Harworth Share Discussion Threads

[george stobbart] 28/7/2021 09:48

Yes BOOT owns some low-quality assets like their construction arm and some legacy onerous PFI contracts.

But if you see their Logistics pipeline (current + committed + consented) is c. 6mn sq ft

That compares to c. 9mn sq ft for HWG.

If the two were to combine, they would have a massive logistics landbank of 15mn sq ft with 1-5yrs left to completion.

That is even much bigger than the bank of the pure play industrial REITS (SEGRO + Tritax).

A combined entity could easily discontinue / dump the more trashy assets and just focus on the higher margin assets.

[tiltonboy] 28/7/2021 09:26

Sorry gs, didn't notice that I was directed to a 2018 list when I googled Henry Boot shareholders...lol...

[george stobbart] 28/7/2021 09:18

Roditi owns

27.8% in Harworth via London & Amsterdam Trust, Pelham Capital, PA account
4.1% in BOOT via London & Amsterdam Trust (position built with the last 12-24 months)

[williamcooper104] 27/7/2021 20:39

Apart from if I remember correctly BOOT has a contracting arm - horrible business; even in good times

[tiltonboy] 27/7/2021 18:16

Would make a huge amount of sense.

I can't see any holding by Nick Roditi in BOOT

[george stobart] 27/7/2021 16:24

Roditi wants to merge Harworth Group with Henry Boot (BOOT.L), that's why he's been building big positions in both.

Both have significant land bank in industrials and logistics plus resi plots.

The recent St Modwen takeover shows there's significant value in development land within these sectors

[mushypeas] 25/7/2021 11:17

After the ups and downs in the share price it would be cruel to have it taken away at this stage. Whittaker needs the money, Roditi doesn't and who knows how the pension fund would vote.
Low leverage has been an attraction(to me).Is this now perceived as a weakness?

[williamcooper104] 23/7/2021 10:43

It's rare to see a REIT come out with a statement like that (I can't remember seeing one before) Looks like a a worried board doing a bit of pre-bid defence

[lageraemia] 23/7/2021 10:34

Still priced below NAV, decent PE and dividend whilst we wait.

What's not to like?

[tiltonboy] 23/7/2021 10:20

Peel's forecasting 185p, and have a 175p target price.

SMP went on a 20% premium!

[shauney2] 23/7/2021 09:18

I put my monies from the UANC takeout here(taken out too cheap by the way)so hope you're right.What does materially mean,10 to 20%?

"the Company now anticipates that Group EPRA NDV as at 30 June 2021 will be materially ahead of the current analyst consensus for 31 December 2021*.


*Current analyst consensus for EPRA NDV per share for 31 December 2021 is 167p, comprising three forecasts of 167p from Liberum, Peel Hunt and Goodbody.

[riverman77] 23/7/2021 08:54

This has been suggested as the next PE target given their appetite for real assets - they better get a move on as I see this only continuing to rise from here. Very strong land bank and significant industrial exposure.

[finkie] 23/7/2021 08:43

Strong numbers as they should be in this logistics market, hopefully someone will have an eye on these assets and take them out!

[purplepelmets] 23/7/2021 07:11

July 23 - Harworth Group PLC HWG.L :


* HARWORTH GROUP PLC - TRADING UPDATE


* HARWORTH GROUP PLC - ANTICIPATES THAT GROUP EPRA NDV AS AT
30
JUNE 2021 WILL BE MATERIALLY AHEAD OF CURRENT ANALYST CONSENSUS
FOR 31 DEC 2021


* HARWORTH GROUP PLC - DELIVERED A STRONG FIRST HALF
PERFORMANCE


* HARWORTH GROUP PLC - AT 30 JUNE 2021, INDUSTRIAL &
LOGISTICS
PIPELINE TOTALLED 26.2 MILLION SQ FT, OF WHICH 9.0 MILLION SQ FT
IS CONSENTED

[shauney2] 22/6/2021 07:48

Harworth Group has secured planning approval for the development of up to 1.1 million sq ft of logistics and manufacturing space which could support the creation of up to 1,500 jobs.

[finkie] 19/5/2021 13:36

Ok so 15% not 29% apols I’ve been here since uk coal days and done ok as sold at the right time before it went downhill with the pension issues, also via rights issues etc weren’t they priced at 7p so 70p after share reduction from distant memory.....anyway they don’t move much and recently in the last month from 124-147 is a major move for hwg

[mushypeas] 18/5/2021 07:31

Sorry finkie, get up to date.
(see 483 above and page 135 of the annual report)

[finkie] 17/5/2021 18:52

Hwg definitely in play maybe the takeovers I highlighted before have finally pushed peel into making a bid (they own 29% already and have done for years)

[sphere25] 14/5/2021 11:09

So the price has broken higher on the back of those highlighted chunks above. Buyers come in (sector related activity a possibility here) and clear out the sellers at particular price points, allowing the price to breakout and move higher.

As per many out there, it looks like a gap close back to pre-covid is eventually on its way here too. Some of the laggards are playing catch up and the interesting thing is that the US sell offs aren't having as much an impact on UK small caps as in previous times.

The US has been wobbling, and it remains to be seen whether the volatility does calm down with the indices finding some form of bottom, or whether there is a further correction to come.

On the whole however, when I look around my monitors the bulk of the small caps are barely batting an eye lid to the events across the Atlantic. Clearly bigger moves in the US could change that, but the market here appears to be quite content with where prices are trading, almost sending a signal that we want to detach ourselves from their influence.

All imo
DYOR

[lageraemia] 14/5/2021 11:01

I'm enjoying it whatever it is......

[finkie] 14/5/2021 10:46

Something up here possible takeover? St Mods taken over McCarthy too...

[lageraemia] 10/5/2021 12:18

Interesting, but not sure why though.

[sirrux] 10/5/2021 12:03

I like it, seems like others do too.

[finkie] 10/5/2021 11:38

Nudging up any reason?