Member Info for barchid

For better or for worse I just topped up at a tad under 260p after stamp & comm, a price I was not expecting to see tbh...

@Neversell

My apologies, I misread it (haste can be a terrible thing), it is of course the PE firm known as Harbour vest...

Thanks for the correction though

Regards

Harbour are appearing at an AJ Bell Investors Evening September 17 at the Novotel near Tower Bridge from 5pm, 3 other companies are presenting as well.

It is a no charge evening if it follows the previous events Bell have put on.

Agreed and remember that the cash on their balance sheet as of last accounts is about a third of their market cap, not many AIM stocks have cash, let alone that much.

@Fonda

How was last nights presentation ?

On the Investors page today on Harbours website their is an excellent Investor Presentation which is very well worth a look.

It covers pretty much everything as it is over 30 pages long.

@Kozmo

Agree with you, whichever way you slice & dice this stock it looks very cheap, but historically very volatile too.

My guess, FWIW, is that once this is established in the 100 index it will become rather less volatile as we can expect a different type of shareholder than you have in a stock which is below investment grade (which was touched on in todays rns). Onwards & upwards...

@Mary

And well done you too on your call that they could well go down to 292p last week, I have just topped up in the 280's.

What a trading stock this has been...

And today another confirmation of order by RNS, 2 in 2 days, most encouraging.

Much better than I was hoping for, a decent start to the week with this RNS...

Rudolph

I think you are correct but it is not a very easy TR to decipher (for me anyway), thanks for pointing it out

Having been "long & wrong" for a while last year it is pleasing to see the steady rise along with the market generally but it can still be bought (as of yesterday) on a discount of just over 10%.

With such a solid portfolio and hopefully a market which will continue to rise this seems a safe bet for anyone wanting exposure to markets and with a likely yield this current FY of circa 4.5%.

Another reason is yesterdays announcement of a reduction in management fees to a headline rate of 0.35% up to £1.1 billion & 0.25% thereafter.

This is about as low as we'd ever get and is certainly less than competitors in the UK income space.

@Bobby

I agree, UBS have sometimes shuffled holdings around their various accounts but anyway, if they did sell them someone else has bought them as there is no way the MM's would be holding a long position of that size on their books...

So now we know why they have been so weak !

TR today shows Matthew Grant (of the family who effectively control JIM) has reduced his personal holding from 14.09% to 6.25%.

Quite a chunk he sold, some of which he aquired when Mrs Grant died, apparently.

This may not be as ominous as it appears for any loosening of the Grant control could well be for the good...

@Mary

Yes motoring, but about as fast as someone with L plates on !

With this news we really should be higher, imho, but apart from conventional in & out trading I have always found this stock hard to predict in terms of momentum.

Surely now with the greater clarity the last RNS gave us the market will rise (if not surge?).

@justa...

I absolutely agree with you, this smoking diktat was a bolt from the blue and is certainly less than helpful with pubs already struggling post covid, the fear I have is that in order to show their credentials to their supporters the new government will raise the minimum wage as well as a hefty increase in duty on beers wines & spirits.

Presently the news focus is on CGT/IHT hikes but the old favourites might go up again this year and say that it is to help the nhs ?

Stranger things have happened in the past, so worth keeping it in mind, just in case.

SP is weak again today, is something going on behind the scenes?

Ominous though...

Once this is finalised, hopefully when the rns indicates, we will start to see the effect of the trackers coming in to buy, that should have a significant effect.

Indeed, an excellent way to start the week !

Mary/Tess

I totally agree, I thought these looked a steal at about 282 a few weeks ago, if they drop much further I'll top up again.

It has been a great trading stock this past couple of years and Oct is only 5 weeks away, their prospects with all their diversification is frankly mouthwatering...