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Real-Time news about Hat Pin (London Stock Exchange): 0 recent articles
|cambium: Interesting point in the share price graph, I have held these many times b4 and have waited and waited. Good luck to holders.|
|fozzie: Well well, what have we here. A great set of results that have come in above market expectations.
Profit before exeptional item 602,000 (350,000)
Turnover 4.2m (3.6m)
Adjusted earnings 5.1 (3.0)
Basic earnings 4.5 (3.0)
Cash 1.2m (0.5m)
A return to a dividend of 1p per share as well.
A positive outlook from an obviously very satisfied chairman to boot. Now the 64,000 dollar question. Will these results be good enough to lift the share price - at last ? I have held far too long for no reward, but its a virtue isnt it? Foz.|
|johncsimpson: Don't understand the share price at all. Marked up before trading and now down.
Think I'll go another 5000.|
|daunker: The results date is mid september isn't it? All the other recruitment companies have posted good results, I see no reason why HTP especially after their bullish statement in july can't do the same, then the share price will surely motor north.
|cockneyrebel: Well as I said, the best old Harvey could do was a loss of 0.74p per share after a basic loss of 8.7p.
HVN have great exposure to an upturn and IT recruitment but a rise from 0.92p loss to a 0.74p loss isn't stunning is it?
Hat Pin had en eps rise to 3.5p from a loss of 2.2p - staggering - yet they trade at just 60p. And they have massive exposure to any upturn as they specialise in media recruitment that will benefit from the Olymoics, US Election and Euro 2004 this year - listen to what WPP are saying.
HVN cashflow looks rotten - HTP cashflow is much, much better.
So what do you like - a miserly reduction in losses and a 90p share price with HVN or a 5.7p increase in earnings and a share price of 60p?
The market will catch on eventually - probably around the HTP AGM on May 1 when they sing about how well they do.
Investors Chronicle should cover both next Friday, after the results this week.
|gd150772: Looking forward to what Evos say about HTP. By the tone of HTP's report I think they will want to make a huge impression, which should hopefully translate into an uplift in the share price.
In a normal market I think HTP's share price would be well into the 70's by now. I'm sure once a bit of sentiment returns holders will be rewarded accordingly.
|150772: From this weeks I/C - Take Aim, go higher.
THIS YEARS LIKELY WINNERS. HAT PIN
Hat Pin looks set for further gains as its market picks up. The business provides recruitment services to the advertising, marketing and public relations sectors. On 13 January, Hat Pin said it would MORE than meet current expectations for 2003, adding that the company had won a number of high-profile appointments in both the UK and the US. So far, the shares have gained 20% since that staement.
The latest forecasts for HTP were made in September by its then house broker, Teather & Greenwood. These estimated that the 6m market capitalised business would make revenues of 3.3m in 2003, rising to 3.7m this year. The EPS estimate for 2003 was 2.7p, rising to 3.5p- that puts the shares on a p/e ratio of more than 20 times, falling to 16 times for 2004.
One suspects that HTP's new house broker Evolution Beeson Gregory - appointed in October and yet to issue a research note - is keeping it's powder dry for the results.
What strikes me about HTP is if you look at the revenues they generate in comparison to it's market cap of just 6 million - Furthermore if you consider HTP's historic share price - The shares must have further to go IMO.|
|cockneyrebel: Michael Page - Results on the 25th Feb.
Expected to do 4p and say they will meet.
4p eps - and a share price of 188p! Ya avin' a larf.
Look at Hat Pin (HTP) - will do more than 2.7p eps for the year when it reports in March, says results will 'more than meet expectations' - and the share price - 64p to buy.
4p eps for 188p in MPI,
2.7p eps for 62p with HTP
Both have similar forecast growth.
Hat Pin focused on media recruitment too, so should benefit from US Election, World Cup, Euro 2004 media coverage. Also likely to pick up job hunters from Granada/Carlton Merger and possibly provide people for any shake up at the Beeb.
Hat Pin results due around 27 March.
|cockneyrebel: Okay then, what do you think to this as a potential doubler?
Hat Pin (HTP)
I have to confess to holding these for some time and haven't gone overboard in highlighting them as I wished to top up pre results. These are illiquid and the price often moves on 5K traded or less so I've had to time my buys when the market is weak, after a buy or news. Just got another 10K in spread at 55p.
Hat Pin are a recruitment company that got hit along with everything else What's really good about this company is that they really got things trimmed and back in shape fast, closing offices and opening new ones. With the market picking up then rectuitment should pick up briskly. Hat Pin are involved in media recruitment. Accordsing to WPP, 2004 is going to be a big year for media with the Olympics, US Election and Euro 2004.
Hat Pin already posted 1.3p eps in H1 compared to a 2.2p loss last year. They are expected to do 2.73p for the year followed by 3.52p next year.
Hat Pin have already said they will beat estimnates for the year and so are fantastically cheap for the sector. Trading on a PE of 20 for this year, this falls to 15 for the year ahead. These PE's are lower if they beat in H1 and get next year upgraded. The share price is 56p to buy.
Now compare to Harvey Nash HVN. They are expected to do 1.6p eps this year and 3.06p next year. They have said they will beat estimates too. They're share price is 97p to buy putting them on a PE of 60 falling to 32 next year.
Michael Page is anothe recruiter, this is trading on a PE of 54 falling to 35.
HVN PE 60 falling to 32
MPI PE 54 falling to 35
HTP PE 20 falling to 15.
When you look at the ratings the recruitment sector is on to realise how cheap Hat Pin are. HTP buys you 2.7p eps for 56p a share whereas HVN buys you 1.6p eps for 97p. On that basis if HTP were on a par with HVN it's share price would be 160p a share!
Now I'm not saying it will just re-rate to that overnight or that it will ever re-rate to that but HTP look like a banker to me to rise well on the March results. Not as low risk as the seven I posted at the top but potentially a faster doubler than some of those imo and with the company already saying they will beat estimates the short term risk looks limited.
With Hat Pin focussed on media recruitment this also seems a big plus for them this year. I hear there's a couple of big places to fill at the Beeb at the moment anyway :-)
I'm sure you'll do your own research and come to your own conclusions.
|cockneyrebel: Well, results tomorrow or Friday.
With brokers estimates of 2.75p eps for the year, the PE sits at 19.
I think that 1.2p or there about would be expected for H1 with an even better H2 at around 1.6p allowing for the continued growth expectations over the next 6 months.
Should be a good couple of peer comparisons tomorrow.
Michael Page (MPI), 2p eps in H1, share price 161p.
Robert Walters (RWA) 1.2p eps in H1, share price 93p
Harvey Nash (HVN) -2p eps in H1, share price 60p (HVN say H1 loss similar to last year).
I think 1.2p eps in H1 and a share price of 53p looks rather attractive compared to the stocks above.
Hat Pin share price data is direct from the London Stock Exchange