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They issued that on 9th June Rule 2.9 In accordance with Rule 2.9 of the Takeover Rules, the Company confirms that it has in issue 178,916,643 ordinary shares of no par value ("Ordinary Shares") and admitted to trading on the AIM Market of the London Stock Exchange. The International Securities Identification Number for Stanley Gibbons Ordinary Shares is GB0009628438.
Looking at the volume, anyone aware of the broker buy note, would be interested in seeing rationale,,,
Think a good buy, a lot of break up value will get down to stock of stamps etc, perhaps 10~s million Great British Pounds (they don't have to sell it straight away) , hope the BOD's are safeguarding these for the business and shareholders, lighter to walk away with than currency notes or gold,,!
I have to agree, looks like it has been milked of the last drop of cash, also think the BOD talk a lot of bull and don't actually crack on with things, if you take a look at Manas Resources they are doing stuff in the Kyrgyz Republic, they don't seem to have the issues of rebels on horseback, shame we did not have the right people involved in the project.
Interim Management Statement For the period from 31 December 2012 to 15 May 2013 ASSET MANAGEMENT DRIVES SOLID OPERATIONAL PERFORMANCE AND CONTINUED PROGRESS WITH THE GROUP'S STRATEGIC OBJECTIVES Capital & Regional plc, the specialist retail property company, today announces its interim management statement for the period from 31 December 2012 to 15 May 2013. Highlights · Solid operational performance in the UK Shopping Centre portfolio: · Occupancy up 0.9% year on year to 94.6% · Footfall has outperformed the national index by 1.3% in the year to date · Stable rental income across the Group's UK and German assets since 31 December 2012 · Ongoing progress with active asset management initiatives: · 14 new lettings secured, including two significant leases to TK Maxx and All Star Lanes now open at Great Northern unlocking the centre's potential · Eight lease renewals agreed and 31 rent reviews completed · Planning approval granted for The Hub leisure concept at Redditch and three out of four restaurant units already under offer, with Nando's as the anchor tenant; 16,000 sq ft gym under offer to Pure Gym · Planning consent granted for the £8 million reconfiguration of Waterside Lincoln; lettings agreed with Next, H&M and New Look who will anchor the centre and help to create the city's premier fashion destination · Successful programme of non-core asset disposals continues with sale of Hemel Hempstead at an advanced stage · Group's continued deleveraging achieved with a £17.4 reduction of Mall debt and proceeds of £30.6 million from the sale of X-Leisure.
9 May 2013 NOTIFICATION OF INTEREST DISCLOSURE PURSUANT TO SECTION DTR5 OF THE FSA DISCLOSURE & TRANSPARENCY RULES On 8 May 2013, the Company received notification that Henderson Global Investors has an interest in 47,839,383 Ordinary shares of 1p each in Capital & Regional plc. This represents 13.68% of the issued share capital of the Company. END
NOTIFICATION OF INTEREST PURSUANT TO DTR 5 AND DTR 3.1.2 OF THE DISCLOSURE AND TRANSPARENCY RULES DTR 5 On 1 May 2013, Capital & Regional plc (the Company) received notification that Parkdev International Asset Managers (Pty) Limited had transferred their shareholding of 73,064,197 ordinary shares in the Company, representing 20.89% of the issued share capital, to PDI Investment Holdings Ltd, a Mauritian GBC 2 company. In addition Parkdev Investments (Pty) Limited have also transferred their shareholding of 9,441,413 ordinary shares of the Company, representing 2.70% of the issued share capital, to PDI Investment Holdings Ltd. PDI Investment Holdings Ltd, Parkdev International Asset Managers (Pty) Limited, Parkdev Investments (Pty) Limited, Pinelake International Limited and Clearance Capital (Cayman) Limited together with L Norval and N Haasbroek and their interests in trusts are all connected parties. The total shareholding of all these parties is 102,427,163 ordinary shares in the Company which represents 29.29% of the issued share capital. DTR 3.1.2 Capital & Regional plc (the Company) received notification on 1 May 2013 pursuant to DTR 3.1.2 of the Disclosure and Transparency Rules that the Directors' interests in ordinary shares of 1p each in the Company remain unchanged from the above transaction and therefore continue to be as follows: Beneficial holder Beneficial holding % of issued share capital of the Company Louis Norval 102,427,163 29.29% Neno Haasbroek 102,042,913 29.18% ENDS
large trade of 8,941,413 went through at 33p, any clues
Interesting - Inchcape acquired Trivett an Australian motor company in late Feb for £78m cash, the luxury part of the business seems similar to HRO network selling top end Bentleys, Rolls Royce, Aston Martins and Mclaren. Trivett have sales of £390m and EBIT of £12m plus some freehold properties, though bigger defo makes HRO look undervalued in comparison, makes me think a large conglomerate like Inchcape could look to pick up HRO and find some synergies and economies of scale across the two groups in Sydney and London. Inchcape have a mcap of £2.4b so to take HRO out at 40 or 50 mill would be peanuts and a no brainer with limited downside. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11494537
lots of small buys, any clues why
Realtime Quote H.R. OWEN PLC ORD 50P Bid 67p Offer 72p
30 October 2012 H.R. Owen Plc Interim Management Statement and Trading Update The Board of H.R. Owen Plc issues the following trading update for the period from 30 June 2012 to 29 October 2012. The Board is pleased to report that the positive momentum generated during an encouraging first half performance has continued into the second half of 2012, with the Company trading ahead of management's expectations. Accordingly, the Board expects that the full year profit at the trading level will be ahead of current market expectations. We continue to enjoy a strong balance sheet with positive cash balances ahead of budget. For further information please contact: H.R. Owen (020 7245 1122) Joe Doyle, Chief Executive Mike Warren, Finance Director Halkin Communications (07904 680 547) Sara Batchelor Charles Stanley Securities (020 7149 6000) Marc Milmo, Carl Holmes
Interesting article in tonight's London Evening Standard ... and make sure it has space to park your new £151,000 Bentley It has a top speed of more than 200mph and costs the equivalent of a south London flat — now one of the world’s most exclusive cars is about to go on sale in London. The Bentley Continental GT Speed — the fastest ever made by the company — will be at the Salon Privé car show in Syon Park, the Duke of Northumberland’s 200-acre estate in west London. Motoring critics and wealthy enthusiasts have been salivating over the vehicle since it was unveiled at the Moscow car show last week, but the Salon Privé will be the first time it has been exhibited in Britain. It can do 0 to 60mph in only four seconds, and its six-litre twin-turbo engine has a top speed of 205mph. However, it costs £151,100 plus delivery and registration fees. Despite the hefty price tag (and lack of London roads to go at full throttle) customers are already gearing up to pay for the vehicle. Joe Doyle, chief executive of HR Owen, which operates the Jack Barclay Bentley franchise, said there was strong demand for the GT Speed. He said other popular top-range vehicles included the new Ferrari FF, a four-seater which sells from £227,000, and the Lamborghini Aventador, which costs from about £215,000. Describing his customers, he added: “It’s a broad church — entrepreneurs, wealthy people in London, maybe a few people from the City and then international customers who have homes in London. “We do have celebrities and football stars and pop stars but they are a minority. What draws them together is they all love cars. “Do you need a new Aston Martin, a new Lamborghini, a new Ferrari? No, you don’t. You buy it because you love it.” http://www.standard.co.uk/news/london/superrich-from-overseas-flock-to-buy-homes-in-london-8102381.html?origin=internalSearch
Last years numbers were out on the 22nd August, so hopefully out this week
I noticed Lookers recently bought some VW/Audi dealerships in Scotland for £15m cash, the dealerships had a profit before tax £0.7m, with gross assets of £36.8 million and net assets of £5.3 million, kinda makes me wonder why HRO are getting marked down on no volume when there current market cap is getting very close to the cash they hold, does anyone know when they have their interims out
Company H.R. Owen PLC TIDM HRO Headline Result of AGM Released 15:23 18-May-2012 Number 21521-2314 H.R. OWEN PLC A Public Limited Company Registered No. 1753134 The following resolutions were duly passed by Members of the Company at the Annual General Meeting on 18 May 2012:- ORDINARY RESOLUTION That the sale on arm's-length terms by the Company's subsidiary, Broughtons of Cheltenham Limited (`Broughtons'), of a new Aston Martin Virage, on or about 6 January 2012, to Joe Doyle, a director of Broughtons and the Company, be affirmed. ORDINARY RESOLUTION That the sale on arm's-length terms by the Company's subsidiary, H.R. Owen Dealerships Limited (`H.R. Owen Dealerships'), of a used Rolls-Royce Ghost, on or about 25 January 2012, to Jon Walden, a director of the Company, be affirmed. ORDINARY RESOLUTION That the sale on arm's-length terms by the Company's subsidiary, H.R. Owen Dealerships Limited, of a used Rolls-Royce Phantom, on or about 17 May 2011, to Jon Walden, a director of the Company, be affirmed. ORDINARY RESOLUTION That the sale on arm's-length terms by the Company's subsidiary, H.R. Owen Dealerships Limited, of a new Ferrari California, on or about 9 May 2011, to Adrian Martin, a director of the Company, be affirmed. ORDINARY RESOLUTION That the rules of the H.R. Owen 2012 Long Term Incentive Plan (the "Plan") produced in draft to this meeting and, for the purposes of identification, initialled by the Chairman, and the principal terms of which are summarised in Appendix 2 to this Notice of Annual General Meeting be approved and the Directors be authorised to: a. adopt the Plan and to do all such acts and things as they may consider appropriate to implement the Plan; and b. establish further plans based on the Plan but modified to take account of local tax, exchange control or securities laws in overseas territories, provided that any shares made available under such further plans are treated as counting against the limits on individual or overall participation in the Plan. ORDINARY RESOLUTION The directors be generally and unconditionally authorised in accordance with section 551 of the Companies Act 2006 (`the Act') to exercise all the powers of the Company to allot shares in the Company and to grant rights to subscribe for, or to convert any security into, shares in the Company (`Rights') up to an aggregate nominal amount of £3,935,290 during the period commencing on the date of the passing of this resolution and expiring at the conclusion of the next Annual General Meeting of the Company or on 30 June 2013 whichever shall be the earlier, and provided that the Company may at any time before such expiry make offers or agreements which would or might require shares
Just thinking out loud, If they are not paying divi's to shareholders, another positive step would be for HRO to use some of the surplus cash to buy back a few shares, it would make good commercial sense if they don't want to commit cash to the business in the current business environment.
I have to agree Bumpkin, its good they have the purse strings tight and appreciate they are keeping the costs under control, I think they like their comfort zone, when what they need to do is sell a few more motors, if they paid us tuppence a share,it would relieve them of only a short half million. Out of interest, does anyone know the beneficial owners of Shelton Holdings LLC who have a 21.15% interest, was this the Ozzy guy who showed an interest in bidding for them a few years back, also may I assume only one market maker trades as they seem to get marked up and down when only scraps are traded.
Company H.R. Owen PLC TIDM HRO Headline AGM Statement Released 12:00 18-May-2012 Number 21032-26A1 Trading Update The H.R. Owen Chairman - Jon Walden - will make the following statement at today's AGM: "We are pleased to report that the Group has made a very positive start to the year and that profits are currently ahead of internal expectations. New car sales have been particularly strong. We have increased market share within all of our franchises, with notable performances from the Ferrari, Lamborghini and Rolls-Royce businesses. As already announced, in March the Group surrendered the lease of its former Alfa Romeo premises at Parsons Green in return for a cash sum of £315,000. This receipt will be shown as an exceptional profit from discontinued businesses in the Group's 2012 results. The Group continues to control its working capital levels carefully, and has substantial cash balances in hand which have increased from £7.2 million held at the 2011 year-end to £12.4 million as at the end of April 2012." Information: H.R. Owen (020 7245 1122) Joe Doyle, Mike Warren Halkin Communications (07904 680 547) Sara Batchelor About H.R. Owen H.R. Owen has evolved into the business it is today over a period of nearly 70 years. We operate a number of vehicle franchises in the prestige and specialist car market for both sales and aftersales, predominantly in the London area. These cover fourteen sales franchises and fifteen aftersales franchises for Aston Martin, Audi, Bentley, BMW, Bugatti, Ferrari, Lamborghini, Lotus, Maserati, MINI, Pagani and Rolls-Royce. We have a long and prestigious history and can trace our foundations back to the formation by Harold Rolfe Owen of a dealership selling Bentley and Rolls-Royce cars in 1932. More information about H.R. Owen can be found on our website http:// www.hrowen.co.uk.
Good to see a director picking up a few shares H.R. OWEN PLC ("The Company") Director Shareholding We have been notified by Joe Doyle, a director of the Company, that on 28 December 2011 he acquired 40,000 ordinary shares of 50p each in the Company at a price of 66.5p per share. 30 December 2011