Hirco Share Discussion Threads

[kenny] 03/10/2011 15:59

I am invested here until at least 2015 because it could take that long - if not until 2021 per the family - for true value to be reflected in the share price. Of course, we may get a settlement with the family or dividend cashflow before 2015/2021 but this is not really a share to buy/sell based upon charting or as a short term investment.

[praipus] 03/10/2011 15:42

Monthly candlesticks: it's forming a massive continuation UPWARDS formation.

[tilusha] 03/10/2011 13:22

Broken below the 60p support level !

[muffster] 30/9/2011 07:15

Hi All

When is the next update out?

[kenny] 28/9/2011 14:56

Slowly creeping up as one or more buyers are taking out all the sellers - ahead of this, perhaps more realistic, new valuation at 30 September (taking into account the current impass?), and the assessment of future development timing and costs.

Maybe both are being prepared for negotiation purposes with one eye on court action. HRCO could be about to get very interesting!

[scburbs] 27/9/2011 12:05

Navi Mumbai continues to look like a good area to be developing.

"Dubai, September 20, 2011: Dubai-based Sternon Group has rebranded its Navi Mumbai mega-project as 'Magic Kingdom to reflect its transformation into an integrated luxury complex spread across 1000 acres, offering a mix of villas, row-houses, apartments, plots, commercial area and a shopping mall.

...

"Investors and purchasers have a wide range of options to choose from, though most of the projects are sold out, and construction is in full swing. As Navi Mumbai continues to move up on global investors' radar, we have expanded the scale and scope of Magic Kingdom to give our customers a destination they can be proud of," added Nalwalla.

...

Magic Heaven is a complex of 9 seven-storey buildings, designed by renowned architect Hafeez Contractor, offering luxury and spacious two three and four bedroom villas. Construction is due to start in March 2012, and will be completed in three years. Some units are still available.

Magic Mall, which is part of Magic Heaven, consists of 120 shops, which are fully booked.

Magic Hills comprises three and four bedroom row-houses and classic and modern villas with three or four bedrooms. All units in this project have been sold out.

Magic Enclave consists of high-end, three and four bedroom villas, and row houses, all of which are sold out.

Magic Plots consists of plots, where infrastructure work is in different stages of completion. At plots have been sold out.

...

"As the 'India Shining' story continues and Navi Mumbai emerges as the hottest property destination in India, Magic Kingdom is set to be a much sought-after township. Besides the upcoming international airport, other attractions in the vicinity of our complex are the Special Economic Zone (SEZ), IT Park and the Hiranandani complex, just to name a few," said Nalwalla."

[hugepants] 26/9/2011 23:02

Pricing holding up well here. 200,000 @ 64p.

[praipus] 14/9/2011 17:02

Standard life...lol

Unfortunately I've seen them make so many rubbish moves it worries me that there here!

[nilip] 14/9/2011 15:59

RNS:

Standard life Investments holding @ 11.157%

[muffster] 09/9/2011 13:23

Thanks all, shall keep researching and watching this one

[kenny] 08/9/2011 15:42

Audited accounts to 31.03.11 show £540m plus change!

[praipus] 08/9/2011 15:37

PLACING STATISTICS
Placing Price 50 pence
Number of Placing Shares 24,000,000
Estimated net proceeds of the Placing £11.1 million
Number of Ordinary Shares in issue following Admission 100,526,984

from:


assets: ?

Who's asset value do you use?

[kenny] 08/9/2011 15:35

...and adding the £11.1m raised in 2011 to the £382m raised in 2006 comes to about £393m in total raised.

Current market cap. is about £63m so there is scope for improvement! Doubt it will get back to 500p per share but there is a lot more than £63m of value to this company??

[kenny] 08/9/2011 15:26

Pre the placing NAV at 31.03.11 was 707p which was £540.8m divided by 76.5m shares. Issued 24m shares at 50p - net of costs raised £11.1m. So current totals are £551.8m divided by 100.5m shares in issue; equals 549p.

[muffster] 08/9/2011 13:44

On reflection looks like £6.89 per share, so getting my numbers confused. Any Directors bought in recently?

[muffster] 08/9/2011 12:55

nilip - sorry but can't seem to get a handle on why this company offers any value? Can you explain.

The NAV PS looks very low, so not buying at a discount. Loss making too and to top it off, high risk with no dividend.

I am obviously missing an important point. Please can you explain how this is a Value share and how you derive your figures. Many thanks.

The formula I use points to Carrs Milling (CRM), Waterman (WTM), Redhall (RHL) and Godenport (GPRT) offering good value.

[kenny] 01/9/2011 16:49

I think the recently commissioned valuation and detailed independant review of future phasing and development plans could prove to be the stick to beat "the family" and get them to see sence.

Looks like Weiss is building it's holding prior to these reports being released, which presumably will occur some time after 30 September.

[nilip] 01/9/2011 16:23

This company is just so undervalued it's crazy !

Value will out in the end - irrespective - it always does ... soon I suspect as markets are starting to wake up to value stocks again.

HRCO should be trading at a multiple of it's current mkt cap imo.


Hardly surprising Weiss have been buying up so much stock recently. No brainer at current share price levels irrespective of background shannanigans.

[scburbs] 23/8/2011 21:18

They certainly know how to build up a large stake without moving the share price!

[hugepants] 23/8/2011 20:18

Weiss now have over 22%

[kenny] 22/8/2011 19:20

A block of 1.8m shares traded at 57.25p earlier today.