Bglobal Share Discussion Threads

[substp] 16/7/2010 16:38

Last IC view: Buy, 47p, 12 Mar 2010

[julcester] 16/7/2010 16:09

Whilst the IC has about as much credibility as a luminous poster on a lampost, inviting me to earn £60k a month whilst working 2 hours a day... it is right this time.

[penpont] 16/7/2010 15:53

The IC reiterated their buy tip in today's issue, concluding:

'With revenues set to double again this year, and the shares trading on a modest forward PE ratio of nine, the investment case remains as compelling as ever. So, although Bglobal shares have drifted down since our buy tip (52p, 8 Jan 2010), we reiterate that advice. Buy.'

[substp] 14/7/2010 04:04

???? Was this what they are referring to ?

Strategy
Bglobal Metering was set up to exploit the smart metering, data collection and energy management
opportunities in the UK. The UK energy market is highly competitive and has seen significant deregulation over recent years due to the unbundling of distribution, transmission, and services away from energy supply.
As a result there exists a high degree of competition for energy customers who have the ability to change
suppliers at short notice. This has led to many energy suppliers being reluctant to introduce smart meters to
their customers as they risk being left with a stranded asset (smart meter) if the customer changes supplier.

Through financing arrangements in place with Macquarie, Bglobal Metering believes it has developed a way
of reducing the risk of stranded assets for British Gas and Npower. Bglobal Metering has signed a contract
with Macquarie whereby Bglobal Metering is appointed as the agent of Macquarie to purchase meters and
enter into hiring agreements with British Gas and Npower. Once installed, Macquarie has ownership of the
assets, and should the customer switch energy supplier away from British Gas or Npower, Macquarie will
seek to transfer the lease to the incoming energy supplier.

[substp] 14/7/2010 03:35

Bglobal has agreements with the likes of Npower and British Gas. It only works with commercial premises and is responsible for more than 100,000 meters, accounting for 1.5 per cent of UK electricity consumption. But the Labour government said it wanted more than 20m domestic electricity meters replaced by 2020. Mr Barnes said the coalition government could bring that forward this year to 2016-17.

Nick Kennedy, finance director, said the programme's success would depend on finding up to £4bn finance to pay for the meters. Bglobal sells meters to infrastructure funds such as Macquarie, the Australian bank, which then rent them to power suppliers that would find it hard to meet the capital cost.

"The market was moved by the introduction of our funding model in 2006 and we are ready to do it again," said Mr Kennedy.

"If that announcement comes we will have a roll out and read proposition ready."

[2trying] 13/7/2010 19:27

This is from my local newspaper .
Please read then continue reading down , and read the comments !

I would like to reply to them , as I am registered to post .
Any chance of a link so I can post the source of 376 ?

Anyone who wishes to register with The lancashire Telegraph and post whatever they feel like , is of course free to do so !!

John .

[julcester] 13/7/2010 08:25

yep, bought a few more this morning

[weatherman] 13/7/2010 08:02

Looks good.

[julcester] 01/7/2010 16:46

It will be an interesting read.

[substp] 01/7/2010 16:42

It's here ........Have we come near to breaking even over the last few months of the financial year ? What has happened the last two months ? ...... and most important....... The Forward Statement !

They have added a new article about the competition at Sustainability Live on their web site .

They have also updated the "shares in issue" page which includes the top five holders .

Will OFGEM start laying down the law about Smart Meters in the near future ?

[mattjos] 30/6/2010 14:15

Measurement of how much energy you use will become a greater focus as time goes on

[substp] 23/6/2010 11:37

A 500,000 buy ?

[substp] 18/6/2010 09:38

Interesting article .....

"There's hope that might begin to change after July 1, when Ofgem is expected to release a prospectus outlining more details about what Britain's regulatory and commercial framework for smart meters should look like."



I believe Bglobal fits the bill on many of his points ......

[substp] 16/6/2010 11:58

An open offer is similar to a rights issue, in that shareholders are entitled to buy newly issued shares in proportion to their existing holdings. Unlike a rights issue, an open offer does not allow shareholders to sell the right to subscribe to shares - the shareholders have an entitlement rather than a tradeable right to subscribe to new shares. For this reason an open offer is sometimes called an entitlement issue.

..."Any entitlement that is not taken up is simply allowed to laps, or the shares are sold to another party with no compensation to the original shareholder for the loss in value of their holding that results from the dilution the new issue causes."...

As with a rights issue, the price of the offer is likely to be at a discount to the current share price and the effect of the open offer on the price is calculated in essentially the same way.

Rights issues are more common as they are just as effective in raising money for the company, but more convenient for those shareholders who do not wish to increase their holding, as they can simply sell the rights.

[substp] 30/5/2010 10:36

and

Service Agreement for Martin Evans
Martin Evans will enter into a service agreement with Utiligroup on Completion. The service agreement is terminable on not less than 6 months' written notice given by either party to the other at any time. Mr. Evans shall devote the whole of his time, attention and abilities during working hours
to the affairs of Utiligroup. The service agreement contains provisions for early termination in the event, inter alia, of a breach of a material term of the service agreement by Mr. Evans. The basic salary payable to Mr. Evans, is £120,000 per annum to be reviewed by the Remuneration Committee annually. Mr. Evans may be paid such discretionary bonus as is determined by the Remuneration
Committee from time to time and he is also entitled to pension contributions of 5 per cent. of his basic salary and to benefit from private health insurance.
(d)

[substp] 30/5/2010 10:24

"In order to assist in the retention, recruitment and motivation of senior
management, the Company's remuneration committee has approved the proposed grant of 3,934,651 Management Options under the 2010 LTIP (and in the case of the options proposed to be granted to Nick Kennedy, subject to Independent
Shareholder approval of Resolution 3 to be proposed at the GM) to the
individuals as detailed below:"

Has anyone paid any attention to their salaries that they are already getting ?

If they think they can do better elsewhere ................

Page 72 of the Bglobal circular is the better read .




Not bad for a minimum 25 hr work week !

[substp] 27/5/2010 03:32

Thanks Weatherman

[weatherman] 26/5/2010 19:00

Interesting FT article



They're aiming for FTSE 250

[substp] 26/5/2010 14:42

Thought for the day .......

If the Placing was oversubscribed ...... Are there Institutions buying up these cheaper shares ?

oops ...I mean existing and new shareholders.