Hawtin Share Discussion Threads

[sharw] 14/2/2006 22:25

...and even more complex. It looks as if he bought them from Perloff at the bid price on that day and then Perloff offloaded his remaining 500k at a higher price. Why didn't Dovey buy the lot? Why did Perloff sell? Will Perloff step down as Director now he owns no shares? What are the intentions of the mysterious Jersey company? What is happening about planning permission for Hawtin Park? Who knows what? Too many questions for my liking!

[cg1953] 14/2/2006 08:49

even more interesting.
the dovey family having sold the bulk of there holding at around .13pence a few years back returning now and paying .165
what do they know that we dont ?
what witches brew is this ?

[james t kirk] 10/2/2006 21:15

Also interesting the 500k broker buy at 3.30pm and no buy after that. I would guess there's still a big buyer mopping up all these sells.

IMHO 20p will be reached early next week and more holdings RNS's - watch this space..

[james t kirk] 10/2/2006 17:40

Anyone apart from me want to rate this a buy on the quotes page - sure likes there's more action to come in the next few days.

[cg1953] 10/2/2006 10:05

so was the late robert maxwell, arthur !!!
interesting, if not very encouraging, to see a not insubstantial directors buy this morning.

[arthur_lame_stocks] 10/2/2006 08:44

So now we have an idea who they are. David Kirch is reputed to be worth £100m.

[formentera] 10/2/2006 08:31

Rock on baby...

[arthur_lame_stocks] 09/2/2006 10:34

Nothing at Companies House either as far as I can see

[formentera] 09/2/2006 09:57

Up 23% brilliant; with more to come!

[nissi beach] 09/2/2006 09:52

undervalued gaming stock about to take off

[sharw] 09/2/2006 09:23

At least you knew who Perloff/Panther/Portnard were. Google returns nothing for "Gracelands Investments".

Given that Panther were not willing to bid at around 16, 18.25 is quite a price and if (big if) there is another bid it will have to be at least that.

[cg1953] 09/2/2006 07:52

ANOTHER WITCHES BREW ?
the welsh wizards are at it again !!!!
bubble bubble toil and trouble, but at over 18 pence a share it cant be a wicked brew !!! can it ?
but then what is it ? an elvis presley revival !!!
or just another concert party disguised as something else ?
waiting with bated steamy breath for the next announcement !!!

[arthur_lame_stocks] 10/11/2005 12:12

Talks are off. As far as I can see no planning application has yet been made on the land at Hawtin Park.

[haydock] 25/9/2005 22:26

I had a dig around and it looks as if a new unitary plan has just been released for Caerphilly , dated September 2005-2111.
Two parcels of Hawtin Park seem to be sheduled for development status,one of which may be a new decision.
Agree with the reasons for the delay, but this may be the trigger,for the offer.
Regards Haydock.

[cg1953] 22/9/2005 10:44

sharw.
thanks for the information and clarification.

[sharw] 21/9/2005 20:56

No - the panel has the power to set a deadline, but it has to be invoked. Since Panther has its boss on the Hawtin board that is unlikely to happen.

To illustrate how it is done look at Somerfield. After 6 months of management being distracted there is still no offer on the table so it asked the panel to act. Result:

"Following recent representations made by the advisers to Somerfield, the Panel
Executive has been considering the application of Rule 2.4(b) of the Code to the
approaches by the ABT Consortium and L&R to Somerfield. Following discussions
with all parties' advisers, it has been agreed that the deadline for each of the
ABT Consortium and L&R either to announce a firm intention to make an offer for
Somerfield under Rule 2.5 of the Code or to announce that it does not intend to
make an offer for Somerfield is 5.00pm on Friday 14 October 2005. No extension
to this deadline will be granted, except with the consent of the Panel
Executive".

Panther has to put a value on Hawtin and one of the big variables is the value of the land at Hawtin Park. This in turn depends on what the planners are willing to allow. It may be that the delay is due to waiting for a decision there. Reminder:

Interim report "Hawtin Park land has continued to attract interest as planning issues are addressed. The Board continue to monitor the future prospects of this development".

Annual Report: "The development land at Hawtin Park is valued at £5 million. Despite significant efforts, little progress has been made with planning issues during the year. Nevertheless, the Board is confident that the valuation is sound and that, when the appropriate conditions prevail, the asset will realise its potential".

[cg1953] 21/9/2005 12:56

i thought PANTHER has to either put up or shut up
within a certain period under the takever code ?

surely that period is well nigh ?

[kenos1] 14/9/2005 18:50

Andrew Perloff's Panther securities results out today.
Increased divi.not short of cash for the right takeovers.
HTI still in their sights.
Kenos1

[arthur_lame_stocks] 07/9/2005 10:58

I still think Andrew Perloff wants a clearer idea of how the planning application on that 19 acres is going to go before he makes a bid.

[rhtshah2] 06/9/2005 10:37

bid talks still going on....two months after the initial approach, it looks serious to me....

[haydock] 04/7/2005 21:35

Wait for it . here comes the bid,.
Looking at the buyers today, all institutional?
Somebody sensing a quick profit?
Regards Haydock.

[topvest] 13/6/2005 18:22

I agree. There may be a share alternative as there was on the Eurocity Properties offer. Can't see the offer being much more than 15p personally. Maybe 15.5p at a stretch. Happy with anything above 15p and even more so if there is a share alternative.

[sharw] 13/6/2005 18:19

RBF - NAV 16.4p at the last balance (31/12) with no intangibles. As topvest pointed out earlier the big off balance sheet intangible is the tax losses from all those trading subsidiaries that were written off. How much is involved we do not know but in the hands of a good tax accountant it could be worth a lot. The problem is that with their 29% Panther hold the upper hand and are not going to pay any more than they have to.

[rbf] 13/6/2005 16:56

I would be disappointed if it was only 15p.....not that I am greedy of course, but I thought the published NAV was over 16p and one suspects some hidden value.