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HTY Hellermanntyton

479.60
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Hellermanntyton Investors - HTY

Hellermanntyton Investors - HTY

Share Name Share Symbol Market Stock Type
Hellermanntyton HTY London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 479.60 01:00:00
Open Price Low Price High Price Close Price Previous Close
479.60 479.60
more quote information »

Top Investor Posts

Top Posts
Posted at 29/9/2013 12:30 by lunarjim
Would be interesting to know what the institutional investors and analysts were told on friday - presumably see the effects on monday. nice to see the company are paying a bit more attention to the stock market - pity they cant let the small investors in on whats happening!



HellermannTyton Group PLC Statement re investor and analyst site visit


Article RNS Number : 0420P

HellermannTyton Group PLC

27 September 2013


HellermannTyton Group PLC Investor and Analyst Site Visit

HellermannTyton, the market-leading global manufacturer and provider of high performance and innovative cable management solutions, is today hosting an institutional investor and analyst site visit to the Company's manufacturing facility in Whythenshaw, Manchester.

HellermannTyton issued its interim results on 29 August 2013 for the six months ended 30 June 2013 and no new material financial or trading information will be disclosed today.

ENDS

Enquiries


HellermannTyton at Powerscourt: +44 (0) 20 7250 1446
Giles Sanderson
Rob Greening
Sophie Moate
Posted at 26/9/2013 08:46 by nhp84
Typical market over reaction and once the dust settles, investors will again realise the value of this company and pile back in. A lot of stops getting hit I think, but will settle and rise again from where it is now. Possibly good time to top up.
Posted at 26/9/2013 08:31 by ricky46
Boring, as usual private investors find out after the occasion, it's been a good run and time to take profits I think.
Posted at 30/4/2013 22:14 by rolo7
17th may q1 results bit late?
Posted at 11/4/2013 14:35 by varrirob
Out of interest when are the next set of results due for release? I have looked but can't seem to find anything on the investors site re:financial dates,AGM etc. Am new to this one, usually invest in mining co's but they are volatile at the moment so fancied a change. All initial info points to this being a good share.
Posted at 04/4/2013 20:52 by ricky46
Unaudited accounts for 2012 are on investor website as follows:

Revenue €514,211
Operating profit €65,638
Profit before tax €50,317

Adjusted ebitda €100,352

Net debt €178,290

I read somewhere they are going to distribute dividends 30% to 40% Of profit.

Anybody confirm this please.
Posted at 04/4/2013 10:27 by simon gordon
Cable tie IPO shows market resilience

30 March to 5 April 2013 | By Robert Venes

Successful pricing for HellermannTyton despite ongoing Cyprus crisis

Goldman Sachs and JP Morgan last week priced the £211.9m UK mid-cap IPO of HellermannTyton, a little-known business in an incredibly niche and largely insulated sector.

The float for the cable ties-maker is one of the smallest for a corporate in Europe this year, and lacked the fanfare of previous UK deals, but is highly significant in the continued recovery of the IPO market. Issuance to date had been dominated by insurers and previously listed entities.

"HellermannTyton is a classic UK mid-cap industrial business with steady earnings growth and a good dividend yield delivering a mid-market total shareholder return," said Alasdair Warren, European head of ECM at Goldman. "The fact you can get something like that done says a lot about this market, particularly against the backdrop of a Cyprus-type event. A year or two ago, frankly, the IPO would never have priced against this backdrop."

A covered message was delivered after one week of bookbuilding and price guidance on Monday was 190p–200p, against the price range of 190p–235p. Pricing came on Tuesday just above the bottom of the range at 195p. Bankers on the deal said it could have priced at 200p, but the decision was taken to focus on quality in the book and more certainty of a positive aftermarket.

That approach paid off with an unspectacular but steady debut just above 195p on Tuesday and a close at 196p. By Wednesday's close the stock had inched up to 202p and was at 205p by late Thursday morning.

Concentrated

The top 10 orders in a highly concentrated UK long-only dominated book accounted for about 65% of the deal. That required a high degree of scaling back for others with 20% of orders allocated nothing, including all those who did not meet management. Conversion from one-on-ones in the UK was upward of 70%.

Alongside UK mid-cap specialists, there were a small number of orders from France, Continental Europe and the US.

"We had very broad engagement from a wide range of long-only investors, with very few momentum players," said Warren. "This was a very high-quality book with close to 100 accounts that had really done the work. That says a lot for this market in terms of breadth and depth."

Barrier to entry
Key to the equity story was resilience and a protected business. HellermannTyton maintains 20,000 product lines. The cost per product is clearly very low, but the size of the business and the economies of scale it has established in producing more than 12bn items a year is an effective barrier to entry, as borne out by the numbers.

The company achieved organic sales CAGR of 11.5% and margins of around 20% since 2010.

Adjusted Ebitda margins have been consistent at 15.3%, 20.1%, 19.7% and 19.5% for 2009–2012 respectively. Revenues grew by 34.2% in 2010, 14.6% in 2011 and 8.6% in 2012 to €514.2m. Pricing represents an estimated 2013 P/E of about 10, compared with a UK industrial average of 12–13.

As befits the marketing story, first-day trading volumes were unspectacular, with just 11.41m shares changing hands, representing 10.5% of the base offering of 108.69m shares.

Primary issuance of 15.3m shares raised £29.83m for working capital and bolt-on acquisitions. Secondary selling of 93.38m shares largely came from private equity house Doughty Hanson, alongside a small number of shares from management, to raise £182.1m. There is also a 10% secondary greenshoe from Doughty Hanson, which if exercised would increase the free-float to 55.5% from 50.5% currently. Goldman is stabilisation manager.

The market cap is £419.9m. Doughty Hanson is left with a 46.1% stake on the base offering, subject to a 180-day lock-up.

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