Hansard Global Share Discussion Threads

[folderboy] 22/2/2023 13:52

Well if that wasn't odd then surely this is. Twenty or so shares in my portfolio and at one point all but one were level or, more likely, down - the exception? Hard to believe but it was little old HSD - OK only up .3 of a penny and it probably will not last - but it's made my day.

Something going on?

[folderboy] 21/2/2023 12:49

Odd - a day of,for Hansard, heavy trading followed by a morning of hardly any.

[stemis] 20/2/2023 16:02

Tbh, although I'd miss the income, it would make a lot of sense for the Polonsky's to buyout the rest of the shares. The listing has hardly been a success and it's hard to see the market ever really being interested in them. It would cost them £42m at 60p and the company has £70m+ in cash or equivalents (although most of it is owed to creditors). Even at current levels of profit, they've have no trouble paying down the purchase price.

[red army] 20/2/2023 14:22

I added to my position this AM as the sector is being looked upon in a more favourable light

[solarno lopez] 20/2/2023 14:13

someone on LSE said that or an MBO

[neilyb675] 20/2/2023 14:02

Takeover ?

[neilyb675] 20/2/2023 14:02

48.00 - 49.80 (GBX) at 13:43:48
on Market (LSE)

[neilyb675] 20/2/2023 14:01

yes a strange move

[solarno lopez] 23/1/2023 14:39

New director and 10% + dividend

[folderboy] 10/11/2022 16:38

It is. All safely gathered in.

[dogray123] 10/11/2022 16:00

Is it dividend pay day today? Thanks

[folderboy] 29/9/2022 09:14

Oh - of course, foolish me. Thanks

[shauney2] 29/9/2022 08:47

No holding but it's EX DIVI

[folderboy] 29/9/2022 08:38

A less welcome price move?!

[solarno lopez] 27/9/2022 15:27

price move ?

[stemis] 22/9/2022 08:29

I'm not trying to push HSD as an investment but what an awfully poor article; clearly the writer has spend next to no time on analysing the company.

That positive cash flow of £2.1m may sound decent, but the company’s revenue was £214.7m. That means its margins are pretty thin. A relatively small business surprise could thus have a big impact on free cash flow - except £163.3m of that is investment income on it's clients investments, which is a simple pass through the accounts (there's an equivalent entry in costs). The actual revenue on which it is exposed is £51.4m.

Last year, for example, it reported pre-tax profit (on an IFRS basis) of £4.7m. - actually that was the year before. Sloppily the writer has picked up the figure from the wrong column in the accounts.

But what concerns me is the company’s free cash flow. Before it paid dividends, it had net cash inflow of £2.1m. But dividends cost £6m, meaning the company saw cash go out of the door. - I don't know where this figure comes from. Again he's picked up the dividend figure from the wrong column (it was actually £6.1m in the year in question) but, even after paying that, cash increased by £15.5m. So, based on how he's doing his analysis, the comment is mince.

Things could change for the better. For example, if Hansard can cut the £19.1m of new business investment it spent last year, it could sustain dividends at the current level from free cash flow. - I don't even know where to start with that one....

[mister md] 22/9/2022 07:59

Worth a (re-) read incase (like me) tempted to buy for the yield



Used to have these in portfolio a long time ago, but will wait to see signs of progress first before re-investing. Not many director buys either.

[russman] 09/7/2022 07:46

lets say their current AUM is 1.2bn.
value at say 5% = 60m broad brush.

[russman] 08/7/2022 06:27

Sales dropping.
No option but to merge with another distribution channel and cut costs.
In the UK, STM is in a similar boat.
No idea about Asia / Japan.

[my retirement fund] 03/3/2022 15:15

not looking good

[johnjones4] 03/3/2022 13:44

Rather surprising to see no comments yet on a day when the latest results came out and the share price has been moving around through some quite extraordinary gyrations: down nearly 9% then up 6% then down again 5% and now up 4%. Personally I'm a hold but not a buy because I suspect we're not going to see this share recovering from the doldrums any time soon and because the latest slender profit does not inspire confidence that the dividend will not be cut in the near future. But what say you?

[red army] 15/2/2022 12:30

For me a close above 53p would be positive for continuation.