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BON Bonmarche Holdings Plc

8.50
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bonmarche Holdings Plc LSE:BON London Ordinary Share GB00BF8H6F45 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 8.50 0.00 00:00:00
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 8.50 GBX

Bonmarche (BON) Latest News

Real-Time news about Bonmarche Holdings Plc (London Stock Exchange): 0 recent articles

Bonmarche (BON) Discussions and Chat

Bonmarche Forums and Chat

Date Time Title Posts
31/3/202015:58Pure play on discount clothing sector898
22/4/201823:36*** Bonmarche ***1

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Bonmarche (BON) Most Recent Trades

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Bonmarche (BON) Top Chat Posts

Top Posts
Posted at 18/10/2019 19:46 by tomboyb
BON GONE BUST!
Posted at 19/7/2019 13:47 by buffett9
Wow, that early suspension is going to hammer the share price even more!
Posted at 19/7/2019 10:37 by buffett9
But Day's shares contain the control premium in any valuation. Since we have below 10%, typically a 60% discount is applied to our minority valuation (thus is industry standard: see hxxps://www.stirling-uk.com/business-valuations-for-minority-shareholders-in-smes/). Therefore though you say the whole company is worth 10x what it is now, our minority shares are only worth 4x the spot price of 8.5p, so about 34p. However given we might have to wait 10 years to realise our investment, applying a discount factor of 6% for 10 years gives us a present value of only 19p per share. This is barely twice the current Ask price of 10p.
Posted at 16/7/2019 09:29 by kinwah
It takes extraordinary patience to hold shares when a company loses its quote.Hence the collapse in the BON price. The likes of ii will also charge you about £40 for sending you the share certificate. Servoca saw exactly the same collapsing price action when it went off AIM but the company continues to trade reasonably well, publishes accounts and holds AGMs as before. If the BON price gets truly silly I'll have a punt.
Posted at 15/7/2019 09:41 by jbongo
So why has the share price gone up today? Is there a chance day won't force the rest of us to sell out?
Posted at 11/7/2019 08:41 by mnomis
The problem is, he has no incentive to treat minorities fairly ... no reason to pay dividends, take out minorities, seek a future listing for liquidity ... I decided to exit (Day's strategy of providing no information and refusing to engage with the useless BON board has proved effective in gobbling up the shares). Presumably on the cheap, BUT, the people with the most info chose to exit at this price (i.e. majority shareholder and board) ...
Posted at 10/7/2019 09:04 by buffett9
The media is talking as if this is a chronically loss making company - yet it has made millions in profit the last 5 years. This year is just a blip. Their accounts show they sold just under £80m of goods for just under £200m - they are a fantastically profitable operation. They just let the wage bill grow too high to £40m. Go into Day's EWM and there is only 1 shop assistant, yet in Bonmarche there are 2! Clearly can easily halve the wage bill saving £20m overnight. Guidance is for £6m loss (of which £4m is depreciation so cash loss only £2m). So 20m minus 6m gives £14m profit and £18m cash profit. Valued at a mere PE of 7 on £14m profit makes it worth £100m or 200p a share. Why are board recommending Day's offer then of 11.4p?? Company has almost zero long term debt or pensions liabilities. It could easily issue £20m of bonds or pref shares to the market raising the cash it needs to get through a couple of tough trading years. Every company has had a couple of years of a downturn in business. With the hot weather all the Bonmarche stores are super busy now !!
Posted at 28/5/2019 16:09 by jbongo
Yes, I suspect he wants the share price to drop a bit or for funds to get sick of the stock so he can get his 75% to delist. That ain't gonna happen if he steps in straight away and turns it round.
Posted at 02/4/2019 19:37 by kazoom
The RNS itself specifically says :

Subject to Spectre holding not less than 75 per cent. of the share capital of Bonmarché, and subject to any applicable requirements of the Listing Rules, procure that Bonmarché applies to the London Stock Exchange for the cancellation of trading in the Bonmarché Shares on the Main Market and that Bonmarché is re-registered as a private company.

Of course they could change their mind and attempt to get 75% of the votes at a GM, but thus far they have said they will de-list if/when they OWN 75% of the shares.
Posted at 02/4/2019 15:36 by aleman
s1zematters
2 Apr '19 - 16:04 - 759 of 762

Aleman, he does not need 75% of the outstanding shares to de-list the company, all he needs is 75% of the total amounts of votes cast at the special resolution for de-listing the company!

Where does it say anything about having a vote on a special resolution? All I see is Spectre trying to get to 75% and then delisting. There is nothing about having a vote if Spectre does not reach 75%. Is there some more information elsewhere?

(10. )If Spectre has, by virtue of its shareholding and acceptances of the Offer, increased its aggregate shareholding to not less than 75 per cent. of the share capital of Bonmarché and subject to any applicable requirements of the Listing Rules, Spectre intends to procure that Bonmarché applies to the London Stock Exchange for the cancellation of trading in the Bonmarché Shares on the Main Market...
Bonmarche share price data is direct from the London Stock Exchange

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