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Your summary seems pretty adept .
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Been comparing the list of major shareholders at 31 Mar with the list in last month's circular to see who the seller might be. Of the eight shareholders with >3% in March, five retain the same number, one has increased his holding, one has sold out completely and one, NFU Mutual, has gone below 3% (2.2m shares) on 3 July. So my guess is that they're still selling probably because holding shares in a cash shell doesn't fit their investment criteria. And you'd have to imagine they're pretty close to finishing if they haven't already.
Anyone got a different theory?
Sorry, it was yesterday not last week.
Never expected to be buying sub 7p again but there's a pretty determined seller out there. On the plus side, that £10.4k 'sell' last week was clearly a buy so not everyone's gone crazy. Right now it's like buying pound coins for around 50 to 60p which is fine by me.
Soon be here .
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With a conservative NAV of 12p/share, money in the bank, can't understand why more aren't buying. In fact the two largest trades of the day (neither showing on LSE) are sells at 6.8p. Guess the Twitter rampers have moved on but this looks sure to reward a little patience, maybe in a big way.
The next 6 months will be transformational for this little minnow.
Added at 8.8p
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Still waiting.
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So we should have received another $5.75m today on top of the $3m already in the bank from Invenire. If not we get to keep $1m and HEPI goes back on the market. Let's hope the BOD thinks this is worthy of an RNS tomorrow morning. It's interesting that Invenire raised its bid without HDY receiving a counter offer from HOEC or another bidder. Suggests there is other interest out there.
So to recap here, before 20th Aug we are anticipating receipt of $8.75m in respect of an asset sale. With $4m already in the bank.
So that's around £10m against a £5m mcap. If they decide they don't need to hold that much cash to RTO, then they could return millions to shareholders by a special dividend!
Should be along soon .
One hopes for 12p on the next leg.
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Share Price: 6.30 Bid: 5.00 Ask: 10.00 Change: 0.00 (0.00%)
Spread: 5.00 (79.37%)
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Will be here soon enough.
One hopes this fresh start will begat big things for poor Old Hardy .
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.
Nice 540k buy this am
Pretty surreal, I would imagine with the circular being posted, people will take note and it will head to a more realistic level (9p+ plus - which still represents a discount)
Am I getting this right? HDY has received an offer for HEPI which is $5.75m higher than before which equates to an àdditional 6.2p per share, but two days later the sp is struggling around the 7p mark in total. How is that possible?
Acha...Hope so :-)
bid and ask rising. strong close i feel
full ask paid. wont take long for it to get back to 9 i hope
into close???
Bennett...thought we would be higher than this in all honestly...Fingers Crossed for an afternoon push up in SP...Close over 7...Gl All OF
Quick question - is there to be a special divi payment from proceeds of forth coming asset sale ? If not then why are peeps buying here ?
Depends on the reason for the rise, I jumped into a share at the end of a day when it had risen up 300% in the one day. Luckily for me it rose another 100% the following day so it can happen but wouldn't do that now unless it was spectacular.