John Lewis Of Hungerford Share Discussion Threads

[davidosh] 13/10/2023 12:27

The results should be available soon and details of the tender offer.

[macleod_muller] 08/8/2023 06:58

Graham
thanks for taking time to reply much appreciated

[graham1ty] 07/8/2023 08:35

Macleod, the company has undertaken to launch a tender offer in the autumn. They cannot do this until they have a new set of audited accounts, which will be Sept/Oct. They then have to apply to the Courts to adjust their share capital.

Shareholders should all be contacted in Oct/Nov with details of the Tender Offer, the price, and how to apply.

[macleod_muller] 02/8/2023 07:58

I have some shares in this company i believe they have now gone private and there is a company buy back scheme being put in place how does one activate this ?

[nico115] 29/6/2023 15:16

No point replying as this is now off my watch list Ciao x

[nico115] 29/6/2023 14:59

You're the idiot for not buying this at cash !Printed at 0.65p and you missed it ..cry elsewhere Grow up

[nico115] 28/6/2023 17:31

To a stupid post !!

[nico115] 28/6/2023 15:42

Weird ?Traded at 0.65p maybe you're weird ?!! Lol

[my retirement fund] 28/6/2023 15:30

Well I have had a limit order in with AJ Bell since Monday for 1p but can see nothing has been filled, so I can't imagine how you are buying anything here ? Very weird.

[nico115] 28/6/2023 12:53

That's me finished buying Now I pray for a yearly dividend of 0.1p ?

[kash_] 21/6/2023 11:50

Not as much as you but I took advantage today under 1p

[nico115] 10/6/2023 12:25

I added substantially at 1.05 Bought into 2 delisted companies IBpo and JlhHope I don't need liquidity any time soon : (

[davidosh] 08/6/2023 12:21

There is still a vote to take place with 75% needed for the delisting...I think it is the sensible option as the company is too small to cover the onerous cost of being listed

[davidosh] 08/6/2023 11:40

The market makers are really making out like bandits.

If anyone wants to sell and cannot wait then my broker has an order in at 1.10 so just message on here and I will arrange for your sale to be completed at that price.

[kash_] 08/6/2023 11:35

Exactly. I'd buy their shares at that price given the chance!

[graham1ty] 08/6/2023 11:27

Why are people selling at 1.05p when there should be a Tender Offer at 1.5p in just a few months ?

[nico115] 11/5/2023 15:02

Cos we have the best non exec in the city Can we trust ienerhuser to do the same I hope so

[davidosh] 11/5/2023 14:48

Just copying this from Paul Scott's morning report and I totally agree....Well done to the board in providing a good solution for all shareholders...

John Lewis of Hungerford (LON:JLH)
Down 9% to 1.35p

Market cap £3m

Delisting, sale & leaseback of property

A very sensible announcement, explaining why this £3m mkt cap tiddler thinks the costs (£250k) of keeping its listing are not worth it. I completely agree, and never understood why this small upmarket kitchen seller was listed in the first place!

Also, it's doing a sale & leaseback on a £3m property, and paying down an expensive £1m loan, an interest saving which will largely offset the new rent payable. That also makes complete sense to me.

A tender offer for up to 10% of the company's shares will be made available, and an intention to do more in future, once it's a private company. In my opinion this all makes total sense, and looks a fair way to exit the market. Note that shares have recovered from recent lows, so the exit price c.1.5p is OK I think. Also there will be a matched bargain facility set up for shares in the private company to be bought or sold. We need to see more tiny companies leave the public market, there is no sense in keeping shares like this on a public market. Shareholders here should be thanking the Directors for handling this in an orderly way, confirmed with only a 9% drop in share price today, whereas a delisting announcement usually causes a 50% instant negative market reaction, as people rush for the exit.

[georgeghutton] 03/4/2023 16:32

I realise I am the odd one out here, but I just can’t get my head around why everyone thinks it’s so fantastic. Every update is about increasing turnover and how that will lead to a profit. Not an increasing profit, just a plain simple profit. If I may, the update which promised a profit failed to materialise, why ? Sales were up and all the conditions were met. Oh. And this time? Other exceptional non recurring coats. Now how many more of those are there ? That’s just a really weak excuse. On £5.4 m of turnover, a loss of 174k. That’s more than double the last half year’s loss. Why ? Last year it was ‘if they can do 10 it’ll be brilliant and the money will just roll in’ but all that’s happened is they lost even more money. Now it’s 12 million and it’ll be a home Run. I am a die hard optimist, but this is just the same story every update. And as I have mentioned, the strategy of sales the whole time - I accept in plenty of businesses, generally lower market, that is a good strategy. But when margin is your problem, buying turnover at the expense of margin is not a strategy. It’s desperation. I’ve been bearish on this stock for months, and a year ago I actually wondered if I had it wrong. It looked like it might just be turning. Now I know I’m right and it’s just a matter of time.

[davidosh] 30/3/2023 23:54

Agreed...It is all about improving the margin now as clearly they have shown the future orders and popularity is still growing steadily.

I am sure the ability to provide credit finance for customers has helped and also building awareness of their products with good use of social media channels.

Well done to all involved and we look forward confidently to the next full year results to June and hopefully a strong period of sales through the Summer to start of the next year in great fashion.

[graham1ty] 30/3/2023 15:58

Solid results. £12.3m of orders in the year would smash records, though it might not all fall as revenue this year. Now JLH has got to concentrate on margins, as it really should be making profits at that level.

It does suggest that this year should be more profitable than last. And does state: “As we move through FY23, we continue to celebrate 50 years of John Lewis of Hungerford, with confidence that the Company can achieve sustained profitability”

Shareholders should congratulate the Board and look forward with confidence