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Henderson Share Discussion Threads
Showing 26 to 45 of 50 messages
|Look under HGG ...... (sigh)|
|Should the share price not be reading around 150P???|
|Looks a good deal today. Henderson have certainly done well to pick up New Star and Gartmore for the prices they have done.|
|Look under HGG .....|
Another broker upgrade|
|Hi everyone.I've been following HGI for quite a while now, but still struggle to fully find out what's going on there. It's started to look like a reasonable punt now it's nearing the 100p area. Anyone thinking likewise?
|The price hike over the last few days is just a correction for the mis-alignment of the special dividend and the stock consolidation. If the share price had been 138p then it would've been ok, as it was closer to 175p pre consolidation, it's had to adjust to 185p post consolidation.|
|The PR output from this company is indefatigible and full marks should be given for its redoubtable efforts as it pushes its shareprice upwards and onwards with spoecial dividend; presentations and general hype. However there is no smoke without fire and rumours last summer that its funds took on board a lot of toxic waste in the form of credit derivatives may yet have their consequence despite blanket denials from the board. Be warned.|
|In the FTSE 250, asset manager Henderson Group recovered 5¾ to 131¼p. Like the rest of its sector, it has tumbled on worries about the fall-out of the credit crunch, having traded as high as 176½p last month. Dealers bought into the stock ahead of Friday's interim results, where it is expected to update the market on plans to return up to £250m to shareholders.
|Any thoughts with results Friday?|
|I have been following the latest thread on Henderson with interest. I am particularly indebted to Bohemia for the letter he attaches from J Kyle Bass of Hayman about the smoke and mirrors exercise used to dump sub prime risk on unwitting and credulous investors. It is outrageous. Moreover Bohemia is correct that it is unfair that such an august name like the Henderson Group is now being tarnished with participation. But like Simon Cawkwell I too have heard such rumours and from more than one source. Can I suggest that a senior officer of Henderson issues a statement to the market that such rumours are baseless and without foundation and clear this matter up?
However I must disagree that it is a defence that a AAA rated fund is marketed to investors who believe that the AAA rating reflects the quality of the investments when it only reflects the previous PERFORMANCE. If I bought into such a fund believing that I was buying a portfolio of well-managed AAA rated instruments only to discover they were ZZZ, I would rightly feel I was misled and would certainly seek redress in law for any loss that I had consequently suffered.
But even if these damaging rumours about Henderson are indeed baseless, I must concur with both Bohemia and Simon Cawkwell that Henderson is a sell. On fundamentals it is over-valued by at least 35 pence. Its recent highs have been propelled by bull market sentiment. I foresee market gravity taking it back to 100p in the near future. But if any of those rumours about Henderson prove true, though my name is Skythelimit, the Henderson share price will be a case of Plumbthedepths.|
I think that if you reconsider what I have written you will agree that I have taken some care not to level anything against anybody specifically.
|Surely though the rating is the responsibility of S&P and or Moodys, unless someone - the originator or intermediary - mis-stated what the underlying loans were like. But HGI wouldn't appear to fill that role, and it seems a little unfair to level that against them Simon.
Not that there isn't a great deal of litigation to come. This is well worth a read: http://www.dealbreaker.com/images/pdf/HaymanJuly07.pdf
(Disclaimer: I am short HGI anyhow!)|
Apparently, some of these CDO funds have been sold as AAA rated. This may be another split capital litigation schemozzle in the making. Any fund group thus engaged is going to have a torrid time.
Looking at the a chart this would seem a good risk reward sell in these markets?|
I understand that HGI has run into trouble on derivatives in mortgage debt markets. I do not yet know whether this is on their own account through proprietary trading or for their clients or both. Time will tell.
|lovely uptrending chart and NOR situation although this could apply to many stocks in this raging bull market ! Sorry but what is "peg" ?|
|I've just bought in. Cue for it crash and burn - i hope not.
But the sheer momentum and low peg does get my interest. I'd be interested in hearing some more informed views?|