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HPT High-Point Ren.

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Share Name Share Symbol Market Type Share ISIN Share Description
High-Point Ren. LSE:HPT London Ordinary Share GB0004254214 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
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
- 0 GBX

High-Point Ren. (HPT) Latest News

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High-Point Ren. (HPT) Discussions and Chat

High-Point Ren. Forums and Chat

Date Time Title Posts
22/9/200307:07HPT - Bottomed ?? (70% Fall)368
10/10/200200:15HPT positive outlook, forward pe 596
23/10/200100:29Down 30% this Morning. Mrk Cap Ј8M - Profits (norm) Ј3M-
07/9/200117:13HIGH POINT RENDELL (HPT) - going higher!121

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High-Point Ren. (HPT) Most Recent Trades

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High-Point Ren. (HPT) Top Chat Posts

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Posted at 09/9/2003 15:29 by land rover
See clause 11 (Compulsory Acquisition) of Recommended Cash Offer. Valid acceptance of not less than 90% is required...or such lesser percentage as Charco may decide provided that this condition will not be satisfied unless Charco have acquired or agreed to aquire HPT shares in aggregate of more than 50%.

Seems like charco are in the front seat on this one with 57% of HPT shares already being acquired - the rest is surely history! Good luck if you can get more than 4p
Posted at 01/9/2003 10:08 by minesapint
It seems to me that the only rationale for the INDEPENDENT shareholders to promote the current derisery offer is the possibility of the withdrawal of banking facilities. The continuation of banking facilities appears to be contingent on the collection of (disputed) fees.
It seems totaly wrong that it is the CONTINUING directors (Hingley and Trendel) who are attempting (or not)to negotiate the collection of these claims. The sums involved appear to be greater than the market capitalistion. There should be a totally independent report by a qulified accessor on the collectibilty and amount of these claims. Anyone able to indicate where to find this critical information?
Incidentally shareholders have been hung out for nearly a year for this offer.
Remember this:


What happened to that premium to the then current share price?
Where is the rationale?
Why are Instutional shareholders seemingly so complicit?
Posted at 29/8/2003 11:50 by hooley
Too many omissions in the MBO statement to make up my mind. My biggest worry is that the institutional holders have agreed to 4p when they could have financed the business through to the announcement of the audited accounts. The comment that the lenders MAY NOT extended the loan seems a bit shifty - what would they gain if they put in an administrator? We appear to have a backstop at 4p and even if MBO gets no more stock, the board may decide to cancel the quotation. Non-assenters would then hold 43% of an unquoted and if there was a continuing profit recovery, the should be a good prospect of a later, substantially higher bid for the balance, based on the full year's results and this year's prospects. My guess is that if there is a lot to go for the MBO will pay up to take the whole lot. If this business is able to generate £1.5m profit at the operating level, with fincing on firm footing, then a potential share price of 30p is not unrealistic. I wouldn't feel mugged if 15p or so were offered.
Posted at 23/8/2003 23:27 by ken50
Despite the maanagement portraying otherwise this deal is not inevitable.
They still need to get to 90% on acceptances .
It will be extremely difficult at an offer price of 4p.
I don't believe the implied threat to put hpt into administration if shareholders don't accept this offer quickly.
Saying take our offer NOW or get get nothing in not so many words is simply an attempt to get small shareholders to act rashly and line the managements pockets.
The longer small shareholders delay accepting this offer the more likely the management will offer more or a new bidder will emerge.
I will be simply waiting and ignoring the scare tactics of management.
Time is the friend of the small shareholder in this instance and the enemy of an opportunistic management.
The longer we wait the more opportunity a rival bidder will have to put forward an offer.
HPT management know if they don't steal the company quickly they won't get it at all.
Posted at 07/8/2003 14:34 by hooley
Rockbottome - Apologies, I got the point one placetoo far to the left. I think the heat's getting to me. With £1.25m pretax profit, taxed at 30%, the eps comes out at 3.4p, an implied share price of 51p if a multiple of 15 is applied.
Posted at 04/8/2003 10:35 by le turk
Am I missing something here? NtAV at 14p, market cap. 1.3mil. turnover some 26mil. share price 5p, and people question the value offered by this share!

I must be stupid as well as ugly.

see you lot at 14p.
Posted at 28/7/2003 22:42 by pylon
The management issued a statement in October 2002 that they had received an offer for the company in xs of the prevailing share price at the time (circa 20p).

The current share price may well be an opportunity to top up, in which case the management would be our allies.

Even 20p per share is too cheap for the company, but perhaps holders would be very happy to get that having seen the shares as low as 2p.
Posted at 23/7/2003 18:24 by ken50
I think the outlook for this share is very positive.
Ultimately value always asserts itself in a fair share price and I see no reason to think HPT should be any different.
Posted at 15/7/2003 17:05 by targatarga
Garth your right. Everytime management of a dodgy stock try and buy a company they rip the ordinary investors off. VCT'S make a lot of money offering managers money to get a company on the cheap. The management of hpt have yet to do me any favours. Just look at the share price graph over the last few years.
Posted at 11/6/2003 20:15 by ken50
Spread is massive and quite offputting only if you believe HPT is either fairly or slightly undervalued.
I believe when the loan of £2.9m is closed out and the price moves up the historical spread will be irrelevent.
My view is obviously a minority one or the share price would already be much higher.
High-Point Ren. share price data is direct from the London Stock Exchange

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