Blue Star Capital Share Discussion Threads

[enyaoliver] 07/2/2005 13:47

Must be about to rise as Black Raven is flying...!

[plast] 05/2/2005 18:57

sandbank, if your out there then how about a look in at some time, seeing as you started this post , some info on your part would be welcomed im sure.

[plast] 05/2/2005 18:55

more floats to come , will check it out and post if i find anything, regards.

[enyaoliver] 03/2/2005 08:39

OK what's in the pipeline for this company any deal dates etc - anyone?

[psps] 03/2/2005 08:12

weh hey up 12%

[plast] 02/2/2005 22:03

well done blue nice to see a tick up again keep it going .

[enyaoliver] 31/1/2005 14:51

This company could be 30p by March if this sentiment continues!

[ppowerscourt] 28/1/2005 14:58

GFC also up 16% at 13.75p---Kanabar's groundworks construction outsource co.

[plast] 28/1/2005 10:46

nice tick up today, keep it coming, hope the mms dont look at this, sure to go down if they do, mms look away this is ok, look into my eyes look into my eyes,
not around the eyes, your under,you will not drop the price,infact you will rise the price to £3 321 your back in the room.

[topvest] 26/1/2005 22:29

FT article - good news for current shells? Probably bad news for Blue Star though, unless strategy changes to WST approach - i.e. set up the shell before listing.

Cash shells face tighter Aim rules
By David Blackwell
Published: January 26 2005 02:00 | Last updated: January 26 2005 02:00

Aim is set to tighten its rules on cash shells, which have become an increasingly popular route to market.


The London Stock Exchange will next week publish for consultation proposals intended to keep the more speculative shells from joining the junior market. If the plans win the approval of the nomads (nominated advisers) and other Aim participants, they could take effect from March. They will apply to cash shells that have already joined the market but which have not yet done a deal.

The main plank of the rule change is a proposal to give cash shells just 12 months to do a deal. If no deal were to be completed in that period, the shares would be suspended - although the shells would be allowed a further six months to find a deal before being delisted.

The rule changes will also suggest that cash shells must raise a minimum of £3m through the flotation, and must also submit a much more detailed business plan than has hitherto been required.

"Cash shells have a valid role on Aim," the LSE said yesterday. "But the success of Aim is dependent on maintaining its reputation."

There are about 30 cash shells among the 1,000-plus companies listed on Aim. They can offer much promise, but they require health warnings. The most commonly cited case is Knutsford, a vehicle for Archie Norman, Julian Richer, Nigel Wray and Nicholas Leslau, who were planning to bid for a large retailer six years ago.

Excited investors quickly drove the stock from 1p to 270p - but no such deal materialised. Instead it eventually bought an investor relations firm and now trades under the name WILink.com.

Interest in cash shells has picked up again following the success of David Page, the former chief executive of PizzaExpress, who started Clapham House Group as a cash shell in order to build another restaurant chain.

He was quickly followed by Urban Dining, which raised an initial £2.75m through a placing with six institutions including Henderson Global, Framlington, Isis and Unicorn. All six took part in the secondary fund raising five months later, when Urban acquired Tootsies, a chain of 23 burger bars.

In September, Augean floated as a cash shell, with institutional backing for a plan to take advantage of consolidation moves in the hazardous waste and water supply industries. It initially raised just £2m at 125p, quickly returning to market two months later to raise a further £100m at 180p for the acquisition of two hazardous waste companies.

The company, which has yet to report any results, now has a market capitalisation of £165m.

[ppowerscourt] 26/1/2005 09:25

plast

today Hanabar's High Tower/Greenfield GFC company made the gainer's board at 12.5p. again, although no bb thread. Also a 50k BLU purchase slipped quietly by yesterday.

I am ever so hopeful for Black Raven's bright future because of the pedigree of directors/management.

[plast] 25/1/2005 20:18

ppower, we are out here, well i am , just waiting and watching, this will go,
just time , just time.
plus ios to look forward to it moving witch will help the share price.

[ppowerscourt] 22/1/2005 10:11

Read on the ASC thread that Nigel Robertson's brother is the CEO of ASOS; both are grandsons of Austin Reed.

[ppowerscourt] 20/1/2005 13:28

71,000 sh. bought today.

also, if you're interested in H. Kanabar's Greenfield Construction plc GFC, it's in today's gainers' board with interim results. I think that Black Raven will inter-react with the data base and activities of Greenfield/Hightower.

Please tell me I am wrong in my conjecturing.

[ppowerscourt] 20/1/2005 05:58

Hi fellow BLU holders,

Interesting to note the second proposed float of Black Raven, a property company which deals in sales of long leaseholds in commercial, residential and leisure sites; selling the developed sites ahead of the completed stage and partnership with architectural concerns.... etc.

Look at the Header---Haresh Kanabar's achievement in Hightower Construction which owns Greenfield which does work on groundworks roads and foundations for housebuilders. It seems like this new company was not a birth from nowhere or nothing. One could see the connection.

I personally think this float in February is a seamless cohesion of Kanabar's expertise. I also am fascinated by the the novel concept (is this concept novel? i ask you.) of selling the sites after groundworks laid and not tie up the capital until the completion of buildings is finished. Let the other mainstream housebuilders and construction firms take care of the rest and a quick turn-over profit is realized by Black Raven before bldg. completion. This forethought, therefore, needs the help of architects whose blue print for the finalized possibilities of the finished article. (It's a bit like selling a property with planning permission in place; but a bit further than that because architectural vision and groundwork are in place as well!) BTW Greenfield is on the 30% gainer today. In reality they are selling blueprints of a future building or arena and perhaps still provide the prepared and laid groundworks on which other developers and builders could then take over from there instantaneously. Fabulous! Correct me if I am misguided, please.

This scheme is brilliant in my inexperienced view of the property game! i remain a strong holder; surprised to see not that much interest stirred up yet!

[plast] 19/1/2005 10:29

krishall, my friend was right ,and i do do my own research, its that my friend and i research together,so was just shorting the post, was in a rush when posting it , but i was right what i posted, as for the news i think as there has been two floats anounced so far, i would say that there is more to come with this stock ,good times ahead. good luck with what ever you decide.

[krishall] 19/1/2005 06:38

With the investment in IOS then BLU was at the top of my 'prospective putchase' list. Was waiting to see there next investment. Having seen that yesterday then not too impressed. Personally don't feel this is the right timing to get into a property venture. Time will tell.... S87

[ichykent] 18/1/2005 17:36

Blue Star Capital plc
18 January 2005


For immediate release 18 January 2005





BLUE STAR CAPITAL PLC

('Blue Star')



Proposed Investment in Black Raven Properties 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 Black Raven Properties plc, a company that today
revealed plans to float on the Alternative Investment Market (AIM).



Black Raven Properties is a property company that plans to purchase and develop
commercial, residential and leisure sites through the formation of a joint
venture with a construction firm and an experienced architectural practice.



This is the second investment to be proposed, and second flotation candidate to
be generated, by Blue Star Capital since its flotation in October 2004. Its
first investment, India Outsourcing Services plc, successfully floated on AIM in
December 2004.



Blue Star intends to invest £275,000 in Black Raven Properties in return for 30
per cent of Black Raven's shares.



Nigel Robertson, Blue Star Capital's Chairman, commented: 'This is Blue Star's
second investment, after India Outsourcing Services, and highlights the
diversity of investment themes to which Blue Star intends to gain exposure. We
believe that Black Raven Properties has the potential of bringing a highly
promising, asset-backed dimension to Blue Star's portfolio.'





For further information:


Blue Star Capital plc Tel: [phone]
Nigel Robertson, Chairman
Haresh Kanabar, Chief Executive

Durlacher Limited Tel: [phone]
Jonathan Retter
Katherine Roe

Buchanan Communications Tel: [phone]
Mark Court
Elly Williamson



The full text of Black Raven Properties' press announcement follows:





BLACK RAVEN PROPERTIES PLC

('Black Raven' or 'the Company')





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



Black Raven Properties plc, a property company formed to purchase and develop
commercial, residential and leisure sites, 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 Black Raven and proposes to make a significant
investment in the Placing.



Highlights



• Black Raven has been formed to seek, purchase and develop commercial,
residential and leisure sites with the objective of generating the majority
of its profits through the sale of long leaseholds of developed units. The
Company's strategy is to sell properties following the completion of the
construction and site development phase rather than to hold a large
portfolio of completed developments.



• It is the Company's intention to establish a joint venture with a
construction firm and an experienced architectural practice. It is intended
that the joint venture will provide the Company with expertise and resources
in addition to site acquisition opportunities.



• Black Raven's Board currently comprises Nigel Robertson, the Chairman of
Blue Star Capital, as Non-Executive Chairman and Haresh Kanabar, the Chief
Executive of Blue Star Capital, as Business Development Director. Further
Board members are expected to be appointed at the time the first site is
acquired.



• Black Raven is raising gross proceeds of £1 million by way of a Placing.



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



• On Admission, the Company will have no investments or trading businesses
although a number of potential site acquisitions have been identified.



• It is expected that trading in Black Raven shares will commence on AIM in
early February.



• Arden Partners is the Company's nominated adviser and broker.





On the plans for the flotation, Nigel Robertson, Black Raven Properties'
Chairman, said: 'The property sector offers considerable opportunities that we
will be in a strong position to exploit through joining the Alternative
Investment Market and assembling a team of joint venture partners.'





For further information:


Black Raven Properties plc Tel: [phone]
Haresh Kanabar


Arden Partners Tel: [phone]
Paul Davies

Buchanan Communications Tel: [phone]
Mark Court

Elly Williamson




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

[krishall] 18/1/2005 17:03

as there's a RNS out today concerning a proposed investment by BLU then perhaps
plast's friend was referring to that. seems more a case of dyfr (do your friends research). S87

[plast] 18/1/2005 10:03

a friend of mine told me to buy more of this as they know something that is happening soon so we will see, im buying more, as all ways dyor good luck.

[pensionfund] 07/1/2005 15:08

IMO based on NAV this share is overvalued and the share price reliant on news/future prospects; no dividend therefore all gains/losses are in share price movement. There is an advantage in CGT terms to 'holding', however in my experience for this type of share the share price drifts very easily with a lack of news flow. That said I did buy in and after holding on for a little longer than I should sold for a 7% profit, not fantastic, but not bad for a month. I still like what the company is aiming to do and will continue to monitor future development.

Regards

PF

[plast] 07/1/2005 09:54

ratters thanks, its just with all the hype not so long ago ,im surprised
there is no share buying going on, surely it cant die that quick, still will hold for a while and see what happens, in for the long, regards

[ratters] 07/1/2005 00:16

Plast,

You have to watch BLU and IOS at the same time.

BLU owns about half of IOS.

IOS is simply a shell of a company - with ambitions to cash in on the ever-growing outsourcing UK/India biz.

It may be that they have gained an inside track on some more UK companies who are considering going down that route.

Having lived in India some years ago I can assure you it is very much a question of "who you know" and not "what you know".

Put these two together (BLU and IOS) amd you have to conclude that they are either on to something or a lot of people are going to be disappointed.

My money is on the former.

Good luck !

[enda] 04/1/2005 21:39

It might also be that its really hard for us punters to find info about this company... does anyone know if they have setup a web site yet?