Bisichi Share Discussion Threads

[jurgensredarmy] 01/12/2022 15:27

I’ve purchased 7000 shares today split over a few trades as a starting position for my pf.

[tim000] 01/12/2022 14:37

You might be right, it’s hard to tell whether they were buys or sales, though I’m guessing they were sells. Either way, let’s hope the brakes are now off.

[e43] 01/12/2022 14:14

Tim,not sure on that one as they looked like someone buying with total costs of 8k per trade,I bought several batches at 270 yesterday and wouldn't have thought a seller would have got 270 early this AM.Anyway things brightening up here now.

[gaffer73] 01/12/2022 13:57

Could be, looks like they were part of a sell order for 270p. Onwards and upwards

[tim000] 01/12/2022 13:37

I wonder if the 2x2946 sales this morning were finally clearing out the seller? Normally sales are in round numbers. Hope so. Then any good news won’t be stifled by large sales.

[gaffer73] 28/11/2022 21:03

Thanks. He's getting on a bit then. Maybe just cashing out to enjoy the rest of his retirement or as you say, getting his finances in order.

[tim000] 28/11/2022 20:32

gaffer, Hyslop crossed the 3% threshold on 27/2/14, I guess he had acquired additional shares from a previous significant shareholder, Neil Kirton, selling down his holding. Records prior to 2014 back to 1999 don’t mention share purchases or sales by Hyslop, so we don’t know how he built up a holding. Hyslop is 77.

[gaffer73] 28/11/2022 19:58

Yep, could really fly if some positive news is released.

[jurgensredarmy] 28/11/2022 19:46

If 70% are out of public hands no wonder this can be volatile

[gaffer73] 28/11/2022 19:44

LAP plc have 4.4m shares.

[gaffer73] 28/11/2022 19:42

It does look like he's selling all of his shares. Tried looking him up but can't find anything about him. Do you know how he got his shares? Was he part of a fund raise and he's just getting his money back? Did find a broker target of 352p from Shore Capital.70% of shares out of public hands.

[tim000] 28/11/2022 19:11

Stonehage Fleming, ICBC Standard Bank, Quilter Cheviot, LAS, Andrew and Michael Heller are the main shareholders. Worth pointing out that the CEO and CFO now have options at a strike price of 352p so are well incentivised to get the share price up.

[tim000] 28/11/2022 19:04

gaffer, good point, I forgot about that. I think Hyslop continues to reduce, possibly to zero. Who knows why he’s selling, but I think someone has said he’s very elderly and may be thinking about inheritance issues.

[gaffer73] 28/11/2022 18:58

Substantial interests in the FY accounts gives some information.

[gaffer73] 28/11/2022 18:56

He's already under 3% according to the last holdings rns

[jurgensredarmy] 28/11/2022 18:53

Any reason for him selling ?

[tim000] 28/11/2022 18:32

Go to Marketscreener. I suspect James Hyslop has been selling down his holding for some time but has not yet released an RNS saying he’s below 3%.

[jurgensredarmy] 28/11/2022 17:35

I’ve been on the company website to see who owns what regarding shares. I can’t find nothing. Can someone tell me who owns what out of the 11 million shares please ?

[jurgensredarmy] 28/11/2022 17:22

Agree with what you are saying Tim. Updates would be good every quarter.

[tim000] 28/11/2022 15:52

At some point I’ll try to get a meeting with the CFO. At the AGM the Board seemed sympathetic to more regular trading updates, eg publishing quarterly production and sales summaries, which most miners do. I don’t know if this is still on the cards, or whether the CEO would regard that as the thin end of the wedge, and result in shareholder clammer for never-ending streams of new info on operations. But surely as owners of the business we are entitled to more than is currently on offer?

[gaffer73] 28/11/2022 15:32

Could be a trading update but I'd expect that after the year end.

[tim000] 28/11/2022 15:24

None, that’s the point. No brokers cover BISI because clients can’t buy shares in sufficient quantity to make it possible to profit from the research.

[bisiboy] 28/11/2022 15:16

are there any brokers forecasts to materially exceed!

[tim000] 28/11/2022 15:13

I’m hoping next news is a pre-Xmas upside profit warning, as happened in early June prior to the end of the half year. If there were brokers’ forecasts showing a large percentage increase in profits in 2022, just meeting those forecasts might not require an RNS. But with no guidance available, the company should make an announcement as in June.

[gaffer73] 28/11/2022 14:46

Decent volume today. News on the way??