High-Point Ren. Share Discussion Threads

[targatarga] 22/7/2003 21:30

Management possibly waiting for vct funding before bidding in the region of 1p per share.

[jennie8] 22/7/2003 20:46

more like they have no cash............

[ken50] 22/7/2003 18:28

Dont see how they could.
At the very latest an announcement on financing must be made on Friday 1st August.
Its possible the loan repayment is near completion.

[biomax] 21/7/2003 20:52

could be a strongest buy!

[ken50] 21/7/2003 15:22

0.44% of shares traded so far today and all were buys.
May see a dramatic upward movement soon.

[iantc] 20/7/2003 13:06

loan could be repaid this week ,should be interesting

[garth] 19/7/2003 00:35

targatarga,

perhaps try giving the company a ring.

G.

[ken50] 18/7/2003 14:18

Have just reviewed price movement over the last few months and there are certainly the early stages of an upward trend.

[targatarga] 18/7/2003 10:47

Any views on the independant directors standing up for ordinary investors please?

[biomax] 17/7/2003 10:30

strong but risky BUY!

[garth] 16/7/2003 14:57

Biomax,

looks like we agree then. Thanks for taking my comments in the spirit they were written. I REALLY HOPE that HPT make it. If they do, the potential upside is considerable. I just believe that the issue of debt should not be under-estimated and investors and potential investors should research this situation with some care.

All the best.

G.

[biomax] 16/7/2003 13:35

well said, Garth,
strong but very risky buy, imo!

[bubloo] 16/7/2003 00:22

I think the management must be close to sorting the mess out and / or got an extension of loan amount. tha n=banks have been very supportive and unlikely to harm the company at this stage biomax is probably right about his projections moreover the initial approach to take over the company was pitched in when the pricwe was in the high 30s i suspect this is speculative but grat bet views please

[biomax] 15/7/2003 23:39

Garth,

well said, I agree with you,
one can loose 100%, but if you buy at 4 p, upside is good, 600-1200%

[garth] 15/7/2003 22:25

Biomax,

HPT are currently valued at around £7m (£1m equity, £6m debt)

The downside here is losing everything if the banks say 'enough'. If they don't, and money owed is recovered and debt paid down, then the door opens to some upside....

Scenario 1 is that the management, having secured the future of the company, buy it out. Investors lose out but get something.

Scenario 2 is that the independent Directors refuse to allow them this option and so the company is allowed to recover - to the long-term benefit of shareholders.

If the debt situation gets resolved then there is, in my opinion, significant long term upside (compare the decline & turnaround in MGCR over the last 18 months). This won't be instant. Sure, the mm's will hike it up a first slice, but there will be more to follow.

If the debt situation is not resolved then you lose everything.

That does not seem as rosy as you are painting it, IMO.

How much research have you done here (that's a genuine question - not a dig!)? They invested $1m in Surepower. It was going to be the great glory-story. I bought into it. But where is it? No comment on it in the last results announcement or in recent trading statements (which also contained no comment on trading).

That niggling question led me to some research today. It started with a look at the SUREPOWER website (last news September 2002). Then a phone call for some information and an information pack. I won't be getting one...... DYOR!

My 6 rules for investment are:

1. Don't invest what you can't afford to lose
2. Buy low, sell high (I'm still pretty hit & miss at the selling bit)
3. Don't be greedy - take a profit (still learning this one)
4. Research
5. Research
6. Research

The last 3 have served me best. Do your own research here, IMO.

All the best.

G.

[biomax] 15/7/2003 17:18

free float is only about 30 %,
with Institutions holding over 50%, they will need to be pursuaded to sell on the cheap, which is not always certain, imo

[targatarga] 15/7/2003 17:05

Garth your right. Everytime management of a dodgy stock try and buy a company they rip the ordinary investors off. VCT'S make a lot of money offering managers money to get a company on the cheap. The management of hpt have yet to do me any favours. Just look at the share price graph over the last few years.

[garth] 15/7/2003 15:23

Biomax,

they have had potential - always potential. The cheap price tag is down to the massive uncertainty which management have done nothing to alleviate. And why not? Because they want to buy the company. And what price will they give you?

With the way they have handled things so far, what confidence do you have that they will give you anything close to a 'fair price'?

That's the other side of your gamble here....

IMO, of course.

G.

[biomax] 15/7/2003 15:00

amazingly cheap, 12 times bagger potential!
dyor, etc

[lostafortune] 15/7/2003 11:05

Thanks, still watching, regards, Steve.

[opthalmist] 15/7/2003 11:03

Think there may be more contracts announced before the interims, which I think are due in the next few months.

[lostafortune] 15/7/2003 11:02

Been watching utn myself opthalmist, You heard anything ? Regards, Steve.

[opthalmist] 15/7/2003 10:37

Check out UTN. Could shift big-time later.

[targatarga] 15/7/2003 10:14

The only people to make 100% + will be the management.

[biomax] 15/7/2003 09:50

this could go to 30-60 p,

risk 100%, upside 700-1200%