B.s.d Crown Share Discussion Threads

[waterloo01] 30/7/2015 16:36

Sladdjo, if I'm in town then yes, but not sure of plans just yet. I've a lot of questions for the new man, assuming he attends!

[sladdjo] 30/7/2015 11:37

Thanks for the heads up on WILC Waterloo. I'm aiming to attend the EGM. Do you thin that you'll make it into town?

[waterloo01] 30/7/2015 09:52

Highlights

The trend for kosher food has grown at a 15% annual rate in the past ten years in the United States. It is expected that the trend will continue growing at a faster rate with time. WILC has talked about expanding into the North American market for years now. They have more than enough cash on hand to expand, and if they do they can play the growing kosher trend in the US. If the former happens, this could be the catalytic event propelling the share price of WILC. I would expect it to be north of $6.99/share if the expansion materializes.
Cash equals 78% of the market cap at the current price. The current price is a 26% discount from the NCAV. If the company was not profitable and FCF positive, I generally would say there is not a significant margin of safety. Since the company is profitable and FCF positive, the not-as-low-discount from the NCAV can be warranted for a secure investment.
One feature that I did not like about WILC at all is its management team. First they don't let investors know how much they are getting compensated. Also, in the past management has made insinuations at expanding into the US (this has been going on for years). There are some bears against WILC pretty much saying that WILC is a value trap. If you look at the balance sheet there is a ton of cash that needs to get put to work. If management does not invest this cash to grow WILC, they should return it to shareholders. A share buyback at the current price is the most sensible thing to do right now.

[waterloo01] 29/7/2015 16:54

Anyone attending EGM?

[tomrob] 22/7/2015 15:29

Well they've taken the concept further and had the app icons move toward the advancing selection ('pre-cognition') but the layout seemed very reminiscent to me.

I've twittered Eldad Eilam to see if they've been in touch ......

[hotfinance14] 22/7/2015 15:20

Its the Emblaze mobile..ELSE.

[tomrob] 22/7/2015 15:09

Does this remind anyone of something else once seen here?

[m welsh] 17/7/2015 10:14

Board Changes


Released : 17/07/2015

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

("BSD" or "the Company")

Board Changes

Tel Aviv, Israel, 17 July, 2015

Following the announcement of The Company dated July 15th regarding change of
control, the Company further announces the following nominations to the Board
of Directors which took effect on 17 July 2015:

* Mr Gregory Gurtovoy; and

* Mr Oleksander Avdyeyev.

Mr Gurtovoy is also appointed as the Chairman of the company. Mr Gurtovoy is
the Company's ultimate controlling shareholder. Mr. Gurtovoy is an experienced
Investment Banker who held a number of Management and Board positions with a
variety of leading International, Ukrainian and Russian corporations and
financial institutions and currently serves as Chairman of Supervisory Board of
Platinum Bank in Ukraine and is a Managing Partner of GHP Group Investment Bank
in Ukraine. He holds a degree of M.Eng from Moscow Roads & Vehicles State
Technical University, M.B.A degree from Moscow University of National Economy,
M.B.A degree from St. Petersburg Civil Aviation Academy and a Ph.D in Economics
from National Civil Aviation University in Kiev.

Mr Oleksander Avdyeyev is an experienced legal adviser specializing in
international transactions, investments and development. He is a graduate of
Odessa National University. During the past 10 years, Mr. Avdyeyev was involved
as a legal adviser in many cross border transactions.

In addition, the Company announces that Mr. Eyal Merdler is resigning from his
position as CFO and Company Secretary with immediate effect.

Also the company announces that Mr. Emil Budilovsky who currently serves as an
Executive Director and vice-president of business development of the Company
is appointed as a Joint CEO along side Mr. Schneorson, CFO and Company
Secretary.

Director resignations

With effect from the same time, the Company also announces the resignation of
Mr Oleksandr Granovskyi, who was appointed as a director of the Company and as
the chairman of its board of directors, on 2 April 2015, due to the change of
control in the company. Mr Granovsky's resignation shall have immediate effect.

Further information about the Company

For more information about the Company, visit www.bsd-c.com.

Enquiries:
Israel Jossef Schneorson, Joint CEO: [e-mail]

[waterloo01] 17/7/2015 07:33

Hopefully his background and reputation will lead to a re rate closer to cash value?

[sladdjo] 16/7/2015 11:55

Hopefully he'll come to London with new board and we'll get a bit of a better idea of plans for comp going forward

[sladdjo] 16/7/2015 11:55

All fun and games. At least Gurtovoy seems to have more standard business history than Granovskyi ...

Looks like he used to work in the UK in 97-98 with Atlas project mgmt (does anyone know them?), before switching to AeroSvit in Ukraine from 98-04 (where he ended up as Chairman) - note the comp went bankrupt in Dec '12 ... Anyway, Gregory Gurtovoy moved to Renaissance Capital (famous emerging market inv bank)from 05-10 where he ended up as chairman of Ukraine. From '13 till present he's the MD of EIIC fund (infrastructure invs in EM) and GHP Group (formerly Flemming Family & Partners.)

[m welsh] 16/7/2015 10:40

Change of Control


Released : 16/07/2015

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

("BSD" or "the Company")

Change of Control

Tel Aviv, Israel, 16 July, 2015

The Company has been informed by its ultimate controlling shareholder, Mr
Oleksandr Granovskyi, that with effect from 15 July, 2015:

* Mr Oleksandr Granovskyi has sold 1,620,000 'Preferred Shares' of nominal
value of 0.001 Euro each, in Israel 18 B.V. ("Israel 18"), representing 90%
of the voting rights in, and the right to appoint the directors of, Israel
18. Israel 18 is the controlling shareholder of BGI Investments (1961)
Ltd., which, in turn, beneficially owns Company shares representing
approximately 25% of the total issued and outstanding share capital of the
Company (excluding dormant shares) and controls in aggregate, directly and
through proxies, approximately 44% of the voting rights in the Company; and
* Stichting Chabad Charity Foundation has sold 171,090 'Regular Shares' of
nominal value of 0.001 Euro each, in Israel 18, representing 9.5% of the
voting rights in, and 95% of the issued share capital of, Israel 18,

in each case, to Mr Gregory Gurtovoy, a citizen of Israel residing in the
Ukraine.

As part of the sale of the abovementioned shares, Mr Granovskyi has undertaken:

* that within three (3) calendar months, Israeli 18 will execute settlement
agreements with certain of Israel 18's creditors, being each of Fortissimo
Capital Management Ltd., Naftali Shani, and 3 other creditors of Israel
18.; and
* to replace the board of directors of, inter alia, the Company, in
accordance with Mr Gurtovoy's nominations, subject to applicable law.

The Company was not provided with details of the consideration, nor of the
timing for payment of the consideration in respect of the abovementioned
transfer of shares, however the transfer of shares took effect on 15 July,
2015.

The Company will update the market in due course.

Further information about the Company

For more information about the Company, visit www.bsd-c.com.

Enquiries:
Eyal Merdler, CFO: [e-mail]

[waterloo01] 16/7/2015 07:51

Merry go round continues. Will he release any value (except to himself?)

[jonstheboy44] 03/7/2015 15:12

You could say its a shame its not lining our pockets, especially if they are as deep as a clowns

[waterloo01] 03/7/2015 14:50

Not a lot as I don't think they can (even if they wanted to) pay a divi under Israeli company law until they have sorted out the built up losses. Were some thoughts they might try and resolve that so that they could pay out some of the cash, but no evidence. The companies already large cash pile will be a few million stronger though! More cash to waste no doubt.

[jonstheboy44] 03/7/2015 14:31

Hello All,

As the weekend approaches, I thought I would ask what potentially could be a very thick question but I will go for it. In terms of dividend payout on the 12th July, any thoughts what it could mean to each one of us as a shareholder?

[moneyman18] 24/6/2015 12:57

Clearly a DEAD CAT BOUNCE

[moneyman18] 24/6/2015 10:15

Did they ever find the missing BLZ shares ?

I am guessing that if they pay a Divi then they should see were the shares are

[sladdjo] 24/6/2015 10:00

Divi is a nice motion. Presumably the NIS20m is based on WILC's op inc last year? IIRC, comp said that may look to distribute divi's based on underlying earnings which would tie in with that. Hopefully next step is to distribute the ~ £2m divi BSD receives to BSD shareholders, so those at the top of the chain can get their divi as well (anyone know what has happened to BGI debt situation?)

Also, and hopefully this work has been going on in background so nearly complete, BSD has a huge -ve retained earnings from BLZ days, so think that BSD needs to adjust its balance sheet before it can pay a divi.

[moneyman18] 23/6/2015 10:59

Lets get back to DREAMING

[landsker] 23/6/2015 10:56

as a shareholder you either want cash returned or a rising share price, the former simply will not happen so its all about the share price for us

[mertles] 23/6/2015 09:12

I guess the questions are why a dividend now? Why only NIS 20,000,000? Does this mean BSD will pay a dividend after they receive it on the 12/07? And if so, how much? Will BSD look to return their own spare cash to shareholders? 25p a share would be nice. :) Guess we may see the answers to a couple of these questions over the next few weeks. Or maybe not.

[hotfinance14] 23/6/2015 08:17

SP up again this morning due to WIFI dividend payment.