Hasgrove Share Discussion Threads

[britishb] 19/3/2013 16:37

Amazing how anyone was selling but with market cap barely above cash from Amaze, plus about £1.3m more from Interel due July, and up to £9m more in Amaze earnout it's rather a fantastic free option of the success of the remaining businesses which by my reckoning are doing 6 or 7m turnover. Bit of a no-brainer....

[brando69] 19/3/2013 15:10

72.5 for me... and that pushed the ask up to 75...

[gucci] 19/3/2013 15:09

managed to get come at 68.5 this morning.
great potential runup here

[brando69] 19/3/2013 15:05

thank you CR for flagging this

[brando69] 19/3/2013 15:05

4100 are mine

[shanklin] 19/3/2013 15:01

Very frisky on my small buy.

[cockneyrebel] 19/3/2013 14:59

Ah right, chears - think I was going by last year still.

I guess they have to count those masses of millions of pounds cash coming in :-)

Bouncing anyway - not many places you can buy potentially £3 of cash for £2 imo - and leaving a nice business after that too :-)

CR

[speedsgh] 19/3/2013 14:42

CR - prelim results are due in April, not March (

Also from Jan trading update ( - "The Group expects to publish its full year results for the year to 31 December 2012 in April 2013."

Still not long to wait though. Wonder when the General Meting will be to vote on disposal of Amaze? Can't imagine there'll be many objections :o)

[cockneyrebel] 19/3/2013 14:00

Market giving these away for the value of the cash they are getting more or less this am - will they stay this cheap come the results?

Results due by end of month.

CR

[chester] 19/3/2013 13:51

Fib retrace here. Turning now.

[bigbigdave] 13/3/2013 15:47

Bought the dip here this afternoon.

[cockneyrebel] 12/3/2013 14:23

"For once" ? :-)

Have you looked at The Chase?



Who we are: creative consultants
currently ranked overall number
one in the Design Week National
Creative League Table.
What we do: combine creativity,
strategic thinking and craft to
create memorable communication.
Who we do it for: clients who
believe brands that are creative
get noticed.

------------------

My business is design - I know what it takes to get that accolade - The Chase is grossly undervalued when you take out the cash they are getting imo.

Watch the forthcoming results this month - The Chase had a quiet start but I think you'll find they are hotting up

"Interact, the intelligent intranet software provider, has benefitted significantly from its entry into the US market in early 2012. This, together with increased enterprise sales in Europe and Australia has complemented its already strong UK base. Interact continues to invest in both product development and its sales and marketing infrastructure."

What's an international software provider worth and how much is it benefitting from the weak £.?

More upside yet imo, much more.

And I think the deferred payments from St Ives are pretty much a foregone conclusion - just there to soften the upfront cost and make them earnings enhanching for St Ives initially imo.

All imo, dyor.

CR

[britishb] 12/3/2013 09:47

For once I agree with you, CR.

Market cap here is just £18m with £15.3 coming in from Amaze proceeds. More interesting to me is the earnout of £9.7m. It's only based on achieving "certain profit targets in the year to 31 December 2013". It just strikes me that that earnout is reasonably likely, otherwise why bother to negotiate it? In which case £25m coming in vs mcap of £18 - and the other businesses in for free. A jolly good risk reward I'd say - tho clearly if no earn-out and other biz's struggle there seems little upside... Worth a hold for a year to see what happens IMO. Seems to me £1 share price would be a fairer reflection of what we know today.

[battlebus2] 11/3/2013 19:47

Very interesting business model :))

[cockneyrebel] 11/3/2013 19:45

Read this too:



"The one serious approach we had was from Hasgrove but we didn't see how we'd fit into their business or what we'd gain from that."

Reckon a bit of th ecash will buy one or two small co's that need bashing into shape imo.

CR

[cockneyrebel] 11/3/2013 19:42

Sounds like the business model now is buy a small flagging marketing co, bash it into shape, sell it off at a big profit imo.

Nice.

CR

[battlebus2] 11/3/2013 19:06

Holding tight to mine for the foreseeable C.R. still undervalued and what next for the cash.

[cockneyrebel] 11/3/2013 17:08

Great day but that rise hasn't priced in what these are worth imo.

35p+ potential cash return from sale.
35p odd potential cash to come in deferred payments.

The rest of the business valued at pretty much nothing on that basis, no debt.

I bet they could take the two existing businesses and turn each one into an another Amaze typew performer within 18 months to 2 years, potetially two more £20m co's there just a little down the line valued at near nowt imo.

All imo/dyor etc.

CR

[cestnous] 11/3/2013 12:38

Agreed CR which is why I will be staying in.

[cockneyrebel] 11/3/2013 11:49

really?

Have you looked at The Chase? award winning marketing co. Have a look at the co's website.

From the interims:

"Interact
Interact is a leading supplier of intelligent intranet software and is one of the fastest growing intranet software companies. Organisations using Interact Intranet report improved efficiency, greater productivity, increased employee engagement, better decision-making and cost savings.
Interact delivered a gross profit of GBP1.5m and recorded its highest ever figure for new business sales of its flagship software, Interact Intranet, including three intranet sales each in excess of GBP100,000. The average sales value for an intranet continues to increase and support revenues should now exceed GBP0.8m on an annualised basis.
During the period, Interact added Age UK, Flight Centre, Lease Plan and Signet Trading to its client list.
Following the recruitment of two experienced sales staff in the US in mid-February, four intranets have been sold in the US in the second quarter and the pipeline is developing ahead of expectations. This is extremely encouraging and there will be continued and equal focus on both UK and non-UK sales, where recent success has come in sales to both Continental European and Australian-based companies in addition to the US.
A product roadmap for Interact Intranet is being developed and an update will be provided in due course. Interact is now firmly established in the exciting social business software space and developments are underway to ensure that Interact capitalises on this position.
The Chase
The Chase is a UK creative and design consultancy, which is consistently one of the front runners in the annual Design Week creative league tables.
The Chase delivered a gross profit of GBP1.0m. It had a difficult start to the year due to delayed spend from a major client for the second consecutive year. However, there has been an increased effort in new business development and cost reduction to manage this temporary situation.
Outlook
Due to the improved performance of both Amaze and Interact, the new business wins combined with the improved efficiencies and project delivery, the Board is confident of achieving its full year target"

-----------------------

HGV could pay shareholders 35p a share with that cash or more.

They then have the Chase and Interact rapidly growing and about to become highly profitable imo.

There's also up to £9m in defered payments to come - about 37p a share.

They still have deferred payments to come from the last sale of Interel in July 2011 for 9.5m Euros which virtually wiped out net debt.

80p a share is miles too cheap imo.

Paul Sanders has transformed this co imo.

[markie7] 11/3/2013 11:20

good price, but there can't be much left in here that is making a profit.

[cockneyrebel] 11/3/2013 08:16

A gtrat long term hold imo - these will do something smart with the cash imo.

Results by the end of the month.

All imo/dyor etc.

CR

[cockneyrebel] 11/3/2013 07:56

Paul Sanders has trands formed this co since moving up to CEO.

2.5p divi forecast before any disposal too.

No net debt hardly before the disposal too.

All imo/dyor etc.

CR

[cestnous] 11/3/2013 07:55

Excellent news. Also bought a lot. Again, thanks CR.