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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
Giving away 1/2 the company for a few million quid. That's poor. Always said the CEO wasn't fit for the 'business side' of the business.
Really can't work out why they've gone down this route as there must be better options. The delay has really weakened the share price. Financing should be done behind closed doors not like this, over months and months.
Great business. Rubbish managment. Can't figure it out
BELL must be a good takeover opportunity for a competitor here given the technology and the pipeline.
Sell some shares John
Drive down price…. We can nick 66% better deal.
Only sell few 100,000. That will do. Over a few weeks so it looks natural
We all benefit fella and nice few 100,000 notes each and we get to f&uck over those investors who have stood by the company
Why am I surprised
Just bent. Smells bent. Looks bent. No hope in next 5 years of recouping
40p tops now
Who the hell runs their business this way
Banks
Is there an alternative to TMT?
Some someone sells 500,000 over the month. And price drops. We suffer in financing! This is just corrupt
Won’t take long to get to single digits