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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Hawtin | HTI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.825 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.825 | 0.825 |
| Top Posts |
|---|
Posted at 29/10/2010 12:12 by mryesyes This is one of several other companies in the same boat, except this is the biggest plane crash; see also THG and SAFNormally if it did not have all these assets it would have delisted, been made bankrupt, taken action to disenfranchise shareholders to resell the co, but in hti's particular case it can take none of these options but at least it can flog off its assets and funnel the cash to its directors until the forced/crash landing, they are in the ejector seats with the money in their names, you are just holding a worthless cert, its only a matter of when the bank pulls the plug, but it may take a year since they are selling properties and using the cash to make the min bank repayment to keep the sales going. It like you had bought 100 properties with 1 huge loan. After prices fall you are in negative equity, so you keep things going as you sell the properties 1 by 1 until you have the cash in your pocket, then abort.....HTI is not like you and your mortgage, their finance is unsecured against particular properties, got it??? |
Posted at 07/9/2010 10:17 by sharw So, HTI has sold its share of the Wirral property for £275,000 against a net book value of £175,000. That sounds very good until you realise that they are talking about the book value as written down. HTI actually paid £1.625m for this in Spring 2007 so that is a loss of £1.35m, or 83% of the original investment. |
Posted at 07/6/2010 15:38 by mryesyes Looks a possibility for a reverse takeover by a property trading company wanting a listing, though you may need 1000 or 10,000 of these to even get a share in that.However, even by its own figures it is 90% mortgaged, difficult to see the banks not repossessing so to speak, they will get probably all their loans back. The 10% would go to the auditors so only very large shareholders would get cheques. Sell if you have more than 1% of your portfolio here SAF will be next to announce and I suspect that will be admin. A propert company that is not paying a dividend "because we do not have any cash to pay anything" seems to me to be positioning itself for the end game. All this talk about the hard work of the directors is hogwash compared to THG, and thats not walking on water neither. |
Posted at 01/5/2009 01:12 by meict Finally, Hawtin is moving upwards! How it sojourned for so long around 4.5p I don't know. I see Hawtin as a share of two parts: the property assets, particularly the Net Asset Value (NAV) and Richard Hayward.The shares have finally started to move and I think that they'll go to around the 8p or 9p level, which I estimate at a 60-65% discount to NAV. When it reaches that point, a number of shareholders who bought around the 4p level will get out or sell half. Others who will sell are the longer term holders, who have bought some years ago and bought again to 'average' when the shares were around the 4-4.5p level. They will be glad to get their money back and see the back of Hawtin who, through no fault of its own, has disappointed them. And who can blame them? Not I. I see the real share price growth coming between the publishing of the 2008 Annual and the Interim Reports. As I've said before, the relationship between Merlin and me is somewhat tenuous so I've decided not to prophesise regarding the price that I see. "Two parts? Where's the Second Part?" I hear you say. The second part is Richard Hayward (please see posts 176, 179, 185 and 203 for my previous comments). I think that a man of the calibre of Richard Hayward is worth 20p on the share price - call it the Richard Hayward Value. Richard Hayward will take Hawtin, which was little more than a Shell three short years ago and turn it into a major player in the commercial property field. Hawtin is UNIQUE! Unlike other property companies that sell on a discount to NAV, Hawtin sells on a double discount - to NAV and to RHV (Richard Hayward Value). I estimate that Hawtin is selling on a discount to NAV of 65% to 70% and on a discount to RHV of 68%. I'm not surprised that an Institution has not swallowed up three or four per cent of Hawtin. There's no dividend but further down the road, say in two years time, there will be. I, for one, would not welcome it, there are far better ways to reward loyal shareholders than paying them a penny or two in dividends. |
Posted at 29/4/2009 20:44 by 5dally Oh thank you for not laughing at my thread :-) dont know why the charts have not appeared. getting back to HTI I am very happy to hold,,,,,,,the Upton site on The Wirral could be a prime building site,,,,,can't see it staying commercial for ever, also think that the recent buying they have done could well be geared to getting as much prime land as possible at much lower prices,,,,who knows what may happen here.....as I said very happy to hold |
Posted at 13/3/2008 09:18 by haydock Sadly as it ever was with Hawtin, the company is transforming in the wrong timeframe.Commercial property could not be worse at the moment, but the new man sounds very impressive, & may know what he is doing.He seems the best man I have seen at the helm. However when I first held them they were turning into a small Merchant Bank.c 1974 the year of the small Bank crisis. Somebody nicked that half of the company, thats why i am still here. I did hear of a man who had been holding even longer than I have & owned half the shares, metaphorically, but a vast number. He was very optomistic & just longing for another dividend. |
Posted at 02/7/2007 10:06 by cg1953 it would be a big plus if HTI had a major instituition with them; as it is it seems to be 'cosy' deals between their private and public interests.longer term; lets just hope they co-incide !!! |
Posted at 11/6/2007 11:51 by contrarian2investor molatovkid,hi held these for over two years and whilst I am in profit. I am waiting for the City to recognise the the discrepancy between asset base/nav compared to share price. Hopefully then hti will get re-rated and take off. By the way I use to subscribe to the City Confidential what did they have to say about HTI. CHEERS C2I. |
Posted at 20/5/2007 13:04 by mistertibbs molatovkid. IC reckons portfolio of just over £40m and p/e of 19 (not bad I feel at this stage but is it meaningful in a property co.) NAV also 18p.I am chuffed they have the guys on board that they have, especially the ex rok man. No mugs there. Property experts and we may need them as a growing company at a time when the waters might get a bit choppy over the next few years, what with property prices now. However, I believe we are in an area not yet fully noted for it's property boom type scenario, not yet anyway. I am also very enthusiastic wth HTI and believe in the medium term, we will find out how well placed that enthusiasm is. And a little footnote. Was speaking to a broker recently and stated my interest here. He had never heard of them but during the next telephone discussion, he said " Hawtin,very interesting indeed" Make of that what you will. |
Posted at 02/5/2007 10:49 by molatovkid Worth re-reading the Chief Execs statement. Sounds like a guy worth backing...buy cheaply, let them do the business and hey presto, I say this will be a multi bagger.CHIEF EXECUTIVE'S STATEMENT Having joined the Board as Chief Executive in February 2006, my aim has been to move Hawtin PLC from a sleeping giant and grow into a credible property investment company. I believe we have made good initial progress in some areas this year but we do need to make significant headway throughout the coming year if we are to achieve our aim. We started the financial year with just three properties valued at £9.5 million - earning £700,000 pa, and a parcel of land yielding no return. We now have five properties worth more than £40 million and an annual income of £2.7 million,with the prospect of further acquisitions in the pipeline. I had high ambitions to turn Hawtin around within the first year. It has taken this first year to realise that a public company is not a vehicle to hastily push forward, but one in need of gentle encouragement supported by a steady stream of solid income producing deals to provide continued growth. Together with my fellow Board members, we have planned a financial model that shows both stability and the potential for profit. Ultimately, a dividend return to you the shareholder is our long- term ambition and strategy. As a company with all the necessary resource and knowledge to drive the business forward, I feel we can push Hawtin far harder to achieve much more. I am looking to transpose some of the dynamism from the faster moving private sector into the more tightly regulated AIM public company arena - the two sectors are markedly different, but can learn much from each other. Those acquainted with this culture continually remind me how well Hawtin is doing and what we have achieved - not enough I say. We can do more and we will do more. The honeymoon period is over, and it is now time to make strides towards becoming a serious player in the property investment market. Hawtin will continue to tread the path of a property investment company, building on its portfolio over the coming years, and realise its profit potential in order to pay dividends and fund further acquisitions. I would anticipate the size of our deals becoming significantly larger as the years go by, and my initial target is to raise the Group's gross property assets to circa £100m. From this larger asset base, transactions of greater magnitude are open to us and smaller transactions will be undertaken more easily under the regulatory limits. I feel that for the time being we can forget talk of REITS and other such devices - our growth will come about through our own endeavours, playing to Hawtin's strengths. We will continue to identify those high-yield opportunities with that elusive element of opportunity, leading us on to even higher values. I believe Millennium Plaza will prove to be such an acquisition. I feel positive that with this year's preparatory work, results for the year ahead will continue to maintain an upward trend of profitability, and the Board and I will work diligently to acquire the right opportunities to maintain growth throughout next year. I have a clear vision of where I would like to see Hawtin, and with this transitory yet profitable year behind us, am confident we can now take on the bigger challenge to move the company steadily up the property investment rankings. RICHARD L HAYWARD CHIEF EXECUTIVE |
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