Australian (ASX) Stock Market Forum

BCS - BrisConnections Unit Trusts

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itsonlymoney said:
Darn it....i knew I forgot to pay that bill today! Brisconn sent me a nice little reminder with a handy bpay option highlighted! As if I am going to bpay $670000 dollars by close of business.....I wonder do they take layby!!!
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Why didn't you transfer them to Jim or David while you had the chance ?

In any case there's a lot of water to pass under the bridge yet before it's bailiffs at the door.
 
drsmith said:
Why didn't you transfer them to Jim or David while you had the chance ?

In any case there's a lot of water to pass under the bridge yet before it's bailiffs at the door.
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I don't think there's ever going to be bailiffs at the door since he's joking.

Saw an article in the Australian today saying BCSCB could essentially also be $0.001, might be interesting buying at that price.
 
drsmith said:
Why didn't you transfer them to Jim or David while you had the chance ?

In any case there's a lot of water to pass under the bridge yet before it's bailiffs at the door.
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ASI sent me a letter offering to take them off my hands if i paid them $6700 dollars.......I always knew that Nick Bolton was shifty....if I had half a business brain I would have taken all the shares I could possibly get and I wouldn't have sold out behind peoples backs....trust me....I would have loved to wind the company up! There is nothing like helping out fellow Australians and sticking it to conmen and merchants alike!
 
Tardy BrisCon unitholders to be sent default notices
http://www.theaustralian.news.com.au/business/story/0,28124,25406002-643,00.html

Mr Bolton, whose Australian Style Investments retains 1.3 million units, also paid the second instalment on his personal holding of 1000 units.

Asked why, Mr Bolton said: "What we are doing and why we are doing it is all part of our strategy, and I'm not going to comment on that."

"We will make up our mind later on how we deal with ASI's units."
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Bolton must have got a kick out of his "15 minutes of fame" and wants it to continue.

Why he would keep any shares at all after exercising his sham "put option" is beyond me.

I hope this punt by Bolton backfires on him, could not happen to a nicer weasel.
 
Macquack

I'm less concerned with the sideshows than the main feat of making a project pay when it is costing over 75% more per kilometre than the chunnel (using a retail price index). An even bigger feat would be to justify why the project is so expensive.

Sideshows come and go. Multi billion dollar collapses have more lasting consequences.
 
sails said:
Hang on a minute - you were the first one to offer a rescue to the mums and dads on this site :confused:

https://www.aussiestockforums.com/forums/search.php?searchid=1936872

I agree with stoxclimber - you don't seem terribly concerned... :)
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Hi there...I was and had no takers!!....it was interesting as I most certainly would not have done what Nick the Bolter did! It just seems that people follow the weazel and look where he led them!! Please don't be confused...all of my comments about bpaying etc are heavily sarcastic!!! Hope that clears confusion!!
 
itsonlymoney said:
Hi there...I was and had no takers!!....it was interesting as I most certainly would not have done what Nick the Bolter did! It just seems that people follow the weazel and look where he led them!! Please don't be confused...all of my comments about bpaying etc are heavily sarcastic!!! Hope that clears confusion!!
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That though still leaves the question of how you're going to deal with the instalment liability or have you, like stoxclimber, formed the view that the dam will burst prior to it being enforced.
 
stoxclimber said:
I don't think there's ever going to be bailiffs at the door since he's joking.

Saw an article in the Australian today saying BCSCB could essentially also be $0.001, might be interesting buying at that price.
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Macquarie's taken a writedown of around $260m to $280m on Brisconnections. I'm not sure specifically what it relates to other than $20m from it's holding that it dumped last year.

The instalment payments have also turned up $288m short. No suprises there.

With regard to the trading price of BCSCB there will only be a handful of unitholders (assuming those who have not paid the instalment from BCSCA can't trade) when it resumes on May 7 so there may be no buyers or sellers initially.

I'm also of the view that this will not come to bailiffs at the door and have hinted so in past posts.
 
drsmith said:
With regard to the trading price of BCSCB there will only be a handful of unitholders (assuming those who have not paid the instalment from BCSCA can't trade) when it resumes on May 7 so there may be no buyers or sellers initially.
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Looking at today's announcement re-Top 20 Shareholders And Investor Spread there are about 4.6 million BCSCB units outside the top three "Macquarie Friendly" instos.
 
Troubled toll road builder BrisConnections has made a shaky return to the Australian Securities Exchange.

The second instalment of the units opened at $1 per security this morning.

They fell to 51 cents before rising again to $1 in extremely thin trade.

The first instalment of the units tumbled to just one-tenth of 1 cent last year.

The company faces being delisted from the ASX because of concerns about its liquidity.
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http://www.abc.net.au/news/stories/2009/05/07/2563646.htm?section=business

I can't find it, what is it trading as? I'd assume it would be BCSCB but that doesn't seem to work.
 
Jim & David did great favor to many Mum & Dad who somehow got suck in by the rapid falling BCSCA price, I am sure many Mum & Dad quietly saying THANK YOU...whatever motive Jim & David had, it really does not matter as long as Mum & Dad's obligation is now NIL.

I somehow is hoping Jim will eventually win his claim, regardless of his pass misadventures....at least he is honestly giving it a go. And so far Jim is definitely not betraying anyone like Bolton (who hopefully will get his days one day).

Regardless of the outcome, I still wish the Airport Link will eventually get build within budget and time...it is after all an essential infrastructure that is needed soon rather than later. Someone has to build it, if it is not Bligh's government (probably takes as long as Snowy Mountain project with 10-20x cost blowout) then why not Brisconnection (it will be on target if the sideshow does not affect the builders).

By the way, what happen if you own some BCSCA shares and it is taken private. I am certainly very interested if that means I will maintain some kind of shareholding ....https://www.aussiestockforums.com/forums/images/smilies/biggrin.gif
:D
 
normy said:
Jim & David did great favor to many Mum & Dad who somehow got suck in by the rapid falling BCSCA price, I am sure many Mum & Dad quietly saying THANK YOU...whatever motive Jim & David had, it really does not matter as long as Mum & Dad's obligation is now NIL.

I somehow is hoping Jim will eventually win his claim, regardless of his pass misadventures....at least he is honestly giving it a go. And so far Jim is definitely not betraying anyone like Bolton (who hopefully will get his days one day).

Regardless of the outcome, I still wish the Airport Link will eventually get build within budget and time...it is after all an essential infrastructure that is needed soon rather than later. Someone has to build it, if it is not Bligh's government (probably takes as long as Snowy Mountain project with 10-20x cost blowout) then why not Brisconnection (it will be on target if the sideshow does not affect the builders).

By the way, what happen if you own some BCSCA shares and it is taken private. I am certainly very interested if that means I will maintain some kind of shareholding ....https://www.aussiestockforums.com/forums/images/smilies/biggrin.gif
:D
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hei normi/METOO feel sory to mum and dud, maby yur unkel jimmi eksplain yur annser,no? appears youre still liable if you went with davo
 
jumala said:
? appears youre still liable if you went with davo
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Can you expand on this, please?
You seem to be suggesting those who transferred their shares to David Barrow are still liable for the $1 payment?

Some time ago I did ask about this to both Jim and David. Neither replied.
 
Julia said:
Can you expand on this, please?
You seem to be suggesting those who transferred their shares to David Barrow are still liable for the $1 payment?

Some time ago I did ask about this to both Jim and David. Neither replied.
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davo jab the saviour had 0.5%, claimed transfers 5%,,,, asx???
 
Looking at the top 20 shareholder list for BCSCB it appears that David (JAB_Charity) has not coughed up the $1 second instalment for too many (if any) of his 0.5%+ BCSCA units.
 
jumala said:
hei normi/METOO feel sory to mum and dud, maby yur unkel jimmi eksplain yur annser,no? appears youre still liable if you went with davo
Click to expand...

Enough already the confusion....stop spreading fear unless you intention is real.

Anyway, can anybody offers some insight into what happen if you are holding shares when the company decides to go private? Anyone?
 
It depends upon the constitution/trust deed as to whether future installments etc. will be paid. Legally there is little difference between a non-listed company and a listed company in terms of the individual shareholder. You can still sell your shares as you would if it was listed (subject to anything in the constitution on registering transfers etc.), but it would be harder to find a buyer than if its listed obviously, and the pricing wouldn't be as transparent for you.
 

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