Share Name Share Symbol Market Type Share ISIN Share Description
Bens Creek Group Plc LSE:BEN London Ordinary Share GB00BP814F22 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.75 -3.12% 23.25 23.00 23.50 24.00 23.25 24.00 329,476 14:00:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining - - - - 82

Bens Creek Share Discussion Threads

Showing 7926 to 7947 of 8675 messages
Chat Pages: Latest  323  322  321  320  319  318  317  316  315  314  313  312  Older
Agreed and at least address's the situation and also adds weight to their strategies of remaining invested and supportive long term holders.Looking now for a solid return to 40p in the coming weeks
Moved to MCL (LSE) explosive news coming
Market likes it
Might of gone ltd in 2020 - but it doesn't mean its only been running since 2020
Desperate RNS ,

This sort of rushed out guff is not helping the business

Company number on the website is 12605280. Companies House says it incorporated in 2020
Founded in 2013 and headquartered in London, MBU is a privately owned investment firm focussed on natural resources, education, CBD, and real estate. Our strength lies in originating off-market investments in the UK, US, Africa, and Asia.

We are sector specialists, yet opportunistic and flexible in our investment approach. We remain agile and responsive to new opportunities.

bad gateway
Hysterical RNS. Bleating. I think their entire strategy is defined by what they read here.

It says MBU Capital Group Ltd and Bluestar have had conducted long term successful business relationships for eight years now.

Ummmm. MBU Capital Group Ltd was incorporated on 15/5/2020. Two and a bit years ago.

Modeller. Of course there are other alternatives to my analysis. I may be completely wrong. But my reading is that Bluestar are a small credit operation based in a house in Ruislip who have another defaulted debt with MBU. They have been finance source for the whole operation to resolve both their and Iqbal problems. I am sure they were very happy early doors as they sold around 18m of their 22m shares that cost 10p at an average of 60p but lenders forget the profits fast and the debt still remains. Infact it is worse as they added at 30p in the last placing. I am sure they thought Adam could repeat the early door trick and pump the price.

The fact that the admission document was written in an unbelievably convoluted way to disclose the secret “other lenders” who would be paid off with 10p shares on admission and that MBU were not the source of funds, means that this was part of the plan to have many millions of shares there not subject to lock-in. It was done for a reason and that was to transfer money from PIs to insiders. Happily I love it when they try to hide things and for your benefit here unravelled the lot.

It is doubtful whether we will ever find out but it has been fun watching and commenting on this most interesting share*

*interesting in the Chinese way.

If Bluestar are a more solvent entity than MBU and a happy holder, your analysis falls over.
the modeller
Crest is the securities depository that holds the shares for MBU. In the debenture, Bluestar must be the sole named beneficiary in a default event.
the modeller
Risk of a mass sell off which will crash the share price?

Read the actual debenture on MBU Capital Group Ltd at Companies House.
All the BEN shares have already been transferred to a CREST account so that the moment there is a default they can be sold. Then a TR1 must be issued inside 21 days.
Enables all kind of games. Note it took them two weeks to disclose the new debenture that I spotted 11 days ago.

1. If MBU transfer their shares to Bluestar in a default event, that triggers a TR1.

2. If Bluestar subsequently sell these shares to x entities they will have triggered an obligation to complete a TR1 on the sale(s).

the modeller
Not quite the two thousand words from Seagreen but still quite a lot.

As I posted earlier it is very easy to work around the 3% TR1 rule. Bluestar could place the 22m shares in three seperate companies each with 7.33m shares and none would be above 3%. Then they could happily sell with no TR1.

Quite funny to see that Seagreen continues to ignore the evidence that the whole thing stinks and blames me for making everything up. Hello.

This is great
I have only read this post, breezing in but if I were to scroll down I imagine Xaras and the chariot would have been out for a spin.Who needs others with such a self congratulatory approach to life Purch?We share similar headlamps, but some run silent and never bolted to a chariot :-)MBU is like Medusas hair on steroids in a room full of squirrels. Some may need to contemplate . . .
Seagreen. Section 13 page 225 of the admission document.

“In the opinion of the Directors, having made a due and careful enquiry,and in the opinion of the Company, taking into account the net proceeds of the placing, the working capital is sufficient for the groups present requirements that is the at least twelve months from the date of this document”.

That was to mine 349k clean tons in 2022 after 20k clean tons in 2021.

The initial placing was $9m but Adam and Co paid themselves $1.8m of that as salaries in the five months after admission and now $45m has been raised. To mine nothing in 2021 and maybe 110k tons of clean coal by end August 2022. If they had followed the admission document mining plan they would have mined around 260k tons clean coal by now.

So, they have spent $36m more than the admission document plan and have mined 150k clean tons less.

And that, my dear Seagreen, is why the share price is in the pits. Just my view.

My BS has been gold dust to sensible readers. Have you not noticed the messages of thanks?
Looks very specific through unbiased eyes
Great fun you actually believe your own BS

Seagreen. Standard section covering future dilutions. The admission document stated that no new working capital requirements for 12 months. That is what I bleat about.
By the way just looking through the IPO document Patt I note on page 58 they made it absolutely crystal clear from the start they would need to raise more funds despite what some were bleating

(e) Dilution
The Company will need to raise further capital in the future to be able to achieve its stated goals which could potentially be through public or private equity financings or by raising debt securities convertible into Ordinary Shares, or rights to acquire these securities. Any such issues may exclude pre-emption
rights pertaining to the then outstanding shares. If the Company raises significant amounts of capital by these or other means, it will be likely to cause dilution for the Company’s Existing Shareholders. Moreover, the further issue of Ordinary Shares could have a negative impact on the trading price and increase the volatility of the market price of the Ordinary Shares. The Company may also issue further
Ordinary Shares, or issue share options under the Company’s existing share option plan or any other scheme put in place by the Company, as part of its employee remuneration policy, or issue further Ordinary Shares or warrants over Ordinary Shares to third parties in respect of services provided to the Group, which could in aggregate create a substantial dilution in the value of the Ordinary Shares
and the proportion of the Company’s share capital in which investors are interested

Chat Pages: Latest  323  322  321  320  319  318  317  316  315  314  313  312  Older
Your Recent History
Bens Creek
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20230131 17:23:15