Hightex Share Discussion Threads

[ten bag man] 17/12/2014 07:13

Action here me thinks!!

Each and every day me thinks this company has a game plan, after all why has the plug not been pulled?

Today's news points to those in the know being able to buy on today's update.

We also know that the other parts of the group are not effected by the court.

£300,000 buys the company.

Not for much longer.

[moreforus] 17/12/2014 07:07

TIDMHTIG

RNS Number : 9814Z

Hightex Group PLC

17 December 2014

Hightex Group plc

("Hightex" or the "Company")

Update on German Court process

Further to the statement issued on November 19th, the Company announces that the German courts have approved the application by Hightex GmbH, the principal operating subsidiary of Hightex Group plc, for 'personal management', a German legal process also known as 'debtor in possession' ('Eigenverwaltung'). The 'Eigenverwaltung' procedure is similar to a Chapter 11 procedure in the United States. The objective is the reorganisation and continuation of the subsidiary.

The process will now actively involve Mr. Joerg Spies, an experienced lawyer and consultant for restructuring procedures in this field, who joined the management team of Hightex GmbH as Chief Restructuring Officer (CRO) on November 18th.

The Eigenverwaltung procedure is solely concerned with Hightex GmbH.

Charles DesForges, Non-Executive Chairman of Hightex, commented:

"We are pleased that the German court has approved the Eigenverwaltung procedure, as the board believes that this is the best course of action to reduce debt levels of the operating subsidiary. We will keep shareholders fully informed as to progress".

[fenseal3] 16/12/2014 12:10

Same trading as Friday, the bid hit 0.1p...peeps thought news was coming Monday when it didn't they sold....now investors are buying back in, something will happen soon, news has got to come, will it be good or bad you take your chances, if it's good then 1p is not out of the question.

[moreforus] 16/12/2014 12:03

10 mill just boghut ..can only buy 1 mill at 1.5 mill now...same buyer .....over 3% of the co

[ten bag man] 15/12/2014 12:08

Any sells will just be the day traders.

The MM can also do what they like up to the next RNS.

One just has to wait.

Have an idea this time next year you may have wished you had bought the lot.!!

[fenseal3] 15/12/2014 11:54

I see a few bought in on Friday, no news today so they sell....maybe news tomorrow or this week who knows, i'm in for the fact one snippet of good news and this will go sky high....as TBM says, look at tern to see, the market has given this no chance, how many times have i seen a share battered only to come back kicking and screaming, watch out for HTIG!!!!!!!!!!

[ten bag man] 15/12/2014 08:13

TERN was valued at around £300,000 in Sep.(when I posted my thread.)

Take a look at it today.

The market tends to over react and push stocks down well below fair value.

HIGHTEX has risk but the rewards could be massive in my view.

[ten bag man] 13/12/2014 07:43

"The objective is the reorganisation and continuation of the subsidiary."

Hightex have gone down this route for a reason, after all,they could have just folded the subsidiary and that would have been game up for share holders

They did not, which to me,points to value.

Even at market close yesterday I think no other company on the LSE can be found with a lower market cap.

[21trader] 12/12/2014 16:19

Pump and dump squad on the case be careful about chasing any spike they will
dump on any profit.

[ten bag man] 12/12/2014 15:59

Any buying will I think send the stock higher.

Why?

I would have thought if you were going to sell you would have done so by now.

[ten bag man] 12/12/2014 15:53

News Monday? Or just very cheap?

[ten bag man] 12/12/2014 14:32

One FACT.

Any seller today has made the wrong call.

The price has never been lower so must have sold at a loss.

So often, the time to buy, is when all around are not.!!

[fenseal3] 12/12/2014 14:26

Not massive in money terms but over 13m buys today and over 17m shares traded, quite a lot for HTIG, maybe something positive on the horison...fingers crossed!!!

[ten bag man] 12/12/2014 13:57

Just one of these events could see the stock rocket.

Large debt reduction

New order

Take over

New investor

Upbeat trading statement.

[ten bag man] 12/12/2014 13:39

Any company valued at £230,000 is priced (BY THE MARKET)to go bust within the next 24 hours.

No other company on the LSE is valued less than that today.

If it was going down the pan, why was the plug not pulled last year, last month or last week.?

If HIGHTEX does not go bust the rewards could be huge.

The reason they could be massive is the very very low base line at today's market cap.

A ten bagger would give a valuation of just £2.3m that on a pe of 10 would require profits of just £230,000.

In 3 years time if the company could make a million one is looking at a 40 bagger.

That said, it is HIGH RISK.

[ten bag man] 12/12/2014 13:26

The objective is the reorganisation and continuation of the subsidiary.

[21trader] 11/12/2014 09:31

Sell at 0.065p are all the lifeboats full ?

[trident5] 09/12/2014 20:06

5m buy 0.1p
That'll be £5,000 then.



Good to see the big boys really filling their boots.

[fenseal3] 09/12/2014 13:03

5m buy 0.1p

[fenseal3] 08/12/2014 10:52

In for a penny in for a pound!!!!!!!!!!!!!!

[fenseal3] 08/12/2014 10:34

1.8m buy......whats going on!!!

[fenseal3] 08/12/2014 10:22

Can this do a FITB....one contract and this will go nuts, word is they will do it!!!!!