I'm not going to comment on individual posters investment decisions as everyone has their own reasons, but from my point of view I'm very much looking forward to a very good 12 months ahead with hbr. Great fundamentals and low risk, in my view.
for those that are quite new to this board and owning HBR shares, you should be aware that this is indeed a "weird" share. So dont expect normal rules to apply at the moment The new normal may well be established after the share consolidation, and publication of the trading in June, divi policy announced ( hopefully at the same time) and those lovely people called "creditors" or is it "critters" ? have sold the 3bn (ish) of unwanted shares they were given at a huge discount to pay for the previous CEO's mishandling of debt affairs. July is when we ought to expect this share to be behaving . IMHO, obviously.
The former boss of Centrica is considering a £7 billion stock market float of his oil and gas empire that would create a new FTSE 100 company —
Hbr at least 50 % undervalued in comparison. Cant wait for re rate post agm. Hbr cheap as chips at 20p ish . In fact cheaper than chips !
I wouldn't bank in any of this being agreed any time soon by that I mean next 12 months. It took 4 years to sort out unitisation . Treacle, uphill, and pushing comes to mind . Roll on agm, trading update and overhang gone, divi announcement , more important issues over which hbr have control over. No one controls the Mexicanos.
It's all part of joining the big boys league. Hbr cant be taken seriously at 20p per share, . Good move and confirms bod are strategic thinkers positioning hbr for premier league status. Good timing too with trsding update due on same as agm to approve the consolidation. Smart.
Its about as nonsense as 30p "being nailed on "at launch when the sp went to sub 20p. Cant quite understand why there's such opposition to the view this sp is undervalued; nevermind, everyone to their own. Thought we were all on the same team.