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HDT Holders Technology Plc

50.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Holders Technology Plc LSE:HDT London Ordinary Share GB0004312350 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 50.50 1.00 100.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Holders Technology Share Discussion Threads

Showing 851 to 875 of 1250 messages
Chat Pages: Latest  38  37  36  35  34  33  32  31  30  29  28  27  Older
DateSubjectAuthorDiscuss
27/3/2015
08:13
I say just put the company up for sale...no scale here...
diku
17/3/2015
15:50
Time will tell!!!
donemyhomework2
17/3/2015
13:51
Yes I noticed that as well the odd small buys going through last few days....any takeovers or a contract win....
diku
17/3/2015
11:58
Something brewing here since yesterday!!!
donemyhomework2
09/3/2015
22:57
& the Chairman is getting on.
russman
09/3/2015
11:31
I've looked at this company several times in the last few years and have never been tempted to invest, in spite of the discount to current assets.

Their areas of business are highly competitve and favour larger concerns than HDT. They are very unlikely to sustain profits, much more likely to sustain losses. Asset value is going to reduce y-o-y most likely. And the real worry must be of heavy losses, if margins worsen.

Then there's the risk they are taken private, a real one, even though they have used their listing to raise cash from equity in the past.

cjohn
04/3/2015
07:55
This company should just put itself up for sale...any possible takers out there?....
diku
24/2/2015
17:03
I believe that the Chairman went to the School of Hard Knocks not Management By Abacus.
russman
23/2/2015
10:18
Holders Technology: February 2014 update:
The annual report to 30th November landed on my mat last week. The managers still do not have a grip of this business. They managed to lose money in just about everything they did. I do wonder if they have fully taken on board the value-management precepts:
1.First, figure out how much money you have tied up in a line of business, e.g. LED sales in Germany
2.Second, work out how much return you should be generating each year from that capital, currently I would recommend a figure of around 8% for most companies and activities within companies.
3.Third, see what you are actually generating from that activity as a percentage of capital used.
4.Fourth, deduct the percentage return you are making from the required return. If a positive difference emerges you are creating value.
5.Fifth, to find the value created in pound-terms rather than percentages: multiply the percentage gap above or below the required rate of return by the amount of capital used in that activity. That is the contribution of one year to overall value (obviously a long term perspective of many years of value should be considered, but I’ll be happy if Holders managed only one year as a first step).

It’s not rocket science. But here is sorry profit history (value-based management analysis is usually cash flow based, but we do not need to be too precise here):

£000’s Profit after tax
2008 322
2009 -375
2010 507
2011 264
2012 -87
2013 73
2014 -373

Given so many negative returns I think we can say that the managers have positioned the firm for failure to achieve the goal of 8% on capital employed.

Where the complications come in with this line of thought is ......
ADVFN are not keen on me placing all my analysis on the free BB. It is split between today's and tomorrow's Newsletter explaining why I still hold onto these despite my annoyance at the poor attention to value-based analysis of Strategic Business Units (see
Regards
Glen

profdoc
08/2/2015
12:37
Yes but these have been disappointing. I am sure the company could have been sold for over 2 pounds per share...but no longer. They have 600k in cash and no debt but loss per share was 10p. I would not buy these myself at this price....I see little value here. Maybe a buy at lower levels....20 pence maybe. Remember there is a controlling stake and a real need to sort out who will be running the company soon.

They are just a pile it high company....

barnetpeter
08/2/2015
12:21
The write downs were peanuts.
The BoD believe there is still long term value.

russman
12/11/2014
10:00
I've bought Holders Tech shares for my Deep Value Shares portfolio. While it more than qualifies as a net current asset value share based on BS quantitative criteria only. I had some serious concerns about the business prospects and the judgement of the managers. It will be useful to discuss with others, either in the comments section of my "Newsletter" ( here, some key questions
1. Turnover is the same as it was 10 years ago. Will it be the same in another 5 or 10 years?
2. How good is the management at identifying good business to pursue, i.e. business that will generate a rate of return greater than the cost of the capital (say 8-10%) used for that area of activity? Do they have that discernment?
3. Do they have the courage to liquidate the firm if the trading prospects remain poor?
4. What is the risk that the firm will be taken private?
5. Very thinly traded – can I exit without moving the price against me?

If you have alternative views, additional information or different weighting of factors please let us know. (The analysis on the Newsletter runs to 1601 words so unfortunately I cannot post it all here - ADVFN will not let me)
Glen

profdoc
10/10/2014
13:08
After todays news it will.
blueball
02/7/2014
09:31
This could well be better off being taken over...
diku
09/6/2014
14:13
Decided to dip my toe in the water here in the hope the LED operation really does gain momentum and increase operating profits substantially.
playful
01/5/2014
15:35
And up today after ex divi...a bit of good news and this could go all the way up back to 100p
diku
30/4/2014
11:03
Gone xd today hence the fall.
donemyhomework2
25/3/2014
17:20
A bit action today and the price finally closes flat...
diku
20/3/2014
23:17
Ok who sold 1 share?...or is that some kind of a coded message!!..
diku
20/2/2014
07:37
Good to see that the Chinese Sub has been disposed of!! It was jam tomorrow stuff so its nice that is now out and they can concentrate on LED and PCB in Europe.
donemyhomework2
22/1/2014
12:43
Holders is still cheap even if you discount inventory imo.

I usually work net net out by 1) calculating the net working capital and applying a suitable margin of safety and 2) discounting inventory (fairly heavily in most cases) and receivables (lightly in most cases). I don't subtract another margin of safety after these discounts.

In most cases it's very hard to find a company that qualifies as an investment under the second method.

liarspoker
22/1/2014
11:53
Yes, that's not encouraging, particularly as there seems to be fierce competition amongst LED vendors like HDT.

The actual business doesn't look promising in either segment.

cjohn
15/1/2014
14:21
I am sure they mentioned that once they got into LED that their cash would reduce due to more stocks needed.
donemyhomework2
15/1/2014
11:54
From half-year report.


Cash 542k

Inventory 3025k

Receivables 2627k


You're right, donemyhomework2.

But I have a thing about cash. There's not much of it. So still not THAT atttractive to me. But can't deny if it went lower, i would be interested.

cjohn
13/1/2014
07:59
There are as much stocks in current assets as there are cash and debtors, so I am not sure I agree.
donemyhomework2
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