BCB Holdings Share Discussion Threads

[skanjete2] 10/1/2017 09:03

Major victory for BCB :
hxxp://www.cihltd.co/assets/pdf/press-releases/2009/Press%20Release%20re%20US%20Supreme%20Court%20cert%20denied%20January%209%202017.FINAL.pdf

"This victory clears the way for Caribbean Investment Holdings to collect on the judgment against GOB.
That judgment, including interest, is currently worth approximately U.S.$ 27.5 million".

This is about 22,5p/sh!

[puku] 24/8/2013 18:52

hi so much for that ! Question now is whether to sell at a loss or await a potential sale to a bigger bank - could be a long wait.

[horace678] 15/8/2013 15:45

hxxp://amandala.com.bz/news/88-mil-gob-victory-ccj/

BCB not getting a payout of £13m after all.

[puku] 15/8/2013 14:37

very nervous of the weak share price - any news ??

[horace678] 20/6/2013 13:43

Great, so it looks as if it's possible. Will do myself soon.

[puku] 20/6/2013 13:05

Hi - that Barclays schedule is the one I quoted to selftrade. I reverted back to selftrade and they apologised. The 30,000 buy at 19.95p is mine. Thanks Horace for your info - waiting for full year results with interest.

[horace678] 20/6/2013 10:34

Hi all, contrary to what I said in my last post, it looks as if dual listings, including BSX, qualify the shareholder to transfer/buy the shares in a Stock and Shares ISA:

hxxps://www.barclaysstockbrokers.co.uk/Accounts/Investment-ISA/pages/Dual-listed%20ISA%20stocks.aspx

If the shares are going to go up sharply soon, as I think they will, we could save ourselves a hefty CGT bill by transferring to the ISA.

[horace678] 19/6/2013 17:46

Doesnt look as if bcb will qualify as it is on AIM and BSX only

hxxp://www.tddirectinvesting.co.uk/help/faqquestions/which-stocks-can-i-hold-in-my-isa/

[puku] 19/6/2013 10:41

Hi - I was hoping to put these into my ISA - according to a Barclays Schedule they have dual registration in Bermuda, and as above at TT. However Selftrade have rejected a trial order. Have you any experience on this ?

[puku] 18/6/2013 13:03

hi Horace - thanks for the links - you have obviously watched this scenario for a long time - with all the shenanigans about this claim and the attitude of the Belize Gov what is the likelihood of a govt (forced ) take over at a knock down price ? I am trying to assess the risk factor here and any further comments would be most welcome.

[horace678] 18/6/2013 12:25

Yes, I think the delisting from TT is a step in the direction of winding up the business. Note that BCB is still listed on BSX however. IMO, the main barrier in the way of winding up BCB is the complex litigation with the Belize government, with BCB potentially being due £13m:

hxxp://amandala.com.bz/news/ccj-hears-belize-bank-appeal-bz43-mil-lcia-arbitration-award-gob/

[puku] 18/6/2013 10:52

Hi - am interested in this one - back in significant profits up to third quarter. Horace - any change to your great write up in post 204 ? Do you think the de-listing from TT is another step in a sales strategy ?

[horace678] 24/4/2013 13:20

Right, but there is no news on the wihl website that wihl is being delisted from trinidad

[skanjete2] 24/4/2013 12:40

These shares come from the delisting of the Trinidad & Tobago listing. The BCB shares (pre listing) were listed on the exchange, and they bought the shares (WIHL & BCB) back with the delisting.

WIHL is now listed on the Bermuda stock exchange. I see there were 2 transactions at the end of March, but the listed bid/ask prices at the moment are not really clear.

[horace678] 24/4/2013 12:26

The WIHL buyback is the same number of shares as the bcb buyback. Can anyone explain?

[skyracer] 24/4/2013 11:17

The latest official trade in Waterloo Holdings on LMMX was 42p on 31/1/12, but Waterloo themselves made a private share buyback of 105,769 shares on 25/03/13 at $1.15 (wihl.com), so about 75p.

[hjfe] 25/3/2013 13:31

Looks like this is ready to move up at last.

[horace678] 26/12/2012 10:38

Hi, yes it's clear that the complex litigation with the Belize government needs to be resolved before the bank is sold. Essentially, the Belize Bank needs to be "decontaminated". I must admit, I don't understand all the ins and outs of the battles with the government, but thanks for the summary above.

[skanjete2] 26/12/2012 09:06

Horace,


You obviously made your homework. Everything you state is in accordance with my findings.
May I add following observations :
- Last year I thought a reason for the demerger could have been the threatening nationalisation of the Belize Bank. Some comments in the Belize press seemed to hint this way.
- An eventual sale of the Belize Bank will be dependant on the political situation in Belize. The Barrow story with nationalisations, threatening national default, court battles,... will not attract foreign investors to take over the Belize Bank
- It seems preferable that the Telemedia situation is resolved before a sale is considered. Belize bank has large sums outstanding on its balance sheet that are disputed with the Belize government (the hospital situation and sums loaned in connection with Telemedia). In that regard, it seems that Ashcroft and Barrow are a bit more on speaking terms than a few years ago.

[skyracer] 17/12/2012 15:21

FWIW Waterloo have just released their 6 month results :

eps 10c (6.2p/share)

NAV $266m (167p/share)

Surprisingly good. Patience .....

[nicd] 25/10/2012 07:09

Results - three months ended June 30, 2012

On this basis, the Company reported a net income from continuing operations of $1.8m for the three months ended June 30, 2012 (2011 - net loss $1.3m), the first quarter of fiscal 2013, and a net income per ordinary share from continuing operations for the quarter of $0.02 (2011 - net loss $0.01).

[skyracer] 28/9/2012 08:56

Actually not as bad as I expected. Other than provisions BCB is profitable and this shows up in the cashflow. Presently NAV of 67p although this will reduce steadily as there seems no end to the non-performing loans.