Emblaze LD (DI) Share Discussion Threads

[landsker] 04/2/2014 16:42

what a mess

[moneyman18] 04/2/2014 16:31

45p NOW on the BLZ share price to sell, I think we are starting to worry, and NOTHING is stopping the fall

[waterloo01] 04/2/2014 15:32

Colin, do you understand this and the implications?

"To reduce the number of layers, ZBI November announced the distribution of shares of BGI dividends eye. ZBI stressed that the move was intended to prevent failing of the acquisition of control of IDB, by "various parties" who wish to apply the law retroactively concentration. However, in ZBI clarified that even if the arrangement IDB did not materialize, they plan to continue the course in preparation for possible investment in a public company through a cash Emblaze loamy.

Now, after the distribution of shares in BGI dividends in kind, remain in the pyramid of Granovsky a public company traded in the Tel Aviv Stock Exchange (ZBI), and in the future - if another purchase will be made - Pyramid will include two public companies. This structure is compatible with the recommendations of the Law of Concentration, which took effect at the end of 2013.

The plan released by ZBI, managed by Granovsky's confidant, Joseph Schneersohn, the distribution of shares of BGI will accompany the conversion to equity of shareholder loan granted by Chabad Fund 770 to ZBI (in a private placement), so that after the distribution and conversion of the loan, the fund will hold about 90 % of BGI instead of 84% today.

Each shareholder in ZBI expected to receive 0.53 shares of BGI. The market value of the shares held by ZBI is about 40 million, reflecting a dividend of about 73 cents per shareholder. In contrast, the share value of BGI books ZBI is 83.3 million, reflecting a dividend of approximately NIS -1.52 per shareholder. That is, during the distribution of dividends are expected to be even accounting implications will be reflected in future reports."

[colinhy] 04/2/2014 15:19

1614(Israel time), 4 Feb 2014 The Marker

Granovsky preparing to purchase a public company: Shrinking the single layer pyramid ZBI division reduced the pyramid structure so that ZBI can use 142 Mln Emblaze fund investment in public company through Emblaze.

However, ZBI clarified that even if the arrangement IDB did not materialize, they plan to continue the course in preparation for possible investment in a public company through Emblaze cash.

[moneyman18] 04/2/2014 13:47

ALL SELLS WTF !!

[cjohn] 04/2/2014 11:07

40p is an absolute steal. It's the typical dynamic: share price goes down, investors lose confidence in their position and sell driving price down further. Personally, I'm buying.

[landsker] 04/2/2014 10:55

blz has spent the last 5 years at least going up and down between 30p and 60p but more 40p on quite a regular basis, its been a great share to trade, i did think maybe that was over after recent events but it looks like that trend is still in place, it amazes me that every time it gets towards 40p there is very little buying, its usualy the mm's that push this share up and down, the volumes are tiny

[waterloo01] 04/2/2014 10:48

If I had some more visibility on these, I'd be tempted to buy at this level. However, I suspect that many will sell in the open market after the 11th, so will drive down the share price (Although like CJ I'm really not that good at short term predictions!). I wonder how many others are also sitting on hands!

[cjohn] 04/2/2014 10:39

Hi Landsker,

I didn't want to sell my holding in BLZ in the open market in the 50's or at 60 as they are worth more than that. They've got about 86p cash per share, plus the small chance of a major coup in the two trials. (There's even an infinitesimal chance that they could still end up getting hold of IDB.)


And even though your shares were tendered, you still could have borrowed BLZ shares and sold them in the open market, if you were as confident as you seem about the short-term direction of BLZ's share price

I WAS happy to tender all my shares at 66% above my average buy price, as I could then buy back in the open market at a discount. (Obviously, there was a slight chance of a brusque upward movement derailing that approach.)


Personally, I have no particular skill at foreseeing short-term movements, so I don't bother unless there's a very clear gain. Buying at 45, selling all at 60, then buying back in the 50s is not enough profit margin to balance against potential mistakes. Obviously, if yout timed all your buys and sells to perfection, your profit margin would be greater. But I don't believe in such perfection, at least for myself.

[moneyman18] 04/2/2014 01:00

So why is it so bad for BLZ's SP

[colinhy] 03/2/2014 22:34

Globes.co.il 3 Feb 2014

In the global business world, no private or public company operates in a vacuum, and money that changes hands always leaves some kind of trail.

Moti Ben-Moshe, the new co-controlling shareholder of IDB Holding Corp. Ltd., who was until recently an unknown private businessman, has personally experienced this lately, following the investigation into his business affairs by IDB's previous controlling shareholder, Nochi Dankner.

article link

[moneyman18] 03/2/2014 15:27

I will be interested to know if you were deducted TAX

thats presuming you managed to sell any of your shares

[adg] 03/2/2014 15:03

I was wanting to know when we find out how many shares have been taken up - as for payment RNS says:

Cheques despatched for Emblaze Shares by 11 February, 2014
purchased pursuant to the Tender Offer and
payment through CREST for Depositary Interests
purchased pursuant to the Tender Offer

[landsker] 03/2/2014 15:02

febuary 11

[moneyman18] 03/2/2014 14:27

31st Jan money should be in your accounts NOW

With a BUY price of 48p you should be QUIDS IN

[adg] 03/2/2014 14:16

any idea what date we find out how many of our tendered shares have been taken up?

[landsker] 03/2/2014 13:42

the mm's are probably lowering this in anticipation of a lot of disgruntled shareholders unleashed from the shackles of the tender dumping their remaining shares on the 11 feb

i will be buying though if in this territory still

[adg] 03/2/2014 11:25

hahahahahahahahahahahaha you kidding?

[moneyman18] 03/2/2014 09:40

out of interest did anyone get their 75p ?

[moneyman18] 03/2/2014 08:16

50p to BUY

[moneyman18] 31/1/2014 16:34

Someone must have a massive short here, the MM's don't want to touch shares at this price, I should hve sold some at PLUS 60p when I had the chance

[landsker] 31/1/2014 16:30

47p now, i wonder if they are glad they bought that 5 percent extra for 75p

i guess the sensible thing to do with the dosh from your tendered shares is to plough it back in if it stays this low

[moneyman18] 31/1/2014 08:12

I wonder if this boy has covered his position with a SHORT option which means the share price price will not worry him

[waterloo01] 30/1/2014 17:25

Sure is a persistent chap, but then I guess most would when in his situation. I see the Apple case has some sort of (unknown to us) progress re Apples attempt to get the case put on hold pending the outcome of a supreme court case which set some president in this area. Judgement has been given re this, and I suspect he's said the case goes ahead, unless anyone knows better? MS case delayed 1 month to 5th March.