Hichens Harrison Share Discussion Threads

[nurdin] 23/5/2007 21:53

Stegrego..in the companys words 'we do not like to see artificial spikes in the share price due to shortage of stock'.The issue of shares also expands their share holder base which is healthy for the company.

[cockneyrebel] 23/5/2007 21:47

those shares will only have covered their short positions tho, there has been no sellers hardly! So they are not going to have stock to sell imo, they have just closed their short position at what looks a loss.

Enjoy the ride still - looks like they took 75K today and still never marked it down even tho they picked that lot up in the placing.

And these still look cheap imo :-)

CR

[stegrego] 23/5/2007 21:41

Fair enough nurdin -

What i dont get is though - surely thats the bloody point of shares isnt it?
If MMs are short then they have to put the price up
Its called supply and demand

HICH giving em spare shares just holds back the price

[nurdin] 23/5/2007 20:45

Having spoken to the company this afternoon,I can confirm that the shares were placed with the MMs.They simply didnt have enough shares to satisfy demand and the Company placed the shares to ensure an orderly market.HICH do not have a need for the cash...

[bigbigdave] 23/5/2007 20:25

Well if it does drop to 3.45 one or two peeps will be adding big stylie 8-)

[stegrego] 23/5/2007 20:19

Who says the MMs do have the shares?

I read it as they went straight to investors?

[czar] 23/5/2007 20:06

Now the mm's have 200,000 shares at 3.45p if the price does go up we will be through 400p by the end of the week but my bet is they will drop it to 3.45 now they have pushed the company into issuing stock to cover their short. In the morning we will know.

[tadtech] 23/5/2007 18:47

Another press announcement re Mid East investor building a stake maybe ?????

[cockneyrebel] 23/5/2007 17:28

I doubt they have a chance - that's a bold placing at above the opening price this morning - extremely bullish and nobody had their arm twisted to take those imo.

Stock closed on the day's high too. 79K sells to 46K buys today and the price is up 7.5% - must be a big buy order still being filled imo.


CR

[czar] 23/5/2007 17:17

HH don't need any money so the mm's must be very short. Mind you knowing mm's they will now take the opportunity to sell down to 345p in the morning.

[cockneyrebel] 23/5/2007 17:15

Too small a placing to be of significance but I reckon it adds cred to there being a big institutional buyer the way the chart is going north like this.

That placing wasdoneat above today's opening price - pretty amazing imo.

CR

[tegs] 23/5/2007 16:52

Dow Jones News


RNS Number:1302X
Hichens Harrison & Co PLC
23 May 2007


Hichens, Harrison & Co. Plc

("the Company")

Issue of Equity

Hichens, Harrison & Co. Plc, the City of London's oldest firm of stock brokers,
is pleased to announce that due to a high demand for its shares and to aid
liquidity, it has completed a placing of 200,000 New Ordinary Shares at 345p per
share raising gross funds of £690,000. The proceeds will be used for general
working capital purposes.

Each new Ordinary Share will rank pari passu with all existing Ordinary Shares.

As a result of the placing there are now 15,209,500 shares in issue.
Application has been made for the new Ordinary Shares to be admitted to trading
on AIM and it is expected that such admission will be effective as of 8am on
Thursday 31st May 2007.

ENDS

For further information, please contact:

Hichens, Harrison Ruegg & Co Ltd Hansard Group
Daniel Briggs Brett Miller Ben Simons
T: 020 7382 7776 T: 020 7584 3663 T: 020 7245 1100



This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEUOSNRBRRVUAR

[aldharve] 23/5/2007 16:46

that hopefully puts a base on it and more volatilty?

[bigbigdave] 23/5/2007 16:39

Nice and firm right to the bell 8-)

[its the oxman] 23/5/2007 11:07

took a few profits c.360p - nice run to date but other opportunities call as well, and rating does look a bit more reasonable now - , gl all

[tadtech] 23/5/2007 10:45

I would not be surprised if the rumours of a Mid East investor building a stake were not behind this.

That said we all know that the PE was just far to low. Do the maths, if earnings do reach 26/27p we are still some 3/4 points off the sector average of 17/18

[chester] 23/5/2007 10:44

Lovely chart...

[keane16] 23/5/2007 10:38

blimey

was looking to add more on the dip but unfortunately it hasn't materialised

[liarspoker] 23/5/2007 10:37

Crickey - this has a rocket up it's backside !

[jakleeds] 23/5/2007 10:36

Wow, and still rising, wonder what's causing it today in particular.

[tadtech] 23/5/2007 10:29

450p coming soon????

[nurdin] 23/5/2007 10:20

Orgasmic...not a word I often use :o)