re: hhg who said it was worthless? Hmmm ... "UK investors are more asstute when it comes to seeing value in oz stocks that are being sold off cheap eg MIM." ...
Wow ... no comparision ... just look at the fundamentals of HHG Plc.
From my post ... 11/11/03 and reposted 06/12/03.
http://www.hotcopper.com.au/post_thread.asp?fid=1&tid=73158#193280
"The belatedly filed accounts of AMP (UK) - now HHG - show net assets on the balance sheet of £155 million ($365 million), but included among the assets is £288 million of goodwill or intangible assets."
This equates to a negative tangible assets of $310million
"On this basis, HHG has negative net tangible assets after the substantial writedowns in the past year."
Negative tangible assets ... oh really !!!
"The accounts show HHG posted a net loss in the six months to June 30 of £975 million, following on from a £343 million loss in 2001-02 and a £43 million loss in 2000-01."
Net loss for the last six months of $2.276billion
HHG (PLC) has listed with 1,495,964,495 shares issued which equates to (todays $0.93) MC of $1,391,246,980
AMP 16/12/03 prior to demerger $5.77 and today HHG $0.93 and AMP $4.98 = $5.91 or up $0.14 ... wow !!!
Not bad for a stock with a 52 week high of $11.61 (-49.1%).
And as for HHG, nothing like a little irrational exuberance to soak up $1.4billion of worthless paper covered in red ink.
Cheers and good luck to all holders ...
This is only my view ... read the red stuff.
hhg open price , page-8
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$1.15 |
Change
0.010(0.88%) |
Mkt cap ! $2.986B | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.16 | $1.14 | $13.75M | 11.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 206295 | $1.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.16 | 267231 | 10 |
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