Hardy Amies Share Discussion Threads

[pictureframe] 20/6/2007 08:44

good luck with them...this must be the bottom but who knows with this share ;0)

[bungler] 20/6/2007 08:41

Couldn't resist it - 100,000 at 1.1.

[psolomons] 19/6/2007 18:11

Too kind Ladybird !! I seriously think HRD will make significant progress this coming year. Private equity firms buy in, turn around and sell on. I suspect this is being done here. Big hold and possible add in my view. Here's my next prediction. HRD will be sold at 21p per share within 14 months.

[roverisback] 19/6/2007 16:52

now you know why guy thomas bought in...fill ya boots!

[ladybird1] 19/6/2007 16:45

psolomons. Your post reminds me I forgot to say in my earlier post that you were right in your predictions. I do so now. Well done.

[psolomons] 19/6/2007 16:40

Just got in to see the news which is very good indeed. I said the directors would lose their reputations if they shafted the shareholders, well they didn't and the company can now move ahead. The numbers this month will be bad but next year will be very interesting. It will start making a profit then be sold for a large profit. Im holding. Cant quite believe this has stayed at 1p. im in for a few more come the morning.

[marshalltronics] 19/6/2007 16:29

I expect the mm's will put the price up soon so as to get on the top of the percentage gainers board. This will create interest, and then up we go

Good luck to all who hold

[marshalltronics] 19/6/2007 16:16

I think we will see it moving up now.

Well done to everyone

[pictureframe] 19/6/2007 15:15

thought we would see a significant rebound on this news is priced as a basket case!

[bungler] 19/6/2007 15:11

Well, well well - so we're alive and kicking ! Very happy with this (although might as well borrow on a credit card at that interest rate!). I agree it's now a long term wait-and-see but now feel more confident that it will come good down the line. Roll on the results next week then.....

[pictureframe] 19/6/2007 15:09

Well im happy with that NO share dilution...16% interest is on the high side but it should see the company through to profit imho. Results out be 29th lastest not long to wait. Feel relaxed about holding this now

[roverisback] 19/6/2007 14:22

lets have a rock hard rise...

[ladybird1] 19/6/2007 14:13

First reaction on reading this over post lunch coffee.

Actually, a great sigh of relief, I think. I've posted enough on the board that I thought the company effectively a goner. Yes, it's a rack rate of interest, but

- there is no way a commercial lender would come in
- if it goes pear-shaped, they won't get anything back, as the assets are considerably less than the loan now and would be so by the time they put out the lights, after cash burn.
- the alternative was plainly 'the end' for current shareholders' interests, one way or another.

So cheap at the price for us.

On a more positive note, they must believe it's worth 'throwing good money after bad', or they wouldn't have - effectively - well over doubled their stake. B... well done them, I think.

I take the points made by Simonatwork. I hadn't realised they still hadn't filed but the website non-progress was a worry. I should guess there has been a knife-edge situation this year, things have been on hold and pretty down, and now they've finally decided to give it a go. May well have been a finely balanced decision & I imagine the results and update on first half year will not make pretty reading.

Doesn't matter, the management will be released to go for it now. With the Gods!

As to share price, might be a few optimists in the short term but it's really put 'em away and come back in a year's time.

As I said, I return to hedge trimmimg much relieved - even if it's only a (longish) postponement of execution!

[montyhedge] 19/6/2007 13:38

Interest rate at around 16% having a laugh, someone getting stitched up, excuse the pun.

[simonatwork] 19/6/2007 13:35

waiting to see if people think this is a "buy" now they have secured some cash.

I am still not impressed with the website or the fact that the company annual return is still overdue since January.

Results by the end of the month should be interesting

Haven't written these off yet.

good luck to all holders

Simon

[ladybird1] 14/6/2007 12:56

This is all getting a bit ragged - light-hearted & fun yesterday.

Suggest we leave it there & await developments 'with interest'

Good luck

[psolomons] 14/6/2007 12:27

pictureframe, its a tough world out there, no free lunches and making money is never easy.(apart from maybe owning a house in the last 10 years !) The city simply needs some evidence that the new directors can turn the business around. What evidence is there that they are doing that ? very little at the moment and these latest figures will likely confirm not much progress. The share price simply reflects an apparent poor performance at the moment. My hope is that their good name and designs and business expertise will bear fruit next year. I strongly believe they will but they need to get past this crunch point first.

[psolomons] 14/6/2007 12:20

I hear what you say ladybird but the shares should have been suspended some time ago if your suggestions are right. You simply can't go on selling shares on the open market if you know that you are about to make them virtually worthless as part of some restructuring. We all know there are many ways of raising money, issuing more shares is not an option here so lets hope its some sort of creative loan which protects existing shareholder value. Allbeit 1p !

[pictureframe] 14/6/2007 12:13

Why has the share price collapsed...to me its obvious they have hardly been forthcoming with updates/tie ups or further stratagies that may create investors interest.

[ladybird1] 14/6/2007 12:08

psolomons, very fairly put. I don't believe Mr.B. has likely acted in any way improperly. As you note, the directors advised last year that having reviewed & fundamentally changed strategy, they would this year require further funding. You will recall the last AGM passed a motion to empower the issue of shares to a value of £1million nominal. A reasonable expectation at that time was that this could raise say 2-3 million pounds in a straightforward rights issue.
Sadly, the share price has collapsed. The business will still need the financing. What then do responsible directors do?

[psolomons] 14/6/2007 11:54

pictureframe, I dont think there is necessarily anything sinister in adding finance to the company in installments. As soon as they took over they said publically they would have to raise more money at some stage. What does concern me is if ladybird is right and current shareholders see their investment reduced dramaticaly. That would reveal a cynical and near criminal act by the new directors. They would have known this was their plan from the start which must be extremely questionable practice. As I said before Nigel Brunning wrote a letter ( published on this thread) that now is a good time to invest in the company. The FSA simply wouldnt belive that things have unexpectedly gone wrong in a couple of months leading from buy advice to "sorry everyone its all gone wrong and you have lost most of your money". I repeat no-one in the city would trust these people in business again. Banks and institutions would balk at the idea of lending money or doing any kind of business with people who operate like that. We shall see !

[ladybird1] 14/6/2007 11:13

bungler - well done! Joshing apart, I'm sure you're right to wait & see.
My guess is that the financial reconstruction we're presumably waiting on will leave some interest to the current shareholders (I don't for one moment imagine it's an administration job) but with the usual severe dilution. They may well then have about current value, more likely less.

All good fun!

[bungler] 14/6/2007 11:06

ladbird1 I was sorely tempted and in fact despite my talk of waiting and seeing, got caught up in all the excitement and did try to buy some more yesterday at 0.9 but they weren't interested. Quite relieved in fact and am now sitting on my hands again.

[pictureframe] 14/6/2007 09:47

At the end of the day no one gets to the top in business being ethical, I do appreciate what you are saying regarding reputation and I hope in this instance you are right.

I smell a rat though as when they initially came on board they pumped 2.8 million into HRD, surely when they carried out due dil it would have become apparent that 2.8 million would not be enough to see the company through to profitability.

Any thoughts on why they didnt inject enough money to start with?