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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Bglobal | BGBL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.25 |
| Top Posts |
|---|
Posted at 13/10/2016 14:41 by pscambler Charlie Dagworthy Charlie.Dagworthy@frreplied to me in August, if no reply we can hasle direct! Langlad, pls post any reply you receive. Here's hoping it will help pay a bit towards Christmas Thank you for your email dated 26 July 2016. Please be advised that I am still in correspondence with HMRC. Unfortunately at this stage I would not be able to provide you with a specific time line but I envisage that any outstanding matters will concluded soon. I will write to all shareholders to notify them of the final dividend as soon as I have a date to progress the same. Kind regards Charlie Dagworthy FRP Advisory LLP 110 Cannon Street London EC4N 6EU DDI: 0203 005 4151 Fax: 0203 005 4400 charlie.dagworthy@fr www.frpadvisory.com |
Posted at 19/4/2016 14:59 by vatteton VATTETON18 Sep'15 - 16:49 - 1112 of 1138 0 0 edit I believe BGBL was a company far ahead of it's time.. GLA.. |
Posted at 18/9/2015 16:49 by vatteton Well guys I think that's just about it,I have quite enjoyed this thread, no silly nonsense just good straight forward banter over the last four years or so.. I believe BGBL was a company far ahead of it's time.. Time to move on and maybe see some of you on the CPX thread. (No ramping intended) GLA.. |
Posted at 06/12/2014 10:12 by flyfisher The business property that bgbl own is now for sale. |
Posted at 08/8/2014 11:34 by garbetklb My BGBL shares were held in my SIPP with Alliance Trust.Heard from them yesterday that they would not hold unlisted shares and would sell them in week of 25th August regardless. To me, this seemed to present the danger of a compulsory sale at a time when other holders were also being forced to sell - not appealing. So, whilst I intended to hold them until the end, decided to sell this morning - 100,000 @ 12.45p. 14% gain over 2 months, which is fine - especially as most other things are not looking v pretty over the same timscale!. I'm v keen on these liquidation scenarios - any more ideas? I already hold NRI, BBM (not quite the same, but similar) IERP, LSR, CDI, ACI, APT - in order of size of holding. Garbetklb / InTheHighlands (Fool) |
Posted at 24/7/2014 08:38 by vatteton VATTETON 23 Apr'14 - 08:26 - 1017 of 1059 0 0 edit Well EAS thought it was a good deal, went up 20p on the day !!! I just wonder now will we continue to trade as BGBL or will there be a name change as we are now basically a software company.. |
Posted at 23/4/2014 08:26 by vatteton Well EAS thought it was a good deal, went up 20p on the day !!!I just wonder now will we continue to trade as BGBL or will there be a name change as we are now basically a software company.. |
Posted at 12/2/2014 16:27 by vatteton weatherman Yes, a usefull period for BGBL. quite a bit of activity today in the way of buying, will the metering sale cover the dept ? |
Posted at 12/2/2014 16:09 by weatherman It would seem BGBL are paying back half of the debt owed in installments - 450,000 out of 950,000, then the remainder in July. The terms allow for conversion at 17p, but as the price is 8p then that is half of the original. They hope to sell the meter business soon. |
Posted at 11/3/2013 12:43 by beta_adjusted Its likely to be of incremental (or decremental if costs > revenues) importance. The core business here is a software services and meter asset management business. The software business sells complete energy solutions to the 'magnificent seven' i.e. everyone ex Big 6. Everyone uses their products. There is a repeat revenue component to the business but they also get up-front payments when they first sign a customer. Its a good business but the question is whether the big6 will be restructured or even leave energy supply (quite possible given the political heat over elec/gas bills which are set to continue increasing given UK's dreadful energy outlook). Guessing ~70% of EBITDA is UK, the other 30% is Aus, but cash generation is mixed due to continued re-investment in the business. This business could be worth >£20m by itself on the basis of other transactions for similar but smaller businesses (was acquired for £12m albeit from the executive Chairman's other business so the city didn't like it) however, obviously its valuation depends on the outlook for the 'magnificent 7'.The second part of the business involved meter installation to SMEs and industrial players (for whom energy efficiency is very important), and meter asset management (of the installed base which is a very good, repeat business with a high margin, but doesn't yet have sufficient scale to offset the rest of the business and central costs), which historically generated most of the EBITDA but has been heavily hit by the big 6's move to larger suppliers in view of the residential roll-out which has itself been delayed. This has been radically restructured but the question remains as to when BGBL will get a significant magnificent 7 order, and whether they will get any trial 'pre-rollouts' from the big 6. The residential roll-out must be completed by 2020 and represents an enormous challenge and cost for the industry (the scale of the financing required for millions of meters is beyond a small player like bgbl which has an installed base today of ~200k meters). Lets say that BGBL installs/project managers installation of all the meters for the magnificent 7. This would be quite logical and possible and would represent perhaps a doubling or more of BGBL's meter installation and lucrative asset management business. However, when will it happen? if you are e.g. a Good Energy, then why would you bother installing meters for your customers until 2018 or 2019? the pressure is not the same, better to sit on the fence and wait and see how the industry develops, then install last when the risks and costs of doing so are lowest. However, a further kicker for the business is the Samsung deal, signed last summer, which would give BGBL an exclusive right to sell and distribute Samsung meter technology in the UK. Samsung meters are decent (meters are a commodity) and, crucially, significantly cheaper than anyone else, therefore, given BGBL's ~£10m market cap, it would be simplest to just buy the company e.g. for £20 - £30m, given the huge cost-savings achievable (I don't have my figures to hand). However, the Samsung deal only kicks in after BGBL receives a 'significant' order, and Samsung can still back out even then. The city and presumably most investors hate the management. They didn't like the utiligroup acquisition, management have failed to deliver on several business plans, and there is nepotism (the CFO is the chairman's son and earns almost as much as the CEO who is a very experienced lawyer ...) and the stock-price speaks for itself. Looking at the shareholder list and the liquidity, you can see that there are a number of large institutions who are effectively stuck in the stock. It seems likely that they would happily push for any deal that would allow them to recoup some of their losses or make a good return. So thats the essential situation. The stock could be extremely cheap, but the business outlook is unclear to all involved. There is a tangible probability of a very good outcome for the company, but also the possibility that management (the chairman has now gone executive as of autumn last year) burn the cash trying to change strategic direction. As it stands, the business as a whole is probably roughly cash neutral as it has a cost-base which is too large (and note that the salaries that management pay themselves are far too high given this fact, and the fact that they are failing to perform). But its not entirely fair to blame the management: the business is where it is; such is life. On EV/sales, the business is incredibly cheap, on EV/EBITDA its expensive. It could go to £1 (although I think 20 - 30p is the more likely scenario). Or it could die either suddenly due to industry change, or over time via destruction of shareholder value. It seems unlikely that most institutions would bother selling as it will be too small a part of their portfolio. |
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