Leopards and spots I fear - although this company has NO followers yet, (here) I would like to remind readers that this company has come a long way from earlier times and different businesses:
It started as A H Ball - pipelaying in the West country
then they thought fencing (Langley and Johnson) was a better business.
Then the Internet started to errupt - so they became Medi@invest - the use of a number/odd-character is a No 1 alarm signal it seems as these shares climbed and fell dramatically.
Then as the @ became a real problem they thought about repairing TV's and shifted reconditioned units - Universal Direct -
Obviously this was a further waste of investor's money and a new scheme was found ( er, they were running the business during this time in exemplary fashion).
The new business was/is Bartercard [BRTR] the exact purpose of which escapes me at the moment, but let's hope they are shifting all the stock they have built-up running these businesses. Who knows? maybe we'll get a chance of seeing the Directors at an AGM - should be good to see if they are wearing the same AHB suits, let's fsace it they can have worn them out actually "working", so some cost-saving should be identifyable.
Grr.

Up 33% as I type and two trades at 6p just gone through although they do look like a rollover why at 6p ?

Looks like it's trying to push higher again this morning.

Did that just drop 10% on a 10K sell ?

L2 4 v 1

Well with this buying at 4p thought it may have moved higher by now. L2 is 3 v 1 and next offer is 4.5p

"For the first time in our history every operational business unit is performing above, at or close to its peak"

http://www.bartercard.com/uk/page.asp?2365=501446&E_Page=208703&grandparentcategory=130371&parentcategory=501446&contentID=501446


Trading Update

21/09/2006

Bartercard PLC



Trading Update



Bartercard PLC will be announcing its results for the year ended 30 June 2006 on 29 September.



Trading since the year end had been strong. Bartercard UK (BCUK) had trade volume of T5,171,677 in July, the first time it has exceeded T5million. This was exceeded again in August with trade volume of T5,487,051, up 66% on August 2005. August is traditionally a quiet month.



In Bartercard Australia (BCA)), the trading result at A$46.3m in August was the second best ever and just A$1.8m short of an all time August record. By August, almost 10% of all transactions in BCA were being done via EFTPOS terminals (launched with four major banks earlier this year), which now total over 1,680 and is resulting in substantial savings in administration costs. Australian new member sales are also up almost 10% on last year for the same period.



Bartercard charges a 5.5% cash fee on every trade transaction to the buyer and seller.



License sales in Bartercard International (BCI) have exceeded all previous years, and results from the new Bartercard Real Estate (BCRE) company in the UK are ahead of original expectations. Bartercard Plc owns 100% of BCA, BCUK, BCRE and BCI





"For the first time in our history every operational business unit is performing above, at or close to its peak"



Executive Chairman, Wayne Sharpe, commented.

Not much interest in this stock, here, but FWIW I read yr cpost Moneyman and if true, the notion they charge the "Buyer and seller 5.5%" is just dumb - the seller will increase his price to allow for this greedy charge so it is the Buyer that forks out an extra c.11% - are there no alternatives, I wonder? Surely with that profit, many other supliers of Plastic will be looking to wipe them out.
As to the levels being close to all-time high - - - -well just how high was that?
If the earlier levels were pretty low, then there is no need to get excited.
This co has been in several guises since well before 1999 - and you know, I think each one has resulted in more loss of shareholder value - it's as though they are grossly incompetant at whatever they turn their hand to - better to have stayed with the pipe-laying methinks.

All IMHO, so DYOR please!

Finally: Can someone explain just how the "Bartercard" works? Is it here in the UK - & why don't I see it? (etc.)...Is it scheme to avoid paying VAT? I admit it, I have failed to get a grip on this Venture and wonder if I'm missing a multi-bagger, albeit one that's so slow no-one (here) notices.

BRTR-Shares appear to be Suspended - is this... temporary?....(since October 2006.?)

Well "...It's all over Now..." -as the song goes.
BRTR is to be taken private and anyone with fewer than 1000 shares will be deemed not to be a member of the (new?) company.

Well Jolly Good Show I say...it's just a pity that we investors were allowed to be cheated out of our investment by a bunch of n'er-do-wells that thought they knew how many beans make five ( er, that three and a slip of paper, mate).
Where were the likes of the FSA?....down the pub drinking with Marconi execs....Grr! ( I see Steve Mayo has been exonerated by the FSA - Well that's allright, then.)
At the current sp of 5p to buy, you'd have to have 50+ to stay in this "game" and frankly the nuit-ladies of Richmond would put up a better deal for that amount of dosh.
This business has had many guises, each more slipery than the last, until it has finally keeled over and I suspect the Dir's will runn off with whatever is left....they should Never Work Again, so I hope they invest it wisely and leave the nuit-ladies to those who appreciate the finer things in life.........I believe I've been invested in this string of slime for ten years - and No, there never was a good time to get out (except during the first week of the Dot-Com boom, when I could have bought a moderately decent 1-yr old car with the profit.)....Ho! Ho! that shows how dumb I was, I suppose...

R.I.P. "Bartercard"..... or whatever named-stone you crawl under next.

The same thing happend to me with Marconi I was into them big time, and also knowledge management,the B...... i dont know how they get away with it. All they do is change the name and then carry on dealing. I hope the b........ dont have a good nights sleep ever again.