Hawtin Share Discussion Threads

[meict] 01/5/2009 01:08

The valuation of Parc Nantgarw on Hawtin's website has been reduced from £6.2 million to £5.35 million!

[meict] 30/4/2009 23:34

Many thanks, 5dally, most useful.

[5dally] 30/4/2009 18:35

Hawtin PLCForecast Key Dates Key Date Date Status
Next annual report due 05- May- 2009 E
Next AGM 26- Jun- 2009 E
Next interim announcement 23- Sep- 2009

Nice rise today:-)

[meict] 30/4/2009 14:04

Anybody know when they're publishing the Annual Report?


It must be in the first or second week of May

[meict] 30/4/2009 13:39

WELCOME TO THE ROLLERCOASTER!

Hawtin are in the process of updating their site. Hopefully more good news! See:

[meict] 30/4/2009 13:32

WELCOME TO THE ROLLERCOASTER!

[5dally] 30/4/2009 12:58

Still on the rise ,,,,so quiet here

[5dally] 30/4/2009 10:20

Up we go :-)

[5dally] 29/4/2009 20:44

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

[meict] 29/4/2009 17:49

Forget the charts, Hawtin has started to move and may, hopefully, gather momentum. I'd put some money in myself but this afternoon I spent May's pocket money - it was in a good cause, as you've already seen.

Perhaps I can get an advance, if I ask nicely, on the June pocket money.

At 9p, they'd still be selling at a discount to NAV of 50-60%!

[addict] 29/4/2009 16:19

About time too!

[5dally] 29/4/2009 16:11

Wel that did not work ,,,,where are the charts ,,,,pmsl :-)

[5dally] 29/4/2009 16:08

That buy has ticked us up :-)

[5dally] 29/4/2009 16:02

meict I only came across this while browsing and read your previous post ,,,,thanks and good luck to both of us, very overlooked and am happy to hold all IMO

[5dally] 29/4/2009 15:55

meict Was that your buy earlier ? think anyone getting in now could do very well with this lot all IMO of course

[meict] 29/4/2009 14:51

Hawtin's website has been recently updated with some properties being revalued.


Parc Nantgarw (sounds nice in Welsh) has a value of £6.2m! This was bought, at the beginning of February for £4.35 million whilst being valued at £5.35 million! The total upwards valuation is £1.75 million, almost 1.75p on the Net Asset Value! And more than 35% of the present share price.


Unfortunately, there's no sign of the Holywell deal, I'm expecting that there may be a serious revaluation on some, or all, of the commercial properties at Amersham, Berkhamsted, Cheltenham, St. Albans and Tring.


These were bought for £8.775 million, an average of £1.755 million and perhaps a little small for Hawtin. Undoubtedly, Richard Hayward, Hawtin's Property Guru sees considerable mileage in future property revaluations. On this I am willing to back him wholeheartedly.


The houses, bought at the same time, as the above five properties, whilst appearing to be a departure from Hawtin's commercial property interests. But Richard Hayward was in flats for many years and I suspect that these properties may be of three floors or more, each floor containing one, perhaps more flats. Probably occupied by aged grannies eking out their twilight years on pensions decimated by Gordon Brown. I wish them long lives!


The six residential properties were bought for a total of £807,500, or an average of
£134,600 - you'll not buy much there for that sort of money! The Rent Roll is £48,900 or £8,150 per property, a lot if this was a single occupancy but they are protected tenancies, which mean peppercorn rents!


So how many occupancies per building? I may be from the same tribe as Merlin but, alas, I lack his legendary power. We'll know soon enough, when the Company updates the website.


We, and Hawtin, will gain when each Granny, in turn, has to move into sheltered housing or into a care home. Then the flats will be renovated and sold, the housing market will have probably returned by then to its lunatic, ever-upward spiral.


I have made some calculations with the limited information (it would be handy if information about rent revisions were made available) at my disposal and have come to the conclusion each, and every, time that the Company is selling on a 75-80% discount of Net Asset Value. And I am also of the opinion that we will see further upward revaluations during the year.


There is still £15 million in the 'pull down' kitty, which I am also sure that Richard Hayward will invest wisely for us throughout the coming year. Once we breach the £100 million asset barrier, sometime in 2010, the share will start to motor.


mryesyes mentioned Institutional buying on 25 April (Post 190). Of the 100,339,798 shares in issue 65.02% (65,243,294) are held securely by Richard Hayward (21,500,000), Martin Warner (10,000), The Thorne Barton Discretionary Trust (10,000,000), E. Drizen (9,907,183), Tribeca Property (8,611,111) and Christopher Hazell (5,225,000). A fair amount of the remaining 34.98% (or 35,096504 shares) is possibly held by small holders like ourselves, some having invested many years ago.


With the issue of 20 million new shares for part payment of the Holywell purchase, Richard Hayward, directors (excluding Martin Warner) and people mentioned above will have seen their holding percentages considerably diluted and may want to return to the status quo. They cannot yet buy and it is undoubtedly to our advantage to put some more shares into our portfolios now. There will never be a better opportunity to buy than now and if there is one thing that I can thank Gordon Brown and his cohorts for, it is for reducing Hawtin's shares to such a level that I can buy pounds for pence! I would not be at all surprised if some members of this Bulletin Board already have considerable holdings.


What I cannot understand is why Hawtin used paper to fund £900,000 of the Holywell purchase. With the huge discount to net assets it is totally impractical to use paper for acquisitions or to raise capital by issuing new shares.


But, as I've said before, with Richard Hayward on board Hawtin should be selling at a premium to, not at a tiny fraction of the Net Asset Value. And when again will you be able to buy a share, in Hawtin, for less than its face value?

[5dally] 28/4/2009 12:42

This lot seem to have some well respected management IMO

[pav 1] 28/4/2009 12:15

mmm... will take a look at these

[5dally] 25/4/2009 17:57

Well took a drive and had a look, as far as I could make out all units APPEAR to be occupied,a couple of names,,,NationalMarine.co.uk ,,,,Circuit Express..Community Caring ,,,,,Plus the ones you are aware of....hope this helps

[5dally] 25/4/2009 15:43

Just browsing and came across this thread,,,,,very interesting as I live very close to Champions Business Park, in fact drove around it only last week and it does look to be very busy,,,,,I know a local Health Care provider has taken offices there that would be on a long term lease, also a fitness club,,,,will have a look round when I get time and will be happy to report any finding's

[mryesyes] 25/4/2009 15:34

Scrolled back, on Thursday there were several purchases including 100,000 at same price (£5000 deal value), so someone is going long on this, with all the big shares rising, to be spending on this suggests an insider knows something IMHO, probably a junior employee with inside info spending all they have, £5000 on Thursday then they find another £1500 yesterday.
THG are better on paper and Safel;and has no trades at all.
Someone small in the co is very sure something is happening. Buys too small to be institutional.

[mryesyes] 25/4/2009 15:25

Purchase yesterday of 30,000 at 4.835 (£1500 inc dealing) indicates sell price of 4.55

[addict] 23/4/2009 09:49

Months of inactivity on the share price but now edging up a little.Could be worth a small punt-I'm in for a few.DYOR.

[sharw] 12/4/2009 13:26

Edit - no longer applies