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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Hawtin | HTI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.825 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.825 | 0.825 |
| Top Posts |
|---|
Posted at 15/11/2010 13:19 by meict Market Makers are offering 1.25p - 1.29p. At least the spread is narrowing but when I just tried some dummy transactions online they would only allow me to sell 5,000 but I could buy 500,000! I wonder who paid 1.35p for the 50,000 that were bought at 10:54 a.m. I recently reread the interim statement, it doesn't auger well but I'm still hanging on to average when they drop below 1p. Have any of the 'new' investors contacted the company regarding a trading update? I'll wait to after the year end on 31 December and approach them in the New Year. |
Posted at 08/1/2010 21:53 by meict A belated Happy New Year to all unfortunates who are holding shares in Hawtin.On 15 September, Hawtin posted the following message on their website: The Company has today posted to shareholders a notice of an Extraordinary General meeting to be held at 2.00 pm on 7th October in Cardiff. A copy of the notice is available from the Company's website. The meeting has been called to seek shareholders authority for the Board to issue new Ordinary Shares to investors. The Board wishes to raise additional funds in order to have the ability to take advantage of appropriate market conditions without the need to seek further shareholder consent. The Board anticipates that any fundraising made pursuant to the proposed authorities will take the form of a placing of new Ordinary Shares with institutional investors together with further investment from existing shareholders. The Company's Interim Report for the six months to 30 June 2009 has been posted to shareholders and copies are available from the Company's website www.hawtin.co.uk. Since then they've issued four further communiqués: 1 the letting, to Sunlight, of the Trade Park at Aberaman; 2 the result of the EGM; 3 the sale of a unit at Parc Nantgarw; and 4 Anton Woodhouse's elevation. Items 1 and 3 were made known, together with other information, to the shareholders at the EGM. What they were not told was the purpose of the share offer. Well, does anybody know anything? |
Posted at 09/9/2009 02:10 by meict Dear Fellow Hawtin Investors,I've read Bob Carlton-Porter's statement a number of times and tried to read between the lines. Below is listed what he is saying and my interpretation. Am I reading him correctly or not? "Over the past few years, the Board has striven to broaden the geographical and occupational base of the portfolio. As a result, the Board is able to see a stabilisation of the Group property portfolio and considers values as a whole are unchanged at the half year. This has resulted in demand for our commercial units and we are now hopeful of being able to announce further lettings in the coming months." I take this to mean that they are actively engaged in negotiation to let one or (hopefully) more sites. Similarly, why tell us about empty sites and more profit expectancy if it isn't in the pipeline? "I am pleased to advise that Bank of Scotland have recently approved a £10.85m loan advance under the £50m facility in respect of a corporate acquisition, which is now in legals, and we are moving forward towards completion which will probably take place later this autumn." I can't see the Bank of Scotland going through this rigmarole just to shut us down in six months time. I see this as saying that the future of Hawtin is (almost) secured. Since December 2008, Hawtin was spent more than £20m on Nantgarw, Holywell and our latest purchase. "The results for the half year also include a revaluation surplus of £756,000 which represents the discount to current value on the acquisition of the Nantgarw property in January 2009." The £1m difference between the purchase price (£4.35m) and the valuation (£5.35m) less expenses. Parc Nantgarw is a site populated by First Class (almost blue chip) tenants and, as I stated in a previous post on the bulletin board, I expect this property to be revalued (upwards) at the end of the year. Parc Nantgarw at present yields 10.5% on a valuation of £5.35m. Where in Heaven's name can you get interest rate of 10.5%? Valuing the site using a yield of 10% means that it's worth £4.6m and adds £250,000 to the profit line. Similarly, 9% = £6.25m and £900,000 whilst 8% = £7m and adds a whopping £1,650,000! Rent reviews are also due in September 2010 and April 2011, which will also add value to the property. Parc Nantgarw occupies a plot of 8.65 acres (376,794 square feet), the three single-storey industrial/warehouse units cover a total of 108,000 square feet. Surely, there must be a good case for a further building (or buildings), of one or more storeys, on this site. "The continuing development of the centre of Cardiff is bringing increased footfall to the area and we expect not only to see a secure role for the Plaza in this but also to play a part in this renaissance. Once St. David's II is complete, the Cardiff City Development Team will turn its attention to the area surrounding the Plaza and we are engaging in early discussions." This is possibly the best news, as it may mean that the Millennium Plaza will be revalued (upwards) more quickly than if it was only dependant only on rental value. The 'fair value' has dropped 25% to £22.5m over two years from an original valuation of £30m. The new St David's Centre will open in 43 days time, on 22nd of October. The more than 160 stores will extend the existing 427,000 square feet shopping centre, to provide 1.4 million square feet of retail space in the heart of Cardiff. Wales' capital receives 27 million shoppers and 10 million tourists each year, and St David's will, undoubtedly, promote Cardiff into the United Kingdom's top ten retail destinations. Perhaps, albeit finally, the proposed Chinese restaurant will open in time for Chtistmas. |
Posted at 10/4/2009 14:55 by meict I agree totally with bulletin board member haydock that if commercial property falls again Hawtin could be in trouble. Hawtin's board is populated these days by professionals who know the industry that the company trades in. I don't believe in bad luck whilst I do in good luck and I think that I was lucky when I stumbled upon Hawtin.Hawtin, in my opinion, has a First Class Management Team, their Cash Flow is excellent, in fact much better than many other larger property companies and there is no likelihood of them breaching their banking covenants. Richard Hayward tends to hide his light under a bushel, it was he who was the 'Project Manager' for the Millennium Stadium (in Cardiff), he delivered it, on time, for £159 million. He wasn't involved in the rebuilding of Wembley; that cost something approaching £800 million and, perhaps, unsurprisingly, was more than a year late! Richard Hayward's success may not count for anything in England but it certainly does in Wales and, as Wales is where much of Hawtin's business is done, this has a value. I think that the presence of Richard Hayward and Robert Carlton-Porter on the board would have, in better times, boosted the share price. Not only does the publicity-shy Richard Hayward hide his light under a bushel, our company does too! Champions Business Park (our joint venture with Centaur Properties Ltd.) on the Wirral. (I think that we bought this site for an absolute song!) At a mere £1 per square foot (on the full 435,000 square feet) we'd be able to service the loan and possibly revalue the property. Unfortunately, on Hawtin's internet site the only comment is that the Occupier is 'TBA'. Alas, parts of Hawtin's site appear unobtainable but on another bulletin board (at interactive investor) I found an entry by mrsbearbull who on the 17 October 2007 stated: 'FOUR months after the purchase of the former Champions Spark Plug complex in Upton, Wirral, Hawtin Developments is reporting good progress with its refurbishment plans and letting of the scheme. 'At the newly-named Champions Business Park, Hawtin has secured a number of early successes in attracting new occupiers and approximately 40% of the site has been let. 'A number of smaller local companies have taken both industrial and office units and their latest letting sees Home and Retail secure 125,000 sq ft of warehouse accommodation, which is by far the largest warehouse letting in Merseyside this year. 'Home and Retail has taken a 10-year lease with a tenant-only break option at year five for the warehouse which is being used to distribute furniture to department stores across the UK. 'Anthony O'Keefe at agent DTZ said: "This letting is a major coup for the estate and the borough as Home and Retail has relocated its warehouse hub from south Manchester to Wirral."' Admittedly, this letting is likely to be at £1 per square foot but £125,000 per year is money. I have found three more companies that have taken space at the site: Pine & Oak Warehouse (probably at £1 per square foot), (again, at probably the same rate) and ( this is different, as they have taken office space (offices are being offered by DTZ and King Sturge at £6.50 per square foot). Yes, I can understand the directors' reluctance to list small occupiers but a statement of how much of the site is occupied and an average amount per square foot would be useful. |
Posted at 17/3/2009 12:35 by meict Gentlemen,I read with interest your 175 messages regarding life, profits and losses in HawtinLand. Before I start to knock some of our investment's recent purchases, I'd like to say that Hawtin's board of directors are as able a bunch that we're likely to find anywhere. I am especially impressed by Richard Hayward who I'm sure will make start to make us money albeit in eighteen months to two years. Who was it who said: 'Nothing any good ever came out of Newport'? Hah! The Chinese Restaurant: did this come to fruition? There were stories in the press that said that it was to occupy ten thousand square feet at the Millennium Plaza at Cardiff. There was talk of an initial rental of £25 per square foot. Has this restaurant opened in Cardiff? By the way, where is Cardiff? The Nantgarw Purchase: this was recently valued at £5.35 million but we were lucky enough to secure it, from an institutional investor, for £4.35 million! The three current tenants, General Motors Acceptance Corporation (UK) Plc, DSG Retail Limited and Doosan Infracore Limited on leases to December 2018, April 2011 and September 2010 respectively, who provide a rental income of £562,000. General Motors Acceptance Corporation (UK) Plc, is this a subsidiary of General Motors, which is fighting off bankruptcy in the United States? DSG Retail Limited is the company that owns Currys and PC World, run by John Browett, it is fighting for survival. Doosan Infracore Limited is an American Construction Equipment, Machine Tools, Forklift Truck, etc. manufacturer. I don't know what it does at Nangarw but it has only eighteen months of its lease left, will it renew? Does the institutional investor know more than we do? The Hollywell Group Purchase: at first glance, this looks cheap. After settling Hollywell's loans and overdrafts for £3.9 million we paid the owners a further £2.9 million made up of £2 million in cash and 20,000,000 new Hawtin 5p shares - these 5p shares appear to have been sold at 4.5p each - what is their true asset value? |
Posted at 07/9/2006 20:07 by contrarian2investor Hi Speed CameraJust maybe the long-term institutional investors are getting ready to launch a full bid for the company. Because this way they can get it on the cheap before it has completed its full turnaround story. Just my thoughts c2i |
Posted at 18/2/2004 10:11 by cockneyrebel Seems a quite thread. What do investors make of these?I notice in their interims the chairman said: "The Group has significantly lower borrowings and a more compact financial base dominated by property assets. The restructured Board has proven expertise in property matters and is set to expand its property interests as opportunities arise. I look forward to a return to profitability in the near future." I don't know what the near future is but if they were near to earnings positive this year after losing 5p in H1 that would be some turnaround in H2. He might just mean profitble in H2 perhaps but either way they look like they could well have bottomed in december after some very high volume. Had a small punterooney this morning, only £2K worth but it seems a risk worth taking with results just a couple of months off. CR |
Posted at 16/5/2002 08:14 by addict The recent announcement on director dealing tells me the thread title is appropriate! |
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