Emblaze LD (DI) Share Discussion Threads

[landsker] 15/8/2014 14:37

that tempus guy puts on a sell rec with false technical informaton possibly causing a fall in the share price, surely this is wrong, if i was one of the bsd directors i would be on the blower to the times complaining about it

[waterloo01] 15/8/2014 09:36

Interesting. EGM all about getting employment contracts sorted. Guess that's why they are still in a closed period and can't do some buy backs. Once they have this done, I'm sure they will use some of the cash for that.

[drinkscotch] 15/8/2014 08:17

Is old Eli still on board? those were the days...ahead of the time was GEO

[grahamburn] 14/8/2014 19:55

MoneyMan18. Thanks for highlighting my complete mental block (BDS rather than BSD in 37038). No idea how that happened, especially as I've been quite happily reading BSD RNS's via Morningstar and looked at holdings on both SelfTrade and NatWest.

Old age, perhaps, or possibly total loss of brain power due to my association with this company from its GEO Interactive days in the late 1990s right through its highs and lows and reincarnations. (My brain power has sapped away since 2001!)

Now added BSD to monitor and portfolios on advfn. Once again thanks for pointing it out - and doing so without any pointed remarks about my mental block.

[waterloo01] 14/8/2014 19:35

Thanks Hedgehog. I can think of some even murkier dealings when it comes to this lot, but a bit like when they bought Formula, hope they can make at least one good purchase, even if WILC isn't it! As long as whatever it is is revenue earning and profitable, eventually this will shake it's past and be a steady earner (and appropriately valued).

Topped up today for my sins.

Edit: Tempus has cash quite wrong. BSD has around $60m as does WILC directly.

[hedgehog 100] 14/8/2014 18:41

waterloo01 12 Aug'14 - 12:12 - 37028 of 37040 0 0
"Does Tempus mention it's sitting on it's market cap in cash? Probably not.
All depends on what they buy next (but have stated will be revenue earning and profitable) and some buying (which has been completely absent)."


Waterloo,

It did state the cash, but not the market cap. (which ADVFN shows as £34.1 million at 31p).

From "THE TIMES", Tuesday August 12 2014, in full (by Nic Fildes, Tempus):

"EMBLAZE

Revenue $28,000 Cash $15.2m

Geo Interactive Media was arguably the biggest beneficiary of the tech boom in Britain. The AIM-quoted Israeli video streaming specialist was the fastest growing stock in London in 1999 when the shares shot up from 22p to £35 on the hope that people would be looking at their phones, not listening to them, in the future.

The vision was spot on but things went badly awry and its value crashed. It adopted the name Emblaze to turn over a new leaf. Once again the company's vision was correct after it launched phones that included a digital camera, a music player and a video recorder way back in 2002.

However, it has been downhill ever since and the stock now struggles around the 31p mark. Some investors held on to see if Emblaze could win a huge video streaming patent complaint against Apple, which could have yielded $577 million in damages. A jury, however, ruled against it last month.

Bizarrely, Emblaze, now little more than a cash shell, engineered a reverse takeover of a kosher food company Willi-Food this year. What a pickle for investors.

No wonder Emblaze has once again attempted to engineer an identity change after announcing it will be known as BSD Crown.

MY ADVICE Sell

WHY Name change won't paper over the cracks"


Please note the following thread which may be of interest:

THE REVERSE TAKEOVERS & SHELLS THREAD (RTO)

[waterloo01] 14/8/2014 15:00

It's in my accounts as BDS. Changed automatically. No idea about ADVFN.

Landsker, agree big mismatch driven by small holders getting out after long suspension, change of business and Apple case. Would be a very good time and use for the company cash (which after all is being valued at zero) to do some hefty buy backs.

[grahamburn] 14/8/2014 14:33

In spite of the announcement last Friday relating to the new ticker of "BDS", there was not the promised confirmation of this being active/operative/effective on Monday, nor one to date.

advfn is not recognising BDS as an EPIC either, even though Morningstar RNS alerts are popping into my email inbox with the new EPIC without me even revising my email alerts with them (ie Morningstar have automatically substituted BDS for BLZ).

Any thoughts on this?

EDIT (3.00pm)
Just checked on Selftrade and NatWest Stockbrokers. On the former BDS is recognised, but without a price showing, whilst on the latter BDS is also recognised with a mid price of 25p!

[landsker] 14/8/2014 11:14

down almost 40% now since the relist, you would expect a company to make a comment on a fall like that

market cap 30 million , cash 82 million with a profitable food company thrown in

how is that not a good buy, only an idiot would say goodbye

fill your boots

[moneyman18] 13/8/2014 17:48

Seems like this was brought in order to offload some of the BLZ cash


Whats next I wonder ?

[waterloo01] 13/8/2014 15:23

Also known as this was in the prospectus.

[landsker] 13/8/2014 14:34

a company mainly linked to israel and the ukraine, hardly likely to be flavour of the month is it, the times rec was wrong, this is a screaming buy based on the cash, the willi food news is irrelevant

[cheeky13] 13/8/2014 14:05

And a profit warning tofinish off with.The report in the times yesterday was spot on. I`m so happy.

[m welsh] 13/8/2014 12:54

B.S.D. CROWN LTD - Company Update
Date: 1:41 pm, 12 Aug 2014

B.S.D. CROWN LTD - Company Update
PR Newswire

London, August 12

B.S.D Crown Ltd (LSE:BSD)

("BSD" or "the Company")

Company Update

G. Willi-Food International H1 Reports

Tel Aviv, Israel, 12 August, 2014

G. Willi-Food International H1 Reports

The Company announces that G. Willi-Food International Ltd. (NASDAQ: WILC)
published its H1 results today, 12 August, 2014. These results can be accessed
on the NASDAQ website (www.nasdaq.com) through ticker code WILC and are copied
below in full.

The Company owns shares representing approximately 62.21 per cent. of
Willi-Food Investments Ltd.'s fully diluted issued share capital and Willi-Food
Investments Ltd. in turn owns 56.31 per cent. of G. Willi-Food International
Ltd.'s fully diluted issued share capital.

Further information about the Company

For more information about the Company, visit www.emblaze.com.

Enquiries:

Eyal Merdler, CFO: [e-mail]




FOR IMMEDIATE RELEASE

G. Willi-Food Reports H1 2014 sales down 0.5% FROM H1 2013 sales

Net Cash from operating activities of US$ 6.1 million in Q2 2014

YAVNE, Israel - August 12, 2014 - G. Willi-Food International Ltd. (NASDAQ:
WILC) (the "Company" or "Willi-Food"), a global company that specializes in the
development, marketing and international distribution of kosher foods, today
announced its unaudited financial results for the second quarter and the
six-months ended June 30, 2014.

Second Quarter Fiscal 2014 Highlights (income statement highlights compared to
same period last year)

* Sales decreased 6.2% to NIS 79.2 million (US$ 23.0 million);

* Gross profit decreased 5.8% to NIS 20.6 million (US$ 6.0 million), or 26.0%
of sales;

* Operating income decreased 32.8% to NIS 5.6 million (US$ 1.6 million), or
7.0% of sales;

* Net income decreased 43.9% to NIS 4.4 million (US$ 1.3 million), or 5.5% of
sales;

* Earning per share of NIS 0.34 (US$ 0.10);

* Net cash from operating activities of NIS 20.9 million (US$ 6.1 million);
and

* Cash and securities balance of NIS 217.2 million (US$ 63.2 million) as of
June 30, 2014.

Willi-Food's operating divisions include Willi-Food, a distributor of a broad
variety of kosher foods, and its wholly-owned Gold Frost, a designer, developer
and distributor of branded kosher innovative dairy food products.

Second Quarter Fiscal 2014 Summary

Sales for the second quarter of 2014 decreased by 6.2% to NIS 79.2 million (US$
23.0 million) from NIS 84.4 million (US$ 24.5 million) recorded in the second
quarter of 2013. Sales decreased in the second quarter of 2014 primarily due to
a decline in consumption in food products by the Israeli consumer.

Gross profit for the second quarter of 2014 decreased by 5.8% to NIS 20.6
million (US$ 6.0 million) compared to NIS 21.8 million (US$ 6.4 million)
recorded in the second quarter of 2013. Second quarter gross margin was 26.0%
compared to gross margin of 25.9% for the same period in 2013. The decrease in
gross margin in the second quarter of 2014 was primarily due to the decreased
sales.

Willi-Food's operating income for the second quarter of 2014 decreased by 32.8%
to NIS 5.6 million (US$ 1.6 million) compared to NIS 8.3 million (US$ 2.4
million) recorded in the second quarter of 2013. Selling expenses increased by
15.7% from the comparable quarter of 2013, primarily due to an increase in
promotion expenses as well as vehicle and transport expenses. Selling expenses
as a percentage of sales increased in the second quarter of 2014 to 13.1%
compared to 10.6% in the second quarter of 2013. General and administrative
expenses remained the same as in the second quarter of 2013, although an
expense of NIS 0.5 million (US$ 0.14 million) related to options granted to the
Company's Chairman, President and CEO in November 2013, was recorded in the
second quarter of 2014. General and administrative expenses as a percentage of
sales increased in the second quarter of 2014 to 5.8% from 5.5% in the second
quarter of 2013.

Willi-Food's income before taxes for the second quarter of 2014 decreased by
44.7% to NIS 5.7 million (US$ 1.7 million) compared to NIS 10.4 million (US$
3.0 million) recorded in the second quarter of 2013.

Willi-Food's net income in the second quarter of 2014 decreased by 43.9% to NIS
4.4 million (US$ 1.3 million), or NIS 0.34 (US$ 0.10) per share, from NIS 7.8
million (US$ 2.3 million), or NIS 0.60 (US$ 0.17) per share, recorded in the
second quarter of 2013.

Willi-Food ended the second quarter of 2014 with NIS 217.2 million (US$ 63.2
million) in cash and securities net from short-term debt. Net cash from
operating activities for 2014 second quarter was NIS 20.9 million (US$ 6.1
million). Willi-Food's shareholders' equity at the end of June 2014 was NIS
377.5 million (US$ 109.8 million).

First Half Fiscal 2014 Highlights (compared to same period last year)

* Sales decreased 0.5% to NIS 174.20 million (US$ 50.7 million);

* Gross profit decreased 2.9% to NIS 42.0 million (US$ 12.2 million), or
24.1% of sales;

* Operating income decreased 31.3% to NIS 12.0 million (US$ 3.5 million), or
6.9% of sales;

* Net income decreased 28.4% to NIS 11.5 million (US$ 3.3 million), or 6.6%
of sales; and

* Earning per share of NIS 0.88 (US$ 0.26).

Six-Month Results

Willi-Food's sales for the six-month period ending June 30, 2014 decreased by
0.5% to NIS 174.2 million (US$ 50.7 million) compared to sales of NIS 175.0
million (US$ 50.9 million) in the first half of 2013. Gross profit for the
period decreased by 2.9% to NIS 42.0 million (US$ 12.2 million) compared to
gross profit of NIS 43.2 million (US$ 12.6 million) for the first half of 2013.
First half 2014 gross margins were 24.1% compared to gross margins of 24.7% in
the same period of 2013.

Operating income for the first half of 2014 decreased by 31.3% to NIS 12.0
million (US$ 3.5 million) from NIS 17.5 million (US$ 5.1 million) reported in
the comparable period of last year. First half 2014 income before taxes
decreased by 27.2% to NIS 15.5 million (US$ 4.5 million) compared to NIS 21.3
million (US$ 6.2 million) recorded in the first half of 2013. Net income for
the first half of 2014 decreased by 28.4% to NIS 11.5 million (US$ 3.3
million), or NIS 0.88 (US$ 0.26) per share, from NIS 16.0 million (US$ 4.7
million), or NIS 1.24 (US$ 0.34) per share, recorded in the first half of 2013.

Business Outlook

Mr. Zwi Williger, Chairman of Willi-Food, commented, "Although store visits
remained steady, consumption of food products by Israeli consumers continued to
decline sharply for the second quarter in a row, causing our second quarter
sales to decline by 6.2% from the second quarter in 2013. Despite this decline,
we were able to maintain gross margins of 26%. The Israeli economy has been
negatively impacted in the third quarter by Operation Protective Edge, a
military action launched by the State of Israel on July 8, 2014 in the
Hamas-controlled Gaza Strip. As a result, we expect economic uncertainty to
continue which, coupled with other changes in the Israeli market and ongoing
consumer pressure for price reductions, will likely negatively affect our
results in near future. As a result, we do not expect to meet our budget for
the third and fourth quarters of 2014."

Mr. Williger concluded, "While this period of consumer belt-tightening
continues, our challenge for the forseeable future will be to better manage our
expenses, in particular the cost of our products and selling expenses, in order
to provide consumers with the lower cost products they desire. In this way, we
hope to maintain our customer base both in the retail and wholesale markets
during these difficult times for the food industry."

From Barclays site today, everything decreased !!!

[colinhy] 13/8/2014 08:48

nasdaq.com August 12, 2014

These stocks have analyst recommendations of "strong buy"-and they're undervalued

We decided to run a screen focused on predictions. In the case of stocks, these tend to come in the form of analyst recommendations. Analysts extensively research companies and industries in order to gain a reasonable idea of a company's potential trajectory. This is why many investors value their input in the first place.

To begin, we screened for stocks with an average analyst recommendation of "strong buy." This means that the stocks have been given a rating of 1 or greater but still less than 2. A "buy" means a stock's rating falls within the 2 range, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range.

Since analysts make predictions for a stock's future earnings per share ( EPS ), we decided to screen for that too. Specifically, we screened for stocks with high EPS growth projections of 25% or greater for this year and next year.

Finally, we narrowed down that group to our following list by screening for stocks that are undervalued with a price/earnings to growth ( PEG ) ratio equal to or less than 1 .

We were left with four stocks on our list. Do you agree with the analyst recommendations for these stocks? Use this list as a starting point for your own analysis, and let us know what you think in the comments.

4
G. Willi Food-International Ltd.

Engages in the development, manufacture, marketing, import, export, and distribution of various food products worldwide. Market cap at $96.13M,

Analyst recommendation is 1.

EPS is expected to grow by 33.30% this year and 54.10% next year.

[moneyman18] 12/8/2014 23:43

well its in the 20's

[landsker] 12/8/2014 12:24

who writes the tempus column, another lazy hack i guess, will write to him when this is 50p and remind him

and according to that column they only have 10 million quid in cash, ill informed prats should get their facts right

[waterloo01] 12/8/2014 12:12

Does Tempus mention it's sitting on it's market cap in cash? Probably not.

All depends on what they buy next (but have stated will be revenue earning and profitable) and some buying (which has been completely absent).

[grahamburn] 12/8/2014 11:56

Brief resume of the company's chequered history in the Tempus column in The Times today. Its conclusion is that the name change and change of direction doesn't alter the company's prospects - so the recommendation is "sell".

[moneyman18] 11/8/2014 20:55

Shame the Market still see's nothing positive

[grahamburn] 11/8/2014 17:26

I suppose BSD (Emblaze) effectively had to appeal the Apple ruling. If it hadn't that might have adversely affected the Microsoft hearing.

[waterloo01] 11/8/2014 16:17

Microsoft case ongoing. Claims construction from a couple of weeks ago.

[waterloo01] 11/8/2014 07:24

BSD crown??

Good to see them refile on the case (not dead yet) as the results were quite odd in the patent being confirmed as valid. The $600k Apple seeking is a surprise, beatable but not as massive as it could have been. In the scheme of things not a big issue.

Hopefully might see some support at this price. Nuts to be trading with $60m cash valued at nothing!

[cjohn] 08/8/2014 08:19

I've started buying more. A clear pricing anomaly.