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HRO H.R.Owen

165.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
H.R.Owen LSE:HRO London Ordinary Share GB0005202527 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 165.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

HR Owen Share Discussion Threads

Showing 151 to 171 of 275 messages
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
14/4/2013
08:59
I am new in HRO but already in profit, the price does seem to have overextended itself a little and I can see a small pullback, but I am hopeful this will be small and we can wait for the next move up. I do think this has potential in the medium term so I am holding, though I will not hesitate to sell if need be.
Certainly seems off the radar this one.

ontheropes
12/4/2013
11:38
Up another penny sale quote gone from 86.2 to 87.1 on H-L so waiting.....
turnerpa51
12/4/2013
11:13
V low activity in these shares, so MM marking up shares?

Pleased to say on GBP 7,200 invested I have a paper profit of GBP 1,400 in 2 weeks.

Think I need to sell. Any thoughts?

turnerpa51
14/3/2013
21:03
They bought the Australian company for 78m at profits of 12m so they got the company at 6.5x profits and they got 30m of freehold property with it. They got a good deal you could say they got the Australian company on the cheap. Hr Owen are on 8x pretax profits with no freehold property so maybe a bit pricey for inch cape. Could attract a different buyer though
pjhutchy
08/3/2013
15:27
Interesting - Inchcape acquired Trivett an Australian motor company in late Feb for £78m cash, the luxury part of the business seems similar to HRO network selling top end Bentleys, Rolls Royce, Aston Martins and Mclaren. Trivett have sales of £390m and EBIT of £12m plus some freehold properties, though bigger defo makes HRO look undervalued in comparison, makes me think a large conglomerate like Inchcape could look to pick up HRO and find some synergies and economies of scale across the two groups in Sydney and London. Inchcape have a mcap of £2.4b so to take HRO out at 40 or 50 mill would be peanuts and a no brainer with limited downside.
bankboy001
09/1/2013
09:22
lots of small buys, any clues why
bankboy001
30/10/2012
08:04
Agree Cambium, looking good going forward

Company H.R. Owen PLC
TIDM HRO
Headline Interim Management Statement
Released 07:00 30-Oct-2012
Number 21618-F00C

30 October 2012

H.R. Owen Plc

Interim Management Statement and Trading Update

The Board of H.R. Owen Plc issues the following trading update for the period
from 30 June 2012 to 29 October 2012.

The Board is pleased to report that the positive momentum generated during an
encouraging first half performance has continued into the second half of 2012,
with the Company trading ahead of management's expectations.

Accordingly, the Board expects that the full year profit at the trading level
will be ahead of current market expectations. We continue to enjoy a strong
balance sheet with positive cash balances ahead of budget.

For further information please contact:

H.R. Owen (020 7245 1122)
Joe Doyle, Chief Executive
Mike Warren, Finance Director

Halkin Communications (07904 680 547)
Sara Batchelor

Charles Stanley Securities (020 7149 6000)
Marc Milmo, Carl Holmes

bankboy001
30/10/2012
07:12
Good upbeat statement.
cambium
06/9/2012
13:21
starting to look interesting here now
ukinvestor220
23/8/2012
11:13
yeah any minute now
ukinvestor220
19/8/2012
12:07
Last years numbers were out on the 22nd August, so hopefully out this week
bankboy001
16/7/2012
17:02
being marked down on no volume was intriguing me too
ukinvestor220
14/7/2012
06:16
From the balance sheet at 31/12/11, net assets of £11.664m less intangibles of £3,145m gives £8.519m.

I'm talking about recovery in the market. A radio programme yesterday spoke of how well top range cars were doing (Bentley mentioned) but of course they're going abroad - China mainly.

EDIT: there's no freehold land which could provide hidden value.

jonwig
13/7/2012
21:06
jonwig,

thanks for that, how do you get the NTA at £8.6m, i think they have an update in August on the numbers, that may give us a trend.

with regards signs of recovery are you ref to the share price of or the retail car market in general

bankboy001
13/7/2012
15:36
OK, so we need to look at the whole balance sheet: NTA of £8.6m. (Which was my swipe against post #79).

And eps of 2.3p doesn't look too appetising.

H1 numbers came out on 14 Sept last year.

So why am I interested (I don't hold)?
Well, the made eps of 6.1p in 2010 and I suspect inventories won't be subject to severe write-downs at this end of the market. And properties might be resilient (in London mostly?) so that might be asset appreciation.
I want to see some signs of recovery before I consider buying.

jonwig
13/7/2012
15:20
Jonwig, they may have borrowings of £27m, we have to remember they do have assets against those borrowings

I noticed Lookers recently bought some VW/Audi dealerships in Scotland for £15m cash, the dealerships had a profit before tax £0.7m, with gross assets of £36.8 million and net assets of £5.3 million, kinda makes me wonder why HRO are getting marked down on no volume when there current market cap is getting very close to the cash they hold, does anyone know when they have their interims out

bankboy001
13/7/2012
13:28
... and borrowings of £27m - don't they count?
jonwig
13/7/2012
13:24
mcap now 12.2m, cash 12.4m !!
ukinvestor220
18/5/2012
15:24
So, cash in hand 12.4m, mcap 14.76m today.

Interesting.

ukinvestor220
18/5/2012
15:22
Trading Update

The H.R. Owen Chairman - Jon Walden - will make the following statement at
today's AGM:

"We are pleased to report that the Group has made a very positive start to the
year and that profits are currently ahead of internal expectations. New car
sales have been particularly strong. We have increased market share within all
of our franchises, with notable performances from the Ferrari, Lamborghini and
Rolls-Royce businesses.

As already announced, in March the Group surrendered the lease of its former
Alfa Romeo premises at Parsons Green in return for a cash sum of GBP315,000. This
receipt will be shown as an exceptional profit from discontinued businesses in
the Group's 2012 results.

The Group continues to control its working capital levels carefully, and has
substantial cash balances in hand which have increased from GBP7.2 million held
at the 2011 year-end to GBP12.4 million as at the end of April 2012."

ukinvestor220
30/12/2011
11:11
Good to see a director picking up a few shares

H.R. OWEN PLC ("The Company") Director Shareholding We have been notified by Joe Doyle, a director of the Company, that on 28 December 2011 he acquired 40,000 ordinary shares of 50p each in the Company at a price of 66.5p per share. 30 December 2011

bankboy001
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1

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