Bglobal Share Discussion Threads

[matt123d] 10/5/2011 11:43

Financials have their relevance but this is falling due to future uncertainties.

Would you buy this business now at this market cap with a view to selling it for a profit in the future?

The discussion on cash is only relevant as to the survival of the business as the previous cash generation will not be the same going forward.

The chart is indicating this is under distribution and certainly not much demand about at these levels.

[wjccghcc] 10/5/2011 11:21

No it's not - if you have a £500 cash balance in your bank account and a mortgage of £100,000, you have a cash balance of £500 but net cash of -£99,500.

They may well be generating cash but from the information given, you can't tell what the real balance sheet picture is until we get the final results.

[weatherman] 10/5/2011 11:02

Surely a cash balance is already a balance between cash and debt. Or is too simple?

[wjccghcc] 10/5/2011 09:53

weatherman, my point is that yes, they had cash balances of 4.7mm at the interims,but they also had debt of 4mm so net cash was only 700k. The fact that they now have cash balances of 7mm is meaningless unless they disclose the debt that needs to be offset against it.

[weatherman] 10/5/2011 09:49

Cash balances increased from £4.7m to £7m in last 6 months. At current price that is a price to Cash Generation multiple of only 5. Coming year will be more difficult, but it looks good for the future. I will see how price responds in coming days/weeks and may buy some more.

[wjccghcc] 10/5/2011 09:46

weatherman, the cash is not net cash. They also have debt which they neglect to mention. Anyone can increase their cash balances by drawing down on their loans.

[weatherman] 10/5/2011 09:44

matt - why not read balance sheets instead of only looking at charts.

[matt123d] 10/5/2011 09:00

Right on the bottom of the trend channel now. Failure of 20p will open up a new steeper downward channel with a target of 10p.

[dnfa1975] 10/5/2011 08:55

no wonder the directors resigned

[weatherman] 10/5/2011 08:54

Short term pain, longer term good. good cash levels of £7m

[vatteton] 09/5/2011 10:13

Thank you for your recent email. As I am sure you will appreciate, as a public company we are not at liberty to let one shareholder know of positive or negative news without letting all of the other shareholders know at the same time. Our year end was 31 March and we will be making an announcement this week to give the market a trading update.



The Government also recently made an announcement concerning the rollout of smart meters in the UK and we have been busy considering the detail of this announcement so that we can let shareholders know what implications it has for Bglobal. Rather than coming out with a hasty response we felt it sensible to ensure that we deliver a considered view and I would hope that you will support this approach.



I trust that the above is satisfactory for your purposes but please let me know if you have any further questions or concerns.



Regards



Tim

[g2theary] 07/5/2011 01:15

Is this fall down to the big Power companies ie BG supplying their own smart meters? That's the only reason I can think of. However if BGBL continue to increase profits then surly these are going to bounce before results. I have been watching these since July 2009 and I was looking to possibly buy at 30 however went with the trend so still on the side line with 1000 of these. Any opinions?

[matt123d] 06/5/2011 19:25

Short here. Bottom of the trend channel in the region of 20p.

Still quite a bit of supply about at these levels.

[takeatip] 06/5/2011 19:17

Looking at the price something not right here

[takeatip] 04/5/2011 22:09

No better news from the master installer if anything less work than last time I spoke.

[beeezzz] 03/5/2011 11:41

Large trade 2M shares, is that samsung buying?

[vatteton] 18/4/2011 15:40

Sorry double post

[vatteton] 18/4/2011 15:39

It is allways going to be a difficult stock.
A. aim
B. seaq

[vatteton] 18/4/2011 15:39

It is allways going to be a difficult stock.
A. aim
B. seaq

[vatteton] 18/4/2011 15:26

Nothing to reason to-days sell down, Imo it makes it more palitable for Samsung to take the stake i was expecting with the Mou

[g2theary] 18/4/2011 15:18

poss to get the price cheaper before there results? I want to buy these again when they are as cheap as possible so I like the drop! has anyone read anything?

[grannyboy] 18/4/2011 14:06

Why the drop, anyone have an inkling???????

[matt123d] 18/4/2011 11:25

If 30p fails can see these falling quite a bit lower, maybe 25p looks the next level of support.

[takeatip] 08/4/2011 21:02

Pleased to say they had a bit of a clear out today lets hope the right people went.

[takeatip] 07/4/2011 18:42

Doubt if he can on what B Global pays. Still they will have to pay more when the market opens and all the others are advertising for the same few fitters. Just a small holding for me and I happen to of come across one of their fitters. On the radar though.