Member Info for johnpwh

Thank you Tony & PT. I can see the logic in what you say (applicable also to Pendragon). Also occurred to me that there is a threat to retail operations in longer term, in much the same way as has happened on the High Street. I see adverts on the telly for these 'sit on you backside, order and car will turn up on a trailer' operations.
On a more positive note, I can confirm that H3 was very buoyant for car retail - my daughter is an accountant and one of her number crunching friends is reasonably high up in one of the big chains (may even have been Lookers) and said the H3 turnover was spectacular. People like their cars, and they like new ones. I suspect that there is pent up demand.

My feeling is that after a good run the SP is a bit knackered and pausing for breath. Need some (+ve) news to trigger, of course that could be external to the company eg more announcements by Governments about ceasing ICE sales and the Lithium commodity price.

Don't blame you PT.
Not a shareholder here, but used to be at Pendragon. I decided in the end that (at Pendragon) the lack of Directors (including CEO) that stayed for more than minutes, and lack of director share purchases, wasn't for me. What does anyone think will happen here? I do have a friend with Lookers shares who isn't really an equity investor. What is going to happen here, and what price do you expect it to relist at?

The comment 100 before this was nearly 4 and a half years ago. Some smaller companies (with far less hope) get that every day! Never will understand this game.
Well, this voice in the wilderness will ask the question - what does anyone think of this share at the moment? i wont hold my breath for a reply any time soon!

Yes Belmopan. Without evidence to the contrary I do believe in 803 deaths. Or are you saying that the Government, scientists and NHS doctors who certify deaths are part of this grand conspiracy? Its sad enough but the worst thing is that tomorrows number could well be worse, possibly a lot worse.

Well said JMC69.
The so called 'long Covid' is worrying. Hope you are ok and recover fully. I got nobbled mid November - not by Covid but by a bike crash, breaking nose, probably ribs & fracturing my wrist. So much for keeping fit eh? Has left me very cautious about Covid, not sure why, sure a shrink would have a field day. Night all.

Numpty. You are just plain wrong. Do you think every country in the world has signed up to a conspiracy in a concerted attempt to bankrupt us all? 803 souls died in the UK in the last day , that number is growing daily. 803 people, think about it - thats probably more than the number of pupils in your secondary school - alive one day and lying motionless the next. Each day. Every day. Probably for weeks to come at that level. Please don't live up to your moniker

Added another 10k at 57.95 early doors. Well early doors for me, I tend to lie in bed drinking tea and eating shortbread - not much to get up for at the moment!

Indeed. To me this is a top drawer engineering company with real track record dating back a century and currently with interest in green tech. Look at the market cap of the likes of recent green tech company ITM, many times that of Ricardo but unproven with nothing like the depth and turnover - and not a dividend payer like RCDO.
i agree about the cars business but again surely the fact that the likes of McLaren are clients says something - and this dreadful virus is now approaching being controlled so car sales will improve, if not perhaps to their previous levels.
But down again today at the close. I suppose younger companies maybe don't have any defined benefit pension fund deficit issues. But I still don't get it. Its almost putting me off that it seems quality yet cheap compared to its peers.

I agree with Dave. Yes it hurts when it descends like this but put into context it maybe overshot a bit. There are some bonkers share price movements at the moment, companies with little turnover or history who just happen to be involved in green tech (I dont include BCN in that, we can see the value there). I fear a sort of dotcom bubble there.

triumph1
Just read your post and it made me smile. You are such a drama queen with a great way of making your point!

As a long term petrol head I was reading an article published by 'Autocar' on t'internet this morning, all about their top 100 British Cars. The write up on one car (forget which) mentioned Ricardo, a company I looked at a few years back but decided I'd missed the boat on. Surprised to see the current SP and its lack of late 2020 recovery considering its expertise and involvement in Green issues. Am I missing some downside here?

Ha! Got my eye on a nice little 2006 Aston Vantage 4.3 V8........

What about those of us already retired? What's in it for us?!

Dickbat. This is a discussion forum, not exclusively reserved for Hurricane fanboys. I have every right to post here, please feel free to filter.

I don't think the bondholders can stop the Board legitimately pursuing the business of the company even if it means a radical change in direction. Its a good question which i hadn't considered - the debt was secured against a business plan, so maybe they would have rights to challenge such a departure? I don't know!
Are the current assets worth much, and if they are sold what is left? Its hard to see with the bond price that the market thinks there is any possibility that holders can get their contracted terms satisfied. A lot will depend on the price of oil and whether the Board are forced into further capital expenditure to extend the period until the only current productive well runs dry (or should I say uneconomically wet!)

I agree Golden about renegotiating the debt being the best outcome for equity holders, if it were possible.
Surprised that the discount on the debt is 'only' 50% . Last information I had was that the discount was significantly higher than that. I certainly think that if I was going to invest in HUR at the moment it would be in the debt rather than the equity. 7.5% coupon while the Nationwide gives you 1% and a chance of doubling your capital in 18 months if contracted terms are met. What's not to like?

Goldenbadger
The current BOD have no axe to grind. They were put in HUR when it became clear that the fairy story propagated by Trices' puppet board couldn't be allowed to continue. I don't think anyone, not even the most bullish here, realistically believe Trice was correct and that the original huge reserves are still there. The Board are caretakers trying to stop the nosedive, find the truth and move HUR forward as a viable company if that is possible. The elephant in the room is the bond issue, and you can shout and scream at me all you like but it doesn't look promising because the bondholders are higher in the foodchain than the equity holders. Learn about bondholders, what their rights are, and then honestly ask yourselves the question - if I were a bondholder how would I react in 2022, how much sympathy would I have with ordinary shareholders, would I throw them a lifeline? They will put themselves first, second and third until they are repaid in full so don't believe otherwise

Debatable. Most people don't use their CGT allowance each year so it isn't an issue. Most AIM shares don't seem to pay divis so that isn't a problem either! But if invested for income (big oil, big pharma, utilities) Its obviously preferable to hold shares in an ISA wrapper. My own experience seem to be that the shares I put into a ISA are abject failures! And of course the sheltering from tax is a double edged sword - where as there is no worries about being charged CGT, there is no ability to use CGT losses incurred within the ISA wrapper either.

Generally withholding tax would be offsettable (if there is such a word) against tax liable in your own jurisdiction provided that double taxation treaties exist between the 2 countries - I think it more than likely that this exists between UK and Switzerland. Of course that would only be up to the amount of UK tax payable! Think you'll find lots on the internet.