Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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What’s the significance bazza?
Tom's closing comment.
'I am very sceptical about this company after its latest disaster. I would certainly not go long. But do I want to bet against both Britain’s Buffett and also Mr. Magic? On balance no. There are better shorts out there.'
GLA
This is an interesting RNS which came out after market closed on Friday but isn't showing here yet.
https://www.investegate.co.uk/announcement/rns/belluscura--bell/holding-s-in-company/8124172
As a result of this investment Tom W has closed his short & recommended his followers do as well.
Might be life in this dog yet.
GLA
cm22
constant lies
utter lack of communication
when it comes it’s awful
burn rate that invites suspicion
a device that was due for full launch last september that i thought was launched
55 million definitely over ten years has produced sod all
takeover that was a shambles
6 million raised
nothing produced
2.4 million pounds left
can you imagine if your partner delivered this sh&t show to your life
the mood in the house would be toxic for some time
thinking about numbers
if anyone is interested in investing
60,000,000 at 8p would raise the money they have ****ed away and may buy them a chance
220,000,000 shares
but may get them hope
without another raise they will never launch new model and rights and patents will be sold by receivers
What some people may not be aware of is Bob Rauker is the main guy in charge of product development. The company doesn't really exist without him. I feel the atmosphere on this message board has become so toxic. Really unpleasant.
This new SP low is beyond dire and yet the CEO who has completely mismanaged this joke of a company remains in place. WHY??? Who else is to blame for this ??? I have ZERO faith or trust in him to do the job ( what other dodgy secrets are being withheld from us dare I ask ??) in leading this company forward and restoring shareholder value. As long as he remains, I suspect this company will find it difficult to attract any II’s (or indeed and PI’s who do their research) and in a few months will resort to a rights issue at 4p. I am appalled by this total farce. It is by far the biggest bloody banana I’ve ever been invested in and sadly I’ve made too big a loss to walk away. Other potential investors: DYOR !
As you seem to have a grudge against the company, looking at your frequent posting on the drop, my guess is you've an average significantly higher and so, very justifiably, want to stick the boot in! not doubting that they'll need cash going forward, but they still have funds to start manufacturing. whether they'll look for further cash first is moot. and, while their takeover of TMT didn't work as they wanted, it shows there are many 'innovative' ways to funds, in the current financial climate. could easily see the Chinese as fund suppliers to take a stake in the company.
but, as you say, wtfk's!
They need to do 4 times the work with 1/4 of the funds
They will need another funding
My guess… 100,000,000 shares at 6p????
Dilutes but may be a lifeline to profitability
Maybe not
Who knows
Only have to see what happens on AIM to see 'oversold' could easily trigger a buying spree of punts. when all's said and done, 9p IS cheap and, eff ups aside, they still have cash and still have manufacturing to do, as long as they sort out funding.
Madness for anyone to buy at these levels, this is heading under 5 p and likely considerably lower in the long term
Madness for anyone to buy at these levels, this is heading under 5 p and likely considerably lower in the long term
Theboyg,
You may be right, but nothing in this world comes easy.
If you want big returns, you must take big risks…trust your gut feeling I suppose or leave the funds in a deposit account where it is safe. But don’t risk what you can’t afford to lose – a good spread in other words.
In any case, I do enjoy trading – have done for decades – used to think I was doing well in the 80’s with all the privatisations and used to be excited about making £200 a deal - I used to apply in all my families name and others in shares like TSB!!
Deals just got bigger and bigger over the decades!
This one could go bust or a takeover bid…who knows – we shall see, but don’t give me any of that ‘I told you so’ stick if it does go belly up!
One top tip for the youngsters – don’t stare at the screen all day and react to every little movement – go away and do something else!!
Big bang
I just see what they trade on? No
Money to launch a product a year late!
No money to make product
No money to service old products
Inventory write down
If they are burning what is close to 800,000 a month without building anything their money won’t last the summer!
That 3 million includes the 5-6 million raised!!!
It’s beyond bad and no way back sadly
Just to watch 8-7-6-5-4-3p then administrator
Theboyg,
Sorry about delay in response. I’ve had a plumber in most of the day replacing radiators and sorting the main drain! – shares not high on agenda!
As expected, I think a short-term over reaction and I see it as an opportunity to buy more and reduce my average still further.
Time for a cool head – it does help having a brain tumour, no pituitary gland therefore body not producing adrenaline or testosterone!! The world could end, and I still wouldn’t raise an eyebrow!!
No TEK shares held by me now, but I did very well indeed out of those! (until I realised, they seem to think the shareholders are invested for the good of mankind, rather than a cash return on their investment, so I legged it at 30p, cost just under 5p!) – I’m hoping that Bell is different and understand investors are looking for a return – albeit a bit of a wait – could be wrong!!
My policy over the decades is buy, when everybody else is selling (as generally the market has already priced in the bad news) – all that people do is to crystalise their losses – having said that, there has been one or two occasions where I made a huge loss but can often offset them for CGT tax against profits in another company.
Anyway, just helped myself to another 230K shares to round total holding in this company up.
CM
They have 3 million dollars
No stock
Not yet written down any surplus stock and inventory
They have lied about production
Sales
Everything
The burn rate appears to be 500,000 plus per month and that’s when they produce nothing
Intellectual property may be worth few quid to administrator
But this is dead
Lies and lies
The 3 million includes the 5million just raised!! How do you burn 3 million quid doing nothing! ! It would seem this company is finished
Utter joke
Think it'd have to go a fair bit lower before anyone would make money on a bounce.
abandoning US is a kick in the teeth. why bother in the first place unless it was for 'made in the USA' stickers! substantial savings by manufacturing in China so... why bother with the US in the first place!
Not sure when the right time to buy is here but someone is going to make a truck load of money somewhere along the line
Wow, buy for less than 8p, surely this is an over reaction. can it honestly be worth less than half now than this morning.?
A group, somewhere, is going to start posting how it's massively oversold and then the herd moves in. might have to hit a miserable price yet... pick a number. could go to 5, easily, in today's markets. but then it'll spike back to 9 and then fall back again.
unless some further updates come in.
another load of ****** to come out of tek 😂😂😂
On the face of it, it is an overreaction. Based on the projections and the substantial cost savings from increasing production to China valuation should be a lot higher if they can deliver. However, they have lost a lot of credibility with the market. They have persistently undershot projections in the last 5 years. Lack of leadership quality and another handbrake turn with the ditching of US production based which was costly to set up.
At least the underhand maneuvering of TMT hasn't done them much good. They are now underwater from where they entered. That cheered me up.
Concept
My only thought is that the takeover lot knew of all this but still accepted
25,000,000 shares
They ain’t sold that many yet
That’s only piece of good news
Useless CEO it should say.
This is a desperately awful RNS-full of terrible updates and with barely anything to offset the feeling that this horse could be on its way to the knackers yard.
Am astonished that there are not calls for the very obviously useless to follow the equally inept FD out of the door.