Bradstock Grp. Share Discussion Threads

[bollers] 13/3/2002 16:05

Was considering ditching my small holding of BDK (at large loss), when discovered that 'Belgate' who bought 15% of the stock in Jan. (RNS) are also shareholders in a large Australian insurance co. Buried in the annual report from the oz company is the information that they are looking to increase their UK business by acquisition. Coupled with the info from BDK about 'resolving their pension funding issue' (RNS) more news to follow, and I've decided to sit tight.

Proceeds from selling them wouldn't enable me to drown my sorrows anyway.

[energyi] 11/3/2002 17:06

Can't get it... These have Negative NW... Tiny mkt.cap.
Must be better oportunities in the Insurance Sector these days:

[justjim37] 24/1/2002 16:48

BDK starting to take off?

hope so

[dmhzx] 18/1/2002 00:31

Jim,
You're right abouth the BFG spread. Today it's at 14%, whihc is the LOWEST it's been for ages. It's certainly not a fast trading share, but I reckon it will double by the summer.
I'd be interested to hear about your system, although right now my 'pool' is only about 12K.
DMH

[justjim37] 17/1/2002 12:14

dmhzx.

Tomrrow, sorry today, SMP & XTL

Be lucky

Jim

[justjim37] 16/1/2002 18:04

dmhzx,

AUK up another 12% so will probably sell early tomorrow for a nice 46% profit in a week.

I'm more of a day/week trader than an investor. I have a bank of £50k and have been makin an average of £350 per week for around nine months based on a system devised by a fellow sharecrazy - OBARMOTH - and myself, which took us six months to develop. He makes £600 per week cos he never gambles and knows when to sell which is my main weakness. We gave 15 winning recommendations out of 17 to Sharecrazy.com (easily verified) but we don't post there now as all they are interested in are "games" shares.

SOF was a tad down but I believe it will recover tomorrow.

Be lucky

Jim

BFG is interestin, thanks, but the spread is horrific. I normally buy shares in £3k lots so if I bought BF I would immediately be £567 down!!

[dmhzx] 16/1/2002 13:05

JUSTJIM: I've already been in and out of AUK this week. MaAbe out too soon, but a 30% profit in one day is not to be sniffed at. Did well with Carbo too! - but that's my first two in ages.
AUK may well carry on going up, but will probably fall back after results. There's too many people around who buy on the rumour and sell on the news regardless of the rumour or the news.
What I like about this one, is a nice turnover with a low market cap. (Unlike SEN which already has a market cap of £28 million, and is turning over about 500K.)
I will have a look at SOF, in the meantime, you could do a lot worse than check out BFG.

Good luck
DMH

[justjim37] 16/1/2002 12:03

dmhzx,

On a serious note I see BDK ticking up slowly each week for a while or too yet.

Not for day traders but a nice addition to any medium (three month) portfolio.

Very short term have a look at AUK

For CERTAIN medium/long term have a look at SOF.

Jim

dyor AND BE LUCKY

[justjim37] 15/1/2002 16:53

Another nice buy late in the day.
Should tick up tomorrow.

Am I the only one left on this thread

"Only the lonely know the way I feel tonight.............."

[justjim37] 14/1/2002 19:48

Some nice large buys at the end of the day.

[justjim37] 14/1/2002 13:18

Looks like Belgate bought their shares from Houston or am I bein too simplistic.

If so, why????

[justjim37] 13/1/2002 10:57

Any BDK news in the press?

Can't find anything in the Sunday Sport or News of The World :-)

[justjim37] 12/1/2002 11:43

Thanks scov,

Have now registered.

Jim

[scov] 12/1/2002 09:04

You just have to sign on at www.Citybull.com It is a discussion site for the maturer and wiser investor. Not exceptionally busy but the quality is higher than most places.

The bottom line is that Belgate was managed by Kingsley C Lamont. I copy his resume below. You will see that he used to be the non exec Chairman of OAMPS. OAMPS is an aussie based insurance related company. They also have activities in the UK and are widely used by the oil sector.

A further search on Mr Lamont revealed that he got into a little difficluty with the Australian Securities and Investment Board after he bought some OAMPS shares in a dutch auction from a fellow director at a premium. It appears that the Aussie authorities held this to be insider dealing and although they accepted that he bought to rid himself of an unwelcome colleague, nevertherless he is currently not allowed to be a director in Australia. (I am attempting to find out more about Mr Lamont and Belgate from a bunch of Aussie investors.)

Anyway it does appear that this man is highly regarded. I would be guessing that this could be the start of an industry bid. And I stress that I am only guessing. Of course Mr Lamont cannot be a director of Belgate now and exactly who is behind that company I am not entirely sure.

I hope that is helpful.

""Kingsley C Lamont
(Non-Executive Chairman)

Kingsley Lamont joined the board of OAMPS Ltd on 27 November 1998. He is a qualified accountant and has in excess of thirty years administration experience in finance management and cost control in both private and public companies.

He is managing director of Belgate Pty Ltd. During the period since his appointment, matters have arisen of strategic importance where Mr Lamont has acted in an executive capacity. Given the management structure is now in place, Mr Lamont will not act in an executive capacity in the future, unless at the request of the board. ""

[justjim37] 11/1/2002 19:30

Hi scov,
I couldn't get access to the web site.
Any chance of a summary, please
Jim

[scov] 11/1/2002 15:11

That is a shame. See:



OAMPS exec. Looks like an insurance industry buyer to me. Steve, do you want to explain who OAMPS are and the link, or shall I?

d

[recruiter] 11/1/2002 13:51

well I'm out now. May regret it, but sell on the news & all that.

[recruiter] 11/1/2002 13:43

whoooooooosh.....
it may have gone up a lot recetly, but this company is still valued at only £4m.
New Board, steamlined, new focus, niche market business which is THE area of insurance to be in (according to insurance experts).
Turned a BID down at 8p.

[cockneyrebel] 11/1/2002 13:42

Hmmm........... Nice call Freddy.


NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

BRADSTOCK GROUP PLC

2) Name of shareholder having a major interest

BELGATE PTY LTD

3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18

SEE BOX 2

4) Name of the registered holder(s) and, if more than one holder, the number
of shares held by each of them

SEE BOX 2

5) Number of shares/amount of stock acquired

6,500,000

6) Percentage of issued class

9.75%

7) Number of shares/amount of stock disposed

N/A

8) Percentage of issued class

N/A

9) Class of security

ORDINARY 5 PENCE SHARES

10) Date of transaction

09 & 10 JANUARY 2002

11) Date company informed

11 JANUARY 2002

12) Total holding following this notification

6,500,000

13) Total percentage holding of issued class following this notification

9.75%

14) Any additional information

N/A

15) Name of contact and telephone number for queries

RODNEY JEFFREYS

020 7712 7500

16) Name and signature of authorised company official responsible for making
this notification

[recruiter] 11/1/2002 13:20

justjim37
wouldn't reckon it's profit taking. I think that at least 1 if not both of those earlier trades are buys.
We also have a definite 200K buy.
Don't be fooled, trades outside NMS can be delayed a day or so if need be.

[justjim37] 11/1/2002 11:42

Some profit taking today but not as much as you would expect - good sign.

lets hope for some weekend press.

[aghumra] 11/1/2002 09:01

Must be some more delayed 1m buys, lets hope so...