Member Info for badeli

The problem for PIs is that we have no option other than to wait for the RNS without clear understanding of the timescale. This is the closing day for bids and we could have had an RNS this morning if agreements had been signed off early but we haven't and that is just the way it is. Although I am very confident in the outcome there are natural nerves as well and speculation is a good way to try to convince ourselves that everything is fine. Personally I am confident that it is and the share price movement of the last couple of days is in my view irrelevant to the big picture. I believed in the outcome last week and so there is no reason not to believe in it today. I could have been in or out and I am in for the end game! Y

Just been offered 5.91 as a dummy trade for 100,000 shares so perhaps the MMs dropped the price over the past two days to try to build up their stock prior to the RNS.

Yes, CF73, it is perhaps worth quoting from two of the 2017 RNS announcements: 26:05 NCCL announced, following their decision to jettison SEP, that they planned to work with 'additional strategic partners who have expressed an unsolicited interest in developing the project alongside NCCL'. 20:10 NCCL confirmed that GE and CMEC had agreed to 'enter into exclusive negotiations to develop, construct and operate the integrated 300MW coal-fired power project and open pit coal mine in Tete, Mozambique'. The period of exclusivity lasts until the end of April 2018 and, the more I have read about the scale of GE and CMEC's partnership developing power projects across Africa, the more confident I am that they see NCCL's project as one that are very, very keen to take forward either in partnership with NCCL or by buying them out. I am not surprised in retrospect that the planned partnership with SEP was jettisoned!

We always seem to come down to the wire with the timing of RNSs by NCCL but they eventually appear on time. The only concern I always have is the potential for delay which in itself is not an issue other than it leads to a temporary fall in the share price. The project speaks for itself and NCCL are sitting on a potential gold mine, albeit it is not gold that is being mined! I do understand why there has been some selling today as the end of February approaches quickly - I am not surprised some investors have decided to take their 20% or whatever just to lock on their profit but for me it is all about the end game and I am as confident of a positive RNS by Wednesday as I have been since GE approached NCCL. Nothing has changed in my view and Hanno's most recent comments reassured me. Of course I may be wrong as there is, we are told, nothing certain in life except death and taxes (except in Dubai!) but in the end the reward for me considerably outweighs the risks.

I guessed that, Laxeymouth, but sometimes the market gets it as we would hope and perhaps your tongue in cheek guesstimate will turn out to be one of those occasions! NCCL is certainly considerably undervalued for many reasons including the fact that it is primed and ready to go, virtually all permissions are in place, all assessments completed, the wind of change when it comes to increasing power generation in Mozambique is blowing hard, more sophisticated (and cheaper) methods of production are being added to an already outstanding mine and power station project etc etc. It all seems so obvious to us and it would be brilliant if the market were to agree!

I am just as positive as others on this board and have a comparatively large stake but I am not quite as optimistic about any price rise after the RNS. I just hope that you are all right and that there is a full rerate to 15 to 20p but personally I am looking for the previous high of about 11p at the moment and see anything above that as a fantastic bonus. To me the real value will be reflected when the JDA is signed, sealed and delivered before the end of July. whatever the effect of the RNS the next few months should be really rewarding for all investors.

Very happy that nothing has happened since Monday's second consecutive up day - we have not drifted back which to me is a quiet endorsement of our collective view that we are on the cusp of something special. Now hoping for our reasonably regular Friday pre-news rise and the fact that we are expecting an RNS by Wednesday of next week is perhaps another reason for a good Friday. Like all the other regular posters I am very happy with my position.

Agreed, very positive! Good to hear from you again, I was slightly concerned at your absence for the past couple of weeks!

Welcome to a quiet board populated in the main by long-term investors. I, like many others, am confident in the management and in the strategy and I sense an excellent and profitable company in the making. The first acquisitions are all first-class companies and Kameleon in particular is very interesting.

Decided to buy another 63385 shares this morning at 3.93 as I am inclined to believe that the current stability is very positive. The 2016 spike was 'exciting' but was a typical PI mad scramble after BHRD was suddenly touted everywhere as the next big thing. The MMs made their money, lots of PIs got burnt and the price returned to something approaching true value given the embryonic nature of the company at the time. Progress since then has been much more sustainable but the herd has not returned ye although I imagine it will once word gets out that the company is generating cash and continuing to acquire complementary agencies. We shall see.

I am looking for a smooth move up through 4p soon but as is often the case there may be sellers in the wings whose sell orders will be triggered at at what is sometimes a psychological barrier. On the other hand perhaps BHRD is not 'popular' enough among the PI trading fraternity for this to be an issue and we might continue the gradual rise and be well above 4p before the next acquisition is announced or before we receive news of an increasingly positive cashflow. Anyone have Level 2 who can see what is on the book?

Thanks, Jayfella, a good find - Gresham seem to be investing for the medium and long-term. Interested in their comment about anecdotal evidence of positive cash flow - I do see this year as the one in which the true value of the quality of the management and the clarity of their growth strategy will be reflected in the share price. The last couple of weeks have reinforced my confidence - nothing dramatic, just good under the radar progress.

Just thinking the same!

I was just thinking the same - the trading patter has been different in recent days and what I find most interesting is that the usual pattern of an increase in the shareprice usually followed by a gradual slide back. This time that has not happened and instead the price has continued to move up, albeit almost imperceptibly at times. Could become interesting.

I like the comment by Peter Scott that the reason for the change is to allow him to focus on finding more high-quality partners. Slowly, slowly....

Any idea why there are so many small buys this morning? Are they new PIs who have been monitoring? Or current PIs topping up although the amounts seem a bit small for that? Or people who have just come across BHRD? Or have some group somewhere heard something about the next partner Peter said he was looking for? All very interesting and I for one don't have any idea what has sparked the surge in interest although it is great to see.

Unusual pattern of buys today - wonder if anything is about to happen? In any case good to know that there are buyers out there.

All the best, Jayfella72, for a healthy and prosperous 2017 with BHRD - continuing positive progress will suit me fine as the new group takes shape and the bottom line begins to reflect the quality of the complementary agencies. All the best also to all the silent readers of this board who are either investors in BHRD or still considering their options.

Today was a very good one for BHRD. A positive RNS and a quietly positive response. No 'fill your boots' posters, no one claiming 10p by Christmas! I am a confident holder and I am happy with progress.

Thank you, Jayfella72, for going to the trouble to highlight the positive nature of this morning's RNS on the board. Hopefully this will rekindle interest in a very promising company which is clearly making progress on the journey which Peter Scott set out when the company was launched. Good little tick up this morning too.