Hardy Amies Share Discussion Threads

[ladybird1] 26/7/2008 12:28

Double post.

[ladybird1] 26/7/2008 12:28

As you say, very cheering, pf.

As you know, Phillips has options to subscribe for 20.8 million shares @ 2.89p, which he bought from poor Tim Maltin. However, these expire on 03/12/08.

Buying 1 million for his pension fund now when he could wait till December & get them at the same price looks odd, but no doubt he has his reasons.

Hopefully others might be encouraged to buy a few as a result.

[pictureframe] 25/7/2008 17:46

Very positive - 1 million excercised at 2.89p ;0)

[chancer6] 25/7/2008 15:37

WYT 8trader - next week it will be at 20p and not 5p as today.

[8trader] 25/7/2008 12:16

Impressive william !

Buy 52594 for 1.2p and dump them for 1.1p within 80 mins..lol..

idiot plop

lol

[falkirk2] 25/7/2008 12:02

are you buying some 8trader is that your 8k.very hard too buy with iii.10k max v sell 150k@1.1.

[falkirk2] 25/7/2008 11:58

thought it was a 200 quid pot .buying begins.30 grands worth at double the current share price ain bad must be worth far more than 3p.5p+.tnx again for the great news 8trader your the man

[8trader] 25/7/2008 11:52

Do you think sitting in a Scottish library logging in and out all day
with "retailer2" and "falkirk2" posting lies is going to fool anybody
into buying this stock ?

All your lies on FTS and you dumped a hour ago :-))

52594 shares, desperate ramping on your £600 pot !

[falkirk2] 25/7/2008 11:46

you just brought me here 8trader tnx .rns just out director buys 1 mill @ 2.89 are you blind as well as stupid.

[retailer2] 25/7/2008 11:38

nice rns director stumping up 30 grand.

[retailer2] 25/7/2008 11:08

dip in from his own pocket

[seizetheday] 07/7/2008 09:07

boscolane - 27 Jun'08 - 19:09 - 1027 of 1029

...Foreign licencing agreements seem to be doing well.

Are you sure bosco? Please read below from results. Ok you are talking about agreements, I am talking about revenue.

Licence revenue in 2007 actually declined marginally compared to 2006, from £745,733 to £705,105.

[ladybird1] 27/6/2008 19:21

We seem to be in mutual agreement. Hope to talk to you all - in cheerful mode - in 6 months or so, as pf suggests.

[pictureframe] 27/6/2008 19:13

Some good points - my brief analysis is come back in 6 months ;0)

[boscolane] 27/6/2008 19:09

Very fair assessment Ladybird. I am also taking it that the womens range is being scaled back apart from the house in Saville row.
That does pose a question about the future of the Fulham shop which wasn't mentioned.

I also agree with you that cutting losses at this stage is a good thing. The right downs will eventually be lost from the figures improving the bottom line considerably.

Foreign licencing agreements seem to be doing well. Partnerships abroad look like prospering and with saville row driving revenue the outlook looks promising. I agree that debt needs looking at but I don't see this as a huge problem at this stage. AREV still seem financially supportive and hopefully in 12 months there should be further progress made by the company asuming the economy doesn't go completely 'belly up'.

Good talking to you Ladybird. I suspect it will all go into hibernation for a while now.

[ladybird1] 27/6/2008 18:36

bosco

I'm sure you're right on both counts

Certainly it will be a long haul. The debt burden is now very heavy & at 10% over base makes bottom line profit a fair way off. I am sure they would have liked an equity injection to clear debt & take the company forward, but trading conditions & now the results will keep the share price where it is medium term, so no choice.

That said, Maunders' concentration on EBITDA is entirely right in assessing the state of the company's progress. They have shown they will stick with it & I agree that if they show real progress, they will be able to get an equity issue away in 1-2 years, clear the debt & move away. Meanwhile, I would suspect they will need yet more loan funding later this year, with the new shops (& the interest to pay!).

One point. I read the RNS that they are giving up on the women's range, other than couture in the House. Not perhaps entirely clear from the wording, but perhaps you might revisit? I think that is so.

In fact, I take that as a plus. I am impressed by Maunders bluntness in accepting the failure of the women's range is entirely the company's own fault & the willingness to cut losses (also presumably sacking Brunning?) & concentrate on the successes.

All-in-all, put away, forget about & perhaps a nice surprise in due course, tho' it is now, as you very rightly say, a long term punt at fairly long odds.

[boscolane] 27/6/2008 17:28

Brunning was not available today, in fact he has probably already cleared his desk. I am taking a 1-2 year view on these. I still strongly believe that if they can get the womens wear right there is every chance the comapny can be very successful internationally.

[ladybird1] 27/6/2008 09:02

From the wording, it looks rather that he is being held responsible for the women's wear fiasco.

[boscolane] 27/6/2008 08:50

I suspect its cost cutting unless they replace him of course. Perhaps one of the other directors will take on his duties. I might even ask him.

[bungler] 27/6/2008 08:46

Brunning leaving? Does anyone have any ideas on the significance of that? Otherwise hey - at least we're still in there fighting!

[boscolane] 27/6/2008 08:45

Shame about the womenswear but real progress looks to have been made. More losses this year is to be expected i suppose but there are some very encouraging signs. Nigel Bruning going is a shame but will also save money.
The house in Saville row is doing very well. A good time to take a stake in the company I reckon.

[ladybird1] 27/6/2008 08:01

double post

[ladybird1] 27/6/2008 08:01

At a brief glance, better than imagined, pity about the women's wear, note the additiona £1 million loan needed to keep going.

Back to the bottom drawer. As bosco put it so well, at least they're not bust yet.