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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Bluestar | BSST | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.50 |
| Top Posts |
|---|
Posted at 02/11/2013 14:26 by zangdook Here's some bed-time reading for anyone not already familiar with the Sinosoft story - however dastardly BSST are being, they can't match SFT - yet. |
Posted at 02/10/2013 10:04 by bill182 bene449 - welcome to the world of BSST. I don't think you will be disappointed. Watch out for the Interims in November.....I am anticipating a big improvement over last year. Good luck. |
Posted at 06/2/2013 16:01 by edmundshaw outstanding debtors number is huge. Dividend cut. Very cheap, but very risky. |
Posted at 14/11/2012 13:34 by bill182 Stegrego....for my sins I am, but only a small amount. I have done very well out of BSST in the past, and whilst the results this morning were disappointing, they were not unexpected.The directors and II's are in at much higher levels, and the wage cuts plus other savings will make a difference going forward. I also expect the price of the hard disks to drop as stocks build up following the floods in Thailand. I will give it a year and review the situation then. Happy hunting! |
Posted at 10/10/2012 14:21 by bill182 Another 1.3m buys today so far. It looks like one or more of the Institutional Investors are selling down. Could be because the company are no longer paying a dividend. |
Posted at 02/10/2012 16:26 by saucepan It has been a long while since I have been in BSST, but it seems to offer a classic lesson for investors: when a stock is in a strong downtrend it takes a lot of reversing. I seem to recall I got out around 15p to 20p levels and some people thought the bottom was in then.A bowl probably needs to form over a decent period before there is much chance of a sustained rise. No sign of that, I see. |
Posted at 20/7/2012 18:50 by edmundshaw Quite. Total outstanding debtor days up from 357 days to 475 days. Ye gods, don't banks in China ever pay for anything??? Makes Geong look tightly run. Dividend was bound to go.Still, the CFO has gone. And they are "requesting" the banks to pay in instalments rather than several eons after project end. Some hope I suppose for remaining shareholders... of which I am not likely to be one again. I suppose one has to experiment with new investment ideas, but the failures are stll painful... |
Posted at 06/2/2012 15:15 by edmundshaw Yes, BSST profitable now and may well even end up being a good, profitable investment long term. Especially if you can buy low and sell high!But that doesn't make for such dramatic press, and people do seem to love slagging off chinese companies. I've made very good money with CHNS, ACHL (still invested there), WCC. On the other hand lost a fair bit with RCG and Haike. Overall, returns have been very uneven (and quite volatile), so diversification has been pretty essential to derisk the overall chinese portfolio. But for every chinese company that has lost 40, 50 or 60%, I can show one that has made 200, 300, 1000%. Overall happy, but you have to be sanguine about the losses. BSST business returns are not even. Ergo there will be good periods and bad ones. Provided cash collection ensues, however, and the company itself is kosher (which I think very likely), it does seem a pretty regular, solid business model. I shall keep my small holding here for now. Hopefully the dividend will continue to provide some returns while I am waiting for better times. |
Posted at 06/2/2012 13:48 by masurenguy davidosh - 1045: I do wonder how much money in total has been raised in IPOs and subsequent additional placings and how much value is the left in the chinese companies that remain after that mass of listings on AIM about six years ago ?I sold my residual stake BSST (post# 989) at a good profit last year so I have no axe to grind here. However I think that there are some misrepresentations of the situation here following todays profit warning. I know Davids comment was a generalisation, rather than being specifically directed at BSST, but nevertheless I think it is appropriate to establish some proper perspective here. BSST raised £11.1m through their original IPO almost 5 years ago. They have not raised any more money since then so there has not been any further placings or shareholder dilution whatsoever. Over the past 4 years they have paid shareholders £2.3m in dividends They were still in a net cash position - circa £3.5m - at the end of the first half this year (Sept 11). The company has been profitable since listing on AIM and todays trading statement indicates that this will continue to be the case albiet at a level well below market expectations. Their cash position has declined from circa £11.5m in March 2008 to circa £3.5m in September 2011. This is almost entirely due to increases in receivables, inventories and R&D investment over this timeframe which has partially been funded by profits and partially by original IPO funds. Whilst the RNS today will clearly be a great disappointment to all existing shareholders, the notion that a company with a net cash balance and which continues to be consistently profitable (even at a reduced level) is on the brink of collapse is a complete distortion of its financial situation. |
Posted at 04/2/2012 17:47 by the diviner Hi,This company came up on a recent value trawl of the numbers because it appears, (on the surface), to be undervalued but I cannot seem to find out much about the company. For instance; I cannot find a company website. - Is there a company website? There is web video from iii in 2008: That 2008 video appears to indicate that the company was really well a few years ago. What happened? (Was it just smoke and mirrors)? I had considered buying a few BSST shares but so far I have decided against because there is a gut feeling that there could be something rather whiffy about Bluestar Secutech. (I have no idea if there is and would welcome some input from those who have already invested their own money into BSST as to the reasons why a person should buy or hold these shares). In some ways BSST seems to be similar to GNG in that the story looks OK and the published figures look OK but the share price just bombs over time because it is all jam tomorrow and what is happening around the company does not support the theory that the promised jam will ever arrive. Is that fair? I like the fact that BSST is paying a dividend but what is it being paid out of? I am not too sure what the BSST business model is; they appear to just install video surveillance systems but they do not seem to make the stuff that they sell and once sold and installed they do not have an ongoing contract with the customer with regard to operating and/or maintaining the equipment. Is that correct? Last but not least is the getting paid question. Are the payments just severely delayed or are they unlikely to ever arrive? TIA. Kindly advise, TD |
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