http://www.brainspark.com/
Price 0.25-0.40 pence : 08.11.04
Trades over 60,000 Shares are delayed in reporting by 1 Hour.
Daily Execution Price and Volume


Brainspark Plc is an AIM listed company, focusing on investments in best-of-breed Information & Communication Technology (I&CT) primarily in Europe and Israel.
The core competence of the Company is the vision and the understanding of I&CT, and how these technologies will be key for the creation of break-through applications, combined with an international network of excellence among researchers and entrepreneurs.
The advent of broadband will have a major impact on the way businesses operate providing opportunities for new services and contents
We believe it is a timing issue, rather than a 'will be' issue. Brainspark is positioning its portfolio of investments to be ready to take advantage of the broadband opportunities when they become available.

Shares in issue 192m 1p ORDS
Major shareholders
Major Shareholders.................Amount................% Holding
Cross Atlantic Technology Fund.....33,916,050.............17.64
Company Directors
Francesco Gardin...................31,903,278.............16.59
Alberto Agosta......................2,527,273..............1.314
Edward Burman.........................681,818..............0.355

Brainspark have investments in the following companies:


www.geosimcities.com
Geosim Systems has developed proprietary technology for automation of the production process of 3D models as a product derived from satellite and aerial images. This technology will be applied in standard products for the creation of very high resolution 3D models of towns and other locations, and will be accessible via broadband Internet.
Geosims technological partner is Argotek, owned by the FORMULA Group (NASDAQ-FORTY), one of the major Israeli software companies.
Geosim Systems was founded in Israel five years ago as a satellite company of Tiltan System Engineering Ltd (TSE) by a group of technical experts who had been members of the Israeli Air Force.

From November 2003 to January 2004, Brainspark made a further investment in
Geosim Systems Limited (51.75% owned by Brainspark) of
US$50,000. GeoSim is an Israeli company, whose main business purpose is the
creation of 3D models of cities and other areas of special interest. GeoSim's
management believes its state-of-the-art technological tools allow cost and time
saving in data collection and 3D modeling process. GeoSim realised revenues in 2003 of about US$400,000 (#240,000) mostly in the second half of the year and is expecting to make further progress in 2004, particularly in the USA where the
main focus will be on developing Homeland Security applications and in Italy
where the Company is in discussions with local authorities in a number of
historic cities.

www.theusabilitycompany.com
SOLD 320k


www.metapack.com
MetaPack's mission is to make traditional supply chains more responsive to individual customer needs. We provide zero defect fulfilment that attracts, converts and retains valued customers at the lowest cost to serve. We are helping retailers to: extend range availability in smaller stores reduce the cost and improve the service of online fulfilment implement web-based ordering throughout retail offer the widest range of delivery options revolutionise services in shopping centres MetaPack works for companies such as Boots, British Land, GUS (Reality), M&S, Sky and WHSmith.


www.kerb.co.uk
Kerb, winners of various major industry design awards (including a Design Week Award and the Yell Award for best use of e-commerce), and the Future UK Internet "Web Agency of the Year" award, are a Full Service Digital Agency based in Brighton consisting of 20 people, and have built a reputation for producing high quality, funky, cutting edge Internet sites, CD-Roms, and web-based games for clients. These UK clients include: Pepsi, Electronic Arts, Mathmos, Scottish Telecom, EMI, the Mean Fiddler, Elida Faberge, Flextech and Petspark.com (one of Brainsparks incubated companies). Kerb also have clients in Switzerland, Japan, and Hong Kong.


www.fortune-cookie.com
Fortune Cookie creates award-winning online solutions. From consultation to actual implementation of the chosen route, turning difficult technical propositions into simple and dynamic realities. Fortune Cookie is a global brand with global coverage, and an integral partner of Brainspark and the partner companies.
On 4 December 2003, the Company increased its percentage ownership in
Fortune Cookie (a company which offers strategic thinking, design and build
services in web and wireless technologies) from 25% to 29.44% by capitalising
#48,176.39. This transaction puts Fortune Cookie in a better financial position
to enter into discussions for potential mergers to enlarge its market share and
to participate in a large innovation project overseas.


www.easyart.com
Easyart.com is the UK's largest online retailer of reproduction prints and limited edition art. It offers over 40, 000 fine art and photographic prints, with more being added every day, plus made-to-order picture framing.


www.traderserve.com
TraderServe is an application service provider targeted at professional traders, offering them a flexible, highly sophisticated, yet easy-to-use, modelling system for financial and futures markets.


www.sanvicentegroup.com
The shareholders of the company are prominent financial institutions, corporations and technology entrepreneurs from throughout North America and Europe. The company is led by a board of directors with extensive experience in the venture capital industry.


www.acsys.it
Advanced Computer Systems (ACS) are involved in the design and production of ground stations for the acquisition of data from remote sensing satellites; analysis and processing of digital images; geographic information systems; virtual reality; management of large amounts of information. It is currently preparing the complete digitalisation system of the radio archives and production for RAI (Italian State Broadcaster).

www.smile-on.com
SOLD 220K


www.impression.it
Impression created in February 2000 by a group of Internet experts operating in the ISP sector (Internet Service Provider) provides high added value quantitative and qualitative analysis of accesses to web-sites and detailed online reporting.


www.ludonet.it
Ludonet, founded in 1995, is a leader in the development and management of online entertainment and virtual community solutions.

In September Interims directors highlighted consolidated NAV position of 3.3m and described this valuation as conservative. Directors are paid in options/warrants at 1.1 - 1.31p/share. Given two investments that carried a book value of 22,000 in these results were sold for over 500k, how much is the remainder worth?

192m shares in issue
Mid-Price...........NAV / Market cap equivalent
0.30p................0.58m
0.40p................0.77m
0.50p................0.96m
0.60p................1.15m
0.70p................1.34m
0.80p................1.54m
0.90p................1.73m
1.00p................1.92m
1.10p................2.11m
1.20p................2.30m
1.30p................2.49m
1.40p................2.69m
1.50p................2.88m
1.60p................3.07m
1.70p................3.26m
1.80p................3.45m
1.90p................3.64m
2.00p................3.84m

News is due on the ACS deal it is thought, as the 31st of Oct was a key marker for initial transfer of assets and initial payment of 300K. Deal would then go through with final payment of 1.1 million any time before July 2006.

So its thought we should get the initial confirmation on ACS very soon, but of course everyone is waiting for an update on the mega bucks Geosim one as well.

Papelpower

Was there a reason why it moved up today though

No, it can only be two reasons though.

1 is a technical bottom on the charts.
2 is leaked info on the ACS deal first phase being complete and news coming soon.

Or a combination of 1 and 2

Its like I have seen on HML today, suddenly lots of buys, this never happens on HML so I take it that info has been leaked and news is due very soon on there.

If there is no reason for a 40% rise then the company should clarify this in the morning with a no reason for rise RNS.

There is the reason

Update


RNS Number:2162T
Brainspark PLC
26 October 2005



FOR IMMEDIATE RELEASE 26 OCTOBER 2005

BRAINSPARK PLC

Brainspark notes the recent rise in its share price on AIM and confirms that it
understands that the heads of terms announced on 11 August 2005 regarding Geosim
Systems Ltd, in which it currently holds 50.1 per cent. of the equity, are
expected shortly to be converted in to full legal documentation. As and when
this is signed a further announcement will be made and Brainspark will be in a
position to disclose the name of the US private equity firm involved.

ENDS

Further information

Francesco Gardin, Brainspark PLC 0039 0228 0141
Roland Cornish, Beaumont Cornish Limited 020 7628 3396

Well my understanding is that Geosim is the big one, this should fly tomorrow, unless I am missing something obvious.

LOOK AT THE RNS!!

THIS IS GOING TO ROCKET TOMORROW!!

I would be very interested in thoughts on SP tomorrow, medium term and long term.

I am correct in saying Geosim is the big deal, I have read the RNS on 11 August and it is not as clear as it could be however it would seem for BSP this is a huge deal and very profitable

5p minium... yESSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS

I have looked at some posts on the other board and the following would seem to have been assumed, I would be interested in your comments.

It would seem then that we have a market cap of approx 10M which equates to 5.2p per share and that is before we look at benefits from the NEWCO or the existing assets of BSP.

That being the case the SP is going to rocket tomorrow I only have .25% of the company but I will be happy with that having bought in some months ago.

I have a question though why if the company potentially is worth 10M + has the SP not been trading higher to reflect some of this value, or it it simply because the deal may not have been signed.

Great news and doing some back of the fag packet calculations

Shares in Issue = 192 million

Loan Stock Conversion = May or may not happen as from the earlier RNS

LOAN STOCK

The Company's Chairman, Professor Francesco Gardin, Mr. Villa, Luigi Fogliani (a relative of Professor Gardin's wife) and certain others not connected with any of them (the 'Investors') have agreed to invest up to 305,000 in interest free convertible loan stock due 2006 (the 'Loan Stock'). The Loan Stock is
convertible at the option of the holder or the Company at the mean mid market
price for the ordinary shares of one penny each for the business days between 24 June 2005 (the date upon which the Investors first expressed interest in
investing) and 15 August 2005 (being a date sufficiently in the future to allow
the market to digest this announcement. If not converted by either holder or the Company, the Loan Stock will be repaid by the Company on 31 March 2006. To the extent that Investors have not already done so, funds will be provided to the Company by 15 August 2005.

The funds raised by the issue of the Loan Stock will be used to meet the ongoing working capital requirements of the Company and its investees.


So

Shares in Issue = 192 million

Potential but not confirmed with any conversion = 235.5 million


Present NAV around 3.2 million with ACS deal included and taking in that the Geosim deal is worth around 10 million in assets (cash (over 6 million US$) + equity from EP (over 10 million US$) + original holding less 50% + value increase then

13 million NAV divided by 192 million = 6.77p per share
13 million NAV divided by 235.5 million = 5.5p per share

This is discounted as well as the other companies in the BSP portfolio are worth much more than the present book value and this also excludes the conversion of EP into equity statement from the Geosim agreement that the value of purely the conversion of EP into equity will be a minimum value of 10M US$ and could be considerably higher.

All just my quick calculations and may be wrong, but I would say as its going to be a legal agreement, in the time from now, during legal agreement to the final deal being done in the future the price should be trading around mid 3.5p level and that is a very conservative figure I think.

I have previously been buying and adding to my holding and said anything under 1.5p is to me good value with Geosim rumour. Given the latest news and its from rumour to soon legal documents then I would now say in my opinion that anything under 3p is now very good value and below 4p good value, but that is just my opinion of things and others may differ.

How much of a mark up at open will we get ? I am sure there will be one following the news yesterday and what will be todays rise percentage at the end of trade, I am expecting it to be a lot bigger than most big moves up.

Moving up well with over 40% rise already !

100% rise and moving upwards !

PapalPower

Watching this move up as we speak on level 2, I had a sell set @ 4p I may get that today the way it is going

It is moving up well stewart3250

Yep, perhaps 4p was a little optomistic, I have held since they were @ 0.003p, any thoughts on what they could go to today and once agreement is signed, I believe it has to be signed by 31 October.

I could do with selling today as I have topped up on Toledo (TMC) but do not need to sell if we still have a big upside, be grateful for your estimates today, upon signature and mid term.

stewart the ACS deal goes past first stage on the 31st October, this is worth over 1M to BSP.

The Geosim deal is the big one, and now confirmed as shortly going to be fully legal agreement. 2p plus today at close would be good, its all a bit too much for one day, but glad I have been holding and adding into my BSP stake in the past months.

TMC is one I am watching, but waiting on TAG first with news from 3X. I know the Flipland well and everything gets delayed, so I am hoping to get a good gain on TAG to put into TMC before the final paperwork is finished for TMC and they can start mining the nickel.

PapalPower

Do not wait too long with TMC, PCSD due tomorrow, email me if you want, we can discuss TMC and BSP, I am also a large holder of CHP.

got it ok, will drop you a line later.