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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Biocare | BSN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.00 | 1.00 |
| Top Posts |
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Posted at 03/10/2008 16:35 by collijo Could be light at the end of the tunnel here with RAB locking in investors for 3 years.Hopefully they can still save BSN. |
Posted at 25/6/2008 22:05 by tornadodown Nite nite cry baby. A person once said to me it's the Private Investor versus the Market and if you can take a profit then why not as you have beat the system. |
Posted at 03/6/2008 12:30 by paddywak1967 not really clutching at straws more talking aloud. I'm not an investor but am interested in what is currently going on. Can't believe the company haven't issued some kind of RNS clarifying the situation.....especi |
Posted at 25/6/2001 18:23 by morose Today's rise - Couldn't it be a carrot to persuade investors to take up their rights? |
Posted at 15/6/2001 17:04 by superpete Investors need to exercise caution imho and bear in mind that BSN cannot say when they expect to be making money. |
Posted at 14/6/2001 12:40 by superpete Here we go again with a 17.1% drop this time down 1.5p to bid 6.5p offer 7.75p.After previous post believe that I saw an intraday offer price as high as 10pJust hope not too many novice investors have got sucked into this one.Companies with cash burn and financincing problems are probably better left to the experienced short term investor who know what they are doing and can trade in and out quickly.High risk-bad news, for in worse case scenario companies can and do go bust. A proposed 270m issue of shares if successful is a huge dilution and I can't see any positives in the AFX below.Suggested personal view of 6p/7p above now looking overly optimistic. Reaffirms my view of 'do not touch with a bargepole' and 'dial a dog' label.Got my timing wrong and lost money twice on this one.Really got my fingers burned first time. Gambled a second time on endeavour to recoup earlier losses (£3K loss)when I first started investing-serves me right as was sitting on a £2K profit at one point).Thankfully not a third time as I had learned my lessons and even tempted with a small £500 punt.I'm looking back with over two years in hindsight,up to 240p and right down to current levels. Hopefully investors have sold on stop loss system or not sitting on huge losses.Good luck to those currently holding in whatever you decide.Personal views,imho,dyor etc. LONDON (AFX) - Bright Station PLC warned it would face insolvency if its plans for refinancing the group with a placing and open offer are not completed. The company aims to raise about 12 mln stg and said this together with a bridging loan of around 1.5 mln stg would provide enough funds to keep the group going for at least the next 12 months. However, Bright Station also warned there is no guarantee that it will reach overall profitability in the near term. Under the placing, the group is issuing 270 mln new ordinary shares, or 156 pct of the company's existing issued share capital. And under the open offer qualifying shareholders have the right to apply for up to 138.7 mln of the new ordinary shares at the issue price of 5 pence a share. Bright Station said its continuing businesses as a whole have not yet achieved the level of revenues necessary to provide the group with operating profits. It plans to use the proceeds from the placing and offer to invest in building the profile and sales pipeline of its Smartlogik business but added that although the board expects strong revenue growth, "this investment will have a consequential impact on earnings for the year." Smartlogik provides search technologies and knowledge management products to companies and internet portals. The company said Smartlogik "continues to trade satisfactorily" taking into account the disruption caused by the group's financial woes and added the group's name will be changed to Smartlogik Group PLC on completion of its refinancing. cw/ For more information and to contact AFX: www.afxnews.com and www.afxpress.com |
Posted at 06/6/2001 13:27 by superpete BSN now trading bid 7.5p offer 8.5p.This share does not come without some risks imho, even at these lowly levels.The placing of the 270m shares could in my view lower share price to say 6p/7p others may say 5p/6p or less.Investors can be encouraged or sucked in to trading a share higher only to see it fall back.That's the gamble-for novice investors be careful and if you punt on this one go in with your eyes open.More likely to lose.You either make or lose money on this one, which will take some time to throw off the title "Dial-a-Dog" whatever they re-name themselves.Personal views,imho,dyor etc. |
Posted at 31/5/2001 18:58 by superpete Spear,These speculative companies are always a 50/50 punt/gamble on how they trade;Scoot & QXL are other recent examples.Hopefully not too many investors 'impulse' bought without doing proper research or weighing up risk/reward. BSN formerly known as Dialogue or more popularly referred to in the press as "Dial-a-dog" has had it's history and catalogue of problems well publicized. I know the company well and was not tempted to gamble until financing sorted out as it has the makings of another Money Channel,Save etc. Share opened at 8.5/9.5 rose to 10/11 and closed 7/8.5p.Some investors may have sold if operating 'a stop loss'. Those buying at 11p now sitting on a 36.36% loss. I guess open tomorrow will be very much influenced by what the mornings press have to say.A placing of extra 270m shares if taken up is not good news for in anyones language and subsequent dilution in share price. Good Luck to all holders. Best Wishes Pete:) |
Posted at 31/5/2001 15:51 by superpete With financing problems and proposed placing of 270m shares can't see share staying above 5p ?RNS Number:4899E Bright Station PLC 31 May 2001 31 May 2001 Bright Station Plc ("Bright Station" or "the Company") Placing of 270,000,000 new ordinary shares of 1p each ("New Ordinary Shares") on behalf of the Company at 5p per share incorporating an open offer of up to 138,661,969 New Ordinary Shares on the basis of 4 shares for every 5 held (the "Placing and Open Offer") On 30 April 2001, your Board announced that Bright Station required additional funds in the immediate short term to secure the Company's financial position. Today the Board announces that it has secured placing commitments from institutional investors to raise approximately #12 million (net of expenses) through the issue of 270,000,000 New Ordinary Shares at 5 pence each (the " Issue Price"). Although the Placing and Open Offer will result in dilution of existing shareholders, shareholders will be given the opportunity of subscribing for a proportion of the New Ordinary Shares on the basis of 4 New Ordinary Shares for every 5 existing Ordinary Shares held. Your Directors believe that the Placing and Open Offer is the best option available to the Company given its current financial position. The placing commitments are conditional upon, inter alia, shareholder approval and a prospectus being sent to shareholders which contains a working capital statement which is compliant with the Listing Rules and unqualified except as to Admission. In this regard the Company believes that it would be prudent to secure a bridge financing facility to cover the period until receipt of the funds from the Placing and Open Offer. Advanced discussions with providers of bridge financing are ongoing and the Board is confident that this facility will be secured in the near term. It is currently proposed that 270,000,000 New Ordinary Shares will be issued in connection with the Placing and Open Offer to raise #13.5 million (gross). Under the proposed Open Offer, up to 138,661,969 of the New Ordinary Shares will be offered to qualifying shareholders (the "Open Offer Shares") at the Issue Price on the basis of 4 Open Offer Shares for every 5 existing Ordinary Shares held. Accordingly, the Open Offer Shares have been placed with institutional investors by Hoare Govett as agent for the Company, subject to clawback under the Open Offer, and the remaining 131,338,031 New Ordinary Shares are being placed firm. The New Ordinary Shares will rank pari passu in all respects with the Company's existing ordinary shares. The proceeds from the Placing and Open Offer will be focused on the Group's core Smartlogik subsidiary, which provides search technologies and knowledge management solutions to corporations and Internet portals. The Board is in the process of closing what remains of both its Sparza and OfficeShopper businesses, neither of which is currently trading, as well as continuing to reduce its head office staff and other costs. To reflect this restructuring, it is proposed that the Company will be renamed Smartlogik plc with the following directors of the Smartlogik subsidiary appointed to the Company's Board: David Jefferies CBE (Non-executive Chairman), Stephen Hill (Chief Executive Officer), Simon Canham (Chief Financial Officer) and Jim Bair (Non-executive Director). All of the existing directors of the Company, with the exception of Robert Lomnitz, will resign from the Board on completion of the Placing and Open Offer. It is proposed that a circular comprising a prospectus will be issued as soon as practicable. The circular will contain a notice convening an extraordinary general meeting of the Company to approve the Placing and Open Offer and related proposals. Application will also be made for the New Ordinary Shares to be admitted to listing on the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities. A separate announcement containing the Bright Station results for the first quarter 2001 is also being issued today. For further enquiries, please contact: Bright Station plc Allen Thomas, Chairman 020 7930 6900 Hoare Govett Limited (Brokers) Andrew Chapman Andrew Foster 020 7678 8000 Hogarth Partnership (for Bright Station) James Longfield/John Olsen 020 7357 9477 |
Posted at 30/4/2001 07:31 by adriand Up or Down????Bright Station PLC 30 April 2001 30 April 2001 Bright Station Plc ('Bright Station' or 'the Group') Current Financing Status, Group Restructuring and Proposed Board Changes Introduction The Board of Bright Station is engaged in active discussions with potential investor groups regarding financing proposals to obtain additional funds in the immediate short term to secure the Group's financial position. The Board has concluded that it is no longer feasible to continue its current rate of cash expenditure in support of all of its business initiatives notwithstanding their potential for value creation. Accordingly the Board has determined a radical restructuring of the Group to reposition it as a 'pure play' knowledge management business through its Smartlogik subsidiary. In the preliminary statement of 28 February, 2001, it was stated that the Board would continue to review options to ensure that additional capital was available for further investment in the business and to take whatever action was necessary such that the Group continued to operate within its available cash resources. The financing discussions and restructuring proposals are necessary in the context of the finite cash resources currently available to the Group and are consistent with this position. Current Cash Position As stated below, the current cash position together with the anticipated costs to effect the restructuring will require additional funds in the immediate short term to secure the Group's financial position. In the year to date, Bright Station has accelerated its cash spend on the roll-out of its Smartlogik activities whilst continuing to support the other businesses of the Group. This follows on from having invested in the infrastructure build and management teams in late last year. As of 31 March 2001, the Group had available cash resources of £7.4 million (£16.3 million at 31 December, 2000) but has continued to consume cash at a similar rate to Q1 2001 through April. In order to conserve cash, the Group is taking further action, in addition to earlier steps taken including those taken in Q1 2001 in relation to the WebTop subsidiary, to reduce the rate of operational cash outflow at both the operating business level and head office. Status of Financing Discussions Bright Station is currently negotiating a number of financing options with different potential investor groups. Wit SoundView Europe Ltd. and William Blair International, Limited have been engaged to assist Bright Station in fund raising activities with both financial and strategic investors. Based on the current status of these discussions the Board remain confident that additional finance will be made available to the Group. In addition, the Board has agreed in principle, but not yet legally contracted, with Credit Suisse First Boston for a convertible bond facility. This facility would be drawable in tranches and would be contingent upon a minimum market capitalisation of £30 million for the Group at the point of signing. At the close of business Friday 27 April the Group's market capitalisation was £36 million. The first tranche would provide a minimum of £ 2.5 million. Subsequent tranches could provide substantial additional funding for the Group subject to certain milestone achievements and market capitalisation growth. However, the first tranche in itself would not be sufficient fully to resolve the Group's financial requirements and consequently, other initiatives currently being explored would need to be concluded. Group Restructuring As the market is aware, it has always been the Group's intention to float Smartlogik as an independent public company, but because of capital market conditions it will not be possible to achieve this in the near term. Therefore, the Board believes that shareholder value will be best served by Bright Station being repositioned as a focussed 'pure play' knowledge management business through its Smartlogik subsidiary. Consequently the Board is immediately rationalising the eCommerce businesses of the Group, which may include the disposal or closure of Sparza and Officeshopper and reduction in corporate overhead. In this connection, the Board has also received an expression of interest from Dan Wagner, Chief Executive of Bright Station, to acquire certain assets and liabilities associated with the eCommerce businesses of the Group. The precise terms of this proposal have not yet been tabled, but the Board understands that this may lead to a reduction in anticipated closure costs. Discussions remain ongoing with Mr. Wagner in this respect. Smartlogik Status The Board believes that the knowledge management market has substantial growth potential and that Smartlogik is well placed to take advantage of such potential. Smartlogik (www.smartlogik.com) is a leading provider of search and categorisation solutions enabling unstructured information to be presented with a high degree of precision and relevance. In addition to its strong intellectual property assets and experienced and credible management team, the company has a growing and impressive client list including Yell.com, Virgin Group, the BBC, the DTI, and NASA amongst others. Smartlogik has recently announced important distribution partnerships with IBM, Intel and Norcontrol and enjoys an important technology partnership with Fujitsu in Japan. Smartlogik would benefit from the Company's public listing, the £80 million of tax losses and would be the only focus of the Group's financial resources. Proposed Board Changes Subject to successful completion of the restructuring and securing additional finance into the Group, it is intended that the operating board of Smartlogik, led by David Jefferies CBE, Chairman, and Stephen Hill, Chief Executive, would become members of the PLC board and that most of the existing Board of Bright Station would step down, including the Chairman (Allen Thomas), Chief Executive (Dan Wagner) and Finance Director (David Mattey). The Board believes that Smartlogik is a company of significant potential and, if adequately funded, its management is capable of delivering substantial value for shareholders, particularly if free from any legacy issues associated with the current Bright Station structure. Q1 2001 Trading The Board currently anticipates that Q1 2001 results will be released no later than 31 May 2001. As announced on 6 April 2001, revenues for Smartlogik are continuing to grow quarter-on-quarter, as will be reflected in the Q1 results. A further announcement will be made in due course. - Ends - For further enquiries, please contact: Allen Thomas,Chairman Bright Station plc 0207 930 6900 John Olsen Hogarth Partnership (for Bright Station) 0207 357 9477 Notes to Editors Wit SoundView Europe Limited Wit SoundView Europe Limited is the European arm of global investment banking firm Wit SoundView Inc (NASDAQ: WITC) which focuses exclusively on the Technology, Media and Telecommunications sectors. It offers a strong complement of investment banking services, including public offerings, M&A, private equity placements and strategic advisory services. Wit SoundView Europe Limited is regulated by The Securities and Futures Authority Limited. All enquiries should be directed to: Kevin Bone Director, Investment Banking +44 (0) 20 7070 3673 +44 (0) 79 4902 4590 kbone@witsoundvieweu William Blair International, Limited William Blair International, Limited is regulated by the Securities & Futures Authority, and is part of the William Blair & Company, L.L.C. group. Founded in 1935, William Blair & Company, L.L.C. is an independent, US headquartered investment firm offering investment banking, equity research, institutional and private brokerage, asset management and private capital to individual, institutional and issuing clients. For more information, please visit www.williamblair.com All enquiries should be directed to: Edward C. Cappabianca Co-Head, European Investment Banking +44 (0) 20 7868 4400 Biographies of Smartlogik management David Jefferies C.B.E, Chairman Smartlogik From 1989 to 1999 David Jefferies was Chairman of National Grid Group plc (LSE: NGG) and from 1992 to 1999 he was both Director and Chairman of Viridian Group plc (LSE: VRD) (formerly Northern Ireland Electricity). He led the expansion of the National Grid Group in the USA and in South America and was responsible for the foundation of Energis Telecommunications (LSE: EGS) in 1992. Both Viridian Group plc and National Grid Group plc listed on the London Stock Exchange during his Chairmanship. He had previously been Chairman of London Electricity, from 1981 to 1986. David Jefferies is currently Chairman of 24/Seven, the utility service provider, a member of the Board of the Strategic Rail Authority, and Chairman of the Indo-British partnership, designed to promote bi-lateral trade with India. Stephen Hill, CEO Smartlogik Prior to joining Smartlogik as CEO in June 2000, Stephen's prior position was as Managing Director of Europe for Inktomi (NASDAQ: INKT). Whilst there, he established Inktomi as the market leading Internet-infrastruct Europe, in all major markets, taking revenue from nil to $65 million. Prior to this, Stephen held international management roles within Gentia Software (as VP International 97-98), Interleaf (as VP International and a member of their Executive Board 93-97; recently acquired by Broadvision), and Oracle Corporation (as General Manager 87-93). Born and raised in Wales, Stephen has a degree in philosophy. |
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