Hartest Hldgs. Share Discussion Threads

[snowman10] 24/2/2010 10:33

i THINK eps of 10p are on the cards so a divi of about 2.5p gives a 5% yield and a p/e of around 5.
Strip out exc and next year could see profits around 1.5 million so eps of 16/18p a share.
Thats whats under pinning the price i think.
Just banked my cheque for the sales at 67p !!
Snow

[warpedone] 24/2/2010 10:04

ansc - Jan Holmstrom is PG's rep on the board, appointed sometime in 2008. Think he's on the board of other PG investments too.

[ansc] 24/2/2010 08:28

Although I have never been a supporter of PG, I do not think for one minute that he is a man whom would 'cut off his nose to spite his face'. As far as I am aware, he no longer has a representative on the slimmed-down Board - his last man, Peter Ward, departed some time ago - but that does not mean he (a) as a very significant shareholder, isn't kept up-to-date as regards current trading and (b) hasn't got a pretty good idea as to the overall worth of the company; if he thinks it's worth more than 69p then I for one will not argue.

We'll all know come June. These mysterious company slaggers crawlng out of the woodwork every now and again simply make me laugh - 'sherard'! (lol)

[tara7] 23/2/2010 21:49

Tara is not of that view, profits are on the way up, costs have been cut, and so on .Try to look up not down. good luck in any event.

[envirovision] 23/2/2010 21:41

The current share price is false. Driven by a constant bull sh@t sherard since July 2009. In all this time it has not had a chance to trade in a "fair" "healthy" and "normal" market.

Now it looks like it will indeed return to its boring old self. Theres no reason why the share price wont drop back to 30p or lower and probably will.

[spec7] 23/2/2010 19:37

This RNS from the 1st feb clearly shows delta were still trying to get the cash from the bank and further more the board of HTH thought it was a good offer and were prepaired to wait. this presumably included PG's "man on the HTH board"...... this change of tune about PG not being prepared to accept 69p is a white wash i think. PG's man on the board was happy on the 1st Feb. I think they have blamed it on PG rather than accept the banks don't think this was worth 69p and the DD failed.........
Quote
Since 31 December 2009, discussions between Delta and Hartest have continued in good faith and significant progress has been made in the due diligence process required by Delta and its bankers. However, due to the necessary approval process by Delta's bank, this process has not yet been completed and, as the proposed Offer will be partially funded by a banking facility made available to Delta, it is not possible for Delta to make an offer by the existing deadline.

The board of Hartest continue to believe that a cash offer by Delta, should it be made, will be worthy of shareholder consideration and, having regard to the progress made and the limited additional work required, have agreed to Delta's request to extend the deadline by which Delta must make their offer to 5.00pm on 22 February 2010.

[spec7] 23/2/2010 19:05

i think this back fired a little on PG. I think he was holding out for more than 69p and Delta, despite being given extra time, could not raise the cash (or didnt want to in the end). Now i suspect he has somewhat spoiled the whole thing. I still think it will be EKT and PG together who eventually decide the fate of HTH. This i think will be a shame for HTH because it means more uncertainty for the foreseeable future. Left to its own devices, HTH (certainly the instrument Div) could do well but the threat of a takeover/breakup is something it dosnt really need.

[snowman10] 23/2/2010 18:04

As shareholders will be aware, the Group has been in an Offer Period since 1
July 2009 and, after 26 August 2009 when the initial potential offerors
withdrew their interest, the Group has only been in discussions with Delta
Controls Limited ("Delta"). On 8 October 2009, Delta announced that they were
considering an offer for the Company at a price of 50 pence per share payable
in cash, and on 27 November they announced that the price for their possible
offer had increased to an indicative level of 61 pence per share payable in
cash. At the time of writing there can be no certainty that an offer from
Delta will be forthcoming and in order to ensure that the Company is not
subject to unnecessary speculation and uncertainty, the directors of Hartest
have requested that the Takeover Panel set a deadline for Delta to either make
their offer or withdraw, and this has now been fixed at 1.00 pm on 31 December
2009. Discussions continue in good faith with Delta, and we look forward to
updating shareholders on the possible offer in the near future.

NOT HOW I READ IT NOW.
SNOW

[tara7] 22/2/2010 16:33

The 5k at 45p [4.30pm] is my buy from this morning, went in for a lot more.!! At this level a very good buy me thinks.

[cyberpost] 22/2/2010 14:26

ansc - One shouldn't have to decipher anything. If they thought it fit to tell shareholders today (why did they ?) then they should have thought it fit to tell shareholders before.

we'll have to agree to disagree.

[ansc] 22/2/2010 14:22

Nope, I have to disagree cyberpost. I'm not the brightest star in the sky but it's been clear to me all along that PG was never going to accept 69p; if he had been in agreement, it would have been mentioned in despatches (as in EKT) and it would then have been a 'done deal' - where have I seen that mentioned before? Anyway, he was still there to be persuaded but Delta failed in their attempts to do so.

[snowman10] 22/2/2010 13:06

Not even the BOD was in agreement!!!!!!!

[cyberpost] 22/2/2010 11:49

ansc.. HTH could have included it in one of the other RNSs they issued recently. They held back material information.

[whiters] 22/2/2010 11:38

Anything over 75p would bought it.(Now I dont know people get greedy.)
Thats what I have been saying now for a year or two.

[ansc] 22/2/2010 11:29

It was pretty obvious from the announcement made on 1st February that PG was not going to accept 69p so why should the Board waste money by issuing a RNS to that effect. After all, if Delta REALLY wanted to buy HTH they could have come back with a higher offer - around 75p and PG might have been interested - but they didn't.

My guess is that the forthcoming results will justify such an increased bid, Delta saw that but couldn't borrow the extra cash needed to go ahead. We'll know in four months time.

[pugg1ey] 22/2/2010 11:26

.
duplicate posts!

[pugg1ey] 22/2/2010 11:26

I'm not sure what the percentage of shareholding is needed to take an AIM company private. I made some money on ACG when it was bought on the cheap by a consortium of a main shareholder (28%ish) and other holders. I think the same thing might happen here. The eventual premium on ACG was 70% after the share price was allowed to drift. Don't think that drifting will happen here as a dividend is paid. Looks worth a gamble to me.

[cyberpost] 22/2/2010 10:36

I agree, HTH management knew all along PG was not happy so why didn't they tell the market ? They should've informed shareholders.

[snowman10] 22/2/2010 10:32

As you know i stopped selling at 67p so i am holding shares that cost me 56p.
That said i guess you should take the 11p profit off that ,that was banked.
Had a buy order refused at 42p for 50k, so i will remain on the sidelines.

I think that if the BOD were not in full support ie PG did not want the deal to go ahead,it should have been stated earlier.
The market knew thats why the price was so low. Its also why DELTA were not buying shares in the market.

Its ok having a stake in a small company like this but we can all be shafted at any stage.
Lets sayPG takes out EKT and takes it private? Then what?
snow

[tara7] 22/2/2010 09:21

OR the directors have seen sales far higher than the budget at the time, [8 months ago].

[cyberpost] 22/2/2010 09:19

If you read the RNS the management make a strong hint of the share being so illiquid. They saw the Delta bid as a good opportunity for shareholders to exit (especially those holding sizeable amounts).

[cyberpost] 22/2/2010 09:17

no mate I dont. I sold what I had when they were in offer talks.

However, I do believe HTH is a solid outfit. The only drawback is that the share is so very illiquid.

[pugg1ey] 22/2/2010 09:13

do you still hold any? I've thought about buying some

[cyberpost] 22/2/2010 09:09

profit banked.