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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Brightside | BRT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 24.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 24.50 | 24.50 |
| Top Posts |
|---|
Posted at 02/12/2013 10:37 by trytotakeiteasy I wonder if the last guy was forced out as he said he was going to sort out related party (conflicts of interest) issues and so forth.... Brightside just seems a way for management to take out money for themselves and make none for investors... |
Posted at 21/11/2013 19:53 by trytotakeiteasy No I think Brightside are right.. if you have messed up the takeover, underwriting capacity, investor relations, issued a profits warning, changed CEO twice in two years (current guy is on way out), the important things is:Re-price share options lower...that is the right response to this kind of issue.. |
Posted at 10/10/2013 11:36 by trytotakeiteasy This_is_me - you were saying... looking at recent history and Brightside is opaque and not managed as well as it could be... could be a good long-term business but hard to enthuse new investors to buy the stock... if they can't be bothered to tell us why they have changed their CEO twice in two years why should we be bothered to invest... |
Posted at 18/9/2013 08:11 by masurenguy Well Holman didn't last long in the role - just 15 months since Banks departure. I also note that the BoD is "seeking to replace him" rather than he has decided to move on. Too many shenanigans here over the past 15 months commencing with Banks sudden departure, his rumoured intentions of bidding for the business, his subsequent undisclosed share sales, the cross interests of some directors with Southern Rock, the low bid from Markerstudy and the even lower valuation figure a few weeks later, the intention to replace the current CEO and a share buyback authority that they do not wish to use at the current price.If the BoD are not tempted to use their approved buyback option at the current price, why would other potential investors consider this to be a compelling value metric ! |
Posted at 12/9/2013 12:32 by trytotakeiteasy I'm not sure this is such a disaster in the way that people on this board seem to be stating... isn't this a profitable, cash generative business on a cheap multiple still... and with no debt.... certainly seems to have haphazard management... why even consider a bid at 27p???Last trading statement was not clear.... so am not too sure what to make of it but risk reward at this level can't be too bad surely... investors seem to be forecasting a profits slump.... At the very least I would hope these guys buy back some stock after the interim results... judging by the performance of most small companies in this area I doubt they will though. |
Posted at 09/9/2013 22:09 by briangeeee Yes, IIRC according to the current board it was because of a difference of opinion on whether to move into underwriting.The Markerstudy statement today just seems absurd. Sure they want to get the company cheaply, but at the same time as making a ridiculously low-ball indicative offer, they're making a bunch of demands. I assume BRT will simply issue a simple statement saying that the offer is not recommended, and get on with life. This bid will have done nothing for investor sentiment however, and raises questions about the current board, strategy, and prospects. From their recent investor video: "The team behind Brightside Group PLC heads up one of the fastest growing insurance broking and financial services operations in the UK". If truthful, the current valuation is low. |
Posted at 13/8/2013 09:44 by trytotakeiteasy Well interim results should be in September and these should be strong judging by the trading update. I can't see why Brightside investors would want to sell out at 27p to Markerstudy or am I missing something? Only thing might be weakness signalled for the second half due to "capacity constraints"..but should still probably grow...cash position must also be strong...Any thoughts here??? Looks like Goals Soccer bid a while ago which shareholders rejected as too low.. stock now above bid price....(although initially sold off when bid was rejected) |
Posted at 31/7/2013 08:49 by masurenguy Stegrego - 346: I can see what they are trying to do.... And frankly it's worked. Sold.It makes no sense at all to sell at 27p or less. If a takeover takes place - likely imho - then I can't see it being less than 30p, and if it does not they will obtain additional underwriting capacity as they indicated they would only 9 months ago. "Brightside.....has been granted delegated authority to determine premium pricing and to bind Markerstudy for up to GBP80m of premium......Subject to the results of this initial agreement the Board anticipates that additional agreements will follow which is expected to further boost the capacity available. Martyn Holman, Chief Executive of Brightside, commented: "The Board sets itself a target of broadening its underwriting panel in order to ensure sufficient and diverse capacity is available across its entire product range. The additional capacity being supplied by Markerstudy is part of this process and we look forward to making further announcements in due course." 18/10/12 Then, earlier this year they also announced. "The Company is also pleased to announce it has today posted a circular to all shareholders requesting approval to buy back up to a total of 10 per cent. of the current issued share capital. The seeking of this authority is in line with the Directors intention to maximise shareholder value, to provide liquidity to investors and to allow the market makers to better stabilise the Company's share price in relation to minor share transactions." 25/1/13 Since then Cazenove (now Schroders), Markerstudy and John Bowers have all increased their shareholding in the company but I've seen no evidence at all to indicate that any share buyback activity - "to maximise shareholder value" has yet taken place. Something is definitely in the wind but the earlier failure of the BoD to announce the share sales by Aaron Banks - until pressurised to do so by the stock market authorities in January - does not provide the confidence that we may have full transparency of what exactly is going on here yet ! |
Posted at 17/5/2013 10:56 by ceohunter To view Brightside Group's presentation from last night's Proactive Investors One2One Investor Forum, click on the following link: |
Posted at 29/1/2013 09:22 by davidosh Indeed....Well done all. For investors throughout the market and particularly in small caps it cannot be understated that ShareSoc is adding much needed strength to any debate, concerns and issues that shareholders have raised with companies and their advisors. The chairman of ShareSoc has a daily blog that is read by thousands and Brightside were mentioned yesterday. ShareSoc's prior contact with the company followed by calls to the advisors certainly added weight to that which individual investors had ralliedInvestors should help and support ShareSoc by joining as a member. www.sharesoc.org |
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