Harvey Nash Grp Share Discussion Threads

[xajorkith] 22/11/2017 13:45

Another vicious (and unwarranted imv) mark down following the downgrade to UK economic growth forecast announced around 12.50pm.

Given they are almost always wrong, I see this as a clear buying opportunity given HVNs ongoing cost cutting, revenue growth & earnings momentum.

Just my opinion of course, so dyor etc......

[amoore70] 20/11/2017 16:15

abcurtis
20 Nov '17 - 09:43 - 3191 of 3193 1 0

Might be related to the possibility of changes to the tax treatment of contractors being announced in the budget


Don't thing so, I am an IT contractor and don't see this as being the reason. If the changes go ahead then rates will just go up to cover the extra tax up which means more money for agents. This is what has already happened in the public sector.

No idea why it's dropped though today.

[shauney2] 20/11/2017 16:01

HVN doing its SETS thing.Down 7% on small volume.

[gleach23] 20/11/2017 10:23

essential...there was some volume in the first half hour (25 trades, 77k shares and all sells) but it was all on the NEX exchange...looks like a number of stops taken out

[abcurtis] 20/11/2017 09:43

Might be related to the possibility of changes to the tax treatment of contractors being announced in the budget

[essential] 20/11/2017 09:28

On tiny volume though

[deadly] 20/11/2017 08:31

13% drop this morning on no news!

[xajorkith] 03/11/2017 13:07

£1 a big psychological barrier, but once cleared this may quickly run towards 15 year highs around 120/125p imv.

Still seems very undervalued, despite the recent performance.

[sophia1982] 26/10/2017 16:37

2 million shares traded today

[edmundshaw] 26/10/2017 16:10

That note does not even mention the potential effect on margins from the active investor DBAY, who hold 26%+ of the shares. Dbay are surely going to try and extract more value for investors using their clout with the board.

[xajorkith] 23/10/2017 16:12

Not an IC subscriber but was able to read the article via a simple google search (IC Harvey Nash Buy).

Link was the same as posted but didn't block me for some reason?

[sophia1982] 23/10/2017 12:03

Mongrels, can you please publish the article?
Thank you

[cwa1] 20/10/2017 08:18

Unfortunately subscriber only, any chance of a precis?

[sophia1982] 12/10/2017 19:14

Basically DBAY and Miton AM have the votes to do whatever they want.

Ellis became CEO in 2005 and personally I consider his track record in shareholder value creation not satisfactory.

[gleach23] 11/10/2017 12:13

Expecting this modest but persistent buying for the last couple of weeks to result in an attack on £1 soon...it's been well bid over the course of that time so strong demand imo.

[xajorkith] 03/10/2017 07:46

Maybe Zoolook ;-)

Appointment of Adrian Gunn & DBAY influence more important going forward imv.

[zoolook] 03/10/2017 07:29

The management belong in the past

[xajorkith] 02/10/2017 19:04

As the quote goes, “the past is a foreign country: they do things differently there”.

I certainly hope so as very cheap on so many many metrics; just look at their Stockopedia page - dark green everywhere & a StockRank of 98.

- Forecast PE of 7.3
- Forecast EPS growth of 24%
- Forecast Div Yield of 5%
- EV to EBITDA of 5.72
- Price to Sales of 0.084
- Price to Free Cashflow of 4.70

……to name but a few.

Throw in strong revenue growth (albeit low margin), continued cost cutting & further earnings enhancing acquisitions, and you have the foundations for a significant re-rating imv.

Macro-economic factors aside, I believe the next six months may prove to be far more significant than the last six years.

DYOR etc……

[yf23_1] 02/10/2017 17:34

Concentrating on margins LOL - what have the mgmt been doing for last 6 years ?

[sophia1982] 02/10/2017 16:17

I think and I hope that this situation will change soon...

[deeppockets] 29/9/2017 16:59

Ridiculous that these Directors are getting so many shares. The share price has done nothing for years yet they get paid a fortune - CEO and Ops Director need to be moved. Ben there too long!

[sophia1982] 28/9/2017 09:28

Although almost nothing is impossible, this move by Dbay removes (or reduces) one scenario which was detrimental to most imvestors: a low ball offer for HVN (what DBAY did with Creston).

This is very positive.