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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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 21.50 18.00 25.00 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -42.0 -9.6 - 75

Better Capital Pcc Share Discussion Threads

Showing 51 to 73 of 125 messages
Chat Pages: 5  4  3  2  1
DateSubjectAuthorDiscuss
29/1/2016
17:06
17p distribution paid today on the 2009 shares. Share price now only giving Gardner value - a little upside from last valuation. Was stated that sale by end of 2016 expected. Other four cos could fetch 20p+, given time and no (more) disasters. Am happy to hold.
rambutan2
29/9/2015
11:12
Another write off! Is this the most unsuccessful company on the stock market? So many changes of management, and so many write offs (Reader's Digest, City Link, Fairline). Stand by for Jaeger next......
shopper21544
24/3/2015
22:22
Any views on BC12 here? (Better Capital 2012 Cell) My analysis below. Can currently purchase at 66.5p vs a debt free 102p NAV (30.9.2014) The breakdown of the £354.1 million NAV at 30th September is: Everest £69.4m, Jaeger £50m, City Link £20m, SPOT £100m, Cash £111.3m, Misc £3.4m Since the balance sheet date we’ve had the following developments 10th November 2014 – Acquired all the debt facilities of Intertain Limited for £20 million. 29th December 2014 – City Link Group placed into administration. No effect on B/S as was already written down to reflect liquidation value. 19th March 2015 – Financial restructuring of Intertain Limited. Company entered into a CVA to refocus business on core estate and have now assumed equity control. I imagine this is a marginally positive development for NAV. 20th March 2015 – Purchase of CAV Aerospace with an initial commitment of £40 million covering the acquisition, working capital requirements and future growth initiatives. £48m cash remaining as of the 20th March. So we have two new purchases adding £60m to the investment portfolio and have £63.3m less cash so NAV is still around £1 and share price is trading somewhere around a 35% discount. A first distribution of capital was made in September 2014 of 1.75p. I’m not 100% sure on their distribution policy, but if it is a case of them distributing all the capital/Loan repayments/dividends that BC12 receive back from their investments then there is potential for bigger cash returns this year as they state ‘Significant further cash distributions to Fund II are expected in FY15’ with regards to Everest and also say ‘there is a good prospect of some cash distribution from SPOT in FY15’. John Moulton has made recent puchases at both 70p (2.85m shares) and 80.1p (1m shares). Better Capital have had a pretty poor run but not sure the sizeable discount to NAV is warranted. Might be a long wait but I’m a buyer.
molrey
28/1/2015
09:32
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/privateequity/11372524/City-Link-Better-Capital-lost-20m-on-collapse-says-Jon-Moulton.html
jaws6
31/12/2014
07:15
Sad to read media coverage of City Link criticising Moulton. Just shows most British adults are effing clueless when it comes to investing or how companies survive. Unprofitable companies fail - end of. Nobody forced Moulton to try to rescue City Link when the BCAP investment was made, and listening now to cretins representing the RMT must make him wonder why he bothered trying in the first place...
jimbo55
26/12/2014
07:37
Parcel delivery firm City Link collapses City Link, one of the UK’s biggest parcel delivery groups, which supplies John Lewis among other retailers, collapsed into administration on Christmas Eve — but it did little to calm an online buying frenzy yesterday. The Coventry-based company, owned by Better Capital, the investment company, called in administrators from EY, the professional services firm, after years of “substantial losses”. Hunter Kelly, joint administrator to City Link, said: “City Link Limited has incurred substantial losses over several years. We will provide support to employees relating to potential redundancies. We are now beginning the process of realising the company’s assets.” Complete article: http://www.thetimes.co.uk/tto/business/industries/supportservices/article4307059.ece
masurenguy
19/12/2014
17:39
Just my thoughts: Most recent nav is £225m (little cash or debt), of which Gardner is £118m, with the other 5 port cos making up the balance (see pg25 of below report). Gardner seems to be valued at approx 11 x EBITDA, so neither cheap nor expensive. Therefore, if they can really get Gardner growing then the nav is going to do very well ie 150p+ over the next 3-4yrs. If Gardner just ticks along and say 3 of the 5 other port cos do well then the nav can still tick up nicely ie 125p+. But if Gardner was to hit turbulence then the 09 fund is in trouble. Remember that the 09 fund is in distribution mode and has a final wind up date of dec 2018 (tbc). HTTP://www.bettercapital.gg/pdf/Better-Capital-PCC-Limited-30-Sept-2014.pdf
rambutan2
17/12/2014
20:26
wow someone bought 100k£ in one trade
cascudi
17/12/2014
12:27
...nice bowl
gadger
08/12/2014
16:37
more director buy RNS out
jaws6
04/12/2014
22:18
Interesting portfolio of companies. Director buying heavily
cascudi
21/11/2014
18:40
Well if 2012 and 2013 are anything to go by, all will be revealed next week when the interim results are published.
orange1
21/11/2014
15:54
Has fallen even further since my comment on March. I note it has recently bought Walkabout and Jongleurs for 20 million quid. Is it value now at these levels?
mach100
05/11/2014
12:56
Anybody there?
ursus
31/3/2014
08:34
will BUR news help BCAP ?
jaws6
29/3/2014
16:31
Has it fallen far enough? What about the investment in Jaeger? Seems willing to pump more dough in. How is Gardner doing to date if it really is the jewel in the crown?
mach100
04/2/2014
17:18
Iam still holding 40,000 shares!!!!!I am hoping that the fall has been overdone and that further info will shed more light on what may just be a blip.LT
ltinvestor
04/2/2014
16:00
No need to apologise, i'm a big boy and make my own decisions. Like you i am very surprised. I sold half this morning at 138 and will await further developments. Its been a bad day for me, MBT which is by far my biggest holding is down over 11% on about 25k worth of sells, you really couldnt make it up.
fozzie
04/2/2014
09:32
How wrong can you be? Terrible statement this morning.
fozzie
25/11/2013
10:53
I'm with you on that. Nice and safe long term hold for me as well.
fozzie
25/11/2013
09:25
Hi Fozzie,Readers digest was always going to be written down.Overall sales have picked up at Fairline with new Targa selling very well.Expect further payouts over the next 6 months and more progress with the individual businesses.The jewel in the crown though is most definitely Gardner and its involvement with the A350 which is selling extremely well.Long term hold.
ltinvestor
25/11/2013
08:48
A bit of a mixed bag and nothing thats going to get the share price moving in the near term afaics. Gardner - Significantly ahead R Digest - Fully written down now Calyx - Lower profit Santia - Higher profit Omnico - Making progress Fairline - Challenging
fozzie
22/3/2013
08:39
RNS on capital return
jaws6
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