Bisichi Share Discussion Threads

[callumross] 24/5/2018 14:29

Flicking through the accounts again I have just realised just how cash generative this company has become with the current metrics, turning a deficit of £1m at end 2016 to a positive cash balance of £4m at end 2017 which is pretty impressive stuff for a company with a market cap of only £10m. Hence they can fund their share of yesterdays acquisition out of cash. Whatever we think of director remuneration this is one cash cow of a business. Pity the market makers have basically closed down trading in the stock by increasing the spread from 5p to 10p.

[ntv] 23/4/2018 21:19

excessive is an under statement callumross

if the Heller didn't get the obscene pay package of nearly a £m a year just think what the balance sheet would really look like
Las manage the property so they only looked after the mine
i do hope someone comes in and knocks over the apple cart so minority shareholders get something out of it

[topvest] 23/4/2018 19:40

Well the totally obvious shareholder value release at LAS is to dividend en specie the Bisichi shares to shareholders as its ridiculous to consolidate the mining group into LAS. It would probably improve the BISI and LAS valuations in one go.

[callumross] 23/4/2018 15:19

Not sure how much this activism can achieve given the iron grip the Hellers have on these companies. I have never held LAS but over the years have been fairly happy with the way BISI has been run, with the caveat that the remuneration packages are excessive.

[ntv] 23/4/2018 14:07

in theory they could be out voted here

[ntv] 23/4/2018 14:07

maybe someone will turn up here too topvest
now that would be funny

[topvest] 23/4/2018 12:31

There is an activist shareholder. Perloff has just requisitioned a vote at LAS!

[ntv] 23/4/2018 09:53

that is why there there isn't that much interest in the company
pity there isn't an activist shareholder here
LAS HOLDS TO MANY TO BE GOOD FOR EITHER COMPANY
RUN LIKE A PRIVATE COMPANY

[ntv] 23/4/2018 09:50

makes you wonder where the share price would be if Heller didn't cream off so much

[callumross] 23/4/2018 08:56

Pretty impressive results, especially the operating profit. EPS reported as 7p but would have been 21p for a P/E of 4 had it not been for the write off on the mining investment. 160p NAV to boot.

[topvest] 25/2/2018 08:28

The Heller's used to be fairly prudent. Over the years they have got a bit greedy. They are still competent at running the businesses, but they should be run for all shareholders and not just the family. I too haven't lost money in this one, but it could have been much more successful.

[callumross] 24/2/2018 20:00

They are a very poor example of corporate governance, I will give you that, but strangely I have done pretty well out of this over the years when you take the dividends into account

[my retirement fund] 07/2/2018 18:37

I think there should be some kind of stockmarket award to management whom are most skilled at brazenly rinsing a company for all its worth.This qould surley be right up there for the top award if so.This lot even make private sector managers like Philip Green and Dominic Chappel look like rookies.

[ntv] 07/2/2018 18:30

just has in the form of options
as though a £1m a year is not enough

[my retirement fund] 29/1/2018 11:56

They may be able to give themselves a pay rise then.

[callumross] 29/1/2018 09:46

This lot should be making serious money now if they have got the stone issues sorted out. Look at the graph on the Richards Bay coal price below!;

[happyholder123] 09/9/2017 09:25

HNR -
TWO wells successfully drilled with abundant oil and gas in samples extracted!
Fracking and FIRST OIL next month!
Don't miss this train!

[topvest] 08/1/2017 16:46

LOL - I suspect its already happened. Almost time to get out of this dog once commodity prices have a mini-top.

[bisiboy] 08/1/2017 16:41

with the drop in sterling mr h needs a big payrise this year to make ends meet.

[bisiboy] 29/10/2016 10:42

any chance of a dividend increase rather than a bonus increase for mr h?

[callumross] 25/10/2016 10:28

Looks like the market may be waking up to recent coal price - exchange rate developments!