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Only 3 months ago. 3-10-2023 approval for X-PLOR oxygen device in Hong Kong. https://www.med-technews.com/news/Medtech-Regulatory-News/belluscura-receives-approval-for-x-plor-oxygen-device-in-hon/
2-1-2024. Belluscura's portable oxygen concentrator approved for Singapore. https://www.med-technews.com/news/medical-device-news/belluscura-s-portable-oxygen-concentrator-approved-for-singa/
CM22
I thought I added balance!
Have a good weekend
laura
they were market leading in 2021.
they have spent two years making almost none. any they have made seem to have been discounted.
they have lied about orders delivered or sent. see 2023 new year updates followed by trading update mid year.
they fail to inform anyone of any delay, alteration, plan. their sums don’t add up and it seems to bother nobody.
the design of their kit has changed but there was no update on that and the cost affect. new materials needed, old materials rendered useless.
and recently they have paid massively over the odds to raise money. someone tanked the share price selling a few 100,000 shares.they new company used that as a reason to drive a better deal which stinks to high heaven.
both companies use same broker extracting huge fees.
essentially the good old shareholder gets treated like ****e here.
and this is it. if they mess this up they are dead and buried.
all that said. there is some demand not matched by anything other than one notable order.
they have medical clearance in a lot of places worldwide. eu expected this year i think.
so they have lots of market open to them.
they just have none to sell and despite having all year have seemingly made almost none of the first or second model.
there will be january trading update that will make it very clear how great the future is. ‘jam tomorrow’ is their byword. you will hear of ever expanding opportunities and markets and that this is the time to push on ‘with confidence’.
that is usually translated as ‘there will be another delay but we will let you know 5 months after everyone else’.
ron rauker will tell you ‘he likes to hit his numbers’ but there will be no evidence of any numbers being hit.
if you read their latest updates ‘direct to consumer sales have trebled’ but the lowly shareholder knows not whether that is one unit to three units or 1000 units to 3000 units.
you can therefore assume it is closer to one unit to three units because if it was 1000 to 3000 units they would tell us, the price wouldn’t tank as it has…. it would stabilise and the new team of crooks wouldn’t have the ability to screw us over.
whether other companies have something similar only time will tell but two years wasted producing not much other than opportunities.
for most of us, the best result is a good year followed by a takeover by a bigger better placed company. one who is not happy to give 98% of the company away in exchange for a signed photograph.
so…. i think the trading update will be dire. will barely mention sales. and the price will drop to 15p
1-2-1 parity with new company will remain
if you invest i’d wait for the trading update. if you invest set yourself an exit point that is actually reachable. if you are in at 19p i’d get out at 30. that is achievable
but you now have 25,000,000 new shares owned by wealthy people who are not locked in at all. and they
Really appreciate
The deal set to close on March 1st is a reverse takeover with TMT and basically provides cash for BELL and shares for TMT. TMT is a vehicle of cash waiting to be allocated to some project. This case BELL. They have new terms of 1 for 1 share. That is if you own 1 share of TMT you receive 1 share of BELL. This is based on the share price at the time of 21p but it was only set at that level because TMT have been trying to drive down the Share price. I don't think it is very informative of what they see the value of BELL share price going forward.
Fair value is seen at over 100p but it is conditional on scaling up effectively and meeting analyst targets. It is covered by 2 analyst who has a price target of 124p. A couple of years ago it reached 136p when it was a lot smaller company, although financial conditions were a lot more favourable then.
Very many thanks
What "should "the deal on 1st March set as the floor price for BELL
Hi Laura2022,
I think a good place to start is reading this:
https://www.investorschronicle.co.uk/ideas/2023/09/01/profit-from-medtech-growth-with-this-undervalued-stock/
and this
https://theoakbloke.substack.com/p/bell-onging-together?utm_source=%2Fsearch%2Fbelluscura&utm_medium=reader2
To summarize, BELL have market leading products and massive demand. They actually have demand far outpacing the production that they can reach in the near term. The problem has been the financing to scale up. TMT have been messing the company around the last 3 months. However, it looks like it might be settled soon with March 1st the new date for completion of the deal.
I don't know how many individual investors TMTA have on their books but taking the company over, wouldn't that grow our investor book out by bringing TMTA investors onto Bell company investor book. IMO of course I Also think Jonathan Satchell and Paul Tuson who will join the Belluscura Board as Non-Executive Directors is a good move. They will bring their Business experience and connections into Bell.
Good morning all
It's all been complicated to follow so I would appreciate a quick summary of that has elapsed here at BELL and what fair value might be
I am looking to make an investment
Many thanks
How many of us would have participated in a rights issue? I certainly would have preferred that to what looks like a gifting of our shares to those who clearly want in. Why because it's a better option than their own firm and they can exit at zero cost with every prospect of a huge gain. I suspect they have secured their retirement on this single deal and leveraged the deal using delay and brinksmanship until BELL management became desperate. A very poor business deal that has diluted our upside I am afraid. The positive is that BELL has a great products and a bright future.
New details about Belluscura's proposed acquisition of TMTA
https://www.voxmarkets.co.uk/articles/new-details-about-belluscura-s-proposed-acquisition-of-tmta-c2ac18d/
I like their Business. Belluscura: Reinventing the Way Medical Oxygen is Delivered. https://www.youtube.com/watch?v=38iyOULNqjU
TC
You make a good point:
All those continual posts encouraging everyone to sell their BELL shares and buy TMT shares have also contributed. Wouldn't be surprised if they're connected too. One was incessant, daily almost, at outset.
For me they have spent 2,000,000 borrowing 5. Plus fees!
It’s cheaper than American Express but more expensive than the worst credit card you can get!
Only upside… the only upside
Is that they are worth £5million
At £24 million mcap 17p… puts them at 3.5-4p valuation
So it’s not all bad.
I’m off to see I can remortgage at this attractive rate with TMT.
And I don't buy the value of the TMT management. They could hire a decent CEO and just pay him a decent salary with a load of share options. Still way cheaper than this
Spot on CM22. With all the contracts they've been winning and a clear view of the runway in front of them, they should have raised more. Why couldn't they work out how much they needed then. It would have saved a fortune in the long run. (ie in comparison to what they're giving away now. Who's to say £5million is enough. Why are the giving up 50% of a company worth £20 million, even at this ridiculously low level for that. It's utter Bxllox
The thing is BigBang, this doesn't provide any certainty.
Hum, go out for a walk and this happens – there are plus and minus points I suppose.
Minus
As I said before, the ‘irrevocable’ agreement between the parties in the RNS was simply not true and certainly misled me.
I suspect the constant selling of round amounts over the last few months was down to TMT? – drive the price down and then renegotiate – clever I suppose?
Plus
Hopefully, things will start to move forward, and the price recover from now (assuming these terms are set in stone), but we thought that before – I guess TMT could have another go at driving the price down even further, but they do risk somebody else stepping in on such a good product!
Nothing like a bit of certainty re way forward to settle the price and considering this announcement, the price hasn’t dropped too far – although it was already well down.
Hopefully, they can get on with the actual business and fulfil these orders!
Time will tell, but at least there is some credible way forward!
TopCatz, perhaps a CEO with more business nous would have done a decent raise when the SP was at 140p. £20 million would have covered financing throughout the development period. A lot of companies did take advantage of the easy financing conditions to lock in long term funding at cheap rates during that time.
I wonder if miraculous good news follows….
Let’s hope so
A trading update delayed to fit this news
It just stinks
I have lowered expectations from very low to write it off and work til 99
All those continual posts encouraging everyone to sell their BELL shares and buy TMT shares have also contributed. Wouldn't be surprised if they're connected too. One was incessant, daily almost, at outset.
As it's now turned out those who did switch will have added 25% to their bottom line.
Still stinks though. Wish they'd find a solid backer somewhere and drop this lot. I was originally thinking of dipping my toe in when the finance gets sorted but with this lot involved I might need to watch a bit of dust settle
MBO ?
Rob ‘I like to hit my numbers’ Rauker
Utter joke
This is stomach churning sh£te
What a ridiculous price to pay
Interconnected people in both companies
In at 17p
And 5,000,0000 sells before anyone else gets close to a return
It’s disgusting