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Not bothered about my measily 40000 shares, suppose I'd better start reading up about what happens to pension schemes transfered into the tender loving care of the government scheme!
Don't know - the vote is on Tuesday 20th. We wait with baited breath!
An ST report said that Morgan Stanley reduced target price from 370p to 300p citing problems on legislation and refinancing in Australia. Probably won't see 280p this side of xmas.
I very much doubt it as footsie 100 shares don't often increase 5% in one day. Can't say I'm too bother one way or the other as I've got rage against the machine blaring in my ears and by christ they're good.
Just falling out of favour at the moment I guess. It's cost me £800 but what the heck it's only money. Read Doubletake below from 9th August. This share has previous form on cycling around so I wouldn't worry too much. I'm in this one long term for the divis.
ok so what's happened here then?
Well next week should be interesting! I've cancelled my buy order at 0.9p as there's a good chance it'll go lower than that. Anyone prepared to speculate what it'll do tomorrow morning? If the value holds I'll probably sell because I've worked in a liquidations dept. and if there is a no vote the shares could well be worth somewhere around nothing as whatever is left will be taken by the liquidator. I wonder if this Paul whatever is going to block the restructure so he can try and pick up a few bits of the group that he wants at a distressed price?
Depends, the banks have effectively paid 3p per share but once it delists whatever shares you hold are tied up for as long as it takes for the management to sort it out and the banks to want to sell on a load of shares. That may be next year maybe in 10 years time maybe never! I've got a buy order in but it's at under 1p so I think it's probably going down bit by bit over the next few weeks as PI's realise that no one's going to make a quick profit and get out with whatever funds they can. It's a shame really because this company isn't the train wreck it appears to be and if you can wait then there may be a good profit at the end of the day.
ENK was posted as a sell on British Bulls yesterday. I've been trying to understand what their candlestick analysis is all about and looked to see if there was a cascade of sales this morning. Err, well there isn't so I think I'll put British Bulls and their candlestick in the trash can!
OK so I've just closed down a small loss making position on HYWD (not my fault I only used to work for them!) and topped up my investment here - any ideas as to how long it'll take these to reach £1.50 so I can get my £1k back?
It's a standard ploy when banks finance a management buyout to reduce management salaries and tie management remuneration packages into an increase in the value of the business. I don't know the details but I suspect the banks rational is the same. If my holding in HW was just the shares I'd probably vote no but I'm in the pension scheme as well and I don't really want that being transfered into the govt scheme just get. Any how the management can rest soundly in their sties (sorry beds) knowing that my 40k shares will be voting "YES". It'll be interesting to see how Barclays vote.
Wouldn't be surprised, actually would be surprised if my order got taken up at 0.9p. All those buys yesterday could have been because PI's hadn't factored in the delisting thing and how difficult it will be to sell shares post 23rd november. Expecting some spikes down between now and then and if my order is filled that will take my average below 2p which post dilution will be the equivalent of 20p and I reckon I can make some money on that. DYOR and GL
That's a sell at 1.25p I've got a buy order at 0.9, it may get triggered sooner than I thought!
It goes until one of the banks who now own the shares decides they want to relist. Could be in a years time or 10 years time.
Don't know, can't be sure. Not enough shares will be in private hands to support a listing therefore after 23rd Nov. (or whenever) there will not be an open market so you won't be able to sell your shares easily, thus, I believe, everyone who needs to sell will have to sell soon and that's going to depress the price. Everyones been buying today because they don't know there won't be an open market for all that much longer. I'm guessing that the bankers (Lloyds) who hold the shares will arrange for a relisting when they believe the company has recovered enough to make them some money. If I'm right and the share does tank I'll probably buy some more but it's got to be less than 1p to make it pay.
OK so what's wrong with poor old Stephen Rogers. If all the others have got their noses in the trough why doesn't he get any free shares - does he suffer from cronic B O or something?
Just been reading the detail and Barclays isn't involved in the bank syndicate holding the shares. Me and my 40000 shares don't count for anything but I'm expecting Barclays will kick up one hell of a stink. Basically existing shareholders get 10%, the bank syndicate get 80% and the useless band of t*ss*rs who got the company into this mess in the first place get 10%. Basically existing management get as much as the people who owned the company in the first place - good work if you can get it. The existing management are seeking to force it through at short notice by threatening that the the shares will be worth nothing if we don't agree to it!!!! As I see it I owned 0.0005% (or whatever) of a company worth £4mn and now I own 0.00005% of a company worth £25mn. Not a good deal. If you do own shares you've got 2 choices a) sell them for what you can get for them (I expect the share price will collapse again tomorrow, or b) write off the investment and wait to see what it might be worth in a few years time. I'm lucky I can afford the hit. Good luck to you all and I hope those who jumped in today can get out with their investment intact.
Judging by the market reaction not a good thing at all! I used to work for HYWD and hold £2k (now worth less than £1k) of shares but I've got a much larger stake in the pension scheme. The problem as I see it is that HYWD have been unable to agree borrowing terms with anyone but need a huge quantity of cash to carry on trading. The equation for the shareholder is based on the terms of the debt for equity swap and how heavily their stake is diluted. The basic truth is that HYWD is a basically sound business with basically unsound (IMHO) management. Once the economy starts to recover the share price should fly but will it fly enough to make up for this dilution. In short the answer is that it's hobsons choice and unless someones got £21mn to spare there's no alternative - again prima facie evidence of poor management.
Don't know if you've noticed it but the tide seems to be turning. It started small with good news being discounted and bad news being trumpeted. It's now spreading up the food chain and effecting the major markets. I'm expecting a major retrace, probably start with the banks. Time to batten down the hatches and not look at the valuation for a bit! I'm mostly holding cash so if this is a new bear market I'll look to top up at 7.5p and wait for the bulls to come out to play. Good luck all and keep taking the happy pills.
No it doesn't mean the shares are worth nothing it just means that there's not much trading going on