Hartstone Share Discussion Threads

[alexicacon] 09/10/2003 08:22

Does he have much success?

[maut two] 09/10/2003 08:07

dreamer is a penny share pusher and will have bought in order to pump and dump


BEWARE

[alexicacon] 09/10/2003 00:37

Debt yes, but Assets 12 million, Debt now 12.5 million, 90 days 10.5 million, 180 days 8.6 million. It might take six months but imho we can't lose.

[double6] 08/10/2003 20:37

Assets £12 million - Market Cap just over £1 million - What's the catch ????

[day_dreamer] 08/10/2003 20:31

Have a look at this bombed out designer shoe seller.
In all sorts of trouble but has a little breathing space
after signing a deal with another retail outfit.
What gets me is the turnover, despite it falling it's still
going to be well over 60 million, could increase again
because of the deal.
They state they need a upturn in the US luxury spending
market for things to improve but this is the gamble, with
a mar-cap of just 1.38 mil if things were to improve over
time the shares would increase rapidly not just double or so.
However this one is risky as they come, things might not
improve and the shares become worthless but the risk reward
scenario says have a small dabble like i have and if it comes
off you will make a lot or as i quote lose the lot.....thoughts
Price 0.8-0.9p

Gravy

[dizzey rascal] 07/10/2003 23:20

ooooooooohhhh !!!

Even dreamer is in !

Perhaps he can make the money lost on TAD back ? Sold at 4p !!! Bought TAD at 5p ! OXB bought at 1 pound plus and 45p and 5.9p small loss recovered .

Truce called here d-d ?
This is a multi-bagger holding over a million now !
HST is the future !
70 MILLION TURNOVER !!!

Imagine the eps if this outfit can turn itself around !!

[alexicacon] 07/10/2003 22:55

HST FACTS: Take a look
All data provided by ADVFN.

Quick assets 10.15m
net working capital 11.74m
Market cap 1.38m

Cash flow ps 2.46p
Turnover ps 46.20p
Prev close 0.85p

Net tangible asset value ps 1.83p

Cash ps 0.71p
Cash per share ratio, is defined as cash & equivalents divided by the number of ordinary shares in issue, expressed in pence (currency being GBP). The formula is as follows:

= (cash & equivalents / shares in issue) * 100

Note: In a healthy industrial company, a Cash per share ratio that is close to the share price might suggest that investors are currently underestimating the worth of the company's ongoing business, thereby creating an interesting investment opportunity.

[day_dreamer] 07/10/2003 17:22

At least there was a few buys today.

I think with a very good broker you just might be able
to buy at mid price seeing as there might be a overhang
in the market, got to assume that JO Hambro are now selling
up completely, only USWarburg on the .9p offer and they've sold
800k in 2 days, i know it's not a lot of money but they have not
moved so they must have the seller imho.

Again HST is very high risk play.

Gravy

[day_dreamer] 06/10/2003 23:30

If you could buy 30 million Farsight it would be even better :-))

Seriously though they have easily shifted 10 million in just over
a week so 30 million may not be a big a number as some might think.
Suppose it's in the mm's hands, they can easily clear any overhang
when they work together to get people buying.

Gravy

[farsight] 06/10/2003 23:00

Reminds me too much of LGD. But I'll stick it on me monitor.

[alexicacon] 06/10/2003 22:48

Greatest risk = greatest reward. HST won't go bust as long as they are paying the interest on any debt and with a guaranteed annual income from the Bennett deal that will take prority. If the MM's know that Hambro want to shed their holding then they'll keep the price low. It could go down to 0.5 but it can't go to 0.0, If you've got plenty of spare cash and can sit on these for a few months then i agree with day_deamer "there's a chance of a multi-bagger". I bought @ 1p and will hold until i've at least doubled up, however long that takes. If Hambro do continue to sell and the price does drop, then i'll top up on the day they sell their last share.

[day_dreamer] 06/10/2003 21:35

Blimey looks like i was the only buyer today :-))

One of those risk reward scenario's....surely with
all that turnover there's a chance of a multi-bagger
if they could pull off a recovery but this wont be
easy with their debt etc etc.

As for institutions selling out a rock bottom prices, this
happens all the time and it's a tip to get in most of the
time for when their overhang is cleared then you know what
happens to the share price.

A very high risk punt make no mistakes.

Gravy

[nod] 06/10/2003 19:50

Hambro have held this stake for many years. It seems odd that they should sell some or all now.
Perhaps they don't like the Bennett deal? Perhaps they were not consultant about it? Perhaps they were consulted but advised against? Perhaps they suspect HST will fail anyway, rather than recover?
hmmm...

[tony14] 06/10/2003 13:08

Well Hambro responsible for the 5mil sell on Friday but what about the other trade that went through 4.649mil. Could be a long haul if Hambro are looking to off-load completely:



RNS Number:5623Q
J O Hambro Capital Management Ld
06 October 2003

FORM SAR 5


Lodge with a RIS or Newstrack if appropriate and the Takeover Panel.
A copy must also be sent to the company the shares of which are being sold.


Date of disclosure

6 October 2003


DISCLOSURE UNDER NOTE 3 OF RULE 5 OF THE RULES GOVERNING SUBSTANTIAL
ACQUISITIONS OF SHARES ("SARs")


Date of sale

3 October 2003


Sale of (name of company)

Hartstone Group Plc


1. Class of voting shares (eg ordinary shares)

Ordinary shares


Number of shares/rights over shares sold

5,000,000 in total Shares Rights

If rights over shares sold, as opposed to the shares themselves, specify nature
of rights

N/a

2. Resultant total holding of voting shares (and % of total voting shares in
issue)

30, 810,000 shares 17.75 %



Resultant total holding of rights over shares (and % of total voting shares in
issue)

N/a %

Total percentage

17.75%

3. Party making disclosure

J O Hambro Capital Management Limited

4. (a) Name of person selling shares or rights over shares

As above

and, if different, beneficial owner


(b) Names of any other persons acting by agreement or understanding

North Atlantic Smaller Companies Investment Trust PLC, Oryx International
Growth Fund Limited


Signed, for and on behalf of the party named in (3) above


(Also print name of signatory)

Rachel Butlin, Company Secretary


Telephone and extension number

020 7747 5680


For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs. If in doubt, contact the Panel on Takeovers and Mergers, Monitoring
Section, Tel. No: 020 7638 0129. E-mail: [e-mail]


This information is provided by RNS
The company news service from the London Stock Exchange
END
SADFSEFEMSDSEES

[day_dreamer] 06/10/2003 11:33

I must be mad because i have bought a slap stock :-))

Anyway i've just picked up a small 300k at .88p to tuck
away for a few months.

Gravy

[dizzey rascal] 05/10/2003 21:26

HST worth at least 3-4p . Dont sell at these crazy lows . Buy some more if you can afford it .

Dr

[alexicacon] 05/10/2003 20:55

Sounds good to me nod. You seem to have done your research. Banks only pull the plug as a last resort. As long as they're getting something they're happy. So with a guaranteed income until at least 2010 and the 7.9 million used to reduce bank borrowing the banks should be more than happy. With that in mind the down side is now almost NIL. IMHO the only way from here is up.

[nod] 04/10/2003 12:52

Debt is about 18m but with the downturn in the US they have been defaulting on bank interest payments. They also defaulted on 8p per annum dividend payments to preference shareholders (2x4p). The bank could have pulled the plug and recovered some of the debt by selling assets - so the risk has been exceptionally high and the share price low.
Share price still reflects a high risk of going into liquidation. If the negotiation is completed and trading conditions improve then the share price should recover. I'm fairly positive on bank terms as the bank could have pulled out long ago.
With this Bennett deal they should be in a position to negotiate with the bank, resume dividend to pref shareholders (HSTA) and live happily ever after.

I hold both HST and HSTA - betting on a resumption of pref divis plus convertables are redeemable for 1 pound on 31-July-2005 - 22 months away - currently priced at around 44p to buy.
Of course, if they go bust I can wave goodbye to my wager.

[alexicacon] 02/10/2003 21:56

They have got some debt yes, but won't it soon be halved?

" EA has sold approximately $7.9 million of its wholesale footwear
inventory and fixtures at net book value less 5% to BFG to be paid for in three
instalments, 50% payable at closing, 25% in 90 days and 25% in 180 days. These
payments will be used to reduce EA bank borrowing which, at close of business on Friday 19 September 2003, stood at $16.5 million."

[currypata kai] 02/10/2003 14:50

They have got a lot of debt tho....But yes I agree they are very cheap

[alexicacon] 02/10/2003 09:07

I would greatly appreciate it if someone could explain to me why a company, i.e. Hartstone, is only valued at 1.54 million when they have just done a deal, which gives them a minimum royalty of 2.5 million dollars a year over the next 7 years, plus Hartstone will receive 8 million dollars cash from the sale of footware inventory. Also they will receive 2.5 million dollars a year for use of warehousing and distribution. If they were valued at 1.54 million before this deal, why aren't they worth more now????????????????????

[tony14] 01/10/2003 11:36

Well, as i suspected we have a seller in our midst:


RNS Number:4030Q
J O Hambro Capital Management Ld
01 October 2003

FORM SAR 5



Lodge with a RIS or Newstrack if appropriate and the Takeover Panel.

A copy must also be sent to the company the shares of which are being sold.



Date of disclosure


1 October 2003



DISCLOSURE UNDER NOTE 3 OF RULE 5 OF THE RULES GOVERNING SUBSTANTIAL
ACQUISITIONS OF SHARES ("SARs")



Date of sale


26 September 2003 - 2,500,000 shares sold

30 September 2003 - 1,750,000 shares sold



Sale of (name of company)


Hartstone Group Plc



1. Class of voting shares (eg ordinary shares)


Ordinary shares



Number of shares/rights over shares sold


4,250,000 in total Shares Rights



If rights over shares sold, as opposed to the shares themselves, specify nature
of rights


N/a



2. Resultant total holding of voting shares (and % of total voting shares in
issue)


36,060,000 shares 20.78%



Resultant total holding of rights over shares (and % of total voting shares in
issue)


N/a %



Total percentage


20.78%



3. Party making disclosure



J O Hambro Capital Management Limited


4. (a) Name of person selling shares or rights over shares


As above



and, if different, beneficial owner






(b) Names of any other persons acting by agreement or understanding


North Atlantic Smaller Companies Investment Trust PLC, Oryx International Growth Fund Limited



Signed, for and on behalf of the party named in (3) above






(Also print name of signatory)


Bonita Dryden



Telephone and extension number


020 7747 5681



For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs. If in doubt, contact the Panel on Takeovers and Mergers, Monitoring
Section, Tel. No: 020 7638 0129. E-mail: [e-mail]


This information is provided by RNS
The company news service from the London Stock Exchange
END

SADILFFLIVLLIIV

[tony14] 01/10/2003 00:25

Volumes starting to pick up again, with some large transactions going through. Still 2 on the offer so maybe still an overhang to clear.

Regards

[nod] 30/9/2003 21:17

If they announce new banking arrangements and payment of preference dividends then the future will look brighter. The past 2 years have been dark days for HST.