks like the market sleeps - don't think them releasing results mid day yeserday helps.Might have to wait for the magazine tips like the IC to wake investors up. CR |
Posted at 22/5/2003 21:41 by cockneyrebel I think they are deserving of 150p as you say Simon. Perhaps with the investment climate getting better then these will re-rate somewhat, seens the investing weariness has stiffled the appreciation of many tidy investments of late. I'd have thought short term (7 weeks) we'll see 120p+, probably come the AGM mid July. They were up at 115p a year ago - don't half get their clogs on when they get going too I seem to remember.Nicely underpinned at this level tho - don't see these staying below a £1 or falling back below it once they breach that level. I'd expect the likes of Investors Chronicle to tip these next week and alert a lot more less aware investors - really chuffed at catching them this afternoon, should have grabbed more :-( CR |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
