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Hawaiian Electric Industries Inc. Message Board

copywrites 7 posts  |  Last Activity: Jun 24, 2014 1:12 PM Member since: Aug 24, 1998
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  • Reply to

    Director resigns. Stock gets hit.

    by ipo4 Jun 21, 2014 8:10 AM
    copywrites copywrites Jun 24, 2014 1:12 PM Flag

    Perhaps this director also suggested pricing the IPO at $18.00 a full $3 under the market price pre-IPO. A horribly bad move and one that will haunt this stock for several years.

    Sentiment: Hold

  • With only 18,500 share tendered, and at the maximum price of $1950, the auction drew less than 2% of outstanding stock. They did succeed in putting in a new floor for the price of SEB stock, which will make any future buybacks on the open market more expensive than they were 2 months ago. Hard to imagine how it could be characterized as anything other than a flop.

    Sentiment: Hold

  • Reply to

    looks like 2950

    by snogreen Jun 4, 2014 1:22 PM
    copywrites copywrites Jun 4, 2014 1:31 PM Flag

    I would suggest they are buying every share that comes to market regardless of price because no one is offering up their shares in the auction, even at $2950. So any price they can buy at below that threshold is money saved. I believe that is what is driving up the price right now.

  • Reply to

    Nobody will tender

    by hokey_pokey49482 Jun 4, 2014 10:52 AM
    copywrites copywrites Jun 4, 2014 11:51 AM Flag

    This dutch auction never had a chance from the get-go. To generate any interest, there needed to be the possibility of a 20-25% improvement over the $2600 average price for the last 6 months. That means a range that went up to minimally $3250. Why would anyone agree to a likely maximum 14% % return this year on their stock? Give me a 25% - 35% gain for the year and you may get my attention. Otherwise, yawn.......

    Sentiment: Hold

  • Reply to

    Is anyone biting on the buyout offer?

    by copywrites May 27, 2014 11:54 AM
    copywrites copywrites Jun 2, 2014 11:43 AM Flag

    About 20 years ago I owned shares in 5 natural gas wells through a small wild-cat driller. They are all well past their prime, delivering about 1/20 of the amount of gas they delivered in their early, peak years. The wild-catter decided to retire and sold his business and his shares to a large natural gas supplier. About 3 years later, myself and all of the other well shareholders received a letter from the new company offering to buy our our shares on these old wells, presumably so they could quit cutting dozens of $10 checks to us each month. As I recall, the offer was something like $500 well/share, which represented about the next 3 years of income at the current gas price and well flow rate. I wasn't very interested in selling, so I wrote back saying I was not interested in selling at $500/well share, but I would sell for $1000/well share. About 3 weeks later, a check arrived in the mail for the amount I requested. I immediately knew something was up.....

    Of course we all now know the something was fracking and those old wells are delivering gas at the rates they delivered in their early years. Lesson learned - if an offer is being made to a bunch of people to buy back shares, they know something that we don't and that something is likely there is a big event coming downstream. I don't need the money now and there is no pressing reason to sell and possibly a few very good reasons to hold on to the shares I have.

    Sentiment: Hold

  • Hard to imagine why anyone would sell. Could be next to impossible to get back in later and almost certain the price would be much higher. Maybe would consider it a $3500/share, but not at a price lower than the 52 week high price......

    Sentiment: Hold

  • copywrites copywrites May 13, 2014 12:03 PM Flag

    His max price of $2950 is not going entice too many people. I will be surprised if he get anywhere near $100M in shares offered, although I hope he does. The few remaining shares will worth hanging on to. $3500/share would be my sell trigger.

    Sentiment: Hold

HE
24.37-0.20(-0.81%)Jul 23 4:04 PMEDT

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