Fih Share Discussion Threads

[whackford] 15/2/2017 08:28

Agree with all above. Understated value in books for Falklands land (300 acres facing into Stanley Harbour) which has "great expectations" including potential new port.

[bokorbilly] 15/2/2017 08:19

Hi all. Some very interesting goings on here, and I agree with weatherman and saints98. I think people should
hold on and see how things develop over the next few days and weeks. A lot of the major shareholders appear very angry indeed, especially as the real book value is 344p per share ( using fair value of property in the Falklands instead of cost-depreciation).

[weatherman] 14/2/2017 19:41

19-Nov-15
WH Ireland
Buy
225.00p
-
450.00p
Reiteration
16-Feb-15
WH Ireland
Buy
282.50p
465.00p
465.00p
Reiteration

Feb 2017 - "The Independent FIH Directors, who have been so advised by WH Ireland, consider the terms of the Offer [300p cash] to be fair and reasonable."

No wonder private investors don't trust Broker notes.

[weatherman] 14/2/2017 19:09

It is interesting to note some major shareholders have increased their holdings. Are they looking for another bid, or a higher price? Some historical broker notes from 2015 suggested a target price of 450p.

[saints98] 14/2/2017 17:27

With you 100% weatherman. Audacious in the extreme. Given the thin board structure, all shareholders are in the hands of one individual on this given our Chairman is conflicted. I wonder if Jeremy Brade is 100% comfortable with this ...just how hard have they really been working to do deals these last 2 years? The cynic in me says Rowland had all this worked out a long while ago: cancel the divi, hit the share price as a consequence and grow the cash pile. Wait for outlook to improve as highlighted earlier (Argentine relations improve, oil price rallies), then make a bid 10% higher than the level at which he cancelled the divi originally (paid for by the cash saved from not paying out those dividends)Even the house brokers target is higher (320p). Only thing that gives me hope is we have rather curious shareholder list and the announcement suggests that others were made inside before the deal was announced and chose not to give irrevocables (i.e. A commitment of sorts to accept the bid). Hopefully more to come. Given long dated nature of these assets it will be a travesty if not (or a steal if you are a Mr E Rowland)

[weatherman] 14/2/2017 07:06

What a surprise - fatten up the calf, then make a killing. We were told that the loss of dividends was to make acquisitions, but that hasn't happened. Instead those dividends are now to go to the family firm. I'll walk away from this with a small profit, but the Falkland Islands may feel the pain over the longer term through the FIH local dominance. I wonder whether the UK government will let them have such control over the lives of the Falkland islanders?

[whackford] 10/2/2017 10:10

Precisely Eburne.

Rowlands on to a good thing. NAV must now be about 320p per share.

[eburne1960] 10/2/2017 09:44

Mixed feelings about the bid - on the one hand it's a decent price for an illiquid stock not paying a dividend any more, on the other, its come at a time when things could start happening again in the Falklands (thawing in Anglo-Argentine relations, Premier Oil refinancing, etc).

[weatherman] 05/1/2017 19:18

Rising again in the new year.

[whackford] 27/11/2016 07:42

Thanks Weatherman. Also a piece on same webpage about Premier Oil and lenders having a say on new projects going forward.

Recent FIH results show "business as usual".

[weatherman] 26/11/2016 09:51

hxxp://en.mercopress.com/2016/11/24/falklands-refreshes-long-term-economic-development-strategy

[weatherman] 19/10/2016 10:11

hxxp://en.mercopress.com/2016/10/14/falklands-tourist-board-contracts-world-class-digital-platform

New CE of FIG is a Rowland just like at FIH - coincidence?

hxxp://en.mercopress.com/2016/10/13/falklands-new-chief-executive-has-30-years-experience-in-england-s-public-sector

[ch1ck] 17/10/2016 19:54

I sold the rest on Friday I think could have a quick 10 - 15% correction

[ch1ck] 11/10/2016 12:04

I sold a chunk this morning up 20% and looking like it could correct but I may be wrong but have enough invested to make it work either way

[weatherman] 07/10/2016 07:34

When you look at all the failed growth stories on aim, a recovering asset play is probably a safer bet. I did well in Avesco.

[whackford] 07/10/2016 07:23

Yes, as predicted, moving back to around £3 which is the NAV per share.

[weatherman] 06/10/2016 20:18

Still moving ahead slowly.

[whackford] 28/9/2016 13:25

New presentation on the website showing Net Asset Value £3.10 per share, £14m of cash and strategy on future acquisition. Worth a look.

[whackford] 17/9/2016 09:32

Thanks Weatherman. I have repeated my last post, slightly amended:

This is a low risk,very stable, conservatively run company. Using the normal valuation methods it is a real bargain at £2.00 by my reckoning. Also by the reckoning of W H Ireland who give it a target of £3.00.

The P/E is modest and net asset value per share is about £3.10, with £1 per share held in cash after netting off the small amount of debt.

Following Wednesday's announcement from the FO that various agreements with Argentina on trade, oil and other things are now in place, and with the strengthening outlook for oil, I expect the share price to progress towards its historic level.

[weatherman] 17/9/2016 08:00

OK - I've now created a new thread.

[silvester1] 15/1/2007 16:02

is this company still trading and making a profit?

[silvester1] 29/6/2005 12:27

Will we ever get any compensation or return on these shares

[silvester1] 21/1/2003 10:15

How is the company doing now that it has been in receivership for some time???

[muchos wonga] 27/9/2002 10:13

Its a matter of opinion whether the food was tasty. We ate there once (Guildford). The service was appalling, and the choices on the menu very 'samey'. I like my vegetables on the 'undercooked' side but these were on the wrong side of raw!