Erinaceous Share Discussion Threads

[tubruk] 21/1/2008 08:52

Lots of reports that DH have been hit with £10m. One of the reasons no-one wants to buy this crock is that there are still other potential actions out there. This just makes it more likely they'll be made.

[ch2175] 21/1/2008 08:37

Wel the crook who started the fall from grace has hit but I dont see that they will collect much of the £11.5M from that individual.
Suspect the problem they now face is with that claim out of the way the Cheshire will be applying for a summary judgement against Dunlop Haywards for a similar amount.

[yvain] 20/1/2008 19:10

I think calling him the main fee earner is a bit steep and a sign of the lack of quality left there but they do seem to be having big problems selling the insurance arm considering it's been punted around the insurance market for the last 2 months. No-one seems to want it (at last at a price which would make any dent in the borrowings).

As for the statement implying they're selling due to lots of interest....the standard of reporting with no research to see whether what is said is actually true beggars belief.

[harty1] 18/1/2008 17:01

That rather presumes he was the main fee earner - I understand that to be far from the truth and indeed he came with 2 large accounts 2 years ago and left with the same - hardly a major loss

[ch2175] 18/1/2008 16:25

A few days after they announce they are looking to sell insurance arm, they lose the main fee earner. That will help the sale price!

[tubruk] 18/1/2008 14:42

Erinaceous hit by another key defection
Friday 18th January 2008: 11:16



I'm surprised there are any rats left! Being top income generator in Erinaceous isn't anything to crow about these days!

[tubruk] 18/1/2008 10:46

What's your reasoning?

[8iron] 17/1/2008 16:58

more to the point - whats happening? not closing, no trades? Stock exchange showing closed though.

[cjl2112] 17/1/2008 16:54

8IRON I will go with you on this one, short run could be a ten bagger in no time at all.

[8iron] 17/1/2008 16:53

lets beg to differ then. I guess proof of the pudding is in the waiting!! short term.

[tubruk] 17/1/2008 16:16

8iron I suggest you do some detailed research. Huge debts they can't afford to pay, they can't give away the insurance arm and shareholders are going to suffer a huge dilution of shares. Where's the potential?

[8iron] 17/1/2008 15:58

psolomons - no offence intended!

anyone have any idea why nothing showing? Still think huge potential here though.

[ch2175] 16/1/2008 11:22

Tubruk - I think the summary is that shoman was simply looking at any bounce as a high risk play to make a few quid in short order without any real regard for fundamentals. psolomons on the other hand was commenting on such a stratagy.
The key is that there was nothing new in this weeks RNS excpet perhaps that the dilution has moved from a possibilty to a near certainty. Presumably, its that clarification thaty has stopped Sand Frog47 from spouting about bidding wars and 35 pence targets.
Strange they didnt include anything about the full stategic review promised before Christmas?

[tubruk] 16/1/2008 11:00

I wouldn't presume to comment on his behalf but it sounds like psolomons is one of the few sane voices remaining on this thread!

[8iron] 15/1/2008 21:01

psolomons - is one to assume you have shorted here?

[8iron] 15/1/2008 20:50

but buying strong even at close?

[shoman] 15/1/2008 12:22

after reviewing the recent RNS, I take back my previous statement...
in that I do not anticipate this to bounce along much longer.

My point being that the same comments were coming out of certain posters from 2-4p range in recent times - I am not a gambler but clearly have a higher risk tolerance level than many here. Agressive trading has made me what I am.
My confidence came from discussions with a member of the erinaceous surveying team who corresponds with key shareholders. I have worked with Erinaceous group members on varous projects/ The summary of my analysis concluded (in my mind) that this would be alive for a few weeks yet.

Seems that I was right.

If any needed a hint of evidence, just look at past buy trades..

[psolomons] 15/1/2008 09:34

I sincerely hope noone listens to you shoman. Only a fool would ignore what the company is saying. you may be a hair trigger gambler but you know what kind of person is soon parted from his money. Riding dead cat bounces is very difficult too !

[tubruk] 15/1/2008 08:26

Shoman, they've just confirmed again the debt for equity swap and that shareholders will probably see their shareholdings diluted. So why on earth will this return to 6p?

[yvain] 14/1/2008 22:53

In support, it's not moaning shoman it's called realism. Good luck to anyone who has made money but they've been very lucky indeed as there's been no logic to their buys and certainly the majority ramping on here have lost big time if they've bought when they said they did. 5p no chance.

[shoman] 14/1/2008 17:32

back to 5-6p within 2 weeks.

stop the sour grapes:

psolomons
tubruk

for all your moaning on these boards.. there are many who "have" been making a killing from the share price waves.

its a no brainer indeed (so it seems by some of our broking accounts(

[ch2175] 14/1/2008 16:53

Sensible comment follows courtesy of Mr patel on Property Week

G. Patel 11:13 | 14.01.08
It's worth remembering that Insurance businesses do not pay anything like the multiples that the recent (non-insurance) press speculation has suggested.

Revisit the accounts from the past few years and note that a key contributor to the insurance divisions profit appears to be from tenant referencing - which isn't insurance (and probably has a low cost of sale by its very nature); and is a service which is unlikely to have a strong appeal to an insurer or insurance network.

Combine that with the current credit squeeze, add in the widely reported insurance teams exodus and its market value will not probably result in a major reduction in the current level of borrowings.

[andrbea] 14/1/2008 14:57

1M buy (vol) = 33500 quid's worth

[tipsytoad] 14/1/2008 14:56

hmmmm - interesting lets see if any more large orders get filled