||EPS - Basic
||Market Cap (m)
|Gas Water & Utilities
Bilby Share Discussion Threads
Showing 126 to 147 of 150 messages
|What kind of company would buy? Things like CLLN and BBY used to do this sort of thing, do they still? Homeserve? Private Equity even?
85p would suit me!|
|This will be sold off very soon at 85p imho|
|Eastbourne - it's hard to estimate what 'other costs' will look like, since some will be fixed and independent of turnover whilst others will move in line with turnover. A well-managed company will try to control these other costs through efficiencies.
It's worth saying that a service contract with a block of 100 flats will make more profit than 100 separate houses!|
|That's gross though so a bit pointless, my £10 - £20 was net profit after all costs etc, that is the key figure and it is very difficult to work out what this could be in a year or two's time.
These kind of low margin businesses are always at risk of going bust however if they are run well they can do very nicely.
If Bilby could make 3 - 5 million you should have a company worth two to five times more than the current market cap.|
|£50 you say? blimey...may add more .|
|Gross margins were about 15% at H1 2016 stage on about 200,000 properties, so gross profit per property (annualised) was around £50. (I'm being really rough here.) Then you've got other costs (central office, debt interest, depreciation, etc.). But overall profitability is geared to volume. They also said the new businesses gave bigger margins.
Haven't time just now to do any sums - will come back later. But the 2016 FY accounts will be a mess - holders have to look for a clean performance this year.|
|So Bilby is managing 300,000 properties now, I'm aware this sector is tough and margins are low however if each property made Bilby £10 - £20 a year that equates to 3 - 6 million a year in profits, whilst these calculations are very crude it does give one a bit of a guide.
If the business can only generate net profits of circa 1 million on 300,000 properties it begs the question - what's the point ?|
|runawaypaul - yes, the Sept statement says "From 1st October 2016 to date, the Group has collected in excess of £5.0m against the outstanding trade debtors. ..." but there's something missing: receivables were £14,988k and payables £10,006k - in the normal course of business both would change. How have their payables changed? Are they picking out the good bits for comment?
By the way, "using stops" is generally for spread bets. I buy real shares, so don't need use them.|
|Not really, most shares I buy won't go bust however they don't have the potential to double within 12 months.
I don't buy many small caps.
Also I never use stops.|
|aren't they all, use a stop and it seems less risky!|
The comment regarding their cash position was extremely flimsy, they should have put a lot more bone on it, the financial position is what is stopping me buying and today makes me none the wiser, there is plenty of potential for the share price to climb however I'm not totally convinced yet, the 25% free float tempts me as does the fact the founder still owns 30 - 40% so he still has a lot of skin in the game.
This sector is a pretty dodgy place to invest however the fact this has fallen so much already takes some of the risk away.
Still more questions than answers imho and this is very much a doubler / trebler or lose the lot type investment.|
" The September statement said that since October 1st the company had collected over £5 million in outstanding debts, so with the six months normal positive cashflow the net debt in the September statement of £6.9 million will be hopefully almost eliminated."
cant see a placing myself...or if there was likely to be at a premium imo.
with the debt gone this looks v cheap.gl|
|Eastbourne (post #130) - at 30/09 they had cash 689k, debt 6821k hence a negative cash position. They seem to be saying that at 31/03 (year end) they will have net cash, which I think a bit unlikely. On the other hand, they could just be saying that cash has improved relative to debt - ie. still net debt. Not a very clear sentence.
As for a fundraising (post #133) I'd like to know why, as well! You tend not to want to do this with your share price on the floor: it would be a sign of desperation. On the other hand, they seem to see business expansion ahead, and this needs financing. They could argue that raising share capital to repay debt and expand the new contracts is a good idea. To which I'd say generate some cash from existing activities before taking on new ones.
So it's very fluid: Simon Thompson in the IC is positive and reckoned them a buy at a much higher price at H1 stage.|
|I like the renewal of contract and the new one too!
I don't like the cash reserve: £119,000 and especially the new broker: Northland Capital Partners.
I can smell a fund raising coming in the very near future.|
very healthy L2:
Time Market Maker Size Price
08:03:00 F 3000 41
07:56:00 PEEL LO 3000 40
07:52:00 CNKS LO 3000 39
Price Size Market Maker Time
42 3000 F 08:00:00
44 3000 CNKS LO 07:52:00
46 3000 F 08:03:00
47 3000 PEEL LO 07:56:00|
|in with a few too gl|
|The trading update says = This has resulted in a strengthened positive cash position at the year-end.
What does this actually mean, is there no debt ? More clarity needed here.|
|I see the intangibles situation: they're buy-and-build in a service industry where a customer list and skilled workforce (neither of which are on balance sheet) count for more than equipment which is usually leased. Trouble is, if they don't have skilled management they'll lose custom and have to write down the goodwill leaving a worthless shell.
Management do seem to be paying themselves rather well, maybe they think they're good.
Anyway, I bought some just now, so we'll give them a go.|
|Ok, I'm in for a few....this company seems harshly treated and at this level I think there is great upside potential|
king kong dong
|Also, Phil Coppolo is getting on and I suspect looking to crystallise his gain, the BDO is of the same ilk I think. The only downside is that all of the work is domestic, no commercial activities where margins are higher, maybe that's a route for them.|
|There is a lot of goodwill but the contracts are long term and the spin off work is massively profitable, any FM company would love this business as part of a group.|
|A bid target? The free float is 26%, the Copolo family hold about 40%.
All those intangibles - did they splurge on acquisitions?|