Bilby Share Discussion Threads

[nico115] 24/4/2019 16:03

And u are doing your Kishkas mate Walnuts squeezed in Boku Ouch

[nico115] 22/4/2019 17:20

You still short Boku at 80p!Ouch ouch Boku will be 3 qd easy

[chimers] 12/4/2019 18:23

It is as if I am from the future innit!!

[nico115] 09/4/2019 15:01

Is someone wanted to acquire Bilby this would be a perfect time to do itInstitutions would happily take 60p and this would be a steal for a bigger company wiping away the central costs and having merger benefitsWouldn't surprise me if we saw an approach here

[nico115] 07/4/2019 10:05

Win the institutions ousting EllinghamI wonder if he will now get sued for conducting a placing in the knowledge that the 6 month figs has a major profits warning ?In which case all placees will get their money back

[nico115] 05/4/2019 18:33

So the opposite of Ellingham who wanted to increase debt at the expense of profits I'm delighted with today's news ,gives shareholders a lifeline

[danny baker] 05/4/2019 14:40

Anyone buying these shares at the moment is buying a pig in a poke. There is a potentially major contractual liability for damages as a result of Bilby walking away from the contract with Amey for the MOD properties. There could be millions of pounds worth of receivables which now won't be paid. Amey are struggling after a disastrous Birmingham highways contract and have been put up for sale by their owner Ferrovial. Amey won't be in any mood to play nicely and will try and screw Bilby for the maximum possible. I welcome the new guy but he has a tough task ahead. I would expect in due course a settlement to be reached with Amey which will be announced together with a placing and a nice options package for him. All in my opinion. DYOR.

[nico115] 05/4/2019 12:47

Yes totally agreeEllingham got promoted to stuff the institutions with Copelos stock He now leaves a very happy man indeed,probably shocked he got away with it

[callumross] 05/4/2019 09:29

The problem with even considering buying this share is that the new man is going to kitchen sink this with a further profit warning, write offs and a fund raise. Then, and only then, should anyone consider buying into this one as a recovery play, but could easily be at half todays share price.

[nico115] 05/4/2019 08:40

Yes Ellingham will be laughing all the way to the bank!!Ruined this companyHey ho ,pleased he's gone Hopefully Mr Bullen can turn this around

[elsa7878] 05/4/2019 08:37

Market cap £10 million, debt probably over £10 million now - was £8 million plus acquisition plus loss. Needs a £5 million raise minimum. Doubtless Ellingham will be off to enjoy himself with a lovely contribution from the boys who sold at £1...

[nico115] 05/4/2019 08:06

Agreed,I think there is likely to be a placing to improve our balance sheet and we should get good institutional backing for it Under Ellingham we were going bust and shareholders didn't trust him At least now we have a chance

[jonwig] 05/4/2019 07:51

nico - not sure there's much to kitchen-sin - intangibles can be ignored in any case.

The gross margin seems OK at 23%, but receivables look consistently high. You'd think they would be paid upfont on such things as annual contracts. The overdraft could be paid off if they collected their bills in good time.

[nico115] 05/4/2019 07:34

Rather he got an options package than we continued to pay Ellingham who seemed clueless and was to bake for the placing fiasco I'm sure he will kitchen sink this and may have to raise funds Anyway small positive as I see it

[jonwig] 05/4/2019 07:27

New CEO, Ellingham out "to pursue other business".



David Bullen was CEO of Anpario [ANP] for a few years and seems to have done a decent job there, though it's a company I know little about. What will his first achievement be here? bag an options package?

[nico115] 05/4/2019 07:12

He's gone!!Had to happen after the placing fiasco And all of you said not a factor !!

[escapetohome] 04/4/2019 22:35

Got my eye on this.

Not yet bought in though.

[nico115] 04/4/2019 19:03

He probably wants it to go to the dogs He got Copelo out at 100p..I wander what he will put him back in at?Amazed the institutions who were told to buy at 100p by Ellingham haven't ousted him yet Let's hope the Fca do something about the Stanford placing

[a2584728] 04/4/2019 18:08

Me Elsenham. Since you took control of the board the share price and been decimated. Are you going to speak to PI and update them or just watch your company go to the dogs. You must have an action plan to retrieve the situation. Are you going to share it with us ?