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HIT Hitchens Grp

14.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hitchens Grp LSE:HIT London Ordinary Share GB00B29Q2280 ORD 0.75P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 14.00 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 14.00 GBX

Hitchens Grp (HIT) Latest News

Real-Time news about Hitchens Grp (London Stock Exchange): 0 recent articles

Hitchens Grp (HIT) Discussions and Chat

Hitchens Grp Forums and Chat

Date Time Title Posts
08/9/200911:55Hitler, dictator turns into trading contra indicator2
25/7/200809:41Hitchens new float 07/07 - from PLUS to AIM113
28/9/200417:20HITME want to buy me a drink12
05/4/200016:31Heitons in Ireland-
01/4/200000:25Director retires-

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Hitchens Grp (HIT) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Hitchens Grp (HIT) Top Chat Posts

Top Posts
Posted at 25/7/2008 09:41 by trikon60dollars
now trading as Wallgate (WGT) with a share price of under 10p (i.e. under 1p on a like-for-like pre-consolidation basis); soon to halve again.
Posted at 22/1/2008 10:37 by the novice
Initially (lol), they were 4.75p bid last time I looked and ~80% down from the IPO price. Kenny boy conducted a review, gave himself a job and has done sweet FA in over a year. You were very fortunate PL made the unfathomable decision to load up with the rubbish when he did. The latest largish buyers look more stupid by the day.

Are you short here then? I take it you are still in MDX too... another farcical few days with them but I have been assured some decent news will hit the streets soon... not convinced though.

CTN.
Posted at 31/12/2007 11:53 by trikon60dollars
well that's about the only way they could ever get the share price up! LOL
Posted at 01/11/2007 09:41 by trikon60dollars
I think it was probably one of those super-aggressive tax games. Punters in the know buy their shares at say 1.25p. Company moves to Aim, the organisers sell shares between themselves to push the price up to 7p. Punters gift their shares to charity claiming 40% tax relief worth 2.8p, clearing a free and almost riskless 1.5p per share; do that on 33m shares (less than 3% of the outstanding shares)and you clear £500,000. Bit like benefit fraud, just done on a larger scale. Shares will presumably drift down in time to old Ofex price of 1p or less.
Posted at 21/8/2007 17:10 by trikon60dollars
H1 '07 losses of just under £800k and around £2.5m of cash post placing - so at the current burn rate they'll need to raise more cash in 18 months, which coincidentally is when they say (in the placing document) they hope to be at break-even. Fair value estimated to be close to today's closing price but with the decimal point moved one place to the left, i.e 0.575p - estimated time to achieve this, some time in 2008
Potential buyers BEWARE
Posted at 21/8/2007 11:24 by trikon60dollars
Purely a hypothesis, but insider A sells to insider B and then B to A at ever increasing price; only cost to the parties is a little stamp duty leakage. Outsiders get excited by momentum and insiders happily sell them high priced stock, at which point price starts to go down. Repeat over multi week period...
Were this to have really happened it would be called "creating a false market" and would be a criminal offence. Just as well it's only a hypothesis.
Posted at 20/8/2007 18:26 by piruxi
mmmhyhhh interesting

Azurite Investments plc Withdrawn select Overview Profile Contacts Reports & Accounts Offerings News Market Data Charts

News
Azurite Investments plc - Further re withdrawal from PLUS


Azurite Investments plc

("Azurite" or "the Company")


Further re withdrawal from PLUS

Following the announcement made earlier today, further details on the proposed
acquisitions are detailed below.
Azurite is an investment company established for the purpose of making
acquisitions in the retail sector. It was incorporated on 2 February 2007 and
admitted to trading on PLUS on 2 March 2007. The Company intends to enter into
Acquisition Agreements with the vendors to acquire the entire issued share
capital of Novabrand and Hot Deals. Under the terms of the Acquisition
Agreements, the Company has conditionally agreed to pay Initial Consideration
of GBP4,925,000 to be satisfied by the issue and allotment on Completion of the
Initial Consideration Shares by the Company to the Vendors credited as fully
paid up at the Placing Price of 0.75p per ordinary share. The amount to be
raised under the placing is GBP2,325,000 gross. Certain Vendors have given
warranties and certain indemnities regarding Novabrand and Hot Deals
respectively. The Acquisitions are conditional on the Waiver, passing of the
Resolutions and Admission. The Company intends to change its name to Hitchens
Group Plc on admission to AIM.

Hitchens, the wholly owned subsidiary of Novabrand, operate a number of retail
outlets selling end-of-line and graded products. The main product ranges are
clothing and footwear and electrical and household goods. Hot Deals offers
similar products through online auction sites.

The issuer accepts responsibility for this announcement.


Enquiries:

Paul Harris
Azurite Investments plc
Tel: 0870 890 9856


Lindsay Mair
Daniel Stewart & Company plc
Tel: 020 7776 6550
Posted at 20/8/2007 17:40 by imabastard
Trikon,

Market Cap was 25m a week ago........not 9m.

Reasoning behind the rise is the experience of the management at the top, ex Littlewoods, Superdrug etc, all with large numbers of Retail outlets. Brokers have high regard for the team and have high expectations. The price, as so often is the case with most stocks, is based on it's future, not on it's present fundamentals. The whole stock market is based on it's future and good news and bad gets priced in.....in advance !

This stock will go to 50p in a very short space of time and will continue to grow.

Conclusion Trikon.....you display judgemental idiocy with a little knowledge of the market.
Posted at 20/8/2007 17:36 by jonty6
Only 25% of shares admitted are being traded, so with so much activity recently no wonder the share has rockted, mm's don't have many to play with.
Posted at 20/8/2007 13:09 by andrbea
the sudden rise ca 10.30 am was interesting
a 7.5p buy (50k) and it shot from 30% up to 90% up on the day
amazing price reaction..

IMO shows how short they were at the time
Hitchens Grp share price data is direct from the London Stock Exchange

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