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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Harvard | LSE:HAR | London | Ordinary Share | GB0000130756 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 45.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 45.00 | GBX |
Harvard (HAR) Share Charts1 Year Harvard Chart |
|
1 Month Harvard Chart |
Intraday Harvard Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 13/4/2012 | 22:30 | Harvard | 71 |
| 31/7/2009 | 09:56 | Harvard | - |
| 31/3/2006 | 08:58 | HAR HAR - Laugh all the way to the bank. | 1,227 |
| 10/12/2004 | 00:31 | last bastion of british fashion looking to list on aim | 2 |
| 21/5/2004 | 09:31 | Urbium about to buy Jamies from Hartford ? | 3 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 13/4/2012 22:30 by badtime I was confident tht the fall was as I said before....price had firmed and started to move up...if it hadn't I wouldn't hav gone in for more ..luck really....I did check for an rns a few times during the day...and read tht offer one three times to make sure I read it correctly..lol....buNote small uptick on tht chart at 4...rns released at 4.03!! |
Posted at 13/4/2012 21:38 by topvest Well done badtime - good call...must have taken some nerve to buy on the last extended day with the price dropping! I didn't sell and held tight, but wouldn't have had the bottle to buy any more. |
Posted at 12/4/2012 13:46 by topvest Looks like this deal is not going to plan - the share price indicates that the deal is off..should find out sooner or later. |
Posted at 05/4/2012 17:12 by paleje I think they previously said the break fee is in escrow so should be safe, no getout for lack of funding but the .5m won't compensate for an aborted takeover. Let's hope they get their act together, could be an excuse for last min effort by the Chinese to get a price reduction? |
Posted at 26/10/2011 18:32 by badtime extension to deadline...price drop...hmmm |
Posted at 10/10/2011 17:43 by topinfo Get in there.....45p in cash. *DJ Harvard International PLC Statement re. Possible Offer (END) Dow Jones Newswires October 10, 2011 12:36 ET (16:36 GMT) Copyright (c) 2011 Dow Jones & Company, Inc. TIDMHAR RNS Number : 9185P Harvard International PLC 10 October 2011 For immediate release 10 October 2011 Statement re Possible Offer NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION This is an announcement falling under Rule 2.4 of the City Code and does not constitute an announcement of a firm intention to make an offer or to pursue any other transaction under Rule 2.7 of the City Code. Accordingly, Harvard Shareholders are advised that there can be no certainty that a formal offer for Harvard will be forthcoming, even in the event that the pre-conditions set out in paragraph 3 below are satisfied or waived. Possible Cash Offer for Harvard International plc ("Harvard") by Geeya Technology (HongKong) Limited ("Bidco") a wholly owned direct subsidiary of Chengdu Geeya Technology Co., Ltd ("Geeya") 1. Introduction The directors of Bidco, Geeya and Harvard are pleased to announce that agreement in principle has been reached between Harvard, Geeya and Bidco on the terms of a Possible Offer for the entire issued and to be issued share capital of Harvard by Bidco, a wholly owned direct subsidiary of Geeya. Geeya reserves the right to implement any Offer through another of its wholly owned subsidiaries if it so chooses. The pre-conditions set out in paragraph 3 will be required to be satisfied or waived prior to any Offer being made. This Announcement is made under Rule 2.4 of the City Code and does not constitute an announcement of a firm intention to make an offer or to pursue any other transaction under Rule 2.7 of the City Code. Accordingly, Harvard Shareholders are advised that there can be no certainty that a formal offer for Harvard by Geeya or Bidco will be forthcoming, even in the event that the pre-conditions set out in paragraph 3 below are satisfied or waived. 2. The Possible Offer If the Possible Offer proceeds, Harvard Shareholders would receive: for each issued and to be issued Harvard Share 45 pence in cash The Possible Offer would value the entire existing issued share capital of Harvard at approximately GBP23.1 million and would represent a premium of 100 per cent. to the Closing Price of Harvard Shares of 22.5 pence on AIM on 27 September 2011 (being the last Business Day immediately prior to the date on which Harvard announced that it had received an approach from Geeya that might lead to an offer for Harvard) Any offer for Harvard would be subject to terms and conditions customary for a recommended offer subject to the City Code and would also be conditional upon the approval of Geeya shareholders. The Harvard Directors, who have been so advised by Investec, have indicated they are supportive of unanimously recommending the Possible Offer. In providing advice to the Harvard Directors, Investec has taken into account the Harvard Directors' commercial assessment of the Possible Offer. Commenting on the Possible Offer, Mr Zhou, Chairman of Geeya said: "We are delighted to announce the possible acquisition of Harvard, which, if it proceeds, would represent a significant step in the implementation of Geeya's strategy to expand our geographical presence, gain retail exposure for our set-top boxes and benefit from the value of Harvard's brands. We look forward to working with Harvard's management and employees to finalise this possible acquisition." Commenting on the Possible Offer, Ms Bridget Blow, Chairman of Harvard said: "The approach from Geeya represents an attractive opportunity for shareholders to realise a substantial premium to the current share price and recognises the value of the company's brands (such as Goodmans) and its investment in STB technology." 3. Pre-conditions to the Offer Announcement The issue of an Offer Announcement by Geeya or Bidco pursuant to Rule 2.7 of the City Code is subject to satisfaction or waiver of the following pre-conditions: i. the unanimous recommendation of the Harvard Directors of the terms of any such Offer, having been advised by Investec that the terms of such an Offer are fair and reasonable; ii. the receipt of all necessary approvals from regulatory authorities in China relating to the Offer, including the following: o project approval for outbound investment from the Development and Reform Commission of Sichuan Province in China; o approval for outbound investment from the Ministry of Commerce of China at provincial level; o approval for the remittance of foreign exchange out of China from the State Administration of Foreign Exchange of China; and o approval of the Possible Offer by the China Securities Regulatory Commission. iii. the receipt by Geeya of irrevocable commitments from the Directors of Harvard in respect of their entire beneficial holdings of Harvard shares to accept the Offer; and iv. the approvals of the Offer by the board of directors of Geeya and the Geeya shareholders at a general shareholders' meeting of Geeya. Geeya reserves the right to waive any of these pre-conditions, but even if all of these pre-conditions are satisfied or waived, there can be no certainty that a firm offer will be forthcoming. On 28 September 2011 Harvard announced that it had received an approach from Geeya that might lead to a possible offer for Harvard. On 19 September 2011 changes to the City Code took effect relating to the requirement for a potential offeror to "put up or shut up" or obtain a deadline extension following a possible offer announcement. These changes require that by no later than 5.00 p.m. on the 28th day following a possible offer announcement (i.e. 26 October 2011) Geeya must, unless the Panel has consented to an extension of this 28 day deadline, announce either a firm intention to make an offer or that it does not intend to make an offer, in which case the announcement will be treated as an announcement to which Rule 2.8 of the City Code applies. Geeya has informed Harvard that obtaining the regulatory consents referred to above may take 4 months from the date of this announcement, or potentially longer. In light of this, Harvard confirms that it currently intends to approach the Panel for an extension to this deadline in due course. This deadline will only be extended with the consent of the Panel in accordance with Rule 2.6(c) of the City Code. Where the Panel consents to an extension of the deadline, Harvard shall make an announcement setting out the new deadline and commenting on the status of negotiations between Harvard and Geeya as well as the anticipated timetable for satisfying or waiving the pre-conditions to Geeya Bidco announcing a firm intention to make an offer. Every effort is being made by Harvard and Geeya to ensure that the period in which regulatory consents are obtained is as short as possible. 4. Information on Geeya and Bidco Geeya Geeya is a public company admitted to trading on the Shenzhen Stock Exchange in China. Geeya manufactures and supplies digital television network equipment and its products include a full series of digital TV products from head-end to terminal-end, including digital television support systems and consumer digital appliances, including digital set top boxes. Geeya was founded in 1999and is based in Chengdu, China. As at 31 December 2010, Geeya had consolidated total assets of RMB809.9 million (approximately GBP79.4 million) and reported a net profit for the year ended 31 December 2010 of RMB53.8 million (approximately GBP5.1 million). Geeya's current intention is to finance any Offer through a combination of its existing cash resources and bank facilities. Bidco Bidco is a newly incorporated Hong Kong company formed for the purpose of potentially making the Offer and is wholly owned by Geeya. 5. Information on Harvard Harvard is a public company admitted to trading on AIM (trading symbol: HAR). Harvard operates within the global consumer electronics market focusing on added value digital vision products, such as TV set-top boxes and recorders, targeting specific local market opportunities such as the UK's popular, free-to-air TV services. In addition, Harvard markets a range of accessories for Apple's iPod, iPhone and iPad products in the UK under the iLuv brand. It is also a major supplier of digital vision, radio, and other personal consumer electrical products in Australia. Harvard has comprehensive product development, procurement and logistical operations based in the UK, Hong Kong and China. 6. Reasons for the Possible Offer Geeya currently sells its existing products to Chinese based businesses and has very limited experience of product exporting and no previous retail experience. It has, however, recently been seeking to expand its geographical presence and gain retail exposure for its set-top boxes. The Possible Offer presents an opportunity for Geeya to address both of these strategic aims as Harvard has strong business links and significant sales with retailers in both the UK and Australia. 7. Current trading of Harvard In its annual report for the year ended 31 March 2011, Harvard reported a profit before tax of GBP0.9 million on turnover of GBP61.2 million and had net assets of GBP19.6 million as at 31 March 2011. 8. Support for the Possible Offer by the Harvard Directors The Harvard Directors, who have been so advised by Investec, have indicated they are supportive of unanimously recommending the Possible Offer. In providing advice to the Harvard Directors, Investec has taken into account the Harvard Directors' commercial assessment of the Possible Offer. 9. Background to and reason for the Harvard Directors' support for the Possible Offer In May 2011, discussions commenced between Harvard and Geeya. A meeting between the Chief Executive Officer of Harvard and the Chairman of Geeya in July 2011 subsequently lead to proposals from Geeya for the Possible Offer. (MORE TO FOLLOW) Dow Jones Newswires October 10, 2011 12:36 ET (16:36 GMT) Copyright (c) 2011 Dow Jones & Company, Inc. If the Possible Offer proceeds to a formal Offer, it will provide an opportunity for Harvard Shareholders to realise their investment in Harvard at a significant premium to the current market price, payable in cash. |
Posted at 29/9/2011 10:16 by paleje How credible is Chengdu Geeya? They're China listed, STBs and related electricals, annual T/O smaller than us but profitable and growing, no debt, 20% of their products are exported (according to Alibaba) and they want to increase. We must look attractive with NAV ~38p per share mostly in cash. Can they raise the funds? Have to wait but it does highlight how undervalued HAR is in my opinion. For the three months ended 31 March 2011, Chengdu Geeya Technology Co Ltd's revenues increased 40% to RMB59.3M. Net income for the same period rose 12% to RMB7.2M. Revenues reflect a growth in sales due to strong market demand and effective business strategy. Net income was partially offset by higher business taxes and surcharges, increased selling, general and administrative expense, as well as the presence of finance expense. |
Posted at 28/9/2011 17:21 by topinfo HAR HAR HAR At last something to laugh about! |
Posted at 28/9/2011 15:18 by topinfo DJ Harvard International PLC Announcement of Possible Offer TIDMHAR RNS Number : 1228P Harvard International PLC 28 September 2011 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION PRESS ANNOUNCEMENT FOR IMMEDIATE RELEASE 28 September 2011 Harvard International plc ("Harvard" or "the Company") ANNOUNCEMENT OF A POSSIBLE OFFER UNDER RULE 2.4 OF THE TAKEOVER CODE The Board of Harvard notes the recent movement in the Company's share price and confirms that it has received an approach from a third party, namely Chengdu Geeya Technology Co. Ltd., which may or may not lead to an offer being made for the entire issued and to be issued share capital of the Company. The Board would like to emphasise that discussions are at an early stage and there can be no assurances that such an offer will be made. Shareholders of Harvard are urged to take no action at this time. A further announcement will be made in due course. The attention of shareholders is drawn to the disclosure requirements of Rule 8 of The City Code on Takeovers and Mergers (the 'Code'), which are summarised below. Enquiries: Harvard International plc Tel: 020 8238 7650 Bridget Blow, Chairman Mike Ashley, Chief Executive Officer Investec Tel: 020 7597 4000 James Grace Rule 2.10 Requirement In accordance with Rule 2.10 of the Code, Harvard confirms that, as of the date of the announcement, it has in issue 51,275,685 ordinary shares of 10 pence each (excluding ordinary shares held in treasury). The International Securities Identification Number ("ISIN") number of the ordinary shares is GB000130756. Disclosure requirements of the Code Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any paper offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, |
Posted at 19/8/2010 20:10 by rainmaker Released 12 August 2010Harvard International plc ("Harvard" or the "Company") Special Dividend On 4 May 2010 the Company announced that it intended to return GBP10 million of surplus cash to shareholders. Harvard now announces that it intends to return the surplus cash to shareholders via a 20 pence per share special dividend. A resolution to approve the special dividend will be proposed at the Company's AGM on 23 September 2010. Assuming that the resolution is passed it is intended that the special dividend will be paid on 15th October 2010 to shareholders on the register on 1st October 2010. |
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