Hawtin Share Discussion Threads

[rbf] 08/7/2004 19:42

Interesting last trade....250,000 share purchase at 16p!!!

[simonevans] 06/7/2004 21:15

Andrew Perloff appointed to the Board today. May go quiet for a few months now as he does a bit of research on what to do next.

[cambium] 06/7/2004 09:42

Off she blows

[cockneyrebel] 01/7/2004 22:19

If somebody else is buying them at 13.25p they must feel it worthwile and expect a decent premium to 13.25p imo.

CR

[simonevans] 01/7/2004 21:22

yes it certainly is. looks like someone else may have bought these shares. andrew perloff normally enjoys the fight though!

[cockneyrebel] 01/7/2004 19:08

Might be the buy that forces him to make a bid.

Getting very interesting.

CR

[philjeans] 01/7/2004 18:23

Hope you're right!

Question is, who has bought the Fernback stake though? I would have thought that Perloff could not, for fear of taking his stake beyond the magic 30% bid trigger, at this stage.

Might be a contested bid therefore.

Fingers crossed; still holding tight!

[cockneyrebel] 01/7/2004 17:48

RNS Number:4010A
Hawtin PLC
01 July 2004
Hawtin (the "Company") has today received notification that the Fernback family
has sold its entire holding of Ordinary Shares of 5 pence.
The holding of the Fernback Pension Scheme is unchanged at 6,357,183 Ordinary
Shares of 5 pence (8.9%).


What does this mean then? Bid imminent?

Been several trades of 200K at 13.25p - is that their sales?

They still have 8.9% in their pension.

My bet is a bid at 16p a share or more.

CR

[cockneyrebel] 28/6/2004 21:06

I like to look at the legs up in a chart.

The most recent leg has been strongest and longest of the 3 legs since 25th of May.

I recon we're either near to a bid being announced or there's one more dip then another big leg up - to 16p would be my guess.

If it's Perloff buying he's going to have to make a bid if he buys many more - must be squeezing the limit.

CR

[philjeans] 28/6/2004 20:56

I agree a bid now looks likely; MMs appear to be hoovering up all the stale bull sells at present....and the price still ticks up daily.

Question is ....how much will Perloff pay. Parted with 13p per share for his initial stake from the directors but may have to dig a little deeper to get enough critical mass to go over the 50% line; 15p maybe?

[cockneyrebel] 28/6/2004 13:23

Nice buying today again - bid around the corner imo.

CR

[philjeans] 26/6/2004 10:05

Not unless there's a disputed bid; who are the FERNBACK FAMILY AND TRUSTEES, for example - are they part of the Perloff concert party or another potential bidder?????????????

[simonevans] 26/6/2004 09:52

You'll never get 28p back I'm afraid. Andrew Perloff paid 13p and so the take-out price (assuming a takeover) will be in the 13-15p range in my opinion. It's not worth much more than that to Panther.

[wwalbers] 26/6/2004 08:41

Lets hope we get back to the 28p I paid for them!!!

[cockneyrebel] 25/6/2004 14:08

I'm actually thinking something exciting might happen here - has livened right up.

Look at the sells today yet the price is up - the mm's are collecting for someone.

CR

[cockneyrebel] 24/6/2004 18:30

That's one director off the board then :-)

Not taking Andrew Perloff to have an effect.

CR

[simonevans] 22/6/2004 21:05

Andrew Perloff has now taken his holding to 30%. Looks to me like the next moves are 1. Andrew Perloff and his brother get appointed to the Board. 2. They have a look at the company, before either selling on or buying for Panther. I can see a replay of the Eurocity Properties deal here.

[cockneyrebel] 22/6/2004 12:14

Still holding a few of these from Feb.

Assets way above market cap - could be a good 70% in these if there is a bid imo - perhaps more.

CR

[simonevans] 20/6/2004 12:03

He may be eyeing up a takeover - a fairly attractive acquisition if he can eliminate the operating costs of the business. There may also be some upside in the £4m of development land held by Hawtin.

[philjeans] 19/6/2004 21:51

Me too Simonevans - either he'll improve the trading performance of the company or trade his shares to someone who will!

Either way, I think we're on to a winner: can't see Perloff wasting his hard earned cash!

[simonevans] 18/6/2004 21:55

Decided to buy into Hawtin today. Happy to follow Perfloff!

[simonevans] 16/6/2004 21:41

Portnard is Perloff's company and owns 45% of Panther Securities. Not sure about a reverse takeover though - not sure that is Perloff's style.

[sharw] 15/6/2004 21:14

Well, it looked as if the sellers were back today. Interestingly two lots of 200,000 shares went through below the bid price. Does this mean the MMs have not got a big buyer waiting in the wings?

Then after the market closed we had this:

Hawtin (the 'Company') has today received notification that Mr PJ Dovey and Mr
RP Morgan have disposed of beneficial holdings of 5,477,343 and 4,553,057
Ordinary Shares respectively to Portnard Limited. Portnard Limited now hold
10,030,400 Ordinary Shares which comprises 14.0 % of the issues Ordinary Share
Capital.

P Dovey and R Morgan are former directors. Now if you were them would you sell if you thought Portnard was a bidder? Maybe you'd want to give an acceptance undertaking instead? Hmm. I don't know what to make of this. Any ideas anyone?