Brightside Group Share Discussion Threads

[gargoyle2] 12/3/2013 03:55

Couple of big trades (1 million plus shares each) went through at the end of yesterday, at 24p. Is that Gannon finally clearing out? Maybe Mrs Banks? Maybe Marketstudy topping up again? In any event, these still look very undervalued to me.

[this_is_me] 08/3/2013 13:47

Volume has died again and the share price stuck.

[ceohunter] 25/2/2013 15:19

Brightside considers "big opportunities" in the e-commerce space

Martyn Holman, CEO at Brightside Group (LON:BRT), updates investors and explains the significance of the recent exit of Aaron Banks and John Gannon from the shareholder register. He also discusses the subsequent entry of Gibraltar based insurance provider Markerstudy with an 11% stake. Martyn looks ahead and talks about big opportunities in the e-commerce space and other areas of the company's business.

[this_is_me] 18/2/2013 12:43

Back up to the intraday high.

[sammy_smith] 18/2/2013 11:14

Listen to Brightside Group discuss their latest developments and the company.

Click the link below to watch;

[davidosh] 15/2/2013 14:54

New stronger shareholders and buybacks to take out smaller weak holdings if necessary. The share price should go north from here one would hope.

[cheshire man] 15/2/2013 10:55

See Marketstudy increased their holding's to 11%

[davidosh] 14/2/2013 17:23

Cazenove have announced over 5% too

[stevetk] 14/2/2013 17:20

Great news. BRT buy back...

[masurenguy] 13/2/2013 19:29

In terms of commitment and credibility going forward, I think that the following paragraph, in yesterdays shareholding RNS, is significant.

"the Company has been informed that Mr Paul Chase-Gardener has been transferred 6,865,919 Ordinary Shares in the Company, by way of consideration for his shareholding in Rock Holdings Limited. The transfer price to Mr Chase-Gardener per Ordinary Share was 22p. Following the transfer Mr Chase-Gardener is now interested in 40,566,205 Ordinary Shares, which represents 8.89% of the Company's issued Ordinary Share capital. Today Mr Chase-Gardener also resigned from all directorships of Rock Holdings group companies and is no longer interested in the share capital of any Rock Holdings group companies."

[gargoyle2] 13/2/2013 12:05

Someone offloaded another 9 million shares today.

[this_is_me] 12/2/2013 09:07

Patio58
12 Feb'13 - 07:24 - 36 of 36 0 0 (Filtered)

[che7win] 12/2/2013 08:59

Masurenguy,
sounds like a false market to me.

[briangeeee] 12/2/2013 08:29

It would be difficult to think anyone other than Arron Banks himself was the source of the market influencing information.

Delisting ambitious Brightside is easier to do as an outsider, says ex-CEO
"It is more troublesome to do this sort of thing if I stayed at Brightside because you have to look after the interests of all the shareholders. Making a bid for the company is easier to do from the outside," he said.
"With a private company you can make decisions for the long-term future of the company, while with a Plc you are always chasing last month's results and it has to be bigger and better the whole time. Sometimes with investment and things you actually want to do, you would do it differently.
"But this way, you can team up with a private equity bidder that has more persons that have deeper pockets. Brightside is an amazing success story but it always has more ideas than it has capital to deploy."

[masurenguy] 12/2/2013 07:57

As suspected, it's good to see the overhang of shares disappear with Banks effectively finally exiting from any ongoing significant financial interest in the business and also the potential overhang from Gannons disposal. Will the proposed 10% share buyback, announced last month by BRT, now still be actively pursued by the company or will it be just quietly sidelined ? Markerstudy, as a new shareholder, certainly adds credibility to the future prospects of the company as a key provider of underwriting capacity.

However I would really like to know what the media coverage of the sudden departure of Arron Banks last June was all about. Did he really state that he was going to make a bid for the business from the sidelines as was reported in both the local and trade press or was this just a case of excessive media speculation ?

Bristol insurer Brightside's founder quits to mount bid for firm
Brightside, the Bristol-based specialist insurer, could be taken private in a deal led by co-founder and chief executive Arron Banks. Mr Banks, (pictured) who resigned from the board today with immediate effect, is understood to have the backing of a private equity firm. The bid would buy out institutional shareholders and take the company private.


Brightside chief to lead private buyout
Brightside chief executive Arron Banks is stepping down to lead a private equity bid for the broker and financial services business. The deal would see Banks, backed by private equity funding, buy out institutional shareholders and take the company private. And, if he succeeds, Banks has said he will eye
up a deal for van broker Autonet.


Exactly who was the source of this information and what was behind the reports that he was going to make a bid for the business while his actions appear to have been the opposite, with him gradually disposing of his shares in the open market and not reporting them as required under stock exchange rules. I really think that this requires some further investigation and clarification in order to both underpin future management credibility and to address the situation of how the largest shareholder can be reported as seeking to mount a bid for the business while actually disposing of his shares and not formally declaring this activity.

[patio58] 12/2/2013 07:24

This_is_me 12 Feb'13 - 07:21 - 34 of 34 0 0 (Filtered)

[this_is_me] 12/2/2013 07:23

Yes the RNS reveals all. A lot of dealing behind the scenes all released at the one tine.

[this_is_me] 12/2/2013 07:21

Patio58
12 Feb'13 - 07:20 - 33 of 33 0 0 (Filtered)

[patio58] 12/2/2013 07:20

This_is_me 11 Feb'13 - 22:29 - 32 of 32 0 0 (Filtered)

[trader_3] 12/2/2013 02:11

Reassurring to see BRT listed in Investors Chronicle 060213 using the magic formula screen based on hedge-fund star Joel Greenblatt. Last years identified shares gained over 25% in the year .

IC comment:- 'The performance generated by our screen tallies with the impressive results Mr Greenblatt found the formula had achieved in the 17 years between 1988 and 2004. Over that time it produced a return of 30.8 per cent a year compared with 12.4 per cent from the S&P 500.'

[this_is_me] 11/2/2013 22:29

Looks like a lot of trading going on behind the scenes.

Counting the big trades as showing both sides of the deals that makes around 70 million shares traded today.

We should see announcements on the RNS tomorrow.

[count chris] 11/2/2013 21:02

Quicker the better really and if the share price can rise while it's happening where's it going to go when it's finished?

[masurenguy] 11/2/2013 15:00

Yeah - probably right - there seems to be mostly matching trades reported so this could still be the two Banks exiting process in play.