Biocare Share Discussion Threads

[krenig] 17/5/2001 14:16

looks like they know something or gambling and trying to recoup losses short term.

[haystack] 17/5/2001 14:01

I see no buyers. There have only been 16 trades all day so far. The price is flat today. The 2 million shares bought must have been sold by a large holder. Is the Prudential dumping some of their stake?

[shols] 17/5/2001 13:56

A purchase of 2,000,000 shares by Newton Investment Management has just been announced & now buyers are coming in!

[raging bull1] 17/5/2001 13:48

7-9p per share according to the article represents the current market value of sl alone. bsn has many other investments which must amount to a fair amount including a 1.27% stake in sopheon. i think the sooner dw disappears into the sunset the better. this will let the smart smartlogik managment take over. i doubt the sl board would stand by whilst dw runs off with sparza and p2p without substantial payment ie swap for his bsn holding. we are in for some form of announcement very soon imho even if this is just an update on the refinancing situation - the last afx on the subject was on the 2/5 and we are now over 2 weeks further on from that. for dw to suggest sl may be sold is imho not relevant information. without sl bsn is nothing. i think its a misprint and that dw meant that once sl has achieved refinancing (not the sale of ) the current board of bsn will step down. lets wait for a positive announcement soon to clarify all situations and questions in hand

regards
tim
p.s. i have e mailed bsn this morning asking for clarification on the points in question and will post the response if any when received

[skylark] 17/5/2001 13:42

Read the first. It seems to be a little different to that posted on iii. Also the first paragraph is repeated. Perhaps they have edited it since the original posting. Perhaps they were asked to...

[forfaiter] 17/5/2001 13:32

Interesting article posted on iii stating that dw will walk away with sparza and p2p divisions and has valued SL at 12-15 million.

Confusion over the article to whether SL will be sold or financed?

Valuation is 7-9 pence a share.

Nice one Dan!

[haystack] 17/5/2001 12:39

I strongly suspect that the major shareholders, such as Prudential with 5% could not sell that volume of share if they wanted to. Who on earth is going to want to buy that many shares of BSN. If they could sell then I think that they would. They may have tried for all we know.

[ianw] 17/5/2001 12:04

Fools and there money are easy parted.

BSN bye ,bye.

[jonc] 17/5/2001 08:10

The other 25% have jumped from their fifth floor windows already.

JC

[jellytots] 17/5/2001 01:20

IanW - are you saying that this stock is being ramped? Why would the MM's have bought £29,500 worth of stock only 2 days ago then, to fool everyone? Please give me your opinion.

According to ft.com, the broker recommendations are:

%25 recommends buy
%25 recommends sell
%25 recommends hold

what do the other %25 recommend then, to laugh or cry?

[haystack] 17/5/2001 00:00

Any finance is going to have heavy strings attached. The financiers are going to want control of the company. After all they have only got a couple of weeks of cash left.

[raging bull1] 16/5/2001 21:10

correction make that circa 4%

regards
tim

[raging bull1] 16/5/2001 19:50

hope so spear. in theory at least - money runs out at the end of the month
however i am very confident that we will have an announcement over the course of the next few days or so - i'm hoping that its after the bell on friday at the latest - but you just never know. tomorrow morning would be particularly timely especially as the nas is up over 3% tonight. that would maximise impact
regards
tim

[spear] 16/5/2001 19:35

Small volume day, not too significant, plenty of nervous people about this morning. People will kick themselves for not investing in BSN. Shouldnt take too
long from now I think.

[raging bull1] 16/5/2001 17:22

definately not
i think it was a bit of the usual tree shaking today in order to get people to sell. lets see what happens tomorrow especially if techs can have a good day for a change
the last mm tranaction i saw was a purchase at 10.5p
regards
tim

[jellytots] 16/5/2001 16:56

MM's holding £29,500 worth of stock. Does that sound like a dead stock to you?

[raging bull1] 16/5/2001 16:41

well thats your choice. i'm still in and will be until an announcement is made which i am expecting to be a positive one.
none of the major shareholders have dumped their stock onto the market. you would expect any large shareholder to ditch immediately - because this has not happened leads me to suspect that there is a refinancing package on the table. perhaps even by one of the shareholders themselves.
regards
tim

[forfaiter] 16/5/2001 16:27

I was hoping for 12 pence but got out at 9.5 pence today.

Thompsons have a stake in the company already which they may want to preserve.

Other than that I agree not a strong case for refinancing.

[jonc] 16/5/2001 16:21

I have not always agreed with Haystack on BSN but I have to say that there is little incentive for anyone to refinance BSN.

Why would they when they can wait to buy just the assets and leave the liabilities from the receiver.

They now have less than two weeks cash left.

[raging bull1] 16/5/2001 15:10

haystacks.
re your last post
that is not necessarily the case at all ''heavy strings attached''
you could well be wrong on that one.

regards
tim

[raging bull1] 16/5/2001 15:08

quite agree.
if and when refinancing is arranged and announced - i am reasonably confident that the share price will recover virtually immediately to the level is was at before refunding was required - thus meeting the required market cap of 30m which i believe is about the 18p level. it does seem a bit of a catch 22 scenerio but i'm sure all will revealed in the very short term.

regards
tim

[shols] 16/5/2001 13:38

It seems to me that there are 2 questions to be answered,which are:- No.1)-If they get the finance they need,will they be a viable concern? No.2)-Will they get the finance? The answer to No.1 has to be yes,thanks to SmartLogic. With regard to No.2,CFSB have apparently agreed finance subject to the company having a market value of #30,000,000,which it currently does'nt have.But surely the main reason for the fall in market value is the concern over whether they will get their finance.Once finance has been arranged the share price and the market value should improve quite dramatically.Consequently I do not believe the current share price will have any detrimental effect on a decision to grant finance.

[spear] 16/5/2001 07:49

Finance...

The thing is what will that do to the share price ?

[haystack] 16/5/2001 00:04

This NOT a deal. It is like appointing a distributer for your goods. It is very similar to the IBM 'deal' a few weeks ago. That was just a solution provider arrangement. My own small software house is an approved IBM solution provider along with thousands of others. It does not imply anything much. Any sales resulting from the SUN or IBM arrangement are likly to be small. It is usually medium sized companies who use the approved supplier lists. IBM typically use the list to help sell hardware by saying look at the range of software that runs on our platform. They could care less whether anyone actually buys anything off the list. It is the same with Sun. I would expect to see the same arrangements coming soon from HP, Compaq, Dell, Dec etc. The only surprising thing is that they haven't had these 'deals' before.

[jellytots] 15/5/2001 21:28

Maybe there is some good news in the pipeline.