Hardy Amies Share Discussion Threads

[pictureframe] 11/1/2007 16:04

Just realised the figures are retail sales ONLY, doesnt take into account licences which is normally the main bulk.

[psolomons] 11/1/2007 14:25

I think people still need to simply look at the broad fundamentals and wait. Its a great name, they have great designs, a great address and solid backing.

Progress is being made in sales and almost certainly savings in costs.

Its hugely undervalued on potential in my view. I agree that we need to see a move into profitability then it really will take off.

Don't think we can read too much into maltins sale. I guess his face no longer fits and he is simply getting out.

[ladybird1] 11/1/2007 13:38

I can't go with you there.

- there is no collateral in the company for a bank loan. Third party finance would only come in for a (disproportionate) share in future profits.
- a rights issue would only dilute a stake to the extent it not taken up
- any price over 3p would give a profit on the exercise of the rights, and if there is the enough strength there for a rights issue at around 3p (not worth it below that, see previous posts)someoney would buy them on near the market price, which would, as you suggest, have in practice to be approaching 5p.

Given Maltin's wiilingness to sell, an inexpensive stake in the hope of material returns. We don't know, of course, what odds the buyer, who should have a reasonable grasp of the business, thinks he betting at. 2-1 against?

At any rate, we can infer it's not immediately a dead duck!

[pictureframe] 11/1/2007 12:35

I cant see there being any share dilution now, further funding will be either another cash injection or bank loan.

Doesnt make sense for these directors to have taken stakes in the company if they know they will be diluted.

Nice rise but still needs to see 5p imho

[ladybird1] 11/1/2007 12:20

Looks like somebody just bought a few more. Nice to see the big 'gains', tho' it doesn't really mean all that at this stage/with the volumes.

I was musing why Tim gave up his shares & potential 10% stake in the company for basically nothing? He is obviously thoroughly out of line with the new owners,tho' retaining the consultancy link (as part of the deal while he gets a new job?). No compensation for loss of office declared.

All rather odd. Did he feel a few quid now is better than nothing in the longer term? A judgement call, as Manders & Co. are presumably still hoping & their mate's purchase no doubt in co-operation with their hopes.

[ladybird1] 11/1/2007 10:36

Just logged in. A very nice surprise! You're not talking to yourself, PS. I imagine there will now be the odd active buyer & a real (if volatile as small)market will form.

Nice to see 2p a share paid; the operative figure is the 2.89p payable for the options, which gives headroom. Not I think to 10p (it'll be taken out before then, 60% now being in 'the new owners'' hands and no boubt more after the rights issue).

What the hell! It's obviously not dead yet, tho' of course the wider picture is unknown.

[psolomons] 11/1/2007 10:07

I know i'm talking to myself again but 36% is much better. Having said that as the company moves toward profit, which looks inevitable after the trading update, the price will improve many fold IMHO>

[psolomons] 11/1/2007 09:32

I know the rise is 18% but in my view thats pretty small beer for this trading update. Also bearing in mind the huge falls recently I would have thought the share would be re rated as a result.
Sales have risen extremely well and I suspect spending has been cut back too. They will clearly save on Tim Maltins salary which all points the company firmly in the right direction.
I reckon this is a 10 bagger in the making, medium term supported by the full year numbers which will likely show a big improvement on last year.
The director buying is also a very healthy sign.
Last time i opened my big mouth it fell again, lets hope its the other way this time!

[pictureframe] 11/1/2007 09:21

encouraging that sales continue to rise and that a director has bought.

Profit?? Well that depends on them cutting costs which imho were way to high (saying that a lot were advertising).

Could be worth a punt at these prices , if there is no dilution (backers pumping more money in) then we should see a nice rise

[clusium] 11/1/2007 08:58

Director grabs 10.4%. Expecting sales for the year to rise 27.3%. So what about moving towards profit? Is this the start of something worthwhile?

[ladybird1] 10/1/2007 18:05

Point taken, but the mms' quotes are in practice telling us nothing - unless you're looking to sell. I see somebody took out at 1.5p what is probably most of the their stock subsequent to your post, but until there is some news it's basically a none market.

Some good news it'll firm, a poor update & it's probably a dead duck.

[psolomons] 10/1/2007 14:26

zzzzzzzzzzzZZZZZZZZZZZZZZ blimey its a new year.

I reckon great strides wil be made in controlling spending and limiting losses this year as well as positioning the business in the right direction for improved trading and PROFITS.

It could be a very interesting year !!

[pictureframe] 02/1/2007 10:57

agree, cant see the point of any share issue at this price, they must be confident of increasing the share price via positive updates. Lets hope 2007 is the year this makes inroads !

[ladybird1] 01/1/2007 09:17

As you say, Happy New Year and to start off on the right note let me strike - for once - a modestly positive note.

I was encouraged by the resolution for the AGM empowering the directors to raise £1 million nominal in additional capital. As I understand it, at the current share price, allowing for the usual discount,this wouldn't raise more than a million or so. Given that the new 'owners' have significantly raised the capital requirement with their new strategy (taking the UK franchise into their own hands rather than simply franchising out) they will need more than that even if the current business is beginning to pay its way.

A capital raising at the current share level would therefore be pointless. If it is to go ahead, there will need to be tangible signs of good progress to date, which would certainly shift sentiment & lift the price to a basis for a solid fundraising. That the directors are going ahead with this resolution seems cheering.

The new year update mentioned a bove will be interesting. Onwards & upwards or the knackers yard in short order, I suspect!

[psolomons] 31/12/2006 11:51

I Think I was begining to talk to myself bungler. Its HRD, it drives to mad you see !!! Ha HA.

Anyway good to see a couple of new names on the board.

I agree it does look rather dire at the moment but thats simply because nothing appears to be happening. People get bored or get scared out as the share price falls back.

I simply say again that HRD is a truly great name. The designs are superb, the fragrance is lovely and they have their base is in most famous clothing street in the world.
Add to that backers who know a bit about making money by turning companies around and next year could be very interesting.
They have already said they may have to raise more money but that shoudn't be a problem and the current share price could be one of the great bargains.

Happy new year again. Is that men in white coats i see coming towards me !!

[notanewmember] 29/12/2006 20:32

shame they couldnt get their online shop running for Christmas - i d been watching this one for a while.

The next Asos?

[bungler] 29/12/2006 19:11

You talking to yourself psolomons? Or just whistling in the dark to keep your courage up! Happy New Year anyway and let's hope the shareprice recovers as you hope.

[psolomons] 29/12/2006 10:41

Happy New year everyone. What a great year its been for HRD...NOT.

Lets hope for better in 2007. Lets face it it can't get alot worse.

Its always darkest before the dawn however !!

[psolomons] 15/12/2006 15:37

I hear what you say ladybird,your distress is easily understood. I simply think patience is needed here. I am keeping mine under the bed instead of the atic. I think they will be worth something medium term.

[ladybird1] 15/12/2006 09:32

I bought in (at the now distant price of 3p!)following precisely your reasoning. I hope it may still be valid. But :-

- This thread started 10 months ago. The first post lists the numerous initiatives offering a bright future, which followed on from the company's previous statement over a year ago saying much the same things. None seems to have materialised.

- When the price fell sharply to 3p in the summer, the company issued a 'know no reason' RNS. That was followed in due course by the rather dreadful set of results. The price collapsing to 1p, all is silence. Presumably there is nothing concrete to say.

Plainly, until there is some positive news there will basically be some forced sellers (executors sales, etc.)but no buyers other than at rock bottom price, for a minor gamble.

As people have said before, nothing to do but put 'em in the attic & wait & see.

[psolomons] 14/12/2006 17:27

The way I see it is this. The private investors are VERY serious about making their investment in HRD pay. They have already put up 3 million quid which they are not about to watch go up in smoke.
It seems pretty clear now that there were financial issues to sort out at the company and my guess is that that is being done, putting the company on a firm and stable financial footing for the future.
It maybe that more money has to be raised but one thing is clear the share price has been declining for no reason other than investor fear. Fear and greed, the 2 most powerful drivers of the market.
I have no doubt HRD is being turned around fast. The market cap is only just above the cash injection figure of 3 million which must make them a screaming buy.
Private investors don't throw money away, especially not this lot(DYOR).
HRD has potentially global appeal, my guess is that it is now being run in a prudent way and sometime in 2007 things will start to look seriously up.

[ladybird1] 13/12/2006 17:49

pictureframe, thanks.

[pictureframe] 13/12/2006 15:28

ladybird update early next year.

[ladybird1] 13/12/2006 13:10

Congratulations on your efforts, pictureframe Hope you're right

Would still like to see a comment from the company - however anodyne.