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Real-Time news about Bullough (London Stock Exchange): 0 recent articles
|Bullough Daily Update: Bullough is listed in the sector of the London Stock Exchange with ticker BLGH. The last closing price for Bullough was -.|
Bullough has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 0 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Bullough is £0.
|jone3261: Whatever any of us might be guessing at, the fact is that Montpellier have put together a stake at just under 30%, which is as close as they can be withut making a formal bid. There must be a purpose for it, and yesterday's announcement to the market just after 6.00 pm confirmed the stake at that level - also amongst the Bullough company statement about the contract disposal was the following:-
''After allowing for all costs of disposal, net assets per share at Dec 31
2001 was 45.8 pence.''
Unless there is a touch of 'Andersen' about it, we will have to belive the figures for now. On the face of it, the shareprice does not reflect the 'value' of the assets. I bought in to the company initially for that reason (late last year) and whilst the price has sagged back this week, I'm not sure that the disposal announced this week wasn't actually GOOD news. I also remember reading late last year that this was all expected anyway, and maybe that was why the Montpellier stake was built up - in the anticipation of that event.
Whatever we may speculate at, a threatening stake has been built, NAV is much higher than the share price, and that bid that was talked about late last year still has a good logical reason to be taken forward. I'm not sure that now is the right time to bail out of this one - the price might be volatile, but bearing in mind the NAV, isn't there more upside than downside??|
Bullough share price data is direct from the London Stock Exchange