(HRCO) Hirco
Summary
Buy UK shares for just £1.50. No hidden charges, admin or inactivity fees
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| 16-01-12 | RNS |
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RNS Number : 6091V Hirco plc 16 January 2012 News Release 16 January, 2012
Announcement regarding Cushman Wakefield Valuation
LONDON - Hirco PLC (AIM: HRCO), announces that it has received from its joint venture partner, Hiranandani Developments Private Limited ("HDPL"), a Cushman & Wakefield International (CWI) valuation report regarding the Panvel and Chennai development projects. The CWI report values the Panvel and Chennai projects at a total amount of £556m based on what they term best use assumptions.
Hirco previously released a report from its own valuers, CBRE, which valued the projects at £343m based on "current development assumptions." The CBRE report also valued the projects at £501m based on best use assumptions. The primary reasons for the difference between CBRE's £501m valuation figure and CWI's £556m valuation figure are that CBRE uses a higher cost of capital than CWI while CWI makes more aggressive assumptions regarding the absorption of product into the Panvel and Chennai markets.
Contacts:
Hirco Plc Nigel McGowan Company Secretary
Singer Capital Markets Limited (Nominated Adviser) James Maxwell (Corporate Finance) +44 (0)20 3205 7500
ENDS This information is provided by RNS The company news service from the London Stock Exchange More |
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| 30-12-11 | RNS |
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RNS Number : 8262U Hirco plc 30 December 2011 Second Price Monitoring Extension A second and final Price Monitoring Extension has been activated in this security. The closing auction call period is extended in this security for a further 5 minutes. Following the first price monitoring extension this security would still have executed more than a pre-determined percentage above or below the price of the most recent automated execution today. London Stock Exchange electronic order book users have a final opportunity to review the prices and sizes of orders entered in this security prior to the auction execution which will set today's closing price. The applicable percentage is set by reference to a security's Millennium Exchange sector. This is set out in the Sector Breakdown tab of the Parameters document at www.londonstockexchange.com/tradingservices This information is provided by RNS The company news service from the London Stock Exchange More |
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| 30-12-11 | RNS |
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RNS Number : 8243U Hirco plc 30 December 2011 Price Monitoring Extension Today's closing auction call period has been extended in this security by 5 minutes. Auction call extensions give London Stock Exchange electronic order book users a further opportunity to review the prices and sizes of orders entered in an individual security's closing auction call before the execution occurs. A price monitoring extension is activated when the matching process would have otherwise resulted in an execution price that is a pre-determined percentage above or below the price of the most recent automated execution today. The applicable percentage is set by reference to a security's Millennium Exchange sector. This is set out in the Sector Breakdown tab of the Parameters document at www.londonstockexchange.com/tradingservices This information is provided by RNS The company news service from the London Stock Exchange More |
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| 06-12-11 | RNS |
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RNS Number : 3812T Hirco plc 06 December 2011 News Release 6 December, 2011
Announcement regarding year end results timetable
LONDON - Hirco PLC (AIM: HRCO), announces that the release of its full year results to the year ended 30 September 2011 has been delayed because Hirco's joint venture partner has stated that it will be unable to provide the information requested by Hirco's auditors until mid-January 2012. Based on this timetable, Hirco now expects to release its full year results no later than 28 February 2012.
Contacts:
Hirco Plc Nigel McGowan Company Secretary
Singer Capital Markets Limited (Nominated Adviser) James Maxwell (Corporate Finance) +44 (0)20 3205 7500
ENDS This information is provided by RNS The company news service from the London Stock Exchange More |
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| Result Pages: 1 | ||||
| Date/Time | Subject | Author | ||
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| 01-02-12 | ||||
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Interesting £600,000 buy today
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| 16-01-12 |
Buy
RNS
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Announcement regarding Cushman Wakefield Valuation
LONDON - Hirco PLC (AIM: HRCO), announces that it has received from its joint venture partner, Hiranandani Developments Private Limited ("HDPL"), a Cushman & Wakefield International (CWI) valuation report regarding the Panvel and Chennai development projects. The CWI report values the Panvel and Chennai projects at a total amount of £556m based on what they term best use assumptions. Hirco previously released a report from its own valuers, CBRE, which valued the projects at £343m based on "current development assumptions." The CBRE report also valued the projects at £501m based on best use assumptions. The primary reasons for the difference between CBRE's £501m valuation figure and CWI's £556m valuation figure are that CBRE uses a higher cost of capital than CWI while CWI makes more aggressive assumptions regarding the absorption of product into the Panvel and Chennai markets. |
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| 27-11-11 | ||||
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yep, as i said on LSE, i sold minutes after the report @ 56p for a 3% gain !!
see LSE as ridler |
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| 10-11-11 | ||||
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Having always taken comfort from the high net asset value, this report is certainly worrying. I agree they don't seem to have a clue.
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They have not been approved or issued by Interactive Investor Trading Limited.
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