theprior
22 Aug 2018
Half year report Figures are looking good, and divi up a smidge TP
Harvey Crosby
12 May 2018
Re: Founders pay: £35m to £4... Yep. Contrary to what Halifax said they did not send me a notification but I just checked and it's in there.
Pad Mc Pad
12 May 2018
Re: Founders pay: £35m to £4... Hi Did anyone get the payout? no credit to my account with HLCheers
Montyzuma
08 May 2018
Re: Founders pay: £35m to £4... Yield is 4.3% according to ‘Tempus is a hold’ post. Havn’t Checked it though. DYOR
PJ Foster
04 May 2018
Re: Founders pay: £35m to £4... Well I had a shock yesterday morning when I logged on to check the value of my portfolio, before remembering that my Hansteen shares were ex-div (not the right phrase I know - 'cos it's not a dividend, but not too sure what is the right phrase).OK - now that's priced in and the shares are about 99p, do we now know what the likely forward yield on Hansteen will be? I assume, with less property in the portfolio, there will be a cut in dividend - have we been told what to expect?Cheers,
Harvey Crosby
04 May 2018
Re: Founders pay: £35m to £4... Halifax say:"The cash is expected to be credited to your account on or after 11th May 2018. However, we will notify you when your account has been updated. "
Montyzuma
04 May 2018
Re: Founders pay: £35m to £4... 11th May I believe
Pad Mc Pad
04 May 2018
Re: Founders pay: £35m to £4... Hi Folks,Anyone know when we get the cash?Cheers
theprior
03 May 2018
Re: Founders pay: £35m to £4... And so it has come to pass.O level maths still working. 
))TP
emisbod
01 May 2018
Re: Founders pay: £35m to £4... So my O level maths suggests that the price will fall by around 26% - do peeps agree?[record date is 6 pm on 2/5/18]
theprior
01 May 2018
Re: Founders pay: £35m to £4... Court approved capital reorganisation so company free to return capital to shareholders. 35p per share coming your way. Record date 3 May, look out for drop!TP
theprior
26 Mar 2018
Re: Founders pay: £35m to £4... Record date not until 3 May. Dropped quite a bit already since RNS. I guess someone will have worked out what will be left after the sale and it’s net worth in pence per share.Anybody?TP
emisbod
26 Mar 2018
Re: Founders pay: £35m to £4... Possibly, although personally did quite well out of it. Since the price has fallen, it will be interesting to see at what level people think it is worth piling in for the cash return..
theprior
21 Mar 2018
Re: Founders pay: £35m to £40m (... There’s no doubt that the founders are in it to make money by leveraging funds raised from shareholders. Wrong to suggest they just happened on a lucky break with their strategy. I think they spotted the opportunity, raised funds and went for it. You could argue that the fruits if their labours has been distributed unfairly but they are working to a well published scheme, so you pays your money.........! I still think we should have had a cash payout last time instead of a buyback.TP
Lord Lube
20 Mar 2018
Founders pay: £35m to £40m (having a laugh) Interesting post on LSE chat.. here it is: good company, but from latest results today the founders having a laugh at shareholder expense.Under their performance terms they have set aside £19.1m for the founders with one more year to run on it (part of a 3 year deal). Now given they have hit their performance in the first two years - of achieving 10% compound return over 3 years - the founders are going to reward themselves this year 25% of all additional returns for 2018. What this means is if the company deliver 10% to 15% total return this year (which is feasible given the strength of the UK industrial market) Hansteen will be paying the founders somewhere between £35m to £40m. Please note the long term incentive plan was formulated in 2005 (back in the casino banking era of pre Global Financial Crisis). Also, whilst I think Hansteen have done a good job, you have to questions if they really delivered superior growth; what I mean here is the company has just ridden the industrial market up... possibly through no skill of their own. As an example the broad level IPD index for Industrial property did 20% last year on an ungeared basis (no debt) which demonstrates the whole industrial market is booming. So you must question if the founders deserve the potential of £35 to £40m when most of the return is just driven by the broad market and not necessarily by management skill.So I think shareholders a getting a super bad deal in the Hansteen Founder Incentive. This is something shareholders should be on top of.
