The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
either somebody needs cash fast, in which case there could be considerable selling pressure when the new shares are admitted (tomorrow) which could take the price even lower ....or....someone's expecting imminent good news and wants to take advantage of the resultant price rise, in which case some selling also but at a much higher price. No other reason for converting to equity from debt which, even unsecured, is safer and pays interest.
now less than 1/2 the price TW was recommending them at several weeks back, and he was then targeting over 100p. Hmm....about time his company issued a more accurate explanation of how their figures were compiled - or get an independent broker to comment. But they won't want to do that cos it costs, and they don't want to have to explain their own figures because it makes them look slack. But they are and the sp is suffering because of it. Get real, guys, a lot of shareholders are feeling stuffed with this share, put it right.
There's a presentation 08 Dec, organised by the brokers, Nic Snape will be there, anyone who lives nearby and got money in here, why not pop along. http://t1ps.com/shop/page-event/event_id-10
According to at least one analyst the numbers don't add up too well in spite of all the hype. Go to the ADVFN board and do some back reading, I was going to to buy into this myself esp after seeing the director buys, but changed my mind after digging deeper. Make your own mind up though.
Get their broker or better still an independent to explain their forecasts, where the moneys going and how they're going to accumulate the cash suggested, then there might be some buyers, me amongst them depending what they say. But not until. Let them drift.
Great news for holders if its moving up but new buyers take care to look at the numbers on this one and make sure you're happy with them, take a look at iii board. Its been ramped by its paid broker who also own shares and the projected figures don't make sense. Better to wait till there's some independent analysis imo.
Over 6% now. But the rise only came today, not Monday with the numbers or in July with the update. On that basis when HVN put the umbers out end Sept can we expect the same? My son works for STHR, at last mthly dept meeting they had more jobs than applicants on his sector for the first time since Feb, I think recruitment is on the up, even UK, and HVN is still on a very modest rating.
Well spotted ali, I was disappointed in their results to be honest I hold in the low 20's but on reflection they weren't so bad and if and when they get the mix with cake sales right they should move up. Reinstating the divi would be a bonus. Premium cake sales might be hard to crack with a couple of tough years ahead.
Well spotted rollo, Michael Page has also updated the market this morning with growth Asia Pacific, US, less so UK but overall positive. HVN are under-valued.
Agree with chandley and hallmark STY sp seems low, might get further clue about mkt conditions on Friday when HVE post (bad) results, they will also outlook the year ahead which is the interesting bit.
considering all the selling this past week which presumably the mms had to soak up, it seems odd with fairly low volume why would they mark the price up so sharply. I'm a long holder and happy to see the lift, maybe results will be out earlier than expected.
Browsing through earlier comments, I don't think we could expect to see jubilation. Its a Scottish co, prudent board, they've stayed consistent and got on with the job, better to signal cautious optimism and glow if things work out better than over do it and get shot down. I think they'll move into the low 20's then take a breather. Actual results and details of the cost of their bank support keenly awaited. I've bought in the 30s and recently at 11, I'll break even at around 20, if the sp overshoots madly next week I might try to take a small profit and buy back when it steadies down but I'm not trader and never get the timing right, so more likely I'll hold, not much chance of seeing single figures again and excellent long term upside.
looks like barclays have reduced very slightly from just over 12% to just under. In early Feb they held 11.08% so they must have increased for some reason and then pulled back a bit, difficult to follow these rns's, could be made much simpler, but I don't think it means anything just trimming. Thank goodness for the Easter hols give this share a breather, then not long after should get results and some clarity.
I still can't see the 7-10m loss scenario, the directors know their company better than us and their 12 Jan statement clearly says ''Overall, the Company anticipates that the Group's results for 2009 are likely to be significantly below current market expectations, although it still expects to report an operating profit before exceptional costs and interest.'' With exceptionals and interest, does it really amount to over 7m loss? Here's another view from ADVFN, terrible board to navigate but some interesting views:- 5wiss_tony - 30 Mar'10 - 12:06 - 1067 of 1069 Barclays have increased holding recently, standard life may have pulled out because the fund was an annuity based fund looking for best income return, which at the mopment can take the hit on the capital because thats what everyone expects. You also need to be wary of people trying to dumbfound you by double accounting losses already signalled, expected then reported do not add up, you take the reported. This is being shorted quite heavilly so a lot of posters will stand to gain if they can convince weaker holders to sell. I for one am happy to hold a short position on a stock, but don't try and scare off priviate investors when I do short a stock. Losses expected to be below 5mil, all exceptional in nature so a nice clean slate going forward. I doubt they need to raise capital just yet, their costs are approtioned to work in hand and therefore minimal if the work reduces, they have cut costs recently and that should be enough going forward. 28% long term liabiliteis can afford to extend to 45% without raising eyebrows so don't worry too much about the company for the future, they are quite strong given the pounding of the last couple of years. Give them a call and ask about your concerns, also meantion the Lloyds contract and try and gleen what you can about that, the more people who ask the more likley it will get a mention in dispatches
A loss sure but 7m? They expected an operating profit before exceptionals and interest as of 12 Jan, what would the exceptionals and interest be, 4.5m? Would have thought a loss nearer 3m maybe less, and with a better year ahead I'm hoping they can pull through.
Last Thurs Construction News reported HVE as one of 4 national contractors awarded 360m of upgrade works for lloyds tsb over next 2 years, there's a post on ADVFN with a link. I don't think lloyds would be entering into contracts with firms about to go bump, they would have required credit checks and assurances. I hope I'm not wrong.
2 late rns's today, looks like standard life have given up and sold out.
Think today was just low volume and mostly red, couple more weeks and results should be out, might move smartly then, question is do you wait for them or take a punt, I bought last week at 10.5 and 11.25, think they'll pull through
They issue results early next month, I'm waiting till then, just in case, already hold at a substantial loss but I'll add if I like what I hear, I think they'll recover but dyor.