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Hi All,
Just a couple of thoughts before d-day.
Cast your mind back to the reason you’re here. The talk at the time of the announcement of Craven and the quashing of the delist last Summer was all about the rare opportunity with this cash shell. Shells are a dying breed. This was the cheapest, and smallest share base on the market at the time.
David might well let it go on Wednesday but will never see an opportunity like this again so I wonder..
Looking at Bodycare, there are no accounts available but a reasonable comparison would be REVB.LSE in the same sector, an 87m mcap, six time as many shares, 28p each. Now of xourse there will be huge differences in terms of assets and liabilities, but a recent article showed that they made a small loss last year but predict a lot of growth in 2024.
All the doom and gloom around the London Markets in the press right now foreshadows a turning point imo. The news is always 6 months or more behind the Eliot curve. I would suggest this s a perfect time for Bodycare to enter the fray. Growth is firmly on the agenda of all incumbents for elections’ sake.
So I am quietly hopeful. And enjoying the detective PAS’ investigative thriller in the post below. Not sure how I will respond if this goes live but I’m in a position to slice in the short term and still have plenty for the longer term. I reckon, if it happens, there will be higher highs some days or weeks down the line - shops opening, (maybe one or two of the old Body shops). Then the online combination/integrarion also in the pipe. In short, NEWS and raising their profile in Southern UK.
Anyone invested in REVB here? All thoughts on the above welcome.
GLA.
While we are concerned about the immediate future and whether we get any of our money back
McKinsey report on beauty sector - for long-term investors lol.
Sort of thing David Craven might have glanced over.
https://www.mckinsey.com/industries/retail/our-insights/the-beauty-market-in-2023-a-special-state-of-fashion-report
Factor in also the likelihood of a placement / fund raise.
Will these be available to buy for existing shareholders I wonder? Or just insti’s ?
Could be 3 or 4 RNS’s at once. Lots to think about in a short space of time - if it happens.
avg PE for sector 15 - 19. Some big outliers. What might be the PE for Bodycare?
Couldn’t find any useful accounts on-line - anyone with info on turnover 2022/3?
Financial statements of G.R. & M.M. BLACKLEDGE PLC
According to G.R. & M.M. BLACKLEDGE PLC latest financial report submitted on 2022-01-01, the company has a Turnover of £119M, Gross-Profit of £40M while the Cash is £6M. Compared with the previous year, the company reported a Turnover increase of 33.32%, which is an equivalent of -39575295. At the same time, the Gross-Profit went up by 34.14%, or by -13518675.
Year:
2022
2021
2020
2019
2018
Consolidated A/cs
For more information you can
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Turnover 2022
£ 118.8 million
Consolidated A/cs
I agree they will want to do an equity raise but not before the herd have arrived and pushed the mcap up to £2m imho.
Fascinated to see how this plays out. Baaj and Zeus together is a truly formidable team. I just hope and pray that this meek and mild cash shell, ITS, is going to be at the heart of their plans.
If they announce news and an RTO is going to happen then can holders here agree NOT to go cross ramping here, there and everywhere too soon please?? Would be nice for those who have been trapped in for the last six months to load up a little first… not much to ask is it?
I agree Roger the first day/ second the die hard need to take an extra position. I will take more definitely. And hold tight my current holding .
The problem is it does take 2 days to get it back on all platforms so normally it would take 3/5 days till the 100s come over .
What excite me a little is, bodycare has left the nest of 2 elderly owners in there mid 70's into the arms of hungry, profitable, and ambitiousness entrepreneurs who have the ability to turn this into a very profitable plc,
with the guide and help of the 2 new directors and zeus.
would not be surprised if craven and co took a large holding in this on relisting,
also remember,
frisby and others still hold 28% ish of itsarm,on this site alone , as i read it, theres another 7/8% with in 4 holders, as what we know,so theres 35% between half a dozen people.
the point im makeing ,theres very little free float of the 56 mill of ltsarm,pending on allocated added stock for the rto if ( body care) the s/p should fly out of the stocks, and rise fast,
gla
profit to the brave.
rags or riches is not to soon.
Also very interesting and uplifting read warren,
gla