Billington Share Discussion Threads

[bamboo2] 17/11/2016 14:29

Cool. I had wondered what had been happening to the proceeds of the sales.

[madmix] 17/11/2016 14:26

"The Directors have been advised by the trustees that this transaction now concludes the series of Ordinary Share sales undertaken by the trustees."

Confirmation that they've finished!

[bamboo2] 17/11/2016 10:43

None to buy online at the moment, have to put order in.

[bamboo2] 17/11/2016 10:35

Personally I think they are bound to report this weeks transactions.

Anyway, I rechecked all the figures last night, and the last few days sales tally with the holding, so in a way it's irrelevant.

[battlebus2] 17/11/2016 10:20

Good to hear Bamboo2, not sure if they will declare they've sold out entirely but hope they will, any buying should see us move higher. Imv DYOR

[bamboo2] 17/11/2016 08:05

Hi bb2, I think you are right. That should be it for the ebt. Have taken starter position this morning. Chart tp=290

[battlebus2] 16/11/2016 18:13

37k sale at 205 so maybe another reduction in the EBT holding.

[rhomboid] 15/11/2016 16:42

This is one of my most frustrating holdings, persistent undervaluation but value will out as the trading performance drives the share price rather than the other way round...

[pj 1] 15/11/2016 16:39

Do you think we may have jumped the gun just a little bit? :-0

[battlebus2] 15/11/2016 14:44

Nearly back where we started lol

[battlebus2] 15/11/2016 13:32

A few more sales coming in, it's either PI's taking profit or the EBT selling a few more.

[battlebus2] 15/11/2016 13:19

Thanks Bamboo2, It was only a matter of time, should head back towards £3 again in time. If the 43k remaining clear we should bounce again. All imv DYOR.

Nice one SJ missed the trades myself.

[bamboo2] 15/11/2016 12:40

Looks good. Well done to holders.
bb2, the price never did cross the neck line to confirm the H&S

15/11/16 rns listed 356,912 still held in ebt

Total sales today 313,208

43704 still to surface.

edit 16/11/2016
a further 10,091 shares sold later on 15/11/2016.
Assuming they are all ebt shares, that leaves 33613 to be sold

[sailing john] 15/11/2016 11:50

Yes luckily spotted trades and assumed EBT
Managed to add a few at 214p - immediately moved price
Hopefully EBT nearly out and we can move back to fair value!
GL - SJ

[pj 1] 15/11/2016 11:45

Out of no-where +8%

[madmix] 15/11/2016 11:39

Looks like that dreaded EBT overhang has finally cleared!

[battlebus2] 24/10/2016 10:24

Good to see you here PJ... Only a matter of time before the EBT selling has finished.

[scotchbroth] 24/10/2016 09:38

EBT back on the offer again. You can buy 25,000 shares at 216.7p atm.

[pj 1] 24/10/2016 08:48

With such an intelligent and good looking array of Posters how can a Man resist?

[extrader] 21/10/2016 19:43

PM seen -tks ! I'd already sent my Q by the time I saw yr PM, interesting to see how any reply that I might get (I'm not -yet - a shareholder) compares....

ATB

[extrader] 21/10/2016 16:12

Hi guys,

Thanks for the feedback.

I'll email the co. Not on twitter, I'm afraid - you could pm me here, rhomboid !

ATB

[rhomboid] 21/10/2016 13:42

HI ET

Are you on Twitter, if so message me!

[battlebus2] 21/10/2016 13:08

Hi Extrader, yes we would all like to know the same. Why are they happy to take 212p when a while back they could have got closer to £3. Try emailing the co.

[extrader] 21/10/2016 12:51

Hi guys,

I'm trying to get a handle on the EBT angle, which seems to be artificially depressing BILN's share price and therefore may represent a buying opportunity.

This all appears to have kicked off back in Jan 2016 with the flwg RNS :

07 January 2016

Billington Holdings Plc

("The Company" or "Billington")

Trading by Employee Benefit Trust

The Company confirms that it has received notice that on 6 January 2016, Bedell Trustees Limited as trustee of the Billington Holdings ESOP Trust disposed of 700,000 Ordinary Shares for nil consideration, accordingly Bedell Trustees Limited, as trustee of the Billington Holdings ESOP Trust, now holds 645,869 Ordinary Shares representing 4.993% of the total issued share capital of the Company.

At the same time, the Company has received notice that on the same date, Bedell Trustees Limited, as trustee for the Billington Holdings Plc Employee Share Ownership Trust has acquired 700,000 Ordinary Shares in the Company, for nil consideration, and accordingly now holds 700,000 Ordinary Shares which represents 5.412% of the issued share capital.

The Company is aware that Bedell Trustees Limited, as trustee for the various Billington Employee Trusts, has restructured its shareholding to facilitate the introduction of a number of new employee share option arrangements and any future option arrangements that may be established in the future.

So it appears that :
- prior to 7th Jan the Trustees for the then-existing ESOP(s) held 1,345,869 shares in the co, representing a hefty 10.405% of total shares;
- post 7th Jan 'oldESOP' held 645,869 / 4.993% (significant ? as now below 5%) and 'newESOP - 'PLC' - held 700,000 / 5.412 % of the capital.

The options under the 'old ESOP' had all vested by 1/1/2005 and as at 31/12 2015 there were per the A/R no options outstanding.

It's not clear (to me at least) from the RNS s released recently which ESOP has been selling down (old, new or a combination) and whether it makes a difference.

The major shareholders, apart from the ESOP(s), are Gutenga Investments PCC (49.9%) and Tarom Foundation (11.2%), the latter in turn owned 49.77% by the former. Both seem to be ultimately Liechtenstein Anstalt type companies, represented on BILN's Board by NED Alexander Ospelt.

Whoever is behind the 2 Anstalts already effectively controls the company, I'm curious why they apparently want to reduce the ESOP stake, to the (short term ?) detriment of the share price.

Any ideas as to what might be going on ?

ATB