The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Looks strategic - last time he did similar was a rollover with CFD's. Only other thought is that it could be linked to RP if used as away to provide some liquidity for that company or the move the its BILL holding on. Future is uncertain- looks like core land line business which was going to fund distributions as it run-off will now likely cease much sooner than anticipated. BOD need to bring in new deals and existing deals to start generating decent EBITDA. At theses levels still looks an interesting investment as remains cash generative ,but not the compelling one it once was.
So Jim Mellon increased his holding by 4.4 million shares last week and sold them at a loss today? Anyone have any idea about what is happening here and what to expect in the coming months/weeks?
8.8m $ cash and 12m mcap ...ummm
It was a real kick in the teeth, just as the company cleared its debt and received a fairly favourable outcome in terms of the quantum of fine for the lawsuit. Now looks possible that the core landline billing service which was expected to run down over the next five years or so will be culled, at least in its present form. Future is uncertain hence the SP action I think
Market makers today decided to cut the share price by a whole quarter of its value based on a RNS that contained the words as follows : The most recent communication indicated that the LEC intends to take actions beyond what is required by the Consent Decree, and the Board is currently assessing the potential impact of these actions, if implemented. “if” While the exact financial outcome of this remains to be determined, the Board currently believes that it will have some effect on revenue and earnings in the current financial year and a material effect in the future. “remains to be determined” “some effect” “material”
This company has the capacity to pay off a very large debt is now debt free, would it stand to reason that they should have more “cash in the bank” which would in turn reflect in the future share price ? I would like to know is how much are they dependant on AT&T which appears to where the problem stems from? Researching AT&T`s lack of financial Oversight of a particular company for “Cramming, etc.” This appears not to be a recent issue, but one that happen a while ago, so why the fuss now? Or is this some sort of corporate procrastination? It doesn`t make sense when the whole issue is relayed in the latest RNS when in the board rooms this is old news, in essence the news is about Billing receiving mail from AT&T about things they already know years ago. If Billing have a contingency plan for being sued and has reserves of millions of dollars, surely they would have a plan already in place for an up and coming problem they foresaw?
Pomander ,do you think the problem is wider than AT&T ?
I am not so sure about that - core business was going to fund dividends now debt free now looks like rather than running down over the 5 years or so will likely disappear altogether next year. Management need to find alternative revenue steams and have been trying to for some time but without any material success. Highlights the risks of anything highly Govt regulated.
Excellent buying opportunity
Interim Results in next few weeks
BSG WiFi: Existing customers of BSG Wireless can use the BSG WiFi app to find & connect to over 300,000 premium WiFi hotspots in over 90 countries around the worl d. http://goo.gl/0R1vCn
Billing Services Group Ltd grew net income 316.31% from 2.08m to 8.68m. MarketsandMarkets forecasts the Wi-Fi Hotspot market to grow from $1,510 Million in 2015 to $3,325 Million by 2020, at a Compound Annual Growth Rate (CAGR) of 17.1%. North America (NA) is expected to be the largest Wi-Fi Hotspot market in terms of revenues generated, but Asia-Pacific (APAC) is expected to emerge as a high-growth market. http://goo.gl/L93NPh Wi-Fi hotspot market size was valued over USD 1.5 billion in 2015 and is likely to reach around USD 3.5 billion by 2023, growing over 17%. Primary industry drivers include rising internet user population for personal and professional work. https://goo.gl/lybFZK The wifi hotspot market is expected to exceed USD 3 billion by 2022, growing at a CAGR of over 15% from 2015 to 2022. The market is presumed to witness an intensifying growth over the forecast period attributed to surging mobile data, which is expected to show no sign of slowing down. A recent study by iPass suggests that worldwide wifi hotspots are expected to reach 47.7 million by the end of 2015. Over the next five years, the number hotspots are expected to exceed 340 million, roughly translating to one hotspot for every twenty people. Operators worldwide are moving beyond using wifi hotspot for easy access and are employing high-quality broadband everywhere. http://goo.gl/6hbfqv
Ovum believes that carrier billing is a growing market whose total transactional value was worth around $16.6bn in 2015 and, given the mix of drivers and barriers it is faced with (more on this below), it will reach $25.3bn in 2020 http://goo.gl/jbnRm0 http://goo.gl/fkHCOk Global Carrier Billing – a massive operator opportunity within easy reach http://goo.gl/grjBto Global Carrier Billing Revenue to Surge Nearly 70% by 2019 https://goo.gl/yF98yD 7 carrier-billing firms that are witnessing growth in their customer bases and investments https://goo.gl/lJlShq In 2016, direct carrier billing has expanded its global reach and is available to consumers in about 120 countries (representing over 90 percent of the world’s population) and is supported by multiple carriers in each country. Leading industry analyst firms approximate the direct carrier billing globally supports $12-to-$16 billion in sales annually and is projected to grow to over to $24 billion by 2019. http://goo.gl/s8kH57
Tue, 9th Nov 2010 Jim Mellon Regent Pacific Group Limited 69,992,600 ---- 25.01% Investor Relations Overview Denham Eke, a non-executive director of the Company, is a representative of the Company’s largest shareholder, Jim Mellon. When you subtract the other holders Leighton Warren Smith, Jr Norman McKenzie Phipps Hawkeye Capital Management Henderson Global Investors Limited Is the free float less than 38% ?
By the end of 2020, estimates suggest that NFV and SDN investments on service provider networks will account for over $18 Billion. Companies Mentioned BSG Wireless http://goo.gl/MK8Gqe http://goo.gl/MEPvlW
RNS wireline third-party billing with certain limited exceptions Quick explanation https://goo.gl/AS1bg0 DEFINITIONS 2 (c) “AT&T” means AT&T Services, Inc., its subsidiary or affiliate incumbent local exchange carriers (ILECs2 ), their successors or assigns, and any subsidiary or affiliate insofar as it engages in the placement of Third-Party Charges on a Bill for the provision of a telephone exchange service. AT&T may continue Billing its customers for: (1) the retail intra-LATA Toll and inter-LATA Toll services of the Designated Third-Parties and their Third Party subsidiaries; and/or (2) the Designated Third-Party Services. AT&T may Bill for Third-Party Products purchased through an AT&T ordering platform or an ordering platform of an entity majority-owned by AT&T Inc. directly or indirectly, if, prior to Billing for any such Third-Party Product, it first obtains the Express Informed Consent from the Person on whose Bill the Third Party Charge will be included or otherwise invoiced (Billed Party). AT&T must also send the Billed Party a Clear and Conspicuous purchase confirmation separate from the Billed Party’s Bill. AT&T shall send the purchase confirmation prior to delivering the Bill to the Billed Party. Express Informed Consent must be on a per Product basis (i.e., no blanket Express Informed Consent to be Billed generally for products or services not reasonably identified at the time of the Express Informed Consent or in the purchase confirmation). The Parties further agree that this Consent Decree does not constitute a legal finding regarding AT&T’s compliance or noncompliance with any law. It is the intent of the Parties that this Consent Decree shall not be used as evidence or precedent against AT&T in any action or proceeding, except an action to enforce this Consent Decree. http://goo.gl/IkLEvq intra-LATA Toll and inter-LATA Toll services Explained http://goo.gl/ZQIBe2 AT&T ordering platform http://goo.gl/Au3vai Ordering platform of an entity majority-owned by AT&T Inc. If AT&T acquires or owns a large stake in Billing Services Group then problem solved.
On June 30, 2011, the Company refinanced its debt and entered into a $48 million The Term Loan Facility required quarterly principal payments of $2.4 million through June 2015 and monthly payments of $0.5 million at each month end of July, August and September 2015. The Term Loan Facility was repaid in full on September 30, 2015. Revenues ---$36.4 million EBITDA------- $6.4 million Net income--$8.7 million Debt at end of period--------------------------------------------- $0
On June 30, 2011, the Company refinanced its debt and entered into a $48 million The Term Loan Facility required quarterly principal payments of $2.4 million through June 2015 and monthly payments of $0.5 million at each month end of July, August and September 2015. The Term Loan Facility was repaid in full on September 30, 2015. Revenues ---$36.4 million EBITDA------- $6.4 million Net income--$8.7 million Debt at end of period--------------------------------------------- $0
On June 30, 2011, the Company refinanced its debt and entered into a $48 million The Term Loan Facility required quarterly principal payments of $2.4 million through June 2015 and monthly payments of $0.5 million at each month end of July, August and September 2015. The Term Loan Facility was repaid in full on September 30, 2015. Revenues ---$36.4 million EBITDA------- $6.4 million Net income--$8.7 million Debt at end of period--------------------------------------------- $0
http://goo.gl/xjWDYz October 13, 2015 (San Antonio, TX) – BSG Wireless, a subsidiary of Billing Services Group Limited (‘BSG’), today announced that Deutsche Telekom (‘DT’) has chosen BSG’s Wi-Fi Find and Connect Service and Boingo’s global WiFi Network as main components for DTs new product “Business Wi-Fi”. http://goo.gl/WnnvZe Boingo's award-winning Wi-Fi service gets you connected at over 1 million hotspots worldwide http://goo.gl/qSpPKp Boingo's Revenue: 119.3 million USD (2014) Deutsche Telekom AG is a German telecommunications company Stock price: DTE (ETR) €15.60 -0.03 (-0.22%) 15 Aug, 17:35 CEST - Disclaimer Revenue: 60.13 billion EUR (2013)
July 20, 2016 (San Antonio, TX, US and Aldermaston, United Kingdom) BSG Wireless, a subsidiary of Billing Services Group Limited (‘BSG’), today announced a strategic partnership with Lemon Advisors UK Ltd. (‘Lemon’), a leading technology consultancy to assist and strengthen business development activities in emerging markets. Lemon, with offices in the UK and India, have an impressive network of customers across 38 countries. Commenting on the announcement, Richard Scott, CEO of BSG Wireless, said “We are delighted to strengthen our activities in emerging markets, both technically and geographically, and look forward to Lemon adding significant value to not only our own but our prospective customers’ businesses.” http://goo.gl/qvI83Q Lemon network http://goo.gl/w5MGUZ
The odd thing about JG email is that he referred to the Recordati presentation as likely being based on old numbers and yet it is more recent than the numbers pitched by Recordati to secure the licence back in 2014. It would appear that R have downgraded their original forecasts, perhaps the original were inflated to secure the licence which is not all bad as it shows how keen R were to get the licence- we don't know if there was competition for it. I am take comfort in Bignose's comments, particularly as he is the only one of us to actually have sat down with JG. Can someone let SG know that RP is not without value because it has no income - investments have value?
future prospect here...
Today's RNS all sounded fairly positive to me. Difficult to price this share and it also seems to be still completely off the radar. Possible dividend again later this year?
Commenting on the results, Pat Heneghan, Non-Executive Chairman, said: "2015 was another year of success. The repayment of all debt and ongoing resolution of certain litigation-related liabilities has allowed us to focus more attention on operations and strategy as we accelerate our revenue stream diversification from a niche service provider for the U.S. landline sector to an international service provider for wireless market applications."