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BELL Belluscura Plc

7.50
0.00 (0.00%)
17 Apr 2024 - Closed
Delayed by 15 minutes
Belluscura Investors - BELL

Belluscura Investors - BELL

Share Name Share Symbol Market Stock Type
Belluscura Plc BELL London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 7.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
7.50 7.50 7.50 7.50 7.50
more quote information »
Industry Sector
HEALTH CARE EQUIPMENT & SERVICES

Top Investor Posts

Top Posts
Posted at 20/12/2023 08:52 by owenski
Currently, they're offering a $500 dollar price reduction sale on existing Ox-Gens, that sounds like they need to drum up sales.

So what's happened to the Discov-R sales, that was already touted as a game changer and is currently in production at their US in house facility.

Discov-R was supposed to already be delivering game changing sales volumes. Sounds like that's just not selling in the volumes the market was led to believe in.

Now they're waiting to launch the next thing - Xplor - to save the company. They're relying on a China deal when they already have a product and a market in the US, it seems that the uptake of the current Discov-r just aint occurring, so why should Xplor be any different.

Not convinced their sales are going to be what the company has led investors to believe. The share price chart tell you clearly what the market thinks.

I'm just not that convinced in these end markets either. How many people has anyone ever seen out and about actually with a portable Oxy bottle in the first place anyway. I've seen two in my life. Can't believe they're all stuck at home waiting to get out and about and cleaning the car in the driveway. Not everyone with COPD uses extra oxygen facilities either. Just saying, not convinced in the size or uptake of these so called end markets, BELL might well have a disruptive product, but it could well be a much smaller niche market.

I've met the management and like them, so I wish the company well and would like to have invested at one point, but it looks like this will just be staying on a watch list.
Posted at 16/10/2023 14:02 by hedgehog 100
I'd also be interested in your views as to why TMTA directors Harry Hyman & Jonathan Satchell, both of whom have a billion-pound track record, are investing here, via their TMTA vehicle?

For the last couple of years they will doubtless have had a good view of many potential UK tech floats, but have decided that BELL is the best opportunity available to TMTA.

Their success, judgement, and business acumen should be respected.

And they will have had a very good look at BELL's prospects, and its chances of delivery.

The fact that Jonathan Satchell is coming on board here as a director is another major positive, and looks particularly exciting for the app and software side of BELL.

It could be that J.S. is viewing BELL as a chance to replicate his success with Learning Technologies Group (LTG), which he 40-bagged from its RTO price of 5.88p/share to its high of about 236p.

In addition, their 'pulling power' in attracting more institutional investors into BELL could be very positive for BELL's s.p.

Those institutional investors who backed TMTA at 20p should be keen to add to their positions in BELL, and at a premium to their previous investments at 20p in TMTA (which equates to 29.33p per BELL share).
Posted at 16/10/2023 13:42 by hedgehog 100
A key to success in investment is identifying turning points, in time to benefit from them as fully as possible.

Slippage in business and investment is par for the course, especially in the current challenged global economy.

So you have to distinguish normal business slippage, which to a degree can be expected, from bad companies just stringing investors along.


Regarding the expectations at IPO.

Appointment of US distributors was expected to start from 1st. July 2021 onwards, but actually the first one was appointed on 23rd. June, with three more following by the end of July.

That first one was only a week ahead of the earliest expectations, but it still bodes very well for the future - for the company's ability to deliver on it's plan.

With small company shares, delays and missed timetables are commonplace, whereas delivering ahead of schedule is pretty rare.

28/05/2021 07:00 UK Regulatory (RNS & others) Belluscura PLC Admission to trading on AIM; First Day of Dealings LSE:BELL Belluscura Plc
" ... Belluscura plans to launch the X-PLO2R shortly and the X-PLO2R CX and X-PLO2R DX within the next 12 months. The Company has a manufacturing agreement to produce the products in the USA. Following a soft launch, the Company plans to appoint distributors in the US to give US-wide coverage; this is expected to occur in the second half of 2021 and into 2022. Belluscura will commence International Regulatory clearances during 2021 and 2022 before expanding distribution globally. Following launch in the US, the Company intends, in due course, to pursue commercialisation in the UK, EU, Japan, South Asia, Australia, South America and Latin America. ..."


23/06/2021 07:00 RNS Non-Regulatory Belluscura PLC First US Distribution Agreement LSE:BELL Belluscura Plc
Posted at 07/10/2023 10:52 by hedgehog 100
These are what look to be three BELL-TMTA arbitrage trades on Thursday:-

Belluscura (BELL)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
05-Oct-23 12:31:16 32.7501 7,500 Sell* 32.00 38.00 2,456 O
05-Oct-23 10:39:32 32.722 7,377 Sell* 32.00 38.00 2,414 O
05-Oct-23 10:38:50 33.00 30,000 Sell* 32.00 38.00 9,900 O

TMT Acquisition (TMTA)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
05-Oct-23 12:31:55 20.40 12,000 Buy* 19.00 21.00 2,448 O
05-Oct-23 10:40:31 19.80 50,198 Unknown* 19.00 20.00 9,939 O
05-Oct-23 10:41:02 19.80 11,464 Buy* 19.00 20.00 2,270 O


The seller of the 30,000 BELL trade looks to have bought 50,198 TMTA with the proceeds.

On the basis that TMTA shareholders will receive 15 BELL shares for every 22 TMTA shares, this trader should receive 34,225 BELL shares for these 50,198 TMTA shares.

I.e. a likely free 4,225 BELL shares: worth £1,394 at the current BELL mid price of 33p.


And if Jonathan Satchell 40-bags BELL, as he did with Learning Technologies Group (LTG), 4,225 BELL shares could be worth over £50K.

Which wouldn't be a bad return for what looks to have been an essentially risk-free arbitrage trade!


The BELL-TMTA arbitrage benefit has now narrowed, but the window of opportunity is still open.

Logically though you would expect it to narrow further and close, due to further arbitrage trading, & investors buying TMTA as a likely discounted route into BELL.
Posted at 05/10/2023 17:18 by hedgehog 100
Thanks for posting that helpful article, Mr. Oz.

From the article:-

"The only risk to this 9% upside is the deal falls through and then you're stuck with a holding without a purpose."



In my opinion, there's little chance of the deal falling through, because it isn't reliant upon raising any more funds.

And I can't really see that BELL would fail due diligence either. Though in theory, if it did, TMTA shares would likely hold up better than BELL, because of TMTA's cash underpinning.

In addition, TMTA would find another deal, possibly at an even higher premium.

It looks to me that BELL are getting TMTA relatively cheaply, as the percentage premium over TMTA's cash isn't high for a RTO-type deal.

I think that TMTA have probably agreed to relatively generous terms because they think that BELL is a particularly good opportunity.


And going back to Stuffee's point about shell investors selling after a deal for a profit.

The polar opposite can also happen, i.e. shell investors actually increasing their holdings after a takeover, if they like the new company, 'averaging up' their investment cost.

The enlarged market cap. will be far higher (by multiples) than the shell, so investors can buy far more without owning too high a percentage of one company.

And they will also have certainty about the business they're owning, whereas with a shell they can't be certain in advance of that.
Posted at 04/10/2023 21:18 by hedgehog 100
Thanks Stuffee.

Remember that as TMTA's IPO was at 20p (about two years ago), the vast majority of TMTA shares won't currently be showing any profit yet.

The TMTA share price fell on pretty low volume, so there's been little TMTA buying below the IPO price.

Also, don't underestimate the patience of shell investors - they must be some of the most patient investors out there.
Because you get long periods - sometimes even years - when seemingly nothing seems to be happening.


11/10/2021 08:01 UK Regulatory (RNS & others) TMT Acquisition PLC Admission and First Day of Dealings LSE:TMTA Tmt Acquisition Plc

" ... Prior to Admission, the Company had in issue 2,500,000 Ordinary Shares and at Admission issued a further 25,000,000 Ordinary Shares at a placing price of 20p per Ordinary Share, raising gross proceeds of GBP5 million. ..."
Posted at 04/10/2023 20:57 by stuffee
Hedgehog

You may well be right that former TMT sharehoders will follow their investment and retain their Bell shares. I took the cautious view, prior to much research on TMT, that most shell investors prefer to travel rather than arrive and will cash in for quick profit, once a deal concludes.

I was impressed by your comprehensive posts on TMT and your enthusiasm for Bell. Hope other TMT investors read your posts and the Bell price doesn't suffer from too much short term selling.

Encouraging that some former high quality TMT directors joining Bell board,
Posted at 04/10/2023 16:40 by hedgehog 100
Closing s.p.s today:-
BELL 35p (32p - 38p).
TMTA 19.5p (19p - 20p).

On the basis that TMTA shareholders will receive 15 BELL shares for every 22 TMTA shares, the current TMTA offer price of 20p/share equates to a BELL offer price of 29.33p/share, i.e. 22.82% less than the current BELL offer price of 38p.

So TMTA is potentially a significantly cheaper way into BELL at the moment than buying BELL shares directly.


Stuffee,

Why don't you feel that TMTA shareholders will be natural shareholders for BELL?

The whole point of buying a shell like TMTA is that it's potentially a cheaper route into a non-shell company; shell investors neither expect nor want it to remain a shell forever.

And TMTA was set up specifically to invest into a tech company like BELL:-

"TMT Acquisition was incorporated in March 2021. The Company has been formed to pursue opportunities to acquire businesses in the technology, media and telecom sector (“TMT sector”)."
Posted at 18/9/2023 14:29 by jaknife
buywell3,

"To be clear, your brokerage firm cannot lend out your stocks without your permission.

However, you may have signed a customer agreement that explicitly allows your broker to lend out your securities.

This clause is often tucked deep within the customer agreement, and few investors pay much attention to it."

This is not true.

I've already highlighted the words of CASS 6.4; once again they say:

"the client has given express prior consent to the use of the safe custody assets on specified terms"

That means that there has to be a specific document expressly for the purpose of highlighting the stock-loan terms and conditions. The words can't be buried deep on page 7 of a 10 page general document, it has to be made crystal clear what the client is agreeing to and the client must specifically sign off on the one point.

In the whole of the UK there is not a single retail broker that does this for ordinary share dealing/ISA accounts of retail customers.

If you think that your internet sourced myth about stock-lending is true then, by all means, find the terms and conditions for a standard share dealing/ISA account used by retail customers where Stock-lending is permitted and highlight it here. You will not be able to.

JakNife
Posted at 18/9/2023 14:00 by buywell3
To be clear, your brokerage firm cannot lend out your stocks without your permission.

However, you may have signed a customer agreement that explicitly allows your broker to lend out your securities.

This clause is often tucked deep within the customer agreement, and few investors pay much attention to it.

Including buywell until today

Therein lies the problem


-----------------------------------------


Should be some problems coming IMO

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