Hirco Share Discussion Threads

[horndean eagle] 16/8/2011 09:22

This independent report will probably be the basis upon which HRCO will look at any legal action against the Hiranandani's. If it can be shown that they are deliberately stalling the developments in order to avoid paying dividends then the court of arbitration may need to get involved. Bringing in independent project managers would be the ideal outcome for HRCO shareholders.

[nilip] 11/8/2011 10:24

edited - longer term chart ...

[nilip] 04/8/2011 23:46

I was about to say that HRCO has held up quite well given it's 20% rise recently - but we're seeing a few sellers this pm and the share price was starting to show weakness towards close again.

Dow closed down 512 pts - Yikes!!

Hard hats at the ready guys ...

[nilip] 03/8/2011 08:05

Wow!

Weiss look like they're buying heavily into HRCO.

[scburbs] 03/8/2011 07:33

Another 1.7m shares for Weiss, they are not hanging around!

Who is the seller? HSBC?

[mister md] 02/8/2011 12:24

can we expect some action here this month/year, certainly has a better feel to it recently ?

[hugepants] 02/8/2011 11:00

Hmmmm...I pre-empted the Weiss RNS by 5 minutes. Genius.

[praipus] 01/8/2011 19:39

Weiss buying even more


Anyone interested in tracking the rest of Weiss's holdings:

[hugepants] 01/8/2011 16:47

Some more trades of the chunky variety today. I hope its Weiss.

[mangal] 28/7/2011 20:39

The graph is beginning to look very interesting.

[hugepants] 28/7/2011 20:34

The market likes this news. There must be something behind it. Hopefully all will be revealed shortly.

[kenny] 28/7/2011 15:20

If a merger is achieved, even if this reduces current shareholders value e.g. non-"family" holders, it is still going to be something north of 300p per current share. So the shares could easily improve past 200p. Longer term they could rise towards 300p - as the value of the developments in India crystallise.

[scburbs] 28/7/2011 14:51

Having been in Hirco for around a year I am not very familiar with this type of share price movement! Do ADVFN have a chart inversion error?

[horndean eagle] 28/7/2011 14:25

UCP traded on a 97% discount when the shares hit 3p. I should know as I picked up stock at level. UCP look very attractive as well

[nilip] 28/7/2011 13:24

Never known of a company trading at < 10% NAV.

[nilip] 28/7/2011 13:02

Horndean,

Clearly the market is ecstatic about the departure of HSBC as nomad.

It appears that HSBC's interest here may not have been quite so innocent I suspect and there's obviously more to this than meets the eye of the PI.

With a NAV of circa £7.00, Hirco's current share price of a meagre 65p is already bordering on the insanely rediculous. Even if we assume the NAV 'may' incorporate some exaggeration ... let's half it to circa £3.50 - the current share price still looks insanely cheap and rediculous.

A 120% rise (to compare with your HAIK analogy) would take HRCO to ~ 140p ... would still fail to reflect a true valuation for HRCO.

Clearly Hirco is trading on a dirt cheap valuation.


AIMHO. DYOR etc, etc....

[kenny] 28/7/2011 13:01

Think there is more to this rise than we private investor's know - at present. Only guessing but perhaps talks on the long discussed merger of interests are progressing well.

[horndean eagle] 28/7/2011 12:43

Bit of a bizarre rally today. News was rather innocuous and not really anything to merit a 23.5% rise in the share price. Sold my HAIK a couple of days ago at 68 on what I thought was a rather innocuous announcement. Seems as though I done up like a kipper because the heavy buyer obviously had an inkling that today's news was on its way. Not the first time thats happened to me recently either. On the other occasion I missed out an a 120%+ rise in a couple of months because some scumbag was insider trading against me. Hoping more scumbags are at work and that we might be on the end of a rather more substantive bit of news soon. Fingers crossed.

[scburbs] 22/7/2011 16:15

Chennai seems to be doing well (HRCO project aside, although that is outside Chennai itself).

"Property prices in the Chennai region moved up by 15% in Q1

India Infoline News Service / 14:31 , Jul 19, 2011

This clearly reflects that the overall sentiment of the sector has improved significantly since the downturn and the property prices are on the path to recovery.

A study by 99acres.com, India's no 1 real estate portal revealed that the property price trends for the Chennai region have seen an escalation if we compare per square feet prices(PSF) of Q1-11 over Q1-10. This clearly reflects that the overall sentiment of the sector has improved significantly since the downturn and the property prices are on the path to recovery.

Commenting on the same Vineet Singh, Business Head, 99acres.com said "Chennai market is relatively strong and stable in nature as indicated by the year on year healthy price increase. There is adequate supply and demand in this market and the increase of 15% is not abnormal. Therefore end-users/first home buyers can look to buy property at the current rate as prices are expected to grow at a similar pace over the next twelve months as well'."

[praipus] 20/7/2011 11:06

EIH is another Weiss holding 40% discount still!

[lbo] 20/7/2011 10:47

Grant Thornton India Watch Index outperforms all major London indices for the first half of 2011



When looking at Q2 2011, the best India Watch Index performers were EIH, a non-equity investment instrument, which gained 20.91% and two property companies Alpha Tiger Property Trust (19.83%) and Hirco (29.23%

[scburbs] 08/7/2011 13:20

"Global tenders for Navi Mumbai airport by month-end
Published: Friday, Jul 8, 2011, 8:00 IST
By Sudhir Suryawanshi | Place: Mumbai | Agency: DNA

A month after the civil aviation ministry gave its approval to the master plan of the Navi Mumbai International Airport, the City and Industrial Development Corporation of Maharashtra Ltd (Cidco) expects at least 10 international developers to evince interest in the project."

[praipus] 06/7/2011 23:28

Tracking the rest of Weiss's holdings in post 3 on the WAM thread: