The price action suggests there's not much liquidity here....4% swings on thin air! |
Hi everyone,
My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast last week and part of our discussion includes HWG which I think looks interesting – especially from a Technical viewpoint.
As always we also chatted about loads of other Stocks and Ideas for research and a fair bit of educational stuff with regards to Investing and Portfolio Management. We included a bit on ‘Lockdown Fever’ which our Listeners seem to have particularly enjoyed (a bit surprising !!).
Anyway, if you use Youtube, Apple, Audioboom, Overcast, Google+ or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 41) and you can find it on Soundcloud at the link below.
I hope you enjoy it and find it useful, we try to keep them light and they are totally unscripted, not like all the stuffy financial fodder you are probably more used to !!
Cheers, WD
@wheeliedealer |
Trading well below it's tangible book value and was trading at above 150p before the pendamic.Should do very well as the land prices have risen considerably in the last six months. |
Yes this one been asleep for months but good to see some life eventually. |
Glad i hung on to these, not been the most dynamic |
Testing a breakout now with the price currently 111p.
Been waiting ages for this one to pop through that resistance. Lovely chart and gaps higher to fill IF it gets through.
All imo
DYOR |
It presents a good opportunity to build a stake for people like us. The 'risk' was already low here, and further reduced today way more than the share price has increased. |
These updates suggest the price should have recovered a great deal more:
"The Group has delivered a strong operational performance in the second half of the year despite Covid-19 restrictions. This, coupled with the indicative outcome of the independent valuation of the land and property portfolio, means that we anticipate that the financial performance resulting in Group EPRA NDV at 31 December 2020 will be ahead of our expectations."
As per the above, unsure how many these large sellers have left but if they keep delivering, someone must feel bullish enough to clear them out at some point.
All imo
DYOR |
Still waiting for a breakout here, continues to be rangebound.
Some decent prints with 1.54m print just hitting the book at 106p as well as 1.25m. Unsure who the seller is, possibly Invesco who held 14.7m or Artemis who had 8.1m. A few whoppers here and it could get interesting, stale for the timebeing.
All imo
DYOR |
The late UT took a couple of p off the price.Bought back in again today.Hoping its another UANC. |
The seller must have a REALLY good place to put their cash then....I'm struggling to find a better one than Harworth for MY cash right now. |
There's been a seller around for a long time, and until they are out of the way, the share price is unlikely to make much progress.
In the meantime, the company continues to deliver. |
More housing land sold at book value!
5% of the Coalville site sold for £8.9m (166 new homes).......under 10% of the 2016 houses on the planning approval. Gives a plot value of £50k+ per house.
I'm not surprised that directors are buying given the 50% discount to NDV of 150p per share.....before the recent Merseyside deal which is earnings enhancing. |
Little bit of business done in Doncaster. not big enough for RNS:
hxxps://www.insidermedia.com/news/yorkshire/harworth-group-sells-land-for-drive-thru-restaurant?utm_source=yorkshire_newsletter&utm_campaign=yorkshire_news_tracker&utm_medium=property_article |
Another chunky director buy yesterday - 40K for a non-exec.
I've bough some for my investment club this mornign at 100p on the nose! |
 NICE RNS - Good bit of business!
ACQUISITION OF SATURN PARK IN MERSEYSIDE FOR £26 MILLION GROWS INCOME PORTFOLIO
Harworth Group plc ("Harworth" or the "Company"), a leading regenerator of land and property for development and investment, announces that it has acquired off-market Saturn Park ("Saturn") in Knowsley, Merseyside, for £26 million plus acquisition costs. The acquisition is in line with Harworth's strategy to grow its predominantly industrial investment portfolio through the acquisition of high yielding properties with inherent value and growth potential.
Situated on a 35.2 acre site, Saturn Park comprises c.416,000 sq. ft of modern warehouse space across three units with ancillary offices, plus c.13.1 acres of open storage land, which together generate a passing rent of £2.14 million per annum with a WAULT to expiry of 5.25 years. This reflects a Net Initial Yield of c.7.7% and a reversionary yield of c.9.0%. The value of the gross assets subject to the transaction is £26 million and the acquisition will be funded through existing financial resources.
Located adjacent to Junction 4 of the M57, Saturn Park is conveniently positioned for access to The Port of Liverpool and the M58, M62 and M6 motorways. The site's warehouse space is let to two tenants including Singleton Trading, a specialist importer and distributor of toys and goods to the North West, which occupies two units totalling c. 317,600 sq. ft. The third c.77,000 sq. ft unit is let to Relonchem, an independent pharmaceutical company. Four tenants occupy the majority of the open storage land across five leases, generating an annual passing rent of c. £628,000, whilst c. 10,500 sq. ft of the 22,000 sq. ft of office space is let to the NHS.
Harworth will use its significant asset management experience to drive further value at Saturn, including refurbishment works and enhanced marketing of the remaining vacant office space and land, whilst also exploring the potential for further development on the 4.25 acres of currently vacant land on the site.
Harworth's existing investment portfolio generates £17.2 million of income per annum (as at 30 June 2020), making a considerable contribution to the Group's profits and value gains whilst covering the company's overheads. In March 2020, Harworth appointed Richard Bousfield as Head of Income to boost its in-house asset management capabilities as it seeks to maximise capital values and rental income across the portfolio. He is also responsible for identifying and acquiring additional high-yielding investments with asset management potential, including the opportunity for further development.
Lynda Shillaw, Chief Executive of Harworth, said:
"This off-market transaction is an excellent use of our significant financial headroom to further improve the resilience and depth of our investment portfolio, whilst also providing clear asset management opportunities to generate future value gains. The acquisition also underlines our ongoing commitment to invest in our core regions and given the obvious synergies to the Port of Liverpool, it directly supports Government efforts to rebalance the UK economy." |
Very little chat about on here and LSE which is normally a good thing for the share price!
IC covberage is positive.
Otherwise...under the radar! |
103-104.5 slight improvement in price still miles away from 150p where it was and a piffling dividend last week...... |
Market's waking up, there's massive potential here if someone wants to move for it but if one party is already at 25% it's a little more nuanced to work out. |
likewise, topped up |
Took opportunity to buy some as all housebuilders and REITs up double digits today but this hasn't moved. One of the benefits of being under the radar! |
I'm liking the director buys this month.
The new CEO has put £70k in before taking up her post. |
Rovida now 25% |
Positive comment in this week's IC, rated as a BUY.
Drawn MY attention anyway |
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