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BSP

Black Sea Property Plc

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0.00 (0.0%)
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Share Name Share Symbol Market Type Share ISIN Share Description
Black Sea Property Plc AQSE:BSP Aquis Stock Exchange Ordinary Share IM00BYQLTS50
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.00 -
Bid Price Offer Price High Price Low Price Open Price
Last Trade Time Trade Type Trade Size Trade Price Currency
- 0 EUR
Black Sea Property PLC is a real estate company with a focus on investments in Bulgaria. The Board is seeking to create a diverse portfolio of opportunistic and value-added assets and may look at opportunities and investments in neighbouring countries.

The Board will seek to invest in:

Distressed residential projects, primarily in the largest cities in Bulgaria, which are close to completion and capable of generating sales revenue within 12 months from the initial investment;

Commercial buildings, primarily in Sofia, with opportunities to improve occupancy;

Hotels and holiday homes with opportunities to improve operations and cost structure; and

Distressed companies and assets that need restructuring and further financing, capable of offering a high growth potential.

The targeted size of each individual investment is anticipated to be in the range 5-20 per cent of the overall funds under management. The Company intends to use gearing levels of up to 70 per cent loan to value when acquiring real estate assets

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Posted at 11/1/2013 10:56 by brando69
KNIGEL 18 Dec'12 - 18:58 - 3760 of 3767 0 0

Bit difficult when the share price is 4.75p - it has to be 0p to lose the lot


Looks like that might be about to happen, I'm afraid...

Posted at 18/12/2012 18:58 by knigel
Bit difficult when the share price is 4.75p - it has to be 0p to lose the lot
Posted at 21/11/2012 16:01 by gra69
20 million BUY and share price taken down to meet size and price!

GRA

Posted at 29/10/2012 11:01 by bobs good eye
Fens - I've seen many times where a placing has pushed the price up due to removing funding risks and the share price not retraced to the placing price.

Depends how many you're looking to get hold of. Online sell limit today has been steady at 250k. Buy limit at the moment is 225k @ 5.46p but only 10k available when offer dropped to 5p. I'm still of the mind that someone is accumulating here. Probably fans of LJ. Time will tell.

Posted at 24/10/2012 18:52 by bobs good eye
Another 250k late reported buy. Looks like available stock has all been taken up. These are clearly not your usual BSP punters looking for a few pence on the share price so wouldn't expect any serious selling anytime soon unless the converted bondholder is looking for an out.
Posted at 23/10/2012 08:22 by longshanks
There certainly was dumping on an industrial scale in the early part of the year and the price suffered as a result but you can't necessarily equate past performance or behaviour with current.

We have this bond holder converting but there is nothing to say that they will want to sell at any price nor that they will want to sell at all. Perhaps they may even see this as the last opportunity to get a good conversion rate prior to the share price climbing closer to NAV and for that NAV to recover too.

I bought when I saw the price as being cheap enough to make it a good punt. I still see it as cheap enough to make it worthwhile betting a few quid. Esp. now we have a seasoned investor as our non-exec Chairman who has been rather successful in ventures similar to core investments held by Brainspark.

If anything it looks to me like the BoD have done a successful "beauty parade" to encourage some investors to buy up the slack on the market. I doubt we will see 10p soon - but holding 5p and perhaps even appreciating to 7p or 8p would be a good objective for the next 6 months whilst we complete some of the pending strategic deals.

Posted at 20/10/2012 05:38 by loverat
Can't see that MRM is a disaster. The share price is down but where is the disaster? Anyway the investment of Luke Johnson in BSP briefly mentioned in yesterday's London Evening Standard. He has a good following and credit to this board for getting someone like him.
Posted at 19/10/2012 08:09 by marab
So with the new placing BSP has enough cash to move forward, and the sale of the commercial zoned land will be an unexpected bonus. Placing level is robbery imo but still leaves a NAV at least double the current share price with new management to move things along on a more professional basis. Are we more likely to get some sort of special dividend on the sale of Mediapolis now that the directors have increased their share holdings by so much?
Posted at 18/10/2012 18:17 by scientologyweirdo
24th April 2012

The Directors of Brainspark have noticed a sharp decline in the Company's share price since the start of April and know of no reason for this. Further, they wish to reassure shareholders that day to day operations continue as normal and the Company has sufficient cash in the bank to fund operations until the conclusion of the Mediapolis / Sorgente land sale.

IF THEY HAVE SUFFICIENT CASH, WHY ARE THEY ISSUING SHARES ?

The Board also wishes to reassure shareholders that any future issue of new shares or raising of cash will only be in relation to the acquisition of, or investment in, new companies for the investment portfolio.

The Company is currently negotiating with a number of new companies in the real estate and leisure sectors and hopes to announce the investment in one or more of these in due course. The new investments will be paid for using Brainspark ordinary shares at a price not less than 15 pence.


THEY CLAIMED THEY WOULD ONLY ISSUE SHARES FOR NEW COMPANIES AND THEY WOULD NOT ISSUE AT LESS THEN 15p

LIKE IT OR NOT THEY ARE INVESTING IN OLD COMPANIES AND ISSUING AT LESS THAN 15p

Posted at 23/9/2012 19:05 by scientologyweirdo
Some reminders for those naive and gullible enough to invest in BSP...

24th April 2012

The Directors of Brainspark have noticed a sharp decline in the Company's share price since the start of April and know of no reason for this. Further, they wish to reassure shareholders that day to day operations continue as normal and the Company has sufficient cash in the bank to fund operations until the conclusion of the Mediapolis / Sorgente land sale.

IF THEY HAVE SUFFICIENT CASH, WHY ARE THEY ISSUING SHARES ?

The Board also wishes to reassure shareholders that any future issue of new shares or raising of cash will only be in relation to the acquisition of, or investment in, new companies for the investment portfolio.

The Company is currently negotiating with a number of new companies in the real estate and leisure sectors and hopes to announce the investment in one or more of these in due course. The new investments will be paid for using Brainspark ordinary shares at a price not less than 15 pence.


THEY CLAIMED THEY WOULD ONLY ISSUE SHARES FOR NEW COMPANIES AND THEY WOULD NOT ISSUE AT LESS THEN 15p

LIKE IT OR NOT THEY ARE INVESTING IN OLD COMPANIES AND ISSUING AT LESS THAN 15p

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