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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Hogg Rob. | HRG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 120.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 120.50 | 120.50 |
| Top Posts |
|---|
Posted at 20/6/2012 08:04 by napoleon 14th IMO the price is catching up with consistant financial performance.Check out investors section on company website... Chairman says: "This has been another year of good performance by the Group, with revenues increasing and profits showing material growth over last year's results. In its turn this enables the funding of another significant increase in the dividend, in line with our progressive dividend policy." Won't set the world alight, but an ideal ISA share... |
Posted at 29/5/2010 10:32 by titeuf_int Do not get fooled by the apparent low valuations of the group ( trading less than 5x PE) as 2010 is set to become more challenging than 09. Moreover the group has lots of off the balance sheet liabilities and if we include the pensions charges the group has been heavily loss making in the last two years.Recent economic problems will put a strain on company spendings and the company might have more difficulties in refinancing itself. The group has built its forecast in a progressive recovery of the economy which might be optimistic given the recent macro economic problems we are facing. More worrying is the huge debt that HRG has to face : 1/ The Group's pension deficits under IAS 19 have increased by £61.1m to £126.4m before tax. The UK scheme deficit increased by £64.6m to £115.9m. that is a doubling and exceeds the group current market cap of 93 m !! I expect the deficit to increase dramatically in 2010 as the value of the stock market plunged 20% since march 2010 ( date which the report was published). Expect further losses on this side and the worst is that these losses are accounted off balance sheet. In 2009-2010, the group lost 66m pounds which went off balance sheet. The year before it was 20 m much more than the profit the group can generate and it continues like this the group will have to recapitalise itself as the debt is growing at a steady pace. 2/ this situation is not sustainable and this reminds me of a company called Uniq which is quite profitable and had quite lots of cash but had a whopping pension deficit. The PE is low but the share is in free fall as the group had to give all their cash flow to the pension trust. 3/ if you include on top of this the banking debt you will see that the group is highly indebted hence the low pe. => do not be fooled by the low valuation as the group is extremely indebted and is not economically profitable ( when you deduct the comprehensive loss from the pensions scheme). With the economic climate showing signs of subdued growth, the company will have difficulties refinancing itself and the group will have no choice than increase its contributions to the pension scheme which will shrink profits. I personnally think the group has much more downside left and we saw that it did not rally after the results.As long as investors will shun risky assets the share price will go lower that is for sure. remember how it collapsed in 2008. I personnally expect a capital increase at some point as teh group situation is not vaible in the long term. |
Posted at 19/3/2009 13:57 by camelot5 According to PLUS investors paying 18.70. |
Posted at 11/3/2009 10:49 by camelot5 MM's trying hard to get hold of shares.....They'll need to do more than that,investors are not going to part with these,they know their true value. |
Posted at 19/2/2009 12:22 by titan76h only - thats very hopeful and i'd love it to come true although I'm not sure enough volume is being trader unless bcd/dnata can go straight to another of the institutional investors (I'm not sure if they can do this?) |
Posted at 18/2/2009 11:43 by camelot5 We may see MM's moving the price around a bit more,trying to initiate some panic selling.So far investors having been holding on knowing these are worth sustantially more than their worth today. |
Posted at 12/2/2009 10:48 by onlythebest2 YES, a solid TS I thought, and thoroughly in line with expectations. No company on the market at the moment is increasing debt, and debt reduction is a key priority. So, HRG is being very sensible on that count. I hold other cos with similar debt obligations, and the announcement of rescheduling and / or paying down has not been seen negatively ; in fact, it's what investors want. Of course, none of this changes the stakebuilding. And I tend to agree that the bidders will have known a lot about the business - maybe not inside information as such, but when you operate in a sector, you know where the smart money is. Dividend remains respectable. And, trading at the bottom of the range, this is a screaming buy from where I'm sitting. Of course, speculative money. All IMHO, DYOR. |
Posted at 10/2/2009 08:35 by camelot5 Well there's little volume this morning,these tactics dont appear to be creating trading,investors are not wanting to get rid of these,they know the true value. |
Posted at 10/2/2009 08:24 by camelot5 Are the MM's desperately short of stock now and trying to get investors to offload.Perhaps another large order to fill (hopefully). |
Posted at 04/2/2009 12:25 by notachance3 Camelot5 - 4 Feb'09 - 11:16 - 967 of 974strange, i get offered a lot more, and they are short of stock Beverweerd Investments BV 19% F&C Asset Management Plc 2.31% Jupiter Asset Management Limited 8.56 Permira Europe II Nominees Limited 7.21 Henderson Global Investors Limited 5.88 Aviva plc and its subsidiaries 5.32 Liontrust Investment Services Limited 2.5 Legal & General Group plc - 3% Standard Life Investments Limited 4.80 Blackrock Inc 4.46 Artemis Investment Management Limited 4.13 Dnata 23 |
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