ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

BCA Bca Marketplace Plc

236.20
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Bca Marketplace Investors - BCA

Bca Marketplace Investors - BCA

Share Name Share Symbol Market Stock Type
Bca Marketplace Plc BCA London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 236.20 01:00:00
Open Price Low Price High Price Close Price Previous Close
236.20
more quote information »

Top Investor Posts

Top Posts
Posted at 16/4/2019 12:53 by martywidget
From website:

"The next planned announcement for Preliminary Results is 26/06/2019.*

* Although we will always endeavour to adhere to the dates above, all future events are provisional and subject to change".




{I see they had Trading Update last year on 11 April 2018}

Previous RNS announcements:
Posted at 14/7/2018 07:07 by 189189188
BCA Marketplace PLC
Statement re Withdrawal of Apax
RNS Number : 7894T
BCA Marketplace PLC
06 July 2018

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.



THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION



FOR IMMEDIATE RELEASE



6 July 2018



BCA Marketplace plc

Statement re Withdrawal of Apax



The Board of BCA Marketplace plc ("BCA" or the "Company") notes the announcement by Apax Partners LLP ("Apax") that neither Apax nor any funds advised by Apax intend to make an offer for BCA.



The Board of BCA received two preliminary and conditional indicative proposals from Apax relating to a possible cash offer for the entire share capital of BCA (the "Proposals"). After careful consideration, the Board of BCA concluded that the Proposals undervalued the Company and its attractive prospects. Accordingly, the Board of BCA unanimously rejected the Proposals.



The Board of BCA continues to believe in the attractive long term prospects for the Company, and on 28 June 2018, BCA published its preliminary results for the twelve months ended 1 April 2018, delivering a third consecutive year of strong earnings growth. In the statement, Avril Palmer-Baunack, Executive Chairman said:



"The Group has delivered record commercial and financial results for the third successive year. We saw increased volumes across all divisions, with UK Vehicle Remarketing achieving the landmark of selling over one million vehicles in the year. Adjusted EBITDA increased by 17.6% to £159.5m while adjusted diluted earnings per share has increased to 11.4p, up 25.3% (compared to 9.1p in 2017). Operating profit has increased by £13.3m to £87.6m, an increase of 17.9%, reflecting the growth in adjusted EBITDA offset by non-recurring restructuring costs relating to simplification of management structures.



The strong Group performance reflects our unique position within the Automotive solutions sector. BCA has the infrastructure, the range of digital and physical capabilities, a history of good service and innovation and we are now providing solutions at scale. These capabilities, especially the services within the more recently acquired businesses, have continued to be integrated in order to provide comprehensive customer solutions and the efficiencies that have supported the Group's growth, cash generation and dividend policy.



The new financial year has started well, with performance since the year end in line with our expectations. Across all of our markets there remains significant addressable volume to capture, where our business and consumer solutions can bring efficiency and value to new customers during the time a vehicle changes ownership. We are excited by and committed to the opportunities ahead for BCA."



This announcement is being made by BCA without the agreement or approval of Apax.



Enquiries



Goldman Sachs International

Anthony Gutman / Jose Barreto

Chris Emmerson / Bertie Whitehead



+44 (0) 20 7774 1000





Buchanan Communications

David Rydell



+44 (0) 20 7466 5066





Square1 Consulting

David Bick



+44 (0) 20 7929 5599





Further information



This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise.



The distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction.



Goldman Sachs International, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the UK, is acting exclusively for BCA and no one else in connection with the Proposal and any other matter referred to in this announcement and will not be responsible to anyone other than BCA for providing the protections afforded to clients of Goldman Sachs International, or for providing advice in relation to the possible offer or any other matters referred to in this announcement.



The person responsible for arranging the release of this announcement on behalf of BCA is Martin Letza.



Publication on a website



In accordance with Rule 26.1 of the Code, a copy of this announcement will be published on BCA's website (hxxp://www.bcamarketplaceplc.com/investors) by no later than 12 noon on 12 June 2018. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.
Posted at 10/7/2017 20:13 by whistleblower31
There has been a cluster of director dealing on this one. It's definitely a buy, rising turnover, good cashflow generation and high ROCE.

PCP financing for the purchase of vehicles is running into headwinds, possibly the next PPI. This would play into the hands of BCA.

If diesel cars are phased out then the second hand marketplace for petrol cars could become incredibly vibrant.
Posted at 08/1/2017 12:05 by gleach23
Bid speculation hovering over Northgate with Redde and BCA potential suitors -
Posted at 01/12/2016 13:40 by ih_533224
Strange that Mascronicguy doesn't put the Market Capitalisation into the headers. This value that the market prescribes is the single most important reference point to derive any comparable metric from. The number of shares alone are meaningless without price. You can have a million shares in a company but it does not mean you are a millionare. They are most probably worthless. Its kind of like having a little sack of coins but not knowing what coins they are.
If one has a 14.61% holding in this company, how much is that worth?
If the net debt is £255mn what is the EV?
how much of the MktCap relates to WBAC
etc.
Another insight is this Mascronicguy bans posters who differ in opinions to his own. He does this by creating many of the threads for the companies so that he has ownership of the thread. Traits of a bigoted uninformed investor.
Posted at 14/10/2016 14:53 by from8to800
Update from Numis:"BCA Marketplace PLC (LON:BCA) was upgraded by stock analysts at Numis Securities Ltd to a "buy" rating in a note issued to investors on Friday. The firm presently has a GBX 220 ($2.72) target price on the stock, up from their prior target price of GBX 210 ($2.60). Numis Securities Ltd's target price would suggest a potential upside of 25.00% from the company's current price.Other analysts have also issued reports about the company. N+1 Singer boosted their price objective on BCA Marketplace PLC from GBX 198 ($2.45) to GBX 220 ($2.72) and gave the company a "buy" rating in a report on Friday, September 30th. JPMorgan Chase & Co. reissued an "overweight" rating and issued a GBX 200 ($2.48) price objective on shares of BCA Marketplace PLC in a report on Wednesday, July 20th.BCA Marketplace PLC (LON:BCA) opened at 178.00 on Friday. The stock's market capitalization is GBX 1.39 billion. The stock's 50 day moving average price is GBX 189.73 and its 200-day moving average price is GBX 178.48. BCA Marketplace PLC has a 52 week low of GBX 154.00 and a 52 week high of GBX 205.00.In other news, insider Lis,David acquired 25,000 shares of the stock in a transaction that occurred on Tuesday, July 19th. The stock was purchased at an average cost of GBX 171 ($2.12) per share, with a total value of £42,750 ($52,908.42). Also, insider Palmer-Baunack,Avril acquired 11,028 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was purchased at an average cost of GBX 181 ($2.24) per share, with a total value of £19,960.68 ($24,703.81)."
Posted at 11/7/2016 15:27 by davebowler
Liberum on MVI -a back door to BCA at a big discount;
Liberum
Marwyn Value Investors* - Initiation
Undervalued high-performer
BUY
Target price 185p | Publication price 149p | *Corporate Client of Liberum

Marwyn Value Investors’ unique strategy has delivered 199% NAV return since 2006. Marwyn partners with proven management teams to implement a private equity investment strategy in listed sector-specific platforms pursuing buy-and-build strategies. The shares currently trade on a wide 30% discount to NAV (5.6% dividend yield) with potential catalysts including capital deployment and further upside from the existing portfolio. Buy.

Leading performer

NAV TR of 199% since 2006 (vs. 67% All Share return) driven by 2.6x realisation multiple. Marwyn ranks second amongst its PE/small-cap peer group over the time period.

Returning capital

The fund is committed to returning capital with 50% of net realisation gains returned to shareholders. Quarterly dividends currently equate to a 5.6% dividend yield.

Unique strategy

The fund backs leading management teams to create value through buy-and-build strategies. Marwyn has constructive influence over strategy and is often the largest investor.

Valuation

Marwyn now trades on a 30% discount to NAV. The price implies a 47% discount on Zegona and BCA positions (ex-cash and assuming 50% discount on remaining assets).
Posted at 17/5/2016 13:17 by thomasthetank1
Read Zeus Capital's note on BCA MARKETPLACE PLC (BCA), out this morning, by visiting hxxps://www.research-tree.com/company/GB00BP0S1D85

"We note the recent underperformance of the shares of late, and believe the current price to be an attractive entry point for investors. There has been a lack of news flow since the H1 results in November, but we believe the market dynamics remain positive for it to execute its strategy. Ahead of FY results expected to be announced on 28th June, we believe the market dynamics remain positive for BCA. We would expect to hear an update on strategy and how the Group is expected to work more closely with vendors, which we believe represents a major upside opportunity. It would also be interesting to hear about efficiency gains in its logistics business following the much needed increase in capacity following the Stobart acquisition...."
Posted at 17/9/2015 17:01 by nibble
Extract from thisismoney.co.uk market report 16/9

"Entertainment One advanced 16.6p or 6.17 per cent to 285.7p after Marwyn Value Investors sold it’s remaining 53million shares, or 18 per cent, in the company at 269p a pop.......
.......The lion’s shares of the disposal proceeds will be ploughed into MVI’s existing investments. They include BCA MARKETPLACE, 0.75p up at 177.5p."
Posted at 10/4/2015 16:40 by hedgehog 100
From "The Investors Chronicle", 2 April 2015:

"BCA Reverses into Haversham

ALEX NEWMAN

Haversham Holdings (HAV) has completed its £1.2bn reverse takeover of British Car Auctions, the owner of webuyanycar.com. Haversham, which was formed by specialist investment house Marwyn and former Autologic chief executive Avril Palmer-Baunack last year, will change its name to BCA Marketplace and re-list on the main market.

The acquisition will be funded by a £1bn share issue, £294m of which will be used to tackle the enormous debt pile BCA accrued under private equity ownership.

The fact that Haversham has secured the support of some serious institutional investors suggests the investment case - the base estimate for growth in the vehicle-buying market is 12 per cent per year - has been well received. The shares will list at 150p, and demand for exposure could be keen."


Please also note the following thread which may be of interest:

"THE REVERSE TAKEOVERS & SHELLS THREAD (RTO)"

Your Recent History

Delayed Upgrade Clock