HRS - Hudson Resources - Another Negative EV company!

[shasta]

With DGR, MLM & MFC already on the Negative EV list, i've stumbled across HRS, interestingly no thread!

MCap @ 40c = $47.3m

Listed Investments:

ASX: TCM - Coal - 39% owned, worth $7.6m
ASX: ABZ - Bauxite - 55% owned, worth $42.2m
ASX: SOC - Gold - 56% owned, worth $15.2m
ASX: AXE - IOMCG-U* - 10% owned, worth $1.5m (AXE is on the low EV list)

Listed Investments = ~$66.5m

* IOMCG-U = Iron Ore, Manganese, Copper, Gold, Uranium

+ other rats & mice assets including non listed assets (refer Quarterly report)

http://stocknessmonster.com/news-item?S=HRS&E=ASX&N=631203

NTA = 61c

So there's value here, can't see there current cash balance, annual report shows just over $15m @ 31/12/10

Disc: Nil

[Corporate]

Nice find shasta. So assuming cash is about $13.5m now, then cash + listed investments is about 80cps?

[shasta]

Nice find shasta. So assuming cash is about $13.5m now, then cash + listed investments is about 80cps?

Yes, the NTA excludes cash as far as i can see, i only stumbled onto HRS, while following up on some thermal coal leads, namely TCM

[shasta]

No material change of NTA this week

SP = $0.345, MCap ~$41m

NTA = $0.61, Cash $13m (est), Listed investments ~$59m

Discount to NTA = ~43%

NB, NTA figures above only account for HRS's 4 main ASX listed assets, there are other misc assets total value <$5m

[shasta]

ABZ - Taralga Bauxite Resource Doubled to 25 Million Tonnes

http://stocknessmonster.com/news-item?S=ABZ&E=ASX&N=634237

ABZ closed up 4.5c @ 66.5c & represents the biggest chunk of HRS's listed investments @ ~$37m (HRS owns 55% of ABZ, a Bauxite company)

HRS also closed up 5.5c at 40c (MCap ~$47m)

NTA is approx 60c, based on there 4 main listed investments + cash, there are other assets worth perhaps $5-10m?

Disc: Nil held

[shasta]

HRS - NTA Update

MCap @ 0.37 = $43.8m

Est Cash @ $10m

Listed Investments

ABZ @ $0.60 = $33.3m
TCM @ $0.28 = $8.9m
SOC @ $0.35 = $14.0m
AXE @ $0.21 = $1.4m

Total = $57.6m

NTA = 57c

Discount to NTA = 35%

NB, HRS has other non listed projects, & property assets, worth at least $5m or another 5c per share

[shasta]

HRS - NTA Update

MCap @ 0.345 = $40.8m

Est Cash @ $10m

Listed Investments

ABZ @ $0.68 = $37.8m (Bauxite company, refer recent JORC ann & presentation)
TCM @ $0.26 = $8.2m (Coal)
SOC @ $0.35 = $14.0m (Gold, refer recen presentation)
AXE @ $0.18 = $1.2m (IOMCG-U)


Total = $61.2m

NTA = 60c

Discount to NTA = 43%

NB, HRS has other non listed projects, & property assets, worth at least $5m or another 5c per share

[shasta]

HRS - NTA Update

MCap @ 0.34 = $40.2m

Est Cash @ $10m

Listed Investments

ABZ @ $0.68 = $37.8m (Bauxite)
TCM @ $0.28 = $8.9m (Coal)
SOC @ $0.35 = $14.0m (Gold)
AXE @ $0.175 = $1.1m (IOMCG-U)


Total = $61.8m

NTA = 61c

Discount to NTA = 44%

NB, HRS has other non listed projects, & property assets, worth at least $5m or another 5c per share

[shasta]

HRS - NTA Update, as at 10/6/11

MCap @ 0.35 = $41.4m

Est Cash @ $9m

Listed Investments

ABZ @ $0.62 = $34.5m (Bauxite)
TCM @ $0.295 = $9.4m (Coal)
SOC @ $0.36 = $14.4m (Gold)
AXE @ $0.17 = $1.1m (IOMCG-U)


Total = $59.4m

NTA = 58c

Discount to NTA = 39%

NB, HRS has other non listed projects, & property assets, worth at least $5m or another 5c per share

[shasta]

HRS - NTA Update, as at 17/6/11

MCap @ 0.34 = $40.2m

Est Cash @ $9m

Listed Investments

ABZ @ $0.58 = $32.2m (Bauxite)
TCM @ $0.28 = $8.9m (Coal)
SOC @ $0.36 = $14.4m (Gold)
AXE @ $0.18 = $1.2m (IOMCG-U)


Total = $56.7m

NTA = 56c

Discount to NTA = 39%

NB, HRS has other non listed projects, & property assets, worth at least $5m or another 5c per share

[shasta]

HRS - NTA Update, as at 24/6/11

MCap @ 0.37 = $43.8m

Est Cash @ $9m

Listed Investments

ABZ @ $0.605 = $33.6m (Bauxite)
TCM @ $0.27 = $8.6m (Coal)
SOC @ $0.34 = $13.6m (Gold)
AXE @ $0.15 = $1.0m (IOMCG-U)


Total = $56.8m

NTA = 56c

Discount to NTA = 33%

NB, HRS has other non listed projects, & property assets, worth at least $5m or another 5c per share

[shasta]

HRS - NTA Update, as at 1/7/11

MCap @ 0.35 = $41.4m

Est Cash @ 8m

Listed Investments

ABZ @ $0.69 = $38.4m (Bauxite)
TCM @ $0.30 = $9.5m (Coal)
SOC @ $0.35 = $14.0m (Gold)
AXE @ $0.175 = $1.1m (IOMCG-U)


Total = $63.0m

NTA = 60c

Discount to NTA = 42%

NB, HRS has other non listed projects, & property assets, worth at least $5m or another 5c per share

[shasta]

HRS - NTA Update, as at 8/7/11

MCap @ 0.345 = $40.8m

Est Cash @ $8m

Listed Investments

ABZ @ $0.70 = $38.9m (Bauxite)
TCM @ $0.325 = $10.3m (Coal)
SOC @ $0.35 = $14.0m (Gold)
AXE @ $0.185 = $1.2m (IOMCG-U)


Total = $64.4m

NTA = 61c

Discount to NTA = ~44%

NB, HRS has other non listed projects, & property assets, worth at least $5m or another 5c per share

[shasta]

HRS - NTA Update, as at 15/7/11

MCap @ 0.345 = $40.8m

Est Cash @ $8m

Listed Investments

ABZ @ $0.64 = $35.6m (Bauxite)
TCM @ $0.295 = $9.4m (Coal)
SOC @ $0.35 = $14.0m (Gold)
AXE @ $0.19 = $1.2m (IOMCG-U)


Total = $60.2m

NTA = 58c

Discount to NTA = ~40%

NB, HRS has other non listed projects, & property assets, worth at least $5m or another 5c per share

[shasta]

HRS - NTA Update, as at 22/7/11

MCap @ 0.345 = $40.8m

Est Cash @ $8m

Listed Investments

ABZ @ $0.66 = $36.7m (Bauxite)
TCM @ $0.295 = $9.4m (Coal)
SOC @ $0.38 = $15.2m (Gold)
AXE @ $0.20 = $1.3m (IOMCG-U)


Total = $62.6m

NTA = 60c

Discount to NTA = ~42%

NB, HRS has other non listed projects, & property assets, worth at least $5m or another 5c per share

[shasta]

HRS - NTA Update, as at 5/8/11

MCap @ 0.32 = $37.9m

Est Cash @ $7m

Listed Investments

ABZ @ $0.48 = $26.7m (Bauxite)
TCM @ $0.255 = $8.1m (Coal)
SOC @ $0.36 = $14.4m (Gold)
AXE @ $0.17 = $1.1m (IOMCG-U)


Total = $50.3m

NTA = 48c

Discount to NTA = ~34%

NB, HRS has other non listed projects, & property assets, worth at least $5m or another 5c per share

[shasta]

HRS - NTA Update, as at 19/8/11

MCap @ 0.30 = $35.5m

Est Cash @ $7m

Listed Investments

ABZ @ $0.515 = $28.6m (Bauxite)
TCM @ $0.265 = $8.4m (Coal)
SOC @ $0.35 = $14.0m (Gold)
AXE @ $0.21 = $1.4m (IOMCG-U)


Total = $52.4m

NTA = 50c

Discount to NTA = ~40%

NB, HRS has other non listed projects, & property assets, worth at least $5m or another 5c per share

[shasta]

HRS - NTA Update, as at 26/8/11

MCap @ 0.30 = $35.5m

Est Cash @ $7m

Listed Investments

ABZ @ $0.55 = $30.6m (Bauxite)
TCM @ $0.27 = $8.6m (Coal)
SOC @ $0.35 = $14.0m (Gold)
AXE @ $0.20 = $1.3m (IOMCG-U)


Total = $54.5m

NTA = 52c

Discount to NTA = ~42%

NB, HRS has other non listed projects, & property assets, worth at least $5m or another 5c per share

[STRAT]

Hi Shasta
Looks like it may have bottomed too?

[shasta]

Hi Shasta
Looks like it may have bottomed too?

Nicely spotted Strat

Seems to have behaved technically all the way down too, so a strong close above the blue line would be a confirmed breakout?

How the RSI looking?

[STRAT]

Nicely spotted Strat

lol.http://www.aussiestockforums.com/forums/images/smilies/headshake2.gif

Not really mate. Its not the right stock. Its not even the right exchange.:blush:

I need a bloody holiday.

Oh and sorry for the late reply too:blush:

[shasta]

lol.http://www.aussiestockforums.com/forums/images/smilies/headshake2.gif

Not really mate. Its not the right stock. Its not even the right exchange.:blush:

I need a bloody holiday.

Oh and sorry for the late reply too:blush:

Might have to go get my eyes checked too :D

[shasta]

No material change in NTA this week

[shasta]

HRS - NTA Update, as at 9/9/11

MCap @ 0.30 = $35.5m

Est Cash @ $6m

Listed Investments

ABZ @ $0.525 = $29.2m (Bauxite)
TCM @ $0.29 = $9.2m (Coal)
SOC @ $0.35 = $14.0m (Gold)
AXE @ $0.24 = $1.6m (IOMCG-U, Graphite, Mn)


Total = $54.0m

NTA = 51c

Discount to NTA = ~41%

NB, HRS has other non listed projects, & property assets, worth at least $5m or another 5c per share

[shasta]

HRS - NTA Update, as at 30/9/11

MCap @ 0.27 = $32m

Est Cash @ $5m

Listed Investments

ABZ @ $0.50 = $27.8m (Bauxite)
TCM @ $0.285 = $9.1m (Coal)
SOC @ $0.32 = $12.8m (Gold)
AXE @ $0.19 = $1.2m (IOMCG-U, Graphite, Mn)


Total = $50.9m

NTA = 47c (previously 51c)

Discount to NTA = ~43%

NB, HRS has other non listed projects, & property assets, worth at least $5m or another 5c per share

[shasta]

HRS - NTA Update, as at 7/10/11

MCap @ 0.26 = $30.8m

Est Cash @ $4m

Listed Investments

ABZ @ $0.485 = $27.0m (Bauxite)
TCM @ $0.28 = $8.9m (Coal)
SOC @ $0.33 = $13.2m (Gold)
AXE @ $0.19 = $1.2m (IOMCG-U, Graphite, Mn)


Total = $50.3m

NTA = 46c (previously 47c)

Discount to NTA = ~43%

NB, HRS has other non listed projects, & property assets, worth at least $5m or another 5c per share

[shasta]

HRS - NTA Update, as at 10/02/12

MCap @ 0.32 = $37.9m

Est Cash @ $1m

Listed Investments

ABZ @ $0.56 = $31.1m (Bauxite)
TCM @ $0.265 = $8.4m (Coal)
SOC @ $0.26 = $10.4m (Gold)
AXE @ $0.18 = $1.2m (IOMCG-U, Graphite, Mn)


Total = $51.1m

NTA = 44c (previously 46c)

Discount to NTA = ~27%

NB, HRS has other non listed projects, & property assets, worth at least $5m or another 5c per share

[JBmurc]

And now it's 9c......with no sellers .....been so tough in the resource sectors ..record lows