Biocare Share Discussion Threads

[haystack] 21/6/2001 17:09

I must say that I am very suspicious of this deal. The end user is going to be a reseller of Smartlogic. They are building it into products of their own. They don't have a use for Smartlogic themselves but are hoping to sell the combined product on to their customers. This type of arrangement would not normally involve the purchase of the Smartlogic component. There are no details of when the payment will be made and whether it is dependant on the sale of the combined product offering. There is something very odd and not straightforward here. Think about the real nature of the relationship and why Germinus would be buying Smartlogic and not just agreeing to embed it into their system at no or little cost.

[lgw] 21/6/2001 16:57

I wondered why there have been buyers about BSN over the last couple of days I expected any buying to be done via the placement.

[mjf123] 21/6/2001 15:34

RNS Number:6565F
Bright Station PLC
21 June 2001

Smartlogik Iberia launched with $500,000 order from Germinus

London 21 June 2001: Smartlogik, a leader in customized information discovery
solutions and core business of Bright Station plc (LSE: BSN; NASDAQ: BSTN),
today announces a $500,000 order from Germinus, a leading Spanish provider of
business solutions for the telecommunications, electronics and media sectors,
and the formation of Smartlogik Iberia. Germinus has been appointed as Master
Reseller of Smartlogik in the Spanish and Portuguese markets.

Germinus will not only offer Smartlogik's muscatstructure(TM),
muscatdiscovery(TM), and muscattoolbox(TM) as stand alone information retrieval
solutions to organisations throughout Spain and Portugal, but the Smartlogik
solutions will also be used as integral components of Germinus' ASP offering,
Xscala. Xscala is a comprehensive infrastructure solution for Application
Service Providers that incorporates Sun hardware, Sybase database applications,
Smartlogik information retrieval technologies within Germinus' own ASP
management software.

Stephen Hill, Chief Executive of Smartlogik, said:

"The Germinus partnership is very exciting for us. It extends our reach into
Southern Europe, helping us to open up the Business Intelligence market for
Smartlogik. This is an excellent example of our strategic partnership
programme - a core element of Smartlogik's growth strategy - at work."

Vicente Martinez, Chief Executive Officer of Germinus said:

"The Business Intelligence arena is going through a period of explosive growth
and we recognised that we needed to extend our solution in order to capitalise
on the market opportunities. We researched other companies but it became
clear very quickly that Smartlogik's technology is way ahead of its
competitors. Smartlogik is known for its excellence in artificial
intelligence as well as people expertise. The ease of use and tailorability of
the software enables us to provide the bespoke solutions our customers
demand."

- Ends -

For further information, please contact:

Stephen Hill
Chief Executive, Smartlogik 020 7930 6900

Campbell Macpherson 020 7930 6900
Marketing Director, Smartlogik

[mjf123] 21/6/2001 15:28

The good News Begins.

RNS Number:6565F
Bright Station PLC
21 June 2001

Smartlogik Iberia launched with $500,000 order from Germinus

London 21 June 2001: Smartlogik, a leader in customized information discovery
solutions and core business of Bright Station plc (LSE: BSN; NASDAQ: BSTN),
today announces a $500,000 order from Germinus, a leading Spanish provider of
business solutions for the telecommunications, electronics and media sectors,
and the formation of Smartlogik Iberia. Germinus has been appointed as Master
Reseller of Smartlogik in the Spanish and Portuguese markets.

Germinus will not only offer Smartlogik's muscatstructure(TM),
muscatdiscovery(TM), and muscattoolbox(TM) as stand alone information retrieval
solutions to organisations throughout Spain and Portugal, but the Smartlogik
solutions will also be used as integral components of Germinus' ASP offering,
Xscala. Xscala is a comprehensive infrastructure solution for Application
Service Providers that incorporates Sun hardware, Sybase database applications,
Smartlogik information retrieval technologies within Germinus' own ASP
management software.

Stephen Hill, Chief Executive of Smartlogik, said:

"The Germinus partnership is very exciting for us. It extends our reach into
Southern Europe, helping us to open up the Business Intelligence market for
Smartlogik. This is an excellent example of our strategic partnership
programme - a core element of Smartlogik's growth strategy - at work."

Vicente Martinez, Chief Executive Officer of Germinus said:

"The Business Intelligence arena is going through a period of explosive growth
and we recognised that we needed to extend our solution in order to capitalise
on the market opportunities. We researched other companies but it became
clear very quickly that Smartlogik's technology is way ahead of its
competitors. Smartlogik is known for its excellence in artificial
intelligence as well as people expertise. The ease of use and tailorability of
the software enables us to provide the bespoke solutions our customers
demand."

- Ends -

For further information, please contact:

Stephen Hill
Chief Executive, Smartlogik 020 7930 6900

Campbell Macpherson 020 7930 6900
Marketing Director, Smartlogik

[lgw] 20/6/2001 14:06

at least soon he will have a real financial interest in the share price he may even want to buy more when closed period is over.
I for one will be taking up more than my allotment of free shares and I hope they will not be scaled back or sold to the institutions,let the ordinary shareholders have a chance of making money by being LONG in Smartlogik shares for a change.
It will only take a small amount of good news after the share placing and beyond for the market cap of SL to increase IMO and I believe good news will be forthcoming.

[schmitt] 19/6/2001 15:24

Did anyone of you receive the statement to buy the new shares at 5p yet??? I did and I'm completely astonished that MR Hill is getting 18 mio shares out of the deal with the finance arrangements. He sold the shareholders out and now get's a big chunk from our cash.... He gets a salary which Wagner would have been proud of. Can somebody remind me what Mr Hill did for BSN or Smartlogic by now as a director??? Also what will the future hold for us shareholder with a streetrobber in the position as CEO!!??!!

My vote which is just for 180.000 of my shares will vote against Mr Hill as a CEO. We dot rid off one greedy guy (Wagner - but he did a few thinks for us and also he set the whole thing up) and the next one is around the corner called Hill. I wonder how good he actually was in his previous jobs for the shareholder value (also how good he was to himself).

I just see a bad deal comming out of the performance of Mr Hill which reflects the shareprice and will also in future.

My opinion is that he is just a waster (of our money). Everybody could have sold a company like Smartlogic (BSN) for £ 20 mio (ie 51%).

Sorry everybody with a bit of brain should see the danger what this new CEO brings with him. He will get our shares down completely (after he poketed his 18 mio shares for a good price - let's say 10p which would bring him actually 1,8 million Pounds).

My vote no to Hill and every other greedy CEO who get's himself 18mio shares.

Michael

[spear] 15/6/2001 22:05

Haystack,
The deals are what they are, I would suggest you have the reading of them right. But, to be fair the new management should be given a chance, without being immeadiatly tarred with DW's brush... The recent communications have been not overly bullish have they...

Spear

[haystack] 15/6/2001 19:46

The 3.5 to 6.5 is just the overnight spread. It is also the spread that mytrack is now showing. It is not the closing price. The MMs do this to most shares so that the spread is too wide for trading first thing. I doesn't mean anything.

[superpete] 15/6/2001 17:04

Investors need to exercise caution imho and bear in mind that BSN cannot say when they expect to be making money.

[superpete] 15/6/2001 16:53

I don't know whether anyone else saw the monitor showing BSN bid 3.5p offer 6.5p before reverting back to 5.5/6.5.

Coincidently similarthing happened with RED i.e bid 4.5p offer 7.5p before reverting back to 6.5/7.

[haystack] 15/6/2001 16:51

The difference seems to be that Autonomy have been signing real deals and for BSN it as been all froth. BSN's deals lately have just been distribution deals with company X saying that they will sell BSN's products. Tese are not real deals, they are just arrangements that may lead to sales. It is all hype.

[superpete] 15/6/2001 02:05

Spear:
There are no guarantees in life.You pays your money and makes your choice.Shares go up and down.Shares can trade above or below their true worth.Some investments are a higher risk compared to others but rewards could be higher.You can make or lose money.Companies can go bust and you lose the lot.All about timing, risk to reward.

BSN,DANK,ATN,QXL,SCO,RED all fallen from great heights and speculative punt/gamble on how they trade and IF/how long they take to recover.

Generally non profit making companies with cash burn and financing problems are bad news for investors.Things can go from bad to worse before they get better;or bust.

Look at the number of Institutions that have taken up share placings/rights only to see the share price plummet.I've had my fingers burned in the past so I should know.

The whole market is currently in downtrend and volatile. My view is that there is a possibility that BSN could fall below 5p.It is also possible to have sucker rallies where share prices manipulated to rise much higher only to fall twice as fast.

Who knows? BSN is speculative and not without risk.Investors must imho make informed choices and as i have said previously 'go in with their eyes open'.Be careful.imho,dyor.

[spear] 14/6/2001 23:02

Why did the price tank as soon as the funding was confirmed ?
I thought price went up and down with demand.

It is so blindingly obvious what is going to happen here as it does everytime.

Bad news - price goes down (institutions buy YOUR shares cheap because little
old private punter bails quick and has no bals)

Good news - price goes up quick (institutions sell you back your shares for a
premium )

They (institutional backers ) do not want people to take up the rights issue.
They want them, so when good news is announced, like the reduction of cashburn.
etc etc the price will be hiked up and you will end up paying more than the rights issue. The institutions MUST want the shares at their set price which is 5p.

You watch....


Spear

[superpete] 14/6/2001 22:42

The trouble as I see it is that the company are not in a position to say when they will make any money.Just because Institutions are prepared to pay 5p a share does not mean that the shares are worth 5p or won't fall below that amount.Ultimately the markets will decide.

For the record BSN finished seemingly slightly better at 17.2% fall bid 5.5p offer 6.5p. With the total spread widening to 15% i.e difference between offer and bid it favours and better for the Market Makers and not the private investor!

[superpete] 14/6/2001 12:40

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 10p

Just 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

[haystack] 14/6/2001 12:37

BSN goes ex. rights on 14/6/01 - today. That is probably the price has dropped.

[aspex] 14/6/2001 09:53

It has SECURED immediate finance for Smartlogik development, irrespective of us small fish.
Note how Autonomy keeps announcing new deals. Question is whether these are saying "look how good we are" or "we had better get in some mileage before .... etc"

[tankertop] 14/6/2001 09:32

Even a mkt cap of £9.9m seems about treble what BSN is currently really worth, and that's being exceedingly optimistic.

[superpete] 14/6/2001 08:46

Down 20% bid 5.5p offer 6p.

[superpete] 14/6/2001 08:39

More pain on this share this morning, currently showing a a fall of 13.8% to bid 6p offer 6.5p.

BSN remains a high risk speculative share whilst doubts remain over its financial future.One for the brave imho.

[spear] 13/6/2001 21:44

You are right Davito mate.

People need to realise that new people are in control now, that is why the RNS
was not rampish. The old BSN bears no relation to the new. Can people not
see this company is in a much better state now than it was one month, two months ago...

The city knows exactly what the score is and has given the new management the thunbs up by backing the offer.


Spear

[davito] 13/6/2001 21:37

i read it as institutions will pick up any unwanted shares so whats the problem?

[spear] 13/6/2001 21:25

Haystack IT MATTERS NOT wether the private punter takes up the issue.

Institutions have guaranteed to take up any surplus...


Spear.