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Hansard Global Plc (HSD)

London
Currency in GBP
Disclaimer
51.10
+0.90(+1.79%)
Closed

HSD Price Commentary

This "Going Nowhere" stock run by "Do Nothing" management is now trading +/- 9% a day on less than £2,000 worth of shares being traded. Investors are stuck in this lobster pot of a stock while the CEO takes home £350k a year tax free. Time for a take-over/merger to realise shareholder value and release funds.
The strange price action of Hansard recently (it has risen from 35p to 45p) doesn’t change the fact this company needs a merger or takeover to realise shareholder value. Its strategy of organic growth won’t recover the share price: its too little too late. Shareholders should be holding management and the Board to account.
What's been going on here? A spectacular fall! Were the shares over priced to begin? Lack of investors? Lack of business?
This once great company, not so long ago, traded at £3.50: it has been drifting away to 35p and I can see no actions by management to correct the decline. It's time for a merger and change of management to realise what little value shareholders have left. Organic growth plans aren't going to turn this company around.
Technically it's a good Medium/ Long term punt. So dipping in. . I note they are a longer term return investment company.. Declines like these are out of their control. Economic outlooks not good in general but I think they will present opportunities for future returns if they make prudent investments over the next couple of years. They do need to do some work.
 _ It's more complicated than that. According to publicly available information, they are STILL fighting litigation in Italy. Their growth plans include ANOTHER go at cracking the Japanese market even though they failed last time this notoriously difficult (and expensive) closed shop system. Besides, what does a tiny Isle of Man company have to offer that other bigger and better companies don't? After cutting the dividend the stock price fell and analysts can't spend their time on a micro stock like this anymore. If the analysts won't cover it - you can't whip up interest. To realise ANY value left requires action at a corporate level.  PS Let me know when you buy some. stock...
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