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HICH Hichens Harr.

281.10
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
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 Shares Traded Last Trade
  0.00 0.00% 281.10 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 281.10 GBX

Hichens Harrison (HICH) Latest News

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Hichens Harrison (HICH) Discussions and Chat

Hichens Harrison Forums and Chat

Date Time Title Posts
06/11/200920:17Hitchens Harrison Plc430

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Hichens Harrison (HICH) Top Chat Posts

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Posted at 06/11/2009 20:17 by harry punter
I must have a go at the FSA for not suspending Graham Shelly of Hichens and Harrison stockbrokers London ---for being the master mind and person responsible for setting up the Monaco Boys in dark glasses --an insider share dealing ring and a huge money laundering crime syndicate still oprating the london markets today

kindest regards Harry
Posted at 05/4/2008 03:37 by ukeagle2aus
Ah well, £55m was a real bargain for the Indian boys IMO.

Before the recent slump in the markets I used a consultant and came to the conclusion 400p was a good target price for HICH. Bought in at 202p sold at 275p to buy more SLN (Pharma), so I am not complaining.

Still, we move on to other things.

Good luck all and Gamblor are you still holding SLN? If so, I still have a feeling it has plenty of legs (my opinion, no tip for anyone else!).

Eagle
Posted at 31/3/2008 07:59 by czar
Looks like another great British company is being picked up on the cheap by the Indians. We cant blame the Indians or the Chinese for plundering our best companies when investors here run round like frightened sheep selling down good companies to the point its just a no-brainer to buy them out. HICH at £49m with cash/financial instruments of £21m and profits likely to be in the £10m to £12m range this year is being taken out at about 2.5x earings/enterprise value. What a steal, our only hope is another bidder comes in soon.

NB Panceltica comes to AIM today
Posted at 19/1/2008 12:33 by gamblor2
Eagle - £4 was my initial target too - but that was prior to the upbeat statement from the co, which leads me to believe we could go past £4 - though I watch with caution.

I expect a bounce back in the general market in this week to come, and hope HICH rides that to the 330p level.

SLN - yep, still waiting for the elusive 'news'.... got a feeling i'll be holding for quite a number of months yet to recover my investment.

Best of luck

G.
Posted at 08/1/2008 09:26 by czar
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?
Posted at 06/11/2007 08:24 by czar
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.
Posted at 09/10/2007 07:43 by czar
Interesting. A deal with HICH and WHI would make sense and create a powerful player but my money is on bigger predators in the sector that will take out WHI, HICH and DAN. All three look seriously undervalued and the shares of HICH and DAN have come back 25% on the silly panic about subprime. HICH delivered a stonking set of half year numbers which exceeded last years full year, growth is running at over 100%. I fancy DAN will also deliver strong interims soon after last years debacle thanks to those insane Yanks giving all the listed gaming companies to the mob for free!
Posted at 08/10/2007 18:37 by big fat mama
Oldest broker covets Ireland

Chris Barry

8/10/2007


THE City of London's oldest stockbroker is believed to be the leading suitor for Manchester broker WH Ireland.

Sources believe Hichens, Harrison & Co, which was founded in around 1803, will see Ireland as a `perfect fit' with its business.

The source, a close watcher of the sector, said: "I'm sure the bid will come in at around 200p per share, maybe 10p or 20p more, if there is a lot of interest in it.

"It's well run and is an attractive play. The building in Manchester must be worth £8m to £9m, and it's got around £12m of cash, too."

A 200p per share bid for St James's Court-based Ireland would value the company at £32.48m.

A spokesman for Hichens, Harrison and Co, which has a market value of just over £50m, said it had `no comment' to make.

Like WH Ireland, which has branched out from its core broking business to offer corporate finance and investment management, Hichens, Harrison and Co has expanded into new areas in recent years.

Niche

Both firms have international operations.

WH Ireland is particularly strong in Australia, where it has developed a niche business floating mining companies on AIM.

Hichens has offices in Argentina, Dubai, Indonesia, Malaysia and South Africa.

Shares in WH Ireland rose 10 per cent on Friday to 190p, after the company revealed it had received a number of approaches which could lead to a bid.

It is the second time in the past three years that it has been in a takeover situation.

The biggest individual shareholders are chief executive Laurie Beevers, who owns 15 per cent, and managing director David Youngman, who holds 14 per cent.

In July, Ireland posted a strong set of half-year figures, with turnover in the six months to May 31 up 35 per cent to £21.5m, and profits leaping 58 per cent to a record £3.69m.
Posted at 17/5/2007 00:20 by stegrego
Shares Mag - Set to Fly


Hichens, Harrison & Co
(HICH:AIM) 301p
Sector: General Financial
Market cap: £45.2 million
3-month relative strength: 56.5%
1-year relative strength: 25.4%
A 2006 PE of 26 implies the stock has been
highly valued and a decent rise above the
FTSE All Share suggests the company is
performing well on the market. But there is a
nagging feeling that its capabilities are not
fully recognised. Hichens Harrison is the
oldest surviving broker in the City – the firm
was operating before 1803 – but it stands in
the shadows of its competitors, which is a
shame, as it is expanding rapidly and looks
like going on to bigger and better things. The
firm recently ended a three-year run of red ink
and is currently seeing strong trading,
especially in its contracts for difference
division. Hichens finished 2006 with 52
corporate clients, having raised over £150
million for them over the course of the year.
That compares with the £90 million it raised
for just 36 clients during 2005. Another string
to Hichens's bow is its expanding overseas
operations, which include bases in Asia,
Dubai, South Africa and South America.
These offices are starting to send meaningful
business through to the London HQ. The
pipeline of foreign deals is good and investors
should expect them to represent a growing
proportion of group revenues.
Posted at 03/5/2007 09:21 by 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
year);

* Established Hichens, Harrison (Middle East) office in Dubai, became 17th
member of DIFX and DIFC;

* Established Blomfield Street Securities, an FSA registered corporate
finance adviser;

* Further developed both Hichens, Harrison (Ventures) and Hichens Investment
Management;

* 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

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