Member Info for Davius

The SP depends on what happens to the offer to buy the portfolio. The offer lapses on the 31st May, but although you should expect an agreement to buy the properties by then it doesn't necessarily follow that they'd relist the same day. They might decide to remain suspended until the deal is complete and funding handed over. My guess was they'd probably double, but others have speculated that they'd go as high as 10p. Those peeps are off playing with the fairies right now. Failure to complete the deal would be bad news, although no matter your opinion of the guys running IHGP they couldn't be so incompetant to let this one slip by them. I have concerns about the general idea behind the company though. It's effectively turned itself into an up market estate agency. Plenty of money in that of course, but their web site makes an aweful lot of noise about the sales at well under valuation. See the posting from ShareTonic below under 'SOLD', 16 flats valued at £2.08m and sold for £1.76m. Well great news for the buyer, but would you ask this company to sell your property at below market valuation?

Hmm, well 96p does not seem much of a pledge to red nose day. With the results for SEO and an expected updated for ULT out next week, I've decided to let it run and add each daily gain to come to a more respectable figure at the end of next week.

Oh for a little hindsight. SP up 110% today on the announcement of a contract to supply commercial gas meters. It seems clear that the news leaked resulting in the spike last week. But HUGE profits for anyone that held at the end of Feb, their investment has more than trebled in 2 weeks.

Currently my pledge is standing at £2.60 (!) on the back of TAN and FEP doing OK. Most other stuff is red but not by much. Sorry for anyone still in BFC today, now 10-10.5p. I would expect a rebound of sorts to happen somewhere near this level though.

Posting here as this is the top share chat at present: It's red nose day. If my portfolio increases today I'll give 1% of any rise to Comic Relief. Anyone else pledge the same?

The do seem to be underpriced, but are a very thinly traded share. Forecast is for profits of about £3m, but falling next year. Current PE would be under 2.5. I think the low rating is probably related to the margin. For example, PRTY make 20-30% profit on their turnover. Last year LNG made £1m on a turnover of £151m,a margin of 0.66%. Prelims due next week I believe, although the 5% spread might put some punters off.

I'd agree, BFC very unlikely to collapse, besides the banks have too much invested already. The problem is identifying fair value as if they do have to make a debt for equity swap for say £25m then current shareholders will end up with just a sixth of the company. We're back down to 11p this morning, which is what the brokers said was a reasonable valuation earlier in the week, and currently 10th in the top fallers today. 10-11p does seem to be a support level though, I doubt it will fall below 10p but you can never be sure exactly where the bottom is (unless you look over your shoulder in the mirror of course)

Nope, it sounded like a new startup and I'm fairly sure that they mentioned the production of bio fuel for adding to both petrol and diesel. Guess you'll all have to wait until tomorrow, when you can view todays working lunch on line at www.bbc.co.uk/workinglunch and click on the WatchAgain logo on the right hand side.

Working lunch just ran an article on biofuels, a new company is investing £250m in a plant on Teeside which should supply a third of Britains needs by 2009. This doesn't look so good for a minnow like BFC unfortunately.

The Times makes a mention of the 2p recovery yesterday, but states a broker advising BFC is worth only 11p per share as a debt to equity swap is all but inevitable. I can't see backers leaving them high and dry and the company going to the wall, it's too high profile, but any kind of decent recovery could take a while. Market up 93 points so many stocks, including BFC, marked up on thin or no trade. Just two buys this morning yet the shares now trade at 13-14p.

I should have kept a close eye on it this morning, but by the time I checked it had already climbed above 12p. There was certainly the opportunity for a good day trade but timing was everything. As I mentioned under SEO a minute ago, the US market recovered well so hopefully the FTSE should open higher as the fall was overdone, closing at dead on 6000. It might provide a bit more of a recovery for longer term holders, or a bit more profit for the punters in earlier this week. Pity I'm not one of them, but you can't win them all and I've overextended a bit.

Down and still falling. If the spread narrows it might tempt me back in. Fortunate with that call of 530p being the bail price, although of course it wasn't possible to forsee the market fall, now down 147 points...

Would that be... Buy, buy buy? Or Bye, bye, bye? Huge support today, my screen is showing 7m buys against 1.8m sells. Good rise from the opening level, still anyones guess where they will go short term.

Er, I don't think you have been keeping up with it debbie, those in yesterday said they'd bought between 12.75p and 13.4p. The current bid is 12.75p so your're a bit wide of the mark I'm afraid. I'd say well done to anyone that bought at 11p early this morning, glue has averaged down to below 12p so showing a small profit after costs already, likewise themoneyman. A hefty fall as this share sustained can be a profitable affair, it will invariably bounce, over recover and then settle at what the market perceives as a sensible level. Some reasonable buying today so it could have a bit further to go, but I think we're unlikely to see 15p for a while.

The suggestion in the press is that they'll require up to £25m in total, not in addition to the £10m previously announced, and that this will be funded by debt rather than a placing. That is better news as it won't mean the dilution which would happen were a placing the preferred option. However, the need for the extra cash is caused by the increasing costs of raw materials and the lower price received for biodiesel, which is linked to the price of oil. This means the BFC are turning down contracts which would result in an unsustainably low margin. Although sensible (they can't survive if they make a loss on every litre sold) it does mean that production facilities are standing idle, they will be running at possibly as low as 25% capacity. Future legislation will mean that garage forecourts have to offer biodiesel which is good news for companies like BFC. However, if they are unable to make a profit from what they produce now then prospect don't look particularly encouraging. As production increases, raw materials become scarcer and therefore more expensive through increased demand and the margins are even tighter. With such a low market capitalisation there must be limited downside though, and even as I've been typing the share price has recovered substantially from its opening level. And if there's even a hint that BFC could not survive as an independant there must be a strong likelihood that one of the major oil companies would consider buying them up.

I think, joking aside, you'd be unlucky to see much of a drop below perhaps 10p, but sells have been catching up with buys and now the difference is only a couple of hundred thousand shares today. 11.25-12p is the current quote, I doubt they'd have much further to fall before bottoming out. It's all down to market forces now though, the bad news is out, it's a battle between investors and market makers whether the fall has been overdone.

The sell software systems to the investment banking sector, they make money (25% margin on turnover) and pay a dividend (yield about 1%). P/E is 24. The share price has run ahead somewhat though, on an update suggesting full year results due in May will come in ahead of expectations. Probably a steady performer, not likely to set the world alight unless it becomes a bid target from one of the larger software companies.

Have to disagree with you there I'm afraid. I'd agree that it has been the subject of rumours for a long time, but at no point since 2004 (as far as I've checked back) has Pipex ever announced talks in respect of a bid for the company. I think since the recent announcement there is a small premium in the share price, but this has not been long standing. The current SP puts them on a projected 2008 P/E of around 15, perhaps a tad high given the slow progress towards profitability to date, but reasonably priced before yesterdays rise.

I think that this is a risky play. They already said they'd need £10m in April and now need another £16m to £25m to keep going. The market cap is £6.69m at 13.5p, if they needed the full £35m that would dilute existing shares to about a sixth of the company. They lost £72m last year, although the interims show a big improvement to a loss of £8m in the six months to 14th December (odd date). Forecast is for profit by 2009, but that could be put back a year with the latest news. A brave punt, might make it back up to 16p perhaps, but 10p is also possible. I certainly wouldn't look to invest long term with the current risks.

As the results were no surprise there's little to offer the shares in the short term. No new exploration updates and no sales as yet, so a loss equivalent to the admin expenses. It's a thinly traded share hence a few sells can cause the market makers to move the share price. They have only dropped the offer by 0.05p but to discourage selling have dropped the bid by 0.1p and opened up the spread to 0.15p, hence the appearance of a significant fall today, and placing BLR in the 30 biggest fallers. A wide spread is nothing to be overly concerned about unless you need to sell at the time of course. I have a similar situation today in ULT, offer down 0.01p but bid down 0.05p and a very wide spread. I'd be a little concerned with the balance sheet though, Cash and Debtors of £203K, Creditors of £569K, only the intangibles of £5.2m is keeping them at a positive net asset value. I suspect they'll need more fund raising very soon to keep them going for another year, probably via another placing which will dilute existing holders.