B.s.d Crown Share Discussion Threads

[ragewarrior] 31/12/2014 15:11

Seems BSD will do anything to make the share price go down.Hopefully they will NOT overpay again and waste Emblaze's cash pile...

[waterloo01] 31/12/2014 10:18

lol. If they do end up buying a number of seemingly unrelated businesses (BSD still has it's cash pile) lets hope they are all active and profitable entities. Maybe some grand plan to be a new conglomerate. I feel sure the objective will be to deliver dividends (once they get over the Israeli tax rules), however until they spell out the strategy/objectives few buyers seem to be interested.

Time for some director buys and or some buy backs?

Personally I'll wait it out as the current share price is outweighed by the cash in BSD alone. Hopefully a happy new year to all

[hugepants] 31/12/2014 09:52

There must be synergies between kosher food and the industrial sewage industry that we haven't identified.

[sladdjo] 31/12/2014 09:40

WFI seems down on the news, so guess their shareholders arent that happy with the potential investment and they must know more about the MNIN than us. Also, as mentioned by Waterloo, seems to go against the original reason for buying WFI (& at a significant premium to the then price!) that Granovsky et al had some other potential deals lined up in the kosher food industry.

[moneyman18] 30/12/2014 21:46

Massive selling on the news, WHY is that ?

[waterloo01] 30/12/2014 19:05

I guess they (WILC) want to diversify away from Kosher foods. The new CEO has more real estate experience than industrial, but as long as it's into a profitable company that pays dividends......who knows maybe BSD will one day be turned into a dividend play.

[hugepants] 30/12/2014 10:21

I think this is potentially a good move for BSD shareholders. Willi-Food International (WFI) is stuffed full of cash and investments and the value of WFI is certainly not being reflected in the BSD share price. So WFI making an acquisition using its cash or shares may be no bad thing.
And remember BSD still has approx 35p a share in net cash as well as WFI.

[waterloo01] 30/12/2014 09:12

Not sure of the logic as not food based but looks like a profitable company.

[envirovision] 30/12/2014 09:04

Market Speculation in respect of a Contemplated Proposed Transaction

The Company notes recent media speculation in Israel regarding discussions
between the Company's indirect subsidiary, G Willi-Food International Ltd.
("GWF") and Netz Group Ltd. ("Netz") with respect to the proposed purchase by GWF
of a stake in Mendelson Infrastructures & Industries Ltd., from Netz, a company
listed on the Tel Aviv Stock Exchange (the "TASE"), and its affiliates (the "
Proposed Transaction").

Based on an earlier announcement on the TASE by the Company's direct subsidiary
and GWF's controlling shareholder, Willi-Food Investment Ltd., GWF has
confirmed that negotiations in respect of the Proposed Transaction are at a
preliminary stage and, as such, there can be no guarantee that GWF will reach
agreement with the Sellers as to the final terms of the Proposed Transaction or
that any acquisition will be made on the terms currently being discussed.

[moneyman18] 29/12/2014 10:38

Panic sellers ?

[choccywoccy] 15/12/2014 10:39

I think this is probably positive for BSD. Granovsky is in financial trouble so is negotiating the sale of some of his holdco shares. Either he fails and goes bust, in which case the creditors take control and ultimately liquidate BSD or he succeeds in selling in which case the new shareholders may well want to see a dividend out of BSD into BGI and up into the holdco. At worst it is a new shareholder who might be a check on Granovsky taking advantage of minority shareholders. Ok at worst, it is one of his mates who will screw us together....

[landsker] 11/12/2014 18:41

its not certain if aurora have sold any though, bsd will know if they have so why dont they let us know

[waterloo01] 11/12/2014 17:52

Cheers sladdjo, was hoping you'd try! If Aurora are now out, we might just climb on some buying? Have to say I see this as good news in that if he sells 50% we will be at significantly less risk of Granovsky doing something on a whim. (like buying controlling stake in WILC (!!) or taking it private). At some point, if they do their legal homework in Israel then a divi might become possible, given the cash.

[sladdjo] 11/12/2014 17:19

Thanks Waterloo - interesting article. Guess we aren't close to divi's anytime soon if Granovsky needs other funds to pay off options and bondholders. Was trying to calculate our value, assuming he sells 50% of his shares for say NIS60m, then the value of BGI is ~ NIS170m. They own ~ 44% of BSD, so the value of BSD ~ NIS 384m, or ~ £60m at current fx rates vs our mrkt cap of £23m. However, BGI's debt and other investments (if there are any) would change that calc. The book value of BGI is ~ NIS 110m, so the trade values it well above that which suggests we should be valued above our book value of ~ £81m.

[waterloo01] 11/12/2014 16:04

Minute Entry for proceedings held before Magistrate Judge Paul Singh Grewal: Motion Hearing held on 12/9/2014 re 630 MOTION for Judgment as a Matter of Law, 631 MOTION for Judgment as a Matter of Law or In the Alternative Pursuant to Fed.R.Civ.P.59 For A New Trial, 657 MOTION Seeking Review of Clerk's Taxation of Costs and 658 MOTION For Review of Clerk's Taxation of Costs: The court takes matters under submission; written order to be issued. Court Reporter Name: Summer Fisher. Plaintiff Attorney(s) present: Martin Pavane & Lisa Ferrari. Also present: Naftali Shani. Defendant Attorney(s) present: Mark Fowler, Erin Gibson, Robert Buergi, Robert Williams & Krista Celentano. Also present: Ryan Moran & David Melaugh. This is a text only Minute Entry (ofr, COURT STAFF) (Date Filed: 12/9/2014)

[waterloo01] 11/12/2014 15:32

I think it was all down to Aurora selling out and no large buyer. This move should be good for the SP, as it both diversifies from just the whim of Granovsky and puts a price on the stake (anyone care to work out what that equates to in BSD market cap?)

[landsker] 11/12/2014 15:20

so from that it looks like the drop to 15p might have been due partly to a percieved problem for granovsky with the situation in the ukraine

[waterloo01] 11/12/2014 09:05

Anyone seen the original story?

[moneyman18] 10/12/2014 17:51

Lots of stale sellers I guess they got any news before us lot

[landsker] 10/12/2014 17:21

well if it was then its obvious it was a negative result or the share price would have risen by at least 20 percent

[cheeky13] 10/12/2014 14:51

It was,and no rns?

[grahamburn] 10/12/2014 14:42

I thought a decision in the Apple case was due yesterday.

[moneyman18] 10/12/2014 14:41

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