Paul Price

BGC Partners: An Appealing Speculative Play

The Dividend Daily

New Dividend Stock Coverage (BGCP)
By Dividend.com Staff
December 16th, 2008

We are adding the following stock to our dividend-paying stocks database.

BGC Partners (BGCP) - This company engages in developing and deploying electronic marketplaces and related trading technology that enables market participants to trade financial and non-financial products. It operates multiple buyer and seller electronic marketplaces for the capital markets, including government bond markets, foreign exchange markets, and other financial marketplaces, which are accessed through electronic transactions for some products or through an integrated voice-assisted network accessed by voice-brokers. The company was founded in 1999 and is headquartered in New York, New York.

BGC Partners: An Appealing Speculative Play

Joe,

Here was information from last June on the secondary offering they sold.
Investor then were paying $8.00/share- way above my recent price.

June 06, 2008
BGC Partners Prices Secondary (BGCP)
BGC Partners, Inc. (NASDAQ: BGCP) priced its public secondary offering of 820 million shares at $8.00 per share.

According to the company, 10,000,000 of these are primary shares, 3,926,178 of which are secondary shares being sold by Cantor Fitzgerald, L.P., and 6,073,822 of which are secondary shares being sold by limited partners of Cantor Fitzgerald, L.P., and founding partners of BGC Holdings, L.P.

Joint book-running managers are listed as Deutsche Bank and Cantor Fitzgerald; co-lead managers are Wachovia Securities and BMO Capital Markets; and co-managers are Keefe Bruyette & Woods and CastleOak Securities. The underwriters were granted an option to purchase up to 3,000,000 additional shares for 30 days after offering.

Its market cap was listed as $589 million. This is a 1% discount to yesterday's $8.08 close and down from $9.00 just 5 days ago. Its 52-week trading range is $7.02 to $12.97.

BGC Partners: An Appealing Speculative Play

BGCP shares were up > 13% in Dec. 31st trading.

BGC Partners: An Appealing Speculative Play

A further note on BGCP: As of the last proxy statement [February 2008] officers and directors owned about 67.4% of the stock making them quite motivated to seek growth in shareholder value.