Tuesday, 4 July 2017

HAB's new accounts are a little off target - but for once we think this is progress.

HAB Housing, Kevin McCloud's day job, has posted further losses for YE 2016 but things are moving on and the company is at least gaining traction. It raised just shy of £2m from 640 investors in 2013 on Crowdcube. Targets have been missed as the company would otherwise be well into profit but awards are flowing and momentum is building. It is better news than any other CC company can provide. 

One interesting development is that the company is looking for ways for its shareholders to buy and sell its shares - due to multiple requests, so they so. It seems unlikely that they are getting multiple requests to buy their shares, so one assumes it is to sell them.

Do they know something we dont? What is under the covers?

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