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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Billing Services Group Limited | BILL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.45 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.45 | 0.45 |
| Top Posts |
|---|
Posted at 09/2/2023 19:56 by lichtgestalt85 I think the company still exists and is still liquidating the remaining assets.Is someone attending the master Investor show in London,? Someone can ask Jim Mellon whats going in. |
Posted at 27/3/2020 09:47 by cjohn Yes, this nearly 2.4 p dividend per share really vindicates investors here.My overall average buy price was below 2p. And last year they paid out a divi of 0.5p. And there is more to come, if they can sell off the other two divisions as well. |
Posted at 04/10/2019 19:20 by cjohn Samckeraim 3 Oct '19 - 19:14 - 3780 of 37800 0 0 Somehow I don't think the intelligent investor was targeted at micro cap companies that nobody is interested in, and have nothing to offer investors except decline. Could I suggest you actually get a copy of Intelligent Investor and read it? "micro cap companies that nobody is interested in." You, for one, clearly are interested. I'm another. Several other posters are interested too. There are probably a good score of investors in the company. Don't fool yourself with rhetoric. I have made a very decent living for many years in small and micro caps with deep value characteristics. That's my job. It gives me freedom and money. Deep value investing is not something that appeals to the vast majority of investors. But you, personally, could do some reading and widen your investment horizons. |
Posted at 03/10/2019 19:14 by smackeraim Somehow I don't think the intelligent investor was targeted at micro cap companies that nobody is interested in, and have nothing to offer investors except decline.Regards the "other business".. well.. "Combined revenues from these two business lines compare favorably to last year, but in an amount insufficient to offset the revenue decline in our legacy business line." One is in terminal decline and the others cannot offset that decline. Not much value moving forward there then. I expect this will be at 1 or 1.5p when the "dividend" gets paid. A complete false economy to those who bought in. |
Posted at 03/10/2019 10:11 by cjohn The fixed line business is in terminal decline. The rest of the business isn't.The value of net cash alone is higher than the current market cap. This includes zero value for other company assets or indeed for the parts of the business that are growing and making money. Most investors here stand in the tradition of Ben Graham's deep value investing. You could have a read of "The Intelligent Investor". You might find it persuasive. There are also numerous modern summaries, if you are not a great reader. |
Posted at 20/9/2019 12:33 by cjohn Hi Dave,Knowledge and research are keys to outperformance. The fact that this sort of value stock is perennially unpopular with the vast majority of private and institutional investors gives great opportunities for the small minority of value investors. I look on my screen and discover that on average I'm down 10% on my various buys here. But they paid a hefty 0.6p dividend recently. Worth almost 30% of my original buy price. A really good bargain, even taking into account the poor prospects of the fixed-line business. |
Posted at 20/9/2019 10:04 by cjohn These were good results; somewhat better than I expected.The company broke even, in spite of the expected revenue declines from the fixed-line business. This is a considerable achievement. The wireless and other utility businesses increased turnover. And gross margins are very healthy. The decline in working capital from $6.6m to $5.4m reflects not only the $1.3m dividend paid, but also movements in payables and receivables that may well reverse in the upcoming period. So with a market cap of 3.3m sterling (2.05p) as I write, these are trading at a marked discount to current assets and net cash of about 5.8m sterling. They have ample cash for further returns to shareholders and the business is breaking even. The main risk is that remaining local exchange carriers (LECs) exit third-party billing. This would reduce revenues more precipitately in the fixed-line business and push the company back into loss. However, the cheapness of the stock gives a wide margin of safety to investors. |
Posted at 07/12/2017 10:20 by davydoo If the full tender offer is going to be subscribed, then someone here has to sellJim Mellon 28.60 Hawkeye Capital Management 22.80 Ingot Capital Management 14.62 Phipps & Company, LLC 6.98 Lombard Odier Investment Managers 5.50 Hartley SIPP 5.45 taken from hxxps://www.bsgclear All of whom would be doing so at a loss. So the co may be offering to buy 41%, but there's only 16% remaining beyond these significant shareholders, and Tiger and I hold almost 1% |
Posted at 06/12/2017 14:55 by my retirement fund Ive seen Mellon stitch private investors up so many times now. The worst one was a German real estate fund. If its got his name eithet on the register or board somewhere you need to get your barge pole out double quick! |
Posted at 29/3/2017 20:34 by topvest Because I'm interested, that's why! BBs are for negative as well as positive views. And no I don't short any stocks. I'm a long only investor. As for Jim Mellon he doesn't seem to be much of an investor in my view. Name me one good company he has invested in? Both Jim Mellon and Nigel Wray are NOT the UKs answer to Warren Buffet. Think Nick Train takes that prize if anyone does! |
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