Heywood Williams Share Discussion Threads

[pre] 01/10/2009 12:52

another 1million buy gone through on plus above offer....

[pre] 01/10/2009 12:34

....buys flooding in....

[pre] 01/10/2009 12:33

2.25p to buy on plus??

[knowing] 01/10/2009 12:32

Can someone explain if theses are delisting or moving from the main market? They state value for shareholders but it is damn confusing.

[pre] 01/10/2009 12:14

another 1million buy...interesting

[pre] 01/10/2009 11:21

9 million buy?

[knowing] 01/10/2009 09:13

You scratch my back I'll scratch yours.

[realraffles] 01/10/2009 09:03

I think there was always going to be a serious dilution but what really rankles me is that the management and executives are getting 10% of the equity when they were the ones that were running the company and, although market conditions have gone against them, have not been held accountable for indebting the company so heavily. In fact they have been REWARDED for it!!!!

[wskill] 01/10/2009 08:46

Did not think that the banks would leave shareholders with so little I am sure a rights issue would have been possible but not so profitable for the banks.

[knowing] 01/10/2009 00:21

So nearly back to it's recent lows.

[knowing] 28/9/2009 13:30

Have been looking further but not sure. Seems a bit of an overhange as currently can buy at 3.9

[wskill] 28/9/2009 13:14

Bought in today after a few calcs my thinking is a 50% dilution with a placing and rights issue similar to Cosalt banks seem to be a bit more lenient to companys requiring cash these days worth a punt at this price L2 also looking good.

[rottweiler01] 24/9/2009 08:30

Hopefully Barclays are not increasing their stake for the wrong reasons and a bit of stability here would help, along with a bit of management buying

[knowing] 17/9/2009 23:21

Don't think we know at present. Presently this is priced to go bust so confirmation of re-finance will certainly see a rally IMO.

[spadman] 17/9/2009 22:47

What a small world, I took up the RI in Findel plus the extra shares that were on offer and made a very nice profit, obviously if such fund raising is a success then the companys market cap should increase by at least the money raised add to that the improvement in financial position and it should be smiles all round. Just make sure your position isnt so large that you cant afford to take up your quota of new shares otherwise you will be diluted out.

How much are Heywood looking to raise, do we know?

[knowing] 17/9/2009 19:27

Dave no idea but it will be significant for those holding at higher levels. What will be interesting to follow is how much of a recovery is made after the dilution as many (STY,FDL etc etc) have made significant gains.

[spadman] 16/9/2009 12:28

realistically knowing do you know what the NAV is, i can see AFN quote 45p but that seems too good to be true at this price.

Anyone have a reasonably accurate NAV they can quote?

[knowing] 16/9/2009 11:20

Not sure SPAD but there are some large buys going through like the delayed 250K just reported.

[spadman] 16/9/2009 09:29

We found the floor have we... I think we might have.

[knowing] 15/9/2009 13:05

LONDON -(Dow Jones)- The U.K. housing market continues to show strong signs of stabilizing with the latest quarterly data from the Financial Services Authority reporting an increase in mortgage lending and a decline in the number of homes being repossessed by lenders.

The total value of outstanding loans grew 1% in the second quarter of the year to GBP12 billion compared with a year earlier, with 51% of new lending in the second quarter coming from mortgage lending, the FSA said Tuesday.

The report also shows that new home repossessions actually fell 9%, or by 1,274, in the second quarter from the first quarter to 13,610. That compares with a rise of 11%, or 1,649, in the first quarter and is in line with data from the Council of Mortgage Lenders published last month.

"As research published yesterday by the Building Society Association shows, the earlier a borrower contacts their lender, the more likely they are to stay in their home," said Paul Broadhead, BSA head of mortgage policy. "Borrowers contacting their building society will find a sympathetic response and that their society will work with them to help overcome their problems," he said, adding that publicity around government schemes "is encouraging borrowers to contact their lenders earlier."

The FSA also reported a 14% decline in the number of home owners who have fallen into mortgage payment arrears compared with the first quarter of the year.

The quarterly FSA survey comes hot on the heels of the first positive house price balance reported by the Royal Institution of Chartered Surveyors in two years. RICS' August house price balance rose sharply, and by more than expected, to +10.7 percentage points from a balance of -5.7 percentage points.

The positive balance marks the first time since July 2007 that the number of surveyors reporting a rise in prices exceeded those reporting a fall.

The FSA also reported Tuesday that mortgage lending to first-time buyers rose around GBP2 billion in the second quarter of 2009 compared with the first quarter, to GBP5 billion.

However, mortgage lending practices remain restrictive, with the proportion of new mortgage lending approved at a loan-to-value of more than 90% falling to under 3% between April and June this year, down from a peak of 15% in early 2007, the FSA data showed.

Lending to consumers with an impaired credit history made up just 0.4% of new lending in the second quarter of the year, compared with 2.2% in the second quarter of 2008.