Belgravium Share Discussion Threads

[napoleon 14th] 30/3/2016 13:13

So, results April 7th...........

[spooky] 19/3/2016 21:01

Could they be about to be taken over?

[retiringtype] 19/3/2016 20:14

Indeed. When your executive chairman is appointed MD of another company then it is hard to see how that will work.

[pugugly] 19/3/2016 19:46

RT: Excellent find but reading between the lines

"Ian Martin has been appointed managing director of Marketform, reporting to Reith. His focus will be on improving the overall business and driving operational efficiencies. Martin was previously chairman of the Task Force. He is currently chairman of Belgravium Technologies, an alternative investment market (AIM)-listed mobile computer solutions and data collection company. Prior to this role, he was CEO of Avesco Group and a senior independent non-executive director at Ascot Underwriting and chairman of the Risk Committee."

the message I get is that he will have less time for, if any at all, for BVM. What odds that his resignation is announced with the accounts ?

[cocker] 19/3/2016 19:19

April the 1st would be appropriate.

[spooky] 18/3/2016 10:26

April 5th ish.

[norbert colon] 18/3/2016 10:03

I understand from the company that results will be early April.

[spooky] 10/3/2016 11:28

Has anyone seen a date for the results?

[hastings] 09/3/2016 10:07

I think we all know that the results are going to be pretty grim, a real kitchen sink job I suspect.Far more concerned with the forward picture and positives emerging from the new broom.

[cocker] 09/3/2016 07:33

A good find RT. Interesting indeed & generally not the sort of news that I welcome, perhaps others can post their take on it. More importantly where are the results?

[retiringtype] 08/3/2016 23:40

Chairman Ian Martin has a new job as MD of Marketform

[pavey ark] 01/3/2016 09:15

(I think you'll find the "prodigal son" left and returned.
Did this guy work for BVM before ?)

Ian Martin said that he expected the company to trade profitably over the year (it always does!!)but exceptional restructuring costs would bring it to a loss for the year.

The standout point is that he is aiming for £500k off the running expenses and if that, or anything close,can be achieved then we are good to go.

Not long to go for the results and an idea as to whither he can achieve his aims.

[cocker] 29/2/2016 21:47

Well I guess the lack of any concrete news over several months leaves me fearing the worse. I do actually hope that the new guy does become the prodigal son & that bvm holders are rewarded. Change was needed & at the very least a positive forward statement will be well received.

[pavey ark] 27/2/2016 09:30

Results should be out this week and could be rather interesting.
The new guy has "gone deep" as the submarine people would say but if I were him I would want the forum of the full year results to explain what I was doing and where the company is going.
This BB is rather quite but certainly more rational than most on ADVFN so I suspect most here would be looking at the following:

1 Obviously overall performance less the costs of the rationalisation programme.
2 Cost of above and current and projected savings.
3 Forward prospects, order book etc

If Ian Martin can produce his projected savings of £500k/ year and doesn't throw the baby out with the bathwater then we are certainly off to the races.

[napoleon 14th] 01/2/2016 18:29

Anyone who knows BVM well enough will be glad if, AT LAST, there's some jam today. There's been time enough to grow the trees, let alone pick the fruit & process it!

The change at the top might do it this time, so I'll hold a while longer.

[arthur_lame_stocks] 29/1/2016 20:24

Bit of news from the company. Not much else going on here at the moment.

hxxp://www.belgravium-technologies.com/news.aspx?yr=2016

[leoboy] 22/1/2016 17:56

TouchStar Technologies Rebrands for Future Growth :

[pavey ark] 19/1/2016 09:06

Trading update last year was early due to acquisition announcement but in the two previous years the trading update was on the 31st of January and the 29th of January.

[cocker] 19/1/2016 08:06

No TU from the company. This does not bode well for investors

[rivaldo] 24/11/2015 14:30

Nicely put PA. As you say, the numbers for this year are already known about, so - apart from any automatic markdowns from MMs on the day - hopefully these are the lows.

News - I've copied the whole lot as it sounds very impressive to me:



"Leading distributor of fuels and lubricants Certas optimises its delivery operations

Certas Optimises Logistics Processes

Leading distributor of fuels and lubricants Certas optimises its delivery operations working closely with Manchester-based TouchStar Technologies

16th November 2015:

TouchStar Technologies, leaders in the provision of mobile computing solutions for the fuel sector, has been working with Certas Energy, one of the largest distributors of fuels and lubricants in Britain to optimise its fuel delivery process. The ongoing project is expected to result in impressive cost efficiencies by automating job allocation and delivery verification.

Certas Energy supplies domestic, commercial, agricultural and industrial customers throughout Britain. Over the last 10 years, the company has grown organically and rapidly through acquisition, including that of Total Butler in 2012. As such, its network of depots has also grown and the company found that it had multiple sites serving each region, and that it was time for it to review its whole supply chain strategy.

With around 100 depots and half a million customers to serve, its delivery trucks range from very small (‘baby’) tankers to artics. The company ships 10 different product fuel types, with some products only available at certain depots resulting in a variety of delivery and transaction scenarios.

The decision to implement in-vehicle technology was part of a wider strategic review of its entire operation. Certas Energy wanted to ensure its operation remained cost-effective, providing product on time and to its agreed service levels. The key aims for delivery optimisation were;

•Reduction in paperwork by eradicating the need for delivery tickets
•Reduction in vehicle mileage
•Elimination of errors in delivery data via automation of updates
•Elimination of delays in delivery data via real-time transmission
•Increase in service levels through a more reactive service
•Optimisation of the scheduling process

TouchStar's software application has been designed specifically around the requirements of a heating oil delivery process, handling the interfaces to the tachograph, various meter types , printer and navigation data. The system provides vehicle checks, loading instructions, delivery details and end of shift reports to HMRC approved standards. In the vehicle TouchStar have supplied ATEX-approved, Hawk II,I mobile computers. The Hawk devices have a robust ATEX- approved large screen interface for the driver that clearly presents his delivery instructions and navigation guidance, as well as facilitating a signature capture option for customers. The live link between the driver and the back office facilitates the optimisation of the scheduling process by enabling a central view to be achieved leading to optimised fleet utilisation

David Hauff, head of logistics services at Certas Energy commented: “Through our strategic review process we have made considerable improvements in the optimisation of the overall supply chain process. It was important that we sought a similar level of tangible operational improvement in the area of delivery and general fleet management. TouchStar and Certas Energy worked closely to define and implement a robust system capable of handling the transaction and delivery scenarios necessary for a service-driven heating oil distribution environment.

I’m delighted to report that, 6 months after implementation, the system has met all of the key aims that we strived for at the commencement of the project. We anticipate a relatively short ROI based upon the genuine reduction in vehicle mileage and the administration associated with delivery errors. Of equal importance are the ‘softer’ benefits we have derived such as a delighted customer base!”

[pavey ark] 24/11/2015 08:52

Been rather lax here as I have a reasonable (albeit reduced) historical holding and was quite happy to just to jog along with it but I have had a closer look and things certainly look quite interesting.
As we all know the year end figures will be hit with one off restructuring costs but the new guy is looking at cost savings of an amazing £500k/year I say amazing because the 2014 profit was £500k so even ifm 2016 only matched 2014 we would have a profit of £1m.
IM bought 3m shares from Kembery for £150k and institutions picked up some and I read here that some thought there was an overhang of a couple of million.
Looking at the volume traded in the last six months there was certainly a volume spike in September but things have calmed down and the share price is moving up.
The new guy is obviously looking at improving the underling business which as we know is inherently sound and profitable but with a £500k start things look very promising and 10p a reasonable 12 month target.
Edit: 100m shares at 10p.
£1m profit at a fairly modest PE of 10

[michaelmouse] 28/10/2015 07:33

Christmas seems to come earlier every year. :)

[cocker] 29/9/2015 20:04

Anyone buying around the 4p mark will no doubt have made a shrewd investment in perhaps a year or two. Timing is always an issue with any investment, but for the first time in ages I would not be a seller. IM looks to be addressing the problems within & for once investors should take some comfort from this. For the record I am now back on board & may add again in the near future

[norbert colon] 29/9/2015 13:57

In very simplistic terms BVM has consistently generated profits (albeit lumpy) for at least a decade but over this same period has stagnated under its old management with revenue flat at around GBP 9m / annum. EPS of 1p from a similar t/o has been achieved in historical years. They appear to have a great client base from which to leverage. In the next 6-12 months when Ian has finished sweeping up and their offices and central costs are rationalised and they have a more motivated and energised workforce along with new product to sell this should be a great turnaround with very little downside risk other than those normally attributed to all micro-caps (liquidity and the like). WHI have a 6p price target which seems very achievable in the medium term with a double digit valuation longer term (possible negative macro issues to one side).

It would be good to hear from investors on the sell / bear side to dampen my enthusiasm please...