Member Info for manfor

John Ions the CEO here has taken £40 million in compensation to enrich himself in the last few years while small shareholders have seen their shares completely collapse

Is this not completely inappropriate? or unethical? or improper?

How is this kind of thing legal?

https://citywire.com/new-model-adviser/news/gam-managers-slam-liontrust-and-call-for-sale/a2486431

“The GAM letter claimed that Ions has taken close to £40m in compensation since becoming CEO in 2010, including £17m in the last five years. This, combined with chief financial officer Vinay Abrol’s compensation since he took the role in 2004, totals an aggregate compensation close to 40% of Liontrust’s current market capitalisation. This level of compensation is unheard of in the UK, especially for a poorly performing small-cap company”

Excellent results

CET1 ratio increased to 14.3%

EPS of 27p for first 6 months for an annualized PE of less than 7

NAV of £9.80

It shows what a nonsense report it was from Viceroy

When the much weakened FCA scheme is published the share price here will probably be over £6

And if the FCA scheme is not changed the courts will decide what happens next

Very good results from STB and the shares are still very undervalued

Basic EPS for 2025 of about £2.40 giving a PE of only 5.5

Market Screener has a forecast EPS of £2.95 for 2026 giving a PE of 4.5 and a forecast EPS of £3.35 for 2027 giving a PE of 4

So with a PE of 4 it is very undervalued compared to other UK banks

NTAV has also increased by about 6% to almost £20

So price to NTAV is about 0.65

Growth of over 8% in lending and growth of over 8% in customer deposits

Cost to income ratio has also reduced by over 2%

Share buyback of £10 million or about 4% of Market Cap

Vehicle Finance business has also now been sold to simplify the business

Strategy for STB is now targeted towards growth and higher returns

With a forecast EPS of about £3 for this year, a more reasonable PE of 8 would give STB a share price of £24

Anything less than £3 will simply not be acceptable to the main shareholders here

If anyone attempted to build or replace these SPI hospitals and property assets today the cost would be well over £2 billion net of debt or £5 per share

And given the usual huge cost increases of any government / NHS projects, that figure can probably be increased to £3 billion or £7.50 per share

The population of the UK is constantly increasing, and so healthcare costs will constantly be increasing, and so the demand for these SPI assets will constantly be increasing

Even if there is no takeover in the next few days, eventually another bidder or PE or the government / NHS will buy these shares for their true value

Future is almost as cheap as Reach now

Both are very good value

Looks like something may be happening soon

The SPI hospitals would cost at least £4 per share to build and so anything less will probably not be accepted by the main shareholders

The NHS is also in such a mess that even they would probably be interested in buying the hospitals for over £4 per share

How much do you think the NHS and UK Government would spend on building 38 hospitals and over 50 clinics?

PE can also make a huge return on SPI at any bid price under £4.50

Risks seem way too high

Costs may be over 4 or 5 billion

It may never go ahead

And even if it did go ahead the corrupt authorities in Africa could take control of it

May be worth a small punt at 3p

The bid price given by Sky was £3.75

£1.5 billion / 400 million shares is £3.75

The main shareholders here will not accept anything under £3

The property assets alone here are probably worth over £4

“GGG from one calamity to another”

I am sure he will have another AIM listed “sure thing” within a few days and he will also tell us how much he has invested in it

I would assume that 500k is a very small investment for you?

But if it is a large investment for you is it not a little reckless or greedy of you to put so much of your family assets in to one share?

Laura

Yes I bought last week and I would expect any bids to be at a minimum of £2.75

I would also not be surprised to see the £3.75 or an even higher price that the bid of £1.5 billion mentioned by Sky would suggest

Assets like this are extremely rare

What would it cost to build these 38 hospitals and over 50 clinics now ?

The problem for Entain will be the rise of the Prediction Markets such as Polymarket and Kalshi

In a few years time traditional bookmakers such as Entain may not even exist

Fair value for Entain may be nearer to £4

Private Equity will probably consider an EV/Ebitda of 10x to be a reasonable price for the largest Private Healthcare provider in the UK which also owns hospitals and clinics that would probably now have a building cost of well over the current asset value

So 10x £270 million is £2.7 billion

The question then is what is the correct figure for debt that should be deducted?

I have seen various debt estimates of £1.5 billion down to £300 million

Debt at £1.5 billion gives a price of £1.2 billion for the equity or £3 per share

And debt at £1.1 billion gives a price of £1.6 billion for the equity or £4 per share

And debt at £700 million gives a price of £2 billion for the equity or £5 per share

So what is the correct figure for debt ?

So if the expected bid is £1.5 billion divided by 400 million shares or £3.75 per share

Why is the share price just over £2 ?

Y11

You said only yesterday if everything goes well HBR could actually x10 to £20 before 2032

And now you are saying £1.50

lol

Y11

Why do you keep trying to talk the share price down ?

Are you trying to get a lower price before buying ?

Your comments on here will not make the slightest difference to the share price

And AI will just tell you anything you want to hear

I assume that you know that you are just talking to a robot that is following your prompts ?

If you keep on feeding it positive information and questions it will tell you that the price may rise to £4

If you keep on feeding it negative information and questions it will tell you that the price may fall to £1.50

I prefer to listen to the oil analysts at brokers such as Jefferies with a current Price Target for HBR of £2.90 or Cannacord with a current Price Target for HBR of £3.20

Cannacord maintains a Buy rating on Harbour Energy with a price target of £3.20

https://www.theglobeandmail.com/investing/markets/markets-news/Tipranks/36654261/canaccord-genuity-sticks-to-its-buy-rating-for-harbour-energy-hbr/

Difficult to see any connection between HBR with 500k BOED and Kosmos with 60k BOED

The question was how did Chevron reach such a huge valuation of $55 billion for HESS ?

And what would a similar valuation look like for HBR ?

HBR and HESS both have a similar production of about 500k BOED

HBR has a Market Cap of about $4 billion

And Chevron has recently bought HESS for $55 billion

Can anyone here explain how Chevron has reached such a huge valuation for HESS ?

And what would a similar valuation look like for HBR ?

$20 billion? $30 billion?

And would it be safe to assume that any bid for HBR by a major oil company would be at a share price that is far higher than the current HBR share price ?

So can anyone explain this huge valuation for HESS ?

And what would a similar valuation look like for HBR ?

Stevo?

Sekforde?

Y11 said :

“I have this around 145 to 205 and a 4 percent dividend”

And earlier this month he said :

“I’m expecting HBR could reach around £2.70–£3.00”

What a joke!

At least try to get your story straight

And I say :

HBR will seek a US listing in 2026 and the share price will probably then be £3.50 to £4

Jefferies has a Fair Value Price for HBR of £2.90 but that is obviously without the US listing

So in summary :

A slightly reduced dividend will be more than compensated for by a big increase in share buybacks and a US listing that will value HBR at a far higher valuation than the LSE