Share Name Share Symbol Market Type Share ISIN Share Description
Better Capital GBP LSE:BCAP London Ordinary Share GG00BYXP9G82 ORD GBP1.00 (2009)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 57.00p 54.00p 60.00p 57.00p 57.00p 57.00p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -6.6 -9.1 - 197.56

Better Capital 2009 Share Discussion Threads

Showing 101 to 123 of 125 messages
Chat Pages: 5  4  3  2  1
DateSubjectAuthorDiscuss
03/7/2017
14:03
Thanks guys...seems like all thinking more or less the same. Bit hard to quantify. Think I'll prob hold on for a bit. Not sure if relevant beta.companieshouse.gov.uk/company/03914814/filing-history Notification of Jonathan Paul Moulton as a person with significant control on 28 June 2017. Probably nothing?
eezymunny
03/7/2017
13:42
I too sold the rump this AM. I think there may still be some upside here but I have made a very satisfactory return on these so I did not want to push my luck. The stock seems to be well bid so maybe there is some corp activity in the background along the lines of flyfisher's copy and paste.
langland
03/7/2017
13:27
EM, A bit of both to be fair.
tiltonboy
03/7/2017
11:20
A tidying up exercise Tiltonboy or have you had a think about the valuation of the rump? I can see upside and downside here with upside perhaps just favourite. Would prob have sold already but for the comment that flyfisher noted above.
eezymunny
03/7/2017
10:53
Sold the rump on Friday at 53p. Gave me an overall exit of around 116.5p, which I am more than happy with.
tiltonboy
03/7/2017
10:50
Pretty hard to put a value on what's left IMO. On a valuation/revenue basis I'd say the valuations are OK (about 1x), therefore at current share price BCAP might be cheap (50% discount to those valuations). On the other hand none of them look terribly exciting. I really can't decide whether to hold on or dump. Any thoughts?
eezymunny
30/6/2017
07:55
The General Partner is engaged with the Board in considering several options in order to secure the best net financial outcome for the shareholders of the 2009 Cell. ?
flyfisher
29/6/2017
17:00
Omnico is the largest holding of the 2009 fund, its accounts are available on the companies house website.
flyfisher
29/6/2017
10:21
Bloody hell. My best days are so far behind me I can't even see them...
eezymunny
29/6/2017
10:16
...lol...EM, read the announcement again. Figures tomorrow!
tiltonboy
29/6/2017
10:11
Ah apologies, I missed that bit. The reduction from 129p to 113p presumably reflects ongoing running costs since Sep and any reductions in valuations of the remaining companies since then. I'm guessing the 113p is up to date(ish) and what we'll see in the Final results which must be due soon...
eezymunny
29/6/2017
09:55
Read the last announcement in full.
tiltonboy
29/6/2017
09:54
From recent rns, Following the Redemption, the Company will have an estimated 35,262,369 2009 Shares in issue. The pro-forma 2009 Cell NAV following the Redemption is estimated to be approximately GBP40.0 million, which reflects BECAP GP Limited, the general partner to the 2009 Fund's, current fair valuation of the 2009 Fund's remaining portfolio assets and the current net assets held by the 2009 Cell and the 2009 Fund. This number of shares and value of NAV would correspond to an estimated pro-forma NAV per remaining 2009 Share of approximately 113p. Further details will be provided in the Company's annual results, which are currently expected to be released on 30 June 2017.
flyfisher
29/6/2017
09:40
Hmmm how do you get that tiltonboy. If you redeem shares at NAV/sh then NAV/sh is unchanged, no? The 129.42p is "129.42p per 2009 Share, being the equivalent of the latest reported NAV as at 30 September 2016, adjusted for the net uplift resulting from the disposal of Gardner and less the costs of effecting the redemption" Obviously NAV may have drifted down from September for the rump, but where do you get your 113p from?
eezymunny
29/6/2017
09:28
EM, The NAV isn't "still 129.42p/share" it's approximately 113p. Still a large discount...but how good are the remaining assets. It will be interesting to see if any "insiders" buy.
tiltonboy
29/6/2017
09:23
Got it, thanks for the explanation. I now have 17.05% of the holding I used to have. So the current bid price of 45p is 45p X 17.05% = 7.67p in "old money". If anybody had to explain that this wasn't a case of easy money it was EezyMunny ;-)
orange1
29/6/2017
09:04
You are not getting a payment of 107.35p/sh. You have had 82.95% of you shares redeemed at 129.42p. Not the same thing. The NAV is still 129.42p/share, so the remaining shares are at a whopping discount. They may not really be worth 129.42p but that is the latest valuation the directors have put on them :)
eezymunny
29/6/2017
08:53
Am I missing a trick? Today the shares are 45p bid. We are also getting a payment of 107.35p per share. That is a combined value of 152.35p per share. Yesterday, one could buy a share for 117p. Why were people not rushing to buy?
orange1
16/6/2017
16:23
you have understood the position correctly
orange1
14/6/2017
17:50
The rump of the fund is now valued at 40 mio, down from 41.1 mio last September.
orange1
14/6/2017
16:16
...and money back pretty quick as well.
tiltonboy
12/6/2017
16:10
EM, I read through that bit...lol...I would expect the shares to trade at around 60p then.
tiltonboy
12/6/2017
11:58
Except tiltonboy they are planning a redemption, not a distribution, so if they redeem at NAV the NAV will still be 127/128p. The shares may well trade at a discount to that of course, post redemption.
eezymunny
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