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After months of stagnation and falls, the price suddenly rises by more than double tomorrow's xd fall, on negligible volume. What gives?
I’ll have to moan more often - it’s seems to have worked wonders this morning! I’ll ease off when we get to £6 a share…
I held shares in this quite disgusting example of British greed and corporate robbery after someone posted positive things and a cursory bit of research. Luckily for me I bought fairly cheap and sold out immediately the results and dividend were announced after I had realised the company is purely for the benefit of the directors and their families. I expect they buy back some very cheap shares every now and then. But this is a total waste of time unless someone decides to acquire the business. And who wants a dodgy coalmine and some falling UK property. I truly hope anyone reading this just doesn't fall for the positive spin that is easy to put on the crazy sp. I'm something looks too good to be true, it probably is. IMHO the directors are totally unsuitable to run a public company and a regulator should be investigating. But, broken Britain is now, sadly, just Broken.
As a disgruntled shareholder I agree Wiscos. The last 12 months should have been an exciting and rewarding time for all Bisichi share holders but the management team ensured a different outcome…
I totally agree that the Bisichi Directors could and should to more to support their share price. I have been to London to tell Andrew Heller this in person.
However, I would point out that Thungela basically do everything they can to be transparent and aggressive in their dividend payments, and they are in exactly the same pulverised position as Bisichi, both having absurd P/E ratios well below 1.
What was Hellers response? It’s a fair point that you make about TGA but their share price did increase about 9 fold during last year! If Bisichi did a share split, made the shares more tradable and attracted broker interest then they and the private investors could enjoy the benefits of this.
Has anyone been able to decipher what investments Bisichi have made? What companies / funds have they invested in? Regards
The beginning and end of it is:
'During the year the Group’s non-current investments held at fair value through profit and loss increased from £3.6million in 2021 to £12.6million due to net additions during the year of £8.2million (2021: £1.2million) and gains from investments of £0.7million (2021: £0.7million). The investments comprise of £6.8million (2021: £1.56million) of investments listed on stock exchanges in the United Kingdom and £5.8million (2021: £2.07million) of investments listed on overseas stock exchanges. The Group’s listed investments are primarily in entities involved in extractive and energy related (including renewable energy) business activities.'
It was one of the points I raised with AH - a third of their Net Assets are only vaguely described. He seemed reticent about the amount of detail they are allowed to publicise (I guess because Bisichi is not an investment fund), but acknowledged that greater clarity could and should be given.
This is a perfect example of the sort of thing Bisichi could do at zero cost that would transform the appeal of their shares.
As much as I despise Mission Statements, I think this is a rare example of where a clear 'This is what we are trying to do' statement would be much appreciated.
Very informative - thanks Edward. Fingers crossed they improve their PR.
Interesting times ahead here… I wonder if Boris’s and Labour’s energy plans are credible..
https://www.energyvoice.com/renewables-energy-transition/519736/vattenfall-calls-off-norfolk-boreas-due-to-rising-costs/
Has anybody received their divi? I thought that payment date was 28th July?
Yes. They couldn't not pay the dividend, and say nothing.
May I suggest you change platform...
My holding is split over two different brokers. One is now showing and all correct but the other is yet to apoear
No interest here. Some selling too before results at or around the end of the month. I wonder what management will say.
Profit £26m
Cash and shares £24m
Market Cap £15m
However ineptly the directors of the company might present their story to the outside world, this remains endlessly amusing.
It’s almost as though the board has a KPI on how bad they can make themselves look.
I’m wondering why this is still a PLC