HR Owen Share Discussion Threads

[darias] 20/1/2014 11:39

Glad we did not take up the chinese offer. Did the previous board act in the interests of all shareholders or their own interest when they recommended the offer?

[nickg2] 03/10/2013 15:04

People buying over 170p?

[woodwards26] 13/9/2013 10:11

Eazy you could be right

[turnerpa51] 13/9/2013 08:46

Yes thanks. Board approves just waiting for Hargreaves Lansdown to set up the corporate action so I can accept it.

[woodwards26] 12/9/2013 21:31

Well done turner

[turnerpa51] 12/9/2013 17:44

Got 2 holdings showing a very nice profit could buy a car with it! Waiting for Board's response.

[woodwards26] 12/9/2013 17:38

Wow 170p I sold too soon as usual!

[nickg2] 12/9/2013 15:43

Increased offer to 170p.... WHOOSH! Straight up!

[eezymunny] 12/9/2013 15:38

Very nice. Good luck to all holders here. I reckon CFYN is worth more than double the current market cap if you compare various metrics CFYN v HRO.

My thoughts here...

[nickg2] 12/9/2013 14:56

Increased offer to 170p.... WHOOSH! Straight up!

[woodwards26] 10/9/2013 12:15

Yes raid mine too shares are a small part of but currently hold Aviva . Sainsbury. Tesco .Rsa ins. Morrison and a risky proteome sciences. Constantly watching occasionally holding Vertu , lookers and h r owen as I spent my career in the motor trade and understand their business.Tho retired is the best business to be in !

[turnerpa51] 10/9/2013 11:48

Well I agree with what you say but I have often sold too soon also and as they doubled the div I'm hoping there's more to come but I don't expect much short term. Still it should be a safe home for my pension fund for a year or two at least. Although said fund is now being raided from time to time now I'm retired.....

[woodwards26] 10/9/2013 10:20

I agree as to the long term.but short term i would only hold now if I thought the bid would be increased to say 145 to 150 or above . Otherwise I would sell today and buy back in the hrs after the bid lapses and the share could possibly drop to 105/115 and then over the next year a climb towards £2I would say that as I have sold but I do so often sell too soon !

[turnerpa51] 09/9/2013 12:19

Holding on to shares as this is a specialist company in a reviving car market paying increased divs, who could ask for more?

[woodwards26] 07/9/2013 12:03

Yes sold mine but still watching tried to find out any history of bj take Ives before to work out there strategy but couldn't find anything . Looks like they just keep extending hoping price will drop to 120s . I s difficult to read I had thought they would come back at 150 but couldn't resist selling at 148 . If they pull out and the price drops to 110/115 they hurt themselves .so maybe they are just extending till price drops sufficiently enough that a bid of 145 to 150 will be accepted . The key is bentleys stake would they want to sell at any price with a new model in the pipeline which will have significant nos sold by HRO.Long term they will move towards £2 IMHO but if bj walk away could see me getting back in.All just the meandering of my own mind and a little experience through similar situations.Is just bj,s modus operandum is an unknown unlike similar situations eg lookers various spats . And Ryland back in 2000

[nickjoseph] 06/9/2013 13:47

Very quiet here and shares have the handbrake on. Not accepting this offer. Waiting for closing date and a better offer for these shares to motor even further . Good luck out there.

[turnerpa51] 26/7/2013 10:15

Interesting post thanks:-)

[eburne1960] 24/7/2013 21:54

Yesterday's Telegraph:

Comment
HR Owen
143½p-2½
Questor says AWAIT DEVELOPMENTS

Luxury car dealership HR Owen rebuffed a takeover approach last week saying the offer was "inadequate". Questor agrees with the board.

HR Owen is a mostly London-based luxury car dealer selling brands such as Bugatti, Aston Martin, Ferrari and Bentley. The group sells new vehicles and spares but is also ramping up its used car business. The company's clientele are wealthy and its stores attract many rich car collectors.

Last week's bid came from a Philippines-based investment group called Berjaya. The group built up a 29.8pc stake in HR Owen by buying in the market last month, before launching an unsolicited offer at 130p a share.

However, the offer was at a premium of just 7.4pc to the market price.

"The board believes the offer by Berjaya to be inadequate and at a level which materially undervalues the company," HR Owen said, as it urged shareholders to take no action.

The offer came a few days after the retailer issued a trading update in which it said full-year results were going to be ahead of market expectations.

The company, under chief executive Joe Doyle, has been focusing on turning around its used car operation. In the first half of the year the unit saw volumes up by almost a quarter on the prior year, with an improvement in margins. There will also be a £300,000 pension credit in the interim numbers to give them a further boost. Last year, revenues rose 26pc to £243.5m and pre-tax profits, stripping out exceptional items, jumped 44pc to £2.3m.

The luxury car market globally has proved buoyant, with the UK no exception. The increasing contribution in its used car business is good news and the group has been investing in its customer offer, particularly in systems.

The shares have doubled over the past year, which is probably why Berjaya thought it could get away with a low premium. Whether it returns with an improved offer remains to be seen.

Prospects for the business remain sound and the board are unlikely to engage without a substantially better offer, in Questor's view.

With the shares trading on a 2013 earnings multiple of 21.4, falling to 16.5, shareholders should hold on and await developments.

[turnerpa51] 24/7/2013 19:59

Good company IMHO just worth holding on and enjoying the results

[phoenix1234] 23/7/2013 12:20

Buy HR Owen at 140.5p

[felix99] 17/7/2013 15:11

Guess its upto Bentley what they decide to do - would like to think they could squeeze out another 10p or so at least

[robotface] 17/7/2013 13:23

Yes, its almost at current price

[eburne1960] 17/7/2013 13:19

Bid! seems a bit mean??

[turnerpa51] 16/7/2013 13:00

Great update today on RNS up it goes again!!!