Hartest Hldgs. Share Discussion Threads

[arthur_lame_stocks] 13/10/2009 18:34

For you snowman and anybody else that's offended i'll try to moderate my language, but as to the main point that Perloff ripped off the rest of the EKT shareholders by making them buy Howlers and then selling Panther the properties for a song, i'll stand by that because it's absolutely true.

[spec7] 13/10/2009 17:51

Better still Arthur, if thats the best you can come up with then why not just shut up ? then we will all be happy.

[snowman10] 13/10/2009 16:36

Arthur

I am trying to educate my 14 year old daughter in the stock markets and B/B form part of that research.
Please do me a favour and use other more polite words. As a man of the church whilst i know its used on a daily basis i would rather avoid reading it on these sites.

thanks
Snowman

[arthur_lame_stocks] 11/10/2009 22:28

The problem for EKT is that it's a heavily loss making company which is running out of cash. Any reasonable offer they get for their HTH shares has to be worth taking. They bought Howler Holdings a couple of years back and its lost money for them ever since. Andrew Perloff got Howler's properties for a song though and he's certainly made the rest of EKT's shareholders look like thick ladies front bottoms.

[spec7] 11/10/2009 13:43

SISS
Yup, without a doubt....

[whiters] 11/10/2009 13:22

It probably is the same lunatic.
However I'm sure that on this board we are all old enough, ugly enough (mentally) and sensible enough to make up our own minds. We have all been here before!

[s i s s] 11/10/2009 12:50

spec7, is this the same lunatic who was advising people to sell at 25p when EKT put out their t/o statement ?

[snowman10] 11/10/2009 11:50

FFS what is going on!
I shall continue to sell 1/2 my stake which leaves me about 20% up and all my profit remains in the shares.

snow

[spec7] 11/10/2009 11:36

Fusebox....
I waisted 15 minutes replying to your stupid post yesterday as did others !

grow up you f ing idiot!

[spec7] 11/10/2009 10:05

Good grief !! L.S.Lowry just morphed into fusebox !!

[ls lowry] 11/10/2009 09:16

Thanks for all your comments.

If it helps Witers this is what I make of the situation;-

My Gran has held these a long time, she being a thrifty woman holds quite a few. Under normal situations she would not be able to get rid easily. Time is not on her hands, poor dear!

Regardless of that the company has not had a good growth history. Turnover has been flat for years. I can see the attraction to EKT at the right price but they have withdrawn their offer. Delta seem to think the co will be better run privately. Hartest listed on its own does not appeal to me. Costs will surely be running up now dealing with these issues. TS on iii mentions costs with contention at LPA and I have cheched LPA's RNS the last few years and they indicated quite a sum spent dealing with attempting to sell the company. Could that affect Hartest intention to pay the forecast divi? Yes it could. What is Hartest worth. Elektron say about 26p, Spec thinks 35p. Both are less than 50p. The 50p has been rejected I am assuming as EKT and Peter whats his name are blocking the deal. No one seems to know what EKT and P are at. Its all confusing.

This is a mess . If Delta deal fails the share price will fall back again who knows the level. I cant trust Hartest spin on profits the economy still is not good. They will have to deal with litigation costs as well now. All will hit profits. The price seems too fair now in the market to be ignored. I have looked at the balance sheet of Delta and shocked to see little in the way of funds. There might be more money available elsewhere but again there might not be and if coming from the banks in this climate the banks do not have an unlimited supply of money so my feeling is the 50p wont be topped. If its is it would only be a penny or 2.

In view of the above my Grannys shares are to be sold and will be advising her accordingly. Witers I suggest you do the same. If you hang on the deal could fail and who knows where the share price will fall to.

[whiters] 10/10/2009 19:09

Sorry what am I talking about 31% free many apologies. Managed to halve the percentage. A prat I am.

[whiters] 10/10/2009 19:00

Baner yes agree with you in the main however EKT initial purchase 53p from a VCT as the original RNS they might well have paid more for the rest. PG paid between 55p and 60+p , he did not get any in the .5p placing but bought afterwards when the price rose, but he has held them for 3 years add interest deduct dividends you get to about 73p. I have no idea what there intentions are and whatever we blog it will be those two who make the call.I agree with Spec7 on resumption of dividends about 35p sounds about right. However with only about 15% of the shares free it is impossible for a bidder to accumulate a stake without buying out PG or EKT. That is what I was in reality trying to say.
I have absolutely no idea what PG and EKT are about, especially PG just look at his investment record, some he gets right some spectacularly wrong. Hartest on the other hand is a fairly strong company now, so no need to sell. EKT could well still have designes on HTH and you could argue a reasonable fit but are they willing to pay the price. Same aplies to Delta. Personally I think 65p at this time would be enough, but its not up to us, and who am I to speculate on PG thinking.
Perhaps someone will be kind enough to advise me whether to sell or stick!

[ls lowry] 10/10/2009 18:47

Spec thanks for your comments. At the end of the day I know its up to me but I still need to know what others think. My Gran wont want to take any risks. The worry is if the deal falls through then I think the share price will fall back. Granny not too good these days. So will weigh up all options.

[s i s s] 10/10/2009 18:29

Spot on Spec7.

[baner] 10/10/2009 17:02

WHITERS - your assumed holding costs:

Elektron bought their shares at 62p or more last year. not 53p as you suggest.

Gillenhammer more likely to be in at around 60p, however for much longer than Elektron.

EKT´s financials are OK and no need at all to sell.

Gillenhammar known to be financially very strong so also no need at all to sell.

Hartest itself is financially strong and cash generative - so no need to sell out. long term value (also PV) should be way, way in excess of the 50p "on the table" - whether as "going concern" or a break up case.

it seems DELTA will have to come up with a significantly better offer if they should have any chance to convince the HH board and shareholders in the merits of their approach!

[s i s s] 10/10/2009 16:15

Try doing some research Lowry

[ls lowry] 10/10/2009 15:59

Still confused?

Witers has Electron as a c !!!

Witers you been a long time holder or had any previous connections with HTH? My granny has a few locked away and I am in a dilema what to do. I dont want to hang on then find the share slip again. What are your tactics here?

[whiters] 10/10/2009 14:07

To put things in perspective. Again
Total Shares in Issue 8,605,288
Holding Cost
Electron Plc. 1,992,272 23.15% £0.5300
Peter Gyllenhammar 2,547,309 29.60% £0.7250
Old Directors 642,607 7.47% £0.6042
Others Associated 268,485 3.12% Aprox
Current Directors 80,516 0.94% Aprox
Chelverton Growth Trust Plc 344,212 4.00%
Total 68.28%
Total Others 15.52%
EKT & PG 52.75%

[whiters] 10/10/2009 12:58

Sorry quite right a K

[spec7] 10/10/2009 10:31

Just a small point if you look for Elektron it has a K