Hirco Share Discussion Threads

[praipus] 21/5/2011 18:56

PJJ71 yep Laxey left in July 2009 as far as I can tell

[pjj71] 21/5/2011 17:11

IMO, HSBC are in bed with the Hiranandani Brothers on many projects across india (If you look at Hirco (NOT HRCO) website and the HBs other building companies) probably to the tune of billions of US$... AND HSBC have made millions out of HRCO in corporate fees etc..

However with Hiranandani out of HRCO, HSBC clearly realise a serious show down is on the cards which could see HRCO plc getting very nasty with the HB.. The last thing HSBC want is to be seen to be voting against the HB brothers for the sake of millions when their corporate relationship is worth multiples....

Dont forget laxey only gave up because Hiranandani refused to stand down.. He's gone and Weiss are now having another go... I wish them all the best!!!!

[praipus] 21/5/2011 10:05

Good question, why is a HSBC selling?

The new director looks interesting he is on the board of OTM and BKSA both have Weiss & QVT holding sizeable holdings and OTM even has a Weiss Non Exec Director!



The words law enforcement & liquidation in the RNS seem to stand out...

[bones30] 20/5/2011 23:20

PJJ71 - interesting post thanks, still trying to get my head around this one. Your post summarises the situation well from what I can tell.

One question though, why are HSBC selling if things are looking up?

[bones30] 20/5/2011 23:16

Praipus, regarding the Laxey holding. See the link I posted from Jan 2009 (web.archive.org is a bit useful for things like this).

I reckon they went below 3% judging from this evidence.

[pjj71] 20/5/2011 22:46

The news today could be the turning point.. The Hiranandani Brothers are about to finally get a showdown which they thought they could avoid.. These townships are worth multiples of the NAV (let alone the shareprice!!!) and their greed will eventually be their downfall.. Setting up complex Burke finance structures and delaying the building (totally unnecessarily for the last 2 years) the devious HBs thought they could bleed this company to collapse by increasing the need for new working capital, etc etc.. They have even set up new building entities as they couldnt face paying what is owed here... Like Madoff their day of reckoning is near and the shareholders here will have the final laugh..

[bones30] 20/5/2011 16:43

Interesting, it did say Laxey once.

[praipus] 20/5/2011 16:42

Only Weiss and Liberty here


Nice to see a chart with an end of day tick up though.

[praipus] 20/5/2011 16:37

Neither Weiss no Laxey holdings here but cant tell when it was last updated...possibly not since 2008!!!!!

[praipus] 20/5/2011 16:29

No he's a gambler, dont assume anything.

If he thought something was going on he would have 29%.

There is "a" (one at least) chance this is being sold down for a very good reason.

[bones30] 20/5/2011 16:23

darlocst, can't find their less than 3% crossing RNS announcement.



Maybe foolish but have added here today. L2 improving a touch (people paying more slightly).

Praipus - the iii BB is an interesting read. My theory is Weiss would not buy these without a heck of a good idea about what was going on.

Also the following RNS is worth a careful read:

[praipus] 20/5/2011 16:22

Laxey are on the register here according to digital look.

[darlocst] 20/5/2011 16:14

No, they sold out after doubling their money v.quickly

[bones30] 20/5/2011 16:07

Yes, a very positive step.

Do Laxey still hold?

[darlocst] 20/5/2011 16:06

Good to see Hirco & Weiss working together. Weiss previously put Chapman forward for the board of Cadogan.

[horndean eagle] 20/5/2011 15:48

Looks like the board are getting their act together and bringing on some legal expertise. About time really. Company needs to take this matter to arbitration and stop the Hiranandanis from messing around with us.

[praipus] 20/5/2011 07:48

Wonder who's so desperate to promote it?

[bones30] 20/5/2011 02:07

Re: QED, I doubt its off the radar as such (as HRCO is) since its mentioned in the Daily Mail left, right and centre!

[praipus] 19/5/2011 22:48

QED I think has slipped through the net looks very interesting.

[praipus] 19/5/2011 22:38

Ditched CAD when Weiss or Laxey left and it went up like crazy....should have stayed.

[praipus] 19/5/2011 22:37

Yep too much debt.

Only been following them since End of January see Post 95 on "System Traders Resources Thread" below,



It's been going a lot better than I thought it would.

[bones30] 19/5/2011 21:22

Ouch. Yes, Jim Mellon's got the German thing wrong in the short term too, no?

(not that I've bothered to watch, so I might be wrong).

How's tracking Weiss, Laxey etc going for you? Learnt much?
CAD's one I'm still in from Laxey days, and QED.

[praipus] 19/5/2011 21:18

Lost 25%+ (on the trade) in NBPC Indian property managed by a Jim Mellon associated company few months back. The NAV discount suddenly disappeared just before liquidation due to the NAV falling 25%!!!

Weiss was in there too. There may be some residual with the liquidators but nothings come through so far.