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BSST Bluestar

2.50
0.00 (0.00%)
Last Updated: 01:00:00
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 Shares Traded Last Trade
  0.00 0.00% 2.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.50 GBX

Bluestar Secutech (BSST) Latest News

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Bluestar Secutech (BSST) Discussions and Chat

Bluestar Secutech Forums and Chat

Date Time Title Posts
27/8/201512:05Bluestar SecuTech - Leading Chinese CCTV Player1,160
03/6/200918:52BSST-Armed Forces Supplier Status5
29/5/200909:41Results Due1
14/5/200916:34BSST-300% SP Rise?3
12/7/200807:48BlueStar SecuTech plc28

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Bluestar Secutech (BSST) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Bluestar Secutech (BSST) Top Chat Posts

Top Posts
Posted at 14/11/2013 13:00 by zangdook
Interesting - they wanted to buy back 23.52% but only 6.5% accepted. So the majority shareholders or concert party or whatever they are will be left with under 82% of the company - not enough to do a compulsory purchase.

This is quite a pleasing development as it makes clear to any other companies thinking of delisting and buying back their stock that you have to offer at least a modest premium to the share price if you want to be taken seriously. If they'd offered 4.5p they'd probably have got enough to force the rest.

(Assuming the 90% rule still applies.)
Posted at 02/11/2013 14:26 by zangdook
Here's some bed-time reading for anyone not already familiar with the Sinosoft story - however dastardly BSST are being, they can't match SFT - yet.
Posted at 23/10/2013 11:33 by edmundshaw
Shareholders do have the option of holding onto shares. But I would want to talk with management to check they will not force the purchase of those shares, probably at the same price, in the future, and just take out the minority shareholders completely. This has happened in at least two other cases (CHNS springs to mind, though there the offer was very decent).

I do not hold, please dyor if you do...
Posted at 23/10/2013 11:00 by masurenguy
Masurenguy - 11 Apr'11 - 989: Given the receivables issue, the share price has been stuck in a 20p - 25p range over the past 15 months so I took profits and sold my residual holding @21p last week. Todays announcement only adds to my other suspicion that they could delist in due course with unpredictable exit values for shareholders at that time.



My commiserations to all current shareholders. This was one of the two major reasons why I sold out 30 months ago after the CEO increased his holding to 44%. It took much longer to reach this point than I
had envisaged but sadly it ultimately still came to pass.
Posted at 23/10/2013 10:57 by lqs
Tender Offer

The Board recognises that not all Shareholders will be able or willing to continue to own Ordinary Shares following the De-listing. Although it is under no formal obligation to do so, the Board is therefore arranging for the Company to provide the Tender Offer Shareholders with the opportunity to sell Ordinary Shares held at the Tender Offer Record Date by means of a Tender Form (in the case of Tender Offer Shares held in certificated form, that is, not in CREST) or by TTE Instruction (in respect of Tender Offer Shares held in uncertificated form, that is, represented by Depositary Interests in CREST).

The maximum aggregate number of Ordinary Shares which may be purchased in the Tender Offer is 17,121,766 Ordinary Shares representing approximately 23.52 per cent. of the issued Ordinary Shares. The price to be paid for each Ordinary Share subject to the Tender Offer is 2.5 pence.

A Tender Offer Shareholder may tender up to all of their holdings.

The Company has received irrevocable undertakings in respect of their entire holdings from SecuLine Technologies Inc. and other persons currently beneficially owning 55,686,234 Ordinary Shares in aggregate, representing approximately 76.48 per cent. of the current issued Ordinary Shares, that they will not participate in the Tender Offer in respect of those Ordinary Shares. Details of the undertakings obtained are set out in the table below:
Posted at 23/10/2013 10:52 by zangdook
I'm surprised to see a tender at well below the share price at the time of announcement. I've seen plenty of these Chinese takeaways before but even when buying well below NAV they always gave a little something to sweeten it. A tender at around 60% of current share price is disgraceful. There ought to be a law.

edit: I have no interest here (used to long ago) but it's been on my watchlist.
Posted at 02/10/2013 10:04 by bill182
bene449 - welcome to the world of BSST. I don't think you will be disappointed. Watch out for the Interims in November.....I am anticipating a big improvement over last year. Good luck.
Posted at 16/9/2013 11:44 by bill182
Feedback from the AGM is positive in my view. The trade receivables are improving, in that they are approximately £2m less than they were. Of equal importance, is the improvement of the payment terms from their main customers. This has been mentioned as 'work in progress' in the previous annual report and will have a positive impact on the cash flow going forward.

With a current market cap. of only £1.82m, the current share price represents a significant discount to the net assets.
Posted at 16/8/2013 16:21 by bill182
Two good buys yesterday for 6.5 million shares. Would expect to see a disclosure next week as the figure represents nearly 10% of the shares in issue. Could well be the catalyst for a recovery in the share price.
Posted at 07/8/2013 13:15 by bill182
Well...the results were published as stated but failed to live up to expectation, in that the debtors figure did not improve as expected. On a positive note, the company is making profit and in the first quarter of the current year received payment of circa £3.45m which was a significant improvement over the previous year.

With net assets of circa £29m versus a market cap today of £1.73m, there is scope for a significant improvement in the share price. Whilst it is still a high risk share, the fact that the directors have purchased shares at much higher prices gives me a degree of confidence that the business will improve in the short to medium term.

I have added further today as I think the bottom has been reached and the share price should start to improve as further contract wins are announced.
Bluestar Secutech share price data is direct from the London Stock Exchange

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