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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Better Capital Pcc Limited | LSE:BCAP | London | Ordinary Share | GG00BYXP9G82 | ORD GBP1.00 (2009) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 21.50 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 18.00 | 25.00 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 21.50 | GBX |
Better Capital Pcc (BCAP) Share Charts1 Year Better Capital Pcc Chart |
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1 Month Better Capital Pcc Chart |
Intraday Better Capital Pcc Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 25/5/2020 | 17:38 | BCAP imploding | - |
| 01/12/2017 | 10:46 | Better Capital - Better than Alchemy | 116 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 03/7/2017 09:50 by eezymunny 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? |
Posted at 29/6/2017 08:54 by flyfisher 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. |
Posted at 29/6/2017 08:40 by eezymunny 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? |
Posted at 29/6/2017 08:28 by tiltonboy 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. |
Posted at 29/6/2017 08:23 by orange1 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 ;-) |
Posted at 29/6/2017 08:04 by eezymunny 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 :) |
Posted at 29/6/2017 07:53 by orange1 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? |
Posted at 12/6/2017 10:17 by eezymunny Spoke to the company. Reckon 2009 cell gets c. 107p.The compulsory redemption looks nice. Hopefully done at NAV which is c. 128p by my sums. This preferable to a simple distribution in my book. "In the event the proposed transaction proceeds to completion, the 2009 Cell's share of the proceeds net of costs and provisions could increase the 2009 Cell NAV by an estimated 9.65 pence per share. In the most recent Annual Report, the 2009 Cell NAV was 116.73 pence per share" So I reckon NAV maybe 116.73 + 9.65+ 2 = 128.38p/sh Who knows what the remaining bit are worth. Less or more or about the same is my guess! |
Posted at 12/6/2017 09:53 by eezymunny What to make of todays's statement"The sale of Gardner has realised net proceeds to the 2009 Fund of £254.1 million" that's 122.8p/sh compared with the recent "It is still the expectation that completion will occur in late May or early June 2017 with proceeds net of costs, including transaction expenses and carried interest estimated to be close to 105 pence per share" Is there a minority interest that has to be paid from the £254m? Either that, or summat similar, or it's very cheap here? Hmmmm...don't understand! |
Posted at 11/4/2017 10:55 by sharpshare Net 105p per share from sale of Gardner announced today.Share price 106 to 108p today. NAV around 123p? |
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