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BRTR Bartercard

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type Share ISIN Share Description
Bartercard LSE:BRTR London Ordinary Share GB0033432856 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% - 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Bartercard Share Discussion Threads

Showing 1501 to 1525 of 1775 messages
Chat Pages: 71  70  69  68  67  66  65  64  63  62  61  60  Older
DateSubjectAuthorDiscuss
29/1/2007
09:31
Wiganer,

Do you have any info on the 'dividend' payment Sharpy harped on about??

DL

davidlloyd
28/1/2007
16:07
Another example of Sharpey's wise use of shareholders funds:
wiganer
10/1/2007
21:57
The snag with pushing for an offer for the shares in the near term is this might not reflect fair value (in a long-term context) and those hanging on could find their shares compulsorily acquired once in a minority (I forget the necessary percentages, off the top of my head). All again, to WS's advantage. No wonder he is celebrating on the town, with a hot date.
edmondj
09/1/2007
13:44
I have just spoken to my trade co-ordinator at Bartercard and have asked her to find out why I have had no response to my emails to both Lee and Wayne. At the very least one of them should respond to my concerns given that I'm a shareholder and member. The co-ordinator has been calling me today to encourage me to make further trades with my card - yeah, right - while your senior management don't even have the courtesy to respond to my simple enquiry. I had to 'manage' my annoyance with them.

Rant over.

graphos
09/1/2007
09:33
I am going to write an email to the FD and Wayne Sharpe, very simply its seems he is doing well, and the company is doing well. If the guy has worked hard and taken risk then fair play to him.

However I am a Bartercard member and small shareholder. The only issue I have is that I can not sell my shares. Yes I am aware that they can still be sold but I have to find a buyer etc etc.

If the company and individual is doing well and I hope so, then he should make an offer to buy shares for private investors, im not sure what value but 7p or 10p would be great. We can then take it or stay the long term.

They have to do something, because there is a bitterness growing that will end up in bad publicity for Bartercard and Wayne Sharpe. The next times article in the times probably wont be so favourable I should imagine.

So Bartercard should do the right and honourable thing. They should remember that other peoples money are held by them and they have a serious responsibility.

I will email my request, and I will post the answer here.

morr21
09/1/2007
05:33
Genuinely successful entrepreneurs, with sustainable businesses, tend to keep their heads down - not spin a playboy image. Big risk warning.
edmondj
08/1/2007
22:12
I wonder how many franchisees are shareholders. Shafting them is a bit like sh.....g in your own back yard.

I wouldn't mind if there was a bit of humble pie going on, but all this 'aren't we doing well' is unbelieveably arrogant. Unless thats to try to keep the franchisees happy and stop the s...t hitting the fan in a big way with the business itself ?

yump
08/1/2007
18:33
Just to take ones mind off BRTR for a moment:

The individual who thought this up deserves a medal - brilliant.




In advertising speak, Pure Genius.

DL

davidlloyd
08/1/2007
10:45
Noun 2. sharpie - (urban slang) cunning financial operator
edmondj
08/1/2007
10:32
From the last results statement:

"a substantial cost reduction programme has been implemented since the end of the financial year, with substantial savings in wages"

I'm sure any staff who contributed to the substantial savings in wages will wish Wayne all the best and not begrudge his jetset lifestyle in any way...

wiganer
08/1/2007
10:27
Extraordinary.....
davidlloyd
07/1/2007
20:10
Noun 1. chutzpah - (Yiddish) unbelievable gall; insolence; audacity
wiganer
07/1/2007
12:57
EJ -

Nicely put - I think the guy likes shafting as long as it is done with a Bartercard! All in my honest opinion of course.

DYOR.

james dean
07/1/2007
07:10
It's just a shame WS now appears to be revelling in the status of Bartercard being a private company while his shareholders are deprived of liquidity and are effectively left with a worthless investment it could be hard even to agree 'negligible value' for, with the Inland Revenue. From The Sunday Times:


Rising stocks, and the increase in UK property prices, mean there are now more millionaires in Britain than ever before, according to the Centre for Economics and Business Research (CEBR). More than 376,000 people have £1m in cash – or assets, such as property, that can be converted to cash – which is the accepted definition of a millionaire. It's just a shame they can't afford the lifestyle. The continuing property boom – the CEBR expects a 71% hike in prices by 2020 – will devalue the "millionaire" label even more. Clearly, we need a new definition of "rich".

I am smiling at the most powerful man in London – the doorman at Nozomi. He runs the hardest door in town and holds the "guest list" – a single, blank sheet of paper. Nozomi is a chic Japanese bar and, to get in, you need to convince the doorman you look the part. When I say I've come to meet the entrepreneur Wayne Sharpe, I look the part. Sharpe has assets in excess of £30m. If you're looking for a new definition of rich, look no further than Sharpe.

He wasn't born rich – but he was born an entrepreneur. "The important thing when you're an entrepreneurial thinker is being able to control your urges, and determine whether the market is ready or not," he says. He speaks from experience. He set up a delicatessen – three years ahead of its time – and lost a lot of money. The market clearly wasn't ready. And he lost another $500,000 in an unsuccessful restaurant venture. "That cured me of hospitality," he says. But then he came up with the idea for Bartercard. Bartercard is a business that allows member organisations to buy and sell goods and services without actually using cash. It's still growing. "I was on the phone as soon as I awoke," says Sharpe. "When my housekeeper brought my fruit shake for breakfast at 10am I was still on the phone." He is handsome in a man's-man kind of way. He was married, but not any more. Which is why he's taking "a very lovely celebrity date whose name I can't mention" to a Robbie Williams concert in Milton Keynes tonight.





Is leaving shareholders in limbo the true definition of a wealthy macho man?

edmondj
06/1/2007
16:04
As I mentioned, I'm a Bartercard member and a shareholder. I've received no reply to my enquiries to both the FD and Wayne Sharpe. Pretty typical of their organisation's customer service really - careless and ignorant, unless they can smell a quick commission to be made.
graphos
05/1/2007
10:49
well thats ok then. everything is just great in the wayne sharp world of pr.what are we all worried about!
sack of spuds
30/12/2006
04:53
From Bartercard website - this message apperas to have been updated:

Bartercard's New Future

05/12/2006
Dear member,

In the light of a rapidly closing 2006, I would like to take the opportunity to share with you, our valued member, the anticipated path ahead for your trade-exchange over 2007.

Bartercard is set to start 2007 in the strongest financial position of its 15 years of operation and with its international businesses all anticipating continued growth and profitability.

In addition, the company will enter the New Year as an unlisted public company after our delisting in October from the London Stock Exchange's (LSE) Alternative Investment Market (AIM). This was an automatic process which was effectively forced upon us as a result of the resignation of our Nominated Adviser (Nomad), against whom we have issued proceedings for breach of contract and damages. The Board is committed to exploring options to deliver liquidity to all shareholders affected.

All other aspects of the business remain unchanged – the same Board controls the same management who direct the same staff to service the same clients. You, as valued members, will be unaffected other than to see our business expand in existing markets and grow into a range of exciting, new markets. As always, our aim is to deliver ongoing value for our members and our clients.

Bartercard has been in business for almost 16 years, and was only listed for 18 months, so there is no question about our viability just because we are not a public company. I can categorically state that the company is solvent and will continue to operate for many, many years to come. In fact, the signs are that we are heading into a period of strong growth and profitability.

At the outset I mentioned Bartercard's strong financial position. This is the result of the sale of our Australian headquarters building at Southport, on the Gold Coast. Bartercard Australia subsequently entered into a 10-year leaseback for approximately 80% of the space in the building, a move that frees up A$1 million per year in cash flow capital repayments.

The building sale retires all the long term cash debt of the group and provides additional working capital to fund Bartercard's expansion in the United Kingdom and the United Arab Emirates, both of which are growing at a record rate. Never before has this company been in such a strong financial position.

All our operational subsidiary licenses (Australia, UK and Dubai) are forecasting profits this year. Bartercard International has experienced unprecedented levels of enquiries and heads of agreement signings and expects to post a record year for license sales for 2006/2007. Our plan to develop more into Europe can now be a stronger focus for me as I am freed from the distractions of issues related to being publicly listed.

Already in the past month we have developed strong communication with prospective licensees in the Czech Republic and Sweden. And of course the recently signed agreement with South Africa looks set to be a real powerhouse.

Bartercard UK is becoming the poster child of the group. Growth is now right up there with New Zealand and the team are fired up. Trading records are being smashed month on month, and with a plan to develop more franchises inside the M25 in particular (and central London), it's quite possible we could double our offices in the UK next year, and at least double trade volume. The UAE is also growing and re-establishing our previous great reputation as a high growth company in the fastest growing city in the world.

The Australian operation is growing again and profitable and, based on current activities and trends, will be back to its record-breaking best next year. The rollout of EFTPOS is starting to take effect in terms of streamlining client transactions and reducing time costs for Bartercard and members. In addition, higher interest rates and drought are likely to push the economy into a cash-constrained, barter-friendly economic cycle for at least the next two or three years. As a result, next year is genuinely looking to be huge.

The sale and leaseback of our Australia building provides all the capital we need to achieve our goals and continue to drive growth and benefit for our members. We are strong, and we have survived and grown in the face of adversity. Bartercard is here to stay and has many, many years of trading ahead and many countries to advance into.

I would like to take this opportunity to wish you, our valued member and customer, a very merry Christmas, a fantastic new year and a prosperous 2007.


Wayne Sharpe
Executive Chairman
Bartercard Group of Companies

aporterman
20/12/2006
10:28
I suggested 10p, but I guess that might be a tad optimistic. I do feel that if Sharpey offered to buy out the small PIs it would be a win-win situation, and would also help to restore Bartercard's wider reputation.
wiganer
20/12/2006
10:25
Good work rjc3

Lets hope MR sharpe takes notice, because you are 100% correct all we want to do is have the ability to trade shares. Or bartercard should offer to buy all other shares and take the company truely private. How about 5p????

Lets see what happens.

morr21
19/12/2006
14:46
I agree, I have emailed Wayne Sharpe on a couple of points and he made it very clear to me that he did not want the shareholding delisted and fought against it. He has lost a paper fortune and at the same time is getting flack from all sides over what has happened. I think we need to focus on what is most likely to be best for the company and by default us shareholders. I have asked him to look at getting the shares listed on Plus Markets. This is a much cheaper way of having the shares traded. Have a look at the website


From reading the past posting what everyone wants is the ability to trade their shares. I believe this will do that and surely it is better to provide Wayne Sharpe with a viable alternative and then let him get on with running the company, as it seems to be turnng around. If you also think this is a way forward, please let Wayne Sharpe know.

rjc3
19/12/2006
13:19
As I understand it, Wayne Sharpe is taking an action on behalf of the shareholders against the Nomad for breach of contract leading to loss of shareholder value ... he himself being the biggest shareholder with a paper loss of about £40 million from high price.

I only know what is in the public domain so I do not know the strength of the claim ... but would it not make more sense for shareholders to support his claim, if indeed the Nomad was in the wrong?

aporterman
19/12/2006
01:36
I am looking for a way to sue the board for neglible rights under Ausrailian Law.
I will keep you updated.

cityexpert
15/12/2006
16:53
sos,

There is the letter from WS on the Bartercard website to all shareholders - but that only states what was released in the RNS......so nothing new.

DL

davidlloyd
15/12/2006
14:38
I received a statement from the board, via barclays stockbrokers.
morr21
15/12/2006
11:11
are we supposed to have had some written correspondence from the board? i havent had any yet, has anyone else?
sack of spuds
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