The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen 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.
Can anyone please shed some light on this company, are they still trading? Or are they a done deal?
NEWS RELEASE For Immediate Release Billing Services Group Limited ('BSG' or the 'Company') FTC Action (March 29, 2012) San Antonio, Texas - BSG, an approximately 70-employee billing clearinghouse for the telecommunications industry, merchants and online stores, announced today that the Federal Trade Commission (the "FTC") has initiated an action in federal court in San Antonio accusing the Company and its subsidiaries of violating the terms of a 1999 settlement with the FTC relating to the Company's billing for enhanced service offerings provided by third-party vendors. The settlement is described in Avery Communications' Form 10-KSB filed with the SEC in 2001. "We are extremely disappointed by the allegations made by the FTC," said BSG's Chief Executive Officer Greg Carter. "We have devoted substantial resources to quality control in billing operations to comply with both the spirit and the letter of the settlement with the FTC as well as the requirements of local phone companies. We believe that our operations fully comply with the terms of the settlement." The FTC complaint relates to nine enhanced service products provided to consumers by third-party vendors during the period from 2006 to 2010 for which BSG provided billing services. The FTC seeks an order to show cause why the Company and the named subsidiaries should not be held in civil contempt and ordered to pay a sanction of $52.6 million, which amount is based on the net amount charged by third-party service providers to consumers for the nine enhanced service products. The Company believes that the FTC's action is without merit, legally and factually, and it intends to vigorously defend itself in this matter.
Billing Services Group Limited ('BSG' or the 'Company') Audited Accounts (April 2, 2012) San Antonio, Texas - Further to the announcement of the Company's results for the year ended December 31, 2011 made on March 27, 2012, a copy of the audited accounts can now be accessed at http://www.bsgclearing.com/investors/annual_reports_financial_statements/.
http://www.investegate.co.uk/Article.aspx?id=201204020700205657A
do you know anything about an alleged fr**d (or rumour) being investigated as seen on another bb but no details given (and therefore cannot be given any validity or credability?
San Antonio, Texas - Billing Services Group Limited, a billing clearinghouse for the telecommunications industry, merchants and online stores, announces that it has received notice that AT&T will cease billing for enhanced services effective August 27, 2012.
BSG, a leading provider of clearing, settlement, payment and financial risk management solutions to the telecommunications industry, merchants and online stores, announces the repayment of $3.2 million of its senior debt made today. This amount includes a $2.4 million scheduled payment and a $0.8 million payment made in respect of excess cash flow as defined in the Company's credit agreement. Accordingly, at the close of business today, total outstanding senior debt was $32.8 million.
We will be back at 6-8p
at 3.15p
Sure did, but the price cannot keep dropping, we will be at 0.00 soon
How much more??
Any lower???
Must be a bounce back before long.
See if we get a bounce back
With the reducing balance of its senior debt this leading provider of clearing, settlement, payment and financial risk management solutions to the telecommunications industry, merchants and online stores, announces the payment of $3.6 million of its senior debt made on December 30, 2011. This amount included a $2.4 million mandatory prepayment and a $1.2 million voluntary prepayment. Accordingly, at the close of business on December 30, 2011, total outstanding senior debt was $36.0 million. This balance reflects cumulative payments of $24.8 million since January 1, 2011, when the Company's outstanding balance totaled $60.8 million. Interest payment reduction will improve bottom line profitability and strenghten up the Balance Sheet.
FRANKS IS INNOCENT
FRANKS IS GOD
Commenting on the results, Greg Carter, Chief Executive Officer, said: "Our first half results were in line with expectations. We experienced a significant reduction in transaction volume for enhanced service offerings and related customer service activities. This reduction has translated into lower revenues and EBITDA. Our business continues to be negatively affected by uncertainty related to enhanced service offerings, as we've described previously, as well as the secular decline in traditional U.S. land line usage. As a result, we are focused on expanding BSG's other service offerings, and increasing operational efficiency, cash flow and debt reduction."
Current Trading · Year-to-date results are in line with expectations · Second half revenues and earnings are expected to be modestly lower than first half results
http://www.investegate.co.uk/Article.aspx?id=201109120700179863N
Yes this is one to hold through the doldrums. Billing Services Group (BILL), the provider of clearing, settlement and financial risk management tools, announced the repayment of 2 million dollars (1.23 million pounds) of senior debt, reducing its outstanding amount to 44 million dollars (27.1 million pounds). The story follows a similar announcement in August in which the group also reduced its debt balance, and was enough to send shares added 0.625p to 7.5p.
Happy to hold and buy at these levels as am sure the reward will be worth it.
They have a very busy year ahead of them http://www.bsgclearing.com/news_press/trade_shows/ Could be a good flow of news over the next few months
100K available
Seems they are coming once a month. I can handle a 1p rise per month ;-)