Belgravium Share Discussion Threads

[hastings] 29/9/2015 11:33

Concur with the comments above, could be a really nice turnaround story here.

[norbert colon] 29/9/2015 11:14

So of the original directors only Mark Hardy remains. Look forward to news on the appointment of the new NED(s). I would anticipate a new FD still being appointed although a good FC would suffice I agree.

The new company name and branding will complete the transformation going into 2016 - all very positive.

[rivaldo] 29/9/2015 10:28

IM is really getting to grips with BVM - that's another £110,000 per annum saved now the FD has gone. I'd assume the existing team can cope perfectly adequately with the accounts of what is after all only a £3.9m m/cap company.

[russman] 29/9/2015 09:39

Someone who has worked with the Chairman before.
Skilled in financial engineering.
Experience of smallcap M&A.
Connected in the City.
Wants to take a stake.

[cocker] 29/9/2015 07:56

Mike Unwin shown the door?. It looks as if the new CEO is possibly getting to grips with the job in hand & for that reason alone he has my vote.

[norbert colon] 28/9/2015 14:42

Riv

Agreed although JK had 4.5m shares that needed a new home (after Ian bought 3m of his 7.5m sale) - I assume some of these 4.5m have been taken by Chelverton to avoid an overhanging seller but that said I agree its very reassuring. Still another 1.5m shares needing a home unless bought by retail investors - I have certainly had some.

[rivaldo] 28/9/2015 14:00

RNS - Chelverton have significantly increased their stake. They had 6m shares per their last RNS 18 months ago, or 5.94%.

Now they have over 9m shares, or 8.92%:



Ian Martin is certainly convinced about the potential here.

[gwr7] 28/9/2015 12:10

Ah, so it's my comments on Angle that upset you michael. Andrew Newland of Angle was fair game due to his Quindellesque share transaction and I'm more than happy to go on the attack against directors' murky dealings. After my posts there arose another good buying opportunity but again I seriously doubt I talked the share price down. I'm not an arrogant smart alec like you. Nor a fantasist. Calling me Narinder indeed. I used to think you were a man but now I see why you call yourself a mouse.

[harrison15] 25/9/2015 11:03

The new broom will deliver (interesting insight on redundancy levels??). He has a great track record and the team at BVM just need fresh focus and strategy, latterly lost in the mire of e retiring Chairman, a little out of touch?

Remember though, through all this doom, BVM have a flagship customer base which of course they work hard to keep. The competition for tablets ad apps on devices is HOT, so not an easy industry to navigate and grow in at the moment. One thing we should all value is their ability to sell and although profits down this year,and if you know the industry they are in, tell me of one of their competitors who have supplied the complete solution into a 600+ transport fleet this year?

And I bet the deals are no longer dependent on just producing current year profit, but have decent levels of in built recurring revenue and service fees into the following years. They state their recurring revenue is close to 40 or even 50%. Hardware only businesses typically produce levels of 20%

[rivaldo] 25/9/2015 08:59

Great interview hastings, cheers. A number of interesting points:

- 12 people have ALREADY left out of 75, so the £500k of cost reductions are essentially in place as of now
- "blue chip clients such as Virgin Atlantic, British Airways, DHL, Wincanton and numerous others"
- "any increase in revenue will quickly drop to the bottom line"
- "a launch of new innovative products and designs along with thinner, slimmer products" available next year
- "a PER of 5.8, falling to 4.3" on the next two years' forecasts

Let's hope the "new broom" delivers.

[hastings] 25/9/2015 07:20

Further comment that may be of interest to others.

[rivaldo] 24/9/2015 13:50

WH Ireland have cut this year's forecasts to a £0.1m PBT - so still profitable.

However, they keep next year's forecasts at 0.6p EPS (£0.6m PBT), with 0.8p EPS the next year.

This is facilitated by £0.5m of cost reductions "already identified", which will presumably be kitchen-sinked this year.

Billington noted this week in their results RNS that "2015 has seen the re-emergence of the distribution warehouse sector".

The internet - and the manufacturing revival - is certainly moving the market BVM's way. There is a chance for the "new broom" management to grab this opportunity that the old management signally failed to do anything about.

[gwr7] 22/9/2015 22:56

It's a shame but you probably feel proud of that rant michaelmouse. Your posts used to be calm and considered. What went wrong with you? Perhaps an anger management course might help. You're a bit full of yourself calling me your troll on the basis of one post on here where I agreed with you that you shouldn't engage in slanging matches with other posters. It makes you appear childish and a smart alec. You're also a fantasist. You appear to think I'm also Narinder. Pass. Not only do you think I'm a shorter you develop a fantasy from your mistake and take pleasure in the outcome. That's warped. As for trakm8 I was accused of lying but I simply passed on information from Direct Line regarding the large batch of faulty parts that had to be replaced. The price declined after my posts and I bought back in at 67p but I sincerely doubt I talked down the shares. I have no grievance with you. In fact I'm sitting on excellent paper profits thanks to two of your tips. Keep doing the leg work.

[caca1] 22/9/2015 10:28

I agree with Russman on this, also I have it have information from those close to the company that phase 2 will include the closure of the Manchester office and the offices in Warwickshire.

[russman] 22/9/2015 09:32

The Chairman's next step in his usual style.
A large equity placing which he supports by taking a large percentage.

[michaelmouse] 21/9/2015 20:12

Cheers PJ 1.

Easy enough to block and filter undesirables.

Keep your informative posts and tweets coming, as you say it's great to see both sides of the investment case.

Michael.

[pj 1] 21/9/2015 19:57

Thanks for your views michaelmouse, its great to see both sides of the investment case put forward.

No need to go down to others standards.

[gwr7] 21/9/2015 19:49

Michael, If you're going to bait other posters you really have to get stuck into them, expose them as pathetic rampers, compulsive liars or hold them up to such incontestable ridicule that they're forced to leave the thread, otherwise it isn't worth the effort. Your brand of polite baiting doesn't suit you. It makes you appear a smart alec imo. I agree you're better off refraining in future.
I think the word troll is becoming devalued.