Member Info for KNIGELK

A couple of shareholders objected but it doesn't mean it will be actioned upon. If it is for a good reason which benefit shareholders (on balance) I'll back it - lets wait and see.

9p paid!

Thanks. Im not sure about 5m being issued at 10p? The options are mostly circ 30p so not connected imo. Maybe acquiring a law firm to ensure inclusion into an ABS model is being considers or D4E? Perhaps they are considering that both an equity issue (at some point) alongside the Autofocus settlements will finally clear a large slice of the non fleet debt and remove £2-3 million off interest charges. I did email posters last week with several off thread points if u r interested?

Moving again

Thanks for this info. Perhaps a reduction down to (say) 120 days would be a decent medium term target?

I totally agree it doesnt look good but whether its down to a closed period wasn't made. I just said that in view of the trading profit compared to the significant loss same period last year isn't it time the directors purchased some shares? Personal matter was reply and Mr Ward stated in had some which he brought at a far higher price. However it was noted and prob on the minutes so lets wait and see if they have got the message or whether theres a good reason why they have not been able to...

Up 10% - more contracts perhaps?

At last, some decent buys ahead of the AGM! Might be time to add back in...

You are correct, Helphire is No 2 in the marketplace with 25 branches within 4 hours of any incidence/accident within the United Kingdom. Im just sitting back and waiting for developments now Don't forget the banking facitilies are in place to Dec 2014 so getting debtor days down closer to 100 days is the key to pushing dowm the non fleet debt pile. Fleet debt will move up and down in line with hire day movement

It depends on your risk profile. If you like higher risk shares and DYOR here and think HHR is on the gradual road to recovery then it might be a share for you. Factor in market uncertainties and regulatory changes against poss corp action and continued progress. Its not an easy choice but since I'm already in here, I'm sticking with it for the foreseeable future.

The AGM went well with questions on debtor days, director pay, net receivables, director share purchases and the next 12 months. BOD stated insurers want to pay claims but not "nonsense" claims and the company was better organised. 9/10 customers give HHR a good rating and customers want choice in the car hire market. HHR was still No 2 in the marketplace dispite new entrance. OFT review - already know that only £10 of car insurance costs relate to credit hire so unsure the imprecations for the industry. No new director to be appointed atm and nothing to read into the resignation of the previous week. There is better collection and validation and HHR is reviewing how to sit best in the right regulatory enviroment. No basic salary increase for 4 years and bonuses related to key internal performance targets. The company was ready to adapt to changes during the next 12 months and options include inclusion into an ABS model. I felt the BOD were open and provided reasonable replies to questions ask.

As I stated debtors days are falling because historic old cases have been resolved and a few written off while the majority of newer claims are being settled within 90 days due to more efficient protocols within the company and agreements with insurers. Dont forget new long term contracts have been signed on better terms and although referral ban may result in reduced cases, the AR states HHR expects a net benefit to the group. I can understand a "hold" rating especially if no developments happen until February results and the fact Schroders have been selling all year (not just the last month) and have now stopped. Why Henderson has started? Perhaps to benefit from the recent spike but they dont hold too many to effect the share price for too long imo. I will be really surprised if the SP went back down to 1p but obviously nothing can be ruled out with this share

I just checked and yes, my average is now 1.51p as quite a few of my shares were brought around 0.8-0.9p. I am confused - you will continue to hold the shares and add more if sp goes back to 1p - but rate this a strong sell? Did you get my email on Friday re two reasons to hold on? The newer claims are being settled within 90 days thanks to new protocols in place and debtor days are falling...if this continues then net receivables will also fall and so will the non-fleet debt! The CEO has been in the job a year and I really feel see is getting on top of the company with cleaner claims etc. What will move HHR forward? 1) Hire days stablising (tick) 2) Debt falling (tick) 3) Adapting to the new regulations and moving into ABS model (half a tick) 4) Good relationships with insurers (tick) 5) Dealing with the new competitor in the marketplace (half a tick). I just dont understand esp with Autofocus an unknown factor you can change your mind to strong sell? (but still hold the shares)

Thanks, I only asked due to email of few days ago...good luck, who knows, it might be perfect timing!

Henderson, not sure because Friday and today there were several 100k, 150k and 240k sells within a few minutes of each other. I suppose if there's a holding RNS we will know it was them and if not, that it was a private investor? Did you decide to add?

STY did the right thing by moving into other sectors as 11% of shop space is now vacated. Order book is 22% higher for 2013 than this year too. It just seems the share price is stuck at this level for the time being

What does this actually mean??

No comments on the RNS?

I expect volume to lessen now post agm but I dont expect us to go back to pre spike days of just 1/2 trades and no comments! lol I also expect we will hear some developments before February results as the changes to the PI referral ban take place next April so the company better decide soon whether inclusion into an ABS model is a goer or not. I'll provide a summary of the AGM later today.

Were do you get £800k from please? The current options are exercisable at 30p so worthless atm. It was suggested at the agm that any new options s/b circ 15p not 2p to prove directora believe in the turnaround story.