Better Capital Pcc Share Price (BCAP)

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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
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  0.00 0.0% 21.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
18.00 25.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments -42.01 -9.62 75
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 21.50 GBX
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Date Time Title Posts
25/5/202017:38BCAP imploding-
01/12/201710:46Better Capital - Better than Alchemy116

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Better Capital Pcc (BCAP) Top Chat Posts

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Posted at 29/1/2023 08:20 by Better Capital Pcc Daily Update
Better Capital Pcc Limited is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker BCAP. The last closing price for Better Capital Pcc was 21.50p.
Better Capital Pcc Limited has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 346,600,520 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Better Capital Pcc Limited is £74,519,111.80.
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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?
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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.
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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?
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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.
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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 ;-)
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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 :)
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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?
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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!
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Posted at 12/6/2017 09:16 by eezymunny
http://www.investegate.co.uk/better-capital-pccld--bcap-/rns/disposal-of-gardner-aerospace-completion/201706121000017982H/

Nice. Thanks Langland. 107p/sh to be returned.
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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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Better Capital Pcc share price data is direct from the London Stock Exchange
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