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BILL Billing Services Group Limited

0.45
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Billing Services Group Limited LSE:BILL London Ordinary Share BMG110261044 COM SHS USD0.59446
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.45 0.30 0.60 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Billing Services Share Discussion Threads

Showing 3201 to 3225 of 4100 messages
Chat Pages: Latest  140  139  138  137  136  135  134  133  132  131  130  129  Older
DateSubjectAuthorDiscuss
06/4/2016
12:28
Nothing but selling here. Results didn't seem that bad.
gark
01/4/2016
13:39
Thanks. Totally agree, may even buy more.
gark
01/4/2016
09:57
I'll tell you what, this companies actions along with banks ppi should be in every senior management course on risk prevention titled "Short term gain versus long term hell".

I hope/believe this company can maintain profitability in the long term as it shifts its focus to wifi, maybe at a lower level than today but still sufficient to be a dividend paying company. We have no debt, the liability to LEC's looks covered we just need to agree on a reasonable fine with the FTC.

Without the illegal activities of the past screwing up the balance sheet it would be just a profitable company trying to turn 90 degrees to compensate for the declining revenues in its core service.

I'm still looking long term at this company another 2-3 years at least but 2016 is important to get the monkey off its back and then see how the situation looks. Forecast is still for a profit about 1p per share in 2016 and rate of revenue decline is decreased.

Honestly, its a feeling here for the future, I guess the tie up with DT and the professional way they seem to be viewed in the wifi market helps with that, plus management have a lot of skin in this game.

m1keg
01/4/2016
08:44
M1keG, what is your view on this? Looks like good progress on WiFi side and revenues and profit support a higher market cap.
gark
01/4/2016
08:21
I was suprised by the 5m paid to LEC and the expectation that 9.3 (the rest) will also be paid. Mind you the words "And legal fees" probably accounts for that!
m1keg
31/3/2016
22:22
I think management is good and CEO holds about 10% of equity. Paid down debt with over $7mn in the bank so all will depend on FTC, which should be resolved soon.
gark
31/3/2016
18:59
No real evidence that there will ever be anything in it for holders. Does anyone really trust management here?
topvest
31/3/2016
12:20
Thought results were OK and it is down?
gark
31/3/2016
07:56
Commenting on the results, Pat Heneghan, Non-Executive Chairman, said:

"2015 was another year of success. The repayment of all debt and ongoing resolution of certain litigation-related liabilities has allowed us to focus more attention on operations and strategy as we accelerate our revenue stream diversification from a niche service provider for the U.S. landline sector to an international service provider for wireless market applications."

cascudi
29/3/2016
12:40
Results Tomorrow?
gark
21/3/2016
22:36
Let's hope they are good and we see progress not FTC action.
gark
21/3/2016
10:46
Results soon
capt bligh
11/3/2016
17:12
Quite high volume for this stock and all going through at 4.25p without price moving. Someone taking a position?
gark
24/1/2016
20:49
As far as I understand it, the wireless business was loss making until last year.
gark
24/1/2016
18:10
No it's a trading business. The wireless business in the UK goes through this entity. It has £800k of debtors so probably £3m or so of revenue, but impossible to work out because the accounts are so rubbish.
topvest
24/1/2016
17:17
I think the wireless business has been folded into the main business so it looks like the accounts submitted here are just shareholders equity and value of assets in UK. Looking at last financials the CEO points to increased wireless revenues and higher profit margins in wireless helping profitability. They have also launched joint services with AT&T and DT so looks pretty good to me but I am a holder and have faith in the company so welcome a bit of a different view.
gark
24/1/2016
15:54
I've been looking at this. All very odd. The UK company, BSG Wireless Limited, is not what you'd expect at all. It files abbreviated unaudited accounts which is not really on for a UK subsidiary of an AIM listed company. Accumulated losses are about £2m but obviously no turnover disclosures. Company lost £0.5m in 2014. All looks a bit grubby to be honest. Anyone care to correct me on their wireless business in the UK? If the future is this, then the future looks poor!
topvest
22/1/2016
12:51
That wraps it up!
gark
22/1/2016
12:39
Sit on our hands until end of March. Sit on out hands some more until mid Sept for interims. Hope the lawyers sort out the fine we have to pay this year.

Bigger shareholders are not bailing out so why should I?

Missed anything?

m1keg
22/1/2016
10:31
Anyone got anything to say about this one? Very quiet!
gark
02/1/2016
13:39
HNY! Got a feeling 2016 might be the year for BILL. Here's hoping.
gark
23/12/2015
17:23
Up today. Think this may pop next year.
gark
22/12/2015
19:56
Thanks. So if I interpret it correctly, neither the contingencies or trade payables will impact bill cash position.
the ghost who walks
22/12/2015
17:39
Third-Party PayablesThe Company provides clearing and financial settlement solutions to telecommunications and other service providers through billing agreements with LECs, which maintain the critical database of end-user names and addresses of the billed parties. The Company receives individual call records from telecommunications and other service providers and processes and sorts the records for transmittal to various LECs. Invoices to end-users are generated by the LECs, and the collected funds are remitted to the Company, which in turn remits these funds to its customers, net of fees, reserves, taxes and other charges.Reserves represent cash withheld from customers to satisfy future obligations on behalf of the customers. These obligations consist of bad debt, customer service, indemnification obligations and other miscellaneous charges. The Company records trade accounts receivable and service revenue for fees charged to process the call records. When the Company collects funds from the LECs, the Company's trade receivables are reduced by the amount corresponding to the processing fees, which are retained by the Company. In certain instances, the Company also retains a reserve from its customers' settlement proceeds to cover the LECs' billing fees and other charges. The remaining funds due to customers are recorded as liabilities and reported in third-party payables in the consolidated balance sheets.
gark
22/12/2015
17:38
Notes from FY accts explain it.8. ContingenciesThe Company is involved in various claims, legal actions and regulatory proceedings arising in the ordinary course of business. The Company believes it is unlikely that the final outcome of any of the claims, litigation or proceedings to which the Company is a party will have a material adverse effect on the Company's consolidated financial position or results of operations; however, due to the inherent uncertainty of litigation, there can be no assurance that the resolution of any particular claim or proceeding would not have a material adverse effect on the Company's consolidated financial position and results of operations for the fiscal period in which such resolution occurs.In June 2012, the Company executed an agreement regarding reserves (the "Reserve Agreement"), as well as a deposit account security and control agreement (the "Deposit Agreement"), with one of the largest U.S. LECs. These agreements were prompted by this LEC's intention to settle a nationwide class action and the resulting indemnification obligations that would be owed by the Company to the LEC as a result of the settlement. The Reserve Agreement permits this LEC to deduct funds from amounts otherwise payable to the Company to cover obligations under the Billing and Collection Agreement between the Company and the LEC. The Deposit Agreement permits this LEC to deposit amounts in an account held in the name of both the LEC and Company; however, funds can only be released at the sole direction of the LEC. The amount of restricted cash, as indicated on the consolidated balance sheets, represents the net deposits made by the LEC in connection with the Deposit Agreement. Included in accrued liabilities at December 31, 2014 and 2013 are approximately $24.4 million and $23.2 million, respectively, in reserves which are comprised of these deposits and other payables available to satisfy potential future obligations.
gark
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