(HRCO) Hirco

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04-04-13	Offer in feb ?	farmerdave


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BIt late but offer rumour http://timesofindia.indiatimes.com/business/india-business/Hiranandani-offers-to-buy-out-London-listed-arm-Hirco/articleshow/18360019.cms More View thread 1 Respond Login to Vote up
09-01-13	Price rise	farmerdave


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Up at 50 again due to Bader buying in I suppose. Suprised by 0 comments on here Cheers Dave More View thread 1 Respond Login to Vote up
14-06-12	poor results and cowboy builders...	huzzah


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http://www.yourmoneysite.com/news/2012/may/credai-and-builders-rift-over-code-of-conduct.html Its a long term gamble! More View thread 1 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
24-05-12	UPC news	farmerdave


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Given UPC news and current valuation have just topped up - still not major invest but something that can be tucked away for years - they have cash for 4 years at least which is worth 16p a share Farmerdave More View thread 1 Respond Login to Vote up
19-03-12	Trades	farmerdave


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Nice round lots going through this morning - close on 65 - info due out ? More View thread 1 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
29-02-12	Re: market cap 55mill valuation 550miill	forwardloop


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written down to £250m ie 250 pps now . And that is the problem. Arguments over value and family rifts = uncertainty. But I for one think there is still longer term value here. Just can't see the immediate catalyst to unlock it. When it comes though I presume it will surprise us all! Todays Annual report http://www.rns-pdf.londonstockexchange.com/rns/3229Y_-2012-2-28.pdf More View thread 2 Respond Login to Vote up
16-02-12	Buy market cap 55mill valuation 550miill	one4all


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its a no brainer//BUY More View thread 2 Respond Login to Vote up
01-02-12	Large buy	jersey3


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Interesting £600,000 buy today More View thread 1 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
16-01-12	Buy RNS	nicoforever	1


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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. More View thread 1 Respond Login to Vote up
27-11-11	Re: Board Report	spurslegend


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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 More View thread 2 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
10-11-11	Board Report	jersey3


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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. More View thread 2 Respond Login to Vote up
10-11-11	Board report	farmerdave


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Is it just me or have the board said they have no information or clarity of plan ? Can anyone tell me what the flick they are being paid for ? Thanks More View thread 1 Respond Login to Vote up
25-10-11	Buy Re: Weiss increase stake	menfrommoyse


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Weiss stake only a positive, but still the issue that the AIM-listed entity has virtually zero recourse to altering the structure of the parent. The share price looks like an option based on the chance that the family are not complete crooks/internecine warfare will result in change for the better and the value will eventually be realised. More View thread 3 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
24-10-11	Buy Re: Weiss increase stake	spurslegend	1


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yup, Weiss are up to 25% AND have a man on the BOD..............add to that the oversold RSI and the fact that the NAV update ( currently @ 714p) for year end 30th Sept is due from the strategic review means I bought @ 55p this morning after watching for last 2mths More View thread 3 Respond Login to Vote up
02-08-11	Buy Weiss increase stake	huzzah


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Weiss will hopefully start to push for some change in the way Hirco are run - all good news IMHO. PS First time I have been able to get on site - lse now much better - iii shooting themselves in the foot with this new version! More View thread 3 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
29-07-11	Interesting week	huzzah


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SP up by over 10p, much higher volume being traded, role on next week! :D More View thread 1 Respond Login to Vote up
29-07-11	Re: So whos buying	kramch


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more importantly why? Can anyone with L2 see how big the trades were? K. More View thread 2 Respond Login to Vote up
28-07-11	Hold So whos buying	huzzah


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Started yesterday and carried on today the question is who? More View thread 2 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
06-07-11	Weiss holding	alpal


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Now that Weiss holds nearly 15%, is there any chance they can sort out the factions in this company? More View thread 1 Respond Login to Vote up
05-07-11	article	huzzah


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http://www.mydigitalfc.com/companies/hirco-seeks-nod-raise-%C2%A312m-693 More View thread 1 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
28-06-11	General meeting	alpal


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What chance of anything positive coming out of the meeting today? There seems to be no point in looking at the NAV of 500p while the business is in the hands of disfunctional enemies. Guerilla warfare being operated on the turf of our company? More View thread 1 Respond Login to Vote up
14-06-11	Sun Express	forwardloop


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Reports the founding family are calling for management to step down following the announced fundraising, Family is led by construction tycoon N Hiranandani. Says fundraising could have been avoided if a merger deal had been agreed more quickly. Scathing open letter to HRCO chairman, intent to oppose the fundraising. EGM 28 June The family are HRCOs key counterparty in a merger designed to secure its future. They say - no merger without mgt change. Called on 2 snr non exec Dir to resign. HRCO listed on AIM in 2006, raised £383m. Stock has plummeted since in part due to a number of controversies regarding corporate governance. More View thread 1 Respond Login to Vote up
10-06-11	Re: NAV over 700p	noidea1960	1


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NAV can be deceiving. This is an investment comapny invested in another company through preference shares. What you dont know are the off balance sheet debts in that other company. Its a bit like an investment trust investing in one company and declaring a NAV based on the share holdings x the SP of that invested company which might show there to be say a 59% discount to NAV. Sounds good until you see the shareholding is in HMV. If something looks too good to be true it generally is too good. Not saying there is not potential here but there is risk as well. More View thread 2 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
02-06-11	Re: 50pps Placing	positive999


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this is set to plunge because of this embarrassing placing. How can a compny value itself so low and then not allow all shareholders participate. Anyway, I think this could fall below 50p giving all of us a chance to think whether to top up or no. More View thread 2 Respond Login to Vote up
02-06-11	50pps Placing	forwardloop


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After-hours announcement http://www.investegate.co.uk/Article.aspx?id=201106021736467875H £12m @ 50p ps (24m new shares) Notice its a placing not Rights issue. So the non favoured see their NAV diluted existing shares = 76.5m , to inc to 100.5m NAV diluted 31.5%, knocking 217p off NAV to 490p?? Ironically will we see the share price increase and discount to NAV reduce now that some uncertainty has been removed? Fwd More View thread 2 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
26-05-11	Summary	forwardloop


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Hirco downsizes to reduce costs Indian property investor Hirco said it has essentially achieved its intention to downsize operations and reduce operating costs to below £2m a year. The company, which invests in residential and commercial buildings in Panvel and Mumbai, saw profits in the half year to 31 March fall to £27.2m from £36m in the same period the previous year. Hirco says that following the downsizing, its annual expenditure falls to about £1.6m. "We have also continued to explore with our advisers and certain key shareholders raising additional funding to meet Hirco's working capital requirements for the medium term and to help it meet its strategic goals," it said. "A further announcement regarding these matters will be made presently. " Sharecast More View thread 1 Respond Login to Vote up
24-05-11	NAV over 700p	positive999


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amazing how the share price is at 65p where NAV is 700p. Today's result hints at possible sale which could be quick return for shareholders that enter now. More View thread 2 Respond Login to Vote up
27-03-11	Sunday Express	SpikeyDT	1


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27.03.2011 - Comment Sunday Express ...Concerns over the regulation of Aim-listed stocks has resurfaced, with fears by a HIRCO shareholder that a 30% stake held by a Middle East investor could be dumped on the market. http://www.weekendcitypressreview.co.uk/subscriber/article/id/73494 More View thread 1 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
14-02-11	Re: Back in at HRCO	spurslegend	2


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not in any more !!, don,t mind the hit taken, just part and parcel of investing. Another wishy washy HRCO statement. gluck all, making money on HRCO was n,t quite so easy the 2nd time round !! LOL i will re-asess later in 2011, sold @ 67p a few mins after RNS More View thread 5 Respond Login to Vote up
07-02-11	Re: Back in at HRCO	spurslegend	1


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got quite a few from 70p+ over the last 3mths and have a 85p average. I will wait as long as it takes, i made good money trading HRCO up to 200p in early 2010 after buying @ c.60p @ bear market lows More View thread 5 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
07-02-11	Trades	jersey3


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This share seems to move inversely to the trades - mostly sells and the sp goes up. More View thread 1 Respond Login to Vote up
06-02-11	Re: Back in at HRCO	LINTON5


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Hi riddler long time since i bailed at 140 with a 1k loss,if you dont mind me asking how many of these have you got since you been topping up for a year on the downward spirral,could be basing again but we thought that at 140s its been a dog u must admit More View thread 5 Respond Login to Vote up
01-02-11	Re: Back in at HRCO	spurslegend


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hi mate, added more today @ 71p. gluck for 2011 fella More View thread 5 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
28-12-10	A professional chairman would serve inve...	alwaysresearch	1


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A professional chairman would serve investors' best interests: Niranjan Hiranandani MINT sourced by HT Media Ltd / 09:53 , Dec 28, 2010 Niranjan Hiranandani has resigned as chairman of real estate investment company Hirco Plc, listed on London's Alternative Investment Market (AIM), as the Central Bureau of Investigation (CBI) looks into allegations of irregularities in the handling of employee provident funds at his Indian companies. He had offered to resign once earlier, but Hirco's institutional investors such as HSBC Holdings Plc and Standard Life Plc refused. http://www.indiainfoline.com/Research/LeaderSpeak/A-professional-chairman-would-serve-investors-best-interests-Niranjan-Hiranandani/22825495 More View thread 1 Respond Login to Vote up
22-12-10	Back in at HRCO	mantrova	1


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Hi spurs. Hope all's well with you. Long time no chat, but I chipped back in here today at a smidgeon over 70p....been eyeing them for a couple of months now. Last time I was here was for a quickie.....Jun-July 2009 (98p>120p). Happy to be back to see what happens. Best wishes m More View thread 5 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
22-12-10	Re: HSBC - 118p	forwardloop


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yes - for my sins. At pre consolidation prices so I had rather written them off. But I see they are rationalising the business (gong for the medical side now) margins are up Cash is c£2m note with 51 m shares mkt cap is 31.7m @3.25pps) Worryingly Cazenove are selling down from 20%. how much more togo and why? Had they been buying then so would I. Posted on IDM BB as well More View thread 3 Respond Login to Vote up
16-12-10	Re: HSBC - 118p	alwaysresearch


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forwardloop do you still hold idm see you posted there a while back i bought some today up on no volume More View thread 3 Respond Login to Vote up
16-12-10	HSBC - 118p	forwardloop


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Maintain 118 p overweight tgt http://www.igmarkets.co.uk/content/files/ukratings_16dec_igmpm.pdf More View thread 3 Respond Login to Vote up Trade this long or short with an interactive markets spread betting or CFD account.
09-12-10	Confused	jersey3


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Sales of 41,000, buys 6,000 and the share price up 8%. More View thread 1 Respond Login to Vote up
15-11-10	Re: Final results soon ?	merry800


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Its like as if the board trying to push sp down. More View thread 5 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
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