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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| BB Hldgs | BBHL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 130.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 130.00 | 130.00 |
| Top Posts |
|---|
Posted at 08/4/2009 16:25 by skanjete2 It doesn't make sense.Why would lord Ashcroft be buying BBHL if instead he could have been buying CKL? On the face of it, the deal isn't fair. But : - Lord Ashcroft would be screwing himself if he agreed to the deal if one takes into account his warrants and options. - why would the other directors agree with the deal then? Gaze would seem to be a little better off, but Johnson & Osborne would lose a lot since they have a much greater interest in BBHL than in CKL - Hammond, Cheryl Jones & especially John Searle have a major interest in BBHL, but no apparent interest in CKL. So they would be diluting themselves with agreeing the deal. - Lyndon Giuseppi (CEO) has been awarded 2.000.000 options at 6,5US$/sh. I don't think they wanted him to look ridiculous, so I suppose they considered the shares worth something like 6,5US$/sh (and keeping their worth). These options would be a lot less worth if the deal really is that diluting. So why would Giuseppi agree with the deal? - All major shareholders and directors have a major interest in shares, warrants or options convertible at 6,5US$. Since the conversion price didn't change, it seems unlikely to me that they would agree with such a major dilution, since they would lower the value of their options and warrants. There are about 18,8m warrants and 7m options. So this is a possible dilution of 25,8m shares, or 43,8% in relation to the original number of shares. If one considers the worth of a share higher than 6,5US$/sh, the total number of shares to be taken into account would be m84,6 instead of 58,8m. The new dilution is a lot less in this situation of course. The math doesn't prove that the deal is completely fair, but the interests of all parties involved suggest the deal to be fair. I agree although that the deal and the other actions of the past few months seem to be structured in such a way that they seem as unattractive as possible to minority shareholders. |
Posted at 06/4/2009 10:15 by skanjete2 After some second thoughts : another possibility would be of course that they can find some very value enhancing opportunities for the acquired cash - on short order. In the rationale for the acquisition they also allude to the possibility of new investements and/or acquisitions. Maybe something in Trinidad & Tobago? Their new independent director - dr. Euric Bobb seems to be some kind of expert of T&T, and as an independent director, he seems to be supportive of the deal. The independent directors, as well as Philip Johnson (=CEO CKL & BBHL) f.e. don't seem to be really major beneficiaries from the merger. They all have a greater interest in BBHL than in CKL. So this would be a possibility. But then I wonder why they wouldn't announce everything (merger+new investment) at once. |
Posted at 06/1/2009 08:54 by nickcduk Agreed that Ashcroft is here to make money but he has a history of delivering value for all shareholders. He could have taken OSS private when no one was interested in the company. Instead he left it on the markets and then delivered a 600%+ premium for shareholders. Tidying up the shareholder base will save BBHL money so the 2 are linked. |
Posted at 05/1/2009 13:52 by nickcduk Not sure its a pre-cursor to a bid. Its just tidying up the shareholder base from pre Carlisle days. Can be a pain having to service shareholders with small holdings. Dollar strength is providing a windfall for BBHL at present. Hopefully they will re-repatriate some of the funds in the near future. |
Posted at 11/11/2008 13:50 by nickcduk In the meantime its nice having a dollar denominated balance sheet and earnings. I don't think Ashcroft will look to take over BBHL. More likely he will look to sell it on as he did with one source last year. I think the time frame for it is a while off though due to banking problems globally. Could even end up being the hunter due to solid balance sheet. |
Posted at 14/8/2008 15:53 by woracle On 2nd thoughts..probably been tipped somewhere. Rather a lot of trades for BBHL ! |
Posted at 26/1/2008 21:16 by nickcduk Asset hasn't been revalued. Numar didn't pay a dividend equal to its profits. That balance that wasn't distributed to BBHL has therefore been accrued under investment in associate. Results were impressive as expected. On course for over $1 of earnings for the year. Shares on a p/e of less than 5. Not many better investments in the market even now. |
Posted at 15/1/2008 12:25 by nickcduk I think that multiple may be a little optimistic but agree its worth a substantial amount of the current BBHL share price. They haven't really been paying much in the way of dividends to BBHL over the last few years. That suggests they have been investing heavily in increasing production. The benefits of which will become apparent over the coming few quarters. The balance of the Numar holding is held by the founding family I believe. They could eventually decide to cash in their chips. If they do London would be the ideal place to list. It will bring about a little more interest in BBHL as well. That can do no harm to the share price although I notice a few buys have been going through over the last few days. Looking forward to it continuing. |
Posted at 13/1/2008 19:19 by nickcduk Very bullish on BBHL. Numar is going to be reporting some pretty stunning results as a result of high CPO price and increased production coming on stream. Core banking side was doing equally as well. Cable weakness will do no harm as all assets are held in dollars. Hoping for a stunning exit like Ashcroft achieved when he sold One Source Services this year. Shareholders got a 600%+ premium to the share price before it was announced. Not being that greedy but I think £5 or £6 isn't unreasonable over the next couple of years. |
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