Hasgrove Share Discussion Threads

[shanklin] 10/5/2013 07:31

So, small shareholders, defined as those with up to 50k shares, have the option of being bought out in full at 82p.

[speedsgh] 10/5/2013 07:25

if you take up the tender offer, you will not be entitled to the 2p dividend announced today in final results.

from tender offer rns:
"However, Hasgrove Shareholders by tendering their Ordinary Shares in full will have no future equity participation in the Company. To the extent that there is any payout in respect of the Deferred Consideration, Shareholders who tender all their Ordinary Shares will have no participation in such Deferred Consideration. They will also not receive the dividend of 2.0p per share as announced today."

i think the 82p offer is pretty miserly, especially as you don't qualify for the dividend if you take up the offer. but with the proposed de-listing from AIM, they are somewhat forcing our hand.

my initial reaction is one of disappointment.

[jakleeds] 10/5/2013 07:17

Does look low but still a profit. Was hoping for a similar outcome to DWN a few years ago, as I mentioned previously.

[speedsgh] 10/5/2013 07:17

Proposed tender offer (82p) + de-listing from AIM -

[britishb] 10/5/2013 07:15

Hmmmm, a quick profit for holders but this looks like a low ball offer to me. Will be interesting to see the reaction....

[cockneyrebel] 09/5/2013 16:41

Looks like results are imminent :-)

new highs.

CR

[sportbilly1976] 09/5/2013 16:25

Afternoon BBD....back in after a spell away :)

saw this being flagged up earlier today and had a look at it over lunchtime

[bigbigdave] 09/5/2013 16:23

Welcome SB :o)

[sportbilly1976] 09/5/2013 16:17

In for some ahead of the close here, breakout appears on and the Co looks undervalued

[jakleeds] 09/5/2013 16:13

Breakout here....

[sportbilly1976] 09/5/2013 14:19

explains the tick up this am...

[wanttowin] 09/5/2013 14:09

A decent buy of 30,000 just gone through, news soon..

[cornishman33] 03/5/2013 23:17

Yes, I forgot Monday was a bank holiday, so they probably have got it wrong again.

[speedsgh] 03/5/2013 14:59

CEO indicated to me in an email a couple of days ago that it was "likely to be the end of next week".

[cestnous] 03/5/2013 14:58

On a bank holiday?

[cornishman33] 03/5/2013 14:31

TD Waterhouse now showing annual report due Mon 6th May. I hope they have it right this time.

[britishb] 01/5/2013 10:05

Hmmm they have sold their biggest division grumpthorpe....so as I say not surprising if results a bit later than planned.

If remaining biz's do £7m turnover that's pretty much the median for AIM companies.

Thou talketh a load of all xxxxxx IMVHO.

[ganthorpe] 30/4/2013 17:37

January update said results issued in April. I can't see them coming out between now and midnight.
Is this what we get with AIM companies?
It seems to me we are left with some very small businesses barely worth a quote.
GAN

[britishb] 29/4/2013 10:24

I shouldn't get too het up about results. There must be a fair bit of untangling of Amaze results and getting proforma numbers for the resulting biz. Don't think they'll show anything interesting anyway.

My best guess is on-going biz with turnover 6.5-7m and small losses.

Since Dec yr end we'll have £15.3m from Amaze sale, profits from Amaze Jan 1 to date of sale (300k?). Looking forward a further c £1.3m Interel payments due July.

So about £17m cash vs £17m market cap and the two remaining biz's turning over 6 or 7m plus any extra received for Amaze sale (up to £9m) in for free.

I hope and rather expect we'll see a £10-12m cash return.

[cockneyrebel] 29/4/2013 10:21

Hmm, I've emailed the CEO before and got a mail back straight away.

Results should be tomorrow as they have said 'April' imo.

Up today ahead of them, no trades showing so a larger one being worked perhaps.

CR

[speedsgh] 29/4/2013 10:14

Rather disappointingly the company have deemed my email enquiry, which asked for guidance on when they anticipate releasing final results, not worthy of responding to... rather ironic for a "digital and communication services group" as they like to call themselves. IR not high on their agenda it seems.

However I am sure I will forgive them if they announce in due course a nice fat special dividend to be paid out of the Amaze disposal proceeds.

[cestnous] 29/4/2013 09:56

Have we still no idea of results date?

[jakleeds] 29/4/2013 08:58

Should see a breakout in anticipation of the results here. Ticking up now...

[cornishman33] 26/4/2013 20:27

Obviously TD Waterhouse got that wrong. Hardly any trades the last few days until a 15000 buy (?) at the end of today. Perhaps that was in anticipation of an update on Monday.

[speedsgh] 25/4/2013 10:31

No Notice of Results rns yet? They have always issued one in previous yrs.

EDIT - I have emailed the company today asking for guidance on when they anticipate releasing final results. I will update if/when I receive a response.