FONTY
- 31 Aug 2005 23:17
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
john50
- 01 Sep 2005 18:49
- 17 of 185
Article in the London Evening Standard, HHO put on 1p or 30% with rummers KM was increasing his stake
lizard
- 01 Sep 2005 19:54
- 18 of 185
increase stake and buy them out- goodnight!
FONTY
- 01 Sep 2005 21:57
- 19 of 185
Bristlelad - I pointed that one out to my publisher super guru and he said that Kelvin wouldn't settle for making 400K - he is able to make far more and also he is in the right place and the timing is right for him to get on with a new project. Also geographically Highbury House is very convenient for him.
Anyway I don't particularly care - I am going to put a trailing stop order on it and make money. I am up 43% so will help with all my other losses! Hopefully by the end of the year I will be up enough to buy a Christmas tree.
bristlelad
- 02 Sep 2005 08:36
- 20 of 185
hi fonty// I WISH YOU WELL BUT BEWARE/
FONTY
- 02 Sep 2005 10:17
- 21 of 185
Thank you - This is a very short term one with a trailing stop order!
belisce6
- 02 Sep 2005 15:39
- 22 of 185
strange RNS just went out......haha
followed by a T-trade 4.6million shares buy @ 4.63p........hmmmmmm
ptholden
- 02 Sep 2005 15:42
- 23 of 185
Thankyou very much HHO, can't see any need for that RNS, has kicked the arse out of the SP. Fortunately, stop loss has meant getting out even. All that seems to have achieved is for Mckenzie to stake build at much lower prices. Must be laughing himself to bits.
ptholden
- 02 Sep 2005 15:45
- 24 of 185
Nothing has changed, but look at them all falling over themselves to sell. Totally amazing.
lizard
- 02 Sep 2005 16:05
- 25 of 185
i had the same with alk and now hho- alk has bounced i would expect this to do the same v frustrating as have been watching like a hawk. a total over reaction why the panic?.
ptholden
- 02 Sep 2005 16:08
- 26 of 185
Becuase small investors didn't appreciate that nothing had changed Lizard and had completely forgotten why they bought in the first place. It certainly wasn't based on the fundamentals and only on the take over play. From a personal standpoint, I am hugely frustrated as I probably would have taken profits this morning had I been at home. Walked in, just in time to watch my stop barely hit and have had to start again. I think you are right that it will bounce and indeed is in the process of doing so.
pth
belisce6
- 02 Sep 2005 16:12
- 27 of 185
the 4.6million share T-trade buy was soon followed by a 1million share T-trade buy (i think) - that's almost 1.7% of market cap.
lizard
- 02 Sep 2005 16:14
- 28 of 185
may close at 4p?- if i had more available funds would have bought more when 3.5 3.6 spread.
ptholden
- 02 Sep 2005 16:15
- 29 of 185
Well, if HHO wanted to help Mckenzie snap up the company on the cheap, that RNS has done him a huge favour. What a farce!
pth
lizard
- 02 Sep 2005 16:16
- 30 of 185
was looking at previous news when future plc 10pps share fell through.
explosive
- 02 Sep 2005 16:25
- 31 of 185
Highbury House Communications PLC
02 September 2005
Highbury House Communications PLC
("Highbury" or the "Company")
Re. Share Price Movement
The Board notes the recent press coverage concerning the Company and the
continued upward movement in the Company's share price together with the
continued significant share trading volumes. As a result, the Board feels it is
appropriate to remind existing and potential new shareholders of the financial
position of the Company as documented in the Circular to shareholders dated 31
May 2005 and updated in the announcement released by the Company on 8 August
2005.
lizard
- 02 Sep 2005 16:30
- 32 of 185
a great way to p**s us off for the weekend!
WOODIE
- 02 Sep 2005 16:31
- 33 of 185
2nd Sept 2005
LONDON (AFX) - Shares in Highbury House Communications PLC lost 15 pct of
their value this afternoon after the troubled consumer magazine publisher
punctured hopes that ex-Sun editor Kelvin MacKenzie will launch a takeover bid
for the company, dealers said.
The group, which was forced to sell the majority of its titles earlier this
year after it ran into financial trouble, has enjoyed a meteoric rise on the
stock exchange in recent weeks after it emerged that MacKenzie had built a near
20 pct stake in the company.
From a low of 0.42 pence in early August, shares in the owner of the lads'
magazine Front rallied to 4.40 pence by yesterday evening, fuelled by hopes that
MacKenzie would launch a formal bid for the company.
However, the stock dropped to 0.65 pence to 3.75 pence by 4.10 pm after
Highbury House this afternoon "reminded" investors that its financial position
was exactly the same as it was in early August, when it told the stock exchange
that a painful restructuring programme was still underway.
"What Highbury House is trying to do is introduce a dose of reality and
caution into this story," an insider told AFX News.
"The shares have risen over 60 pct in the last two sessions to over 15 mln
stg, which is in no way justified for a publisher that will probably only book
revenues of 10 mln this year
john50
- 02 Sep 2005 16:48
- 34 of 185
That was fun sold at 4.30 bought back at 3.60
andysmith
- 02 Sep 2005 18:58
- 35 of 185
Panic!!!! and then 8.6m buy after the bell - hmmmm.
Will there be an RNS on Monday? and if it is Mr Mackenzie those who did panic will be very pissed off IF they took a loss on the chin. IF it was KM then the board of HHO did him a big favour. Fun and games with this one for a while?
Question I have, say if KM does launch a takeover, I understand there are large debts, how much are they and could he cope?
ptholden
- 02 Sep 2005 19:00
- 36 of 185
Don't know about any fun Andy, picked the wrong day to go and play golf! Doh!!