Hichens Harrison Share Discussion Threads

[gswredland] 08/5/2007 15:27

and at 500 supernova!

[madmix] 08/5/2007 15:21

"nurdin..you are the star for drawing people's attention to it!"

When the price exceeds £3, I think we can safely upgrade nurdin to "superstar" status. ;-)

[nurdin] 08/5/2007 15:14

Ta gswredland....:o)

[tadtech] 08/5/2007 15:07

Whilst it has been pointed out that Hargreaves Landsdown are not quite directly comparable they are floating on a PE of 21 on 15th May. This should create more interest in the sector, hopefully spilling over here.

[gswredland] 08/5/2007 15:04

nurdin..you are the star for drawing people's attention to it!

[nurdin] 08/5/2007 15:02

what a star! :o)

[domestos] 08/5/2007 15:00

Yes gswredland, its looking like 3 quid should be a given very soon .... ;o)

[tadtech] 08/5/2007 14:59

Based on conservative PE this should be trading closer to £4.50 especially after the extremely bullish vibes coming from the Board. Retail and Ins investor interest currently.

[gswredland] 08/5/2007 14:56

Moving very nicely in a poor market today

[tadtech] 08/5/2007 13:23

Hichens Harrison, the City's oldest firm of stockbrokers, is to expand into the Middle East by opening an office in Dubai. The move, announced yesterday, is part of the group's aim to become the broker of choice for emerging markets. It has already opened offices in Asia, Africa and South America. Hichens promises to appoint a prominent corporate financier soon with extensive experience in the Middle East and North African markets.
The business plan is simple. It opens low-cost offices in the emerging world and convinces local companies the best way to finance themselves is by raising equity on London's booming AIM. For that they get a fee, the size of which depends on the amount of money they raise. Hichens also gets paid an ongoing retainer for acting as the broker and nominated adviser to these companies.
For now, it is focused on servicing mining and renewable fuel companies. Among its most recent floats are BDI Mining, South China Resources and Peninsular Gold. The broker also covers the financial services and technology sectors. At present, its push into emerging markets makes it unique in the City and means it faces little competition. Over the coming months investors can expect to see Hichens open more offices abroad, most probably in eastern Europe.




An article posted back in June by the Independant gives a good overview IMO.

Still selling on a lowly forward EPS of around 11 compared to a sector range circa 17

[cockneyrebel] 08/5/2007 13:23

yep, I've added a few mins ago too, which is nice.

CR

[jakleeds] 08/5/2007 13:18

Edging up nicely in plunging markets...

[tadtech] 08/5/2007 07:49

Will be interesting to see if we get a holdings statement this week concerning the possible Middle East investor.


Broker 2 broker trade. Indicates stock stortage.

[liarspoker] 06/5/2007 23:03

The stake might be split between different accounts/companies etc. Irish entrepreneur Sean Quinn recently bought over 5% of Anglo Irish Bank yet it hasn't been disclosed. His holdings are through Credit Suisse who have a declarable holding. They recently announces again so I/we are not sure if Quinn's been adding or whether other large investors have increased their stake. But, yeah, I agree - it's a very interesting situation.

[tadtech] 06/5/2007 22:45

If there is a Middle East investor taking a stake via the placing it will have to be reported being over 3%. An interesting situation even moreso with the recent bullish mode of the Director statement with the results.

[liarspoker] 06/5/2007 22:18

Yep, thanks Domestos. :O)

Bodes well......lots of riches in the Middle East.

At a guess I reckon it was a client from the Dubai office but, of course, I don't know for sure.

[nurdin] 06/5/2007 21:19

Cheers Domestos..interesting :o)

[domestos] 06/5/2007 20:31

Liarspoker,

[liarspoker] 06/5/2007 20:08

What page is that on czar ?

Edit: And in which section ?

TIA

[czar] 06/5/2007 18:56

FT; Hichens, Harrison & Co rose 6.7 per cent to a new high of 280p amid talk that the 525,000 shares in the stockbroker placed yesterday were picked up by a Middle East investor.

[czar] 06/5/2007 17:28

Hichens strategy of having a string of overseas offices should pay of big time if they get it anything like right.

[stegrego] 05/5/2007 11:40

Hargreaves Lansdown arent really a 'broker' as such - well they are to the general public in the sense of buying and selling shares but they dont do any coporate work such as floats or NOMAD stuff.

[tadtech] 05/5/2007 11:32

Hargreaves Landsdown is floating on the main market this month at a forward PE of 21. Should stimulate even more interest here once people realise how undervalued this is.

Based on a conservative forward EPS of 25px21 it would value HICH at £5.25 a share. The "very reasonable" valuation mentioned (17 EPS) would take HICH to £4.25. Current forward PE is around 11 assuming a equally conservative £3.75m pre tax profit.

A note from a commentator on Hargreaves

Clear Capital, an independent research group that has been studying the Hargreaves Lansdown offering, thinks that while at a £600m the valuation looked "very reasonable" at around 17 times forward earnings - a £750m price tag, at about 21 times, looks rather less so.

[nurdin] 04/5/2007 17:08

Surprised that 10k buy didnt shift the price today...ah well there is always next week :o)

[tadtech] 04/5/2007 10:24

The modest issue of shares yesterday indicates the company is aware of investor interest and probably being brought about by their advisors to ensure a liquid market.

HICH historically has been thinly traded stock and any reasonable buying interest will move this fast.

More to come IMO and £4 does not seem at all racy compared to its peers in the same sector.