Seneca Growth Capital Vct Share Discussion Threads

[greengiant] 26/8/2004 19:47

Barryrog - 2 x 100k and 1 x 20 odd k.
Will have a look at MPH - Ta.
This depends entirely on how much profit they believe swayfields will generate. Forecasted earnings of £5m @ a multiple of 4 add the Swayfields and you are looking at 100% +. Will try to post more in depth analysis tomorrow.

gg

[barryrog] 26/8/2004 19:42

good on you mate,
you must trade thru T D waterhouse who go thru virtex which don't show up on trading screens.be very interested in your research.
if you don't hold MPH,take a look,AGM in 2 weeks, interims october.
its my best share,great co. and mgt,bought 100,000 in july 2003 at 7p.
rgds

[greengiant] 26/8/2004 19:25

Barry - Bought 220k today on top of the 80k I all ready owned. Took me a while to go through their accounts, and try to work out what the potential was here. When the price first rose this morning, i thought now was the time to get in and bought. For once my timing was spot on. Just going to do some sums on NAV.

gg

[barryrog] 26/8/2004 18:43

greengiant,
you said earlier the MMs don't want to play anymore.what did you mean?
christ, the peeps buying 50,000 shares today were either in the know or bloody lucky.
i hope you were holding and make a killing.its about time the small guys came out on top,the big boys are just playing with co. money,not their own.

[greengiant] 26/8/2004 18:09

Rest assured with the NAV and the perceived value of Swayfields, the bid approach will be at a significant premium to the share price.

:-)

gg

[barryrog] 26/8/2004 17:50

Derizzo,
many thanks for your feedback.
i was gonna say that surely you are covered by the 10 year NHBC guarantee for new properties.but now.....
they say every cloud has a silver lining and it looks like, as a reluctant shareholder,you are about to very well rewarded.
i certainly hope so.
good luck mate.

[aderemi] 26/8/2004 17:36

PRESS RELEASE

26 August 2004

Honeygrove Group Plc

The Directors of Honeygrove Group Plc ("the Company") have noted an increase in
the share price of the Company's ordinary shares.

The Directors announce that a preliminary approach has been made to the Board
which may or may not lead to an offer being made for all the issued share
capital of the Company.

The shareholders are advised to take no further action.

[greengiant] 26/8/2004 17:35

Well - That answers that question

gg

[derizzo] 26/8/2004 13:20

you might be barryrog. I live in one of their properties. From my perspective, the company has not finished the waterside development and no-one is sure why. The whole development has apparently been disappointing to them. I have been concerned that they are not fulfilling their obligations to housebuyers because of cash flow problems. By not spending, the paper profits might look better. I really don't know the whole story and none of us can find out. All I know is that i would never contemplate buying a property from these people ever again and the discontent is certainly not limited to us. We have also heard that there are pople in one of the Maidstone developments taking them to Court. We heard this direct from the solicitors involved, but of course that does not necessarily mean it is true, they might just have been after our custom. I am as interested in anyone in seeing these shares rise as I bought the shares before I bought the house. But they are clearly very canny operators and this might actually bode well for shareholders if not for folk like me who foolishly bought one of their properties. But from what i can glean, new houses are giving rise to a lot of problems from many builders developers etc. Invest perhaps but never buy a new house, that's all we've discovered.

[barryrog] 26/8/2004 11:36

hi greengiant,
i've been researching this share and the Brokers analysis shows:-

concensus Buy

Y/e sept 2004:-

sales 33.0m
profit 5.4m
div 0.60p
eps 3.10
p/e 3.25

am i missing something here?

[greengiant] 26/8/2004 11:22

The MM's don't want to play anymore
:-(

gg

[greengiant] 26/8/2004 10:27

Why no interest?

gg

[hybrasil] 23/8/2004 11:40

Share price continues to fall. I expect further falls until this company starts making profits. As I said before I might have a good look if it falls to 5 or 6p

[hybrasil] 03/8/2004 16:18

looks like the market agrees with me. Imight buy back in again if it falls to 5/6p

[hybrasil] 29/7/2004 09:29

look how wrong RAB itself can . You could have really made a lot of money shorting this share (ieRAB)

[hybrasil] 11/7/2004 21:51

i think this has to fall

[hybrasil] 04/7/2004 19:26

dunnie. Mr J is quite a fan of honeygrove and indeed posts on this board.
My broker has to told me to wait before buying RAB.
As to their holding in Honeygrove it really depends on the NAV which I have some difficulty in working out. I have sold my entire holding in Honeygrove as I felt it would simply take too long for it to be of value.

[dunnie] 04/7/2004 08:40

Edmond Jackson has tipped Honeygrove in today's Telegraph whilst pointing out that RAB Capital's special situations fund holds 24% plus substantial warrants, he believes if management don't deliver respectable progress, RAB Capital holding may be of interest to predators.
RAB seems like a good each way bet from where i'm standing.

[hybrasil] 28/6/2004 07:46

surprising we didnt hear anything following the press meeting.

[hybrasil] 20/5/2004 08:58

EJ
I know Swaylands and it is a smashing site.
I just dont think they have the money to do it.
You probably saw they couldnt sell the appartments in that lovely post office development and the directors ended up buying them. I would guess the reason being to assist the company.
Until they announce what they are going to do with swaylands there is way too much risk here.

[shawzie] 19/5/2004 10:41

I sold 20,000 @ 11.5p around 10.15a.m. this morning and the bid price dropped
immediately to 11.0p.
However, I have yet to see the sale showing on L2.
Sale now through and bid back to 11.5p.
NAV per share too low relative to market price for my liking.

[edmondj] 19/5/2004 09:04

I've said lots of things about Swaylands, and continue to (www.citywire.co.uk). Press meeting scheduled there for mid-June, which hardly implies they have gone into hiding about it. However I recognise some investors are perturbed by aspects of the group, such as the extent of related party interests in the annual report. Still an intriguing special situation, in my opinion.

Regards,
EJ

[hybrasil] 19/5/2004 08:45

The people who are pushing the price up obviously are not reading this board. Even Edmund Jackson didnt say anything about Swaylands