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Thanks FK.... thought I might seek out an opinion before taking the plunge here.
hi ToS. The explanation is all in the RNS's. Unless you knew them personally you couldn't tell any secondary motive. But if they deliberately misled in an RNS they would be open to prosecution for fraud through misrepresentation. The Directors have repurchased most if not all the shares anyway. Nothing to see here IMO.
Hi... I’ve been doing a bit of research here, with a view to investing. I like what I see, and believe from what I’ve uncovered there’s plenty of scope for future growth, and potential SP rises to come here. One small concern I have though, and I’m hoping one of the posters or someone who has held for a while here can put my mind at ease.... there has been some fairly regular, and chunky, director sells. (To be fair, there also some fairly regular purchases as well). Anyone else noticed this, and has any rationale, other than the ubiquitous “tax reasons” been behind it? Thanks in advance.
Do you think bilby is a take over target , I have a feeling its is.
They couldn;t hold it any longer. Interestingly the SP has gone past 40p and moved to 43p on the ask. There must be a large buyer out there for such a jump. Very happy to accumulate here having been a buyer since 18p. BILB is a very solid company which has just been out of vogue. When common sense returns we shall see a higher SP.
They will not let the sp go pass 40p ,I also have a large stake in bilby and got some more share this morning and the trade as gone through as a sell .
Been building a stake here, consolidating nicely at these levels.
Patience needed but expecting it to move north at some point to the next level.
I think you could be right they have been playing the SP for weeks
I suspect the mms will try and make people see otherwise however
£3m EBIDTA. Repaying debt, and tax deferrals.... Sounds good to me.
"The objective to reduce net debt remains a priority for the Group and we have continued our rigorous focus on working capital efficiencies, cash conversation and cost management. This has enabled us to repay an additional £2.3 million of our term loan - over and above the scheduled quarterly payments. Our banking partner, HSBC, has waived the requirement of covenant measurements for the first half of the year ending March 2022.
Over the last 18 months, net debt has significantly reduced by £8.4 million; as of 30 September 2019, net debt was £11.1 million and at 31 March 2021 was £2.7 million, net of cash balances of £1.3 million. At 31 March 2021, Bilby had deferred £1.0 million VAT liabilities which post year-end, in agreement with HMRC, have started to be paid."
back from the unexplained drop. Good news for me as I managed to chivvy some more. I really think this can go on and move to a higher SP so am happy to accumulate as we climb up in SP terms.
Seems to be marked down for no reason! I will add as I think the small drop of 4% is unjustified. Probably in an overlooked sector with other stocks being more sexy but there will be a return to value stocks at some point. And Bilby is exactly that.
Simon Thomson had a target of 165p on this in 2018. He admitted calling it wrong: I wonder what he thinks now? Trouble is I don't think he ever goes back to his mistakes. But the problems of P&R are long gone by the look of it, and the rest of the group was never in trouble. They continue to squeeze their way upwards. May be a better prospect now than ever before. Especially if it's the turn of the main economy for a change.
Well that will teach me to open my mouth next time best to say nothing at all lol
Oh dear. I painted myself into a corner here. I hope I can add more before the SP goes above 40p. No reason I can see for the fall under 40p apart from a tempering of BILB's good run up.
Looks like the sp is breaking out ,when big in bilby when sp was between 11pand 27p and now paying off :)
Looks a good call now. Into the 40s and the rerate is well underway. Nailed on to keep climbing as I can't see the SP being hammered like before.
Sneaked in my buy at 35.99p just before the rise. Very strong momentum now so perhaps investors are waking up to the possibility when Covid lifts then Bilby will be in a good place. Next stop 40s.
Evening Qd. Been buying since November at 18p upward since it came on my radar. Was lucky as there was a risurelydiculous fall from 21p to 18p for no reason except an overhang I'd say. Going to buy more tomorrow as I average up. I don;t know if we will see 100p but the mid 30s can surely translate into mid 40s at the current rate of progress Looks a solid company and when Covid unwinds there will be plenty of interest among investors. I intend to be in before then and out before them having built up a position.
Slowly but surely - perhaps - I think this will now do well. I'm going more by others's confidence than my own, as I said in September, "Simon Thomson pointed out that Ruffer and Northern Trust both bought at 100p from the chairman and his son so would be sitting on big losses. But Ruffer, whom in general I really respect, do seem to have the faith: they bought more with perfect timing right at the bottom in March. I think they'd have gone elsewhere if they didn't have confidence in the management: if you were buying then there was a lot of choice! That's actually quite persuasive as they surely get to meet them, as will have ST originally." There's been lots of large holding buys since October as well, and I think the management will have learnt a very hard lesson and procedures will have improved enormously.
Having bought at 72p and not been wise enough to get out when it went pear-shaped, I bought twice at around 20p, and it's very comforting now to be in the black.
I see the SP has a smart exterior now as it moved to 34p on the ask. Looking back to Novembeer an SP of 18p was just gas s much as the current SP is electric. Still plan to add more next week as I average up into the rise.
27p paid suggests you might have. Looking for 100% upside personally. I notice it got a shout out on a forum https://www.lemonfool.co.uk/viewtopic.php?f=93&t=27442
Top up this morning, I have a feeling the sp will start to move soon hopefully I got it right
Added more today and will continue though there seems mostly sellers. It gives me a chance to get a decent holding before what I see is an evitable rerating.
seems way too low. 7p of eps before the crisis hit. The new CEO has a good track record and is making all the right noises.