Hansteen Investors - HSTN

Hansteen Investors - HSTN

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Stock Name Stock Symbol Market Stock Type
Hansteen Holdings Plc HSTN London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 116.20 01:00:00
Open Price Low Price High Price Close Price Previous Close
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Top Investor Posts

poacher45: The directors were entitled to large share bonuses in 2019 depending on performance.I should imagine that this has all been calculated for in the deal. I do not think there will be a higher offer. I have bought RLE a Birmingham property company for 53p. Ex dividend on Jan 2nd for a 0.937 dividend. Dividends are paid quarterly and the forcast for next year is for 4p for the year. This will then be nearly 8% yield. Why the low price Invesco are forced sellers to pay off redemptions from there investors just like Woodford.
ugandalad: Yes as a long term investor and indeed fan of the joint two MD's I decided the offer seemed fully valued and better to take the cash and find an alternative home. Already a sizeable holder of EDIN and hoping change of manager will steady that ship. Looking for alternatives in the property sector as I too am retired and need income. RGL looks interesting to me but whether it will protect my capital the same as Hansteen has only time will tell.
srichardson8: Well goodness me, that really came out of the blue (for me, anyway)! A very strong, positive statement on new rentals and rentals achieved. Over the five years I have held this stock it has been a bit difficult to follow the real returns what with sales of the European portfolio, capital returns, tax credits and dividends. But a pretty simple calculation shows the real returns have been outstanding though the size of the holding has gone down as shares were tendered. It is a pretty small company now, only £422mn market cap, but interesting to see pretty canny investors (though usually rather s-t?) like GLG getting on board. I also am surprised as I reckoned that the business they are NOT in was the purchase and lease of really big distribution centres which is the area of the property sector most obviously benefitting from increased demand. Or so I believe.... Anyway management is very upbeat it sounds as if assets at balance sheet value remain well below realisable values rentals are up and dividend returns are running in excess of 5% What's not to like? Or am I in cloud Hansteen land? (I have added today)
jombaston: I'm running the rule over HSTN but what surprised me is that they have a lot of properties with a very low average value - only £2.5m. I'm not sure an institutional investor would be interested in such small lot sizes. Smaller investors might be potentially buyers I guess. Does anyone have a view on why the talks with WHR broke down? Was it simply the price? The small lot sizes may also explain why their operating and admin costs are high. On the plus side they are active investors and the smaller properties do generate a higher yield.
culver: Has anyone experience of Barclays "Smart Investor" in the Tender Offer? If election was made for all shares, was 100% accepted? I am in dispute (now with Financial Ombudsman) with them because they failed to act on my instruction to accept the offer for all my shares because my account was in the process of being transferred to another ISA manager (I like many others thought Smart Investor was significantly worse than previous platform and migration was a shambles). Anyone else have experience of Barclays handling (or not) Corporate Actions during the extended transfer period?
pj fozzie: Corporate action message received from Interactive Investor this morning. I've responded, tendering the full 1 for 2 offer + plus over subscribing (which I fully expect to see scaled back). Cheers, PJ
1pvh: Bought my first share at 13 it dropped like a stone!I'm a full time investor, through my investment Co. so regard myself as still working.Well done EL I wasn't trying to be clever x
1pvh: I've been in Hansteen for years, probably just after they came on the Aim market. Price now, whilst certainly not cheap, will still give a reasonable return over the next couple of years with the sell off of the European Assets and announced dividends and dividends going forward. The management were extremely successful prior to Hansteen with a company called Ashtenne.This is my biggest holding in the REIT sector which also include Mckays and Town Centre and British Land. All of which I think are still very good value at current levels. Others I hold are New River, Mucklows, Lock and Store ( not really a REIT )Essential Investor. My advice as a long term and experienced investor is find good companies and stick with them and reinvest dividends if poss. Then you'll do well.Jumping in and out seldom works long term.
essentialinvestor: Have mentioned HSTN on a few different places, only fair to make investors aware of the opportunity after all ). On second thoughts that may well have deterred some from buying!.
essentialinvestor: bt, NAV may be around 1.25 pence plus now. Divi looks very well covered atm, has never been cut. They occupy a nice sector niche, plenty of info on their investor relations site. HSTN does move around a bit, perhaps best looked at on a bad day/week, although the current price gives what looks a nice discount. I added Thursday as mentioned. If Greece blows up again the share price may possibly be impacted by negative sentiment short term, however they have no exposure to the country.
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