Glad I exited earlier this week with news of a cap raising whilst seeking suitors for a buyout.
Management have clearly demonstrated that they don't have a clear plan and cannot execute on what they have said they would do.
Livetiles was a disaster and a risky thought bubble. Goodness knows what is next.
Disc: no longer held.
Great news that BTH is walking away from LiveTiles acquisition!
a bullet dodged I am certain. LiveTiles is an awful company and I’d like to see BTH management concentrating on organic growth instead of being so acquisitive.
Following on from @BoredSaint straw about the takeover offer from BTH to LVT, I can't say I'm a fan of this proposa.
I unfortunately owned a small position in LVT for a number of years and it was just a cash furnace with awful managemet paying themselves too much. I waited for them to turn it around for years and eventually exited at a massive loss when they tried to delist, as I didn't want to get stuck in a private company.
In any case, I don't see the attaction here for BTH and to fund it via a cap raise given the current market conditions and their depressed share price, just yuk.
Disc: BTH held in RL and on Strawman