Member Info for ftseexplorer

Plenty of reasons why this share is not more fairly valued but mine remains that the city don't understand this company and what it is trying to achieve.

I'm not a believer but am a holder as the yield is OK and so something will happen....eventually.

At least they are no longer watering down my % to line staff pockets as that did grate

Https://www.ptinews.com/story/business/british-it-firm-computacenter-opens-new-office-in-bengaluru/1527714

Another example of CCC just getting on with the day job without any melodrama or hype - great to see India is progressing quietly. Could it get further investment in the future? I hope so.

Concerning rhetoric surrounds the merger.

The U.K. market just seems to be anti growth in so many ways - it’s no wonder companies are exiting London.

I could quite imagine VOD throwing in the towel with the market or succumbing to a lowball offer if this merger fails.

Https://www.premiumtimesng.com/business/business-news/679168-bid-by-british-shareholder-to-acquire-pz-cussons-nigeria-falls-apart.html

Short termism at its worst. I guess there's been a good lift in share price off the back of a potential capital return and this drop reflects impatience as there was nothing in that report to be overly concerned about. Tough comparatives is nothing new for CCC.

Personally, I'd prefer to see them use some of the cash to expand geographic footprint anyway.

Strong results and a fabulous run by this company so I guess a little correction was to be expected.

I'm no expert in shorting but the Marshall Wace exposure can't have been good for them?!

Yesterday I considered taking a 139% gain before tax year end but this looks to have amazing cash in the next 12-18 months so expect more share buy backs and dividend increases. Am I being too greedy?!

Not easy reading. I know the shares are tightly held by PZ family but I'm a little surprised this company has never attracted interest from Unilever or a PG type

The article didn't say the platform was valued at £15.5bn! More likely it has £15.5bn under management.

Pre close statement due any day. This win should build us up nicely in the run up https://www.gov.uk/government/news/digital-defence-transformation-boosted-by-150-million-uk-contract

Humour me Blinkered......tell me specifically why BEG share price is not reflecting its fundamentals!

Otherwise, it'll just confirm you as another keyboard warrior, all chat no substance.

At least I'm prepared to make some suggestions - always to encourage constructive debate....but appreciate intelects & motives may vary on these boards.

* Fat fingers-I meant 2 year lows before that becomes the next red rag.

Chelsea,

What’s clear is with every post you are very personal in your attack to anyone that even vaguely questions the BEG strategy. Some even might say you are a ramper but you certainly like to control the subtext on the board. You have a habit of seeking to rile people as you continually use out of context comments in each post. You drove one valid poster away but as long as I am invested in BEG I’m here to stay.

To say that AIM is under performing on average may be true but it tends to be young, higher growth companies in developing markets with above average debt in a high interest environment. If BEG share price can’t perform with 13% TO growth as principally an administrator when administrations are increasing - tell me, why do you think this is near 3 year lows?!

Much heralded re-rate in share price by Blinkered - errr nope!

Jerry - I've given up trying to understand their re-work of the real drop in statutory profit to polish the numbers - no doubt BEG are experts in "number-smithing", which incidentally is nothing compared to the ability of a certain poster on this board to turn something you say into something else ;-)

Chelsea11 (aka Blinkered), Yawn. Sorry to disappoint you but I'm still here and still critical of elements of BEG strategy. The whole point of a discussion board is for users to voice opinion but you seem hell bent on preaching one mindset.

For the record, I have never said "little growth" but I have said that if BEG stuck to their core strengths of insolvencies we might see better sales and profitability. I am not an advocate of expensive acquisitions of surveyors with a narrow moat when it could be done organically for way less.

The city once again has spoken with a 5% decline in share price on an otherwise flat market today.

FRP last week said it expects to report revenue for the first half of 2024 of £58.7m, up 19% on the prior year (H1 2023: £49.4m), and underlying adjusted EBITDA of £15.5m, up 34% on the prior year (H1 2023: £11.6m).

Compare and contrast - I rest my case.

No one wants this to rebound more than me as I've £50k at an average of over £1.

But some of the ramping going on here is nothing short of wishful thinking. I mean no disrespect to any of you - if anything I urge caution.

Not much coming out of the company makes much sense to me except a mid term goal of achieving £1billion reserves and an annual $40million of fee income equating to about $0.10 per share. There is a muted $140-180m of surplus capital that MAY be able to be released over 5 years which would be worth abou $0.40 per share but the CEO and CFO are so convinced by the possibility that they will be off like a shot the moment accredited is sold.

There's too much strong arming going one here.

Traa - agree with your sentiment but the fly in the ointment for me and no doubt is one reason for the drop in shares is that in the YE statement they also said "Revenue for FY24 expected to be in line with FY23, due to near term political and macro environment challenges."

This clearly does not marry up with the order backlog unless they foresee further push back on start dates.

That’s how I see it also Thunder. I am seriously underwater on this but all I am watching is that the major shareholders haven’t sold out! Why?! Will they vote against the sale I wonder?

No. They are selling the accredited side of the business (which makes the money). It will leave the legacy business (which currently doesnt)! That will still be listed.

If it does go through it looks like there will be further dilution through a fund raise to cover the other 50% of losses! https://www.theinsurer.com/analysis/rq-sells-the-accredited-crown-jewels-but-proceeds-represent-only-half-of-debt/

I think the Directors have been very underhand - nowhere do recent trading statements read that the remaining business will be so underfunded/indebted!

https://www.insuranceinsider.com/article/2ccw4qcn92y5wnw5di2v5/industry-wide/r-q-shares-down-31-as-accredited-sale-details-show-further-legacy-losses-expected

I keep looking for institutional sales but so far there haven't been any reported so far. They are all in for a big loss - Slaters have just shy of 12% holding and bought in on an average of upwards of £1.05. I would be most surprised if the shareholders vote it through - what's left after the crown jewel sale isn't currently worth much.