Broadcastle Share Discussion Threads

[dumpling] 15/5/2003 14:06

It would be nice to know the bad debt recovery situation. In other words, how much will be written off.

[washbrook] 13/5/2003 16:08

BROADCASTLE PLC (the "Company")

Trading update


Following the Company's sound results in 2002 and based on performance during
the first quarter of 2003, the Board continue to believe that an increase of 10%
in new business volumes for this year is realistic. However, given the current
economic climate, the Board intends to focus on credit quality and profitability
rather than be driven by the pursuit of volume.

[ben franklin] 11/3/2003 11:52

Good results but as ever with Broadcastle a little demand soon generated sellers - a couple of blocks of 25,000 took the bid price back from 53p to 51p in a very short time.

The solution to this is for management and the company's broker Williams de Broe to generate new institutional interest in Broadcastle. This won't be easy in today's markets but on a prospective PE of 8, a yield over 6% and realistic prospects of continuing growth, it shouldn't be impossible either.

As part of this they have to place the shares owned by the larger sellers - Marsh Finance and the Exeter funds. Otherwise the flow of stock onto the market will simply continue and hold back the share price, just like it's done today.

At some point Broadcastle will want to raise funds from shareholders - management says as much in the results. Institutional shareholders last put their hands in their pockets at 46p - they'll want to see rather more share price progress than low 50p's before they do so again.

Ben

[dumpling] 11/3/2003 00:14

Assuming growth of 10% we are looking at a future PEG of roughly 0.8. Not bad.

[dumpling] 10/3/2003 16:05

Look under 'HEADLINE' Anjam -'Final results'

[kdhill999] 10/3/2003 15:52

www.frequenttrader.co.uk just bought these today at 52p - normally his buys brings in small £5K trades just like mine for a 5-15% increase in 2 to 3 days but a bigger fall when he sells anything. good luck everyone

[anjam] 10/3/2003 15:23

What date does this go ex div ?

[washbrook] 10/3/2003 10:32

EXCELLENT results
EPS +45% 5.91p[4.06p]
Dividend increased 3.27p+8%
Profit up 39%

[mpearson] 07/3/2003 16:06

Results out 10th March (e-mail from fin. director )

[wumpus] 07/3/2003 09:10

So where are the results? I have not seen a notice of results on the 5th, although it was around there last year.

Anyone know of a date?

[washbrook] 04/3/2003 16:54

RESULTS out tomorrow should be OK.

[peea01] 12/2/2003 18:24

Just picked up on this one and it does look good value. Outstanding customer balances well up at the half year, bodes well if impetus maintained, and if this hasn't been at the expense of margin or quality. Awaiting results with interest.

[ben franklin] 11/2/2003 19:56

Broker forecast for Broadcastle issued in January shows forecast EPS of 5.8p for year to 31/12/02 and 6.4p (+10%) for 2003. Dividend per share forecast is 3.35p for 2002, rising by 13% to 3.8p in 2003.

If the 2002 figures are right this company's on an historic PE of 8.3 at 48p, and a dividend yield of 7%. On the 2003 figures the PE falls to 7.5 and the yield is almost 8%! Hardly expensive assuming the 2002 results are close to these numbers and the 2003 outlook remains reasonable.

[tday] 09/1/2003 16:36

dumpling

Bought 8000 at 47.5p at 16.10.

However it hasn't yet shown up as a trade. Strange that.

[dumpling] 09/1/2003 13:34

I think you hit the nail on the head Ben. However, if a company is good, its shareprice will eventually reflect this. I have therefore put my money where my mouth is and have just topped up.

[ben franklin] 09/1/2003 10:08

On 3 December the company announced that 3 funds managed by Exeter Asset Management had sold shares in BCS and taken their combined holding to just below 3%. Exeter aren't now obliged to announce any further sales of BCS shares. As the 3 Exeter funds involved are 2 split capital trusts with borrowings and a unit trust, it is possible that one or more of these is a forced seller through bank pressure or unit holder redemptions and looking to sell a lot more than went through the market yesterday. If so, we shouldn't expect a rapid recovery in BCS and it could fall further.

I don't know if it was Exeter selling yesterday, but somebody was clearly in a hurry to exit. An alternative answer is that Teather and Greenwood are unhappy with their replacement by Williams de Broe, and client holdings are being sold off.

An impending profit warning could also be the reason for the fall. It would be a real surprise after sustained and significant director buying.

With the company presumably in its close period now, the directors can't deal and the new broker probably won't issue a research note until the results are announced. The shares are vulnerable until there is confirmation that 2002 results are in line with broker forecasts and also that growth is continuing into 2003.

[vector] 09/1/2003 10:07

Yes I agree it should be SB. It would just be nice to see a share doing what it ought'a in this market. I'm no chartist but I do note that BCS has had a strong run up towards the results every year except 2001 when they had the accounting change/profit drop. Afte statement last August that new business continues to comfortably exceed last year we will hopefully see positive figures

[washbrook] 09/1/2003 08:35

Directors bought
Stewart 25000 2.12.02
Wooton 186500 15.11.02
Vaight 13141 15.11.02

[dumpling] 08/1/2003 20:27

Directors bought last month and it isn't as if the company is too big for them not to know what its finances are like. I don't care what the chart says - BCS must be a SB.

[vector] 08/1/2003 18:33

Any comments Washbrook?
I am a significant holder of these (for me) as a low risk lowly rated share with prospects and I would have thoughgt reasonably robust over the economic cycle? Rather woorried about the fall today though

[tday] 08/1/2003 17:03

The chart looks bloody awful.

I think I'll hold fire for the time being.

[washbrook] 08/1/2003 13:26

Weakness over the last few days down 2.5%.
When this bottoms out should have a good rise.

[washbrook] 03/12/2002 23:14

THE ARTICLE BELOW DILUTED MARSH FINANCE LTD HOLDING IN BROADCASTLE.

19.04.00 :+0, (44.5) enters into agreements to acquire 85% of Medical Equipment Finance and 100% of DCC Investments for a total of £2.67m to be satisfied in shares and cash. David Cust, managing director of both MEF and DCC and the principal vendor, will be joining the board of Broadcastle as CEO on a 12-month rolling contract; after completion, Cust will own 9.93% of the enlarged ordinary share capital of Broadcastle. This appointment will allow Tony Harvey, chief executive, to focus more on increasing the level of organic growth and entering other vertical markets possibly through new joint ventures and seeking further acquisition opportunities. MEF specialises in arranging operating lease finance for NHS Trusts and other hospitals. It has established a good reputation in the market and is now attracting a range of large and reputable medical equipment manufacturers which need to offer their customers complete supply packages including finance. Audited accounts for the year ended 31 December 1999 show profit before tax of £167,136 (1998: £149,549). Net assets at 31 December 1999 were £407,938 (1998:£276,380). The total consideration for the acquisition of 85% of MEF is £1,062,500, satisfied by the issue of 196,250 new shares and £975,168 in cash. £400,000 of the cash element is being deferred and will be payable over two years dependent upon agreed profit targets being met. The 15% minority interest in MEF is being retained by Rowe, MEF's sales director. DCC specialises in the provision of lease and hire purchase facilities to the primary health care market through a network of contacts developed over many years. Audited accounts for the nine months ended 31 December 1999 show profits before tax of £207,484 (12 months to 31 March 1999: £269,088). Net assets at 31 December 1999 were £1,061,109 (31 March 1999: £902,178). DCC is being acquired for £1.6 million. This is to be satisfied by the issue of 1,600,000 new shares and £888,000 in cash. These acquisitions take Broadcastle into two new but related market sectors and bring additional know-how in respect of operating lease finance, a product area that is expected to grow substantially over the next few years. The board believes that the additional resources available through Broadcastle will enable MEF to develop its portfolio of operating leases for NHS Trusts and other public sector organisations and help the expansion of DCC's primary health care business. These acquisitions are expected to contribute to the group's continued growth this year and in the future.

[washbrook] 03/12/2002 23:00

Ben Franklyn- Marsh Finance recently increased it's stake to 2.95% from 2.45%.
I have tried to find the whereabouts of them I can only find an address Heywood near Bury Lancashire.
RNS Number:6957P
Broadcastle PLC
18 August 2000


HOLDING IN COMPANY

Broadcastle Plc ("the Company")

The Company was informed on 15 August 2000 that Marsh Finance
Limited purchased 150,000 5p ordinary shares in the Company
on 14 August 2000. Marsh Finance Limited now has an interest
in 2,447,625 ordinary shares which represents 8.88% of the
issued ordinary share capital of the Company.