Blewbury
13 Jul 2016
Re: Back In Hope so. I bought this a year ago and am 25% down. Sitting tight as I think the Brexit panic is over-egged but still painful to watch
alandwd
12 Jul 2016
Back In Sold out at 930p in 2014 and tripled my money. Now I'm back in again, the 20%+ discount is too tempting, especially after Brexit when all smaller companies have taken a hit. I really don't see why as many will doubtless boost exports, especially those who won't see a rise in Import material costs. HOT is well is placed to see a new discount narrowing again.
nncalc
12 Oct 2015
Share price and discount I have been in and out of this trust for a number of years - my postings here go back to 2011. I would advise that followers take with a large pinch of salt the prices posted as they are unreliable. The company is still tiny and the displayed price is often simply the latest deal price, that deal having been either a buy or sell and could be a large or small size. If I am considering a deal I put ina dummy buy and sell and get real live prices. These may show a (real) spread of 25p or something as low as 5p. When the price is wide I used to put in a limit order but these seem to be ignored in my online dealing account so I have given up on this. I know from my own deals that the computer shows buys as sells and vice versa, so this indicator is definitely unreliable for this company. It is certainly not a stock for the day trader but there are profits to be made. First, the manager has consistently out performed most rivals in his stock selection. According to the AIC website HOT has been 3rd,2nd and 2nd in UK All Companies NAV return over 1,3 and 5 years. (The winner is JMF) Second, the discount moves quite violently giving a patchy SP return; get this right and the dealing profits follow. The current discount is around 7% with a one year range of 18% discount to 5% premium. HOT has the 7th biggest discount of the top 12 NAV performers, four of which trade at a premium. At this level I am a cautious buyer. I was an enthusiastic buyer when the discount was above 15% and sold at a premium or small discount when I could get over 1020p for a 25% profit. way of comparision, JMF trades on a discount of less than 3%. As ever, do your own research.
Ripley94
09 Aug 2015
Re: Sales N/C
cimbom
02 Jul 2015
Re: Sales Now it shows up 0.45% on the day... incredible that anyone would sell such big volume in one or two lumps rather than drip feeding. Still it is a matter of some concern.
Windlesham Don
02 Jul 2015
Re: Sales Possibly an institutional seller. If offloading that number of shares then I suspect they would have had to accept a very low price. However, why they would offload that many shares is the question, especially as all recent updates from Mr Henderson have been promising. We may find out in due course...
cimbom
02 Jul 2015
Re: Sales OK thanks. I was mislead by the change showing as -63.5 (-6.26%).
Windlesham Don
02 Jul 2015
Re: Sales cimbom - The SP hasn't actually dropped as currently the bid/offer are 1001/1019, so the mid-price is 1010p.Not sure why there was a set of large sells at 950p though.
cimbom
02 Jul 2015
Sales Who would have sold 2million shares to drop share price by 7%?
nncalc
07 Jan 2015
Back in I watched with amazement the rise in the discount especially over three months and one month. I sold at a premium in Feb 2014 and missed out on the last 20p or so. Share price around 950p in September and premium of 4% or a bit more. Asset value has not moved a lot with a breakeven performance over 2014 but share price has moved between a premiumk of 4% and discount of 16%. (Source theaic.co.uk). Market cap is now below £64m so I can only imagine there has been significant selling by disillusioned investors, especially in December. In one month the discount in cash terms increased by over 50p. My sort of share again. I bought just above 800 with an asset value of 935p. A sensible price would be around a 6% discount which indicates a share price of 880p.
