|Hichens Harrison & Co.
||EPS - Basic
||Market Cap (m)
Real-Time news about Hichens Harr. (London Stock Exchange): 0 recent articles
|niceguy665: Does anyone know why the company has raised 3.6 mil in the last month or so. If there was a genuine need for this "working capital", surely it would have been raised in one go, not every 4 weeks or so. Does anyone else feel the management is looking at the share price thinking that it can't possibly go higher (and may collapse), so they are issuing shares to make the best of it? Or is it just bad management that they've got no idea how much cash they need, and so we should expect this type of activity on a regular basis? I for one, would like an explanation from the management. There was certainly no mention earlier by management for the need for 3.6 mil for upcoming projects?! It all seems a bit suspect, and I think an explanation is called for.|
|stegrego: Seems they are maybe artificially keeping the share price back to allow a takeover?
'we do not like to see artificial spikes in the share price due to shortage of stock'|
|nurdin: Stegrego..in the companys words 'we do not like to see artificial spikes in the share price due to shortage of stock'.The issue of shares also expands their share holder base which is healthy for the company.|
|liarspoker: The results benson:
Embargoed: 0700hrs, 2 April 2007 Hichens, Harrison & Co. plc ("Hichens" or the "Company") Final Results for the Year Ended 31 December 2006 * Turnover increased to £12.7m (first half £5.6m) - up 68% from 2005;
* Operating Profit (before share based payment and restructuring charges)
rose 156% - over double the rate of turnover growth - to circa £3m (first
half £1.2m) from £1.2m;
* Corporate Clients as at end 2006 stood at 52, for whom we have raised over
£150m in the period (up from 36 Corporate Clients for the same period last
* Established Hichens, Harrison (Middle East) office in Dubai, became 17th
member of DIFX and DIFC;
* Established Blomfield Street Securities, an FSA registered corporate
* Further developed both Hichens, Harrison (Ventures) and Hichens Investment
* Added Healthcare and Education to Hichens other core research sectors of
Financial Services, Energy and Mining and Technology.
Looks like they are expecting EPS of about 28p for this year. Put that on a reasonable multiple for that sort of growth and you get a share price of over 400p. :O)|
Hichens Harrison share price data is direct from the London Stock Exchange