Billing Services Share Discussion Threads

[gark] 31/3/2014 20:47

Debt down to 13.5mn, hopefully a decent court outcome and we can see 8p plus again. Will be producing market cap in dividends every year soon.

[lagosboy] 31/3/2014 11:38

totally agree

[gark] 28/3/2014 22:09

Read it, fine on business done is restricted to 3 voicemail services, fine is restricted to period between July 2009 and March 2010, judge found Bill in partial contempt only, judge registered that Bill only made 3% of the total charged and Judge said that the court and FTC should avoid Double Recovery. How is that bad?

[trentendboy] 28/3/2014 21:58

Explain the good news in the RNS.

The judge does not want the fine restricted on a technicality.

The final size may be higher or lower than the provision.

Why can the RNS be read positively?

[lagosboy] 28/3/2014 21:54

trent end boy - this a board for sensible discussion unlike so many others

[gark] 28/3/2014 16:51

And guess what someone buys 100,000. Further debt repaid next week.

[gark] 28/3/2014 15:51

How can you say the market thinks it is bad news? Not a single share has traded! You have one MM taking it down and another trying to take it up.

[m1keg] 28/3/2014 15:38

Thats a very well reasoned and thoughtful post, now get out of the pub and go home.

[trentendboy] 28/3/2014 15:28

market thinks it is bad news clearly.

Looks bad to me. Contempt is one thing but the judge wants it opened to be able to increase the fine.

This is hard to intrepret but if good news the firm may have hinted as such

[gark] 28/3/2014 10:09

No idea but if as they say it is "considerably more limited" and they earned 3% of the $52mn damages being claimed, I hope it is more like $2-3mn.

[21trader] 28/3/2014 10:01

Ok gark I do not understand the legal jargon but if that is what it is basically saying then yes it will be good news in the long run. Have you a estimate to what
damages might be ?

[gark] 28/3/2014 09:56

That is okay in that as stated it is considerably more limited than the FTC action so if we can settle for a much lower amount then good news.

[21trader] 28/3/2014 09:47

News do not think it is positive

Report and Recommendation of the United States Magistrate Judge

BSG, a leading provider of telecommunications clearing and financial settlement products, Wi-Fi data solutions and verification services, announces that yesterday, Magistrate Judge Henry Bemporad issued his Report and Recommendation in which he recommends granting in part the Federal Trade Commission's ('FTC') request for an order of contempt, but because the contempt finding recommended is considerably more limited than that suggested by the FTC, Judge Bemporad further recommends that additional proceedings be held in advance of any determination of damages.

The Magistrate's Report and Recommendation is subject to objections and additional consideration by Chief U.S. District Court Judge Fred Biery before ruling on whether to accept the recommendation.

The Company is reviewing the report and more information will be provided as it becomes available.

[gark] 28/3/2014 08:57

It was a contempt case and brought by a Federal institution. If they were in contempt then the judge would have ruled on this in January. More likely the case that the Judge is making sure that if Bill are not in contempt the facts and the law backing his decision are well researched and stack up. That's my view.

[lagosboy] 28/3/2014 08:34

[...]


Gark - would be interested to learn your view/ understanding of this, ahead of finding time to look more closely.

Thks

[gark] 28/3/2014 08:30

Good news I think. If it was easy to slap a fine on them they would have done so. The judge is making sure his judgement stacks up so I think that we will see a more favourable outcome.

[m1keg] 28/3/2014 08:11

Well well, is that good or bad news?

[gark] 26/3/2014 22:30

Last hearing was in December so Judge is working on judgement which should be out in month or two.

[trentendboy] 26/3/2014 20:13

But we have no idea when it will be resolved? Do the company know nothing?

[gark] 26/3/2014 14:27

Agreed. I think that once FTC is resolved this will grow into a substantial business trading at multiples of today's price.

[lagosboy] 26/3/2014 14:15

I should ignore daily share price movements Gark - no market here, as 21 trader says FTC crucial and 'IF' wireless business develops then share price will be multiple of today's share price - but these are big IF's.

Billings has a history of announcing bad news ahead of time or guiding for worst outcome - so I view the results/language as a positive.

[gark] 25/3/2014 22:07

More buys than sells, results in line and goes down 10%?

[21trader] 25/3/2014 16:12

Not great were they. This is turning out to be a all or nothing gamble on the FTC lawsuit.

[lagosboy] 25/3/2014 10:14

Trent

My view is that they are not going to wipe out a company providing fixed line billing services to thousands of American Citizens.

I expect a couple million settlement at worst, at best a slap on the wrists.

Anything more sinister- if you were Norm would you be developing a new business within the same corporate entity ?

I understand your view of the risk all the same.

[trentendboy] 25/3/2014 09:38

Not even news on time scales.

The fear is that the total cost is much higher than they have provisioned for and it wipes them out.

Look at the UK misselling issues that rumble on and on with ever increasing costs.

Shame but too risky