Share Name Share Symbol Market Type Share ISIN Share Description
Harvey Nash Grp LSE:HVN London Ordinary Share GB0006573546 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.00p +0.77% 130.50p 130.00p 131.00p 130.00p 129.00p 129.00p 22,320 16:35:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 885.7 5.4 4.8 27.2 95.85

Harvey Nash Grp Share Discussion Threads

Showing 3976 to 4000 of 4000 messages
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DateSubjectAuthorDiscuss
26/9/2018
17:44
Does anyone on here subscribe to Investors Chronicle? There is a feature on HVN today I believe.
mongrels3
25/9/2018
08:11
H1 results. Yes, we are being robbed... :-(
edmundshaw
30/8/2018
14:21
Well, they already have created that value. I guess that's why the price is above the bid price - because it obviously is worth more than the 130p.
thorpematt
30/8/2018
12:28
Very good results. However, unless an offer comes in from a trade buyer, DBAY are going to pick this up for a bargain. They obviously think they can create value beyond 130p.
mongrels3
29/8/2018
12:44
The most likely outcome is that DBAY take them for 130p but the option value is small. You can sell in the market now for 130.5p or get 130p + 1.75p dividend by holding. So the only real cost of holding is the opportunity cost of having a better short term investment idea that has a higher chance of delivering a return than a competing offer.
dangersimpson2
29/8/2018
11:13
all if's and but's the only sure thing we know is 130p is the offer at the minute
jon123
29/8/2018
11:07
I doubt DBAY will come back with an improved offer. However that doesn't mean that an industry player won't make an offer. DBAY are investors so they are not desperate to get into the recruitment industry, all they care about is generating the highest risk adjusted return so if someone makes a higher offer they are highly likely to take it. Doesn't mean it will happen though - maybe the larger recruiters don't see significantly higher value in HVN than the DBAY offer. There is an argument to be made though that the larger recruiters could offer shares on a P/E of 20 to buy earnings on a 10 times multiple and if they could remove central costs and get HVN's net margins from their current 1% to 4% then they would be getting it for 2-3x future earnings.
dangersimpson2
29/8/2018
07:50
we have no idea whats going on behind the scene's but i can't see an improved offer coming our way
jon123
29/8/2018
07:45
What is going on here? I would expect Miton & C to fight for an improved offer. Otherwise why have Herald increased their stake?
sophia1982
10/8/2018
11:54
There's a few trades on NEX. You can sell in reasonable size around the offer price (incl. dividend) if you want but I guess most people who wanted the short-term liquidity to sell did so on the day of the offer. Not a buyer willing to chase the price though so just a case of waiting to see if DBAY get it for 130p or a trade buyer thinks it's worth more.
dangersimpson2
10/8/2018
11:15
It looks like the buying has stopped. No trades this morning reported so far. Does this mean the trusts have sufficient to prevent the takeover? Or are they aware of a counter offer? Or will they be pushing for an increased offer to support it from the existing suitor?
dekle
10/8/2018
10:53
Herald Investment Management seem to have picked up between 2.35% & 5.34% on 8th August which is after the takeover announcement & probably at a premium to the takeover price.
dangersimpson2
09/8/2018
14:12
I presume the company are in the market buying their own shares to satisfy the granted options. Is that correct?
dekle
09/8/2018
10:49
It makes Empresaria look cheap.
davebowler
09/8/2018
07:09
Unbelievable that an appalling management team reward themselves even more!
deeppockets
09/8/2018
07:08
lol the gravy train just keeps on rolling
jon123
08/8/2018
18:44
If DBAY buys above their offer price in the market they would have to up their offer to the highest price paid. Another suitor could buy in the market but if they make an offer it would have to be at least as high as they'd bought in the market in the last year. Of course any offer would need to be a a reasonable premium to today's price anyway so academic really. anyone holding above 1% have to report now they are on the takeover panel list so we'll see pretty soon if anyone of note has a stake. Realistically a trade buyer probably won't be able to get much in the market so they will just come out with a higher offer if they are interested.
dangersimpson2
08/8/2018
16:41
Is the suitor permitted to buy more in the market place while the offer exists?
dekle
08/8/2018
13:52
Interesting to see the current market bid is a whisker above the offer price. Possibly the fat lady hasn't sung yet? Perhaps I have my rose tinteds on?
cwa1
07/8/2018
13:16
I think if we do get a counter-offer from an industry player then you are right a lot of other smaller listed recruiters look vulnerable to being taken over, removing the board costs and delivering earning enhancement to the more highly rated larger recruitment companies. However if we don't see a counter offer for Harvey Nash then the likelihood of other sector consolidation could be overstated. I see GATC has already gone up 9% this morning which is more than half of the premium that DBAY are paying for HVN. Having already lost Creston to DBAY takeover a few years ago and now HVN I will certainly be keeping an eye out for their name appearing in RNS in the future.
dangersimpson2
07/8/2018
10:36
I think this is a lowball offer but it probably needs another trade buyer to come in and shake it up or I fear DBay will have done all the necessary work and incentives to management to get enough votes in a weak market especially with the Brexit woes clouding over investors. It is the Summer so a perfect time to catch things whilst the larger investors are sunning themselves on extended hols ! I will be amazed if this does not get others casting their net on the sector at GATC has been a sitting duck with a ship that appears rudderless and RTC Group where I have a large holding is on a P/E of 5.5 and yields a whopping 7% with directors paid as much as HVN so if the admin costs and central overhead can be slashed or absorbed then it makes a great albeit smaller catch... Just my view but I suspect this will kick off more action in the sector.
davidosh
07/8/2018
10:14
no i couldn't find a date either mongrels3 but i lost interest trying to wade through all that waffle lol
jon123
07/8/2018
09:12
Did anyone spot the completion date? I saw multiple references to a long stop date, but didn't see an actual date. Thanks in advance.
mongrels3
07/8/2018
09:05
DBAY are value investors so they were never going to pay a high price, and while the offer doesn't look generous at all part of the rise in share price of the last year has been them buying & putting pressure on management to stop taking all the returns of the growing business in salaries. Being investors though means that if a reasonable counteroffer comes through I'm sure DBAY would accept. HVN should make a nice, earnings enhancing bolt-on for one of the larger recruiters, just hope one comes through with an acceptable offer in time.
dangersimpson2
07/8/2018
08:26
Dbay buying up shares and found enough willing sellers at 130 (and below) last month, it makes sense to see if they can push that through. May be no competition.
sammu
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