Share Name Share Symbol Market Type Share ISIN Share Description
Hurlingham LSE:HRL London Ordinary Share GB0004485925
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 40.00p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate - - - - 0.84

Hurlingham Share Discussion Threads

Showing 26 to 49 of 50 messages
Chat Pages: 2  1
DateSubjectAuthorDiscuss
27/10/2010
08:07
Back from the grave. Reversal of a company called Manroy. Appears to make machine guns.
jambo172
25/10/2010
14:09
Raised from the dead The admission of the enlarged share capital of Manroy Plc to AIM will facilitate the raising of capital to finance the acquisition of Manroy by Hurlingham Plc, pay down debt and provide working capital. It will also assist the development of the business by providing a source of capital and acquisition currency. This would allow management to capitalise on Manroy Plc's position as the only UK-based manufacturer of machine guns, leverage its long-standing relationship with the UK MoD, and explore strategic opportunities at the partner, product and geographic level. Year to Sales PBT EPS EPS DPS Dividend P/E EV/EBITDA FCF Sep £m £m p % p yield % x x yield % 2009A 11.7 2.1 na na na na na na na 2010E* 12.0 2.6 14.3 na 0.0 0.0 5.3 4.9 4.5 2011E* 13.2 2.9 15.7 10.3 2.0 2.7 4.8 3.3 23.1 2012E* 14.5 3.2 17.6 12.0 2.5 3.3 4.3 1.5 26.0 Source: Arbuthnot estimates, company data. Valuation ratios based on Placing price of 75p. *Throughout this document, any reference to figures for FY2010E onwards assume the combination of Hurlingham Plc, Manroy Systems Limited and Manroy Engineering Limited for the entire period and are therefore stated as being pro forma• Established market position and depth of relationship with UK Ministry of Defence: Manroy is a well-established name in the UK weapons fraternity, reflected in the key supplier relationship it has with the UK Ministry of Defence (MoD). The depth of this relationship delivers multiple benefits in terms of industry reputation and customer referencing, as well as offering scope to feed additional product and services into the relationship. However, the extent of the current level of revenue contribution generated from this relationship may be perceived by some parties as a risk. • Significant scope to mine partner relationships, expand offering and increase geographical footprint: historically, Manroy has had a relatively narrow product range and market focus. We believe there is a significant opportunity to increasingly monetise partner relationships, generate new revenue streams through broadening of the product offering, and expand into new territories. The development of a revenue stream based on long-term spares replacement contracts should also enhance revenue visibility and help mitigate any risk attached to customer concentration, potential order slippage or revenue lumpiness. • Strong cash generation and attractive dividend potential: the business generates significant cash flow (we estimate £2.2m for FY2011), creating opportunities for industry consolidation as well as a future incentive for investors of a significant and progressive dividend stream. • Valuation: we assume a market capitalisation on flotation of £9.7m, reflecting the agreed terms of the acquisition of Manroy Systems Limited and its subsidiary Manroy Engineering Limited by Hurlingham Plc. This puts the shares of the enlarged group on FY2010E and FY2011E PE multiples of 5.3x and 4.8x, and FY2010E and FY 2011E EV/EBITDA multiples of 4.9x and 3.3x. These metrics represent a material discount to other UK-quoted defence industry participants. Management's intention to institute a dividend policy (we assume a 2.0p payment in FY2011, increasing to 2.5p in FY2012) also offers a potential income incentive.
jambo172
01/10/2009
08:11
time out surely delisting inevitable.
charo
06/7/2009
12:12
Surely the decks are finally finally cleared.
temelco
03/2/2009
10:01
problem is today cash earns zilch.cost of winding up means returning less than cash balance today and may evn be less than current share price.so those who supported placing will suffer loss of around 30% for their pains.a tax advantageous deal is a better oulcome.the danger is any decent private business is better staying that way and the cost of a reverse with an unquoted business could be anywhere between 300 to 500k.
charo
08/1/2009
16:20
2 months to find a deal then delisted.
charo
07/7/2008
09:06
Got to be valuable in this market - CASH!! As the new directors say, valuations of potential targets have fallen.
temelco
30/4/2008
11:10
That's better ...
jambo172
09/4/2008
08:49
Why with recent placing at 75p ie 25% above then price is this still trading in the 60s. Totally clean cash shell with no debt and old directors booted out. Should be trading in the high 70s low 80s IMHO. Reversal deal soon? Then back over £1.
jambo172
01/4/2008
13:18
trading 50% below net cash value .clean shell and with quote and no dead hand board with service contracts.
charo
18/3/2008
17:47
At last! The deal we've all been waiting for.
temelco
21/8/2007
09:41
web site compliant with rule 26
charo
20/2/2007
14:42
somethings up
temelco
09/5/2006
09:53
Closing date set for sale of hotel of 15th May - just prior to agm on 17th
temelco
13/4/2006
09:17
someones got the message - a third party is starting to pick up stock as it becomes available NAV looks about £1.38, and if the Hotel goes for eg £5m ( its on the market at this) that's another 22p making approx £1.50 per share
temelco
07/4/2006
08:20
expect news at AGM 17th May
temelco
07/4/2006
08:20
expect news at AGM 17th May
temelco
28/3/2006
12:00
Clear out at last - going towards a cash shell - anyone a handy business??
temelco
28/2/2006
17:19
big move coming
temelco
15/2/2006
10:01
I wouldn't be at all surprised to see a complete change round here. Hotels like Perth are selling for premiums and the London property is still valauble
temelco
06/1/2006
18:18
Hm - who is pushing the price down?
temelco
15/12/2005
16:21
I know David Low - seriously pro-active investor. Should be good for a run.
temelco
06/9/2005
10:54
Has anyone tried to get delivery of stock here? We are still waiting for shares from April - the MMs don't have them nor do they appear to be able to buy any in.
temelco
02/8/2005
15:11
|Take a nip over and look at Custom Flights (www.customflights.co.uk) and then click on the Custom tours icon. They have finally got it working and very impressive it is too. Its what is called dynamic packaging, and they have a better system than eg Opodo or Lastminute
temelco
Chat Pages: 2  1
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