Openwoe
17 Dec 2016
Recent Rises Have we finally reached the end of the share price manipulation? No director purchases in the past few days, and big after hours sells on Friday. All looks very moody to me.
middler2
13 Dec 2016
Re: Director buying I am pretty sure you are right Hardboy. It does say the purchase was made through Darhold and each portion of the announcement has the price exactly the same. I think it is a single purchase of 50,000 - but still significant at nearly £1 million!
Hardboy
12 Dec 2016
Re: Director buying Is it? I confess to finding these announcements confusing. It seems each time the shares are bought via Darhold the announcement says each director has bought the same number of shares; so is it actually each director buying the same number or Darhold buying the set amount (50k in this case) and it having to be announced separately as each director is a shareholder in Darhold. Including the resultant total holding or % of issued capital after the purchase would be a great help.
paul1945
12 Dec 2016
Director buying another +150k
Hardboy
09 Dec 2016
Re: Barclays overweight 3400p PT Fred - much appreciate the time to reply and explain the way spread betters operate in more detail. Enjoy your holiday (Diageo's shares could do with a boost!) and hopefully when you come back in the new year Hikma will be back over £20 & sailing towards Barclays' dream price.
Openwoe
09 Dec 2016
Re: Barclays overweight 3400p PT Well done Fred, and thanks for all your input over recent months. Enjoy the holidays and we all look forward to some upside in the new year.
Fred Prior
09 Dec 2016
Barclays overweight 3400p PT Barclays Capital today reaffirms its overweight investment rating on Hikma Pharmaceuticals PLC (LON:HIK) and raised its price target to 3400p (from 2900p).Good morning hardboy, I am on my holiday period now, a time where I turn off the trading devices and wind down with family and friends, however I just wanted to reply to you so as you don't think I have disappeared or am ignoring you. Firstly great note out from Barclays yesterday and I think we would all be happy with that figure! In regards to "who in their right mind would short this" and your comment that I suggested a spread bet company are trying to get a client out, whilst that in itself is true, the spread bet company itself will not generally be short a stock (unless they have specific info that stock will fall), they have not got the courage to blindly short a stock alone, they tend to either not put that client position in the so called market and instead put it in their "book" they then will trade that client position day in day out, sometimes selling it more than buying it, with the more winning accounts they will attach their advanced algorithm to that client account and it will continually buy and sell the stock lower or higher, depending on market position and the rest of their client positions, generally the majority of clients are a certain way exposed to a given stock or instrument i.e. 90% short DOW or 90% long gold or 91% long Lloyds etc etc, once they do that enough times especially in an illiquid market (such as Hikma) along with the help of their hedge fund bum chums shorting it in Mayfair, you get the price movements we have seen here in Hikmas share price, quite simple really no?Unfortunately for them, that whilst they succeeded in relieving most of their spread bet client longs and weak hands from their shares, this particular client actually benefitted and purchased more (as he is fairly wealthy by normal spread betters standards) so they never succeeded in their mission and I believe that they will now start to recover the share price to its previous levels of around the 2100p level and if I am correct with my train of thought about a management buyout we should see the front or back of 3000p at some stage.With regards to the buyout and final price, I am just guessing from the signs and my previous industry experience, the bit about the client and spread bet company is factual, as in I have seen it with my own eyes.I am off these boards now and stopped all forms of trading yesterday until the New Year, so may I take this opportunity to wish you all a peaceful and relaxing Christmas and lets hope that we find out whats going on with Hikma soon.Regards
Ravinell
08 Dec 2016
Re: A total of 500k shares purchased And still the MM have this stock in their grubby little mitts. With the market this thin it's an open field. Tempting, but I won't be holding my breath waiting! Someone has got this terribly wrong! But who?
Hardboy
08 Dec 2016
Re: A total of 500k shares purchased "who else in their right mind would be short Hikma"You suggested it was a spread betting company trying to get a large client out of his position. So that's one other entity that would be short.As for loaning shares, I thought it was common practice for tracker funds to lend out shares - they have to own the shares to track the index, but by loaning them out they can get some additional income.As for the prestige factor you are thinking logically like a hard working Brit; rather than a Jordanian from a monied background. Running their business from Amman may be good business sense; but being listed on the London Stock Exchange requires them to have frequent meeting in London - general Meetings, Brokers, etc. requires them to come and have meetings with their old school chums (I'm assuming they are England Public School Educated) as top dogs, as clients calling the shots. You may well be right about them taking it private, but why did they go to the hassle of listing in the first place? As you say - all will be revealed - and I'd love it to be soon. I would also love to see some up to date share holders lists to see exactly how much the directors have in their different entities.
Fred Prior
07 Dec 2016
Re: A total of 500k shares purchased hardboy, not the directors directly but indirectly through Citi, to whom they have pledged the 20m shares to, think about it, who else in their right mind would be short Hikma, knowing it is already highly undervalued and notwithstanding all the recent director buying, they would need to be Japenese kamikaze! Therefore, it must only be an entity in"the know" one that will be told when to wind the shorts in, once the accumulation is done, which if my train of thought and recent conversations prove correct should not be too much longer. We will see.As for prestige FTSE member etc, I don't think there is anything prestige about being listed let alone in the FTSE 100, as even a companies share price can get trashed because of a spread better with an open position on a given stock, talk about a bet ruining a company by making it a cheap take over target. Maybe they had enough and cant be done with it anymore, after all its just another company tone manipulated in Market Cap to suit the pockets go the spread bet companies and hedge funds play things.Stranger things have happened hardboy,,,,,,all shall be revealed.
Hardboy
07 Dec 2016
Re: A total of 500k shares purchased Hi Fred, thanks for all your posts. Your theory that the Directors are loaning the shares for folk to short to drive the price down to allow them to buy more shares, is interesting; but if they are going to take the company private by buying the remaining shares, they will have to make a bid at least equal to the highest price they have paid for shares in the last 12 months. I'm not going to check what that is - Paul thinks it's around £27 - not sure - certainly over £21. So they are just picking up shrapnel at lower prices and will have to stump up a much higher price for the majority. (So would they go to that trouble and risk being accused of price manipulation?)I recognise that taking it private is a possibility, but I still would be surprised for two (maybe illogical) reasons - 1) It is the current controlling family who took it to an IPO only 11 years ago. So why would they decide to list then de list in a relatively short time? 2) I got to know many top people in Jordan when I did business there a while back; and (generalising) their mentality is to like the prestige of having a FTSE 100 company; and that prestige is more important than the practicalities of running the business. As for who else could have been lending shares for shorters: a number of possibilities - *Any number of tracker funds who have to have shares in all FTSE100 components.I can not find on Hikma's website any details of shareholders, so I'll go back to Diigital Look and they list these as the major shareholders: -Darhold Limited (The Directors) 24.14%Boehringer Ingelheim Corporation 16.67%DuPont Capital Management Corporation 8.02%The Capital Group Companies, Inc 6.63%Strategic Equity Capital Plc 4.08%Any of those could be doing it other than the directors. Or have I missed an announcement?
paul1945
07 Dec 2016
Re: 1m Shares purchased I think the directors were buying £10 higher
Fred Prior
07 Dec 2016
1m Shares purchased in 4 trading days by insiders and you wanna tell me something aint cooking in the kitchen?
Fred Prior
07 Dec 2016
Re: Director buying this is phenomenal stuff and I have to say its a first in my life time of investing as well!Can only be good when they are buying like the shares are going out of fashion, except they will be.
Fred Prior
07 Dec 2016
Going Private apparently the FTSE is about to lose another component.........Good luck and I have purchased more today.
