Hardy Amies Share Discussion Threads

[boscolane] 07/11/2007 11:11

repeat posting removed.

[boscolane] 07/11/2007 11:10

Nice post seizetheday. I smiled that the article misspelt Hardy Amies name but the message was clear. Arev are very serious players and this whole HRD venture has got no chance of failing and every chance of being very big indeed.
By the way, I have spoken to the Edinburgh shop which opened mid October.
To quote the manager. The response and sales have been OVERWHELMING !!!

[seizetheday] 07/11/2007 09:38

I did a bit of research and now I understand better what's happening and the remarkable potential of HRD considering who is backing them.
For some these are old news but a reminder won't hurt.

Arev is the key word. They own 49% of the company.
They are an incredibly successful investment company who own top brands in the designer clothing industry (just read the article below).
John Heath (non exec for HRD) is the key figure here apparently. By the way, only less than 50% of the issued shares are available to the private investor and this is why the price can move so rapidly on limited volume.

Arev has really impressed me and their strong link with HRD seems a great indicator of the potential of our company.
Also, the directors seem also quite committed with their money, also a very good sign.

FROM HRD WEBSITE - INVESTOR RELATIONS
Shareholder Information
Hardy Amies plc securities are traded on the AIM Market, LSE.
The total number of AIM Securities in issue is 207,991,085.
The percentage of AIM Securities currently not in public hands (as defined in the AIM Rules for Companies) is 51.11%.
Significant Shareholders
The following shareholders are directors of the company and any other shareholder of 3% or more of any class of security (except treasury shares)
Arev, 49.31% shareholding
Pershing Keen Nominees Limited GWCLT Acct, 4.30% shareholding
Pershing Keen Nominees Limited Perney Acct, 3.79% shareholding
Peter John Philips, 0.84% shareholding
John Heath, 0.48% shareholding
Nigel Brunning, 0.48% shareholding


Non-Executive Director
Name: JOHN HEATH
Age: 49
Date Appointed: 25 June 2007
John Heath, aged 49, joins the board as non-executive director to provide retail support and expertise. He is currently Chief Executive of the Scottish based Cruise fashion chain. Formerly he was Managing Director of the fashion retailer USC and prior to this was the National Sales Manager at Next.
John Heath has interest in the following companies/partnerships:
CURRENT DIRECTORSHIPS
Mantic Retail Limited, Cruise (Holdings) Limited, Cruise (Glasgow) Limited, Lanepost Limited, Jim Cruise Limited, Ingram Retail Limited.


AREV, the investment firm set up by Jón Scheving Thorsteinsson, the former Baugur UK chief executive, has bought Cruise, a Glasgow-based designer fashion chain for an estimated £7 million.
All the proceeds of the deal, which is being led by JOHN HEATH, the former chief executive of USC, the fashion chain, with debt provided by Bank of Scotland, will go to owner Jim Gibson who founded Cruise 20 years ago.
The chain, which sells brands including Prada, Hugo Boss, Chloe, Jimmy Choo and Gucci, has nine stores. It achieved operating profit of £800,000 in the year ended February 28, 2006 on sales of £17 million.
Mr Heath intends to open ten more stores over the next few years, expanding the chain outside its northern heartland. Mr Gibson will remain with the business in the short term on a consultancy basis.
Arev has bought Cruise through Kcaj, a £60 million private equity investment business set up this year. Kcaj already owns 50 per cent of HARDY AMIES, the AIM-listed designer brand, as well as stakes in Duchamp, the luxury men's accessories brand, and Linen & Things, a US retailer.
Arev also owns 50 per cent of Jones Bootmaker, the footwear chain.
The investment firm shot to prominence when it joined with Kevin Stanford, the retail entrepreneur, to buy a 70 per cent stake in Ghost, the designer label set up by Tanya Sarne.

[chancer6] 07/11/2007 09:30

2.50-3.00 pence, L2 is 1 v 1.

[boraki] 07/11/2007 09:26

Has this been "tipped" somewhere?

[seizetheday] 07/11/2007 08:59

Added some as well. I had to sell at a very heavy loss afew days ago (i was one of those who bought at 4plus) but I managed to buy at 2.65 (about 141k shares)just few minutes ago.

after the recent news I can see this share going only in one direction, north.


with Xmas coming and the new exposure in the wealthy Edinborough (and the Japanese deals) we could very well at this excellent price

[chancer6] 07/11/2007 08:57

2.25-3.00pence, L2 is 2 v 2.

[chancer6] 07/11/2007 08:55

Fair few buys just come through. L2 has improved to 1 v 1.

[boraki] 07/11/2007 08:55

Buys starting to come in

[chancer6] 07/11/2007 08:47

Picked up 50K this morning at 2.60p.

[pictureframe] 07/11/2007 08:10

Maybe its found the bottom?

[801710245] 06/11/2007 18:01

Plus someone bought 100K - not a lot but enough to move the bid price up to close the spread.

[boscolane] 06/11/2007 16:57

It simply couldnt go all the way back down after the update. I expect further rises.

[pictureframe] 06/11/2007 16:30

what happened here before close, spiked 11%

[ladybird1] 03/11/2007 11:30

Let's not get carried away yet, pf. The point made by Mr.Manders was that the 'historical' trading activities (licensing, sales from the House)are now running profitably - income from the Japanese licence, cost control, elimination of peculation. He went on that the loan money can now be applied to the new development areas, specifically selling the new branded range in the new outlets & presumably also some cost in the new Chinese joint venture.

There is no guarantee that these ventures will be succesful and there is of course the interest on the loan to be found. It would be surprising if these ventures made a profit in their early stages and their start up losses must very likely lead to a loss through 2008 or so.

If these go well and move to profit - Whameee!, we're away. If they fail, the profits from the historical business will likely be insufficient to repay the loan interest & certainly not the principal.

Better managed, Tim's more cautious strategy, without the peculation, would likely have had HRD in profit now, but in a small boutiquey way. Arev have made no secret their rationale for entry was the far greater potential they see in the brand. Far greater potential returns, but as ever greater risk.

Looking good, but still a long way to go.

[pictureframe] 03/11/2007 08:49

Wow VERY suprised that its re traced back here again, as bosolane pointed out its should now be a profitable company...if I fall much lower I will be in for another 500,000 but that will be my last purchase in this co ;0)

[bungler] 02/11/2007 18:52

Squeeze on the short-termers?

[boscolane] 02/11/2007 18:05

investing in aim stocks can be quite a rollercoaster. This company is now trading in the black and the share price will reflect that in time. The markets are very fragile at the moment so expect more volatility im afraid.
HRD has the potential to be huge.

[ladybird1] 02/11/2007 17:36

Well, b.all volume made it shoot up & b.all volume brings it back down again.

Still, it's shown its potential & we all had an adrenalin boost, so it was fun while it lasted. If they have a good update sometime, we may even get a repeat.

[seizetheday] 02/11/2007 15:17

sold at a bloody 42% loss and went into FTO at 7.99p
broken even already

i still believe in the recovery of this share and i will come back soon at 1.5p

[pictureframe] 01/11/2007 15:37

Dont think this will fall much further from here. Off topic, stick FCO on you monitor results out tomorrow and I think it could be a decent buy.

[bungler] 30/10/2007 17:42

Yes ladybird I still have the medication - but hoping not to need it again. It was prescribed because some said I was delusional when I bought 100,000 at what I seem to remember was 0.9p while ranting and raving that this was a multi-bagger in the making. Only wish I'd bought more now!

[seizetheday] 30/10/2007 16:17

to my naive eye this looks a real 10 bagger

[boscolane] 30/10/2007 15:58

Ive just re read the comment to the FT from the chairman andrew Manders.

He said: "The financing we put in can now be used to fund ongoing business rather than ongoing trading losses. It means we can step up the business."

This is highly significant. It is the chairman admitting that the company is now, at the very least, breaking even. The Japanese deal did suggest they were now in the black but you never really know until a member of the board says so.
The statement shows they will probably soon be trading profitably although the end of year numbers might show a deficit from further investment using the loan from arev.
The current lowly market cap cannot remain there for too long.