Member Info for Carllapos

You say that about events companies. But If you look at Hyve, they’ve raised enough capital to see them through to 2023, which obviously won’t be needed. Currently sat at circa 93p. Pre covid was 1000p, but about 350P when you factor in the massive dilution.

So this has triple bag potential with relatively low
Risk given their cash position. I’ve got 25% of my portfolio in them at 88p.

Good info. There’s no reason that card won’t return to a good profit, especially if they get the right CEO in to take their online offering to the next level. They’re a company that like to pay dividends. So
If they can turn a profit and resume dividends in 12-24 months, then we could be looking at 4x the current SP. this is a share of patience though, there’s no doubt about that.

Which should hopefully mean it will rocket soon enough.

Not only that, when they start paying dividends it will also push the price up much further as it attracts funds.

Check out stoockepedia, you should find out all the info you need on there regarding dividends.

G money....you can be sure that the day you sell is the day it will rise! Ha ba if the fundamental reasons you invested haven’t changed, why would your investment. Sometimes it just takes longer than expected.

Card are pretty solid fundamentally and well poised to recover well and surpass dec 2019 levels. Currently seems undervalued and when it moves, I expect it to be sharp and north of 60p.

As Buffet said, the stock market is where the patient take money from the impatient

A combination of a Brexit deal and a decent trading update in jan, and you’d like to think this will be north of 50p.

What update is doe next week? I can’t see anything pending?

Surly the may/June movements were being triggered by the rights issue though, so can’t really draw comparison.

I’m well invested here now, but we have nothing to suggest what the floor/support level will be given the recent lows. Could he 80,70 60!...it looked like it was 90p last week.

I’m just working on the basis that they have enough cash to survive so logically the SP will bounce back at some point. But anything could happen between now and then as rolling out the vaccine globally will be far from a smooth affair.

I agree with some of what you’re saying, but I think you under estimate how hard it is to force shareholders to sell. I believe 90% must be owned before you can force such a thing. Just as VW did with Audi recently. Even then, it’s usually an offer well above the current SP.

So, even if your theory is correct, I’d suggest that PI’s would still stand to make a windfall at the current SP and no such offer would be this side of 100p.

From a fundamental point of view, I’m struggling to see why BWNG would be worth any less than pre pandemic levels and the current OO is going straight on the balance sheet. A return to dividend payments should result in a large jump north.

Honestly, I don’t think so. I sold out initially at 56p when the announcement was made as I thought we’d see a drop to the 40’s, but the SP has remained strong. To my mind, I think we would have seen any impact on SP already, the OO isn’t at a discount, so that wouldn’t hold the SP artificially high whilst people get in on the action like a discounted RI might. So if anything, I’d suggest that the OO is holding the SP artificially low. Unless future trading updates are poor, I can only see an upside here at the moment.

Davwel,
There is no way they could have taken it private when it was 15p. Many investors were down in a big way so it would never have received shareholder approval. At best they could have added a small amount to their holding.

The OO isn’t “just underwritten” by them. It is clearly engineered to have a low take up so that they can hoover up the remainder and have a controlling share in the business. They know at 57p the OO offers no discount off the open market price, so no real incentive to be taken up.

That being said, I don’t think they have any interest in taking this private either. They want a controlling share at a rock bottom price. This will be north of 150p within 3 years and their investment would have trebled. Taking it fully private is a ball ache.

It’s all to do with the cut off date. As long as you held your shares in that day, you’re free to sell them after that date and still be involved in the share issue.

Regarding the wider market, I would agree. Brexit has been keeping the brake on the UK market for over 4 years now. If a deal comes good - which I still think logic will prevail and a deal will be done- then that 4 year cloud of uncertainty will be lifted and money will flood into the UK market.

A good friend of mine operates in the events industry, much smaller scale than these guys but he operates out of London and holds contracts with a lot of the big hotels such as the Dorchester.

I spoke to him last week and he said his corporate clients are chomping at the bit waiting for restrictions to be lifted. So the demand is still there for events. It was him saying that that got me
Looking here.

I have to agree, this looks like a very attractive proposition. My only concern is that they operate globally, so their revenue could be hampered for some time as not all countries will exit this pandemic at the same speed.

That being said, their future is secure with the cap raise, so you really have to say that their recovery is a WHEN and not an IF

Scrap that, I’ve found the info. That was quite a cap raise!!

Hi all,

Hyve has come up on my radar as I now start looking for medium term recover plays. But I’m playing catch up. Would someone kindly be able to tell me what the share dilution ratio was for the June capital raise?

I think you’re right. Another RI is on the cards for sure. We’ve always known that more capital would be needed.

I’d email that to investor relations Prof.