HHG Is it about time?

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peterloh

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Post Number: 826
Registered: 03-2003

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Thursday, December 02, 2004 - 08:54 am:

HHG was listed on 31/12/2003 at 96c. It has reach a high of 1.35 and since then retrace to 1.15. I notice last month interest comes back to this one again and volume has increased.What is brewing?Great expectations from valued fun managers however it has been quiet for some time. The equities market has picked up which should augur well for the fund management industry.To quote from spider, have been watching the grass grow.Has dynamite lifter been put into this one last month and we may see the results this month. If any ,I have been patient on this one and hope it is about time.Am I seeing things because I have a position on this one.Is my mind playing games with me again?

EMA daily crossing and golden cross again moving in sympathy with weekly EMA.Although the weekly EMA is flattening, it may soon widen again as the 15 weeks EMA turns up.MACD daily is also turning positive.The chart is telling us something this time, but how high and how long will the progress be this time?

PL

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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.

nicola

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Thursday, December 02, 2004 - 10:09 am:

Peter,

yes, change seems afoot this one,
ie, on the upside

holycow

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Thursday, December 02, 2004 - 12:02 pm:

HHG Daily

HC

"... if you've got a chart, I have an opinion!"

peterloh

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Thursday, December 02, 2004 - 12:29 pm:

Hi Nicola,

Nice of you to visit us. How about one of those nice poem from you, eh?

You may like to know I bought TLS and sold it back to them in the buyback. I recently got into it again this time not for the yield but this time for growth. I think this dog will wag its tail at last. I don't know for how long though. I do think some of the NCP money will find a home here.

HC,

Always love the way you present your chart.Also excellent comments.Thank you.

PL

holycow

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Thursday, December 09, 2004 - 04:26 pm:

HHG Daily

HC

"... if you've got a chart, I have an opinion!"

peterloh

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Friday, December 10, 2004 - 09:41 am:

HC,

Pretty strong breakout all right.Will kick on from here, now like AMP they have amputated what seems to be a mill stone. But as the saying goes, one man's meat is another man's poison. I think to the Investor Group, it is a good acquisition for them because of all the synergies.As for HHG they can now concentrate on fund management which they are very good at.

PL

holycow

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Friday, December 10, 2004 - 11:49 am:

Peter,

Just remember, in the long run you're usually right... and no, I am not brown nosing you. :-)

Cheers.

HC

"... if you've got a chart, I have an opinion!"

peterloh

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Friday, December 10, 2004 - 02:31 pm:

HC,

Thanks for the compliments.My first thought was pretty close, a partial acquisition or a total bid. As it turns out, it is a partial bid now.With the volume today, somebody is happily collecting HHG.Over 100 million shares traded, so I don't think it is a just a matter of buying into a share with a good prospect,the story continues.As usual it is mere speculation. The truth will reveal itself in the near future.Maybe my holding in HHG gives me all these fantasies.

PL

peterloh

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Saturday, December 11, 2004 - 11:42 am:

On Thursday morning under short term trading ASX HHG - Gong Strong thread, I mentioned PPT increased their holding from about 10.8 to 11.02%. I had in the past recommended their industrial share funds and understand their stock selection as a value manager.As I said, like race horses, management and even fund managers we have to look at track records.Sure enough has a kicked along yesterday.

This one will establish a track record and I like the way they quietly go about their business,like let the action speak for itself.Around the corner we are at the door steps of 2005 and anticipating a maiden dividends in the beginning of 2006, this one is looking good on the cards.With the return of capital and cancelling some shares,I can expect this one to travel in a NE direction with higher hopes, if it is not being swallow up by a bigger one of it kind on the way.

PL

peterloh

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Sunday, December 12, 2004 - 02:24 pm:

HC,

Finished strongly in London, I am wondering what HHG will be over here on Monday.Turnover of 111 million in shares on Friday is definitely saying something.

PL

holycow

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Sunday, December 12, 2004 - 02:59 pm:

Peter,

It's worth watching how the local funds react to it. I believe many hold HHG as a result of the spin off by AMP. If there were to be any big move locally, it should/will happen in the next session or two, otherwise, I would assume the event has been priced in. Any movement that is not accompanied by large volume I'd assume it's due to retail investors jumping into the bandwagon since they are always late.

Cheers.

HC

"... if you've got a chart, I have an opinion!"

holycow

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Monday, December 13, 2004 - 09:08 am:

HHG - Good News And Bad News
December 13 2004
Australasian Investment Review – (AIR)

HHG PLC (HHG) has announced an agreement to sell its Life Services business for GBP1.025bn and GSJB Were calculates this roughly equates to 79% of its embedded value. After deducting some costs and contingencies, the broker arrives at a 73% figure which, it suggests, is still a positive outcome.

The broker sees upside to the deal as the sale will also (1) take a lot of regulatory, capital adequacy and provisioning risk out of the story, (2) dramatically simplify the group’s fundamentals, (3) allow for an accelerated release of shareholder capital and (4) also accelerate the commencement of regular dividend payments. It may also increase takeover appeal, the broker surmises.

The downside element to the transaction, according to the broker, is that, post capital return, the stock will fall back to the mid-cap zone and its liquidity will diminish. It will also become a higher beta investment, as a pure fund manager, and its performance will be highly leveraged to the strength of Henderson’s investment performance, now that Life Services is no longer a contributor.

HC

"... if you've got a chart, I have an opinion!"

peterloh

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Monday, December 13, 2004 - 10:32 am:

HC,

The future of HHG shareholders will change from a very fragmented list of shareholders that had HHG given to them as compared to the new institution shareholders that actually got into HHG for what it can do.In a few months time HHG shareholder's list will mainly be institutions as the mop up process gets on the way.Although HHG will become a mid cap company, nevertheless it is the only truly global fund management listed in the XAO.It will become more focus and I see more upside than downside as its intention to get rid of a business they no longer wanted which was forced on to them when AMP became separated from HHG.It is definitely a target for local funds manager that wanted to have more exposure in the overseas market or from a bigger international predator across the Pacific.

PL