MartinRTucker
08 Apr 2016
Re: Share consolidation The principal purpose of the consolidation will be to reduce the size of the share register, allowing shareholders with uneconomic small holdings to realise their investment free of dealing charges. In addition, it will reduce the costs of servicing the register for the company. The Board is recommending a consolidation (before the below described Sub Division) which will remove shareholders whose shareholding is below 4,000 shares (less than £150 in value at current market value). Shareholders should note that Chelverton Asset Management and I have indicated a willingness to underwrite and buy these shares.
mollysboy
07 Apr 2016
Re: why is this a plc? Castleford, there appear to be 2 main reasons why this is an AIM listed Plc:1. They use it to raise funds to over pay for acquisitions which are then written off2. They pay ridiculous salaries to Hardy etc who run the business into the ground whilst living off the promises of jam tomorrow I thought new Chairman might see through this but appears I was wrong.However, now would be a good time to take this private as is has been written down to less than 40% of turnover. At least somebody else has taken the hit. Unfortunately it is us the shareholders. Mollysboy
CASTLEFORD TIGER
07 Apr 2016
why is this a plc? Why does it need shareholders?It should be taken private its far too small to be a PLC.Tiger
Another Jacko
07 Apr 2016
Re: Share consolidation I couldn't find the news anywhere that Chelverton are planning to buy out all the small shareholders but if they are then it must give some consolation to what were otherwise a pretty disappointing set of figures.After all of they're willing to spend over £500k for 11% of the company then they must see value at this price.I think i'll hang on for now.
MartinRTucker
07 Apr 2016
Re: Share consolidation It all does seem alarming, however get some comfort that the Chairman and Chelverton have offered to underwrite and buy all the small share holders out. Could it be they are planning to take the company private? £6mill goodwill write off seems huge on a small market cap but I guess this will make 2016 accounts look fantastic, so long as they keep the turnover as is or better.
may_sell
07 Apr 2016
Share consolidation And also there is the removal of all shareholders with a holding of less than 4,000 shares (approximately £2,800 at the peak share price around 1988/1989!)...
may_sell
07 Apr 2016
Regeneration time again If the proposed name change is passed at the AGM, it looks as we are going to have to refer to this company as Eadie/Belgravium/Touchstar in future. For goodness sake, I thought this kind of nonsense went out of fashion years ago - who now remembers the name Consignia for example! It doesn't bode well that the (new?) management thinks that just by changing the name again, this will turn around the company's fortunes.
may_sell
07 Apr 2016
After-tax loss of 6m Wonder what WH Ireland's target price for Belgravium is now - 1p maybe?The chickens have really come home to roost, so presumably a fire sale is the most likely outcome.
Rab Munro
14 Jan 2016
Re: New partnership/distribution agreeme... You aren't a lone voice may_sell. I've had the same view for quite some time too, and occasionally check back to see if anything has changed. For the record, they've actually been on my watch list now for 8 years, but I have never bought!I am taking slightly more interest recently because of the new chairman, but I will continue to stay on the sidelines until there is some real evidence of a change in direction.
may_sell
29 Sep 2015
Re: Belgravium adjusted pre-tax profits ... At least half of your wish has now come true lighttrader - just the CEO to go now! Perhaps Chelverton are putting some pressure on...
lighttrader
22 Sep 2015
Re: Belgravium adjusted pre-tax profits fall Oh dear in deed!The ultimate question is does Martin have the strength of will to deal with an executive board that has got so fat and tired off the back of the Kembery years. Why for example are the CEO and Finance Director still in post? They have been with the company for 15+ years I believe and appear to have completely failed in building any value for shareholders? Surely the time has come for a change at the top?
may_sell
21 Sep 2015
Belgravium adjusted pre-tax profits fall Oh dear!At least Ian Martin is saying what some of us have been saying for years:"My initial feeling is that Belgravium's structure is overly complex and disparate and that its strategy requires greater coherence."Let's hope that he can change the culture quickly enough and cut out the dead wood soon. A private company can be run mainly for the benefit of its staff, as Belgravium has been up to now, but not as a PLC.
lighttrader
24 Aug 2015
Re: New partnership/distribution agreeme... I am still holding may_sell but now see this stock as a longer term investment. Belgravium is an interesting business and Ian Martin, the new executive chairman, has a reasonable track record in turn arounds. If he deals with the senior management then the company will move for forward. If not then it will continue to flounder and decline. The company needs fresh blood, a new CEO and an ambition to spend it's retained cash on developing new products and services not buying turnover at a premium through non core acquisitions. As investors we deserve a clear and concise statement on where it plans to go in the next 3- 5 years, not the usual waffle and claptrap it has spewed out to the city over the last decade.
may_sell
19 Aug 2015
Re: New partnership/distribution agreeme... I've been ploughing a lonely furrow with this line lighttrader - so very much appreciate your contribution to the argument. Share price heading ominously to below 4p again, let alone 3p...
lighttrader
17 Aug 2015
Re: New partnership/distribution agreement Sounds like yet another smoke and mirrors press release. In essence it's just another software supplier willing to use Touchstar's rapidly ageing hardware. The press release makes no mention of exclusivity or commercial commitment from either party. If Belgravium is to grow its business substantially it needs to invest in designing and delivering a complete system for its customers with built in annuity. Unfortunately that will never happen with a management team that has done the same thing year in year for the last 20 years. The new chairman needs to clear out the rot left by Kembery.
