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Yes 150k of director buys is much more like it. I think the overhang from Old Mutual selling out has been somewhat cleared by the directors and others mopping up stock here. When I saw the 50k yesterday I wondered if this was related to a director. This means since June directors have bought just over 1.065m stock here. They have been dwarfed by the funds in play here. Still the directors will be the ones who truly know how the business is doing. The SP has recovered nicely here from it's low of 36.5p. Maybe 37p was a good price to buy in at? (Purely based on the director's buys.)
Looks like the chairman has got all sanguine just before Christmas! 150,000 is a bit more like it!
The 2 reversee trades added up to exactly 16.5m. I wonder if the 16.26m trade was meant to be deleted like the 235k or so trade was?? This would explain no further RNS here. Strange so much stock could be sold without a buyer? Directors buys have appeared. Derek Mapp has just bought 50k of shares at 37.5p. Neil Jones has also bought 25k shares too. 38.39p. It would look better if they just did a huge buy. These are drip fed small buys for the money they earn.
Nope it was Mutual that sold out here. They have 1.7m stock left and I expect them to clear all of this. Which means the two 1.7m trades was someone else. Not also change of auditor here. CHANGE OF AUDITOR Huntsworth plc, the healthcare communications and public relations group, announces that following a competitive tender process for the external audit contract, the Company's Board of Directors (Board) has agreed, on the recommendation of the Audit Committee of the Board, to appoint PricewaterhouseCoopers LLP as its statutory auditor for the year ending 31 December 2016. As a result the Company's existing auditor, Ernst & Young LLP, has submitted its resignation. This change is with effect from 6 December 2016.
Thanks Gotrader, you certainly do your homework! I guess if Freud has sold out as you suggest, it is a sure sign that he does not think anything terribly exciting is going to happen to the company in foreseeable future. What gets me is how his buy was trumpeted in all the press but the sells are done more furtively! I wonder who the new buyer is? If AAM has sold out all should e revealed in an RNS......we should soon find out.
It will be interesting to see if we get any RNS here. I was suprised when we got none for the 9.75m sell. However doing the numbers now this is because the total voting numbers has crept up 200k. His holdings were exactly 3% on April 2016. With voting rights rising his share fell to 2.97%. So 100% sure Matthew Rupert Freud has sold up this year. We know Lake Capital Partners has sold up too this year. So 16.5M sell. We have also seen two 1.7M trades and 3 other trades recently 1.27m, 1.25m and 906k. All 5 trades appeared as sells. Can't prove they are all related to the same party. The timing of the first 3 is not coincidental. My money is still on Aberdeen Asset Management as the seller. With a new investor as the buyer. See article below. The fund is not having a great year. http://www.moneyobserver.com/our-analysis/can-aberdeen-asset-management-navigate-choppy-waters See what RNS this week brings.
2 more large trades. 1.7m or so each. So of same seller they could have 20m stock. Unless one trade was actually a buy?
I personally wouldn't buy more shares here. The trades today were all sells. The fund could still have more stock to sell forcing share lower. Don't rule out more late trades today. The pressure is still downwards here. I see no reason to buy stock here. You have given no real reason either? Save your money for other stocks. The Swedish operation will have 1-2+millions in costs. Paying off staff, lost revenues and write downs on the accounts and brand values. Rent still to pay on buildings. If this part of the business was making a loss then right to close it down. The costs for this will show up in next couple of years accounts. Let's hope the Swedish debts were not too big. 1 RNS today but not the one we expected. Could still get another RNS before 6.30pm. 52p is wishful thinking/
No predicted RNS today.......so far anyway. Yes, there is a bit too much 'wait and see' with this share. Did the Swedish operation contribute that much to company funds? Much better surely to cut off any parts of the company that are not performing to the required standard. 40p seems to be a reasonable fair value price......I really do not want to see it going back to 35p.......I had hopes of it making 52p by the end o the year. Dyehad has gone all quiet after an enigmatic 'strong buy ' recommendation. Maybe he knows news of impending doom and is trying to encourage me to buy more stock so he can have a good laugh at my expense!
The fact the directors are actively buying stock suggests the directors are not working on any deals right now. Not to say that won't change. Their buys have been regular but nothing huge. All around 40p market. The Swedish operation closing down was not great news. Are these fund trades timed because of that news?? Funds buy and sell for many reasons. It may just be they thought they could get a better return elsewhere. They may know of some bad market news? Have to wait for tomorrow. So far there is no obvious reason for this share to fall below 35-37p. It could be this big sell clears out the mystery seller dumping a few thousand shares a day. Then SP recovers. Other major Shareholders may now mop up some of the stock if viewed as cheap. See what happens.
Yes, he same idea came to me also. Why would anyone sell a large stake if thy knew of some good news in he pipe line? It may not be that there is dramatic bad news, but apart from the dividend , this is not the most exciting share in the galaxy. When the Chinese bought in at 58p I think I was, it looked like this company might have been a takeover target......but this is not looking very likely now. So was the stock sold at 37p? Who would the buyer have been? I personally am confident that the next results will show further improvement, but am a bit worried of stock market turbulence in 2017. If next year is bad for the world stock market, it will make little difference how well they have done. I need to invest right now for a good reliable and steady income. I have been watching Pheonix and Bats........do you have any favourites Gotrader?
One sale of 16.5m shares. Another buy of 16.26m shares. If I had to guess Old Mutual or Aberdeen Assets Management have sold a large part of their stakes. All the other major share holders had been increasing their stakes lately. It would also explain a lot of the recent sell offs here. Old Mutual reduced a small part of their stake in August. Expect the buy RNS early tomorrow or Friday. The sell one in late hours. It does not look good that 2 of the larger funds here have dumped their holdings in 2-3 months. Have to see if Huntsworth have a new investor or if an existing one picks up the sold shares. They had to drop the SP to 37p to make the sale happen. Perhaps once this is cleared maybe the SP will recover here. Thing is if the company was doing amazingly well why would they sell at all?
http://www.holmesreport.com/latest/article/trainline-hires-red-consultancy-and-steps-up-comms-efforts-across-europe Some client news for Red Consultancy. Only for the UK. Not seen many client wins for Red lately. 292k of sells today but share has nudged higher.
But yes they ARE paying a dividend 1.75p and it is nearer 4.4% and NOT as continuously inaccurately recorded on this site at 3.16. WPP has been a good investment over the last five years........but I take your point the PR market does seem subdued. The trouble is we only have the past to go on....by the time some great good news is announced the share price will have bolted.
No idea who dyehard is. I tend to go on facts rather than an opinion on here. Clearly not all parts of Huntsworth are doing well. The general PR market is somewhat subdued. Huntsworth share price reflects this. Note the timing of the director buys as the sp fell below 40p. Proping up share or is company doing well? Least they are paying a dividend.
Thanks for this Gotrader. I'm always grateful for your input, you are so up with events. However, we knew that Grayling was having to undergo major structural change........ and to dispense with areas of the company that are not profit making must be a step in the right direction. It is all part of the transformational process....which seems to be taking an eternity. I will be patient a little longer......especially as Dyehard believes the company is a strong buy!
http://www.holmesreport.com/latest/article/grayling-exits-sweden Things are not going so well in Sweden. Expect some job losses here and some costs closing this loss making part of the business. 880k loss last year. So maybe a good idea to shut this operation. Most PR firms in this area share prices are doing terribly. It's a crowded market and Huntsworth are just about keeping their head above the water. Are Huntsworth turning this around?? Takes more than 1-2 client wins to make me think that. I wouldn't throw thousands at one share. There are only 2-3 people following this share. DYOR.
Dyehard and I have not exactly been of one mind on this share.......but suddenly after a long period of silence and with no feedback on any other share he seems to have turned positive.....strong buy is his recommendation. The buying patterns do not seem to betray anything positive. I cannot imagine what has turned his opinion around.
You seem to be playing a very different game this time Dyehard. Well I sincerely hope that your strong buy recommendation proves to be correct for both of us. I have been unswerving in my support and belief in this company for over six years now.......and I have a large holding. I have no need to buy more. All I can say is that if good news lies ahead no one deserves to benefit more than me.....I have stuck with this company through thick and thin, when many a weaker holder would have capitulated. I am made of stronger metal......I think it was Warren Buffet who once said, if you make an investment decision to buy a company, stick with it and never sell. We all know that this advice in a number of cases could be disastrous.....but if one has done extensive homework before buying, then maybe that is right advice. I have to say that there have been many unexpected twists and turns in the history of this company.....but as I continue to maintain......the worst is behind us......and there has always been potential for great things to happen. We have crossed swords in the past [ all in good humour ,I hope] but I genuinely wish you good fortune!
Don't be so naive. https://www.handbook.fca.org.uk/handbook/DTR/
I am glad to read your change of heart Dyehard..........but are we just to take your word for it? Or are we do be given some reasons for your new found faith in the company?
Don't just hold, buy. This will be massive.
So good to see that Diehard has capitulated and come on board and is eating his words! Better late than never Diehard! So you think HUNTSWORTH is a strong buy do you? I hope you took my advice about buying Rio........you would be sitting on a nice little profit now and taking a juicy annual dividend. But I was disappointed that you were not prepared to put your reputation on the line and come back to me with similar good investment advice of your own. As for me......I will be away for two months in Burma and Malaysia.......just booked my club class flight with Etihad, paid for by all my profits and the anticipation of more to come. For the record I have sold 50% of my Rio holding......and am considering Phonix. I shall of course be holding HUNTSWORTH for moderate 2017 gains and the juicy dividend.
Don't miss out - this will be big.