Hichens Harrison Share Discussion Threads

[nirvs] 03/8/2007 08:19

Joe Public - I have no idea what your above statements mean...care to explain? Ishorted HICH a couple days ago cos it looks weak...

[stegrego] 02/8/2007 09:32

I think HICH are actually doing their first AIM float in an age next week

6/8 - Strategic Natural Resources raising 3 million

Wonder if it will get away or not in this climate?

[czar] 18/7/2007 18:15

welcome aboard bigman hope you are still here to celebrate the break through £10.

[bigman] 18/7/2007 08:41

Hi folks, bought into this, interesting thread and company.

[saraho] 16/7/2007 15:15

results likely to be out by end of july.........

[czar] 08/7/2007 14:39

Last year interims were out on 15th August so I expect similar date this year. Last time £1.2m op profit so looking for something like £2.2m, maybe upto £2.4m, then we should see a move to £5. The view in Town is the acquisition of a stake in Unicorn is a canny move.

[peteark] 07/7/2007 07:34

If you are sick of Mr Ashley James trashing your thread, then simply visit his precious 888 thread and post your own message.

[mr ashley james] 07/7/2007 04:55

Looks like a sell now people IMHO, NAG, DYOR etc.

[domestos] 07/7/2007 01:26

The Quantum Leap report on HICH (June 2007) explains that in order not to distort the reported figures, the stake in XTG is held in a subsidiary, Hichens Ventures.

[stegrego] 06/7/2007 22:04

'its own account and for the account of certain clients'

Wonder how much of it belongs to HICH?

[czar] 06/7/2007 07:27

This little stake is worth $18m at todays price!

6 July 2007



Conversion of US$8 Million of Convertible Preferred Equity to Common Equity in
xG Technology, Inc. Subject to Restrictions on Disposal


xG Technology, Inc. ("xG" or "the Company"; AIM: XGT), the Florida based
communications technology business, is pleased to announce that Hichens,
Harrison & Co., a Convertible Preferred Stockholder (holding in aggregate US$8
million of Series A Convertible Preferred Stock on its own account and for the
account of certain clients), have applied to convert the Series A Convertible
Preferred Stock early into a total of 1,381,314 shares in the Common Stock of
xG. The Company has agreed to allow this following receipt of the commitment
that the holders will not dispose of any interest in the Common Shares for a
period of one year from conversion (save in limited circumstances, such as a
takeover offer for the Company), without the prior written consent of the
Company, after consultation and agreement with the Company's NOMAD for the time
being. In addition, the holders have also undertaken that they will not dispose
of any interest in the Common Shares for a further period of one year after the
first anniversary of conversion, save in limited circumstances, except through
the Company's broker for the time being, with a view to maintaining an orderly
market in the Company's shares.

An application will be made for the 1,381,314 new Common Shares to be admitted
to trading on AIM, which is expected to be effective on July 12, 2007.


xG is a registered trade mark of xG Technology, Inc. under US Trade Mark
Registration Number 3039835. xMax is a trademark of xG Technology, Inc.

[domestos] 03/7/2007 22:28

"I'll buy some of yours, if you buy some of mine." :o)


I remembered seeing this a few weeks ago:




Unicorn Asset Management Limited hold 6.91% of HICH shares in their Eaglet Investment Trust plc.

[badgerry] 03/7/2007 20:59

Difficult to keep up with these guys, NOMAD approval and increasing their stake in a quality Fund Manager in one day and financed it at 375p - well played chaps - keep it up!

[stegrego] 03/7/2007 19:09

They 'make' funds.

Probably the most well known is Unicorn Free Spirit (i held this for a year or two a few years ago), which had a very good outperformance of the All Share a few years back.

Quite a well respected fund boutique

[czar] 03/7/2007 18:40

Hitchens now own about 10% of Unicorn, no idea what Unicorn make but confident this will be a very smart deal. Thought we would be closer to £5 after getting NOMAD status, but looking at this thread I'm the only one reading the news.

[czar] 03/7/2007 07:03

Hichens is a NOMAD now, another raft of big fees, there is no stopping these boys!!!

[czar] 02/7/2007 16:56

Pimp - CEO say £12m profits are "virtualy in the bag" for next year, thats only 5x pre tax for a company growing profits at 100% a year; incredibly cheap, but of course we need more evidence that the £12m is achievable. The first step would be something around £2.4m (double last year's first half)for the first half just ended.

[stegrego] 01/7/2007 16:22

Is it me or does none of the above make any sense?