Hirco Share Discussion Threads

[hugepants] 01/12/2010 13:34

The NAV would appear to be a work of fiction. The auditors are looking silly.

Isnt the main problem that the market is wondering how the SPVs will raise cash to complete these projects. I assume the SPVs can't just wait until they have collected cash from the 1st completed bit then build the next part etc. Otherwise the share price wouldnt be this low. Maybe no-one will put invest more in cash these companies because Hirco is due such a big dividend.

[adam] 01/12/2010 12:05

because the % they have now is less than the % they had earlier.

clearly someone has to be buying, but on balance the share price is going down, so one has to assume that they are better offered than bid.

the company now almost sits at a staggering 90% discount discount to reported NAV.

Either there is something seriously wrong (my belief), or it is cheap as chips. The opacity though of the off-balance sheet SPVs and the murky dealings of the management leave me on the side-lines. It would be a leap of faith for me to invest and i prefer to invest on facts.

[the original goldbug] 01/12/2010 11:41

how do you know Norges are selling?

[divinausa1] 01/12/2010 05:29

nice to see volume pick up here, results a couple weeks time...

[lbo] 30/11/2010 09:41

Indian economy continues to expand

Against the backdrop of expanding yields across many euro zone countries, one could not be blamed for being jealous of the latest economic release from the Indian government. Gross domestic product rose 8.9% year-on-year in the three months to September. This was above consensus expectations of 8.2%. India's latest growth compares to 1.9% in the euro zone and 2.5% in the US. The government expects the economy to expand by 8.5% for the full fiscal year to March. The strong growth has led to increased inflation and this in turn has led the government to increase the reserve ratio in recent weeks. Forecasters expect further increases in the reserve ratio. The emergence of the Indian consumer is likely to be heralded as one of the potential drivers of long-term world growth. Sales of cars reached a record in October and offer further evidence that the Indian consumer is most definitely emerging. Loans provided by lenders rose 22% in the fortnight to November 5th, which is the fastest pace in nearly two years.

[divinausa1] 29/11/2010 08:46

Big 'little bay'


Land is scarce in Mumbai, but the city is still the dream destination for real estate investors

[mister md] 23/11/2010 17:12

no, Franklin went from 3.1% to 2.9% so reduced. Would explain price action I guess

[hugepants] 23/11/2010 16:12

Thanks adam. It looks like Franklin Resources bought then.

[adam] 23/11/2010 15:57

Norges are selling

Identity & % holdings of significant shareholders
HSBC Private Bank Suisse 28.67%
Standard Life 14.64%
HSBC Holdings 7.81%
Alpine woods Capital Investments 4.75%
Norges Bank Investment Management 4.20%
Sanlam Asset Management 3.71%

[hugepants] 23/11/2010 15:52

Theres a 2nd RNS today. Is this a new shareholder?

[mister md] 23/11/2010 15:07

reduction in holdings RNS

[nilip] 23/11/2010 10:43

Thanks LBO.

[lbo] 23/11/2010 10:03

Land is scarce in Mumbai, but the city is still the dream destination for real estate investors.

Hirco PLC, another of India's large real estate investment companies, is focussing on mixed-use township development in suburban areas outside city centres. These townships will be predominately residential and provide high-quality affordable housing for India's growing young and affluent working population.

These self-contained townships will essentially feature schools, hospitals, parks, landscaped gardens, leisure facilities, hotels, and retail outlets including exclusive shops for domestic and international brands, supermarkets, restaurants, and cafés

[snickerdog] 17/11/2010 11:16

Latest video from Chennai nearing completion:

[divinausa1] 15/11/2010 01:39

Integrated township housing is the future
Increasingly, buyers are showing a preference for gated community residences, with all conveniences included, rather than living in stand-alone homes



i hap a top up friday cant believe we are down to 60m market cap here...

[tivoliworldgaming] 12/11/2010 10:28

My stop loss is at 72p.

I had £10 per point before at 90p, but took loss at 86p, and then more than doubled down with £26 per point at 82p.

[incidentmanager] 12/11/2010 10:26

whats your SL?

[tivoliworldgaming] 12/11/2010 10:25

£1 by the close?

[tivoliworldgaming] 12/11/2010 10:20

Looks like insider buying to me

[tivoliworldgaming] 12/11/2010 10:18

Something massive has just happened?

[snickerdog] 11/11/2010 21:53

I emailed Joe yesterday too and got the same answer - mid-dec.

Was thinking that it might be an idea to phone the sales offices for the complexes in Panvel and Chennai and see how many are left.

[mikey34] 11/11/2010 13:45

divinausa,
You mentioned getting into Indian stocks....you might take a look at EROS.
Its a Bollywood film producer which looks to have a lot of potential.Apologies to others for being off topic.

[divinausa1] 10/11/2010 23:21

dear mam final results for Hirco will be Mid-december

investor relations HRCO

Joe DeLuca
610-230-2333 office
484-431-3694 cell

good luck with your short matt but with the disparity with net asset value i would not like to short them, but who knows....