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HRO H.R.Owen

165.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
H.R.Owen LSE:HRO London Ordinary Share GB0005202527 ORD 50P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 165.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 165.00 GBX

HR Owen (HRO) Latest News

Real-Time news about H.R.Owen (London Stock Exchange): 0 recent articles

HR Owen (HRO) Discussions and Chat

HR Owen Forums and Chat

Date Time Title Posts
20/1/201411:39HR Owen with charts197
12/9/201314:43H.R. Owen up 30% and 6% return55

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HR Owen (HRO) Most Recent Trades

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HR Owen (HRO) Top Chat Posts

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Posted at 12/9/2013 14:38 by eezymunny
Very nice. Good luck to all holders here. I reckon CFYN is worth more than double the current market cap if you compare various metrics CFYN v HRO.

My thoughts here...
Posted at 10/9/2013 09:20 by woodwards26
I agree as to the long term.but short term i would only hold now if I thought the bid would be increased to say 145 to 150 or above . Otherwise I would sell today and buy back in the hrs after the bid lapses and the share could possibly drop to 105/115 and then over the next year a climb towards £2I would say that as I have sold but I do so often sell too soon !
Posted at 07/9/2013 11:03 by woodwards26
Yes sold mine but still watching tried to find out any history of bj take Ives before to work out there strategy but couldn't find anything . Looks like they just keep extending hoping price will drop to 120s . I s difficult to read I had thought they would come back at 150 but couldn't resist selling at 148 . If they pull out and the price drops to 110/115 they hurt themselves .so maybe they are just extending till price drops sufficiently enough that a bid of 145 to 150 will be accepted . The key is bentleys stake would they want to sell at any price with a new model in the pipeline which will have significant nos sold by HRO.Long term they will move towards £2 IMHO but if bj walk away could see me getting back in.All just the meandering of my own mind and a little experience through similar situations.Is just bj,s modus operandum is an unknown unlike similar situations eg lookers various spats . And Ryland back in 2000
Posted at 24/7/2013 20:54 by eburne1960
Yesterday's Telegraph:

Comment
HR Owen
143½p-2½
Questor says AWAIT DEVELOPMENTS

Luxury car dealership HR Owen rebuffed a takeover approach last week saying the offer was "inadequate". Questor agrees with the board.

HR Owen is a mostly London-based luxury car dealer selling brands such as Bugatti, Aston Martin, Ferrari and Bentley. The group sells new vehicles and spares but is also ramping up its used car business. The company's clientele are wealthy and its stores attract many rich car collectors.

Last week's bid came from a Philippines-based investment group called Berjaya. The group built up a 29.8pc stake in HR Owen by buying in the market last month, before launching an unsolicited offer at 130p a share.

However, the offer was at a premium of just 7.4pc to the market price.

"The board believes the offer by Berjaya to be inadequate and at a level which materially undervalues the company," HR Owen said, as it urged shareholders to take no action.

The offer came a few days after the retailer issued a trading update in which it said full-year results were going to be ahead of market expectations.

The company, under chief executive Joe Doyle, has been focusing on turning around its used car operation. In the first half of the year the unit saw volumes up by almost a quarter on the prior year, with an improvement in margins. There will also be a £300,000 pension credit in the interim numbers to give them a further boost. Last year, revenues rose 26pc to £243.5m and pre-tax profits, stripping out exceptional items, jumped 44pc to £2.3m.

The luxury car market globally has proved buoyant, with the UK no exception. The increasing contribution in its used car business is good news and the group has been investing in its customer offer, particularly in systems.

The shares have doubled over the past year, which is probably why Berjaya thought it could get away with a low premium. Whether it returns with an improved offer remains to be seen.

Prospects for the business remain sound and the board are unlikely to engage without a substantially better offer, in Questor's view.

With the shares trading on a 2013 earnings multiple of 21.4, falling to 16.5, shareholders should hold on and await developments.
Posted at 17/7/2013 12:23 by robotface
Yes, its almost at current price
Posted at 14/5/2013 11:25 by ontheropes
Away all week on a course so just just checking in to see how HRO is doing and the answer seems to be very nicely indeed. Enjoy Spain, had a boat in Almerimar for a few years, sold now but miss it from time to time.
Posted at 13/5/2013 12:17 by turnerpa51
Looking good now, some corporate entity has 4.24 percent of HRO
Posted at 29/4/2013 07:58 by turnerpa51
Yes TW good seen trade back from taking sons car for MOT off to vet shortly!
HRO very good all buyers these days even if small trades.
Posted at 14/4/2013 08:59 by ontheropes
I am new in HRO but already in profit, the price does seem to have overextended itself a little and I can see a small pullback, but I am hopeful this will be small and we can wait for the next move up. I do think this has potential in the medium term so I am holding, though I will not hesitate to sell if need be.
Certainly seems off the radar this one.
Posted at 08/3/2013 15:27 by bankboy001
Interesting - Inchcape acquired Trivett an Australian motor company in late Feb for £78m cash, the luxury part of the business seems similar to HRO network selling top end Bentleys, Rolls Royce, Aston Martins and Mclaren. Trivett have sales of £390m and EBIT of £12m plus some freehold properties, though bigger defo makes HRO look undervalued in comparison, makes me think a large conglomerate like Inchcape could look to pick up HRO and find some synergies and economies of scale across the two groups in Sydney and London. Inchcape have a mcap of £2.4b so to take HRO out at 40 or 50 mill would be peanuts and a no brainer with limited downside.
HR Owen share price data is direct from the London Stock Exchange

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