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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bullough | LSE:BLGH | London | Ordinary Share | GB0001532059 | ORD 20P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | 0 | GBX |
Bullough (BLGH) Share Charts1 Year Bullough Chart |
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1 Month Bullough Chart |
Intraday Bullough Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 25/4/2003 | 11:59 | BLGH - undervalued situatioon | 8 |
| 29/4/2002 | 15:55 | BLGH LOOKING GOOD BUY NOW @22P CAN'T GO WRONG | - |
| 15/4/2002 | 16:20 | Trillium disposal, bid etc. | 2 |
| 20/3/2002 | 12:11 | Reuters suggest bid coming in for Bullough shortly - f | 38 |
| 08/12/2001 | 15:50 | with MPL @ 29.8% , 14/12 offers prime time for bid confirmation | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 25/4/2003 11:59 by sportbilly1 The figures from the final results for continuing operations are as follows:2002 2001 2002 2001 Turnover Turnover Op Profit Op Profit #'000 #'000 #'000 #'000 Workplace Solutions 49,216 62,750 (5,377) (4,712) Temperature Control 19,261 18,493 1,246 1,037 the board has stated that it has received an approach to buy part of the business, which would net more than the offer from Montpellier fro the whole company - £ 6.22 mln If I were the board I would sell Workplace Solns, as this is having a heafty negative effect on the P&L. If they can get > £6.22 mln for this, what are they able to get for Temp Control??, and therefore what would be a fair value for the company as a whole at the present stage?? I am looking to swap my holding in ASC into here, but waiting for ASc to confirm the MBO price first, which I feel could be within the next week or so. I am looking at a reasonable price target here of 30p |
Posted at 24/4/2003 16:04 by sportbilly1 no-one here.this co has had an offer made of 12p a share but are currently in talks regarding ONE division for more than the offer for the whole company !!! IMO definitely a buy with a target of 40p, given that NAV is 48p |
Posted at 17/4/2002 09:10 by dimitry12 price 26 p vs NAV 50p/share |
Posted at 23/3/2002 16:25 by jone3261 I have received the Bullough documents for the vote next month about the disposal relating to the Trillium contract - you can find more about this on the newswires - it makes interesting reading. Bearing in mind the fact that the disposal was talked about before Gylennhammar (through Montpellier) bought into his increased stake late last year, and the bid speculation at the same time, I noted from the documents sent to me in advance of the EGM that the directors have given an irrevocable undertaking to vote in favour of the resolution, and it goes on to say that Montpellier Group (effectively Gylennhammar) ''which holds approximately 29.9% of the voting rights exercisable at any general meeting of the company, has given the company an irrevocable undertaking to vote in favour of the resolution at the EGM'' Taking all into account, I wouldn't want to bet against what might happen next - think about it - a stake is built up to the level just below which a formal bid for the remainder must be made - the potential bidder irrevocable decides to vote for the resolution - the consequences of the vote going the wrong way don't bear thinking about, and with the directors holding 1.9% and Montpellier holding 29.9% that would seems increasingly unlikely - the company's bankers have said that they will have to review the company's borrowing facilities on 15 April if the vote rejects the resolution, but have said that they will continue to provide facilities to meet the companies requirements if the disposal is approved. Bearing in mind the fact that NAV is stated as being above 40p a share if the disposal does go ahead, then these shares at half that price today offer lots of upside - especially so with a 29.9% stake having been built up. What would be the point of a stake at that level, though clearly no bid will happen until after the EGM due to the fact that a 'yes' vote is needed to make the company's future viable. Personally, taking all into account I would expect some action after a yes vote, and on that basis, would be buying rather than selling at this stage - as always, DYOR |
Posted at 13/3/2002 19:29 by 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?? |
Posted at 13/3/2002 14:57 by cleave 211289We all have to start somewhere, the montpellier thing has been going on for a while, and some us did okay when the shares rocketed on a tip back in Jan, but not much since. BLGH are planning, to stop production at their Flexiform site in Bradford and transfer this to Derby, to further cut costs, I just dont see why Montpellier would want to go into manufacturing, unless its the actual land they want for future developing. I have cashed in some of the profits and left a bit in the ring to see what happens, the EGM should prove interesting. |
Posted at 12/2/2002 17:28 by hawkeye10 Have heard that blgh are looking to offload their product procurement business at the end of Feb, this was what they indicated was making the most loss in their interim report, maybe without this albatross, montpellier will make their play!! I think they maybe worth holding on to. Fingers crossed. |
Posted at 01/2/2002 21:15 by jone3261 Interesting comment here - I agree with Hawkeye. Montpellier have as much as they can without launching a bid. No-one would accumulate 29.9% without some intention to go further.I bought in to this one in mid December at 18p on the basis of the Montpellier stake, and the fact that the price then stood at a huge discount to the net asset value per share. There is value in this one, though it took a 'tip' to shake the price higher. Buying on a tip (that is, after the tip is common knowledge) is almost always the wrong time to get in as the price will have been marked up accordingly. I sold half of my holding after the rise with a 60% return, just to protect the profit element on the remainder. I am going to keep the rest as I am sure that there is more action here - however long it takes |
Posted at 28/1/2002 08:55 by skerra BLGH has been tipped for a bid of 55p./share,with a NAV per share of 73p.which is why it has rocketed this a.m. |
Posted at 27/1/2002 13:30 by nulliusinverba Lets hope this 'bid' exitement isn't a bit premature.Towards the end of last year Montpellier's topped up their stake in Cape plc to 29.9%. ( London AFX ). However no bid was forthcoming. Instead, the chairman of Cape stood down, and Montpellier put their own man in as chairman, plus for good measure, another director. Paul Sellars, of Montpellier, said ( London AFX ) " Montpellier's financial commitment is limited to the cost of its holding, and where it can add value for all shareholders through proactive support of management". This is not to say that the shares of BLGH wont go up Monday if enough people believe a bid forthcoming, but I suspect the smart money will be aware of the above. good luck. |
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