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BDL, BRANDRILL LIMITED
Macka
post Posted: Sep 11 2009, 05:19 PM
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In Reply To: disco stu's post @ Sep 11 2009, 11:13 AM

Hi DS

The White knight that invested $2 million at 4c has made a killing, only a short time ago.
I did a bit of digging….
http://www.resourcecapitalfunds.com/home.asp
It will be interesting to see if any other notices appear.

It would be good to know who controls the board. Maybe there is another player.
Strange the Notice today was from UBS London; apparently not a local buyer?

Cheers
Macka

 
disco stu
post Posted: Sep 11 2009, 11:13 AM
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In Reply To: Macka's post @ Sep 11 2009, 10:54 AM

Yeah I have puzzelled over the announcement as well. The Arb opportunity is relatively thin, depending on when you take BDL's price - yup 14% when BDL is 11c this morning, but only 5% when it opened this morning at 12c. With both stocks fairly thinkly traded and volatile as the bounce back continues it would be a bit of a punt. BDL is market cap of $50m while ASL is $300m, so I doubt it would be a backdoor means to take up a position in ASL, as 5% of BDL convert to less than 1% of ASL - maybe Cherry Garden Nominees wants to increase it's stake above 19.95%? Strange.

 
Macka
post Posted: Sep 11 2009, 10:54 AM
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Hi All

Not sure why?

Is it ASL just buying a little insurance to make sure there deal goes through?
Or is there another possible buyer?

There is also an arbitrage factor. With the current ASL price of 1.80 with BDL at .11

The ASL offer of 14.5 BDL for 1 ASL share means that there is a gain of 12.85% (Based on the current prices) to be made if the sale takes place, well worth keeping an eye on.

We Hold

Cheers

Macka
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veeone
post Posted: Sep 11 2009, 09:29 AM
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UBS taken a 5.05% substantial holding stake! Announcement this morning. V1


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crooky
post Posted: Aug 18 2009, 09:04 PM
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In Reply To: veeone's post @ Aug 17 2009, 03:44 PM

Took up a position last week , so was pleased to see the announcement of the BDL / ASL merger, out of the blue.

 
veeone
post Posted: Aug 17 2009, 03:44 PM
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In Reply To: disco stu's post @ Aug 17 2009, 02:37 PM

Disco i also had been wondering what had caused the interest of late....V1

 

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disco stu
post Posted: Aug 17 2009, 02:37 PM
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Take-over launched by Ausdrill. Explains the recent increase in volume.

 
Maldive
post Posted: Aug 3 2009, 03:35 PM
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BDL on the move at last. Looks a bit tough at 5c, but hopefully will move up strongly from there.



 
veeone
post Posted: Jul 2 2009, 08:13 PM
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In Reply To: focus's post @ Jul 2 2009, 02:27 PM

Focus just announced placement to resources capital fund at 4 cents tonight. They now have 19.99% of BDL. V1

 
focus
post Posted: Jul 2 2009, 02:27 PM
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I am starting to get a feeling about bandrill, hasn't been too good of late but there may be some work in the new fiscal year that will see profits return somewhat.

Others have any idea, chart looks good for some upside

focus



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