Share Name Share Symbol Market Type Share ISIN Share Description
Harvard LSE:HAR London Ordinary Share GB0000130756 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 45.00p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Leisure Goods 61.2 0.9 0.7 64.3 23.01

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Date Time Title Posts
13/4/201221:30Harvard71.00
31/7/200908:56Harvard-
31/3/200607:58HAR HAR - Laugh all the way to the bank.1,227.00
10/12/200400:31last bastion of british fashion looking to list on aim2.00
21/5/200408:31Urbium about to buy Jamies from Hartford ?3.00

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DateSubject
12/4/2012
12:46
topvest: Looks like this deal is not going to plan - the share price indicates that the deal is off..should find out sooner or later.
10/10/2011
16:43
topinfo: Get in there.....45p in cash. *DJ Harvard International PLC Statement re. Possible Offer (END) Dow Jones Newswires October 10, 2011 12:36 ET (16:36 GMT) Copyright (c) 2011 Dow Jones & Company, Inc. TIDMHAR RNS Number : 9185P Harvard International PLC 10 October 2011 For immediate release 10 October 2011 Statement re Possible Offer NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION This is an announcement falling under Rule 2.4 of the City Code and does not constitute an announcement of a firm intention to make an offer or to pursue any other transaction under Rule 2.7 of the City Code. Accordingly, Harvard Shareholders are advised that there can be no certainty that a formal offer for Harvard will be forthcoming, even in the event that the pre-conditions set out in paragraph 3 below are satisfied or waived. Possible Cash Offer for Harvard International plc ("Harvard") by Geeya Technology (HongKong) Limited ("Bidco") a wholly owned direct subsidiary of Chengdu Geeya Technology Co., Ltd ("Geeya") 1. Introduction The directors of Bidco, Geeya and Harvard are pleased to announce that agreement in principle has been reached between Harvard, Geeya and Bidco on the terms of a Possible Offer for the entire issued and to be issued share capital of Harvard by Bidco, a wholly owned direct subsidiary of Geeya. Geeya reserves the right to implement any Offer through another of its wholly owned subsidiaries if it so chooses. The pre-conditions set out in paragraph 3 will be required to be satisfied or waived prior to any Offer being made. This Announcement is made under Rule 2.4 of the City Code and does not constitute an announcement of a firm intention to make an offer or to pursue any other transaction under Rule 2.7 of the City Code. Accordingly, Harvard Shareholders are advised that there can be no certainty that a formal offer for Harvard by Geeya or Bidco will be forthcoming, even in the event that the pre-conditions set out in paragraph 3 below are satisfied or waived. 2. The Possible Offer If the Possible Offer proceeds, Harvard Shareholders would receive: for each issued and to be issued Harvard Share 45 pence in cash The Possible Offer would value the entire existing issued share capital of Harvard at approximately GBP23.1 million and would represent a premium of 100 per cent. to the Closing Price of Harvard Shares of 22.5 pence on AIM on 27 September 2011 (being the last Business Day immediately prior to the date on which Harvard announced that it had received an approach from Geeya that might lead to an offer for Harvard) Any offer for Harvard would be subject to terms and conditions customary for a recommended offer subject to the City Code and would also be conditional upon the approval of Geeya shareholders. The Harvard Directors, who have been so advised by Investec, have indicated they are supportive of unanimously recommending the Possible Offer. In providing advice to the Harvard Directors, Investec has taken into account the Harvard Directors' commercial assessment of the Possible Offer. Commenting on the Possible Offer, Mr Zhou, Chairman of Geeya said: "We are delighted to announce the possible acquisition of Harvard, which, if it proceeds, would represent a significant step in the implementation of Geeya's strategy to expand our geographical presence, gain retail exposure for our set-top boxes and benefit from the value of Harvard's brands. We look forward to working with Harvard's management and employees to finalise this possible acquisition." Commenting on the Possible Offer, Ms Bridget Blow, Chairman of Harvard said: "The approach from Geeya represents an attractive opportunity for shareholders to realise a substantial premium to the current share price and recognises the value of the company's brands (such as Goodmans) and its investment in STB technology." 3. Pre-conditions to the Offer Announcement The issue of an Offer Announcement by Geeya or Bidco pursuant to Rule 2.7 of the City Code is subject to satisfaction or waiver of the following pre-conditions: i. the unanimous recommendation of the Harvard Directors of the terms of any such Offer, having been advised by Investec that the terms of such an Offer are fair and reasonable; ii. the receipt of all necessary approvals from regulatory authorities in China relating to the Offer, including the following: o project approval for outbound investment from the Development and Reform Commission of Sichuan Province in China; o approval for outbound investment from the Ministry of Commerce of China at provincial level; o approval for the remittance of foreign exchange out of China from the State Administration of Foreign Exchange of China; and o approval of the Possible Offer by the China Securities Regulatory Commission. iii. the receipt by Geeya of irrevocable commitments from the Directors of Harvard in respect of their entire beneficial holdings of Harvard shares to accept the Offer; and iv. the approvals of the Offer by the board of directors of Geeya and the Geeya shareholders at a general shareholders' meeting of Geeya. Geeya reserves the right to waive any of these pre-conditions, but even if all of these pre-conditions are satisfied or waived, there can be no certainty that a firm offer will be forthcoming. On 28 September 2011 Harvard announced that it had received an approach from Geeya that might lead to a possible offer for Harvard. On 19 September 2011 changes to the City Code took effect relating to the requirement for a potential offeror to "put up or shut up" or obtain a deadline extension following a possible offer announcement. These changes require that by no later than 5.00 p.m. on the 28th day following a possible offer announcement (i.e. 26 October 2011) Geeya must, unless the Panel has consented to an extension of this 28 day deadline, announce either a firm intention to make an offer or that it does not intend to make an offer, in which case the announcement will be treated as an announcement to which Rule 2.8 of the City Code applies. Geeya has informed Harvard that obtaining the regulatory consents referred to above may take 4 months from the date of this announcement, or potentially longer. In light of this, Harvard confirms that it currently intends to approach the Panel for an extension to this deadline in due course. This deadline will only be extended with the consent of the Panel in accordance with Rule 2.6(c) of the City Code. Where the Panel consents to an extension of the deadline, Harvard shall make an announcement setting out the new deadline and commenting on the status of negotiations between Harvard and Geeya as well as the anticipated timetable for satisfying or waiving the pre-conditions to Geeya Bidco announcing a firm intention to make an offer. Every effort is being made by Harvard and Geeya to ensure that the period in which regulatory consents are obtained is as short as possible. 4. Information on Geeya and Bidco Geeya Geeya is a public company admitted to trading on the Shenzhen Stock Exchange in China. Geeya manufactures and supplies digital television network equipment and its products include a full series of digital TV products from head-end to terminal-end, including digital television support systems and consumer digital appliances, including digital set top boxes. Geeya was founded in 1999and is based in Chengdu, China. As at 31 December 2010, Geeya had consolidated total assets of RMB809.9 million (approximately GBP79.4 million) and reported a net profit for the year ended 31 December 2010 of RMB53.8 million (approximately GBP5.1 million). Geeya's current intention is to finance any Offer through a combination of its existing cash resources and bank facilities. Bidco Bidco is a newly incorporated Hong Kong company formed for the purpose of potentially making the Offer and is wholly owned by Geeya. 5. Information on Harvard Harvard is a public company admitted to trading on AIM (trading symbol: HAR). Harvard operates within the global consumer electronics market focusing on added value digital vision products, such as TV set-top boxes and recorders, targeting specific local market opportunities such as the UK's popular, free-to-air TV services. In addition, Harvard markets a range of accessories for Apple's iPod, iPhone and iPad products in the UK under the iLuv brand. It is also a major supplier of digital vision, radio, and other personal consumer electrical products in Australia. Harvard has comprehensive product development, procurement and logistical operations based in the UK, Hong Kong and China. 6. Reasons for the Possible Offer Geeya currently sells its existing products to Chinese based businesses and has very limited experience of product exporting and no previous retail experience. It has, however, recently been seeking to expand its geographical presence and gain retail exposure for its set-top boxes. The Possible Offer presents an opportunity for Geeya to address both of these strategic aims as Harvard has strong business links and significant sales with retailers in both the UK and Australia. 7. Current trading of Harvard In its annual report for the year ended 31 March 2011, Harvard reported a profit before tax of GBP0.9 million on turnover of GBP61.2 million and had net assets of GBP19.6 million as at 31 March 2011. 8. Support for the Possible Offer by the Harvard Directors The Harvard Directors, who have been so advised by Investec, have indicated they are supportive of unanimously recommending the Possible Offer. In providing advice to the Harvard Directors, Investec has taken into account the Harvard Directors' commercial assessment of the Possible Offer. 9. Background to and reason for the Harvard Directors' support for the Possible Offer In May 2011, discussions commenced between Harvard and Geeya. A meeting between the Chief Executive Officer of Harvard and the Chairman of Geeya in July 2011 subsequently lead to proposals from Geeya for the Possible Offer. (MORE TO FOLLOW) Dow Jones Newswires October 10, 2011 12:36 ET (16:36 GMT) Copyright (c) 2011 Dow Jones & Company, Inc. If the Possible Offer proceeds to a formal Offer, it will provide an opportunity for Harvard Shareholders to realise their investment in Harvard at a significant premium to the current market price, payable in cash.
28/9/2011
14:18
topinfo: DJ Harvard International PLC Announcement of Possible Offer TIDMHAR RNS Number : 1228P Harvard International PLC 28 September 2011 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION PRESS ANNOUNCEMENT FOR IMMEDIATE RELEASE 28 September 2011 Harvard International plc ("Harvard" or "the Company") ANNOUNCEMENT OF A POSSIBLE OFFER UNDER RULE 2.4 OF THE TAKEOVER CODE The Board of Harvard notes the recent movement in the Company's share price and confirms that it has received an approach from a third party, namely Chengdu Geeya Technology Co. Ltd., which may or may not lead to an offer being made for the entire issued and to be issued share capital of the Company. The Board would like to emphasise that discussions are at an early stage and there can be no assurances that such an offer will be made. Shareholders of Harvard are urged to take no action at this time. A further announcement will be made in due course. The attention of shareholders is drawn to the disclosure requirements of Rule 8 of The City Code on Takeovers and Mergers (the 'Code'), which are summarised below. Enquiries: Harvard International plc Tel: 020 8238 7650 Bridget Blow, Chairman Mike Ashley, Chief Executive Officer Investec Tel: 020 7597 4000 James Grace Rule 2.10 Requirement In accordance with Rule 2.10 of the Code, Harvard confirms that, as of the date of the announcement, it has in issue 51,275,685 ordinary shares of 10 pence each (excluding ordinary shares held in treasury). The International Securities Identification Number ("ISIN") number of the ordinary shares is GB000130756. Disclosure requirements of the Code Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any paper offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and,
21/1/2006
09:38
spekky: Daily Mail page 111......80% of readers will take it as a cautious tip.Nice to see some press on HAR.However there appear to be a couple of anomalies. Forty four outlets ? ( I dont think so unless its franchises included )"The Pharmacy folded and Hartford sank to penny share status." ( it was penny share long before that ) Still, I'm quite fond of "Peel Hunt expects debt to fall fast and says the earnings potential justifies a share price closer to 2p " ( yes I definately agree ) Looking forward to Monday......
12/8/2005
11:52
spekky: still in, still bored,can't believe Thomas wont get this shifting north somehow.He must have 8 - 10% of the company ( say half a million invested ). The F.D. is still in ( as far as i know ) yet they dont seem to be moving it forward. N.A.V. is higher than the share price (although debt is too high )are they just sitting there hoping to be bought out?
24/6/2004
17:45
spekky: having thought a little about the non smoking bit,I think in the long run this would be share price neutral (only because so many exist already and it will become law soon enough).I would prefer to think that gozos "doing something with the company" might mean rebranding the group (in upmarket ways, not tacky ways).
11/6/2004
08:07
guru11: Looks like a buy of one million. I know the results were good, but is the pe ratio rather high, and is the share price not very forward looking?
15/1/2004
14:52
malkie: Diggsy - not arguing with you regarding results - I would expect them to be at least as good as we expect - if that makes any sense at all. My point is that good results dont always equate to a rise in the share price. Just dont bank on fireworks. Chances are nothing will happen in the short term... Regarding disaposal, I cant believe it was a freehold it doesnt seem to show as an asset anywhere in the accounts. Question is whether there was a premium paid on the lease by any incoming party. ( do we know that it has actually been taken up by any one??) There is no reason to assume there would have been, since we have no idea what the basis of the tenure was. It may have been a deal to just get shot of the overhead - or the lease could have simply run out & HAR did not feel it was worth renewing. I think we can safely assume that Pharmacy was not doing well. The last statement on its performance was given in last years results: Pharmacy has had a mixed performance, with overall sales 9% down during the period, in continued difficult trading for restaurant businesses. However, this decline masks the underlying picture, where sales in the restaurant declined significantly, offset by an increase in bar sales. Following its refurbishment in Autumn 2001, the bar is now a well-positioned business that continues to deliver consistent, cash generative performance and sales during the period are an impressive 29% ahead of the comparative period. However, the restaurant has had another poor year, with inconsistent service delivery and no clearly defined point of difference within its market place resulting in a 29% sales reduction over last year. Following a review of all options for the site, since the year end we have appointed a Michelin-starred chef, Hywel Jones, to substantially improve quality and consistency without materially changing prices. Initial signs are encouraging, with sales in the restaurant growing consistently since the changes were implemented and resulting in sales for December 2002 being higher than 2001. Nine months later it closes down!! And even if Gordon does carry on screwing us into the ground (we also agree on that point!) The public has still got enough headroom on its pocket plastic and enough equity in its property to carry on drinking itself into oblivion!! (Well certainly for the next year or 3 anyway!!) someone get the next round in - mines a G & T. Ice & a slice!! Malkie
15/1/2004
13:59
malkie: Wow Diggsy - I think you and I live in different universes!! I just really cant see a big reaction on the back of the results. Who is to say that the disposal of the Pharmacy will actually mean anything in cash terms?? It may have just stopped the rot.... Either that or I just don't want to be disappointed if, as is often the case, the results come out, with the turnaround & recovery confirmed - and then a GREAT BIG NOTHING happens to the share price!! But long term, with focused management & costs under control, I see them going from strength to strength, to the point where the market will really start to focus on the company's capitalisation and have the confidence to attach a more realistic valuation. And IMHO that could be anything up to 4p As for the future economic climate - well you may be right - but in reality, people use alcohol to drown their sorrows as well as to celebrate! I think HAR will be very well placed to take capitalise on the ample opportunities for both scenarios when they present themselves over the year ahead! Malkie
24/4/2003
20:44
rcp1: It is good to see a number of days with continued buying activity, albeit still at relatively low levels, reinforced by directors demonstrating their continued support for the company, again albeit that this is still only at a limited scale. It is evident that there is increasing confidence coming back into the HAR share price which has been hammered disproportionately when some relatively small sales have been made in the recent past. There are a few signs that give me some optimism about the near and medium term: 1. The company expects to make a profit on continuing operations in the current period 2. There is a market for the shares and the price has shown increases without falling back when sales have been made. I have also tested the price (without selling I would add) on web orders for 100k which can be confirmed without having to go to the market 3. The bid to offer spread is narrower than it has been for a while 4. The company has adopted a financially prudent response to recent economic conditions by focusing on the existing estate rather than to continue to expand 5. Cost reduction activities following the Jamies acquisition are reportedly on track We have yet to find out (if we will ever) what was behind the big 28 million share day the other day. Perhaps an announcement soon will provide us with further insight? Alternatively, it may be the MMs moving stock around in advance of some larger scale activity. Any other views?
Harvard share price data is direct from the London Stock Exchange
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