Bartercard Share Discussion Threads

[aporterman] 08/8/2007 10:22

Ah yes - know you now - you are not a bad chap.

We may still do ok out of this.

[2centrat] 08/8/2007 10:02

aporterman.

Used to post as quotes_4_u

[davidlloyd] 08/8/2007 10:00

Of course there will be more money to come, 2 cents, if you are a shareholder that is, each time a dividend is declared....and not only that but the intrinsic value of the shares rises (even if they are not easily tradeable). Say, for example, you could still trade these shares and at 4.5p - then a dividend of 1.7-1.8p a share was declared, what would that have done to the share price?? Just a thought.

DL

[aporterman] 08/8/2007 00:19

2centrat - I think almost everybody on this thread had written this off ... well I had not ... Bartercard is a viable business ... I am hoping for good returns long term.

I don't recall you posting before - and yes, Wayne Sharpe has been pretty extravagant, to say the least, with shareholders cash ...

But what I could never understand was why people thought he would want to undermine shareholder value ..

After all he is the biggest shareholder .. so that would not make him a particularly clever crook in my opinion ..

He started the business and hopefully will get back to the grass roots and give it the chance it deserves ..

I reckon his dividend will be something over 2.1 million - Good luck to him .. I hope he has many more ..

I am disappointed that I have no facility to trade my shares ... but maybe that will be a bonus in the end ..

[2centrat] 07/8/2007 21:34

I thought it was something like that !

Well i'm really surprised at some of your reactions !

Wayne Sharp is a crook, have the stock suspended for ages
and then make it look like investors are getting a brucy
bonus because it looked like they were getting nothing
at all !

I cant believe you are happy at this outcome unless of course
there's more money to come ?

[2centrat] 07/8/2007 17:59

So compared to the suspension price of 4.5p what exactly was the
dividend ?

[wiganer] 07/8/2007 11:39

Good news.

Lost a heap on these, but I guess any money back from my remaining 15 shares is a bonus!

[davidlloyd] 07/8/2007 09:49

Thats very good indeed. Every cloud and all that....I do believe in BRTR as a sound investment but had my belief seriously quesitoned at times!

DL

[aporterman] 07/8/2007 09:40

I received confirmation that, subject to exchange rates, it will be in the region of £17 - £18 per share - not bad.

[davidlloyd] 07/8/2007 09:03

In the absence of confirmation its just wait and see I suppose.....

[aporterman] 06/8/2007 21:50

Well thats the way I calculated it ... but I don't know if I have got it right ... hope I have the decimal points in the right place ... my 310 shares would give me £5790 if this is correct ... any other interpretations of this dividend?

[davidlloyd] 06/8/2007 12:28

Well, well.....very nice indeed. Would that be a dividend of ~ £18.26 per £10 share perchance?

DL

[ngen yap] 06/8/2007 08:27

I think that's right - this is excellent news!!

[aporterman] 03/8/2007 12:36

10 mil Aus = 4.2 mil sterling - anybody know number of shares now after consolidation?

Edit - is it 230000 - could that be a dividend of 18.26 per share or have I got it wrong with all those zeros?

[edmondj] 03/8/2007 07:17

Looks as if I am missing the developments until today:

Bartercard plc
03 August 2007

Bartercard PLC

('Bartercard)



Proposed A$10m Dividend



Following the announcement of the sale of Bartercard Australia (BCA) on 2
August, the board of Bartercard is proposing to pay at least A$10 million in
special dividends to shareholders. Payment is likely to take place within the
next 60 days. A further announcement will be made in due course.



BCA was bought by its Australian management team in a A$25.5 million deal that
will deliver benefits across the business - to members, franchisees and
employees. BCA will continue to be a licencee of Bartercard International (BCI),
paying annualized licence fees of approximately A$2.5million.



The management buyout (MBO) of the Australian trade exchange business reflects a
shift in strategic focus by Bartercard International (BCI) that will allow it to
concentrate on support and development of licensees worldwide, with a particular
strategic focus in Europe.



Under the MBO, negotiated between Executive Chairman and Founder Wayne Sharpe
and BCA Managing Director; Trevor Dietz, Deitz, Murray d'Almeida and Executive
Director of Sales; Brian Hall, will take up 75 per cent ownership of the
business. Most of the remainder will be held by a private equity consortium;
CAT Capital, led by Tony Wiese and Colin Vianello, whilst .BCI will retain a 0.5
per cent stake. Murray D'Almeida has resigned as a director of Bartercard Plc's
parent 'Global Board' to take up the role of Executive Chairman of BCA



'This represents a major step for both BCA and BCI,' said Wayne Sharpe.



'Businesses can do better when management has ownership and this is often the
reasoning behind a 'management buy-out' or MBO. This has been particularly
evident following on from the MBO of Bartercard New Zealand from Bartercard
International five years ago, which has subsequently achieved impressive growth.
That deal allowed BCI to buy back the UK license by freeing up capital and
people resources'.



'All involved in this current transaction, including financiers, investors and
Bartercard International, feel the Australian management team have the
particular experience and expertise to take the business to the next level'.



'For BCA, it will allow them to focus on reinvestment and development of the
membership base for the betterment of franchisees and staff. For BCI, it will
allow time to focus on its role as an international licensor, directing
resources to expand the network throughout Europe and the Middle East.'



Bartercard was founded on the Gold Coast, Australia in 1991 by Wayne Sharpe,
Andrew Federowsky and Brian Hall and now has 58 offices in Australia alone. BCI
was formed in 1996 and has grown to become the world's largest trade exchange,
with operations in 12 countries including the UK, Asia and the Middle East.
Planned expansion into India , South Africa and other countries should see
growth continue in the future.



'The Bartercard Plc board is very excited about the MBO, in particular the depth
of experience and expertise of the management team,' Mr Sharpe said. 'Bartercard
Australia is the pride of our organisation. It provided the springboard in
people and cash flow to fund our Global Expansion. We are pleased that our long
term plans have come to fruition where the global business is able to support
its own expansion. Bartercard Australia will now be able to invest all its
profits into the further growth of the Australian operations and in benefits to
members'.



'Last year Bartercard Plc was delisted from the London Stock Exchanges Aim
market, after a dispute with their Nominated Advisor (Nomad). At that time
Bartercard sold its building in Australia for $ 13.5 million, booking a
substantial profit and retiring all its long term debts. Despite that the
company was unable to locate a new Nomad and has since privatized and done a
share consolidation. This transaction was done with a view to result in
substantial dividends to shareholders, plus it will enable investment into
expansion of operations into Europe'.



'The new owners want Bartercard Australia to be recognised and respected as
Australia's leading business-to-business service provider,' Mr Dietz said. '
That means increased sales, customers, cash flow and profits for the
small-to-medium sized businesses that make up our network. We will also strive
to be an employer of choice by offering higher job satisfaction and enhanced
career growth for national office staff. In short, our aim is to rejuvenate the
business.'



PriceWaterhouse Coopers produced an information memorandum that went to a broad
cross-section of leading Australian financiers, resulting in the National
Australia Bank (NAB) funding the majority of the MBO, with Bartercard Plc's
wholly owned subsidiary Bartercard International providing vendor finance for A$
6 million.



Mr Julian Pearce, Queensland State Manager for NAB said the bank and BCA had a
longstanding relationship and he was confident in the vision and plans the new
management had for the future of the business.



BCA has more than 23,000 members across Australia and even after the sale, the
Australian business will continue to play a major role in training new licensees
and as an incubator of initiatives to further expand the benefits of Bartercard
and the delivery of value to members.



3 August 2007





Enquires:

Bartercard plc
Wayne Sharpe, Chairman [phone]

[knowing] 02/8/2007 09:55

LONDON (Thomson Financial) - Bartercard PLC said it has sold Bartercard
Australia to its Australian management team and a private equity backer for 25.5
mln aud.
The business-to-business trade exchange company said the sale will release
capital for investment into the expansion of its international operations.
[e-mail]

[johnyee7] 12/7/2007 09:56

Wiganer,looks like your fps thread has blasted off.

[wiganer] 12/7/2007 09:49

TDWH are showing my new shareholding- 15 shares!

[indexwhacker] 11/7/2007 12:04

And for further information, I got my £9 cheque this morning. Gosh, whatever shall I treat myself to?

IW (glad to be out of this load of toot even although the only thing I've got to show is a CGT credit for this year. And glad I took the medi@invest profits while they were there for the taking.)