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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Hurlingham | LSE:HRL | London | Ordinary Share | GB0004485925 |
Bid Price | Offer Price | High Price | Low Price | Open Price | |
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Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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- |
Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
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- | O | 0 | 40.00 | GBX |
Hurlingham (HRL) Share Charts1 Year Hurlingham Chart |
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1 Month Hurlingham Chart |
Intraday Hurlingham Chart |
Date | Time | Title | Posts |
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27/10/2010 | 08:07 | HRL with Charts & News | 19 |
25/10/2010 | 14:09 | Hurlingham PLC and travel | 13 |
06/1/2006 | 18:18 | HRL - a new start?? | 2 |
16/12/2003 | 10:51 | against the trend | 3 |
22/5/2002 | 15:15 | Hurlingham not a sale | - |
Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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Top Posts |
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Posted at 25/10/2010 14:09 by jambo172 Raised from the dead The admission of the enlarged share capital of Manroy Plc to AIM will facilitate the raising of capital to finance the acquisition of Manroy by Hurlingham Plc, pay down debt and provide working capital. It will also assist the development of the business by providing a source of capital and acquisition currency. This would allow management to capitalise on Manroy Plc's position as the only UK-based manufacturer of machine guns, leverage its long-standing relationship with the UK MoD, and explore strategic opportunities at the partner, product and geographic level. Year to Sales PBT EPS EPS DPS Dividend P/E EV/EBITDA FCF Sep £m £m p % p yield % x x yield % 2009A 11.7 2.1 na na na na na na na 2010E* 12.0 2.6 14.3 na 0.0 0.0 5.3 4.9 4.5 2011E* 13.2 2.9 15.7 10.3 2.0 2.7 4.8 3.3 23.1 2012E* 14.5 3.2 17.6 12.0 2.5 3.3 4.3 1.5 26.0 Source: Arbuthnot estimates, company data. Valuation ratios based on Placing price of 75p. *Throughout this document, any reference to figures for FY2010E onwards assume the combination of Hurlingham Plc, Manroy Systems Limited and Manroy Engineering Limited for the entire period and are therefore stated as being pro forma Established market position and depth of relationship with UK Ministry of Defence: Manroy is a well-established name in the UK weapons fraternity, reflected in the key supplier relationship it has with the UK Ministry of Defence (MoD). The depth of this relationship delivers multiple benefits in terms of industry reputation and customer referencing, as well as offering scope to feed additional product and services into the relationship. However, the extent of the current level of revenue contribution generated from this relationship may be perceived by some parties as a risk. Significant scope to mine partner relationships, expand offering and increase geographical footprint: historically, Manroy has had a relatively narrow product range and market focus. We believe there is a significant opportunity to increasingly monetise partner relationships, generate new revenue streams through broadening of the product offering, and expand into new territories. The development of a revenue stream based on long-term spares replacement contracts should also enhance revenue visibility and help mitigate any risk attached to customer concentration, potential order slippage or revenue lumpiness. Strong cash generation and attractive dividend potential: the business generates significant cash flow (we estimate £2.2m for FY2011), creating opportunities for industry consolidation as well as a future incentive for investors of a significant and progressive dividend stream. Valuation: we assume a market capitalisation on flotation of £9.7m, reflecting the agreed terms of the acquisition of Manroy Systems Limited and its subsidiary Manroy Engineering Limited by Hurlingham Plc. This puts the shares of the enlarged group on FY2010E and FY2011E PE multiples of 5.3x and 4.8x, and FY2010E and FY 2011E EV/EBITDA multiples of 4.9x and 3.3x. These metrics represent a material discount to other UK-quoted defence industry participants. Management's intention to institute a dividend policy (we assume a 2.0p payment in FY2011, increasing to 2.5p in FY2012) also offers a potential income incentive. |
Posted at 03/2/2009 10:01 by charo problem is today cash earns zilch.cost of winding up means returning less than cash balance today and may evn be less than current share price.so those who supported placing will suffer loss of around 30% for their pains.a tax advantageous deal is a better oulcome.the danger is any decent private business is better staying that way and the cost of a reverse with an unquoted business could be anywhere between 300 to 500k. |
Posted at 09/4/2008 08:49 by jambo172 Why with recent placing at 75p ie 25% above then price is this still trading in the 60s.Totally clean cash shell with no debt and old directors booted out. Should be trading in the high 70s low 80s IMHO. Reversal deal soon? Then back over £1. |
Posted at 13/4/2006 09:17 by temelco someones got the message - a third party is starting to pick up stock as it becomes available NAV looks about £1.38, and if the Hotel goes for eg £5m ( its on the market at this) that's another 22p making approx £1.50 per share |
Posted at 06/1/2006 18:18 by temelco Hm - who is pushing the price down? |
Posted at 26/7/2005 10:29 by temelco Price has started to move |
Posted at 09/12/2000 14:44 by temelco very solid results with earnings beginning to come through. MUCH more to go for IMHO. The shares have held up well during the slide, and are about 30% up for the year - much better than any of the techs. NAV is still above the share price, and there should be further deals in the pipeline on the travel front ( great earnings, few assets employed) |
Posted at 09/10/2000 09:01 by temelco today monday saw not one but TWO new market makers in HRL - Peel Hunt have joined Teathers and Winterflood. Interesting |
Posted at 08/10/2000 10:49 by temelco As from monday, Teather and Greenwood will be making a market in HRL. This doubles the number of MMs at work and is a very positive signal in terms of developments at the company. T&G are the company's NOMAD, and would be very unlikely to be doing this for a small company unless they expected the number of shares traded to increase sunstantially. In the last year only some 165,000 shares changed hands out of 1,552,000, so T&G must expect that this will rise dramatically. Just a thought. |
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