The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
"Why isn't Shore on the Major Shareholder List of HCP?" It is! At 21.9% it is the major shareholder.
Don't get too hyped up about good news in the offing. IMO the Board are playing this stock in a negative light and I don't expect the June figures to put too much of a positive spin on this.
You are right - Shore didn't sell out. In fact they bought a load of shares from large investment companies and increased their stake considerably. Now just shy of 22%
There has been a strange history over the last few years. The historic price of 100p was way over valued. Then a crash, as happened with a lot of shares at the time, followed by the Barca contract collapse. After that it appeared that someone was deliberately undervaluing the assets, bricks and mortar & business worth, of HCP. There have been several tree shakes and to my mind it seems that someone has been trying to achieve overall control of the company at the expense of us little guys. My view for a couple of years now is that these shares will go to at least 8p and possibly achieve somewhere near to their true value of over 20p. This might not be in the short term, but I'm prepared to sit it out especially as I bought the bulk of my stock at around 0.6p. I advise anyone looking at this share to extend their research to company reports from at least 2011.
I've said this before. But please look back at the accounts of the last four years. Around 2 years ago the HCP Board used a different method of accounting and wrote down the value of their hotels to zero based on a contract going bad. That has been overcome and yet the hotels are still valued at zero. If the hotels were re-valued at what they were before this share would be 20 - 30 pence each.
Dump 140k shares, cause price drop, then buy 300k shares at 0.2p less than you sold the 140k for.
My opinion is that someone is undermining the share price to frighten us little guys into selling. Shore still need a few more shares to re-gain control. Hold tight is my advice but DYOR as always.
Shore Capital didn't up their stake in their own company for nothing.
The pattern has just spread out a bit more. They buy 100k one day and sell two or thee days later, but the accumulation continues. Keep holding is my opinion. We'll see 8p soon enough.
Buy a few, sell a few less. Accumulating shares whilst ensuring the price doesn't rocket. Softly, softly catchee monkey ;)
Whoever is buying these shares, probably Shore aiming to complete a reverse takeover, is steadily accumulating them by adding 100K or more then selling two or three tranches of 20 - 30K to keep the price low. If you look at the differences between these buys and sells you'll see that the buys always outweigh the sells. This has been going on for weeks and until we get a RNS advising of the shareholder's stake we will see a steady rise in SP for the time being. Once that RNS is issued, and it can't be long now as major shareholders are legally required to inform the Stock Exchange of any additions or reductions in shares, we will see the price rocket.
250K buy at the death. My addition was much more modest. Maybe somebody is getting impatient?
.......for today's little rise. Thought I'd top up a touch more.
I think the interested party is just accumulating a few more shares where they can. Drop 30K in the morning to drive the price down, buy 130K then drop another 30K to steady the ship. Could go on for a while, but we are still moving upwards. Play nice now treacle LOL
Shore are an investment company who managed investments for clients. One of their funds was called Puma. Shore also c0-own a hotel chain also called Puma. This is the Puma that HCP co-own with 50% of the shares.
Ah canna hold her Captain. she's gonna blow! Hold tight chaps.
I don't know who sold to whom. But Nortrust are still showing as holding 19%, just less than Shore on the data.I would love to see a two-way battle for HCP.
If Nortrust Nominees were the ones buying Pershing's shares? Hmmm!
The SP dropped dramatically when Barca who were responsible for much of Puma's business backed out of the contract. This unsettled the private investors and because of the uncertainty that dragged on for months the SP wallowed just above 1.5p for ages. There was a sudden and unexplained 50% drop a few months ago that triggered my Stop / Loss order. I bought back at 0.6p and have added some more since. While all this was going on Peel Hunt were selling and re-buying tranches of shares to try and create volume (see historic RNS).
Hipete69, a new member suddenly appears trying o undermine this stock. Why? Well, look back at the recent posts and if possible look back at the share dealings over the last three weeks. Somebody has been buying tidy 25, 30 and 50k tranches sometimes just minutes apart and usually after causing a drop in SP by dumping a few thousand shares prior to buying more back. As has already been said; there is little free float in HCP. Most of the shares are in corporate hands and were bought at between 30p and 60p in the good times. These large investors aren't going to sell their shares at 3p or even 8p. They want more and that means that any bidder wanting to acquire enough shares to mount a takeover needs to get their shares of us little guys. Hence the de-rampers like hipete69. FACT: Puma were valued at over £400 million less than three years ago. Check HCP's accounts for 2011. That value hasn't substantially altered. £400 m divided by 50m shares is eight quid per share. Hold tight and wait for the outcome is my advice.