Hansard Global Share Discussion Threads

[mister md] 26/9/2012 09:36

thanks. this is what it said in the results:

The Board has resolved to pay a final dividend of 8.0p per share on 19 November 2012, subject to approval at the Annual General Meeting, based on shareholders on the register on 28 September 2012.

[flagon] 26/9/2012 09:02

xd today.

Link ->http://www.stockopedia.co.uk/share-prices/hansard-global-LON:HSD/dividends/

[vosene] 26/9/2012 09:02

No it's the 26th

[mister md] 26/9/2012 09:01

thought ex-div date was 28th? or is 8p move down today due to the overall market

[pvb] 21/9/2012 13:28

Market purchases by one director - 10,000. And on behalf of Hansard Employee Benefit Trust - 23,450.

[vosene] 21/9/2012 12:44

Numis rates as buy with 160p price target whilst admitting income seekers may be cheesed off with the dividend cut

[solarno lopez] 21/9/2012 11:16

Lets move on then ALEMAN in a good spirit and hope that we have a bright future with HANSARD

[aleman] 21/9/2012 11:13

solarno lopez - I was encouraging you to look at HSD cashflows, which is more important than earnings in determining dividends. Disappointing news doesn't change that. I'm sorry if my attempts to help seemed "caustic" to you. (I know I sometimes come across as blunt in text.) Perhaps I was too optimistic but it wasn't the first time and won't be the last. The market always springs surpises in both directions. I did say I was new and asked others if they had comments about the cashflows outlook. Unfortunately, cashflows have disappointed slightly and the increasing threat to the cash buffer from the £11m (and no doubt rising) lawsuits seem to have enouraged the board to be more cautious about the dividend. I'm also not sure they sound as optimistic about recovery in future trading.

I suppose the reaction in the shares looks reasonable. I think 16p in the next 13 months isn't so bad now the shares are £1, even if it is a disappointemnt of varying sizes for people who bought before now. In my view, it's probably not worth jumping ship at the current price. There ought to be a recovery sooner or later which should generate a good capital gain and you'll struggle to get more than 8p for your £1 elswhere in the meanwhile. But will things get worse before they get better?

[solarno lopez] 21/9/2012 10:55

HIERONYMOUS suggest you re-read your postings 305 and 307....now who is simple minded !!

[vosene] 21/9/2012 10:48

Apologies for the lack of table formatting, but I'm comparing 2009 results to 2012 results to see how things are progressing over a longer timespan. First figure is 2009, second is 2012:

New Business sales
£166.2m
£175.7m

New business margin
6.1%
9.6%

Cash payback on new business
2.9 years
2.6 years

IFRS profit after tax
£20.1m
£11.2m

EEV profit after tax
£10.3m
(£13.7m)

Cash inflow
£25m
£39.3m

European Embedded Value
£236.6m
£224m

Assets under Administration
£1,002m
£1,034m

[hieronymous1] 21/9/2012 10:46

It will take a while for trust to be regained here and I was looking for something to sell to take up a rights issue. Since I was sitting on a large profit until today, I have escaped with a small loss. Also bought into the DAX this morning and am already up on that deal so, two cheers.

[solarno lopez] 21/9/2012 10:17

Aleman read your post 301 ESPECIALLY the first paragraph.

Then the final sentence of your posting 303

[vosene] 21/9/2012 10:14

* Panmure cuts Hansard Global price target to 162p from 185p; rating buy

[solarno lopez] 21/9/2012 10:09

Thanks Shauney2

[shauney2] 21/9/2012 09:53

Thanks MD and soi.

[solarno lopez] 21/9/2012 09:50

Isn't that the warning I was giving when the 'Herberts' launched their attack

[grahamburn] 21/9/2012 09:46

No other way of reading it as that is exactly what it said!

[soi] 21/9/2012 09:44

shauney2


My understanding is that the Final divi of 8p is being paid but they are warning that future full year dividends will be reduced to 8p p.a after that.
EX D 26/9


That`s how I read it anyway.

[mister md] 21/9/2012 09:43

shauney2:
8p final dividend this year (full year 13.9p)
Then 8p full year divided next year as a new base to move forward from

[solarno lopez] 21/9/2012 09:19

so Aleman whats your take on this after your caustic comments and CWA1 I responded to your posting 299 with clear and CORRECT information then the HERBERTS shot me down.

You will now realise that Aleman is not as bright as you believe now is he

[shauney2] 21/9/2012 09:18

Excuse my ignorance.Have they cut the dividend? I noticed it goes ex divi next week and think it may bounce from this mornings fall.

"The Board has resolved to pay a final dividend of 8.0p per share on 19 November 2012, subject to approval at the Annual General Meeting, based on shareholders on the register on 28 September 2012. If approved, this would bring the total dividends in respect of the year ended 30 June 2012 to 13.9p per share and will represent an increase of 1.1% over the dividends in respect of the financial year ended 30 June 2011 (13.75p per share).

Also noted Numis yesterday had a buy and target of 160 and Panmure today have a retain buy of 162

[cwa1] 21/9/2012 09:12

Morning Stemis

Sensible enough summing up I think...BUT...

They seem to winning new regular business at good margin so there's no reason to believe that eventually things will recover (IMO).

That doesn't sound as encouraging as I think you would like it to!

[stemis] 21/9/2012 09:02

Updated header.

The commentary is generally upbeat but the market will inevitably focus on the dividend cut, continued litigation in Scandinavia and the fall in EEV. It's worth bearing in mind that the accounts are at 30 June and there has been a recovery in stock markets since. Hopefully the 2012 interims will reflect some of that.

Over the last 6 years HSD has delivered 80p in dividends. With the reduced dividend the yield is now 8% and covered. There is 48p of shareholder cash on the balance sheet and stripping that out, the IFRS P/E is about 6.5.

They seem to winning new regular business at good margin so there's no reason to believe that eventually things will recover (IMO).

[solarno lopez] 21/9/2012 08:15

Don't forget the cash flow now will you !!