|Bns Telecom Group
||EPS - Basic
||Market Cap (m)
Real-Time news about Bns Telecom (London Stock Exchange): 0 recent articles
|dabberman: Results look quite good, hence the rise in the share price. Using the leasing company to generate the cash and tying people into long contracts looks like a good tactic by the company and clearly legal. Looks like the only cloud is the loan may not be repaid on time which suggests that Moat may not be able to repay it on time due to the lack of liquidity in the property market. But the company and products look to be finally heading in the right direction. Could be a good time to buy these shares.|
|tarzan003: there is mega problems ahead for this company, they have been leasing out telephone calls and lines which is totally against the law, the leasing companys are now getting wise to this and stopping this from happening, which in return is gonna mean that they cannot turn over the same amount of money, well honestly anyway, I have respect for mr moat in what he has done, its his second attempt or third and its worked this time for him he cannot honestly say its been an honest buck made but its a buck all the same, I dont agree with the way the company damages small companys, or the way the company treats its sales force but if rich people buy shares to get richer then your just another pawn in Mr Moats game and you have been stuffed big style, look at the share price when it started circa 64p now its 4p you need to start being honest with yourselfs and realise in the words of michael jackson " you been hit by you been struck by a smooth criminal"|
|geordieduke2: With the loan being unsecured it might be the best move Moat made - at least he will have got away with £800k that he doesn't have to pay back. Would be a bit of a mess though - BNS going after it's own CEO. I wonder what the other big shareholders think of it, the company going down the pan, big share price falls every time someone sells and the CEO has plundered 800k to prop up his property business. The way the property market is going you wouldn't bet against Moat defaulting. Although he has probably been very clever as 650k of the loan was to Moat himself and only £120k to MPL, so it's not like anyone could go after all the properties in MPL and would have to go after Moat himself. No doubt his palacial house will be safe. Check it out on Google Earth, very nice! Not too nice for BNS shareholders though! Moat's debt is now equivalent to 32% of the market cap of the company.
GARRY G MOAT
NORTHD NE47 9NG
I wonder why there was quite a big dump of shares....is their delayed trading update not looking to good maybe?|
|dabberman: Could well be right, it does sound like disgruntled sales guys, one at least does admit to working with the competition. There was also someone claiming to be a customer and the share price had collapsed well before these guys started posting. So perhaps worth trying to find out if, as these "posters" claimed and what they were saying was indeed "fact" as they claimed. Better to expose them if their claims are untrue.|
|2lb: From Comms Dealer - the industry magazine
BNS Telecoms` Network Services Division faces uncertain future
The future of BNS Telecoms` Network Services Division is uncertain following a `root and branch` review of the business by Group Chief Executive and major shareholder Garry Moat. The preliminary findings of this review have revealed a significant underperformance during the third quarter and an over ambitious expectation for the final quarter of the financial year. In addition, the Board believes it is now `prudent to increase bad debt provisions within the division to cover certain older and disputed debts previously held to be collectable`.
The Group`s interim results posted April 4th 2007 stated that Network Services turnover was up 167.5% in H1 2007 over H1`2006, and 17.8% over H2 2006.
Problems with this division appear to have surfaced late last month when BNS Telecom Group`s commercial director Mark Stewart suddenly left the company, and Moat assumed the day-to-day responsibility for the Network Services division.
According to a trading update, the Board now expects the Group`s operating profit in the current financial year to be reduced by around £1.3 million. Having initiated a full review of the Network Services Division, the Board is considering all options for this business. Goodwill of up to £2.1 million will also be subject to an impairment review. Following a plunge in BNS Telecom`s share price, on June 15th Moat purchased 100,000 ordinary shares of 10 pence each in the Company (`Ordinary Shares`) representing approximately 0.2 per cent. of the Company`s issued ordinary share capital at 32.5 pence per share. Moat`s resultant holding is 30,021,217 Ordinary Shares representing approximately 59.9 per cent. of the Company`s issued ordinary share capital.
The Group recently completed the sale and leaseback of the its Head Office generating an exceptional profit of £1.1 million in the process. At 31 May 2007 the Group had net debt of £3.4 million, down from £4.5 million at 31 January 2007.
The Group sold the freehold office facilities of its head office property at Low Prudhoe in Northumberland for £4.79 million in cash to East Anglia Pubs. The book value of the office facilities was £3.7 million. The proceeds will be used to repay an on demand loan of £3.5 million taken out specially to fund development of the head office property.
BNS has taken a 15 year lease on the development at an annual rental of £355,000 per annum with five year upward only rent reviews. Moat said: "We undertook the development of these facilities to meet our accommodation needs as the business grew. This sale and lease back will initially reduce the Group`s debt levels and provide debt capacity to fund future growth."
Trading in the core BNS Telecom Business Reseller Division and 3g Comms business (acquired in March 2007) continues to be in line with the Board`s expectations. The directors are encouraged by the market penetration of the hosted IP telephony and WiDial products.|
|mr ashley james: Jim,
It looks like we still have four more drilling results to come from StillWater Complex "B" Chromite Reef.
It also looks like the reason TSX:BTP took ground next door on might be indicative that best soil anomolies or grades from drilling points to direction with highest intersections say drill their best guess no idea solely best guess, after all why do it?
Directors certainly wont put out serious results unless they want to promote ie the Share Price Obviously, so why don't they want to?
A great day on PGMs today with Platinum up 4.50% and Palladium up 2.80%
I reckon that key hole was say US$73.37 per Cubic Metre or US$330.16 per Mt assuming Specific Gravity of Chromite circa 4.50 Mt per Cubic Metre.
Any views on this please email me the [email protected]
No idea Baffled, unless!
All IMHO, NAG, DYOR etc
Have a Good Weekend.
|jonno1: just listened to the webcast, really points to news next year, not this, in regard to the share price|
Bns Telecom share price data is direct from the London Stock Exchange