The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hi Ismalia. I am away from my desk at the moment. As I have said before , the car business is set to grow rapidly. When the reverse takeover is finalised with Charles Dickson the new Executive Chairman in place the company will be fully diversified. Dickson is clearly a fast moving entrepreneur in the same school as Clarke. I would expect to see the four new businesses add an immediate shot in the arm to the profits of Barkby..........................
We now have 106 cars which means a substantial additional investment. I thought we were building a gastro pub business.
Good - the car that I purchased has reduced the stock level. It's a pity they don't update the gallery of stock held.
Thanks for the thoughts.
This will be due soon. It's all a guess/speculation but any thoughts on what may be include? Also anyone any thoughts on the sp on introduction.
We now seem to have 102.
I have a much better understanding now - thanks Fortitude. All we can do now is await the Prospectus. The ducks are lining up so let's hope they behave themselves and head off in the right direction. RNS suggested a higher sp when shares are issued - I wonder what the issue price will be.
Correction..............................................
Charles Dickson to be new CEO of Barkby Group. not as I wrote owner.................................
Ismalia. Looks very good the proposed deal to acquire the entire share holding of the above company. Through a placing we are to acquire two businesses namely a commercial property co handling 3 to 20 million pound sites. The second company a specialist coffee and coffee related hardware business and retail shops assume coffee shops . Also a large on line business. Charles Dickson ,the founder to be new owner of the enlarged Barkby Group. The price being paid 30 M. The report states that the share price will open materially above the prevailing share price of Barkby. My view. Transformational. G C is a master at this sort of growth........................................
Thanks Fortitude - you say GC has controlling interest in the taken over company which I take you mean the target. Is this then a related party RTO?
Hi Ismalia. Sorry haven’t made this too clear . As I see it the company business will remain in the hospitality pubs and cars but the taken over company will radically alter the size of the company.
With regard to GC stepping down, I can’t see this happening as he has complete control of the taken over company, through shares ie a controlling Interest.......................................................
A final point here as I have said many times is this company will move very quickly now..very different to mining.Just as a footnote I have very large holdings in all three of GC mining companies.
Fortitude, you say a very different animal will emerge-how different I wonder as I quite like the idea of building a hospitality group. GC to step down as Chair if the target Chairman takes over?
In any event I see substantial growth in the sp.
Ismalia, I note what you say and agree to the point of your comments on GC . GC has a very large holding and in no way do I see him standing down temporarily or otherwise. He will be the success of the business. It’s worth remembering that a reverse takeover involves a minnow , in this case Barkby , purchasing enough shares in a much larger company, to take complete control of same. The nett result is the minnow takes on the mantle of a full public company with all that implies...............................................
A very different animal will emerge................................................
Morning Fortitude - I'm inclined to agree with you that on return, which I would expect in early December we can expect the sp to be somewhat higher. In addition to the acquisition shares, a placing will be the most cost effective way to raise and bring in new investors. A move, at least to AIM is a must and like you I am here for the longer haul. Not too sure what will happen to GC though but were he to step aside (perhaps only for the short term), he does have interests in hospitality - Boston Tea Party and an Events business that could be absorbed into Barkby. As I have said I feel the deal is done and the Prospectus has already been printed and I would not be surprised to be reading it this weekend. As for the sp I think our current value of 6p somewhat undervalues the worth of the business so any shares to be allotted to the vendor would need to be valued at least twice that price. We must also remember that the original investment by GC and others was 9p.
12p - 15p seems a good place to start and that is not intended as a ramp.
We will see shortly
Definately under the radar this share. All didn't go to plan with SMA but I have held. I invested in the management team and I believe my patience will be rewarded.
Ismailia, we are witnessing the start of a rapid expansion programme over ther next 5/6 years as I outlined over a year ago on this board. With regard to the transaction it sounds like a master stroke possibly allowing us a way out of the NEX market. I expect an issue of shares probably through placing not rights issue. In any event ,the deal will have been agreed but subject to shareholder approval. What is for sure is on return to the market, the share price will be at a much higher price.. Tempted to sell ....DONT.....................
We need to see the documents which are probably in the post. IMO they would not have suspended unless the deal had already crossed the wire. Seems to be a quite massive acquisition for a £2.5m capitalised company.
So what are everyone's thoughts on this?
The “IN “ sector for the catering industry at the moment is the top end hospitality chains , witness the above. We have a declared aim of 12 properties over three years which I have always considered conservative. It does not concern me that there has been a lull here, only to be expected. We shall soon start to acquire again with a firm base of support.
With regard to the investor postings, this is only to be expected.........
1. The NEX exchange is not investor friendly
2. Giles Clarke’s réputation has been tarnished by the events in Africa. Wrongly in my opinion.
3. The general market conditions in the third market has not been encouraging.
HOWEVER. All of the above will soon start to change. I have posted on Kazera Global saying the same but fell on deaf ears..
Because Barkby is a minnow with no history , for me it comes down to 1. Giles Clarke’s track record. 2.Are we in a high growth area,yes is my answer. 3. Am I impressed with the current B of D, again yes.
As I have said on Kazera posing, G Cs companies ,namely four , are set for a rerating...........................
The. “IN” sector
The. “IN” sector
Thanks Fortitude. There was a drive to open pubs to the end of the financial year (May 31) since when - nearly 6 months has passed and we have heard nothing. Is that it or can we expect a few more bolt ons or an acquisition. GC as we know is no fool so when do you think we can see some corporate activity. Also I am a little concerned that it is either you or me who are able to or want to exchange thoughts. I have a friend in the North who likes what he sees, does not post but would like the thoughts of others - can you offer anything positive for he and me?
Ismailia... no I have heard nothing but am certain a site will be found as the future for this fast moving business is in the mass appeal end of the market. As I have found to my cost ,the middle market operators leave much to be desired. Being an award winning company the knowhow is taken as read......................................
Back to 90 cars then but I wonder if there is any slow moving stock. Fortitude you seem to be up to speed with events, do you have any idea if they have found the site they were looking for in Wiltshire?
But one sold today.