Hitchens Grp Share Discussion Threads

[trikon60dollars] 21/8/2007 17:10

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

[jonty6] 21/8/2007 14:58

hmmm, a £3k sell goes through and the share price doesn't change??

[3frog] 21/8/2007 14:10

Yes, fall only due to profit takers. If I had got in at 2 or 3p I would have been one of them!

[davykelly82] 21/8/2007 14:05

it's going to bounce up and down but I think that the overall trend will be positive

[jonty6] 21/8/2007 13:57

I wonder if 3frog held onto his £5k worth

[jonty6] 21/8/2007 13:55

You only have to buy £500 worth and it ticks up!

[dh1llon] 21/8/2007 13:55

still a bit to go lets see blue

[mistyblue2] 21/8/2007 13:54

missed the top up

[jonty6] 21/8/2007 13:53

Back up to 6.25p now!!

[jonty6] 21/8/2007 13:49

Now what is going on????

[jonty6] 21/8/2007 12:12

yep, fallen like a stone today, sadly a pump and dump and some people have made a fortune!

[worlds lrgest undies] 21/8/2007 11:40

£90m market cap and £25k of trades knocks it down 25%!!!!!

24 carat garbage and very, very dodgy.

[the big fella] 21/8/2007 11:29

Classic pump and dump. Some will never learn.

[trikon60dollars] 21/8/2007 11:24

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.

[mistyblue2] 21/8/2007 09:57

profit takers moving in

[giltspur] 21/8/2007 09:15

Margins as thin as knicker cotton too.

If it was that good it wouldn't be on AIM.

There is only one question - how far will it get ramped before it collapses and will it offer a trade on the back of the bandwagon?

As a business proposition I wouldn't touch it with a barge pole.

and don't forget there will be an army of pre IPO whallas waiting to get out.

[trikon60dollars] 21/8/2007 09:12

cheap or fraudulent

[worlds lrgest undies] 21/8/2007 08:14

And market cap of only £90m for seven shops in northern England.

Cheap or what?!

[andrbea] 21/8/2007 08:10

Having seen what the promise of online sales did to the share price of sdk and drm of late, then I can see the Hot Deals side of the business as being a whole new perspective...
+ the solid experience of the management

dyor nia

summary of Hitchens Group:

Business

• Proven format which can be easily replicated;

• Strong relationships with a number of large suppliers;

• Good gross margin at store level;

• Low cost roll out, including surplus EPOS technology sufficient to equip another seven to eight stores;

• High growth, internet business;

• Experienced management.

Commenting on the admission, Paul Harris, non-executive Chairman, said: "We are delighted to begin trading on AIM as we enter this new phase of the business. Hitchens has a strong brand built up from its high street presence in the Midlands and the North of England. Proceeds from the flotation will allow us to raise our profile further as well as fund additional working capital and the growth of the enlarged Group."

[mistyblue2] 20/8/2007 22:13

would not like to call this 4 tommorow i think down a bit but we shall see .............. good luck all who are in

[imabastard] 20/8/2007 21:29

Worlds lrgest undies,

I will repeat for the benefit of clarity.............it is the potential future expansion and performance that is being considered.

Look back at all the remarks regarding Qxl prior to it's profitability, how it wasn't worth a penny based on it's assetts, doom and gloom all abound. However, those of us who bought at 40p were more than happy to take the profit at 700p !!!

I was equally happy to buy Hitchens at 2.6p and sell at 3.2p and buy again at 4p and sell at 7.5p and I will be happy to buy Hitchens again tomorrow with the 87.5% profit as it continues to rise, short, medium and long term. Obviously, I must have deserved all the profit that came my way.

[worlds lrgest undies] 20/8/2007 19:31

Sorry ImaB., clearly I am completely blinkered in insufficiently appreciating why 7 retail outlets in northern England are worth £90 million.

Clearly they are worth this amount at the very least.

Mgmt., with a clear and demonstratable record within the retail sector where they were personally pivotal in creating huge success will presumably be able to capitalise further on this midas-like ability to create uniquely high values, on a square foot of retail space basis, in the world retail sector.

Surely 50p at a minimum!

Shareholders wise enough to invest here truly deserve everything coming their way.

[piruxi] 20/8/2007 18:49

I would not touch it at 2p or below

[imabastard] 20/8/2007 18:35

Worlds lrgest undies,

I am very rude ?

In response to Trikons "anyone who invests in this deserves to lose money" ????

Simply, returning the compliment of the height of well wishing.

Many people on Advfn WILL lose money.......but no-one DESERVES to lose it !

But, your obvious support for the previous correspondence and your potential for gloating at what you believe to be an accuracy of misfortune for others, hardly promotes quality of your own character.

We all have opinions about particular stocks and this is meant to be a medium by which we all give a view but to ridicule others for their investment choices rather than positively writing a differing view, is a line that should not be crossed.

My trite response was a reciprocation. What a pity you are too busy pointing the finger at others to notice !

50p or 2p.............time will tell.

[piruxi] 20/8/2007 18:26

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: [phone]


Lindsay Mair
Daniel Stewart & Company plc
Tel: [phone]