Bca Marketplace Share Discussion Threads

[masurenguy] 25/1/2016 14:47

From the Interim Report: 30/11/2015

Net Debt of £156.5m.
The Group definition of Net Debt excludes the BCA Partner Finance funding and finance leases.

Bank borrowings £268.6m
As part of the acquisition of the BCA Group on 2 April 2015 the pre-acquisition debt structure within the BCA Group was settled in full. The debt structure had consisted of payment in kind loan notes, a balance due to the ultimate controlling party and a multi-currency term and revolving facility. This has been replaced with the debt facility below.

In April 2015, the Group entered into a five year committed £300 million multi-currency facility, including a £100 million revolving facility and £200 million term facility, which was drawn down, net of issue costs of £7.0 million, and used as financing to repay the previous debt facility within the BCA Group of companies. In June 2015, the term facility was increased by £75 million to a principal amount of £275 million for further issue costs of £0.9 million, with no change to the maturity date. The additional drawdown was primarily used to fund the purchase of SMA and BCA Automotive. The total issue costs of £7.9 million, together with the interest expense, are being allocated to the income statement over the term of the facility at a constant rate on the carrying amount. The Group's principal bank loans at 4 October 2015 were denominated in sterling (£231.3 million) and euros (€60.0 million), and bear variable interest based on LIBOR and EURIBOR respectively. They were secured by a fixed and floating charge over the Group's present and future assets.

[helpaargh] 25/1/2016 14:45

Cheers Jaws6

[helpaargh] 25/1/2016 14:20

Thanks for setting this one up.Any idea how much debt on balance sheet?

[masurenguy] 25/1/2016 13:51

Three big trades - 4,060,721, 3,694,061 and 3,964,061 - all went through @162p before 11.00am this morning. Average daily volume has been circa 700,000 over the past 3 months so I wonder whether one of the major shareholders is rebalancing their position or whether something might be going on!

[masurenguy] 25/1/2016 13:39

Since the original host has abandoned this thread and for some reason also deleted all of the Charts and News, I have set up a new one here.

[masurenguy] 25/1/2016 13:33

Since the previous host has abandoned his thread and deleted all of the charts and company news, I have set this one up as an alternative. This stock is currently only on my watchlist.

[piefacefrank] 25/1/2016 09:38

BUY LEG AT A 50% DISCOUNT

[miti 1000] 30/11/2015 07:49

Results look strong and a nice big dividend.
Avril Palmer Baunack , who turned around Redde(old Helphire), looks like she is working her magic here as a solid dividend payer with strong cash generation.

[miti 1000] 16/11/2015 16:09

Fallen back on low volumes ahead of results. I've naturally been buying the dip heavily for the past week.

[liquidkid] 16/11/2015 14:08

I can state with near term certainty that maiden results are imminent this month.
Goes to show the markets sorry state of play that there are no publicly available forecasts for this billion pound company.

[nibble] 24/9/2015 16:35

Then again, might this benefit BCA? Maybe an increase in "churn" in the used car market due to people wanting shot of their diesels could push turnover up?
Also, there may be an increased demand for car transportation depending on how any mass recalls are handled. Just a thought.

[mad foetus] 24/9/2015 11:09

I wonder if it will cause BCA loss though? I suspect VW are going to end up paying billions in compensation and would not be surprised if people like BCA, who could show direct loss as a result of the loss of value to all diesel cars derived directly from VW's actions would not have a claim. VW will be involved in a massive PR exercise and much like BP after their Gulf of Mexico incident, may have to pay an awful lot to wipe the slate clean.

[trewinney] 24/9/2015 11:04

It certainly is,Turnover is going to be down.Also prices.

[mad foetus] 24/9/2015 10:13

slightly surprised by the pullback - wonder if it is anything to do with the VW sh1tstorm?

[nibble] 17/9/2015 17:01

Extract from thisismoney.co.uk market report 16/9

"Entertainment One advanced 16.6p or 6.17 per cent to 285.7p after Marwyn Value Investors sold it’s remaining 53million shares, or 18 per cent, in the company at 269p a pop.......
.......The lion’s shares of the disposal proceeds will be ploughed into MVI’s existing investments. They include BCA MARKETPLACE, 0.75p up at 177.5p."

[liquidkid] 02/9/2015 15:32

If Auto trader is worth 3.3bn on 200mn revenue then webuyanycar.com should be worth at least a billion on its own.
The reason why BCA had to pull out of the IPO was because the founders of WBAC
went bust in May - that was Carcraft with ther Drive Happy Plan (a package
which covers warranty, MOT, servicing and roadside assistance) which was
doomed to fail because of the high number of second hand car buyers are going
to have a problem with their car once driven off the forecourt.
There is a real conflict of interest with BCA owning WBAC in that each are
going to try and rip each other off. I'd love to see an flow chart of these types of transactions
Punter sells car to WBAC (96% get less than quoted) WBAC puts it through BCA.
pays aution fee - new punter bids the hell out of it - WBAC books massive
profit. BCA makes massive profit. full vallet, rinse and repeat.

[nibble] 27/8/2015 09:36

Very interesting. I was surprised to see Stephen G's name in the non-exec appointments, as I've always associated him with oil. Still, he was in the chair at HAWK during one of the (very) few periods of time when I made money there!
Liked the steady improvement in trading numbers and the reference to removal of "any obstacle to dividend payments".
I wasn't even aware that they were in the process of acquiring Eddie Stobart's car transporter business until now :-) Makes me wonder what else is in the pipeline. Anyway, these guys seem to be serious, and very capable of building a thriving business here. Plenty of growth to come, and very happy with how the share price has held up recently.

[miti 1000] 27/8/2015 08:53

Impressive trading update...hopefully we will get some proper broker coverage now let alone some press.

[nibble] 23/7/2015 19:46

Probably right miti - looks unshakeable at the mo.

[miti 1000] 23/7/2015 18:03

Well, hopefully they were the large sellers clearing out .
From today's rns , Invesco continues to increase its stake.

[nibble] 23/7/2015 17:18

Anybody hazard a guess as to what the after hours reported trades of £27.8 mill @ 1.667 today were all about?