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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Business Direct | BDG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.365 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.365 | 0.365 |
| Top Posts |
|---|
Posted at 04/9/2008 13:54 by stock123 Interesting, investors section from thier website has been removed. |
Posted at 28/7/2008 22:15 by dibbs Topdoc - it certainly doesn't read well to me. I have had grave doubts that this company could survive for sometime. Other than the eternal promise of parcel Xchange, which has been a constant drain on the company, the other business operates where fuel costs and competition make survival very difficult.BDG have issued shares at lower and lower prices and who will back them now? There are a raft of profitable AIM companies with strong balance sheets and cash in the bank trading on single digit PEs. Companies like BDG are meeting their end as the cash runs out. Bear markets see the end of these companies, the weak fail, they did upto 2003 during the last Bear Mraket and they will do again this time. Cash really is king at the moment for both investors and companies alike. Dibbs |
Posted at 14/7/2008 21:26 by dibbs I'd call a £42,000 buy more confidence inspiring! £4,200 is punt money to many investors, certainly better than a £4,200 sale though!Dibbs |
Posted at 24/1/2008 22:50 by dibbs MM's moving down today could equally indicate a large sell being worked, yet to be reported? Falls are not always MM games IMO. The fears of a slowdown/ recession will impact on BDG for sure. How much I don't know, but the outlook for many businesses is less good than a few weeks ago. Less field engineers will be using parcelXchange in a slowing economy, just as volumes of products distributed for other customers will also reduce. I sold a few days ago with these concerns on my mind, the security of more cash is comforting! With profitable quality companies looking very cheap, companies like BDG aren't going to attract much investor interest in a more defensive market. Good luck to those of you who continue to hold. I reckon that these retain the potential to double or halve their share price in a day, so anything could happen! Dibbs |
Posted at 09/7/2007 09:26 by dibbs english1Pretty sure it is a RHPS update. Another stock I watch was marked up heavily this morning after being tipped by them. BDG is a previous RHPS tip and they would normally do a little update especially after the fund raising. Buys are very small, suggesting small tip sheet retail investors. Dibbs |
Posted at 25/5/2005 22:09 by dibbs BDG now very oversold, low investor profile and price finding support, starting to look like a buy again IMO. |
Posted at 21/3/2005 21:30 by lasata Tip Update: Business Direct delivers further progressPublished: March 2005 By Graeme Davies, Investment Correspondent Logistics technology outfit Business Direct Group has made solid progress in its opening months as a quoted company, justifying the 100% surge in its share price since Citywire tipped it last month. The £30 million company increased its turnover by £500,000 to £3.77 million and gross profits from £903,000 to £1.12 million although heftier administrative costs pushed losses from £325,000 to £1.05 million. Its shares are unchanged at 99.5p, Citywire tipped the company at 50.5p in early February. Chief executive Tim Houston told Citywire: 'Its all going according to plan, we are building up our sales force all the time and the box, software and operations are all going absolutely according to plan.' Business Direct has developed technology that allows it to leave 'intelligent lockers' on various sites around the country to which it delivers parts requested by field engineers overnight in time for collection the following morning. Its Softlocker system alerts the engineer by text when the requested part has arrived, and the engineer then goes to collect the part from a ParcelXchange with an ATM-style card, which ensures security and real-time acknowledgement that the part has been collected. By the end of 2004 there were 195 ParcelXchanges around the UK totalling 2,600 lockers, up from 2,300 at the time of its float in August. A further 500 ParcelXchanges have been ordered and management intends to install 30 a month going forward. It believes 250 ParcelXchanges will give it critical mass and beyond that it will fill in the gaps, there are also plans to expand the systems into Ireland and the Benelux countries. Since floating the company has acquired Concord Couriers, which gives it a bigger infrastructure, two call centres and four depots as well as customers such as Xerox, Computacenter and Cable & Wireless. Earlier this month it bought Esprit In-Night Express from ANC Limited which also delivers to engineers over night, thus removing a competitor and opening up its potential customer base further. The deal also gives Business Direct an extra 800 drops a night. The company has £2.2 million of its £3 million banking facility unused and Houston intends to make more acquisitions this year. Business Direct intends to continue growing rapidly this year and beyond with expansion into Europe once critical mass is achieved in the UK, where the market is thought to be worth £100 million a year. It will move into Northern Ireland this month, the rest of Ireland before the end of the year and possibly the Benelux before 2005 is out. Brokers remain positive on Business Direct with Daniel Stewart reiterating its hold recommendation and upgrading its forecasts. It has increased its profit forecasts for 2005 from £1.05 million to £1.36 million and for 2006 from £2.2 million to £3.2 million and says it envisages upgrading its forecasts further. Citywire Verdict: Citywire tipped Business Direct as a long term buy in February and we retain our faith in the company and its growth prospects. Investors who have enjoyed the 100% rise since our tip may be tempted to cash in some profits but hold on to a residual stake for the long term. |
Posted at 25/2/2005 17:59 by lasata Citywire Tip: Business Direct should deliverPublished: February 2005 By Graeme Davies, Investment Correspondent With shares in logistics company Exel in focus on rumours of a bid from US giant UPS, the wider sector is under scrutiny and Citywire has unearthed a tiny logistics technology outfit that could find itself in demand. Valued at £16 million, Business Direct Group (BDG) floated last August but has yet to grab investors attention as its shares have traded between 42.5p and 53p. However, according to management its business is poised to take off. Shares were unchanged at 50.5p on Friday. The company only came to market once its intelligent locker system had passed through trials with Exel and German manufacturer Agfa in 2003. It has devised a series of what chief executive Tim Houston calls 'ATMs for parcels' which are secure lockers based in easy to reach locations used mainly by field engineers for the likes of Siemens. An engineer calls head office for a part, which is delivered to Business Direct then shifted on to the nearest ParcelXchange, where the delivery driver scans in a bar code to confirm delivery. Once delivered, the system sends a text message to the engineer to say the package has arrived. When the engineer arrives he has to insert a card and personal identification number before accessing the locker. He has to scan the bar code again to confirm it has been taken, thus telling the system the transaction is complete. BDG's system also allows engineers to return goods under the same system. Houston told Citywire: 'We have early mover advantage in this market and have a very profitable model.' He reckons BDG's system is far superior to rivals, which require engineers to go to busy depots or take deliveries direct to the boot of their cars, which can be more expensive and less secure. BDG has attracted clients such as Siemens, Orange, Exel and TNT and has also completed a trial with British Gas, which has 7,500 field engineers. Clients are charged rent on each locker a quarter in advance and with more and more clients signing up such revenues will grow. At the end of 2004 BDG had 195 ParcelXchanges numbering 2,600 lockers. To provide minimum UK-wide coverage, the company needs around 250 Xchanges, which should be in place during the first half of this year. Management strategy is to build this to 700 sites with 10,000 lockers in the UK, which would cut down the average travel to locker sites to three miles. BDG will expand into Northern Ireland in the first quarter of this year and has plans to move into Eire and Holland and Belgium later in 2005. BDG has also struck a deal with a major logistics company to license its technology for use across Asia, which could send revenues surging. Last month BDG acquired Concord Couriers from the administrators for a knock down fee, which could rise to £2 million subject to performance. This provides the company with a ready-made operational and administrative infrastructure for services it was previously outsourcing. Houston believes 2005 will be a breakthrough year for BDG and he admits he does not expect it to be an independent company in three to five years time if his growth plans come off. As well as the business to business model, ParcelXchanges could be used for business to consumer purposes such as parcel deliveries, and the company has even been approached by a major supermarket for home shopping purposes. Citywire Verdict: BDG certainly has first mover advantage and there are certain barriers to entry which may deter rivals from entering the market and make it a tempting takeover target once the business is proven. There are risks, such as bigger rivals entering the market and forcing prices down to unsustainable levels, but this appears unlikely and rivals such as TNT and Exel appear more inclined to use BDG's services than to try to replicate them. BDG's system can be scaled up very easily with little extra cost which allows for expansion into Europe this year as revenues grow in the UK. If it can begin to make inroads into the business to consumer market as well, then the utilisation rates of its lockers will rise and with it revenues will rise exponentially. It is a risk to buy in to such an early stage company, especially one with such a small free float as around 25%. Houston has been approached by City institutions that want to buy into the company, but has so far resisted as the company is well funded and he has not needed to issue more shares, thereby diluting the holdings of its early stage investors. However risk-takers should take a punt on a long term view. BDG is a growth stock with a strong product and the aim of building towards a takeover by a bigger rival. Long term buy. |
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