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Hansteen Return of Capital

77ss
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Hansteen Return of Capital

#126257

Postby 77ss » March 20th, 2018, 8:09 am

Cash from the sale of IMPT and the Compulsory Purchase of Saltley Business Park to be 'returned' to shareholders.

35p/share. Subject to various approvals.

http://www.hansteen.co.uk/~/media/Files ... h-2018.pdf

gbalin
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Re: Hansteen Return of Capital

#130443

Postby gbalin » April 6th, 2018, 5:59 pm

Do you think this will lead to a slump in the SP once the money has been returned as they are returning the cash because there is not much to buy with it at the moment. What will they do if 'bargains' suddenly appear in 6 months?

77ss
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Re: Hansteen Return of Capital

#132274

Postby 77ss » April 15th, 2018, 4:42 am

gbalin wrote:Do you think this will lead to a slump in the SP once the money has been returned as they are returning the cash because there is not much to buy with it at the moment. What will they do if 'bargains' suddenly appear in 6 months?


Yes, I expect a fall in share price. Much as one would like to have ones cake and eat it!

If 'bargains' suddenly appear, then I would very much hope and expect that the management has contingency borrowing plans.

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Re: Hansteen Return of Capital

#132339

Postby gbalin » April 15th, 2018, 2:12 pm

77ss
If 'bargains' suddenly appear, then I would very much hope and expect that the management has contingency borrowing plans.


Interestingly the SP has fallen and they haven't returned any cash yet. One would think that people might be buying to get the cash.I wonder how low it will go before that happens.

bailey56
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Re: Hansteen Return of Capital

#161433

Postby bailey56 » August 23rd, 2018, 10:27 am

Yesterday's results led to a 5% drop in the share price. Now down to 98p this morning.

Interim dividend increased to 2.4p, although I expected a drop due to the return of capital.

Historic yield now over 6%.

I don't hold, but I'm quite tempted.

What's not to like?

bailey

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Re: Hansteen Return of Capital

#161451

Postby spiderbill » August 23rd, 2018, 11:27 am

Was looking at it briefly last night and couldn't make sense of the drop compared to the headlines - profit more than doubled despite being a much smaller company since the return of capital. Haven't had time to delve into the figures in detail yet but it looked positive, so am a bit puzzled. Tempted to add to my position which had previously been quite high but is now much smaller following the open offere and then the return, but will wait till I have time to dig further.

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Re: Hansteen Return of Capital

#162900

Postby gbalin » August 29th, 2018, 3:19 pm

Well, I can't get my head round it. Do keep us posted if you reach any conclusions!!!
G


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