We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Hardy Amies | LSE:HRD | London | Ordinary Share | GB0002931458 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.25 | 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 | 1.25 | GBX |
Hardy Amies (HRD) Share Charts1 Year Hardy Amies Chart |
|
1 Month Hardy Amies Chart |
Intraday Hardy Amies Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 26/2/2010 | 15:56 | Hardy Amies-Buy before the market notices this | 1,084 |
| 25/7/2008 | 15:37 | PETER PHILIPS BUYS 1000000@2.89 | 8 |
| 13/6/2007 | 09:29 | Hardy Amies with Charts & News | - |
| 07/2/2006 | 16:51 | Welcome to AIM | 105 |
| 29/6/2005 | 13:32 | Future of fashion | 5 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 03/10/2008 09:22 by boscolane For what its worth Ive just had a chat with Guy Peters at Shore Capital. They are the nominated advisor to Hardy Amies.He said there have been a number of approaches from people wanting to buy out the AREV stake and keep the company running with its listing. However there is only a limited amount of time before the administrator is appoined (under a week) for any deal to be done. Once the administrator comes in, the company is sold off piece meal and the creditors paid first. (shareholders getting nothing). I asked him to mark out of 10 the chance of the company being saved. He said between 3 and 5 but nearer 3. He also seemed to suggest that any deal would involve a debt for equity swap so we would get nothing anyway. In the end he said there is a great deal of potential and huge brand value in HRD which is attracting attention. He said the directors were VERY confident AREV would keep funding but that they were let down themselves from their funding source. Sorry its pretty much bad news but I suppose others have lost a great deal more. Regards. |
Posted at 01/8/2008 23:03 by boscolane Evening all, Ive just got back from holiday to the surprise of seeing activity on the HRD board !!! My view is that the phillips buy is very positive. Put simply, why would he invest if he didn't have faith in the companies progress ?He should know how things are going, he is involved in running the business. He also bought early which suggests he thinks the price might be significantly higher by year end. I had better not ring him to find out, when I spoke to brunning a couple of times he got fired soon after !! |
Posted at 29/7/2008 12:24 by ladybird1 Must confess, bungler, I can't see why Mr.Phillips would carelessly punt that sort of money on just a hope & a prayer. Equally, as clocktower says, given the state of UK retail and HRD's debt burden, it isn't perhaps currently a place for ordinary mortals to risk there few pennies.We'll just have to wait & see. The rest of the options expires beginning December. I imagine the hope originally was for Tim to be rewarded by simply trading them against a higher price & pocketing a potentially very nice bonus. Looks unlikely now & the expectation they'd just expire quietly. But who knows what might come out at the interims??? Amazing how the whiff of a reprieve from executin can cheer you up though! If ony for a moment or two!!! |
Posted at 27/6/2008 18:36 by ladybird1 boscoI'm sure you're right on both counts Certainly it will be a long haul. The debt burden is now very heavy & at 10% over base makes bottom line profit a fair way off. I am sure they would have liked an equity injection to clear debt & take the company forward, but trading conditions & now the results will keep the share price where it is medium term, so no choice. That said, Maunders' concentration on EBITDA is entirely right in assessing the state of the company's progress. They have shown they will stick with it & I agree that if they show real progress, they will be able to get an equity issue away in 1-2 years, clear the debt & move away. Meanwhile, I would suspect they will need yet more loan funding later this year, with the new shops (& the interest to pay!). One point. I read the RNS that they are giving up on the women's range, other than couture in the House. Not perhaps entirely clear from the wording, but perhaps you might revisit? I think that is so. In fact, I take that as a plus. I am impressed by Maunders bluntness in accepting the failure of the women's range is entirely the company's own fault & the willingness to cut losses (also presumably sacking Brunning?) & concentrate on the successes. All-in-all, put away, forget about & perhaps a nice surprise in due course, tho' it is now, as you very rightly say, a long term punt at fairly long odds. |
Posted at 25/6/2008 09:33 by boscolane A quick lesson in HRD speak. For 'imminent' read 'to the wire' One more thing Brunning said by the way. He said he welcomed calls from small shareholders and thought it was a healthy thing. He also commented that the report would make 'very interesting reading'. Not sure he would have said any of this if they were about to shaft the lot of us. He didnt say anything which gave 'inside information' but at the current share price confirmation that they are solvent was encouraging. |
Posted at 22/6/2008 12:36 by boscolane Welcome back Ladybird, hope you had a good time away. If its windy,you must live up North. I'm going for the 5/1 shot of next Tuesday. I'll place 100 of my truck load of HRD shares as the bet. its the most excitment HRD has given me for months.....v sad ! |
Posted at 12/4/2008 10:48 by boscolane Morning fellow sufferers !!I like the new website. The prices are high but without doubt the quality of the clothes and designs are exceptional. The test now, of course, is to make sure people sample them. That means some level of marketing and advertising. Maybe thats why they need the 500 thousand. The share price is at a level where the city expects the company to go bust. My view is that the MMs take a serious risk here in dealing at around 1p as I suspect they could get seriously burnt. I have mentally written these off BUT i have spoken to Nigel Brunning on a few occasions and the calculation is this. Either HRD is making real progress albeit in a difficult sector and economic climate or he's lying. Call me naive but I genuinely get the sense that the management are extremely effective. I dont belive they plan to shaft shareholders and I hope the next update will clarify exactly where they are in development. I dont expect the new stores to be making money, that is simply unrealistic with start up costs and lack of public awareness. I think we simply need to see progress and listen to their forward projections. Sermon over, now let the share price crash another 50% !! |
Posted at 29/1/2008 12:22 by bungler damloy you have my sympathies - but no point in bailing now I'd have thought. ladybird - thanks and I agree high risk and potentially (still) very high reward. If we can stand back for a moment here and look at it objectively: what exactly has changed since the excitement of October? We have had no update on progress at the stores - not exactly a disaster and perhaps can be explained because they want to make a splash in the finals after which, if news is good and share price rises, they could raise more money if they need it. We have been told no profit until "after 2008" - which , as clocktower has said could mean 2020 for all we know - not good but again not surprising. They have always said expansion is the name of the game at the moment. So far as raising more money goes they said this last June 19th; "Hardy Amies announces that it has secured a loan of #2,853,000 from Arev Brands Limited ("ABL"), a substantial shareholder. The loan will be used to fund working capital, as well as to provide funds for Hardy Amies' planned store rollout. The loan is intended to enable the Company to fund its expansion programme over the next two and a half years. Depending upon the rate of growth of the Company and the cost and pace of the store rollout programme, use of the proceeds of this loan may be sufficient to allow the Company to achieve a profitable trading position. As a consequence, the Company may not require any further equity funding over the next two and a half years." Against that is the statement on 21st September: " Looking forward, the company said it is currently considering the longer term funding options for the business with a view to accelerate growth beyond 2008. This could include a rights issue next year, it said. Hardy Amies said its second-half trading expenses will rise as the new stores come on stream and the company incurs pre-opening costs." The two statements aren't necessarily contradictory - Arev might just want to get its loan money back at some stage this year. But they're not likely to press for it if it means a rights issue at a low price and a substantial dilution of their shareholding I'd have thought? It's not like they're short of money. So 2 possible scenarios: 1/ Rose-tinted spectacles view: Given that they may want to have a rights issue they will need to get the share price up (don't forget that both Brunning and Phillips bought 1 million shares at 1.25 on the 4th October and Phillips also has options for another 20 million (!) at 1p ((11th Jan 2007)). So, what's the best way to please the market? Lower expectations, clear out all the old problems, roll out some new stores, keep all the good news back until a stunning set of figures in the summer and then raise more money. 2/ This is all rubbish. They've expanded too fast in a rotten market and are stuffed. As are we. Comments please. PS ladybird why do you think further loan unlikely? |
Posted at 28/1/2008 12:33 by ladybird1 I think you hit the nail on the head, clocktower. They will have to raise more money (as thay have frankly said) to finance their expansion programme & to repay the loan in due course. If the share price stays low, they will not get a rights issue away without significant dilution. Further debt is not an option without good progress being evident, which of course would lift the share price anyway.The couture business looks well set and the far eastern ventures may very likely do well. But the focus in the short term will be on the UK retail, in that this is where they have made their greatest commitment. You will recall they were not just talking of those stores already opened but more in 2008 and that all costs money. If Uk is not showing progress by half year, then they are likely to have a problem and your scenarios takes centre stage. We don't yet have any analysis of the figures, of course, but HN has several months back in house and the new stores were there for the Xmas trade. The figures don't look as if they've generated much and certainly the statement was conspicous by its absence of any words like 'encouraging start' or indeed any direct reference to their performance. In fairness, the company warned the UK retail would take time to develop. Finals should give more idea. But in the meantime I can only agree with your concluding word. |
Posted at 07/11/2007 09:38 by seizetheday I did a bit of research and now I understand better what's happening and the remarkable potential of HRD considering who is backing them.For some these are old news but a reminder won't hurt. Arev is the key word. They own 49% of the company. They are an incredibly successful investment company who own top brands in the designer clothing industry (just read the article below). John Heath (non exec for HRD) is the key figure here apparently. By the way, only less than 50% of the issued shares are available to the private investor and this is why the price can move so rapidly on limited volume. Arev has really impressed me and their strong link with HRD seems a great indicator of the potential of our company. Also, the directors seem also quite committed with their money, also a very good sign. FROM HRD WEBSITE - INVESTOR RELATIONS Shareholder Information Hardy Amies plc securities are traded on the AIM Market, LSE. The total number of AIM Securities in issue is 207,991,085. The percentage of AIM Securities currently not in public hands (as defined in the AIM Rules for Companies) is 51.11%. Significant Shareholders The following shareholders are directors of the company and any other shareholder of 3% or more of any class of security (except treasury shares) Arev, 49.31% shareholding Pershing Keen Nominees Limited GWCLT Acct, 4.30% shareholding Pershing Keen Nominees Limited Perney Acct, 3.79% shareholding Peter John Philips, 0.84% shareholding John Heath, 0.48% shareholding Nigel Brunning, 0.48% shareholding Non-Executive Director Name: JOHN HEATH Age: 49 Date Appointed: 25 June 2007 John Heath, aged 49, joins the board as non-executive director to provide retail support and expertise. He is currently Chief Executive of the Scottish based Cruise fashion chain. Formerly he was Managing Director of the fashion retailer USC and prior to this was the National Sales Manager at Next. John Heath has interest in the following companies/partnershi CURRENT DIRECTORSHIPS Mantic Retail Limited, Cruise (Holdings) Limited, Cruise (Glasgow) Limited, Lanepost Limited, Jim Cruise Limited, Ingram Retail Limited. AREV, the investment firm set up by Jón Scheving Thorsteinsson, the former Baugur UK chief executive, has bought Cruise, a Glasgow-based designer fashion chain for an estimated £7 million. All the proceeds of the deal, which is being led by JOHN HEATH, the former chief executive of USC, the fashion chain, with debt provided by Bank of Scotland, will go to owner Jim Gibson who founded Cruise 20 years ago. The chain, which sells brands including Prada, Hugo Boss, Chloe, Jimmy Choo and Gucci, has nine stores. It achieved operating profit of £800,000 in the year ended February 28, 2006 on sales of £17 million. Mr Heath intends to open ten more stores over the next few years, expanding the chain outside its northern heartland. Mr Gibson will remain with the business in the short term on a consultancy basis. Arev has bought Cruise through Kcaj, a £60 million private equity investment business set up this year. Kcaj already owns 50 per cent of HARDY AMIES, the AIM-listed designer brand, as well as stakes in Duchamp, the luxury men's accessories brand, and Linen & Things, a US retailer. Arev also owns 50 per cent of Jones Bootmaker, the footwear chain. The investment firm shot to prominence when it joined with Kevin Stanford, the retail entrepreneur, to buy a 70 per cent stake in Ghost, the designer label set up by Tanya Sarne. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
