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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| BB Hldgs | LSE:BBHL | London | Ordinary Share | BZP1622X1556 | ORD NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 130.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 130.00 | GBX |
Bb Holdings (BBHL) Share Charts1 Year Bb Holdings Chart |
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1 Month Bb Holdings Chart |
Intraday Bb Holdings Chart |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 27/5/2009 10:56 by skanjete2 Dr. Euric Bobb receives 250.000 options with exercice price of 6,5US$/sh.Unless they want him to look ridiculous, they think the shares have to be worth something like 6,5US$, or at least have the potential to surpass it. |
Posted at 20/5/2009 16:17 by skanjete2 Given the circumstances of last year, the results are brilliant, certainly in view of the current share price. At these prices, you're paying for Numar and the rest is for free.These results are not to be compared to results from western banks, only maybe to results from other banks in the Caribbean as Bank of Butterfield (Bermuda). For the rest I think I can keep my estimations from may 7 : "Using their ROE ratio's to estimate possible earnings brings us more or less the same result. They've got approximately an ROE of 24%. The return on total assets for their banking operations is one of the highest I ever encountered : more than 4%! This could put the equity value per 31/3 at approx. 350m US$ on profit of approx. 62mUS$ for 2008 Add the 50m US$ from the merger, and they're working with an equity value of 400m US$. ROE 24% means a profit of 96m us$. So this means a profit per share of approx. 100c/sh, or 66p non diluted. The warrants & options included would bring us to 83c/sh or 55p/sh. Since circumstances are very favourable for banking at the moment, this could well be a conservative estimation." |
Posted at 20/5/2009 15:38 by woracle 106c is 62p on average xrates. Historical PE of 1.9 and NAV of 250p/share if you include recent merger. Less than half book value. Bad loans .. par for the course for any bank but 16.7M for 2009 is about 25% of profits, 5.5M written off this Q4. Hardly BofA or RBS levels but something to watch. |
Posted at 07/5/2009 16:16 by skanjete2 Woracle, Using their ROE ratio's to estimate possible earnings brings us more or less the same result. They've got approximately an ROE of 24%. The return on total assets for their banking operations is one of the highest I ever encountered : more than 4%! This could put the equity value per 31/3 at approx. 350m US$ on profit of approx. 62mUS$ for 2008 Add the 50m US$ from the merger, and they're working with an equity value of 400m US$. ROE 24% means a profit of 96m us$. So this means a profit per share of approx. 100c/sh, or 66p non diluted. The warrants & options included would bring us to 83c/sh or 55p/sh. Since circumstances are very favourable for banking at the moment, this could well be a conservative estimation. |
Posted at 07/5/2009 07:40 by skanjete2 Woracle, What do you mean by 'cash in his chips'? Selling? Isn't there a possibility that Ashcroft wants to stay and f.e. take BB Holdings private? I hope he doesn't and honestly I don't think he will because that would make the recent second listing in Bermuda nonsense. Considering the earnings per share, I think we better take into account the 18,8 million warrants and 7m options. Officially they are not dilutive since the market price is lower than 6,5US$/sh, but considering the true value of the company, I consider them to be dilutive. Go try and buy 18,8+7 = 25,7 million shares for a price less than 6,5US$. It won't that easy I think. |
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 08:47 by tiredandweary You are mistaken methinksAshcroft has never been interested in being tidy only making money with dollar earnings and a low share price we shall see watch this space |
Posted at 10/11/2008 08:34 by tiredandweary Ashcroft keeps buying shares in big quantitiesI wouldn't be surprised if he makes an offer to take it private give it's low rating and high profits he'd have to offer a premium to current share price though |
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. |
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