Billing Services Share Discussion Threads

[spob] 26/5/2017 13:01

Yes whatever

the point is, Simon has declared this a buy up to 6p on the basis of "tangible" assets

[m1keg] 26/5/2017 12:58

Not sure why anyone value what is essentially a service and software company on a book value basis?

[spob] 26/5/2017 12:45

unless of course, Simon knows of 4.5p of hidden tangible assets which are not shown on the balance sheet

speak up Simon

[spob] 24/5/2017 11:05

in dollars straight from the accounts we have


000's

Total Assets(this includes all cash) $59,028

Total Liabilities $21,914

Total shareholders equity therefore = $37,114


Then we have ...


Intangibles $6,427

and

Goodwill $ 25,275


Shareholders equity minus Goodwill and Intangibles = $5,412


$5.4m dollars equals £4.16m pounds (@ 1.3 dollars to the pound)

so that equates to a net tangible asset value of NOT 6p per share but 1.5p per share

[gark] 24/5/2017 11:00

Where did you get the Simon Cawkwell numbers? He was buying this recently.

[spob] 24/5/2017 10:57

yes i have included that

[gark] 24/5/2017 10:56

They also have around $12mn in cash.

[spob] 24/5/2017 10:36

balance sheet figures are here

[spob] 24/5/2017 10:22

Simon Cawkwell


I have Total book value of £29.7m

minus intangibles of £25.4m

gives tangible net asset value of £4.3m

versus the current market cap £10.9m


where are you getting your tangible asset value figures from ?

please show your workings

[simon cawkwell] 24/5/2017 09:59

Gentlemen,

I am surprised by the share price affect this morning. After all, it was already known that an LEC problem might/would arise.

In any event, what is the earnings effect? I just do not know.

However, the tnav is still around double the current share price and presumably not merely offers support but renders the stock a buy at up to 6p.

Does anybody else propose a different analysis/comment?

Simon Cawkwell

[nick rubens] 24/5/2017 08:50

Aren't BILL dependent on these LEC's?
Sounds bad news but wasn't it expected?

[gark] 24/5/2017 07:12

As mentioned the other day, I think you will see a break up and sale of the company with a return of cash. If direct billing has taken off then perhaps things will work out differently.

[gark] 19/5/2017 12:52

I think they break it up. Let's see. Happy either way.

[m1keg] 19/5/2017 12:26

I actually think they will try to buy revenue rather than give money back, its the smart long term thing to do.

[gark] 19/5/2017 12:06

Be interested to get an update on where they stand re: return of capital. Could be getting closer to a payout soon.

[m1keg] 19/5/2017 12:04

Thanks gark

[davydoo] 19/5/2017 12:02

thanks gark, sounds impressive, and certainly rapid, wonder what numbers behind this might be?

[gark] 26/4/2017 15:16

I must say I find this share confusing and frustrating!

[galles] 26/4/2017 10:27

Cheers Gark. Still patiently holding and waiting for news on what to do with the cashpile

[gark] 26/4/2017 10:10

Large trades yesterday so think that had something to do with today's move.

[galles] 26/4/2017 09:41

Price fallen on no trades? What's happening to the price movement?