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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Holders Technology Plc | LSE:HDT | London | Ordinary Share | GB0004312350 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 50.50 | 1.00 | 100.00 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
27/3/2015 08:13 | I say just put the company up for sale...no scale here... | diku | |
17/3/2015 15:50 | Time will tell!!! | donemyhomework2 | |
17/3/2015 13:51 | Yes I noticed that as well the odd small buys going through last few days....any takeovers or a contract win.... | diku | |
17/3/2015 11:58 | Something brewing here since yesterday!!! | donemyhomework2 | |
09/3/2015 22:57 | & the Chairman is getting on. | russman | |
09/3/2015 11:31 | I've looked at this company several times in the last few years and have never been tempted to invest, in spite of the discount to current assets. Their areas of business are highly competitve and favour larger concerns than HDT. They are very unlikely to sustain profits, much more likely to sustain losses. Asset value is going to reduce y-o-y most likely. And the real worry must be of heavy losses, if margins worsen. Then there's the risk they are taken private, a real one, even though they have used their listing to raise cash from equity in the past. | cjohn | |
04/3/2015 07:55 | This company should just put itself up for sale...any possible takers out there?.... | diku | |
24/2/2015 17:03 | I believe that the Chairman went to the School of Hard Knocks not Management By Abacus. | russman | |
23/2/2015 10:18 | Holders Technology: February 2014 update: The annual report to 30th November landed on my mat last week. The managers still do not have a grip of this business. They managed to lose money in just about everything they did. I do wonder if they have fully taken on board the value-management precepts: 1.First, figure out how much money you have tied up in a line of business, e.g. LED sales in Germany 2.Second, work out how much return you should be generating each year from that capital, currently I would recommend a figure of around 8% for most companies and activities within companies. 3.Third, see what you are actually generating from that activity as a percentage of capital used. 4.Fourth, deduct the percentage return you are making from the required return. If a positive difference emerges you are creating value. 5.Fifth, to find the value created in pound-terms rather than percentages: multiply the percentage gap above or below the required rate of return by the amount of capital used in that activity. That is the contribution of one year to overall value (obviously a long term perspective of many years of value should be considered, but I’ll be happy if Holders managed only one year as a first step). It’s not rocket science. But here is sorry profit history (value-based management analysis is usually cash flow based, but we do not need to be too precise here): £000’s Profit after tax 2008 322 2009 -375 2010 507 2011 264 2012 -87 2013 73 2014 -373 Given so many negative returns I think we can say that the managers have positioned the firm for failure to achieve the goal of 8% on capital employed. Where the complications come in with this line of thought is ...... ADVFN are not keen on me placing all my analysis on the free BB. It is split between today's and tomorrow's Newsletter explaining why I still hold onto these despite my annoyance at the poor attention to value-based analysis of Strategic Business Units (see Regards Glen | profdoc | |
08/2/2015 12:37 | Yes but these have been disappointing. I am sure the company could have been sold for over 2 pounds per share...but no longer. They have 600k in cash and no debt but loss per share was 10p. I would not buy these myself at this price....I see little value here. Maybe a buy at lower levels....20 pence maybe. Remember there is a controlling stake and a real need to sort out who will be running the company soon. They are just a pile it high company.... | barnetpeter | |
08/2/2015 12:21 | The write downs were peanuts. The BoD believe there is still long term value. | russman | |
12/11/2014 10:00 | I've bought Holders Tech shares for my Deep Value Shares portfolio. While it more than qualifies as a net current asset value share based on BS quantitative criteria only. I had some serious concerns about the business prospects and the judgement of the managers. It will be useful to discuss with others, either in the comments section of my "Newsletter" ( here, some key questions 1. Turnover is the same as it was 10 years ago. Will it be the same in another 5 or 10 years? 2. How good is the management at identifying good business to pursue, i.e. business that will generate a rate of return greater than the cost of the capital (say 8-10%) used for that area of activity? Do they have that discernment? 3. Do they have the courage to liquidate the firm if the trading prospects remain poor? 4. What is the risk that the firm will be taken private? 5. Very thinly traded – can I exit without moving the price against me? If you have alternative views, additional information or different weighting of factors please let us know. (The analysis on the Newsletter runs to 1601 words so unfortunately I cannot post it all here - ADVFN will not let me) Glen | profdoc | |
10/10/2014 14:08 | After todays news it will. | blueball | |
02/7/2014 10:31 | This could well be better off being taken over... | diku | |
09/6/2014 15:13 | Decided to dip my toe in the water here in the hope the LED operation really does gain momentum and increase operating profits substantially. | playful | |
01/5/2014 16:35 | And up today after ex divi...a bit of good news and this could go all the way up back to 100p | diku | |
30/4/2014 12:03 | Gone xd today hence the fall. | donemyhomework2 | |
25/3/2014 17:20 | A bit action today and the price finally closes flat... | diku | |
20/3/2014 23:17 | Ok who sold 1 share?...or is that some kind of a coded message!!.. | diku | |
20/2/2014 07:37 | Good to see that the Chinese Sub has been disposed of!! It was jam tomorrow stuff so its nice that is now out and they can concentrate on LED and PCB in Europe. | donemyhomework2 | |
22/1/2014 12:43 | Holders is still cheap even if you discount inventory imo. I usually work net net out by 1) calculating the net working capital and applying a suitable margin of safety and 2) discounting inventory (fairly heavily in most cases) and receivables (lightly in most cases). I don't subtract another margin of safety after these discounts. In most cases it's very hard to find a company that qualifies as an investment under the second method. | liarspoker | |
22/1/2014 11:53 | Yes, that's not encouraging, particularly as there seems to be fierce competition amongst LED vendors like HDT. The actual business doesn't look promising in either segment. | cjohn | |
15/1/2014 14:21 | I am sure they mentioned that once they got into LED that their cash would reduce due to more stocks needed. | donemyhomework2 | |
15/1/2014 11:54 | From half-year report. Cash 542k Inventory 3025k Receivables 2627k You're right, donemyhomework2. But I have a thing about cash. There's not much of it. So still not THAT atttractive to me. But can't deny if it went lower, i would be interested. | cjohn | |
13/1/2014 07:59 | There are as much stocks in current assets as there are cash and debtors, so I am not sure I agree. | donemyhomework2 |
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