Holders Technology Share Discussion Threads

[hugepants] 23/7/2003 09:45

Just call me GiganticUnderpants. And who is Rowan Dartington? I like his estimates though.

IMO results look pretty good and the market seems to like them. Company now at break-even since the now sold Justfone contributed an 86K loss to the results. Very strong balance sheet but the big bonus is the 2p interim dividend. Happy to hold longer term now. Only 1 MM though and the spread is not sensible.

[irresponsible] 23/7/2003 09:09

Interesting, Mr Pants, or may I call you Huge.
Rowan Dartington gives EPS estimates for 03 of 3.9p and for 04 of 9.00.
I would have to agree with you.

[hugepants] 18/6/2003 09:56

I thought the disposal of JustFone was good news (RNS 13th June). Frankly I thought it was almost worthless because it was lossmaking. However they've got a few hundred grand for it.

I also liked the last paragraph about building a pre-eminent position in the sector. Its positive and suggests, to me anyway, that current trading is OK. IMO the current market cap implies current trading has fallen off a cliff.

"Faced with conflicting investment priorities, Holders has decided to concentrate on the printed circuit board materials business, where we are building a pre-eminent European position in our sector."


Ramp over (for the time being!).

[hugepants] 13/6/2003 00:07

Holders technology are a historically profitable provider of specialised materials, equipment and services for the electronics and telecommunications industries. Best to look at the website at www.holders.co.uk to get a better idea of what they do. You can also download the annual report.

Current price of 40.5p gives a market cap of 1.68M on 4.15M shares in issue.

For final results to end of November turnover of 9M and posted small loss of 120K. Company paid a 2.5p dividend as a sign of confidence for the future. Cash flow positive to the tune of 0.9M.

Net current assets of 2.9M = 70p
Net tangible asset value of of 4M = 100p
Freehold property of 520K (worth 12.5p) on the balance sheet

Announced an acquisition before the year end of an unpronounceable German company. This unpronounceable had 4.5M of turnover and 21K of operating profit for 9 months to end of September 2002. So HDT now has annualised turnover of 15M.

Weinrich the CEO holds 50% (2M) shares, Eaglet Investment Trust owns 20% so there cant be many shares floating around.

The spread is rank, apparently because there is only 1 market maker. Assuming current trading is OK then company is clearly far too cheap. In my experience companies at this market cap with 15M revenues have an asset deficit. Negatives are the lack of liquidity and the CEO owning 50%.

[hugepants] 12/6/2003 18:32

Illiquid but there is actually quite a lot of stock around. You can buy 0.25% (10000 shares) online. Heres why.


=========================================


RNS Number:2634M
Holders Technology PLC
12 June 2003

Holders Technology plc announces that it was today informed that Eaglet
Investment Trust plc disposed of 100,000 shares in the Company on 10 June 2003.
Following this disposal Eaglet Investment Trust plc now holds 563,040 shares in
the Company representing approximately 13.585 per cent. of the issued share
capital.


This information is provided by RNS
The company news service from the London Stock Exchange
END

[hugepants] 12/6/2003 13:05

Some info on the acquisition just before last year end.

============================================================

Holders Technology plc Acquisition 27th November 2002Holders Technology plc announces that it has reached agreement with Cimatec GmbH Produkte für Leiterplatten (Cimatec) to purchase the assets and business of Cimatec's materials division. Cimatec, which is based near Frankfurt, Germany, provides materials to the printed circuit board industry in Germany and other European countries. Commenting on the agreement, Holders Technology Chief Executive, Rudi Weinreich, said: "The acquisition of the Cimatec materials business will strengthen Holders European coverage to the PCB industry. Cimatec has a strong product range and excellent production facilities that are highly complementary and an excellent strategic fit with the existing Holders Technology business. The PCB industry remains depressed and further consolidation is inevitable. We are alert for additional opportunities and it remains our intention to strengthen our links to the Far East." Holders has formed a new 100%-owned subsidiary, called HT Cimatec GmbH to acquire the Cimatec materials division. The assets to be acquired consist of fixed assets, stock and the outstanding order book. Total consideration is Euro 1,131,000 (approx £716,000) payable in cash of which 70% is payable on completion and the remainder after three months. In the 9 months to 30 September 2002, Cimatec's materials division had sales of Euro 7.3 million (£4.6 million) from sales of drilling materials, laminate accessories, copper foils, solder masks and lacquers. For further information please contact; Mr Mike Batsch on the telephone number noted below or on his mobile; 07770 946 135

[hupper] 29/11/2002 10:32

This should be a confidence booster, can't be doing bad if its on the prowl for aquisitions, paying cash and beefing up its assets. Doesn't say anything about profits though.

[stewjames] 18/7/2002 13:52

The market doesn't like the results. At all.

Don't look so bad to me, though. On my watchlist.

[hupper] 18/7/2002 13:51

Quite good results, strong balance sheet with an increase in cash to £350,000, Justfone looks as though it could pay off and even a small profit overall. I'm pleased, any comments looks well placed for an upturn?

[hupper] 03/1/2002 16:05

Telecoms are back in favour , going up on very small volumes, no news otherwise. I believe I'm going to get my money back on this one and possibly more.

[jhan66] 03/1/2002 15:23

Up 25% in 2 days

Any news -takeover / Peter Webb Top-up / Co. split ?

[hupper] 19/11/2001 20:43

Missed that one , cheers jhan, noticed justfone is supplying the scottish premier league site with its text messaging service. I think holders assets are a fair way above the current price so I'm looking forward for another rise.

[jhan66] 19/11/2001 13:16

Takeover rumour quoted 16/11 in Independent.

[jhan66] 15/11/2001 19:58

Hupper,
Yes -still holding. Couldn't let a 27% rise pass by without comment.

[hupper] 11/11/2001 19:52

Time to buy again ? Chairman , finance director and non-executive director buying. Seems to show things cannot get any worse and may be getting better. Anyone else still holding this?

[jasey3] 21/10/2001 04:22

CHECKOUT EINSTEIN TV EPIC EIC ITS FLYING

[hupper] 15/8/2001 16:26

Nope nothing wrong - only a director buying- i noticed he bought almost immediately after the 8,000 sale, must be a bargain !

[jhan66] 14/8/2001 21:05

Big drop & no sells. Seems to me we'll get to hear the bad news in next couple of days.
Appreciate it if you'd Post if you find anything out. I think there's only a couple of us (& Peter Webb?)

[hupper] 14/8/2001 16:08

quite a drop today , anyone know what is going on?

[hupper] 22/7/2001 22:22

I'd like them to separate justfone simply because if something goes wrong with either one they will both be severly affected. I'm certainly optimistic about the prospects of the justfone products and if the products are good enough hope to see some partnerships. Its good to have the support of Peter Webb and his Eaglet investment trust.

[jhan66] 21/7/2001 22:27

Telco's & software related telco's having hard time & forecast to get harder yet. Do you think they might sell Justfone or partner with a more directly IT related company. Think I'd be more cofortable with this. Leave them to concentrate on growing core.
Bought after profit warning, planning to jump before results but didn't gain sufficiently. Now I'm back at cost & plan to sit it out a while.

[hupper] 17/7/2001 15:05

Great to see the dividend still being maintained at such a high level , high asset backing- 24% discount to share price . Very interesting new mobile software division who's products are being well received , drop off in orders leveling off, WEBB holding near 30% of stock . Good recovery play. I've been holding this for quite a while now , seeing my investment go to a 25% paper profit to a 30% paper loss !!! - holding on simply for the Justfone division and high dividend.

[dmhzx] 19/6/2001 20:23

Any idea what happened at about 3pm today? This one and three more in my portfolio had a sudden and significant bid drop, despite no apparant selling activity. In this case 100% buys today, and the bid drops about 6%. (and that wasn't the worst).
Are these MMs just targetting me or what???

[ntv] 16/6/2001 15:01

lucky i sold before the drop still this one is tightly held so movements will be big

[hupper] 14/6/2001 16:57

Wonder if its the mobile division that has caught Webbs eye ??