Hansard Global Share Discussion Threads

[wunderbar] 07/6/2018 16:08

A traders share! Whatever gave you that idea?

If you strip out the recent uncharacteristically high volatility consider the fact for past SIX YEARS the share price has been stuck in a typically tight trading range of 87 to 115p, it’s hardly a trailblazing stock hence the reference to steady eddie share. I wouldn’t think HSD would appeal to traders as it’s too dull (historically speaking), volatility is rare, daily volumes are low and you’ll also find mm’s frequently manipulating the spread - anything between 0.4p and 4p!

If anyone wants to trade this stock for a few pennies profit then good luck to them but that approach isn't worth my time. I’m simply looking for a dull income stock offering a decent steady dividend with potential for moderate capital growth and hopefully Hansard is just that.

As for today's performance HSD dipped right near the bell to finish @ 58.4p, down almost 6%. We're lead to believe recent falls are attributable to seller offloading stock so begs the question how low can this go bearing in mind share price is now at an all time low. As I've said before should we see c55p then I'd be inclined to add to my position. Normally I wouldn't advocate quickfire top-ups in such a short space of time but the rapid decline looks way overdone to me. In the meantime we can only watch and wait for the share price to get back to more realistic levels.

[pvb] 06/6/2018 20:36

And there was me thinking this was going to be a steady eddie share.

Ooh! Whatever gave you that idea? Have you not seen the long term chart? More a trader's share IMO!

[mister md] 06/6/2018 11:29

Shareprice action seems to indicate seller is (almost) cleared ? Hoping for a return to 80-90p in due course

[stemis] 06/6/2018 10:37

Yes, I've just had the same reply.

[loganair] 06/6/2018 10:20

I wrote to Hansard asking about the dramatic drop in the companies share price and this is their reply:

"We believe the share price movement is due to recent bulk selling volume beyond levels where normal liquidity is available to absorb it. Our business dynamics have not significantly altered during the period of the price fall and we remain optimistic around the opportunity for growth in the coming financial year."

[mister md] 05/6/2018 09:16

Low # of shares in issue so sells cause sharp drop (and vice versa with buys) - anyone have a list of major shareholders ?

[wunderbar] 04/6/2018 17:05

Jeez! This wasn’t in the game plan! Only bought into this stock 1½ weeks ago and already it’s dropped a staggering 18% on very little volume and no news. And there was me thinking this was going to be a steady eddie share. Law of averages says the shareprice is due a sharp rebound…trouble is when? I already topped up last week at 63p so won’t be jumping in for more just yet, perhaps c55p I might reluctantly buy again. Somebody recently asked if the embedded value of 143p should be taken with a large pinch of salt. Given that the shareprice is now 59p I’d say the market is taking that figure with a large shovel load of salt! If this decline keeps on rolling I’d suggest a name change to Hansard Global Wealth EROSION.

[cockerhoop] 04/6/2018 16:36

It's not just investor sentiment is it?

The last RNS noted a further geographic area of their addressable market has been regulated out of reach to join Europe and Japan.

Regulation also being tightened up in the Isle of Man perhaps prompting the opening of the Bahamas Office?

I'm not saying there's not Deep Value on offer here but the operational headwinds of declining margins and markets for their products aren't creating the catalyst for the value to be realised.

[loganair] 04/6/2018 16:24

HP - Investor Sentiment

[hugepants] 04/6/2018 16:22

doesn't really explain though why there's been a 20% drop in a few weeks

[stemis] 04/6/2018 16:05

I think the growth 'potential' is the key question here. As they said in the 2016/7 interims -

"In light of the increase in new business over the past eighteen months and the expectation of further increases of new business in the current financial year and beyond, and given the increasing front-end cash investment in new business (which in time will generate increases in future profitability and cash flow), the Board has reviewed the level of dividend. Accordingly, we intend to maintain a flat dividend for both interim and final dividends in FY 2017 and to reduce the dividends by 50% from the time of the FY 2018 interim dividend and thereafter.".

Since then, although talk has been bullish, and there has been a decent recovery in new business, this hasn't yet fed through to the bottom line.

[hugepants] 04/6/2018 14:48

Looking grim here. The key 60p level is looking vulnerable.

[loganair] 04/6/2018 11:51

As far as I understand HSD has a future cash flow value of 62p, has an excellent balance sheet with moderate growth potential.

[mister md] 04/6/2018 11:46

is this the bottom ?

[hugepants] 01/6/2018 13:33

Ive bought some but not confident enough buy that many.
The embedded value of 143p looks good. Anyone know how reliable this is. Or should it be taken with a large pinch of salt?

[stemis] 31/5/2018 21:00

This is nearly at the level at which it is valued at only the cash on the balance sheet. For a profitable, dividend paying business, with embedded value of 143p a share that's hard to understand. It's fair to say though that they've done themselves no favours over the last 5 years...

[mister md] 31/5/2018 20:35

www.sharesmagazine.co.uk/news/market/5829894/Hansard-growth-in-new-business-continues


Hard to imagine much has changed since the Jan update? Shareprice was approx 92p

[danieldruff2] 31/5/2018 13:55

6 years back the divdend was almost 14p. This one is a slow motion failure, keep watching it but no sign of a genuine improvement.

[loganair] 31/5/2018 13:47

Even with the 50% reduction in the dividend, Hansard are now on a yield of 7%

[mister md] 31/5/2018 13:35

Added a few under 63p although not a fan of catching a falling knife

[garycook] 31/5/2018 12:27

Far better to put your money into PHNX,Rights Issue at 518p.Need to buy by 21 June latest to qualify for the Rights at 518p.

[the argus] 31/5/2018 11:44

Wunder, like yourself, I took another bite at this this morning at 62.697p, I don't intend to hold too long, either way, but the price seems to be drifting mostly on very small sells. I guess time will tell but it looks way oversold, considering there has been no material news.

A.

[wunderbar] 31/5/2018 10:47

Hansard appears to be a classic unloved/forgotten about company, shareprice has been drifting lower for some time. I only bought in last week @ 72p and already it's dropped 10p (14%) on no news whatsoever. Taken another punt today @ 63p. Not sure if divi is sustainable given the large drop of late, could be classic value trap....or a bargain awaiting re-rating!

[mister md] 31/5/2018 10:14

What is going on here? Not impressed

[my retirement fund] 17/5/2018 10:22

Always darkest before dawn.