BWA Share Discussion Threads

[alexicacon] 16/2/2004 11:41

Experienced directors should have a chance of pulling a deal together. So I'm just watching and waiting for the right time to get in.

[nissi beach] 16/2/2004 11:08

looks like one mm bailed out the other bit early for tree shake though

[wole] 16/2/2004 10:57

Nice one MMs. You played another fast one again! You're sooo good at this game!

[dell314] 16/2/2004 08:48

Further fundraising is likely and personally, I would like to see further details of the solution to the CVA and the consolidation.

When appropriate, the Directors may consider a further fundraising to provide
additional resources for the Group ahead of such an acquisition.


Don't see why this should particularly warrant a re-rating(there are many shells around), although the pump'n'dumpers may try a MM squeeze...

Rgds
dell

[kingcnut] 16/2/2004 08:41

You just do your research and make your choice. You could buy a blue chip and the next day they announce a profit warning. Every stock is a gamble.

Regarding BWP, market cap is about 420k, they have 250k in the bank plus whatever the listing is worth. They may not go up but imho they are about as low as they will get. So the only way is up and they have a full 2 years to do it.

[kingcnut] 16/2/2004 08:18

BWA in brief;

BWA was the husk into which the meat of a £250,000 (net) placing at 2p per share was injected, the previous, provision of aircraft engineering interests, having ceased rather ignominiously by way of a CVA. The creditors' and shareholders' agreement was necessary to the reflotation process - and was obtained. The move from the Official List to AIM took place in December 2003.

Now an experienced prize crew paces the deck and scans the horizon for a suitable acquisition target. Merchant Capital Group, which is the company's Financial Advisor, have provided two of the four directors - Peter Redmond and Richard Armstrong.

[sue helen] 16/2/2004 08:09

BWP

BUY BUY BUY! very illiquid / low market cap / price will move easily and they guarantee you will left holding the baby

thanks for the email double6 but no thanks

Sue

[nissi beach] 16/2/2004 08:05

dell must not have anything negative to say so no post!

[sue helen] 16/2/2004 08:01

where is dell?

[nissi beach] 16/2/2004 08:00

nice research wole swift markup by scap will wins follow

[wole] 16/2/2004 07:57

Looks like the MMs have caught wind of the new speculation.
Could be interesting today.

[nissi beach] 15/2/2004 17:15

Voyager2000

the 40K was mine

[double6] 14/2/2004 14:56

dell - awaiting your comments here too please - I believe the heading is accurate !

[wole] 13/2/2004 20:25

Interesting to find out that Savoy Investment Management Limited have a 17% stake in FIV, and a 20% stake in FTI, both run by the guys running BWP. No wonder Fiske's been happy to help them bring these companies to the AiM.
Their resume's are quite impressive also.

[double6] 13/2/2004 19:36

So the Market Cap is 400k then ??

Anyway, back to the original question - thoughts as to the future for this company please ??

A few apparent buys today - some people are interested...

[voyager2000] 13/2/2004 18:10

Opthalmist you first worked out 50m shares at 2p equals 10m, whilst actually you have to divide 50m pounds by 50, which equals 2m. As we later find out from Wole and my post the shares in issue is much less which equal what Yahoo Finance states. You need to do further research of your own to deciede whether your with us or not on Monday.

[wole] 13/2/2004 18:07

£0.4mln mkt cap = 17,966,627 Ordinary Shares by 2.25p mid price.

[opthalmist] 13/2/2004 18:06

Ok, £420k it is..

[wole] 13/2/2004 18:04

Opth - check bottom of Admission To AIM RNS.
States "Note: There are 17,966,627 Ordinary Shares of 2p each in issue."

[voyager2000] 13/2/2004 18:04

Placing

Fiske, on behalf of the Company, has conditionally placed 15,500,000 Ordinary
Shares at a price of 2p per share which will represent 86.27% of the enlarged
issued share capital of the Company after the Placing. A total of #310,000 will
be raised in the Placing which will leave an amount of approximately #242,500
after deducting expenses of the Placing, Admission and pre-Admission expenses
including certain residual expenses of the CVA. The Placing is conditional upon
Admission.

How much is 15.5m shares (86.27% of company) at 2p work out at. Well 15.5m shares at 10p each is 1.55m, divide that by 5 and we have 300 and odd K. Therefore the market capital with the other 14.73% must be what it states 0.42m.

[opthalmist] 13/2/2004 18:03

From last results RNS:

LOSS (3,797,871)

LOSS PER ORDINARY SHARE (basic) - (0.7)p

=> Therefore number of shares = 3797871/0.07 = 54,255,300

=> At 2.25p, Market Cap = 54,255,300 * 0.0225 = £1,220,744

[wole] 13/2/2004 18:01

Might be interesting on Monday if peeps start buying...

[wole] 13/2/2004 18:00

Sorry, just found on Admission RNS: almost 18mln shares in issue, so today's buys represent almost 1%...