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BSST Bluestar

2.50
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bluestar LSE:BSST London Ordinary Share VGG1195V1076 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Bluestar Secutech Share Discussion Threads

Showing 1001 to 1020 of 1225 messages
Chat Pages: 49  48  47  46  45  44  43  42  41  40  39  38  Older
DateSubjectAuthorDiscuss
25/11/2010
23:34
Back to BSST. I don't currently hold but stumbled across this HB comment which may be of interest.

BlueStar SecuTech (BSST, 21.75p, £15.84m)

BlueStar SecuTech (BSST, 21.75p, £15.84m) Interims to September 2010 from the provider of video surveillance in China reports its traditionally weaker first half numbers. Revenues have risen 54% to RMB103.4m (RMB67.3m) with gross profits up 43% to RMB54.2m (RMB38m), gross margins of 52.4% (56.5%) though distribution costs soared to RMB23.10m (RMB14.74m) and admin rose to RMB20.80m (RMB17.14m)leading to adjusted PBT of RMB 11.27m (RMB7.27m) which led to EPS of fen 21.56 (fen 9.99) on the back of zero taxation. The group ended the period with net cash of RMB28.60m (RMB73.45m at the yearend) post a RMB59.63m adverse working capital movement – though the wining of a number of key contracts which were "recognised as revenue" appears to be the explanation – though the move into networked products does require higher stock levels. Traditionally cash collections are strong in Q4 of the year so working cap should reduce in H2. The surveillance centre established at the start of the period ended with 379 financial outlets using its video surveillance with recurring revenues of RMB0.86m – which is expected to rise to RMB1.5m with a further 300 outlets expected to join. Forecasts of £3.8m are achievable if a bit of a stretch – but the H2 weighting of the business makes the outcome difficult to forecast, however that outcome would give 4.87p EPS – putting the group on a prospective PER of just 4.5x. We were holders at 25.75p in May and we return the group to a BUY with a 26.8p price target. (Julian Tolley)

Regards,
GHF

glasshalfull
25/11/2010
19:24
longsight- 957: Mas - when are you going to post evidence that I lost money on RCG.

You asked for it so this will do for starters. Unlike you, I don't go around making wild assertions without some evidence to substantiate them !

longsight - 4 Nov'07 - 11793: A point about Mrs Wang's increased holding in RCG before she died, being the richest woman in the Far East, presumably she was good with money. She had the inside track on the quality of this business long term and increased her holding. This is one of my main reasons for relaxing about RCG......If I really believe my own analysis of the long term quality of this story, then I am going to have to be patient.

RCG SP: 93p

longsight - 21 Dec'07 - 13675: Glad I'm in RCG etc and am getting out of all UK stocks.

RCG SP: 81p

longsight - 29 Dec'09 - 39044: Monty, I'm still very bullish though happy to be patient.

RCG SP: 82p

longsight - 7 Apr'10 - 12:00 - 41122: However, the shares are absurdly undervalued & will achieve a rerating by the end of this year as the Dato Lee / Azumi understated approach starts to reassure investors. I can not imagine that the share price won't be at least 6x earnings by the year end i.e. approx HK$15 or £1.27.

RCG SP: 74p

longsight - 14 Apr'10 - 19:45 – 41210: I have obviously spent vast amounts of time assessing & reassessing the RCG investment case. I am not short of other investment ideas so to remain invested here has at times been a struggle given the overwhelmingly negative sentiment

RCG SP: 72p

longsight - 28 Apr'10 - 20:16 – 41472: I believe we shall all become rich now except sadly for ELBAN & Zakmundo who will lose out because they are too busy looking for evidence of a scam.

RCG: share price 71p

longsight - 23 Aug'10 - 12:59 - 42891: I did sell my holding this morning in HK. The share price is very cheap - I wish holders really good luck & apologise if I have influenced anyone through my over bullishness previously.

RCG: share price 45p

You also ramped RCG so much that another poster thought you might even be on their payroll !

milacs - 13 Apr'10 – 41191: longsight, You are and always have been very positive concerning the welfare of this company. You post almost on a daily basis taking umbrage at any posts which have even the slightest negative slant on RCG. Do you represent the company in any way directly or indirectly.

Anyway, I'm now getting really bored with this and I'm sure that other shareholders here are really not interested in all your BS. I've also got far better things to do this evening than respond to your incessant BS. All the old RCG holders know you bought in during 2007 so you must have paid more than 93p. After then ramping RCG to death, you subsequently sold out at around half that price last August.

masurenguy
25/11/2010
18:53
Mas or Mad? - I think we know the answer to that one.
longsight
25/11/2010
18:25
Mas - when are you going to post evidence that I lost money on RCG. Please post evidence of my trades or withdraw your lie.
longsight
25/11/2010
18:01
Meanwhile Masurenguy / Masurengay you shd apologise for punting BSST. I think many people have lost money through your ignorance. I honestly suggest you shd get down & read a few basic books on how to read accounts otherwise I fear you will lose the little of your money that you still have left.
longsight
25/11/2010
17:57
Mas - I'm not the one who is stuck in this illiquid plop. There is nothing for me to get over - that is your problem.

As to Masurengay - we might never know who he/she was but I think you must be the prime suspect.

As to your lying assertion that I lost money on RCG - where is your evidence on my trades? Please post evidence for this or accept that you are a very low life form that makes lying assertions.

longsight
25/11/2010
15:17
masureguy:

I replied to your post on my VMP thread.

Could you please read and respond.

Thankyou

the_insiders
25/11/2010
14:22
longsight - 947: I think overall I made a profit though not as much as if I had bailed out earlier.

LOL - you should change your avatar to Pinocchio - we all know you ramped RCG to death for over 2 years and lost a bundle !

I'm not recommending shares to anyone - people should do their own research and make their own decisions. If people really want to know what I think about BSST then they can read my posts but they won't find any ramping by me.

masurenguy
25/11/2010
14:09
Mas - wrong. I do not represent myself as an investment sage & I clearly said on the RCG BB that I had got it wrong. I wd add that RCG was not my only investment. Some you get right, some wrong. I called RCG wrong - though I think overall I made a profit though not as much as if I had bailed out earlier. Who knows, RCG might yet confound the sceptics & reveal itself as a great business after all - but I no longer hold.

On BSST, I have called it right. This is a tiny business that has no idea how to control its receivables. The Results confirm this. And now China is tightening. Are you really recommending BSST as a good share? Personally, I think it is a dog. Just my opinion. DYOR - I think you need to.

longsight
25/11/2010
12:55
longsight - 945: clearly you think the way to put the case for investing in BSST is to talk about RCG.

No I don't - this is just another typical example of you trying to twist a situation as an attempted diversion from your own inadequacies. My comment on the BSST interims was very clearly made in post #937 this morning. My subsequent posts (#942 & 944) were in response to your absurd attempt to try and present yourself as some wise investment sage on the company (#940).

Fact of the matter is that after ramping RCG to death, by making hundreds of posts over more than 2 years, you finally dumped it and lost a bundle in the process, so you are hardly qualified to advise other posters on how to manage their investments !

NB: I originally bought into BSST @16p back in May 20009, as clearly documented on this thread, so I am still over 40% up at todays price. Also my investment in this stock represents around 1% of my total portfolio so it is not really that significant !

masurenguy
25/11/2010
11:16
Mas - clearly you think the way to put the case for investing in BSST is to talk about RCG. Why? I guess the reason is that the receivables at BSST have destroyed the case for investing - hence your strange vapourising about RCG. If you wish to talk about RCG you shd go to the RCG BB. Personally speaking, I sold out of RCG some time ago & gave my reasons why on that BB.

Any way I wish you GL here. You might need it. BSST's shares have gone backwards this year whilst most other shares have done well in a bull market. If BSST's shares struggled this year, will they do better next? I doubt it on these results.

longsight
25/11/2010
11:07
longsight - 943: so perhaps I shd dig up old posts freom you 2 praising RCG as an investment.

Go ahead if you can - I've never ramped RCG nor predicted any future prices for them either - but that has never stopped you from posting wild and totally unsubstantiated accusations quite often in the past. For the record I first sold out most of my holding in RCG at around 133p in March 2007 and the balance at around 82p in the autumn of 2009.

They are currently under 30p so they could have some difficulty to get to £3 by Dec 31st !

masurenguy
25/11/2010
10:48
I have given my reasons for exiting RCG on the RCG BB some time ago - these reasons, in fact, included receivables.

To be fair Steg you were also invested in RCG at some time as was Mas - so perhaps I shd dig up old posts freom you 2 praising RCG as an investment.

In any case, I never argued that my views are infallable & I think this BB is about BSST.

I have repeatedly given my opinion here that receivables are hopeless. I do not believe that rubbishing me represents an argument to invest in BSST - though obviously Mas does.

longsight
25/11/2010
10:23
longsight - 13 Jan'10 - 39191: We want to see that RCG can transform its opportunistic early success into long term hi quality growth bus. Add in the above possible resolutions of the overhang issue & I think the shares will hit above £3 over the rest of this year without difficulty.

I guess that there are still another 5 weeks to go before the year end !

masurenguy
25/11/2010
10:18
To be fair longsight, you think or thought that RCG was a good company :)
stegrego
25/11/2010
09:57
"the increased level of receivables to £21.5m is stretching their credibility and will continue to hold back the share price."


I have repeatedly pointed out that this was an unacceptably poor aspect of the business. And it is getting worse despite the phenomenal liquidity in China. Now with the tightening measures being introduced in PRC I can only see receivables getting worse. I can not see the share price progressing from here.

longsight
25/11/2010
08:53
Well done Steg. I've been in long term.
They need Bruce Lee to collect debts and we're on a winner

gelp
25/11/2010
08:33
Bought back in with a few this am.
Xenophobia will end eventually.

stegrego
25/11/2010
08:19
Great interims but the increased level of receivables to £21.5m is stretching their credibility and will continue to hold back the share price. They will need to deliver on their commitment to collect 75% of these receivables by the end of December in order to change this perspective !
masurenguy
25/11/2010
08:16
I see Barclays have a full year profit figure of £3.57m. That puts the share price on a measly p/e of 4.7.
bill182
Chat Pages: 49  48  47  46  45  44  43  42  41  40  39  38  Older

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