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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Hichens Harr. | LSE:HICH | London | Ordinary Share | GB00B07J6J08 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 281.10 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
08/1/2008 09:26 | I'm sure there are plenty of potential bidders for Hichens but I can't see the managemnet or the institutional shareholders selling out of this gold mine for some time. The business is at an early stage and 100% eps growth should command a pe of at least 25x. They look well on target for £12m this year so what is a fair price? | czar | |
08/1/2008 09:17 | i ehco that. | billys boots | |
08/1/2008 09:03 | Burn the shorter!!!(s) Roll on the bid and a nice profit for us who have invested the right way! Eagle | ukeagle2aus | |
08/1/2008 07:48 | Today's Times: Hichens Harrison, the stockbroker, rose 33½p to 243½p after saying that it was confident that growth had been impressive in the second half. It has also been subject to takeover talk. Any bid would have to be north of a fiver but I can't see these guys selling out yet, they are just getting started. Apparently there is a big short position trying to buy back - that should be interesting. | czar | |
07/1/2008 08:55 | HICH are growing profits at over 100% a year and it now looks clear that they made £6m last year and are confident of making £12m this year. The cash/financial instruments pile must be £17m at the year end. That puts them on 1.5x earnings for this year (ex cash) with over 100% growth rate. This valuation is wrong. I'm topping up. | czar | |
03/1/2008 21:43 | Hichens investment in XGT going down the toilet nicely I see ..... | goodnight vienna | |
03/1/2008 16:10 | still fancy SLN myself, but czar if i see a fiver i would be over the so called moon. | billys boots | |
03/1/2008 13:03 | Another big deal from the Middle East. Pretty confident now they will have made £6m last year and be on track for £12m this year, thats 3x earning for 2008 or about 1.5x exc cash. We will see £5 broken this year and most likely £6 as well. My nap for 2008. | czar | |
17/12/2007 22:04 | looks like this one is going down to below £1.50 soon............ | saraho | |
05/12/2007 11:48 | Today's deal must put $2.5m on HICH's bottom line with more to come next year on the ipo. The market is not interested but HICH is making tremendous benefit of its overseas offices. Can they keep doubling profits year on year? Its a tall order but perhaps they can. | czar | |
28/11/2007 17:04 | plus financial instruments £14.8m makes £16.8m ie over £1 a share, plenty of potty prices around at the moment, whatever its time for me to buy more. | czar | |
09/11/2007 14:13 | The last results show cash left as £2m................ | saraho | |
09/11/2007 07:32 | Yet another bid for a broker, is that 5 or 6 bids in the last few months, with this degree of consolidation DAN and HICH look so undervalued they are obvious targets. Close Bros Statement re Possible Offer RNS Number:2677H Close Brothers Group PLC 08 November 2007 8 November 2007 Close Brothers Group plc ("Close Brothers") Statement regarding possible offer The Board of Close Brothers notes this morning's announcement by Cenkos Securities plc regarding a takeover approach to the Company. The Board confirms that an approach was received on 7 November 2007 from a consortium of Cenkos Securities and Landsbanki at a level of 950 pence per share in cash. The indicative offer was highly conditional, and no discussions have been held with the consortium. The Directors consider that this offer is wholly inadequate and accordingly have rejected the approach. The Board does not propose to pursue discussions with the consortium. | czar | |
06/11/2007 08:24 | No working capital??? HICH had £10m and has raised £4m cash from two leading institutions at 350p and 375p recently. There is a shorting campaign including all sorts of malicious rumours but I just see it as an opportunity to buy very cheap stock. Carry on shorting gentlemen, but try sticking with the facts. RNS Number:7194B Hichens Harrison & Co PLC 08 August 2007 8 August 2007 Hichens, Harrison & Co. plc ("Hichens, Harrison" or the "Company") Placing Hichens, Harrison, the City of London's oldest firm of Stock brokers, is delighted to announce that it has today placed 650,000 Ordinary Shares to Blackrock Investment Management at a price of 350p per share, raising funds of #2,275,000. These funds are to be used for the Company's continued expansion strategy. As a result of this further purchase Blackrock Investment Management now holds a total of 1,300,000 Ordinary Shares in the Company representing 7.91% of the issued share capital of Hichens, Harrison. Application has been made for the new Ordinary Shares, which will rank pari passu with all existing Ordinary Shares, to be admitted to trading on AiM and it is expected that such admission will be effective as of 8am on 14th August 2007. FOR IMMEDIATE RELEASE: 22 June 2007 Hichens, Harrison & Co. Plc (the "Company") Issue of Equity Hichens, Harrison & Co. Plc, the City of London's oldest firm of stock brokers, is pleased to announce that it has completed a Placing of 438,332 New Ordinary Shares at 375p per share, raising £1,643,745 gross. The proceeds will be used for general working capital purposes. As a result of the placing there are now 15,647,832 shares in issue.Application has been made for the new Ordinary Shares, which will rank pari passu with all existing Ordinary Shares, to be admitted to trading on AIM and it is expected that such admission will be effective as of 8am on Friday 29th June 2007. | czar | |
04/11/2007 22:09 | I agree czar seems to be talking this up for some reason.............. | saraho | |
02/11/2007 16:58 | seems to clear to me from chart where this is going, rumours in the market that they are having trouble hiring good people plus they are letting people down in raising money. Why cannot these smaller brokers understand that the money is to be made in doing what they are supposed to do well, rather than grand talk about old style merchant bank. Next stop 200p i predict | agreeable | |
28/10/2007 16:24 | Rapid expansion is not without risk but the reward will be huge as they pull it off. With London brokers delivering solid results and several takeovers in the sector HH cannot stay at this level for long. The accolade of "London's oldest broker" doen't count for much here but in many parts of the world it is extremely important and opens doors. I can see HICH beating the £12m profits forecast for 2008 and the shares at the £10 level...........as long as they don't do a Barings. Time will tell. | czar | |
17/10/2007 09:41 | this is nonsense about London's oldest broker as if it counts for anything, Barings was London's oldest Merchant Bank! This is an business that is expanding on all fronts at the same time, London, Dubai, Asia, South America, how much management resource does it have to manage these businesses. the CEO before buying into HICH was part of a management team that nearly ran Teathers into the ground when it over-expanded. This is another accident waiting to happen, see my previous comments on CART before the shares fell out of bed | agreeable | |
16/10/2007 07:52 | should have been sold by now.I can see a Northern rock plc profile here......... | saraho | |
16/10/2007 06:20 | Agreed HH is a very dynamic operation and could easily be making more profit than thie entire market cap a few years out. Leveraging the reputation of London's oldest broker around the world is brilliant and they are delivering the profits. The only danger is they might get taken out at a silly price before they fulfil their potential. So many bids in this sector now, HH cannot have gone unnoticed; £15m cash profits £6m this year, £12m next make them the cheapest House in town. | czar | |
15/10/2007 11:43 | That sounds like sour grapes to me. The CEO and his team have built a once morabund stockbroker going nowhere fast into a dynamic broker doing exciting deals both here in the UK and around the world. Profits have been growing fast and they look to have a bright future ahead. IMHO | badgerry | |
12/10/2007 14:47 | now is the time to dump this share imho, a series of small deals around the world which will be difficult to monitor, a ceo who is running around like a headless chicken, a weak nomad, and grandiose talk about building another old fashioned merchant bank. That would be rather like Barings then?....wonder whatever happened to them | agreeable | |
09/10/2007 08:55 | the regulators will not approve this deal imho | harry punter 2 |
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