Heywood Williams Share Discussion Threads

[rbonnier] 31/10/2003 11:34

Buys going through at the mid price a terrible sign!

[sirshagalot] 31/10/2003 11:12

yes 50 p is my target shorts on
listens to dido track white flag! only a plonker would buy

[johnwalton] 31/10/2003 11:09

Vision 88 lol

Dont forget it took the titianic a long time to reach the bottom,and ido believe the band played on[if you catch my drift].

[vision88] 31/10/2003 11:02

johnwalton lol

i might buy these next week as salvage

[vision88] 31/10/2003 10:59

ill watch with interest , especially the close of the day position

[johnwalton] 31/10/2003 10:59

Who are the people buying today?

1.People averaging down.

many have made this mistake only to be in worse financial position
down the line.

2.People buying on hope of bounce after large % fall

I PUT THIS DOWN TO THE TITANIC SYNDROME.

You will always find somebody willing to board just to listen to the
band play.

[pictureframe] 31/10/2003 10:48

Think you will see some huge sells timed now and earlier appear towards the end of the day. MMs delaying them for some reason.

The days of everyone buying a share because it drops 40% are gone.

[vision88] 31/10/2003 10:45

ask your self this question from a small sale trade 113 there were 7 follow on buys then another sale trade 121 the price sold was 2p lower than the bid shown, now with all those buys!! it seems the mm are having a Ball they know its worth.

[pictureframe] 31/10/2003 10:31

Turnaround earliest 2006 , have 25 million of costs in 2004/2005 , so no profit earliest 2006.

As said this will not hold up at this price and looks a good short if you do short stocks

[serious punter] 31/10/2003 10:31

johnwalton

Thanx for your comments. I just wondered where you got your valuation figures, or were they indicative of what you 'feel' is their worth?

[johnwalton] 31/10/2003 10:27

Serious Punter

Would you buy stock today @ this price?
I think not,the dividend has been holding the stock high.
Look at companies like invensys @ one point dividend 12%
everybody said buy for the dividend{stock collapsed on same news}
As for making money out of a recovery play all will depend on the company
doing an about turn and keeping part of the divi in short term,long term as company states its a 2yr turnround.

[vision88] 31/10/2003 10:22

i have no idea why there buying this 50 pence stock, must be finnancial machists

[mitzis] 31/10/2003 10:20

I would buy at 65p to 70p....in my opinion.

[pictureframe] 31/10/2003 10:08

Why people are buying this I do not know. Oh well each to their own.

Will get in at 25p when it gets there

[chef] 31/10/2003 09:26

true. It will have a tiny bounce like all warnings do and then down it goes

[pictureframe] 31/10/2003 09:22

chef I think you may have some milage yet. At least another 50% needs to come off to make it fair value

[chef] 31/10/2003 09:19

Should have bloody shorted it!!!!!!

[pictureframe] 31/10/2003 09:10

ok read this bit and tell me why you should buy at this price ??

My target is 25p

"The total charge related to the above is circa #25m of which circa #12m is cash
to be expended over 2003 and 2004. It is expected that this cash outflow will
produce a payback in two years."

So on top of the £3 million loss there will be another £25 million...

[pictureframe] 31/10/2003 09:05

I did hold these a short time ago , sold after the divi. Glad I did !

Now there will be over 3 million loss for the year the debt looks like it will cripple the company. Share dilution looks a cert

[wyorke] 31/10/2003 09:03

Yes,price downside at 50-55P, upside only 85P.

[mitzis] 31/10/2003 08:58

net asset value is 74p.....

[serious punter] 31/10/2003 08:52

john

How do you arrive at 55-65p? I do not hold yet either, but may look at a recovery play.