Blackrock Intl Share Discussion Threads

[gateside] 20/11/2006 08:30

Directors buy announced this morning.

Agree that this is a good long term hold for the patient.

[bigbren] 18/11/2006 21:25

Jeff

Have to agree with you think that it is one to buy
and put away for a year or 2 - 5 but do beleive that it will only go up

[jeff1161] 16/11/2006 17:51

Thought for the day! Seems like the English are selling shares, but the Irish are snapping them up! Could turn out be one of those little gems in couple/three years. I bought today too, on the Irish side. Take a look at Blackrock's web site www.bilplc.com ... a lot more data.

[gateside] 15/11/2006 09:07

Blackrock takes first step in Europe

November 15, 2006

Property company Blackrock, a spin-off from fruit group Fyffes, has made its first investment in continental Europe. It has acquired 90% of a company which owns a substantial warehouse and office portfolio in Brussels in Belgium.

The other 10% will be held by EuroCapital Property Group, a locally based property investment company, The deal is worth €19.5m.

Blackrock says the properties will be managed in conjunction with EuroCapital Property 'to maximise rental income and to enhance capital values'.

Blackrock said it was looking for further investment opportunities in continental Europe, as well as in the UK and Ireland.

[primachm00] 09/6/2006 19:30

ANYONE KNOW WHY PRICE INCREASED ALMOST 50% TODAY?

[gateside] 15/5/2006 21:46

Company Website:



3 year EURO v POUND Chart

[boadicea] 18/12/2003 07:44

Blick receives offer of 300p plus a 6p special div.

[maut too] 18/12/2003 07:40

CAS Blick : Agrees #93.5m Offer
18-Dec-2003 07:33

The Boards of Stanley Works and Blick
said today that they have reached
agreement on the terms of a recommended
cash offer to be made by UBS on behalf
of SWK (UK) to acquire Blick for 300p
in cash, which values it at #93.5m.

More to follow...

ICV Edited News from Dow Jones
0733 GMT Dec 18 2003

[johnroger] 11/12/2003 13:45

Blick bid should be encouraged
Published: 10:43 Wed 10 Dec 2003
By Jemma George, Smaller Companies Editor


This year is the first in four in which Blick shares have made any meaningful progress, and even then from a low base, so news of a possible bid should delight investors if it can be sealed.
In response to speculation and the recent rise in the share price Blick (BLK) said today it has received an unsolicited approach, which may lead to an offer in the region of 300p per share in cash.
The security, communications and time management company also announced full year results to September including a slightly improved profit of £8 million against £7.8 million from turnover of £69.2 million.
Net debt has been reduced to £13.5 million from £15.7 million and the final dividend maintained at 9.5p resulting in a static full year payout of 14.5p as expected.
The Blick team has worked a no frills job over the last few years but there is no getting away from the poor performance of the shares, which depending on the investment timing, have provided a favourable income yield but little in the way of consistent capital growth.
In this respect the board should seize the opportunity to sell the business and lock in some of the value created this year.
Annual growth in new rental orders were up 18% to £12.7 million and the contracted rental book is stable at £93 million. New developments include a Blick Finance division and greater emphasis on integrated services.
However, there is a sense that the company has never really been understood by the average investor. It is often described as 'a quirky little company'.
The activities are often technology driven but are quite simple. In the office environment the group can set up access control, parking management, CCTV, working time management systems, wireless staff communication and safety procedures, such as evacuation, and various related and integrated solutions.
Contracts can run over several months or years but the competition is tough and thus pricing is in continuous check.
Blick confirmed today that trading conditions in some of its markets remain challenging, but further it expects moderate progress this year.
Forecasts for 2004 include a pretax profit of £8.5 million and the same dividend of 14.5p. Growth is running in high single digits if and when achieved.
There will be disappointment if the indicated offer is refused or withdrawn. The pressure is on for a deal.

[maut too] 11/12/2003 13:34

sounds about right

[johnroger] 11/12/2003 13:26

Blick surprises with news of 300p a share approach
By Damian reece, City Editor
11 December 2003


Blick, the support services group with contracts at the Rampton and Broadmoor secure hospitals, has received a 300p-a-share cash offer thought to be from a private equity bidder. The offer is at an 18.3 per cent premium to Tuesday's closing price.

The indicative proposal would value the business at £93.5m. The company also has net debt of £13.5m. Although it is often mentioned as a bid target, Blick's announcement took the market by surprise. The shares rose 11.8 per cent on the news.

Analysts believe the company's attractive cash generating powers are likely to have attracted a financial buyer which could further boost the company's cash position by suspending dividend payments under private ownership.

The company, which announced better-than-expected annual results yesterday, offers a variety of security and communication services to companies and government organisations, including personal alarms and pagers for staff at Rampton and Broadmoor.

The announcement of the takeover approach came after the company had seen its shares rise sharply in recent days. It said discussions were continuing and that a further announcement would be made. The company's shares rose 30p to 283.5p yesterday as the market absorbed the news. The shares hit a low earlier this year of 154p but the City was encouraged by yesterday robust results. Analysts believe the company's improved performance makes it more likely the putative bid will materialise.

However there is no certainty shareholders will accept a bid for the reinvigorated company. They may wish to hang on to their shares and participate in the company's future growth prospects.

Vanda Murray, the chief executive of Blick, unveiled turnover for the year to September 30 of £69.2m and operating profits of £8m, which beat analyst expectations of about £7.7m. Earnings per share were also much higher than the market expected, coming in at 21.6p.

Ms Murray said she was delighted with the progress at the communications division, where sales were up 16 per cent to £17.9m. The division includes digital television signal distribution technology, wireless messaging and the staff protection and paging business.

Ms Murray said: "We end the year in a stronger position and are confident that we can build on the investment we have made in products and market development. We anticipate continued progress this year."
11 December 2003 13:21

[maut too] 10/12/2003 10:52

interestingly vols are quite low under the circumstances and one suspects most insiders are assumming the bid attempt will fail

[boadicea] 10/12/2003 10:49

An exit P/E of 15 on the adjusted diluted earnings figure of 21.61p would give a price of 324p. The prospective purchaser should not have known the actual outcome for 2003 before this morning, I think, (although he may have made a pretty good guess) and may be able to adjust in the light of them. I would not be happy with anything less as they yield over 3.375% even at this morning's increased quote of 281.5p.

[maut too] 10/12/2003 09:07

as u say - nice finals and dont see them giving up for 300p

[boadicea] 10/12/2003 08:48

Time to wake up!!

Good results:


....and a bid approach:


Almost enough excitement for one day, but then saw my HAMPs taking off!

[a2336418] 04/12/2003 11:36

Missed this one....should have averaged down circa £2.....might still add to holdings......good divi soon to be better covered? or increased?

[boadicea] 04/12/2003 10:03

Spread going crazy! Down to 240/242 one minute and up to 240/250 the next.
T+5 effect?

[johnroger] 28/11/2003 14:27

boadicea..... you were right about results date!

RNS Number:5898S
Blick PLC
27 November 2003



Blick plc, the leading provider of security, communication and time management
solutions, will announce its Preliminary Results for the twelve months ended
30 September 2003 on Wednesday, 10 December 2003.

Contact:

Blick plc
Richard Collins - Tel. [phone]

Brunswick Group Limited
Rupert Young / Emily O'Connell - Tel. [phone]




This information is provided by RNS
The company news service from the London Stock Exchange

END

[boadicea] 25/11/2003 09:49

Johnr- Yes, still in BLK. In the absence of other guidance I am assuming 10th Dec for results and that they will broadly meet expectations.
Those two large trades on 20th could be a largely off-setting buy and sell by institutions as no direct effect on price.
Also, note that the 13th Nov probably brought co into T+20 range.

[johnroger] 21/11/2003 14:48

Results due December

[johnroger] 21/11/2003 14:40

Anybody still holding this company? Somebody likes it ... 250000 bought at 235 today

[johnroger] 13/10/2003 12:29

Big rise today but no news?

[boadicea] 30/9/2003 10:09

Trading statement on 1st Oct 2001 but was missed last year. Shares moving today - statement imminent/leaking???

PS. X-trade this morning showing as a sell! (must also be a 'buy', of course - discount it except as an indication of activity.)

[boadicea] 04/9/2003 10:24

So very quiet on here!
BLK appears to be bracing itself for an attack on 220p resistance level.
There has usually been a trading statement at beginning of Oct but it was missed last year. Hope to see one this year and will view it as mildy negative if not.
Just to remind, the interims looked good - gently up on py - and chairman sounded confident. In the present improved market this one should have advanced further imho, but please dyor.

[boadicea] 16/7/2003 23:47

Good progress since Feb/March but now approaching first upward resistance level.
If it can get convincingly past 230 there is a clear run up to the next one at 255p imho. One step at a time!
Recent trades generally quiet and mainly modest buys but a few chunky buys esp last Monday.