Belgravium Share Discussion Threads

[michaelmouse] 04/7/2015 20:55

Indeed good luck to us both.

Regards
Michael.

[varies] 04/7/2015 19:09

michael
What I mean by being "heavily overweight" is that my holding in BVM is amongst my 10 largest equity holdings and represents about 5% of my investment portfolio.
So a total collapse of BVM (which I regard as most unlikely) would not be a catastrophe for me but would represent one of my larger losses.
Thank you for recommending premium bonds. They certainly have their merits but I find almost every year that my gains on the stock exchange far outweigh my losses and expect that yours do so too.
An occasional setback is inevitable and I am less sanguine about BVM than I was a few months ago; I hope that my misgivings prove misplaced.
Good luck to us both.

[michaelmouse] 04/7/2015 18:04

varies - What exactly are you nervous about? As you claim to be "heavily overweight in BVM shares" (whatever that means?) then you are clearly a long term holder. BVM is a profitable, cash generative company with a strong balance sheet and no debt, and it wasn't so long ago that Trakm8 were interested in acquiring the company. A new broom is now in charge. Coincidentally, I own shares in both Trakm8 and Avesco (Ian Martin previous CEO) which have both multi-bagged for me. In time I expect BVM to do the same.

If you're nervous by disposition then perhaps try premium bonds instead? Just a thought.

Michael.

[varies] 04/7/2015 16:30

Michael
Thanks.
I have no reason to talk this share price down, being heavily overweight in BVM shares. Given the 10% spread between Bid & Offer prices, these shares are not for trading.
The directors should certainly tell us at once of any decision reached on the acquisition and the dividend without waiting until they have the figures for the six months just ended.
I remain rather nervous.

[michaelmouse] 04/7/2015 14:53

P/e ratio less than 10, strong balance sheet and no debt.

Always happy to add to my position if we get "a difficult few weeks".

A sceptic could almost believe that you're trying to talk the price down! Heaven forbid eh!

Michael.

[michaelmouse] 04/7/2015 14:40

From the finals:-

"If the acquisition does not proceed, the Board will consider paying a dividend following the announcement of the interim results in September."

Fairly clear from the above that we won't know about the dividend until September.

Michael.

[varies] 04/7/2015 12:51

Pavey Ark
I agree with you entirely.
We are surely entitled to learn soon whether the mooted acquisition is to proceed. I suspect that it is not and fear that some other reason will be found for our receiving no dividend out of last year's profits.
If the shares were readily marketable, I would be tempted to sell some now in the expectation of being able to buy them back cheaper after an announcement explaining why the acquisition will not proceed and why, so I fear, we will not get our dividend. As it is, I am resigned to holding my shares through what may prove to be a difficult few weeks.
Hoping very much to be proved wrong !

[pavey ark] 04/7/2015 11:47

Am I the only person that thinks that it's been a rather long time between the hold being put on the dividend and any announcement on the progress of the acquisition ?

We are into H2 now and it's rather pushing it to cancel a dividend,that they have the money to pay,then say nothing else.

[rivaldo] 23/6/2015 19:00

It all seems very amicable and organised, according to this "source"....



Extract:

"​A source said: “Belgravium needs fresh ideas and energy. Ian Martin is known to a lot of people and he was very successful at media service firm Avesco. He will be good for Belgravium.

​“This was a natural exit plan for John Kembery and it made sense.”

It is understood there was no link between Mr Kembery’s share sale and his subsequent departure as he had alerted the board to his intentions. The timing is thought to have been for technical reasons.

​Mr Martin has worked in the insurance and media industries for over 30 years.

Belgravium said that while he was at Avesco, he led a transformation from a faltering company to a vibrant business, with revenues rising from £50m to £140m."

[bwilder2] 23/6/2015 09:41

The above is the best NEWS in YEARS that i have read about B VM.

[rivaldo] 23/6/2015 09:27

WH Ireland comment this morning with a 6p target price - interesting comment about "a substantial opportunity in the mobile technology space" for BVM:

"Belgravium Technologies*# (BVM) – Buy – Change of Chairman

Market Cap £5m Price 5.25p Target Price 6p (unch)

Following on from yesterday’s news that John Kembery had disposed of 7.5m shares in the company at 5.25p each, it has further been announced this morning that he is to leave the board with immediate effect. He will be replaced as chairman by the vastly experienced Ian Martin who joined as a NED in May.

Ian has a great deal of experience both in the public and private arena, arguably former chairman and CEO of Avesco plc (AVS) being the highest profile. Ian is also a current director of Chelverton Growth Trust plc.

Belgravium continues to have a substantial opportunity in the mobile technology space and, given its operational gearing, any improvement in the top line will quickly feed profitability. We remain at Buy with a 6p price target."

[varies] 23/6/2015 09:14

Arthur LS makes a good point; let us keep our fingers crossed.
A downside with any change of leadership is that assets may be written off or provisions made against existing contracts. For reasons I do not understand this standard procedure by new management usually involves a kitchen sink.
On the other hand we should be glad that Mr. Martin has acquired his shares by direct purchase and that, as far as we can tell, there are to be no golden parachutes.

[rivaldo] 23/6/2015 07:31

Excellent - the new broom is now fully in charge.

What will it do to crystallise value? Will BVM be put back on the market, or will more or larger acquisitions be on the agenda?

No doubt we'll learn more with the interim trading statement next month.

[arthur_lame_stocks] 23/6/2015 07:23

Well John Kembery has left with immediate effect, should please a few around here. I just hope it's not because there are any nasties in the closet.

[hastings] 22/6/2015 13:00

Thoughts that may be of interest.

[pavey ark] 22/6/2015 11:13

This explains the very large trades going through last week but I agree the shares must have been taken up or spoken for as the price didn't fall.

The really good news for me is that Kembery looks like he's heading off into the sunset.

[varies] 22/6/2015 09:59

rivaldo
Thank you for giving us your views on these transactions.
Many contributors here have expressed a desire to see Mr. Kembery give up the reins and will be glad to see his sale. It was suggested at the time of the Trak8m approach that he was holding out for 10p a share.
Avesco, where our new non-exec director was CEO, seems to be in a very different business and its shares this year have been very rewarding; I wish I had some.
It does indeed seem likely that through Chelverton he will soon play an active role at BVM.
It is certaily re-assuring to see him buy 3 million of Mr Kembery's shares and, like you, I look forward to hearing where the other 4.5m have gone.

Still no news about the important acquisition.

[rivaldo] 22/6/2015 09:37

Well, well....

The new non-exec, Ian Martin, has bought over 3m shares - and remember that he's a director of Chelverton, who also own a large chunk of BVM.

Meanwhile JK has sold 7.5m shares. I have him down as 76 years old now, so it's hardly surprising as a final payday.

Perhaps we'll get another RNS disclosing who's bought the other 4.45m shares, since that's over 4% of the company.

Encouraging stuff imo. Perhaps things are about to happen at BVM, spurred on by the new broom.

[pavey ark] 19/6/2015 21:39

Obviously I've missed something here but what is going on with these large trades ?
I'm assuming I've missed something as I would expect these trades to move the price.

[rivaldo] 17/6/2015 10:58

NovoIVC news - nice to read that Novo are used by over 40 airlines worldwide:



"Novo IVC to conduct comprehensive research study of in-flight technology to identify future retail trends

Leamington Spa, UK – 11th June, 2015: Novo IVC, a Belgravium Technologies PLC company and specialist provider of on-board retail systems to the travel retail industry, has announced it will be undertaking detailed research to help the airline industry understand how new and emerging on-board retail trends are being adopted.

The study, which will include quantitative surveys and qualitative research, will help airlines and concessionaries spot the opportunities for competitive advantage by uncovering the technologies that will become most prolific.

The study will also investigate the rate of adoption of new technology, including sales and payment innovation, and the business models that will underpin it.

“Novo IVC solutions are used daily by over 40 airlines worldwide including British Airways, Virgin Atlantic and Monarch. They are all striving to offer unique customer service from options for payment through to pre-ordering duty free,” said Mark Hardy (CEO). “Technology will be a central part of the propositions they develop, and studies like this not only give the industry insight into the technology trends that will matter, but also help to shape the industry’s future as a leader in customer service globally."

etc"

[rivaldo] 15/6/2015 13:10

Interesting - 292,000 shares just bought at 5.5p.

[rivaldo] 11/6/2015 07:35

Worth remembering that the m/cap now is only £4.5m, against which BVM have around £1.4m of effectively free cash/w.cap to spend on more acquisitions etc.

BVM have £0.73m cash, £2.83m trade receivables, less £2.14m payables (total payables less deferred income), less tiny borrowings.

News dated yesterday:



"SAA Voyager partners ‘miles’ with Tourvest

The project in question was to add additional functionality to the core Novo 'SkyPOS' software to enable Tourvest to provide South African Airways with the facility for their passengers to earn loyalty points through a purchase on board. Novo development personnel completed the development with their usual expediency and professionalism and the system went live by it's target date of 8th June. A detailed press release describing the Tourvest - South African airways initiative is reproduced below.

SAA Voyager partners ‘miles’ with Tourvest

South African Airways’ loyalty progamme SAA Voyager and leading inflight duty free and travel retail concessionaire Tourvest have formed a new partnership whereby Voyager members can earn Miles by shopping for duty free products.

According to the two new partners, these Miles can be earned onboard all South African Airways­‐operated International and regional flights exceeding two hours flying time, or through the online duty free shopping facility of FlySAA Duty Free (www.flysaadutyfree.co.za). At the same time, the Miles earning structure of this offering is said to be linked to a member’s tier status.

SAA executive for Customer Loyalty, Suretha Cruse said: “By partnering with Tourvest, we are now able to offer our members an added opportunity to earn Voyager Miles, whilst travelling on SAA-­operated flights.

etc"

[harrison15] 05/6/2015 11:37

I think you are wrong regarding Investec.... This was to do with 2.4m of their holding, that they say they cannot vote on behalf of the owners. I may be wrong though.

[rivaldo] 03/6/2015 14:12

WH Ireland have at present retained their forecasts of 0.7p EPS and a 0.15p dividend for this year.

If profits recover by the end of H1, as it's "expected" they will, then perhaps the H1 results may be over-discounted in the current share price.

Whatever, with the new £1.2m Certas order, and possibly more to come from Certas and others, I'm hopeful that this year will see a decent outturn.

At the current m/cap the potential, along with the strong Balance Sheet, makes this a strong Hold at the least imo.