Bright Futures Share Discussion Threads

[chaweewan] 01/4/2005 12:00

le turk

So apart from the Shiloh buy - and I do not see how that infuences BRF positively - what else has moved this dreary company mildly upwards?
Everyone seems to have gone into hibernation. I am sure this is another 'Hoodless wonder' I should have sold as a 'capital loss'

[le turk] 22/2/2005 08:30

price moving up and down, somethings afoot!

[tiltonboy] 19/1/2005 17:46

When the price was 4.75p - 5.75p yesterday, there was some healthy B trades at 6p. I picked up 100K yesterday at 5.3p and it didn't budge the price. Nice to see the tick up today.

tiltonboy

[typo56] 19/1/2005 16:07

Check that volume yesterday. Overhang cleared perhaps?

[mackie] 19/1/2005 13:30

Sudden change!
Anyone have any ideas why the sudden hike in price?

[chaweewan] 12/1/2005 10:10

guru11

Despite the amount of OAPs on the streets with their scooters, the only bright aspect of this share is it's name. Sinking persistantly.

[guru11] 07/11/2004 21:13

dell314 - you've crop up here as well. I was just taking a lot at BRF.
However I do agree with the dilution.
The Management has bought shares on the 5th Nov. RNS, but only ploughed £10k into it, which is not too much of a commitment. Still it is 1/3rd of one per cent, which shows £30k would buy 1%. Haven't looked at the results as yet, but the good news is they appear to be in profit.
Worth buying? - I haven't had time to judge.

[specuvestor] 25/10/2004 20:36

Sure, but will the future potential earnings be as high without this placement?
Nothing is ever certain with stocks but with this investment the business should be projected forward more rapidly past break even point where 40%+ gross profit margins come into their own. There are other obvious benefits also such as economies of scale etc. However should this new cash be squandered by bad planning, bad decisions and bad management then yes we will all be worse off as shareholders. Place your bets!

[dell314] 25/10/2004 14:07

Specuvestor - true, it doesn't dilute assets but it is obviously a huge dilution of future potential earnings...

Rgds
dell

[specuvestor] 25/10/2004 14:00

Nimzoi
£870,000 has been injected into the company at more or less the market value of the shares,and a proportionate amount of new shares have been created.
How on earth can this be a dilution?

[nimzoi] 25/10/2004 12:57

Acc to London AFX there is a placing of £870,000 at 6p "to accelerate exising store roll out" Dilution??

[slapdash] 24/9/2004 21:44

Think this company is bust. Another Mike Edelson vehicle as they say. One of the non-execs of Bright Futures is a fund manager (or was) for it - Emma Victoria Edelson. What does that say about Bright Futures.

Tera Group Plc
03/10/2002
-------------------------------------------------------------------------------
Shares in Tera Group (TAG) fell after the investment company announcement ambitious plans to enter the natural resource sector via an acquisition. The troubled internet vehicle appears to have called it a day with its existing portfolio, and provided shareholder authorisation is given, the company will shortly sell its investments to a yet to be named new company, in return for a 49% stake in its ongoing business.

The proposed change in direction comes as a result of what the London based outfit describes as 'difficulties in the technology sector', coupled with Chairman Michael Edelson's belief that Tera cannot achieve significant returns in the short term if it continues on its present course.

Recently Edelson received an approach from a group of investors involved in the natural resource sector, who indicated their intention to provide further finance if Tera considered some mining investments. The company is currently considering a number of these, which it intends to pursue if shareholders approve a series of resolutions at a forthcoming EGM.

"This is a good opportunity for us," Edelson insisted this morning. "If the resolutions are approved it will steer the company in a new direction. The slow recovery of the technology sector has meant that we have had to explore other avenues in order to provide shareholders with increased value."

Meanwhile Tera is proposing a complicated restructuring of the share capital, an exercise which will soon accompany a rights issue. Shares are currently trading 4% lower at 0.13p.

[slapdash] 15/9/2004 16:04

true... although I think prospects for the group are positive on the whole.. what happens between now and the finals in May... share price drift???

Also what if the company announces it needs cash to fund the expansion - rights issue at a low-price which will depress the share price further.

So short/medium term not that bright although hopefully over the long-term things should be good.

Slapper

[tiltonboy] 15/9/2004 15:59

Disappointing to see another seller come out of the woodwork, and worrying that he still has 2.22m left.

tiltonboy

[slapdash] 15/9/2004 15:45

that's positive. However, not so sure about the generous share option scheme. With options for award at 5p not really difficult to reach the bar. And the amount at 1.3m is about 4% of the company. So lets say the share price is 20p our CEO gets about 3% of the company for nothing.

Saying that it should focus his mind on delivering the goods over the next few years. Although hope the finance director doesn't get too many options as soon their may not be much of the company left for the rest of us shareholders!!!!

Slapper

[tiltonboy] 15/9/2004 13:16

The new FD appointment looks a good one. He appears to have a proven track record in retailing, and looks to have the requisite qualifications to move BRF forward.

I've added a few more today at 6.8p, and hope, now that the FD situation has been resolved, that we can start a push northwards.

tiltonboy

[slapdash] 10/9/2004 19:23

I have to admit I have turned negative on this stock. The former financial director has sold his stake. A large holder sold his stake. The interims were disappointing. Cash is reaching a low and there may need to be a deeply discounted rights issue if they choose to expand. The company has lacked direction selling off divisions here and there and not really appearing to know where it best adds value.

IN THE INTERIMS THEY COMPLAINED OF INCREASED COMPETITION

This has to be a long-term worry as people like argos get involed in the segment. The net margin for the company is only about 4% meaning any margin pressure and its curtains.

Furthermore, what have they actually done since floating 2 years ago? Not much to produce any profits or justify the initial float price of 20p.

Lastly, on corporate governance the CEO just awarded himself options at 5p for about 4% of the company. And Finance Director leaving doesn't exactly inspire confidence.

Reading the interims and nothing much has changed since the last interims. Turnover actually fell.... And the cash is fast running out with operating cash outflow at £135K and net cash out flow at £208K. How much longer can the group hameorage cash like this in a six month period. Cash at bank is only £270K!!!!!!!!!!!


On the earnings per share the figure came in at a pathetic 0.06p against the share price of 7p. I.e. a P/E ratio of over 100.

Could it be no bright future for this company? But please do let me know why I'm wrong and what they have actually achieved since all the bright promises since flotation...

My guess is the share price will start to move down slowly to reflect fundamentals and the big overhang as market makers react to the huge sell orders put through.

Slapper

[slapdash] 09/9/2004 12:54

Well I can't even begin to understand these goings on...

Is anyone losing faith with the company? Because all these dealings make it

seem a little like a banana republic..

Think I will just hold for a year and see how it all goes

S

[tiltonboy] 09/9/2004 11:13

topvest,

The ex FD. He left the company months ago.

tiltonboy

[topvest] 09/9/2004 10:51

FD just sold 4m shares. Not exactly a vote of confidence!

[slapdash] 08/9/2004 21:53

Well progress for this company has certainly been at a snails pace... last years interims look identical to this years....

Are they ever going to do anything.. There was promise of a web site but that hasn't happened.

Perhaps they are all going on the pull in Wolverhampton - not an enticing prospect...

Slapper

[slapdash] 08/9/2004 18:23

Interesting...

RNS Number:7644C
Bright Futures Group PLC
08 September 2004


Bright Futures Group Plc (the "Company")

On 8 September 2004, the Company was notified that on 7 September 2004, Hoodless
Brennan & Partners Plc ("Hoodless Brennan") acquired 3,000,000 ordinary shares
of 5 pence each in the Company. On 7 September 2004, Hoodless Brennan
subsequently disposed of 592,000 ordinary shares in the Company. As a result, at
close of business on 7 September 2004, Hoodless Brennan had a holding of
2,408,000 ordinary shares representing approximately 7.22 per cent

[tiltonboy] 08/9/2004 08:43

Slapper,

MM's don't take 10m shares. One side of the equation is obviously a buyer, and the other 3m is a duplication. My take is that 4m were sold, 3m were broker to broker, then that 3m was passed on in a delayed trade, possibly to a "bucket shop". The market have probably taken the other 1m shares.

tiltonboy

[slapdash] 07/9/2004 18:25

Flipping heck 10million shares were sold today which is one third of the company....

This will presumably drag down the stock price over the long-term???

I.e. someone posted sayiing they may have been placed with someone but there is no buyer on the trade screen so I guess not...

Slapper