Blue Star Capital Share Discussion Threads

[tofftrader] 30/11/2004 12:20

Another good lot of buying, I wonder if our 100k seller "friend" has had enough yet...

[jthiley] 30/11/2004 10:17

topped up with 15k @13.4 at 9:57. at the time using quote and buy the limit
with barclays to buy was 5k.i think the mms may be short of stock as it took nearly 10 minutes to fill the order

[dovegin] 30/11/2004 10:08

toff, another cyc onboard

[shedjock] 30/11/2004 09:26

Blue Star Capital plc
15 November 2004


For immediate release 15 November 2004





BLUE STAR CAPITAL PLC

('Blue Star')



Proposed Investment in India Outsourcing Services plc



Blue Star Capital plc (AIM: BLU), the company created to provide seed capital
for early stage companies, is pleased to announce it has led the formation, and
is planning to invest in, India Outsourcing Services plc, a company that today
revealed plans to float on the Alternative Investment Market (AIM).

India Outsourcing Services is the first company to be formed by Blue Star
following Blue Star's flotation on AIM in October 2004.

The full text of India Outsourcing Services's press announcement follows:




INDIA OUTSOURCING SERVICES PLC
('India Outsourcing' or 'the Company')


Intention to Float on the Alternative Investment Market
of the London Stock Exchange


India Outsourcing Services plc, a company formed to capitalise on acquisition
and investment opportunities in the Indian business process outsourcing (BPO)
market, is pleased to announce its intention to seek Admission for its shares to
trade on the Alternative Investment Market (AIM) by way of a Placing.

Blue Star Capital (AIM: BLU), the recently floated investment company, has been
instrumental in the formation of India Outsourcing and proposes to make a
significant investment in the Placing.


Highlights


• India Outsourcing has a strong management team. The Company's Chief
Executive is Amit Pau, who has more than 10 years' experience as a senior
executive in the global telecoms industry. He was formerly managing director
of Vodafone Multi-Media and a Non-Executive Director of Vodafone Spain and
of Radamec Group plc. The Company's Board includes Haresh Kanabar, Blue Star
Capital's Chief Executive, as Chairman and Nigel Robertson, Blue Star
Capital's Chairman, as Non-Executive Director.


• The Company has been established to capitalise on acquisition and
investment opportunities in India's BPO market, which has grown rapidly with
the rise of 'offshoring'. The BPO market includes a wide range of services
including call centres, help desks, back office operations, IT services and
customer service operations.

• The Indian BPO market is forecast to grow from $2.3 billion in 2002 to
$8.5 billion in 2008 (source: NASSCOM). The global BPO market is forecast to
grow to a market size of between $200 billion and $250 billion in 2008
(source: IDC).


• On Admission, the Company will have no trading businesses although a
number of potential targets have been identified.


• India Outsourcing is raising gross proceeds of £500,000 by way of a
Placing.


• The funds raised by the Placing will be used for carrying out due
diligence on potential acquisitions and for the Company's initial working
capital requirements.


• It is expected that trading in India Outsourcing shares will commence on
AIM in early December.


• Durlacher is the Company's nominated adviser and broker.



On the plans for the flotation, Haresh Kanabar, India Outsourcing's Chairman,
said: 'We are delighted to be able to launch a vehicle on the Alternative
Investment Market in London that will give investors an opportunity to gain
exposure to such an attractive growth market in India. We believe we have the
experience and infrastructure to identify and acquire opportunities in the
Indian BPO market, thereby creating value for our shareholders.'

[shedjock] 30/11/2004 09:20

Pricemilne5........ Just to correct the record, and to let everyone else know the potential for the IOS deal, the figures should read:

$2.3 billion increasing to $8.5 billion by 2008

And NO, I didn't manage to get any IOS in the placing

Sheddy

[topvest] 30/11/2004 07:32

Anyone managed to get any shares in the IOS placing?

[21richyrich] 29/11/2004 21:54

Looking back at the China Wonder float only 10,500,000 total shares in issue and placing was of 500,000 @ 24p giving mkt cap at float price of £2.52million.

Not too surprising then that with so few shares in free float that the price shot up due to pent up demand.

Early indications for IOS float are that is fully / over subscribed and also that 57% held by Blue Star with another 10% by Amit Pau the new chief exec meaning only max 33% not "locked in" therefore looks likely that demand may again exceed supply thus causing an increase in the price.

If it seems likely that due to potentially small "free float" it may be difficult to obtain meaningful amounts of shares in IOS it seems sensible to buy meaningful volumes in Blue Star as a "proxy" hence IMHO the increasing interest / volume in Blue Star today as more investors buy in ahead of IOS float next week...

[topvest] 29/11/2004 20:53

It certainly won't be the directors selling - they are locked in for a year. I think this one could I get a bit of attention over the festive period.

India Outsourcing Services plc is certainly an interesting proposition and the first such vehicle to list on AIM as far as I am aware.

[pricemilne5] 29/11/2004 20:17

Just one small concern to me is that 100k seller seems to have been spoiling the party for the past couple of days now. I wonder if it's BLU board offloading? Anyway volume is good and seems to be absorbing the sells, so i'm not too worried!
Tofftrader good post above (as usual), summarising the fundamentas of this potentially explosive growth market.
I have taken confidence from today's interest and buying, and intend to top up in the morning!
There is not much liquidity in the amount of shares circulating and with a 57% holding in ISO, BLU could easily double in price when people start showing a keen interest in ISO next tuesday!

Good luck to all, and spread the word!

[tofftrader] 29/11/2004 16:55

Just our 100k "seller" friend in the way it would seem judging by the trades, otherwise we'd have been up 10% IMO.

[igoe104] 29/11/2004 16:49

finished up with a 8% rise i think it a start of many risers.
can,t wait to see the plans for more floats, india should be alot easier to float companies than china. anyway to have both your on to a winner.

[21richyrich] 29/11/2004 16:49

TT & PM

Looks like we started a trend !! LOL

Only going one way now...

[topvest] 29/11/2004 16:07

paddy - I noticed that as well. 6% up should be on the top risers list!

[tofftrader] 29/11/2004 15:40

We've just crept onto the bottom of the BB "Toplist" - maybe 25th or something -

[paddy the greek] 29/11/2004 15:39

We should be on the leaders board . Come on ADVFN get your finger out. LOL

[tofftrader] 29/11/2004 15:38

Nice work trigsta - looks like this is another quality board in the making, alongside our legendary CYC one!

[trigsta] 29/11/2004 15:37

Some links for those new;








Whether you conside the move to operators bad or good, all press coverage is going to be about blue star - and that will generate a lot of interest.

[goldiebear] 29/11/2004 15:30

Yes, I've just bought on the rise this morning having seen BLU mentioned several times on the CYC thread. Goldie

[tofftrader] 29/11/2004 15:29

I guess anyone who invests will have their own reasons as to why this could be a winner and will DYOR. In a very basic summary, my main reasons are:

1)Very dynamic management (alongside the details listed in the header to this thread, Nigel Robertson and Haresh Kanabar also headed the £56m reverse takeover of Spiritel) + much more. They've seen it all before.

2)Tapping into another massive growth market - India. I like what I've seen with CYC (Chinese investments) and reserved a bit of cash to put elsewhere. China and India will dominate the world economy in a few decades time IMO.

3)Judging by the size of investment in the first float (IOS) - I believe BLU will own 70%, I suspect the co. will have plenty of cash to keep it going without any further cash raising for some time.

4)Indian Outsourcing is an area of interest to me in particular, having been in the IT industry. Enormous growth potential there.

[paddy the greek] 29/11/2004 15:25

I may be wrong ENYAOLIVER but I suspect that most of the people posting here are hoping for a similar out come to the CYC float of CWO . Thats why Im here anyway. deja vu ? I hope. All IMHO DYOR etc etc.

[enyaoliver] 29/11/2004 14:53

OK tell us why it's a winner - I've gone in rahter haphazardly. Although
I read a positive article in IC a few weeks ago which got my attention....

[tofftrader] 29/11/2004 14:40

Me too igoe1204, makes up for a filthy punt I had on PRE last week. Funny how it's the gems who always make up for the untimely punts, e.g. CYC, and now BLU looks like a real winner.

[trigsta] 29/11/2004 14:38

bound to get press coverage as well after first float!