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I have only recently invested here and in fact added to yesterday so have nor followed this company for long. I too noticed you point so we seem to have no way of knowing whether the transaction was at a profit or loss. I have read on their company page that they are restarting dividends but cannot find any dates . Do you know any ? I emailed the company yesterday on their investor page asking this question but early days for a reply. I dont know as yet how good they are at investor relations. From what I read though the company seems to have the right ideas re growing the business......if they can get the prices right !
Good point, although the book value the mention normally related to to non-income generating land for housing/building that wasn't producing income at the time of sale.
Another sale announced.Probably good news, but noticeable that no mention of how the sale price compared to value in the books, as with previously announced sales.
Thank you Ribeye, much appreciated.
Share price will only rise if discount narrows,which is a function of sector discounts,and specific views about the ( short-term?) prospects for HWG.Perhaps they need to make themselves more attractive to investors.They could get the divi to Market level or get the NAV.I have high hopes that the new CEO/ CFO will bring a more ruthlessness and bite.
Hi tickhilltim - I look at 'book value' as confirming the NAV, which is 40% greater the market cap......it underpins the SP nicely.
Hi Blownout - Download the VOX market app, and set up alerts on your watchlist.
I get the RNSs to my phone.
New investor here. Does anyone know if Harworth do email alerts for rns news, etc? I emailed them but no response to date.
Ribeye,this is a hard company to appreciate.It does not attract the usual REIT income seekers because the dividend is embarrassingly pathetic.And as to capital gains,the share price is the same now as it was 5 years ago.Not good if you are a LT investor.But,you did well if you got out in Feb! New CEO/ CFO and board members might do good stuff,but selling assets at book value adds no value unless the proceeds can be reinvested into assets with better capital enhancement/ income generating possibilities at a good cost.Jury still out on this,but I also share your view that this could be a winner and the downside is minimal.
Looks like another significant sale of land for housing in today's RNS. That £33m land sales for nearly 800 houses at or ahead of book values!
Also £26m spent on Saturn Park in Mersey side with a rental yield of 8% and development potential.
The lack of interest on here and the other place is also interesting.....no pumps, no dumps......what's NOT to love?
Little bit of a land sell in Doncaster - 0.6 cares for a Burger King!
https://www.insidermedia.com/news/yorkshire/harworth-group-sells-land-for-drive-thru-restaurant?utm_source=yorkshire_newsletter&utm_campaign=yorkshire_news_tracker&utm_medium=property_article
Lots and lots of buys this am with prce ticked down still.
Nice 40k director buy yesterday too.
Significant RNS today - that looks like a good bit of business. £26m spent with a rental yield of 7.7% and development potential for the land into the bargin.
Flying UNDER the radar....despite a positive IC comment last month
Most of the board have chucked in 10 grand or more, and Lynda has now put in £70k.
She's got some skin in the game. Nice to see, and good luck to her.
I agree HWG is undervalued, Land assets look pretty strategic, new CEO chucking in some modest bung and low rent delinquncy because the let units aren't retail.
The prospect of post covid stimulus in the north and with housebuilding is the icing on the cake.
Nice to see the director buys
Taken an opposite view to you DaddyAIM, I think the RNS was very positive when contrasted to the severe drop already built into the share price. The outlook looks bright and so it seems like a good idea to buy in, take the dividend payments and wait for a sp recovery in the mid-term
Disappointing update... I am out ! good luck to other holders.
Who believes historic NAV figures?
Rent collection is very strong at 95%.
Liquidity has improved over the period, with net debt at £69.2m and a net LTV of 11.7% based on December 2019 values. Liquidity of £67.5m comprises £7.5m of cash and £60m of undrawn facilities. could easily be worth 130p based on NAV
A good rise.
Later this week, I think development/ northern powerhouse will be one of the main themes and HWG should benefit nicely.
Harworth should be perfectly placed to benefit from the governments infrastructure plans.
Buys outrade sales by 4:1 but price down over 5%.
Can anyone explain that?
Are prices not order driven?