Member Info for horace678

I don't think the SP will go very far on everyday buys and sells. I believe Ashcroft is readying the Belize Bank for a sell-off and the shareholders (including 75% holder Ashcroft) will make their profit *all in one go*

The low SP reminds me of Pascal's Wager. You had might as well hold/buy the shares as you have nothing to lose if the company proves to be a multibagger.

As you can tell, Ashcroft likes to get even with people (as with the drama of the Cameron biography). As far as Ashcroft is concerned, there is still unfinished business after The Times campaign against him in 1999 when Carlisle Holdings (ancestor to BCB) suffered an 8x SP drop amidst the bad press. A dramatic multibag by BCB would be another "I told you I was a good 'un after all" to the establishment.

It's a question of understanding Ashcroft's mindset which is to allow the shares to dwindle so that he can have the last laugh when he sells the company.

I am Horace!

I just bought some at only 5.2p.

Ouch !!! Just close your eyes to the price, and concentrate on the intrinsic value of the company (to a potential buyer)

Thought you had been a bit quiet recently. Yes, Ashcroft's new bio of Cameron has been headline news for the last two days.

http://www.dailymail.co.uk/news/article-3242550/Cameron-pig-bemused-look-face-future-PM-took-outrageous-initiation-ceremony-joining-Oxford-dining-society.html See other front-page media for similar stories

Nice little tick up in spite of all the muck raking.

While BCB is a slow burner, WIHL is a super slow burner. Once the Lord has dispensed with BCB (=Belize Bank), I think he will peel off a part of WIHL and dispense with that, and carry on peeling off till he has peeled off everything. Remember, his plan is to sell off everything (apart from Impellam) in order to give to charity. *Editor's note re award to WIHL: there are 2 Belize dollars to 1 US dollar.

Interesting news over in Belize. It looks like the payments are being made to the British Caribbean Bank (=WIHL) rather than the Belize Bank (=BCB). http://www.7newsbelize.com/sstory.php?nid=33699&frmsrch=1

Thanks, I've also been keeping an eye on Dods.

Remember, Ashcroft's holding in the company is approx. 75% and it's in his interests more than anyone else's for the SP to be substantial at some point.

I believe the low SP is cultivated by his Lordship in line with his "sail against the wind" personality. He likes people to think the company is in dire straits or "dodgy" so that when the SP shoots up (as with OneSource) he can have the last laugh. This stems back to as early as The Times campaign against him in 1999 when the predecessor company's SP (Carlisle Holdings) dropped 8x amidst the bad press, only to result in the SP shooting up again at the time of sell-off.

Nice and cheap, I say. I will be topping up soon. The SP should not put you off, it's the intrinsic value of the company at the time of selling off that matters.

Big "buy" today of 272k shares.

Philip Gaze, CFO, steps down and leaves the board. His successor is not appointed to the board. Another sign that the company is ripe for a takeover?

With a shareholders equity making each share worth around 45p anyway, the price will rocket when (as I believe) Ashcroft sells the Belize Bank (probably to the Royal Bank of Canada). The price could rocket to a surplus of 45p (eg £1 each) if the company appears to have a bright future. But first Ashcroft needs to tie up the current loose ends of litigation with the Belize govt to make the bank "clean".

Nice.