I have started a new thread with a more formal thread title for ease so that everyone gets a chance to get in on this one.

I have copied the last few day's postings from the 'no hobby mags' thread.

If Kelvin MacKenzie is going to make a killing so am I! It's about time I did.


FONTY - 28 Aug 2005 22:33 - 22 of 35
We don't want McKenzie going in through the back door - we want him to make a take over please!
lizard - 29 Aug 2005 09:13 - 23 of 35
only a matter of time imo!- i am sure he has the necessary people around him to make this happen.
FONTY - 30 Aug 2005 08:27 - 24 of 35
I think this is going to be my 2005 Iomart and I am going to enjoy Christmas - fingers crossed anyway. I am surprised this thread is so quiet. But then Kelvin McK has been clever acquiring stock at the most quiet time of year - the week before August Bank Holiday when every man and their dog Spot and kids are in the South of France. Clever stuff.

I spent the weekend with a publisher friend and we went through the mags that HHO have - they have a few which can be really built up and sold for a fortune and the rest are dogs which need to be binned.

We can see what Kelvin is going to do and it is not difficult. HHO's websites are terrible and their subscriptions website is a disgrace - you have to work really hard to part with your money.

Look forward to this and wonder when others will join us Lizard and John50.
belisce6 - 30 Aug 2005 17:00 - 25 of 35
Fonty......i have been trying to work out their market cap, but can't find much on their website.......any idea what it is ?? (post restructure).

I assume that the final part of the current restructuring is the Board changes which are supposed to take effect at end of next month....
WOODIE - 30 Aug 2005 18:05 - 26 of 35
fonty what will you think he will do ,a full take over or a place on the board?
NielsJensen - 30 Aug 2005 18:11 - 27 of 35
Belisce6: I calculate they have around 317,330,979 shares so you can work it out from that.
FONTY - 31 Aug 2005 00:53 - 28 of 35
Woodie - I think he will really develop the lad mag Front and develop some of the prosperous titles - anything to do with boats etc and dump non lucrative titles like Old Steam Engines!

If I was him and I had the opportunity I would take the whole sad affair over completely and make a killing. Get a brilliant team together, marketing team, attractive leggy blonds with brains on board to develop the 'sexy and powerful' mags and hand it over to my friend. He would turn it around in a couple of years and make a few million.

Alternatively, he could try and get a place on the board but let's face it - a man like Kelvin McKenzie - would he really settle for that? If I was him I would want to get rid of the existing board and be the Chairman and create my own Board. I can't see him playing 2nd fiddle - he's not the sort.


FONTY - 31 Aug 2005 09:11 - 29 of 35
B6 - Market Cap is 9 mil - all the best
WOODIE - 31 Aug 2005 10:48 - 30 of 35
fonty what do you think the take out price would be as the last rns has not moved the s/price much.
FONTY - 31 Aug 2005 13:11 - 31 of 35
I wouldn't like to say but I bought in yesterday and I would like to see myself doubling my money at least but wouldn't we all.
FONTY - 31 Aug 2005 16:23 - 32 of 35
17% up from this morning - just made 1K so hope this is just the beginning.
Snip - 31 Aug 2005 16:28 - 33 of 35
I bought this morning on the basis of this chart. The p+f target is so high that it is off my screen


lizard - 31 Aug 2005 19:10 - 34 of 35
didn't they recently reject a 10pps offer?- the company is now better positioned with game win.
ateeq180 - 31 Aug 2005 20:48 - 35 of 35
If thats the case we might hit 5p tomorrow,or not.
Thread List Earlier Posts All Posts

With the last of the T traders bailing out today, the price has bounced off the 2p support and looking like a very good play by Friday, when the results should be published. What is really anticipated is the chairmans statement which will accompany the results and reveal Kelvin Mackenzie's strategy.
Looking promising as both a short term and long term investment.

Buyers are back and volume is picking up today.

This is going great guns now, I for one can't wait to see what Kelvin Mackanzie's future plans are.
Exciting times ahead for HHO!

Sorry guys, think ur all barking mad. Good chance the MMs will walk this up between now and Friday, shift some stock at a premium and then come the Results, bang, 20% mark down. It won't matter what KM says, the market will look at the numbers, (which everyone knows are going to be rubbish), and down the SP will go. if it even holds todays SP I will be amazed. If I'm wrong, there will still be plenty of opportunities to buy later, but wouldn't touch this with a barge pole at the moment. Take a look at those other disasters, EVS, YOO, etc etc.
Good luck
pth

pt i agree its only good for a trading play if you can get the timing right pt have you still got your open position on if so you are doing well.what a lot of people forget is this is still down 50 % from the high a month ago if you brought there and still hold, it is not good sitting on a paper loss, some of you that are bullish how long do you think it will take to get back to this price and stay there my guess is it wont be this year.

woodie, closed my short a little premature, so watching from the sidelines now. But, I can't get out of my mind that the only reason this went up in the first place was based on a possible takeover. That seems to have gone now and the market will react to the figures. Just take a look at YOO and MOI as two examples where peeps have got all excited and the SP has been hammered. Talk about potential all you want, but its the numbers that count. Anyway good luck to the current holders, I think you might need some strong nerves. Hope I'm wrong though.

pth

after the results this morning only a brave man will stick with this
Interim Results

RNS Number:0105S
Highbury House Communications PLC
30 September 2005

Highbury House Communications PLC

Interim results for the six months ended 30 June 2005


Highbury House, the UK publishing group, today publishes interim results for the
six months to 30 June 2005.


Summary:


* Revenues down 28.6% to #39.6m (2004: #55.5m)

* Revenues on continuing operations down 8.2% to #14.5m (2004: #15.8m)

* Group operating loss (before exceptional items, goodwill amortisation
and impairment) of #2.0 m (2004: profit #4.5 m)

* Operating loss on continuing operations (before exceptional items,
goodwill amortisation and impairment) of #0.8m (2004: profit #0.6m)

* Group loss before tax of #11.8 m (2004: loss #25.7 m)

* Disposal of consumer businesses and titles and US business to Future
plc for net proceeds of #28.7m; Highbury Business, Highbury Local and
certain other assets also divested for net proceeds of #13.7m

* Further rationalisation since the half-year end with disposal of South
African operations for #2.0m, disposal of Real Homes magazine for
#0.5m and closure of certain other titles

* Net debt reduced from #62.6m to #27.3m at 30 June 2005. Total bank
borrowings at 27 September 2005 are #29.5m.

* Kelvin MacKenzie appointed Chairman and Chief Executive; Mike Frey
appointed Chief Operating Officer

* Discussions with Highbury's lenders commenced to reduce bank debt and
restructure balance sheet



Kelvin MacKenzie, Chairman and Chief Executive commented:



"Our number one priority is to reduce bank borrowings and refinance this
Company. To this end, we are involved in detailed constructive talks with the
banks. It has been a very disruptive and testing time for everyone at Highbury,
but this business will now get the strong focus it needs."
they are to long to put all the details on here

should have had the courage of my own convictions and kept that short open :-(

pt it is always wiser after the event, always take a profit and smile do you smile after a loss ?

true woodie, just annoyed with myself, predicted this one spot on and didnt stick to the plan

old adage of not letting profits run

pt theres always another day

hho chief neil mckenzie on bbc 4 at 11.30 pm on 10th oct according to some one on iii thread,lets hope something good about hho is mentioned,what a bad two weeks for this share,lets hope this is the end of the decline.

this has been posted on a diff web site, quite interesting to see the "real worth " of this share. as i am stuck in this share at 2.4p loosing 6kit wasnt ggood reading however mr mckenzie has a bit more of an interest so must have somthing tucked up his sleave(hopfully not just time)................
Based on the interim report it would not be unreasonable to assume HHC is now a business with turnover of approx 30m. Based on the good times a margin on turnover, post tax of about 7% would mean profits of 2.1m. Equity at the moment is worth about 4m with debt of about 28m (ie a ratio of 1:7).

The banks will want a premium to convert and if all the debt were to convert then I wouldn't be surprised if that ratio becomes 1:14. Hence the 315m shares in issue would become 4725m (ignoring the obvious need to swap shares into a higher nominal value).

So, 2.1m each year is going to be shared amongst 4725m shares, making EPS 0.044p per share. On a 12 times multiplier (and I'm being slighty generous) the share is worth 0.5p.

Say shareholders aren't screwed quite so badly and the banks accept 1:10, then the number of shares in issue become 3465m and an EPS of 0.06p and on a 12 times multiplier a share price of 0.7p (which is roughly where we were before McKenzie jumped in).

In order to support a share price of 1.5p per share on a conversion ratio of 1:10 then profits after tax need to rise 4.33m. Not likely in the short term I suspect.

The outcome from this is that I wouldn't be surprised to see Mr McKenzie buying the debt off of the bank (at a discount probably) and converting it into equity at these kind of rates for himself. He was quite happy to drive the price of a worthless share up 5-fold and then having secured enough of a slug of equity to stop the debt being converted without him having a say suddenly stopped buying. There is something happening in the background here that will leave all personal investors nursing wounds on this one. McKenzie has not bought in to see his 20% (ie lots of influence) become 2 or 3% (and possibly an early retirement). And he hasn't paid up to 5 times the going price if he doesn't expect to average down.

This is one to sit out until the details become clear.

All IMHO etc

ateeq180,

so did anything come of it - re; the bbc issue.

No, it was probable recorded before KM became chief of HHO.

hi shares are on the up, does anyone have any news
thanks
Lindos

yes I have some news... I am 30% up... thanks

Katcenka lucky you
im still nursing a loss but hopefully not for long

Lindos

Katcenka lucky you
im still nursing a loss but hopefully not for long

Lindos