Spoke to Nigel Wray at Master Investor on Saturday hes still has his shareholding and was positive about the future suggested that in the Pipex takeovew the value of broadband subscibers was 300 each making BRV worth around 21m as they are heading toward 70k subscibers making the price 50p should a take out come along from BT glad I topped up my holding last week ................... this also assumes no cash from DM and they expect 1m future pmt and the business with John Lewis has got to be worth 1m ?? so could be 25m in my opinion or 60p

gordon geko/ chapman123 - 26 Mar 2007 12:27 - 123 of 127
have a look at Brightview (BRV) next one to be taken out after pipex ????
suggested value is 300 per broadband subsciber does this sound about right ???


Take over is the only thing that will save this dog.
77k subscribers? Try close on a million customers before you start equating to PXC.
Turnover of what 13 mill?
Oh, and Nigel Wray? HCEG comes to mind.

????????????? .... you mean there are sensible reasons for throwing money at this company?????????? ..... have just looked at the chart and it seems to have plummeted at and from Day 1 of trading

Brightview only came into existence on the death of Invox (it's parent) which was crippled by it's Home Gaming division. Invox originally paid 20m for Brightview and now it's market cap is around 9m though the number of broadband subscribers just keeps growing. It's 3 ISP's incl. Madasafish get consistently high satisfaction rations from the customers, see recent BBC Watchdog survey where they took 3 of the top 4 places.
It's true there is not much excitement in owing this share at the moment but having bought in at 13p I'm happy just to sit patiently and I believe reap the eventual reward.
Regarding the chart BRV was only "born" on 22nd Dec 2006 shares sitting at 9p then, today sitting at 19.25p.

rations???
I must be hungry!

I was in invox and agree with the chart but you've got to move on and I averages down recently and nigel wrays no fool worth much more than we will be ever worth
just take his 90m stake in dominions pizza for starters....

also John Lewis are no fools dealing with them belive this will lead to further big companies moving to quality companies

ever dealt with pipes their service is appauling ...

nice move today with few big buys also not convinced some of those sells either ??

gaining some new momentum 25p before the end of the week

was it tipped at the weekend anywhere ???

It would seem that there is firm bid interest from BT.....

queen1- more than interest. Brightview proposes, subject to shareholder agreement, to sell its business to BT and effectively become a cash shell in the interim whilst looking for further opportunities. You never know, the Board may well have something in mind already.

Yes, indeed. Sorry, it was a Saturday morning and I didn't have all the facts to hand. Interesting times. Does this mean holders will be left with shares in the cash shell then?

Yes, pending reinvestment of the proceeds or part of the proceeds, since some of the funds may be paid to shareholders. I only took an interest in BRV because I follow and hold shares in BT, on the thread of which, I comment. It looks a nice business for BT to consolidate and develop.

I hold both :-)