View Full Version : HRS - Hudson Resources - Another Negative EV company!
shasta
14-04-2011, 02:02 AM
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
14-04-2011, 07:04 AM
Nice find shasta. So assuming cash is about $13.5m now, then cash + listed investments is about 80cps?
shasta
14-04-2011, 03:49 PM
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
02-05-2011, 01:40 AM
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
12-05-2011, 06:11 PM
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
22-05-2011, 06:41 PM
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
28-05-2011, 06:02 PM
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
05-06-2011, 02:19 AM
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
12-06-2011, 12:16 AM
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
18-06-2011, 05:50 PM
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
25-06-2011, 11:03 PM
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
02-07-2011, 06:23 PM
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
10-07-2011, 07:19 PM
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
17-07-2011, 08:12 PM
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
24-07-2011, 11:36 PM
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
07-08-2011, 09:22 PM
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
19-08-2011, 10:33 PM
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
26-08-2011, 11:39 PM
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
27-08-2011, 08:42 AM
Hi Shasta
Looks like it may have bottomed too?
shasta
27-08-2011, 05:26 PM
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
29-08-2011, 06:04 PM
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
29-08-2011, 09:42 PM
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
04-09-2011, 02:53 AM
No material change in NTA this week
shasta
11-09-2011, 05:59 PM
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
01-10-2011, 10:03 PM
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
09-10-2011, 12:00 AM
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
13-02-2012, 12:41 AM
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
04-02-2014, 05:23 PM
And now it's 9c......with no sellers .....been so tough in the resource sectors ..record lows
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