Hirco Share Discussion Threads

[praipus] 19/5/2011 21:10

Multiple systems....wow.... even more robust.

Not sure about adding to winners that sound like "success bias" adding risk and making the system fragile....but if it works who cares.

Do you weight your bets according to your research if so how?

What else are you into?

[bones30] 19/5/2011 21:07

FWIW - I did rather well in UCP last year, which was another Indian property outfit.

[bones30] 19/5/2011 21:05

Praipus - I don't only operate on that basis. Its one of my methods though.

I research more, depending on the size of the bet, and do more as the price goes up.

[praipus] 19/5/2011 21:03

Like the themes,

*lazy,
*poor research,
*tracking bigger shareholders
*lots of upside
*down side limited due to small investment/risk
*realistic attitude to unexpected/fluke possibility

Took me a long time to realise how much uncertainty is really in the markets. How long have you been operating on that basis?

[bones30] 19/5/2011 20:37

Praipus - I'm afraid I'm not as well researched as I might be here. Had a small punt, that's all.

To be honest its not the easiest to research, but if Weiss are in, I think we have a potential winner.

Judging by the chart (it was the volume early May that caught my attention) there must be some fairly unhappy holders here. Either that or its relatively off the radar and they just see this as a good value play.

Suspect their research is better than mine, so I'll go with their gut. (Lazy I know).

From memory I was in another investment trust (DLD) which was eventually bid for. I think Weiss were involved there too somehow.

NAI, DYOR, and good to see you here.

PS. As for the good timing, well you've got to fluke it once in a while... a stopped clock etc..

[praipus] 19/5/2011 20:33

Well timed bones30. Interesting link and video too. How do you see things panning out here?

[bones30] 19/5/2011 20:09

Praipus, wow, what luck. I'm already in this one!

Beat them to it for a change.

Yes, great news to have a Weiss RNS.



Explains the volume early May too.

Some background if anyone's interested:

[praipus] 19/5/2011 09:23

I'm Tracking Weiss and Laxey holdings in the "Tracking the Arbitrageurs" ADVFN BB see post 3 and 1 respectively



Looking back at the RNS I can see Laxey have been quite active here calling for EGM's etc what stopped them sorting things out?

[pjj71] 18/5/2011 16:16

HSBC are as crooked as the Hiranandani's in all this...

I think its fantastic news about the Weiss.. lets hope they get to the bottom of all this... Its an absolute disgrace how the small investors have been treated here...

[horndean eagle] 18/5/2011 12:48

Bit surprised by today's reaction but I would put it down to a couple of things. Hot money that was hoping it was Hiranandani's buying ahead of an offer. Secondly I think HSBC might be aggressively dumping the balance of their holding now they know it isn't the Hiranandani's buying. Would guess Weiss are mopping up today's stock. Hopefully they will push for board representation and try and sort out the mess the current bunch of incompetents have got us into.

[lbo] 18/5/2011 10:10

These guys have shown impressive returns!

If you had invested $1 million in Andrew Weiss' hedge fund when he opened it in 1991, your stake would now be worth $14 million. But it's not just these stellar returns that have made Weiss one of the best investors of our era. He's also shown a gift for dodging financial bullets - a handy trait at a time when so many once-swaggering investors are bleeding. The flagship fund at his Boston-based company, Weiss Asset Management, hasn't suffered a single losing year in 17 years. Even amid the carnage of 2008, he has eked out a small profit

[hugepants] 18/5/2011 08:56

Weiss are a US outfit.
Its a real vote of confidence this shower are buying.

"...Dr. Weiss is ranked in the top 2% of all published economists when ranked by number of citations to his papers. Dr. Weiss has been the subject of featured articles in Outstanding Investor Digest, Forbes, The Motley Fool, and newspaper articles in the U.S. and Europe..."

[scburbs] 18/5/2011 08:48

Yes, very pleasing to see Weiss buying. After the last fiasco it is clear that a Laxey/Weiss type shareholder may do a better job of protecting shareholder rights/value than the board. They have quite a small holding so it will be interesting to see if they continue to add.

[horndean eagle] 18/5/2011 08:40

Guess I was wrong about the buyer. My second choice would have been Weiss. Very happy they have come on board.

[lbo] 16/5/2011 15:04

Hiranandani Group to invest up to Rs 3,000 cr in a year

[john henry] 16/5/2011 09:19

Not out yet, however still gradually reducing. Interesting no RNS stating who has been accumulating.
Discount to NAV is astounding, possibly one of the largest ive seen. Unfortunately the board are powerless to do anything about it. A low ball take over offer is where i see this ending.
Recent buyer looks to have had their fill. Volumes gradually falling back to there normal low levels. Hopefully the interims may shed some light progress. However not holding my breath.

[horndean eagle] 11/5/2011 20:24

My guess is they are out. They look like they wanted to get out of their trade. Huge volume on the 4th and then chunky volume thereafter. Whoever was buying was lapping up all the stock that was available. Other sellers have been unloading as well since then so the weak hands are being taken out.

[hugepants] 11/5/2011 19:05

They may not be out completely yet Eagle. They are under 3% as of 4th May. Assuming they've been selling since then its possible they still have a million or so to shift.

[horndean eagle] 11/5/2011 16:13

HSBC are out of HRCO then. Now we wait with baited breath for who the buyer is. Whoever it is they have been very aggressive in picking up stock. I wouldn't be surprised if they are near the 10% mark. My bet is still on the Hiranandani's.

[hugepants] 11/5/2011 11:29

Yeah I think there is still a large purchaser in the market.

[john henry] 11/5/2011 11:24

Well looks to be cleared.

[john henry] 11/5/2011 09:48

Someone sat on the offer with 5k lots. How big is the iceberg ????.

[nilip] 11/5/2011 09:27

LBO - excellent - thanks!