Hallin Marine Subsea Share Discussion Threads

[scottishfield] 01/7/2009 22:29

I was holding until 18/06 when I sold at £1.45 to buy another stock. Again having received the newsletter etc, I was quite convinced that I had got it wrong. I've been here before & feel for the sentiments today.

Dgo, which I hold dipped in late Feb, different reasons I know, then powered on

My gut feel is that the management have let us (& themselves down). I don't know if I shall re-buy.

Good luck all.

[melody9999] 01/7/2009 22:03

I was a holder in the latter part of last year and managed to sell out at under 100 and pretty close to the bottom. So holders are still doing better than that.

This was a shock today though - OK if business has slowed but I have some doubts about the management now. HMS had remained on my watchlist, but endorsing Marvelman's sentiment, I have now removed them.

[marvelman] 01/7/2009 20:38

Plas (I assume a Welshy like myself)

I have been around the markets too long to ignore statements like this. My gut says get out and my head agrees. I have long had a worry that they were running to fast with new ships and new projects but did and still do believe that this is a very good management. However the market takes quite a while to forgive companies statements like today's and there are still very good opportunities elsewhere. Very disappointed but not silly enough not to see what needs to be seen for what it is..good luck though.

[plasybryn] 01/7/2009 20:29

What I should have said as well, is it provides a buying opporunity that was never expected. Plenty have already taken the chance today to do just that.

[plasybryn] 01/7/2009 20:28

It all seems a massive over reaction to me. Because it is a fairly thin market, the selling has pushed the share down much more than is logical. In these sort of cases, the shares often recover quite quickly and those who sold at the bottom will be very annoyed. This remains a very sound company in my view and news of contracts over coming months will see it back on its upward path. DYOR

[interceptor2] 01/7/2009 19:47

The real worry from todays trading statement is the difference in tone from previous statements. It was so much more downbeat than before, it seems like management are preparing the ground for difficult trading year and some nasty surprises.

Having read it a few times this morning and deciding to sell, I have re-read it again and it doesn't look any better.

[gcom2] 01/7/2009 18:52

Looks like Lamprell 2 or 3 months ago. That soon recovered +50p.

[koolio] 01/7/2009 15:53

I think all of you that are selling should be comfortable with your choices.

I am a long term holder averaged at under 80p, today I have huge PAPER losses but, I will be happy to pick up some more of these because the management is honest and that's suit me.

Good luck to all holders.

[the last supper] 01/7/2009 15:16

"A friend of mine who's a LTBH investor has phoned me in a panic this morning as the share price for HMS has collapsed around 30% overnight. As he's not on the interweb, he phoned me to see if I could find out why. I've done all the obvious Google searches, but come up with nothing. Could anyone who has access to a good live news feed be kind enough to post what the story is please?
Many thanks,
Tim."

[interceptor2] 01/7/2009 13:38

Having sold out today at 123p and 128p I have made a loss of just £450, where the upside could have been Thousands of pounds profit. I'm always happy to take on small losses, and always sell on any profit warning.

Remember never to fall in love with a company, and try and keep emotions out of investing.

Would expect HMS share price to lanquish for a while, but will keep on watchlist and might act if the story turns more positive.

[stegrego] 01/7/2009 13:12

I think the last half has also to be put into the context of the oil price dropping off a cliff, at the same time as the lending markets freezing.

Cant imagine its going to get much worse than that going forward.

[pro_better] 01/7/2009 12:50

i doubt it...they have a problem and it will take them time to recover...i expect share price to drift below 100p in the meantime...

lets hope for the best...

[taylor20] 01/7/2009 12:49

Not to mention that Hallin's fleet has a NAV per share of well over 100p.

The planned expansion of Hallin's operating assets continued during 2008 and the book value of these assets rose 51% to US$97.6 million at the end of 2008
compared with US$64.6 million at 31 December 2007. Accordingly, Hallin now has
an asset value per share of some GBP1.07.

[joe say] 01/7/2009 12:44

My own take is that management have got partially hung up on the company of the year award, and in their desire to come clean, have actually muddied the waters.

However, as a few posters have pointed out, todays RNS has provided an opportunity; one I've availed myself of.

So if the share price could do the decent thing, and start the slow climb up, I for one would be grateful

I thank you

[matis0906] 01/7/2009 11:59

Thanks GI exactly what I thought. I think it could close north of £1.20 which is my average - I will be happy with that. Lot more buys as you say and I think because of the Panic selling lots of stop losses have been triggered.

[huttgl] 01/7/2009 11:53

Just logged on and seen the reaction to what was pretty much expected.

Whilst a drop was bound to happen the Market has over-reacted and IMO created a nice opportunity.

Upset that I missed the bottom but this will still close higher than current. Particularly if HMS issue some figures to clarify rather than leave things to overheated imagination.

[greek islander] 01/7/2009 11:39

Welcome matis
Guess that was unfortunate timing but at least you have been able to average down. My first and biggest purchase was at 118p and my average is 129p so not yet overly worried.
Excellent fundamentals here - it was a huge bargain when I first bought and things not really changed that much other than the profit warning.

Think we will finish up around 120-125p as the share price is coming back a bit. Look at the buys to sells ratio - hardly a sell off! Much of it panic selling or stop loss induced.

EDIT 50k sell, yet the share price rose - indicates buyers waiting in the background.
Is it easy to buy stock at the moment?

[matis0906] 01/7/2009 11:32

hello Greek Islander - Having slashed my holding of RCG by 90% last week I purchased some of these at £1.48. I have just topped uop again today and bought some more at £1.06 seems a bargain at that price and I wouldn't be surprised if I do not see a profit within the short term. Looks like a good company to me both short and long term. Hope all is well.

[clancrackan] 01/7/2009 11:30

Borrowings were $42.6m at year end 2008 or Gearing 30.8% or net debt of just
$19.6m net of cash.

How much net debt has Hallin got after the Ullswater sale and leaseback in early February this year Slap ?

Net debt was $19.6m and the leaseback brought in $23.4m !

Less than zero !

Less than zero is hardly a lot of debt imo

[greek islander] 01/7/2009 11:22

I know it's all words but I do see no reason to change my view of this stock and I am in it for the long term. It is still low pe, well profitable and maybe more than anything else suffering from the huge profit surge of last year.
Too many times in the old days I panicked out of stock on a profits warning only to see a steady recovery. OK if it was a software company I would be wary but we are talking, assets, cash and stock in trade, reasonable gearing and order inflow continuing.
The ideal time to buy. Just wish I had some spare cash.

[slapdash] 01/7/2009 11:18

well if you believe JM Finn then you need your head read.... just soothing words from the house broker...

Could be that this is a company which has expanded to fast.... with a lot of debt who knows how this will pan out...

Slap

[ukinvestor220] 01/7/2009 10:45

OMG moonlover id better sell all my shares in everything

[loafingchard] 01/7/2009 10:44

I would be very surprised if it reached 50p , that is the historic low , so much has changed for Hallin since then .

No chance imo