Huveaux Share Discussion Threads

[solarno lopez] 05/7/2010 08:48

I have seen it

[psolomons] 05/7/2010 08:42

See the new dods board.

[haroldthegreat] 27/6/2010 22:14

can we have a dods board?

[solarno lopez] 23/6/2010 06:20

I have been expecting your last comment to take place for some 4 months!!

[cerrito] 22/6/2010 23:55

was at last week's AGM

As last year intervention from a former directors commenting on how badly the company has been run.
Chairman seemed optimistic about the opportunities there will be in the UK political sphere and potential for organic growth. As they said in the trading statement on the one hand there are real cuts in the public sector area but on the other a real thirst for knowledge on the personalities of the new government and their policies.
Expressed themselves happy with their performance in Europe last year given there was a big dead period when the new commission was being appointed.
More and more of their UK business is becoming annuity type business ie where the fees are being locked in over a number of years rather than their traditional tactical business. This was not quantified.
Still have some tax loss carryforwards.
Big question were their Head Office costs-in 09 were £989k up from £860k in 08, which now will have to be born solely by the political business. Will be saving a relatively small amount by moving to lower premises. The bulk of it is corporate overhead..alot to do with keeping their AIM quotation. Auditor's fees have been 99kpa for the last two years.
If the company was not quoted the director's remuneration would be less than the £520k in '09; the highest paid director-presumably Murray-got £271k including pension contribution but alot of the other £250k could one assumes be saved.
With hindsight should have questioned more a comment made by the NED who chairs the remuneration committee that they are looking at rebasing the options. Virtually all of the options are at either 15p or 10p and this did deserve questioning.
One cannot help but feel that is the last AGM that the company will have as a private company as here will be a major corporate action in the next 12 months

[solarno lopez] 13/5/2010 15:00

In view of the steady buying today I have purchased another lump of stock.

Anybody got any views especially with the near 10% yield, profitability and cash in the bank looks interesting to me.

[solarno lopez] 24/3/2010 06:51

I have bought a few more

[solarno lopez] 22/3/2010 15:59

Hard to say but the statements seem very positive and you would not pay an uncovered dividend unless you were DEAD CERTAIN about the future or were fending off a bid !

[foreigner34] 22/3/2010 12:49

Guys, any ideas about the valuation of this co (after the disposal). Thx, F.

[solarno lopez] 22/3/2010 11:37

Either we have missed something or the market has. The dividend is just shy of yielding 10%.

I wonder if this sizeable dividend is a defence against a bid, lets face it why pay out so much if not

[solarno lopez] 22/3/2010 08:31

thats why I have been buying ....exceptionally positive news together with a strong outlook onwards and upwards

[psolomons] 22/3/2010 08:06

Very good results indeed and an election and dividend this year. Very strong buy.

[solarno lopez] 22/3/2010 08:04

The good news is out and can only get better

[solarno lopez] 09/3/2010 12:56

Agreed but lets get some more stock on board then they can push as hard as they like but the important news will be out before they realise!

[psolomons] 09/3/2010 12:40

I don't mind a few spivs pushing the price up ;)

[solarno lopez] 09/3/2010 12:06

agreed therefore a few more won't harm before the real news is out and the spivs spoil the party and push the price up

[psolomons] 09/3/2010 09:44

Just a pause for breath. Everyone knows something is going on. A company that has pretentions to remain independent and grow doesn't sell half the business. With its profitable political arm it is now rosy ripe for takeover.

[solarno lopez] 09/3/2010 09:01

a quiet start to the day

[solarno lopez] 09/3/2010 08:22

My belief is they have tidied up the company ready for some corporate action. Read my previous posts and the article in the Sunday Times as posted here

[psolomons] 09/3/2010 08:06

2.4 million in cash and a profitable political publishing business. 10p sounds and looks rather cheap for the shares.

[solarno lopez] 09/3/2010 08:03

yes I have a chunk at 30p ..oh dear...whilst I have not done the full maths they say they will receive '£10m cash and their net debt was £6.6m' so circa £2.4 cash in the bank.

[latifs100] 08/3/2010 17:47

whats the cash position now, now that debt is nil.. hold from 30p.. may average down now

[solarno lopez] 08/3/2010 14:15

just noticed that Schroeders have topped up by circa 1,500,000 shares and on top or their major buy of a couple of weeks ago adds credence to the SUNDAY TIMES report of some action in the near future

[solarno lopez] 08/3/2010 12:37

I am not surprised at this glad to be in before the herd !