Member Info for Bullfreg

If the share was worth the asset value then that would be about -£50m. That's how much they still owe Barclays once the last properties have sold. Once the properties have sold this goes into administration hence it being a dog - no value whatsoever.

Saying strong sell is simply opinion and it's there to be used so I might as well use it. Yes there is a tiny free float and people are going to gamble (it already looks like someone might have made 1k based on this mornings 3x 1m buys and then selling 3m at 0.17) but the majority will lose, and with a spread like this they will lose heavily. Some will listen, others won't. If I help one person (like I did in June) not lose money on such a risky gamble then I'm happy. As I've previously stated, even the BOD have stated there is no shareholder value in this stock. I'll keep popping up on here every time the pump starts because that's all it will ever be :). All IMO etc.

Don't think you're missing anything. Either someone/people have just put money in here due to the tiny MCap without bothering to research or people are pumping it to cash in on mug-punters following the crowd. I stand by my comments from the last p+d, this share is a dog and if you're putting money in then be prepared to lose half or more in seconds because it is more likely than not that you'll lose it.

it's bizarre That this hasn't delisted tbh, perhaps there are rules that mean it can't... :/. The assets it does have are about £50m short of the credit facility that it currently owes therefore once the 3 properties are sold, the company folds

What do you honestly believe can be going on to raise this share price? You're absolutely delusional pal. THERE IS NO SHAREHOLDER VALUE HERE. That's from the board of directors. It's people like you that have no morals in life, you disgust me

I'm glad i prevented at least one person losing their money in this dog. I stopped getting involved on LSE 2 years ago but seeing this crop up this morning and people start getting intrigued/ramp immediately made me come on to warn. taking a punt on a company In as much sh** as this really is borderline financial suicide. I'm no financial expert and don't understand RTOs but, unless I'm mistaken, the only thing this company can do is sell off its last 3 properties, pay off what it can to Barclays and liquidate.

Some people really can't be helped. It's fools like you that lead people off a cliff. There is 0 value to shareholders in this share. That's a big fat 0 with a 0 and that's from the Board themselves. No wonder I kept away from posting on LSE for 2 years with lunatics like you posting fml

Someone actually lost 2 grand on this share today :(. All they needdd to do was see your post from May to see that there really is no value in this company. I really hope that that person has a few hundred grand to do 'punts' like that

Have fun putting your money in here guys. RNS 02/06/17: "...As at 31 March 2017 the NAV is negative 53.4 pence per share. The decrease in NAV from 31 December 2016 (negative 50.2 pence per share) is due to the combined effect of the loss incurred in the period and the loss on the sale of the Trust's property at Champs-sur-Marne... The remaining three properties (Saint Cyr L'Ecole in France; Alcalá de Guadaíra and Écija in Spain) are being actively marketed with a view to winding up the Trust's group in due course. The results of the marketing to date indicate that, although there is no certainty that transactions will take place, if they do, the prices achieved are most likely to be lower than the valuation as at 31 December 2016... As the Board has previously stated, the sales process will not result in any return to ordinary shareholders after repayment of the Trust's bank borrowings has taken place, to the extent that this is possible..."

But what type of news could possibly make this fly? As INFINTYT has mentioned, it's NAV is -50p... even if someone was prepared to RTO surely they'd have to pay off all debts as well, which no one is ever going to do.

Noisylion by all means do wtf you want lol. Why don't you read the company's RNSs before you judge me. I naively bought shares on a ramp in this company when I did some investing 2 years ago, I bought at 3p a share, in less than a week it was below 1p but thankfully I got out with most of my money in tact (had about 900 shares or so left in urgency to get out when it dropped a *******). I mean, I don't know much about RTOs but why would someone take over a company with debts racking up to about 50m, surely they don't get written off unless the company liquidates?

There's a difference between de-ramping and informing. By all means, get yourself a few grands worth of stock, if you make a profit just make sure to bank it, I just can't see it happening on a a company that has about 16m assets owing 70-odd mill :/

As per INFINITYT in May.... "Anyone thinking of a punt .. This has a negative NAV -50.2p per share. The remaining properties for sale amount to £16.8m they are tied to Barclays bank as part of repayment of a £77.4m borrowed facility with a close date of 31 Oct 2018. The 2016 figures have just been published and it is only seen as a going concern to repay some of the crippling borrowings. I will print below the closing paragraph from the recent Chairman's statement with a link. BEWARE ! BEWARE ! you have been told.. " As the Board has previously stated, the sales process will not result in any return to ordinary shareholders after repayment of the Trust’s bank borrowings, to the extent that this is possible, has taken place..." So yeah, I'll go back to the Winchester. Good luck coz you guys are gonna need it.

What's strange is that people are buying into a company that has about half the value in assets to pay its debts. I've finally logged in again because people buying into this without even looking at previous RNSs are very likely to get burned badly.

This company doesn't have the assets to pay off its debtors. Anyone putting money into this is going to get seriously burned if not careful. People hyping this to 500% are stupid.

Lowered the bid to try and mop a few shares by the looks of it, buys going for 1.48, above the ask of 1.45... Still pushing on imo, could this see 2p today? I reckon if it can break through 1.5 resistance then possible! Hard to believe this was 17p not too long ago!

Shame the sp isn't the same at the minute. With news imminent I thought there would have been a bit more interest. Hope the drilling results come good on this one. Can still see it edging up throughout the week on the anticipation of them

Am i right to think that Buchans results are back by the 9th? Does anyone know what's happening with Xteria? CAnt really see much about it but looks like Bit of a black hole in terms of an investment..?

Not sure on what the timescale for reporting is but a TR-1 form has to be submitted to declare any buy or sale of shares once an investor crosses the 3% threshold

Reassuring indeed. To go from over 100k loss to $600k profit in yoy quarters is great for an AIM company. Will be looking forward to see where this heads. Gonna try and get some research into this done on the weekend and may top up if it dips before it goes crazy.