Member Info for horace678

It could be a case of "pump and dump", even by a big institution that has a few 10's of £1000's to play with. The situation is magnified by the fact that when a couple of buys are made, people see the price has gone up by 10% and promptly buy more shares. A mini bubble. Later in the day, the original buyers can sell their shares, making a profit. I've no idea who is behind the initial buying spree or whether the price surge is accidental or deliberate.

Has anyone noticed how this share was last traded at 13:16 (over two hours ago) and the graph hasn't been updated on this website since about 11:30 am?

Another rollercoaster - who's to know the SP won't drop this afternoon back to 25p - a repeat of what happened last week?

Profit taking.

My guess is that it's the guys at BCB buying up shares to push the price up to more realistic levels. I recall something like the reverse happening when Ashcroft merged CSG with Carlisle Holdings in May 2008. A bit beforehand, there was the offloading of shares in small quantities over the course of a few days which pushed the price of CSG down from 9p to 2p so Ashcroft could then put in a bid at 2p. This buying/selling in dribs and drabs could be one of his tactics.

Yes, the assets of the demerged BCB as it now stands would mean each share would be worth about 80p, so the shares are indeed undervalued, and a rise has been in the offing for a long time.

Wonder if it's BCB buying back its own shares. Or could be that a private investor bought a few and it's created a stampede as any buy seems to push the price up.

The indication of whether it's a sell or buy isn't always accurate.

When you think about it, if the price goes up 30% on the back of half a dozen buys, if more buys were to occur from someone with deep pockets, the price could hit 50p before long without too much difficulty.

I think BCB will almost definitely be sold off in the end, probably to one of the big American banks like Bank of America etc. Remember, Ashcroft bought Belize Bank from Roayl Bank of Canada in 1987. As for an approach, it's more likely that Ashcroft will sell off when he's ready. After all, he owns 74-odd% of the shares, so any sell-off would be on his terms only.

Also, notice how one of the directors (Mr Gaze) bought 30,000 on 23 Nov - can only be a good sign.

I noticed someone bought 30,000 on Friday. Also, there have been 4 deals this afternoon. Not necessarily Lord A up to anything. Whatever the case, the shares are typically undervalued and in the long run these shares have to go up.

Yes, if you had 1000 shares in BCB, then you continue to hold your 1000 shares in BCB and are issued with a further 1000 shares in WIHL. These shares are unlisted, but a market is being made by JPJenkins - see their website for more details. I'm not sure if the WIHL shares will get put onto an exchange. Possibly Ashcroft (who owns about 74%) will buy up the remaining shares, who knows. I'm not sure where you get the idea of bartering from. Your current broker for BCB shares should be able to buy/sell the WIHL shares for you.

Is anyone going to the GM at Allen & Overy at 8:30 am tomorrow (Thursday 26 October) ?

http://moneyextra.uk-wire.com/Article.aspx?id=201110241422187251Q

I have seen the circular now.

IMO, sooner or later it will be sell-off time with IPEL, and likely at a premium to the current share price.

Cutting costs at IPEL: http://www.mirror.co.uk/news/top-stories/2011/10/21/lord-ashcroft-slated-as-west-coast-main-line-cleaners-vote-to-strike-over-poverty-pay-115875-23503380/

Has anyone seen the circular that is being sent out to shareholders?

I have a feeling that the restructuring at IPEL is pretty much over and IPEL could be subject to a sell-off soon. I think this because Cheryl Jones (chairman of IPEL) is being appointed to be chairman of BCB next week, which would indicate that her work at IPEL is done and she is moving onto new pastures.