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HTI Hawtin

0.825
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hawtin LSE:HTI London Ordinary Share GB0004156930 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.825 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Hawtin Share Discussion Threads

Showing 226 to 247 of 400 messages
Chat Pages: 16  15  14  13  12  11  10  9  8  7  6  5  Older
DateSubjectAuthorDiscuss
10/4/2009
13:55
I agree totally with bulletin board member haydock that if commercial property falls again Hawtin could be in trouble. Hawtin's board is populated these days by professionals who know the industry that the company trades in. I don't believe in bad luck whilst I do in good luck and I think that I was lucky when I stumbled upon Hawtin.

Hawtin, in my opinion, has a First Class Management Team, their Cash Flow is excellent, in fact much better than many other larger property companies and there is no likelihood of them breaching their banking covenants.

Richard Hayward tends to hide his light under a bushel, it was he who was the 'Project Manager' for the Millennium Stadium (in Cardiff), he delivered it, on time, for £159 million. He wasn't involved in the rebuilding of Wembley; that cost something approaching £800 million and, perhaps, unsurprisingly, was more than a year late!

Richard Hayward's success may not count for anything in England but it certainly does in Wales and, as Wales is where much of Hawtin's business is done, this has a value. I think that the presence of Richard Hayward and Robert Carlton-Porter on the board would have, in better times, boosted the share price.

Not only does the publicity-shy Richard Hayward hide his light under a bushel, our company does too! Champions Business Park (our joint venture with Centaur Properties Ltd.) on the Wirral. (I think that we bought this site for an absolute song!) At a mere £1 per square foot (on the full 435,000 square feet) we'd be able to service the loan and possibly revalue the property. Unfortunately, on Hawtin's internet site the only comment is that the Occupier is 'TBA'.

Alas, parts of Hawtin's site appear unobtainable but on another bulletin board (at interactive investor) I found an entry by mrsbearbull who on the 17 October 2007 stated:

'FOUR months after the purchase of the former Champions Spark Plug complex in Upton, Wirral, Hawtin Developments is reporting good progress with its refurbishment plans and letting of the scheme.

'At the newly-named Champions Business Park, Hawtin has secured a number of early successes in attracting new occupiers and approximately 40% of the site has been let.

'A number of smaller local companies have taken both industrial and office units and their latest letting sees Home and Retail secure 125,000 sq ft of warehouse accommodation, which is by far the largest warehouse letting in Merseyside this year.

'Home and Retail has taken a 10-year lease with a tenant-only break option at year five for the warehouse which is being used to distribute furniture to department stores across the UK.

'Anthony O'Keefe at agent DTZ said: "This letting is a major coup for the estate and the borough as Home and Retail has relocated its warehouse hub from south Manchester to Wirral."'

Admittedly, this letting is likely to be at £1 per square foot but £125,000 per year is money. I have found three more companies that have taken space at the site: Pine & Oak Warehouse (probably at £1 per square foot), (again, at probably the same rate) and ( this is different, as they have taken office space (offices are being offered by DTZ and King Sturge at £6.50 per square foot).

Yes, I can understand the directors' reluctance to list small occupiers but a statement of how much of the site is occupied and an average amount per square foot would be useful.

meict
09/4/2009
10:51
Edit - superseded by posts below.
sharw
09/4/2009
08:16
One thingfor you to consider in your analysis.
You can be as bullish as you like , but Hawtin in all my time have always been in the wrong place at the wrong time.
Consider if they are this time ? Commercial property falls hawtin are right there.
Mind you,this team seem the brightest i have seen in the share & with a little killer instct they have the opportunity on the way back.They seem to have more cash than this company has ever seen.

Hawtin then, consider timing it's the key to the share.

haydock
09/4/2009
01:11
Since buying Hawtin shares, I've been trying to unravel what's going on in the company. A difficult task, as most of the comments by the media are just Hawtin press releases in a slightly different format.

I have since the beginning of March been compiling an analysis of the company and had meant to post the result on this bulletin board. It has taken me more than a month to dig out what I believe to be relevant information.

Before posting it on the bulletin board I sought advice and have come to the conclusion that if I published what I believed to be accurate findings, it could be construed that I was trying to manipulate the price in some way.

For that reason, I have decided not to comment on the company's prospects but to await the end of year accounts, which will be published in about four weeks time.

meict
27/3/2009
15:25
Looks like the dip in price was due to one of the MMs switching off while they went out for some sandwiches for lunch!
sharw
27/3/2009
14:46
Sorry, I should have said 5th of March.
meict
27/3/2009
14:27
Perhaps a Market Maker noticed my comment (can these people read?) about Nantgarw and marked the shares down.

There's been no real selling this year although my purchase on the 5th May was marked down as a 'sale'.

I've been compiling an analysis of the company and its prospects, which on completion I shall post on this bulletin board. I have encountered some difficulties, as most information, other than from Hawtin, appears to be reiterated press releases.

I have thought again about the Nantgarw purchase and have come to the following conclusions:


Looking again at our Nantgarw purchase: the General Motors English subsidiary with probably be subsidised by H.M. Government or by the subsidised American parent company. The Currys/PC World company will probably survive in spite of its less than helpful staff (in London) although, I shall never buy anything from them again. Our directors are not fools and have probably insisted on some sort of guarantees so I think I our money is safe. Alas, the million extra adds just under a penny per share to the asset value but a penny is a penny and it all helps.

meict
27/3/2009
13:52
Interesting, whilst there are no trades today the share price has been marked down .25 of a penny.

I was waiting until the new year (when my postal order arrives) to increase my holding.

meict
23/3/2009
17:05
I want them to invest but inline with meict's questions above - I thought they could drive a harder bargain - they should be getting 3 or 4 times asset value from distressed sellers - cash is king.

Freinldy deals, taking on new directors is far too civilised, the recent deals were not bad, they just didn't have any wow factor.

A steady eddie share this one.

jpendle
17/3/2009
12:35
Gentlemen,

I read with interest your 175 messages regarding life, profits and losses in HawtinLand.

Before I start to knock some of our investment's recent purchases, I'd like to say that Hawtin's board of directors are as able a bunch that we're likely to find anywhere. I am especially impressed by Richard Hayward who I'm sure will make start to make us money albeit in eighteen months to two years. Who was it who said: 'Nothing any good ever came out of Newport'? Hah!

The Chinese Restaurant: did this come to fruition? There were stories in the press that said that it was to occupy ten thousand square feet at the Millennium Plaza at Cardiff. There was talk of an initial rental of £25 per square foot. Has this restaurant opened in Cardiff? By the way, where is Cardiff?

The Nantgarw Purchase: this was recently valued at £5.35 million but we were lucky enough to secure it, from an institutional investor, for £4.35 million!

The three current tenants, General Motors Acceptance Corporation (UK) Plc, DSG Retail Limited and Doosan Infracore Limited on leases to December 2018, April 2011 and September 2010 respectively, who provide a rental income of £562,000.

General Motors Acceptance Corporation (UK) Plc, is this a subsidiary of General Motors, which is fighting off bankruptcy in the United States? DSG Retail Limited is the company that owns Currys and PC World, run by John Browett, it is fighting for survival. Doosan Infracore Limited is an American Construction Equipment, Machine Tools, Forklift Truck, etc. manufacturer. I don't know what it does at Nangarw but it has only eighteen months of its lease left, will it renew? Does the institutional investor know more than we do?

The Hollywell Group Purchase: at first glance, this looks cheap. After settling Hollywell's loans and overdrafts for £3.9 million we paid the owners a further £2.9 million made up of £2 million in cash and 20,000,000 new Hawtin 5p shares - these 5p shares appear to have been sold at 4.5p each - what is their true asset value?

meict
04/2/2009
15:40
Cheers sharw, they are never going to move the share price if they don't look to the spin side a little better.

Good returns if the customers last, but I can't help thinking if they were a little braver with £50m they could really change the nature of this company.

Another like the big Cardiff site is what they need to be looking at now, & really punishing the company that sells, it's a buyers market & the risk is considerable.
Waiting for the up after 35+ years!!!

haydock
04/2/2009
10:16
Where did you see the details please, not on web site.
haydock
30/1/2009
13:22
Understandably this company is being ignored at the moment - but with a £50 million credit facility in place and steady income they could make some seriously advantageous purchases in the current turmoil, thats why I bought about six months ago.

I hope today purchase is just the start of a stream of deals.

jpendle
30/1/2009
11:29
Interesting purchase today Not only does the yield look good compared to current interest rates but the plot is 8.65 acres and the building occupies 2.48 acres which implies there could be some development potential in the long term.
sharw
26/6/2008
17:51
Interesting AGM and statement today. The Millennium Plaza in Cardiff could be the property that really lifts this company once the present turmoil in the property market is over. I think one of the good things about that turmoil is that it has stopped the chasing after properties before the price goes up again sydrome thereby freeing time to concentrate on squeezing the most out of the existing portfolio.
sharw
07/5/2008
17:01
Blimey cheap?

I bet they get a hell of a lot cheaper soon.

Looks like their portfolio of two bob properties is yielding a whopping 5% after the recent write downs.

Well done to them for buying in at the top.

arthur_lame_stocks
13/3/2008
20:13
Thanks for your reply Haydock,

I will endeavour to keep these for my retirement fund.

Who knows by then a least one CEO might kick this company into shape and into a growth area.

thanks once again.

c2i

contrarian2investor
13/3/2008
09:18
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.

haydock
12/3/2008
16:57
Hi Haydock

I admire your patience and that of other fellow longterm holders. I for one have only be holding for 3 years but the management just appear to be promising but no delivering. Any comments anyone?

It's all gone very quiet, I know that now is not the time for micro companies to be saying much in this current climate. But the stock is barely being traded.

Does anyone have any news?

Thanks in advance c21

contrarian2investor
27/9/2007
10:33
The company has been a dog since I bought it in 1971? or there abouts.

It is at last valued far below it's assets, profitable & moving under ahead of steam.
Not a common feature of the last 35 years
Very Interesting.

haydock
26/9/2007
17:56
So who is Lawrence Drizen?

Is this the person who sold 250,000 shares in Lam Pharma?

sharw
26/9/2007
14:11
9,082,183 shares traded at 18p today. That looks like the entire holding of the Fernbank Pension Scheme, but who has bought? - expect RNS. As it was at a premium the buyer must have been keener than the seller.

Decent results today - NAV now 21.6p.

sharw
Chat Pages: 16  15  14  13  12  11  10  9  8  7  6  5  Older

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