Biocare Share Discussion Threads

[spear] 07/6/2001 22:52

Maryamb,
45% is too much I know !! Dont know as yet when the issue is happening.
I will definatly take up the rights issue (although heck knows where im gonna get the cash to do it from). I could be completely wrong who knows but I am happy with the risk / reward ratio. You seem unsure as to wether you will take up the rights issue - that I cannot understand.... You averaged down yes....
what if the day you averaged down someone said ... look ive got a special deal
I will let you have them for 5p what would you have done ? snapped their hand off maybe ? (that was then with money running out, Dan Wanger still at the helm,
and all of the other loss making drains on the only decent thing BSN has).
My point is you wouldve bought then @ 5p and been very happy but now with
Finance arranged, DW leaving and the dross being sold or disposed of you may not take up the rights issue ... that does not seem logical, try not to let the past affect your current decision that you have to make, base that decision on the facts you see before you today....
Im not saying either take up the rights issue or not but just look at the facts today... they are more positive than they have been for a long time... apart from the share price.../

Good luck, I will be on this board for a long time I think,

Laters,
Spear

[maryamb] 07/6/2001 09:49

epear

thanks for your answer, bsn is not much fun for me at the moment since I bought high !!but I will hold to it long term ,I also averaged down few weeks ago ,that was too soon .

when is the rights issue coming up ?? I might take it up too.

PS. 45% is a huge part in a portfolio, you must have a lot of faith in this stock.
maryamb

[spear] 06/6/2001 18:30

Maryamb,

An average price of 9.4 is but when I take up the rights issue it will bring
it down to 7 something (cant be bothered to work it out exactly)

I hold 4 stocks.

ASD bought @ 3.31
EGS @ 2.57
SKP @ 82.5
and BSN average @ 9.4

BSN makes up 45% of my portfolio.

I would rather not go into the actual amounts.

IMHO = in my humble opinion.

I have done as much research as I possible can on this stock, todays rise was nice but I dont see myself selling for a long while yet.

Good luck if you join in the fun.

If youre unsure check out Autonomys sales increases and read the stuff by Jim Bair on the BSN web site...

Regards,
Spear

[maryamb] 06/6/2001 18:15

spear
how many bsn do hold and how much did you pay for it?
ps. can you tell me what is IMHO ??? thanks

[mjf123] 06/6/2001 17:49

16% up today and some good trades might even buy some more.

[superpete] 06/6/2001 14:55

This is a specualative trading share. Go in with your eyes open and not one for widows and orphans.There will be dilution in share price when an extra 270m shares are placed.Bid 8.5p Offer 9.5p mms will flog 'em and raise price if chased higher.You make or lose on this share as prices do go up and come down.Good luck.imho,dyor etc.

[bluewain] 06/6/2001 14:32

now up 12% with major buy trades and mm's getting involved. Anyone waiting for the price to drop to 5p could be in for a long wait....happy trading....sorry just changed now up 16%

[superpete] 06/6/2001 13:27

BSN now trading bid 7.5p offer 8.5p.This share does not come without some risks imho, even at these lowly levels.The placing of the 270m shares could in my view lower share price to say 6p/7p others may say 5p/6p or less.

Investors can be encouraged or sucked in to trading a share higher only to see it fall back.That's the gamble-for novice investors be careful and if you punt on this one go in with your eyes open.More likely to lose.You either make or lose money on this one, which will take some time to throw off the title "Dial-a-Dog" whatever they re-name themselves.Personal views,imho,dyor etc.

[bluewain] 06/6/2001 10:43

Some massive buy trades just gone through....2 of 1 million each at 8p....anyone who thinks this price will go below the 5p the institutions have agreed for further financing are mistaken.....do you honestly believe that the private trader will get a sniff of the price they've been allowed to pay for them with the massive potential of BSN and a client list to die for? This one could easily take off now that the immediate future is secured.

[forfaiter] 05/6/2001 23:52

IMHO its a fair bet for a good recovery.

Well worth the risk/reward ratio at these levels.

Good luck !

[spear] 05/6/2001 22:57

I am still very positive on the stock for sure... I can wait

[forfaiter] 05/6/2001 22:30

Well it did go up 20% before the announcement.

Not far off!

[spear] 05/6/2001 19:46

nig... I called it wrong. It happens.

Spear

[nig295] 05/6/2001 14:51

Spear

"50% Upside this week - dont blink or you miss it"

Yeah right

[lurkalot] 05/6/2001 14:42

My guess is a drop to below 6p depending upon news of cash burn with no incumbents.

[superpete] 05/6/2001 12:17

Spear
I agree Dan W had to go and needed a new management/company to have the chance of making company a recovery play.A little way to go yet methinks.

Shares have stabilized at bid 7p offer 8p and mms have flogged off 1,285,434 buys v 10,790 sells with 750K ? seemingly a buy.So a good day for BSN & mms.

Institutions are committed to buying @ 5p a share. When the extra 270m shares are placed and listed where do you see the share price? i.e when dilution has to be taken into account.More or less than the current 7p/8p?

[superpete] 05/6/2001 08:47

The offer price moved up to 8.5p this a.m.but looking back down at the bid of 7p a 17.64% drop ; or put another way means share would need to rise 21.42% to reach current offer price.Maybe i'm wrong but just can't see it happening short term.Interested to see what happens to share when there are an extra 270m shares in issue.

[spear] 04/6/2001 23:12

Anyone buying this share wont regret it the new management will turn this around. This will be a new company with all thge cr@p cleared and the cashburn reduced VERY significantly. All of the sign are there for a recovery play.
My timing was wrong but these will come good.

IMHO


Spear

[mjf123] 04/6/2001 17:30

Buyers starting to come in at 8 any one for bottom fishing.. ?

[kmcl] 04/6/2001 10:11

Figures based on Q1 and previous years results are not relevant. For any comentator (or poster) to use them a shows lack of willingness to do some digging.

One division is being closed down, one has already departed. Costs such as the creation and implimentation of the rescue package were included in Q1 results. Staff from Sparza are already working out their notice (commiserations). We are assured other costs have / are being cut. One board of directors is shortly to depart. Revenue from SL continues to grow at +21%. This info is in the public domain. The estimate of £8m bridging needed is (deliberately?) missleading.

To show how little reliance can be placed on other peoples 'expert' opinions, other press reports stated that bsn may not have to dip into their bridging facility once it is in place (?). The thing to bear in mind is that institutions are already commited to buy this stock. Wonder why?

If you believe eveything you read you will be open to manipulation. Do your own investigation, form your own opinions.

[superpete] 03/6/2001 12:46

This is the best article I can find which explains the reasons why BSN will need a bridging loan i.e survival as share placing will take no less than two months!

copy and paste from www.sharecast.co.uk

TECHNOLOGY
Bright Station pulls back from the abyss
By Alec Campbell
Thu 31 May 2001


LONDON (SHARECAST) - Troubled knowledge management specialist Bright Station announced its own rescue package today saying it would raise £13.5m in a planned placing and four-for-five share offer – and not a moment too soon. Bright Stat

Latest Prices
Name Price %
Bright Stat 8 -3

Software & Computer Services -0%
Data supplied by
nothing-ventured.com




As ShareCast reported on May 3, the company was due to expire from lack of cash about now, having warned at the start of the month that it had less than £3m left. Bright Station will place 270m shares at 5p each and expects to raise £12m net of expenses.

The company will also sell or close all but one of its businesses, as well as changing its name again – to Smartlogik, the only retained business. The fundraising, the minimum the company considers necessary to survive, will dilute shares dramatically – the current market capitalisation is only £12m.

The share placement itself is unlikely to be completed in less than two months, leaving the question of how Bright Station – or Smartlogik, as it will soon become – will survive until then. The company will need a bridging loan of around £8m at current burn rates, which it has yet to arrange, although it is negotiating with several banks and individuals to secure this money.

Bright Station, formerly Dialog, formerly MAID, was intended to act as a holding company for a number of nascent technology businesses, raising funds to develop some by selling off others. The collapse in the tech market put paid to that plan, and since the start of the year the company has been steadily eating into its never-very-deep cash reserves.

The other businesses in the group have stopped trading and will be cut adrift. Officeshopper has already been sold to Inkwell Online, and Bright Station’s chief executive Dan Wagner may take on Sparza, the e-commerce business based on the technology of the failed retailer boo.com. The board of Bright Station is to be replaced, almost without exception, by the Smartlogik board. Robert Lomnitz will remain as head of business development.

Today’s first-quarter results were somewhat overshadowed by the announcement, but tended to back up the generally gloomy picture. Sales doubled to £2.3m but administrative expenses more than tripled to £4.7m, leading to pre-tax losses of £6.1m. The company acknowledges that it is currently wildly overstaffed, and has cut 75 jobs in the last month alone, with more lay-offs likely.

Shares in the company fell 1p on the news to 7.75p.

[spear] 02/6/2001 12:05

It is not definate they will need to use the bridging finance it is being set up in case they do. Probabilty they will need to use at least part of it I wouldve thought.

Thanks Haystacks.

Regards,
Spear

[haystack] 01/6/2001 21:52

There is plenty of time to get the rights. The whole process has to get shareholder approval first. Next will come the publishing of the final terms and the date at which the shares will go ex. rights. The whole process will take weeks probably. That is why they need bridging finance. Otherwise the money will run out in a few days I would guess.

[spear] 01/6/2001 21:37

Think so, If we had further to go it is likely that today wouldve taken it there. Looks like anyone buying in now maybe still be able to get the rights issue @ 5p although this is unconfirmed. No real details on the rights issue available yet.

Spear