Hirco Share Discussion Threads

[themoneymonster2] 14/12/2010 14:13

I might need some money donating to me if this bloody share price doesn't improve and soon!!

[lbo] 14/12/2010 13:45

Evening Standard Announces London's Top 20 Philanthropists and Charity Leaders as Part of London's 1000 Most Influential



Cyrus Vandrevala & Priya Vandrevala, Philanthropists

Founders of the Vandrevala Foundation which focuses on mental health, dyslexia and multiple sclerosis. He is a private equity investor, she is chief executive of Indian property business Hirco. The power couple are active philanthropists in both India and London.

[envirovision] 10/12/2010 17:20

Theres a bot feeding clips into the market of varouse sizes. I would imagine its been going on for a number of weeks but i have not really followed the trades so cant be sure. Probably part of some hedge funds short posistion?

[matt123d] 10/12/2010 14:49

Sellers all over this still

[hugepants] 10/12/2010 10:21

The company said results are due mid-december so should be any day now.

[envirovision] 10/12/2010 10:10

Interesting im taking a small posistion just in case something is on the cards.

[m.t.glass] 10/12/2010 09:08

Why have they invoked a regulatory clause (Schedule 5g) that implies they are a party not normally entitled to trade within a close period? Does that mean they have personal connections with a director?

[hugepants] 10/12/2010 08:59

This mornings RNS


I think Prana Master Fund are a new shareholder. I cant see them listed in the accounts.
They are a Hedge Fund based in Singapore

[smudgeroo] 09/12/2010 15:00

L2 anyone?

[divinausa1] 09/12/2010 01:12

luv rat

these will be £2 again soon :)

bigger vol buys small vol sellers in recent weeks....

[hugepants] 08/12/2010 15:18

70p looks like its a key support level (that is until it falls to 60p). Some big trades at this price.

[envirovision] 07/12/2010 23:11

matt123d - 3 Dec'10 - 09:18 - 1080 of 1087


read your message regarding support.

I would just to add and say that if 70p gives way then the next level will be 69p, after that 68p and i kid you not after 68p its then 67p.

I do hope you find this post as worthwhile as your own, and thanks for taking the time to read it.

[pjj71] 07/12/2010 20:52

A lesson learnt.. next time a hedge fund tries to kick this company into shape - trust them and not the HB... HSBC are clearly upto their necks in this as well... If we are not back to a decent price level by the AGM then I think we demand an independent audit to see whats happened to the £390m invested so far... the projects must be awash with cash given purchasers pay for the flat as its constructed- and only the last 5% on completion...phase 1 is 80% sold and so far phase 2 construction hasnt begun.. so wheres the money???? The reason our preferred dividend is being delayed, IMO, is so that the HB can push forward with the merger of HRCO into the development company at a huge cost to HRCO shareholders... they will no doubt offer a pittance a share or a swap into the new entity... The board and management here are an utter disgrace..

[hugepants] 07/12/2010 18:22

"As of 31 March 2010, Hirco's Net Asset Value (NAV) was GBP7.36 per share..."

Hee Hee.

[hugepants] 07/12/2010 18:20

This stock is an abomination.

[divinausa1] 06/12/2010 07:30

PJJ71 - 3 Dec'10 - 09:36 - 1081 of 1082


Although a holder here its hard to disagree with matt regarding the short term outlook...

As I have posted I'm sure the value will be realised one day but there is just lack of catalyst
============

maybe results mid this month...

[themoneymonster2] 06/12/2010 07:06

Someone is buying big though, there have been numerous large 200k and 20k shares bought. The shorters may be caught out.

[pjj71] 03/12/2010 09:36

Although a holder here its hard to disagree with matt regarding the short term outlook...

As I have posted I'm sure the value will be realised one day but there is just lack of catalyst which means short term technicals prob win.. (unless we get some form of corporate action)

The HB clearly don't give a hoot about the share price and have no respect for their shareholders... Its an absolute disgrace and a lesson learnt.

[matt123d] 03/12/2010 09:18

Short here. Got to be one of the worst performing stocks on the market at present.

Would anticipate some support around the 60p area but if that fails then 50p is definitely a possibility and will tie in nicely with the bottom of the rsi down channel.

[themoneymonster2] 03/12/2010 08:54

Are we sure NAV is over 700p? share price is a disgrace.

[pjj71] 02/12/2010 13:37

If you look on the the Hirco website (not hirco plc) the HB are now planning to launch many more township projects across India..











I think something will have to happen here otherwise investors for those projects will be nigh on impossible to attract...

Part of the reason that Panvel / Channai projects are moving so slowly is that monies are being used from the completed stages to fund the next phases... In india you pay in stages as the apt is constructed..

If you read the recent chairmans letter / interims hirco plc has 2 years working capital which ties in with the date when cash should start to be returned from the SPVs

The value is here its just difficult to know what the catalyst is that will get it freed up..

This stock could well be a value trap for the next 2 years but equally it wouldn't surprise me if we see a low ball offer which many except just to get back some cash..