||EPS - Basic
||Market Cap (m)
|Technology Hardware & Equipment
|gwr7: Ah, so it's my comments on Angle that upset you michael. Andrew Newland of Angle was fair game due to his Quindellesque share transaction and I'm more than happy to go on the attack against directors' murky dealings. After my posts there arose another good buying opportunity but again I seriously doubt I talked the share price down. I'm not an arrogant smart alec like you. Nor a fantasist. Calling me Narinder indeed. I used to think you were a man but now I see why you call yourself a mouse.|
|michaelmouse: Russman - A surprising comment if you're referring to the share price?
Your profile suggests you have been investing since 2000?
You should know as well as I do that one RNS out of the blue can materially change things spectacularly sometimes!
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.|
|rivaldo: 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.|
The good news - the £1.2m Certas order is huge compared to £9m+ annual turnover, plus there's recurring income and the potential for more. And it's for Certas' petrochemical fleet, which is a new sector for BVM if I'm not mistaken.
The bad news - Q1 has been slow and the results will be H2 weighted, though we know the Certas order will be coming in and there's mention of other large orders.
Impressive new non-exec appointment imo.
The share price may be marked down, with some small traders exiting. Medium/long-term I believe prospects - and the valuation - remain interesting and am happy to hold.|
|rivaldo: Given potentially 0.8p-0.9p EPS this year with the flagged acquisition, it's easy to see a share price of say 10p or so, which would represent a one-bagger from here.
That would be more than enough for me.
As Vasilis says, far better to utilise BVM's strong Balance Sheet - and hopefully BVM's loan facilities too - to grow the company. That's why BVM are on the markets after all.|
|rivaldo: GingerPlant, BVM actually did extremely well through the depths of the recession in remaining profitable and soundly financed.
It does seem that BVM is now on the up and up. Certainly one can see at least a 7p share price - 55% upside - in the short term based on 0.7p EPS this year, with further upside if the proposed acquisition comes off.
Given that we know BVM will continue to invest and will therefore continue to receive substantial R&D tax credits, dropping in a full tax charge would seem to be completely self-defeating in assessing true value.|
|rivaldo: Excellent results, bang on target with 0.5p EPS and £0.7m net cash:
Most encouragingly, there's another acquisition on the cards, so BVM are postponing the final divi until it's finalised.
Forecasts are already 0.7p EPS for this year. Another acquisition, following the recent AFS purchase, could send forecasts up to say 0.9p EPS, which would leave the current share price looking ridiculously low.
Above all, the outlook statement is VERY positive:
""2014 was a much improved year with increased revenue and profits. The Group has made continued progress in extending its activities and offerings to cater for a wider and more discerning market. The Board believes that further progress will be achieved in the current year."|
|rivaldo: Yes, I saw his summary, but imo it was so out of step with what's actually happening at BVM - and is also factually incorrect - that I really couldn't be bothered to post it!
For starters, PS is obviously completely unaware of BVM's new products like SkyPOS, and indeed is also completely unaware of their large-scale shift from hardware to software.
Then there's the point that BVM could grow back to historic/pre-recession £2m PBT. The m/cap would I suspect be rather larger than the current £5.3m if they get anywhere near that.
And PS completely ignores the acquisition they made last year which could be followed by more from the cash pile.
I can only repeat my prior post which summarises the fundamental case for BVM...
For a £5.4m m/cap at 5.38p, one gets a company with £1.9m cash and forecast by WH Ireland to make £0.7m PBT and 0.66p EPS this year, followed by 0.8p EPS next year. There's also a 0.2p dividend, i.e a 3.7% yield.
The £3.3m EV looks pretty good against those figures.
BVM made the Feedback acquisition mid last year, and it seems to be bedding in nicely, so we may even get a further acquisition from the cash pile. And trading appears to be on the up, especially the airline SkyPOS solution.
It's not difficult to see a 10p share price based on 0.8p EPS with the accompanying cash pile. Not bad against the current 5.38p share price.|
|perryman: bvm share price still edging higher even though mr hardy director of bvm has
bought only additional 70,000 new shares which seems a bit of a non event .
otherwise very little news re bvm|
Belgravium share price data is direct from the London Stock Exchange