The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I agree that once the special dividend is paid then the price should drop, perhaps not to the level we are expecting as the interested parties seem to be indicating some support for the SP. As we know what NAV is and what the numbers are from the annual report then we are in an interesting place. Perhaps to take out FTO is not in the owners interests as a UK listing could be beneficial..... The meeting and probable questions on the 25th should be illuminating.......... I just hope someone asks the right question (whatever that may be).... My holding remains intact and my trust is still in place. I only hope the latter is reinforced post 25/9.
Super dooper news ...... like the bit about the divi payout aim to pay 30% of EPS..... super dooper..... You can guess I'm really chuffed with this news ..... SP bottomed I reckon..... up to the giddy heights of 10p plus soon ....
Hi MrHopeful, attending the meeting on the 19/2 in Broadgate Mr Tee advised the meeting that the av price for the 7% holding in CGH (current FTO holding + FMax @ cos to FTOt.... consolidated for AGM time) is $4HKD......... We also know the CGH SP closed @ $7.74HKD. The latest exchange rate of £1 - $11.8057HKD ........ So ........ FTO are showing a significant gain on the CGH shares. We also know that the board are pressing for the status of the holding to change so that the valuation can be better reflected in the FTO valuation (Again one for the AGM subject to the auditors advise) Overall, I see this as an opportunity to buy low given the L&G sale..... Suspect that the next news will clarify both the Mamoming situation and Armenia....... it might also indidate work on a Hang Seng listing ......... Will the SP drop .... it might.... Once any smigin of news is released, the SP will respond with a jerk (up I hope).... You pays your mony you takes your choice ..... I have paid mine and I continue to add.
Well..... pitched in for quite a few late today. I also wrote to FTO asking for an RNS given the 20% drop. The way I look at it is that FTO have a current market cap of £153.83M and have just sold (subject to approval) the Gas business for $400M add to that all the other bits of worth (thinking of Blue Sky & the CGH shares) then we either have one hell of a disjoint between realisable value and mcap and a share that glaringly cheap (you make your minds up).... Perhaps peps in China are comming to the same conclusion... would save CGH a penny or two... or perhaps Sinopec or Bejoing Gas...next week reckon that we will not flatline ........
fwiw .... looks like a holder (insti .... perhaps L&G) has reduced their holding .... anyway its in the price now and looks to have cleared ..... probably linked to the recent RNS .... they must have holding rules ..... for me the SP is pretty damm cheap given the break up valuation ..... fortune favours the brave (buyers)....
Bit more difficult to buy sub 50p ..... still have a reasonable holding and have fingers and toes crossed that OCG have good news on the horizon. Poster on ADFN reckons that OCG might have picked up buiness in Aus....
Attracted to OCG having read the latest March presentation from the website. The SP is trading close to NAV and anticipate that there will be no more cash calls for a year or so ..... The BOD are promising a lot for this year and with 47.5% free float there is room for movement north. Dipped my toe in over the last few days and will accumulate below 50p. Reckon this has the potential for a significant spike up given last years rights issue @ 80p and the fundamentals are no different.....
Very healthy EPS reported above expectation. I did like the fact that HAT's reliance on GOLD is reducing and this will only increase over time. Divi increase should attract some support, not surprised to see a drop...... lots of small 'signal' trades back end .. dunno what the message is though. Suspect I will need to wait for a couple of weeks until the SP settles before adding. I do think that £4 is achievable though might take more than a few weeks. All in all very satisfied with the statement today and could not see any negatives.
Agreed on EPS being north of 40p... I have penciled in 44.5p based on first half and POG / all areas continued growth second half. I usualy prepare myself as a holder for the 'sell on news brigade'. This time and given the ABM price / HAT PE I suspect that £3.50 + is possible on results day and we should (subject to no surprises) see a steady rise moving forward.
See that the SP is starting to rise in line with ABM. House broker has a target of £4.15. Looking forward to the results early March.
http://www.guardian.co.uk/business/2011/dec/21/pawnbrokers-booming-amid-high-street-gloom
Superb ......... like the statement @ the end .......... The outlook for the Group continues to be positive. For the current financial year, the Board believes that the overall trading performance will result in full year profits being above the top end of current market expectations. Looking further forward, the Group still holds excellent prospects for organic growth in pawnbroking as the store estate is still relatively immature.....
EPS - Earnings Per Share should be above 50p for the full year, of this the dividend will be circa 10p (my estimate). Given you could buy these for £2.80 last week not bad.. (1,600 all I managed at this rate though). The results will be announced @ 7am and an analyst presentation @ Numis for 9.30am. Off to bed with me horlicks.. fingers crossed for tomorrow.
Up bright & early .... looking for profits north of £25M eps north of 50p. Key will be the 2011 estimates as a re-trace is factored in by analysts.....http://www.growthcompany.co.uk/news/1310268/golden-update-from-handt.thtml....... suspect we will have fun day tomorrow with lots of spikes in the SP.
Comments from CNBC this AM plugging HAT......................... http://www.cnbc.com/id/15840232?video=1834448776&play=1
Not surprised that HAT is close to my target of £3.40. The way Artimis is stakebuilding seems like we might get an offer sometime soon ........ like one of my fellow posters observed a proper decent company....... good growing divi , right segment. With QE2 about to launch suspect that anything tangible (that cannot be magic'ed up) will grow (ie GOLD).
Looks as if the smart money is riding on gold as there are plenty of non believers out there re the deflation argument. Looks to me that we might see a spike in inflation soon (2011).... just what the BOE is working towards ... inflating the debt away. HAT seems one of the safer ports to be in ......... Reckon it will hit £3.40 before year end. Time will tell if I am right.
Excellent results inc special dividend. Well done to all holders !
Could not get 220, lowest I managed was 229, then it shot back up. My average is circa 245 so thats me for now. Seems a good bet given that Gold is likely to rocket and the imminent 'bad news' budget. 300 is my target though some brokers are saying mid 300's. Just look @ the PE 6.78.
Looking to buy into HAT...... not yet though as it looks as if £2.20 might be a target ( once divi is paid )..... Cracking company in the right segment given the future of the UK economy post the election..... Also get the feeling that the GOLD price might have another 'spurt'.... I am sure that once this is on the rise £3 is a reasonable target....