Billing Services Share Discussion Threads

[trentendboy] 30/3/2015 08:47

Still in the balance whether new business is growing quickly enough to offset collapse in old business.

Wifi hotspots really got a future? Satellites etc.

Hmmm

[gark] 30/3/2015 08:23

Didn't look too bad to me and it goes down 14%. Not an easy one this one. Oh well, here's to being debt free and hopefully sorting out FTC.

[lagosboy] 27/3/2015 14:54

If fine likely to be material, there must a provision made or note disclosure of the contingency at the very least.

[gark] 27/3/2015 14:26

Results next week so you might hear more then.

[capt bligh] 27/3/2015 13:28

Are we ever going to get any news on what fine is going to be imposed???

[gark] 20/3/2015 14:26

Quiet before the storm up?

[gark] 13/3/2015 21:32

Big after hours trade.

[gark] 11/3/2015 21:52

So $3.9mn of debt outstanding by the end of the month and results due too. Let's hope for good things to come!

[gark] 20/2/2015 17:33

Quite a decent bit of volume on the sell side today. Been very quiet for a while though. Really would like an update here.

[m1keg] 12/2/2015 23:16

I did think about it seriously :-) but then decided I'd better let the wife have a pick this time. Lets see what tomorrow brings!

[gark] 12/2/2015 21:56

Mike, you buy again today?

[gark] 11/2/2015 19:17

The money for the LEC refers to separate class action lawsuits separate from the FTC case.

[21trader] 11/2/2015 17:55

The debt is $6.3 mil left. They have over $10 mil in bank to pay it off plus of course they still generate a lot of cash.

Getting confused on this LEC. That is money to cover any payment to FTC should
the ruling go against BILL ???

[21trader] 11/2/2015 17:37

So what exactly does this mean then....

Change in Cash. BSG's cash balance at June 30, 2014 was $10.9 million, compared to $12.7 million at December 31, 2013. The $1.8 million decrease during the first six months of 2014 is largely attributable to $4.9 million of principal payments on long-term debt, a $3.1 million decrease in accrued and other liabilities and $0.6 million of capital expenditures, offset by $2.0 million of net income, $1.7 million of depreciation and amortization expense, $1.8 million of transfers from restricted cash and $0.9 million of net receipts on purchased receivables.

Change in Restricted Cash. In the ordinary course of business, LECs withhold funds from their payments to the Company in order to create a reserve securing potential future obligations of the Company to the LEC. Through December 31, 2013, pursuant to a 2012 agreement with one LEC, the LEC released a net $16.3 million of cash reserves. The cash was transferred into a restricted Company bank account to be used solely for funding the Company's indemnification obligation under pending class action litigation against the LEC. During the first half of 2014, $1.8 million was released from the restricted cash account to satisfy indemnification obligations, reducing restricted cash to $14.5 million at June 30, 2014. The $14.5 million of restricted cash combined with $12.0 million of cumulative indemnification credits which arose during 2012 under an agreement with another LEC, resulted in a total of $26.5 million of liquid resources available at June 30, 2014 to satisfy the Company's indemnification obligations associated with class action litigation.

[m1keg] 11/2/2015 17:23

I think they will need the cash to pay the fine?

[gark] 11/2/2015 16:51

I think that would be a good move.

[21trader] 11/2/2015 16:04

Well they are only 3 RNS's away from debt elimination that alone should do wonders for the price. I wonder if they will accelerate the final payment with existing cash resources ?

[gark] 11/2/2015 12:51

Forever hopeful! What can I say?

[envirovision] 11/2/2015 12:36

You must have amassed quite some holding there now MikeG

[m1keg] 11/2/2015 12:22

Some of it is me again and I still have no inside line on knowledge!

MikeG

[gark] 11/2/2015 11:20

Biggest volume seen here in a while. Announcement soon?

[lagosboy] 11/2/2015 10:47

Enviro -Over leveraged, flawed business model & poorly run, unlike BILL which is a cash machine in the right space, efficiently run now that Carter has gone- just has a black cloud overhead before it will start using its cash to do some deals - hopefully !!

[envirovision] 11/2/2015 10:07

Lagosboy, yes you certainly had a nose that things were not as they first appeared, I do remember that.

I see there are a number of investors on that board who still have no clue where their money has gone to, even after all this time.