The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Here is the latest comment from the board about dividends, September 2014: "In view of the Board’s confidence in the long-term future of the Group, it has resolved to pay an increased final dividend of 5.0p per share (2013: 4.75p) despite the fall in profits for the year. The dividend is subject to approval at the Annual General Meeting. If approved, this will represent total dividends for the financial year of 8.4p per share which is in line with our previous commitment to investors. The final dividend will be paid on 13 November 2014." I am no expert but HSD has always maintained its top of the range dividend for the five years I have held the shares. I have taken a capital loss of 30% but have received nearly 50% in dividends. While the 20% up is not brilliant I think this is a determined company with good leadership and I am expecting the shares to pick up quite rapidly as the new plans start to give results. I intend to give them two more years.
Price down again and the spread is high at 7%. Will the divi be maintained at current levels??? If so then worth a punt and if it recovers then should be fine but a high divi% always worries me as difficult to maintain.
Sorry, I meant IFAs, getting my officers mixed up with my advisers...
A first statement for the year ending June 2015. It was published November but I am still catching up with the company: http://www.hansard.com/~/media/Files/H/Hansard-Global/pdf/reports-and-presentations/2014/hsd-q1-ims-7-november-2014.pdf? The bits about chargeable events and the outstanding writs always worry me but they have been included in many recent reports so the company presumably have it in hand. They seem to be trading profitably,with new IFOs coming on board.
and another thing, the market cap., is roughly a tenth of its total asset value.
imagine that this is more likely to rise than fall. Within the last 5 years, this reached 187.5 per share, and at one point had a dividend of 13.9 pence. So, although the share price has fallen and the dividend as well, I would expect both to increase over next couple of years. This still makes good profits and looks undervalued.
I guess this makes it a more risky investment but seems to be well off its high for the year and so maybe worth a punt. Divi cover is low so perhaps best to avoid until markest settle down.
Not that wide when you trade. 90.24 to buy and 89.25 to sell, only a penny. Reasonable.
So that is the reason... Do not be anxious. I have had a steady income of about 12% from HSD over the two years I have held them. I measure income by simply adding the years dividend to the years price increase on the 1st of April each year. I will post the percentage for 2014 to 2015 in April. The spread only matters if you are a trader manipulating the share to make easy money, rather than a genuine investor.
because the market hates to see any private investor make money. This is some sort of communist stock market, whereby all funds are drained away from private investors for having the audacity to invest. Crush socialism and communism and we would all be a lot better off!
why such a big spread?
Looks like SP at or near historical lows and so should be a good buying opportunity and a high divi % assuming they can maintain it?
During the year the Group implemented the revised Operating Model for Hansard Europe and has been successful in harnessing process efficiencies and reducing administrative headcount, as planned. The benefits of these savings have been outweighed by a number of non-recurring factors such as the provision of £5.0m in relation to the estimated potential liability and related professional costs for the breaches of Chargeable Event Certificate regulations that were reported in the latter part of the financial year; the effects of litigation settlements of £0.7m (2013: £1.6m) and by the charge of £0.7m (2013:£0.4m) taken in relation to the closure of Hansard Europe to new business. With the successful implementation of the revised Operating Model during the year, and a consequent reduction in headcount and administrative expenses, we do not anticipate a significant level of these closure costs in the future.
Hansard has risen considerably over the last week. Ex-div today and price dropped nearly 5%. Suggests some of the wealthier marketeers are using us as a short term cash cow. Ex dividend will mean further falls I expect. At least we have a good 5p per share from our own final dividends
Ex Div date 01/10/2014. Div/cash Thursday 3rd Nov 5.07p
I am wondering if it is the ex-dividend date this week. If so I would expect a similar rise at this time 2013. wwill have to see if there is a sharp fall early October.
Big rise today. Anone know why? Thanks
Likely to be 5p per share Paid on 13th November Ex-dividend date 1st October
http://www.hl.co.uk/shares/shares-search-results/h/hansard-global-plc-ord-50p/share-news Hopefully he knows more than we do.
Hiking rates will be a concerted effort by Central bankers around the world, I don't see it happening so soon in Briton as ECB reduced rate only a few days ago.
Hiking rates will be a concerted effort by Central bankers around the world, I don't see it happening so soon in Briton as ECB reduced rate a few only a few days ago.
Agreed, a stock which has always been very kind to me
Is here: http://www.hansard.com/news/media-coverage/2014/06-may-2014.aspx A confident statement but the HMRC chargeable Events settlements remain to be cleared and £3. million of writs are still outstanding. The dividend is promised to remain firm. I think this is a recovery stock if you can wait a year...
"Whilst dividend guidance has been restated, which we view as positive, uncertainty over the ultimate cost of the HMRC issue and the impact of the new sales strategy have led us to lower our target price to 105 pence from 130 pence and our recommendation to 'hold' from 'buy'," Panmure Gordon says in a note. I have been researching the regulatory problems at Hansard and think that there is little to worry about, but the above is worrying. i suggest 'buy' because the price has dropped so much, rather than anything else.
Forgot to say....got it! Just the guys presenting without showing the slides! Sounds like we goin for much more business in more countries initially concentrating on middle east! Great platform on internet just not enough business goin through it so goin to try and fix that over next yr or 2!