Havelock Europa Share Discussion Threads

[neverforget] 10/3/2016 20:03

Andrew. When is the action happening? This board incapable of doing anything except lining their own pockets. Still prefer free shares to putting their hands in those very deep pockets.

[greengiant] 06/3/2016 18:15

I would doubt very much.

One would think that the weak pound v USD would actually help Havelock as if you are providing goods from a LCC ( low cost country - eg China ) then you pay in $'s. Therefore making UK manufacturing cheaper vs LCC equivalent. There are a lot of companies who source the majority of products from LCC's, whereas Havelock have never had a grip on how much its manufacturing elements cost base so it never has been able to directly compare.

Where Havelock should have a competitive advantage is speed to market, trouble is, it has never had sufficient focus to reduce costs to a level whereby speed and slightly higher costs make a more compelling proposition than just what everyone else is doing. Pity really because UK manufacturing should be able to compete favourably with speed and quality. Pity cost has been so out of sync for so long.

Andrew
PS nice to be back in France for the weekend, back to the UK before heading off to Chicago and Spring......

[mikepompeyfan] 06/3/2016 14:52

Probably be more affected if Scotland left GB ;-)

[capricious71] 06/3/2016 10:31

Maybe a silly question but I wonder how much HVE would be affected by Brexit?

[greengiant] 03/3/2016 11:52

Let's see what happens- I have a lot of respect for Peter and my position is that he is the best person to help drive the business forward
Andrew

[jbarker5555] 03/3/2016 11:00

Andrew - Do you think Peter would return as the only NED if the company were to be delisted? Ie release the others from their roles just retaining the Executive team? :)

[greengiant] 03/3/2016 04:34

Honest, thank you for the input. I believe some way has been made to resolving this, my question would be whether a NED with industry experience on delivery was needed. Oh wait, you had that with Peter. The boards handling of Peter was weak, that was the point I realised how weak the Non Execs were.

Like I have said, there are changes and challenges afoot, the NED's can accept those changes quietly or they can fight them. Either way, SHAREHOLDERS will have the final say, which will end in embarrassment for said NED's. There is a better team who can help develop the executive team. Very soon now.

Andrew

[honestjohn1] 03/3/2016 01:54

Until they resolve the miss management of incompetent departmental directors.The company will not move forward. Aviva Stadium 2009 biggest loss ever. Virgin money account lost.
Co-op account lost. Marks & Spencer contracting account lost. Tesco account lost.Royal Bank of Scotland account lost. TSB account lost. Boots nearly lost account. Lloyds account lost. The Lloyds account that originally started 20 years ago with Bank of Scotland then Halifax Bank of Scotland then Lloyds.

[neverforget] 02/3/2016 10:54

I agree let the company set out its position and tell us ignorant shareholders why we should continue to pay their salaries and the salaries of all the nomads listingfees pr companies etc.
after all we are not nearly as intelligent therefore what do we know. Oh I remember its our company and we have more than 100g shares that have been accumulated oer 6 years whilst taking between 35g and 65g pa out of the company.

[greengiant] 02/3/2016 00:55

Mike, my view would to reinvest profits in order to grow the business rather than paying dividends in the short term. There are ways that people can trade their shares if the business is private.

Look at the money that has gone out of the business in failed management over the past 4 years. Enough is enough, it is time to use the cash to grow the business, not pay for FD, SD, MD, CD all who were employed and subsequently let go. Latest forecasts showing that the business at 31/12/17 will generate £0.6m PBT. Not good enough. Delist and you double this years profit, and you increase 2017 by c£200k.

Time for NED's to get real and present their alternative to shareholders or face a very public action.

Andrew

[jbarker5555] 01/3/2016 12:35

"How would you sell your holding if you wanted though ?" - With great difficulty!

Although this company is affectively unlisted anyway, impossible to buy or sell any meaningful amount. Might as well save the money and delist. :)

[mikepompeyfan] 01/3/2016 12:12

Well I've never held shares in a private company personally. I assume l would receive dividends the same as a listed company. How would you sell your holding if you wanted though ?

[greengiant] 01/3/2016 12:09

Good morning from a wet, wild, windy Chicago.

There are a lot of good things going on at Havelock - it has a good management team now that (I hope) is listening intently to its customers.

My question still remains for anyone to answer, other than for private investors to buy and sell shares, What is the point of Havelock spending the amount it is on remaining listed.

I have yet to hear a compelling argument, I would rather reinvest the money saved on listing to invest it back into the business to get it growing again.

I look forward to managements argument to convince me otherwise.

Andrew

[honestjohn1] 27/2/2016 21:51

There is no new HV and no AC in the building. The toilets have not been touched. Meeting rooms on each floor,with some offices being created, Open kitchen areas on each floor. New IT with electrical alterations, decoration with new floor coverings, new furniture. 700k really.

[anguskhan] 27/2/2016 07:55

Actually the new premises needed quite a lot of work given it was just a large open space with no finishes. New comms room and associated HVAC, power and data installations, HVAC to the offices, creation of meeting rooms, offices, reception, etc. As much as I am disappointed in how some things have been done at HVE you should really get your facts right before making uninformed comments such as the above.

[honestjohn1] 27/2/2016 00:25

Never 700k the design work and all the supervision was undertaken internally and the hours worked booked to other ongoing live jobs. The standard of workmanship is not clever.

[jbarker5555] 26/2/2016 21:45

Sorry to sound grumpy and whinging about the past but doesn't anyone else think 700K to move some people to new offices sounds expensive? It's not as if the new offices needed any work on them, just seemed a case of moving desks and computers plus a new sign above the door. Surely 700k to fit out some offices for a company that doesn't even make that per year is extreme?
I feel this company needs to forget about the listed corporate world and just concentrate on what a business is intended to do, ie MAKE MONEY! :)

[mikepompeyfan] 12/2/2016 11:52

New >3% shareholder. Happened 4th December but notification only just made.

[greengiant] 10/2/2016 13:37

Or a company in the same market wanting a listing - which is much more likely. Something which the current share price rise is making more realistic for Havelock shareholders.

;-)
Andrew

[mikepompeyfan] 10/2/2016 12:06

In the old days hve would have been regarded as a shell company at the moment and ripe for a reverse takeover. I wonder ?

[greengiant] 10/2/2016 11:15

#happytobegoinghome
Not a seller at all my stake is not up for grabs.
I have my ideas - other people have theirs.

Andrew

[gargoyle2] 10/2/2016 07:29

I think I'm right in saying that the directors will be in a close period after this coming weekend (the 2 months before publication of annual results, scheduled for 14 April, is a close period, I think), so if they are going to buy, they'll need to be doing it this week.

EDIT: Obviously they won't be able to if they are aware of some kind of corporate action going on.