Bradstock Grp. Share Discussion Threads

[vamp] 20/6/2001 13:46

According to RNS Rule 8 takeovers/mergers , one million shares brought yesterday by Monument Derivatives,

Also tipped as a buy on Bloomberg yesterday

[vamp] 19/6/2001 23:31

Tipped as a BUY on Bloomberg this evening

[cantab] 19/6/2001 13:34

Any thoughts on the results? They certainly look more positive than might have been expected, and the fact that the price has risen rather than fallen as often seems to be the case when results are announced, suggests that the markets think so too.

It would be interesting to know exactly what kind of offer the directors would propose if they were to buy back the shares, but I would have thought that now would have been a better time for another insurer to pick up the remaining re-insurance business at bargain prices.

I'm just glad it's heading in the right direction!

[cantab] 05/6/2001 00:33

Is that results day?

I think it's a dangerous game if anyone is buying in hoping for a quick profit after results, but provided the news isn't too bad I would hope to see a little more support and for the price to begin to increase (very) slowly. It looks as though the company are doing their best to get rid of the dead wood, and you would expect most if not all of the bad news to be out fo the way by now.

Ulitmiately I think this might be a share that moves purely on the market sentiment in the short term. It's own prospects still look fairly dismal, but if any level of confidence returns maybe we'll see investors looking to benefit from the current low in PE for this company.

I'm only a small holder in BDK (8,000 shares @ 11p), but it would be nice to see them back in the black (or blue in ADVFN's case!)

[peter shone] 04/6/2001 01:11

Look like a lot of matched bargains apart from the 100k trade, which is the one that probably moved the price. Bear in mind the one hour rule.

THink they ight have a bit of a run up to the 19th?

[cantab] 01/6/2001 13:54

Does anyone have any idea what has been going on with the large trades today? BDK is usually pretty quiet and to see a price increase and reasonable volume is unusual.

I received a letter just over a week ago from a firm of brokers who were offering to send details of their market research, and the company that they mentioned as an exampled of being possibly undervalued was Bradstock. It's not exactly the first company you would think of to market your business as a broker so does anyone else have any views on whether something is brewing?

There's so much talk of takeovers on other threads that I'm not even going to venture the possibility, but mayeb someone out there likes Bradstock's business and sees this as a cheap oppotunity?

No ramping or deramping please, but any speculation or ideas would be welcome.

[brianjane] 29/1/2001 05:56

Ramping this one on moneyextra BB as well eh Tony, 10 out of 10 for trying.

thegrimreaper.

[ydderf] 29/1/2001 05:04

2.3m ongoing is from the Chairman's Statement in the preliminary figures. The company has net cash, Read the annual statement and figures rather than talk taddle.

Interesting that you rely so heavily upon broker forecasts, they are very often wrong, In fact there is very little correlation statistically between one years rate of growth in profits (for any quoted company) and another. Most forecasts are wrong, (someone mentioned Dataflex above - how could that happen ? (LOL) )- fact is forecasting is one area of market pricing inefficiency that private investors can profit from. They are no more or less likely to be right or wrong in their guesses (thats what forecasting is) than 200l pa analysts - or are they........let's see what happens to Bradstock this week !

[ydderf] 28/1/2001 21:17

The question is whether the price over-discounts the risks. Neither the business prospects nor the share price can be considered in isolation. The over estimation of business prospects in relation to the share price is the same mistake at the other end of the spectrum - many tech stocks became over-priced because investors were unable to see that even super-normal profits have to be priced rationally, and related to share price. This business has profits before tax on existing businesses of 2.3m against a market cap of 7m. It has net cash and net shareholders funds. A tech stock with these ratios could be valued (over-valued) at say 100m. The point is, what is a fair price for the risk to reward ratios we know about from the published data. Nobody is pretending that this co is ICI. In my opinion the price has fallen too far, on a combimation of despair and instititutional selling at any price ib order to get out of a company with a tiny market cap. Istitiutions have poor records generally - look at the performance tables. I have a much better record.

[argy2] 28/1/2001 16:57

Note comments by Recruiter on Citybull who deals with Bradstock and is far from enthusiastic.Be very very careful with this one.Negligible net asset position.

[stewjames] 28/1/2001 11:21

But please DYOR for God's sake. This is a very troubled company.

[ydderf] 28/1/2001 10:57

the sells were from an institutional holder ( institutions = bodies who habitually post performance which deviates only slightly from the indices and are usually heavily invested in the likes of Vodaphone - why? becasue it's there!)

now this is a potential x bagger imho dyor phone a friend etc etc - take your pick an easy t-trade or a oak tree about to grow from an acorn - depends if you are a trader or investor I guess

arket cap of 7m, profits of 2.3m and to quote the Chairman on the 12th December " Bradstock today is in a far better financial position than it has been for many years"

[ydderf] 28/1/2001 10:53

Well ken, I think you are now right, although 5 months premature, this stock at last rebounded from a long period of decline and it's low (7.75p) on Friday on heavy volume and looks like it will just keep going. Market cap of 7m, profits of 2.3m and to quote the Chairman on the 12th December " Bradstock today is in a far better financial position than it has been for many years"

[littlebert] 15/12/2000 19:07

....Couple of trades went through today on this troubled stock at 8p, a penny below the sell price..... nothing unusual except they were both for over 3 million shares! Anybody know anything; if sells are from the board this might signal the rats from the sinking (or sunk!) ship.
PH

[ken50] 30/8/2000 04:40

May be seeing the early stages of an upturn in share price.
Any opinions welcomed.

[wildrover] 20/9/1999 07:32

-->Kayak, you are probably right about the T trade, I didn't watch them on Friday, I only picked up the trade as it showed on my stockwatch as the last trade to go through. I doubt they would have risen 4p if 25% of the days trades were a sale at the close. Whatever it was, I'm sure the open today will give some clues. regards WR

[kayak] 20/9/1999 07:23

The 343,000 was a single protected transaction which means it was delayed from sometime during the day. For most of the day the ask was 57p so I assumed it was a buy but you could well be right. Kayak

[wildrover] 20/9/1999 05:51

Wasn't the last transaction a sell of 343000 @ 57p (a T trade). The 250,000 was a buy for PHILLIPS & DREW LIFE LIMITED. regards WR

[kayak] 19/9/1999 22:34

Little action until around 14.00 on Friday, when lots of buying started, in largish chunks (10,000-70,000 shares, plus a 250,000 share buy). Price rose by 7%. Could it be that an announcement is forthcoming? Kayak

[paddyfool] 13/9/1999 08:35

A few months ago this group of London Market Insurance Brokers put out a note saying that there were potential buyers around but that no progress had been made yet. Well I think that progress has been made a source tells me that due dilligence is under way. Unfortunately no indication of what the price might be.