Hat Pin Share Discussion Threads

[cockneyrebel] 14/7/2004 07:42

In the Guardian today, according to Citywire

"Talk that Hat Pin is working on a transformational US acquisition"

CR

[cockneyrebel] 12/7/2004 15:05

Looking at last year, 1.3p eps in H1, 2.2p eps in H2.

A bit higher tax this year but bags of scope to beat H2 last year by some way which could mean eps for this year way over the 4.08p forecast. May well mean a single digit PE for this year and a forward PE of low single digits.

If the punters can't see the upside, where's the downside?

I think these are only up a little as some dud decided to sell 30K into the news - watch the buying as the interims approach imo.

CR

[cockneyrebel] 12/7/2004 10:29

No, sorry, haven't really followed it. I fell that when there's recruiters about growing earnings at 100% or so and on a single digit PE like this and NRG then I don't need look eslsewhere really.

QTA is another one - results early Aug.

I'll try to have a look at Spring Group.

CR

[lafiamma] 12/7/2004 10:18

CR,

Do you have any thoughts on SRG (Spring Group). Another recruiter doing well, but it's on a forward PE of around 18-20, from memory. I have no position in it, but it's on my watchilist as it can really move when it gets a wind behind it...

laf ;-)

[cockneyrebel] 12/7/2004 10:14

Typical damp response from so called 'investors' as the market is weak in general I guess. The way to make money is buy when things are weak imo.

These were tipped in Investors Chronicle recently - I'd expect them to give that tip a follow up after this statement and prior to the results in September - seems the punters need to be 'told' what to buy rather than bing able to think for themselves.

1.3p eps in H1 2003 - results will be "significantly ahead of the same six-month period in 2003"

Got to do 2p+ in H1 imo and this will mean the 4.08p earnings forecast for the year will be smashed.

Just wait till the likes of QTA, NRG, MPI, RWA, HVN all start reporting great results, the punters will be on the sniff for the cheapest recruitment companies aroud then imo.

CR

[realcooltrader] 12/7/2004 09:15

Excellent news, but nobody appears to be queuing up to buy.

[longsider] 12/7/2004 08:58

Fantastic news, hopefully this will help raise the awareness of this liitle gem.

[lafiamma] 12/7/2004 08:51

3 v 1 on Level 2 as well, so it may well be sustained...

[cockneyrebel] 12/7/2004 07:30

So I was right, it was option 2 then :-)

These are going to bust full year expectations by miles - single digit PE, a third the industry average and growth is mega. None of those intangibles on the balance sheet either - clean organic growth!

Look at the past chart and how these are geared and start to motor when they get going - has doubled in no time in the past.


£1 come the interims in Sep well possible imo.

Check out NRG too - results mid Aug.

CR

[cockneyrebel] 07/7/2004 12:50

What's going on then - 40K and 25K trades - look like sells but level II has got firmer.

A bigger buy being filled -or perhaps these trades are director buys - they always seem to get a better deal than the rest of us.

CR

[cockneyrebel] 06/7/2004 17:37

FTSE - I haven't a clue but as long as it trades fairly sideways we'll all make money in the better stocks imo.

The interesting thing today was that all the mm's moved the bid up 2p like that - they are usually slow and reluctant movers.

Several possibilites imo.

1) Director buy being filled (needs to be done about now, before the closed period)

2) They are going to put out a trading statement (I doub't it - there was director dealing a couple of weeks ago - I'd expect an announcement in a few weeks at least.

3) Going to be tipped in Shares or IC. A while back I went to buy more at the close of play on a Weds and the mm's wouldn't sell within spread, saying they were going to be tipped in IC. As it happened it wasn't in that week but the week after - so they get to know. These are so illiquid that they really have to chase it on a rally - could be very good if there is news judging by their move today.

4) MM's have been asleep and got low on stock, were caught out with a 10K buy (I doubt it).

A great little stock - only way is sideways or up between here and the results imo.

CR

[gd150772] 06/7/2004 16:45

CR

Well considering how fragile the market is at the moment I think something is aloof. Only 18000 traded today and up 3p, just shows how little volume can get HTP moving. With the recent director purchases I guess a trading statement is odds on.

Incidentally what is your views on where the ftse will be at year end?

GD

[cockneyrebel] 06/7/2004 16:32

gd150772

yes - and look at the chart in the past when these surprised - up like a flag pole.

if they did do 3p in H1 then 7p is well on the cards for the year, perhaps much more.

2.2p done in H2 last year - while their tax rate goes up this year I still think 7p could be hit for the year. Put that on a very modest PE for the sector like 15 and you're over a quid! And if they did do better than that.............. :-)

CR

[lafiamma] 06/7/2004 15:42

Nasdaq down 2% and now 2 MMs moving up to the 58p bid. Either a very big buy working its way through or the MMs really do know something's up!
laf ;-)

[gd150772] 06/7/2004 13:41

Glancing over the AGM again, it's encouraging to see HTP placing a lot of senior executives. These kind of guys don't get out of bed for less than a 100k..If you look at this in relation to HTP's forecast pre-tax profit (500k = 4p of eps) It wouldn't surprise me at all to see H1 eps @ 3p which would make a complete mockery of the current forecasts.

Good luck to all holders (myself included)

GD

[cockneyrebel] 06/7/2004 13:15

I think NRG on the face of it look better value. They have said they will substantially beat expectations and are trading on a forecast PE of 11.8, miles below their counterparts in this sector. This forecast is probably way too low and the forward PE single digit imo.

HTP trade on a forecast PE of 14.6 and forecast growth is less than that being achieved by NRG this year. However the noises coming from HTP sounds as if the current estimates ar way too low and I expect a trading statement and upgrade.

My guess would be that bith are growing at an astonishing rate and trading on single digit PE's. HTP have a big chance of surprising to the up side strongly.

I lke both - NRG is probably the safer bet, HTP probably has the bigger scope to surprise.

I'm holding both 70% NRG and 30% HTP. HTP is more illiquid and so more risky imo.

You pays your money, you takes your choice :-)

CR

[lafiamma] 06/7/2004 13:14

Cheers! I'm in NRG with a small amount at the moment, I prefer HTP for its growth prospects, with NRG in second place!

laf ;-)

[caecilius] 06/7/2004 13:13

I beg your pardon, I used a 6 month old EPS figure. Fool. NRG is very undervalued!

[apcx] 06/7/2004 13:11

laf

I feel the future p/e of NRG is lower than HTP, also the price has hardly budged since their last trading statement which was extremely upbeat.

both stocks undervalued matter of opinion which is the most.

[smow1] 06/7/2004 13:08

Nope - NRG are the cheapest by a mile with a forward P/E below 10 and have issued trading statement saying they are ahead of well ahead of expectations. HTP looks to be the second cheapest but no trading statement yet so more more risky.

[lafiamma] 06/7/2004 13:03

apcx, why do you think NRG is better value (not arguing the fact, just interested...)

Cheers,

laf ;-)

[apcx] 06/7/2004 13:02

Not sure I would say HTP is cheap relative to NRG. In fact I would rate NRG the better value, but both are excellent plays imo.