Hallin Marine Subsea Share Discussion Threads

[crawford] 11/12/2009 15:51

Yes, and from arranged and committed debt financing:

Financing


* The Acquisition will be funded using the Superior Group's currently committed
debt financing arranged by JP Morgan Chase Bank, N.A.

[edmundshaw] 11/12/2009 15:49

What are you on about? All cash transacton... HMS will re-registered as a private limited company.

[captj] 11/12/2009 14:31

Hallin over extended and using toy boats but there are worse companies but Superior are a company I wouldn't bet my shirt on. Have been involved with both don't hold for that reason so my opinion is only my opinion but I'd take the money and think my boat had come in as I competition is better. Superior were bankrupt a few years ago and if it had been other way round could see a further profit but superior top heavy with , well leave it to PI's. Good luck anyway,I have nothing to gain from post so maybe be vilified, but know the companies and market the market and industry they work in DYOR. Hallin boys must be rubbing there hands

[plasybryn] 11/12/2009 14:28

I have held these for a few years. Then sold half my holding yesterday as thought I could do better elsewhere.
Can't believe my bad luck. What are the chances of that! At least I kept half.

[loafingchard] 11/12/2009 14:14

well done mr clag :)

[mpclag] 11/12/2009 14:13

wow just logged on today and £40k up.
Well worth the patience.

[edmundshaw] 11/12/2009 14:02

There is still a small chance of a competing bid. About as small as the chance of the deal getting pulled, perhaps. Disincentives agreed to limit the chance of the deal falling through, though...

Superior can buy in the market, so they may support the price up to about 230p or so too.

[elban] 11/12/2009 13:30

Well done to all that held on here.

I sold out a few months ago because I needed the funds for elsewhere. kept following because they were cheap and very well run. Didn't expect this so soon.

I know a lot of the holders on here are excellent stock pickers and fully deserving of today's bonanza.

[spectoacc] 11/12/2009 13:22

5% in just over a month is 50-60% annualised return, but fair enough :)

[rik shaw] 11/12/2009 13:20

233 vv 221.75 available online currently is only 5% potential so I'm out.

[spectoacc] 11/12/2009 13:14

8% in a month vs tiny chance of 50% down - so excellent risk/reward. Anything possible, but chances of bid being pulled when agreed, funding arranged and timetable is as short as this would be v. unusual, esp since they wouldn't have bid this level without already having done the DD.

[taurusthebear] 11/12/2009 12:44

rivaldo - not at all. Hearty congrats on HMS. But I can see the dangers of having a third of my wealth in one company, even if others can't.

I'm sticking with it because I got in so much lower. But that's an excuse, not justification. :0)

[joe say] 11/12/2009 12:43

Congratulations all fellow soon-to-be-ex-holders.

Wonder if any chartist saw todays price coming ?

[rik shaw] 11/12/2009 12:42

Wow- just looked in here during my lunch break- wondered why my portfolio was looking so health today.

[loafingchard] 11/12/2009 12:39

Well done all holders , I shall be accepting the bid :) good luck all

[loafingchard] 11/12/2009 12:33

I reckon the 8% looks pretty safe , this deal looks to be a go to me .

BWTFDIK , DYOR

[rivaldo] 11/12/2009 12:28

Even TTB's supposedly congratulatory posts are laced with cynicism, criticism and self-glorification. And on a superb day like this too. What a guy :o))

[taurusthebear] 11/12/2009 12:11

I'd say a potential 8% return doesn't balance a potential 50% loss. But there you go. Nothing's for certain until it's certain. Leave some for the next guy. Which is not me, I gave up on HMS long ago.

Well done to those that didn't. I always thought that'clancrackan' was completely mad, and I still think putting much of one's money (or, at least, pretending so) into one stock is madness, but there you go. Putting a fiver on the Grand National is not the same as putting 50% or more of one's worth into stocks like this.

Even I've only got about 33% (after rises) in WCC. ;0)

[rivaldo] 11/12/2009 12:04

I'm with you edmundshaw - a guaranteed 8% or so in another month and a half is an excellent return. I may well buy some more at these prices if the discount remains!

After that I'll be reinvesting in GNG, VLE, LOQ and other AIM stocks.

[crawford] 11/12/2009 11:36

I think it was my blinkered friend Greek Islander that highlighted these to me :-)

[crawford] 11/12/2009 11:33

explorer88,
I agree with IERE, very impressed with the conference call on the oo. I'm taking up most of my entitlement.

Also been digging into BSST, it's drifted down on negative sentiment on cashflow, but I'm satisfied that the next results will be good and their addressing the issues. I'll be putting proceeds from these in there if it remains low.

[explorer88] 11/12/2009 11:30

Putting HMS profits into IERE, MWB and OVG - all trading at 50% or less of net assets and with positive newsflow expected.

[edmundshaw] 11/12/2009 11:21

Thanks Taurus

[taurusthebear] 11/12/2009 11:01

Hearty congratulations to all holders, and good to see value is finally (nearly) realised for those who had the patience to wait! :0)