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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Brightside | BRT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 24.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 24.50 |
| Top Posts |
|---|
Posted at 13/3/2014 08:12 by this_is_me Just sitting on the 20p level, which seems to be a key level for BRT. |
Posted at 17/12/2013 19:51 by danieldruff2 I'm surprised nobody has mentioned the Edison note of yesterday. It's broadly positive but also predicts net debt of 32 million suggesting that Brightside will therefore need use of bank facility plus overdraft facility, and they throw a question mark over their dividend prediction. Worth a read.www.edisoninvestment |
Posted at 04/12/2013 16:16 by this_is_me It was nice to get the dividend into the bank this morning. |
Posted at 28/11/2013 16:15 by capt bligh I think his is pretty good news for BRT today... a very muted response pricewise so far... |
Posted at 18/9/2013 09:02 by 0rb1t Definitely not a straight forward situation. There has been plenty of cash outflows with sorting out the Southern Rock situation. BRT recently bought the freehold of their main building in Cardiff. It's good to see that the dividend is still maintained. They could use any spare cash to self-fund the Panacea load book. So I wouldn't expect share buy backs as well at the moment. BRT state that profit after tax will be 15-20% below last year. Last year basic EPS was 2.8p. So it could be 2.2p this year. Also considering that premiums are 10% lower this year then that isn't so bad. Next year all the affinity policies start earning. So growth really depends on whether BRT can secure attractively priced underwriting capacity going forward. |
Posted at 12/9/2013 16:53 by grahamg8 Who does FD Paul Chase-Gardener work for? After reading through the 2012 FY results and the 31 July 2013 trading update I had to wonder whether he is actually operating contrary to the benefit of the BRT shareholders.In case you didn't know or had forgotten PC-G controls Southern Rock and BRT has paid £7m to them during the past few months. Now I might be accused of being a conspiracy theorist but is this series of deals really in BRTs best interests or is it all about PC-G lining his own pocket. Now I completely understand why Markerstudy walked away. Perhaps that was the idea all along. Create a poison pill to scare off the bidders. It has certainly worked but the cost to the shareholders may be very high in the long run. |
Posted at 11/9/2013 12:56 by sammy_smith Brightside Group (BRT) - Response to announcement by Markerstudy Holdings Click the link below to listen |
Posted at 09/9/2013 22:09 by briangeeee Yes, IIRC according to the current board it was because of a difference of opinion on whether to move into underwriting.The Markerstudy statement today just seems absurd. Sure they want to get the company cheaply, but at the same time as making a ridiculously low-ball indicative offer, they're making a bunch of demands. I assume BRT will simply issue a simple statement saying that the offer is not recommended, and get on with life. This bid will have done nothing for investor sentiment however, and raises questions about the current board, strategy, and prospects. From their recent investor video: "The team behind Brightside Group PLC heads up one of the fastest growing insurance broking and financial services operations in the UK". If truthful, the current valuation is low. |
Posted at 09/9/2013 18:20 by marben100 ISTM that Markerstudy is trying to strongarm the company and shareholders.It is a key provider of underwriting capacity to BRT and is pointing out that insufficient underwriting capacity is holding the company back - implicitly threatening to constrain the company's revenues. It is now up to the company's management to demonstrate that they can find alternative underwriting capacity and that they can grow earnings and dividends. I hope to see a robust response to Markerstudy's announcement. I only have a small position here at present, so am happy to sit this out & see what the company comes up with. The ball is very much in Martyn Holman's court. Cheers, Mark Twitter @marben100 |
Posted at 31/7/2013 07:53 by el1te It could be either way round:1. BRT knew that results for the FY will fall (saw something in the BBC the other day saying how car premiums were falling) and so encourage the takeover 2. The takeover idea was discussed first and this makes it more likely considering the originally low offer I'll see where the market opens. If the market does expect an offer then the share price should not fall below 27p. It's a double edged sword though because if it does fall below 27p then I will hold on. BRTs management obviously knew of the trading statement contents so perhaps that is why they put the 27p figure in the RNS yet Markerstudy didn't. (to protect shareholder from a large fall today?) El1te |
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