Haynes Publishing Share Discussion Threads

[gingerplant] 07/10/2011 14:10

Haynes Publishing

It's difficult to see growth coming at Haynes Publishing (LSE: HYNS). But at 215p, with net tangible assets of 263p per share, maybe it doesn't need to?

The fully-listed car manuals producer has made a change of gear into electronic publishing. Its final results show a company yielding 7.3% (the shares went ex-dividend by 9.5p this week) and on a P/E of 7.4.

Haynes thinks the digital shift will help it grow. I think the economic woes will see more DIY mechanics buying the company's wares. Whatever way you look at it, it's too cheap.

[topvest] 25/8/2011 08:20

Yes, good performance - first increase in the dividend for a few years which says it all!

[aleman] 25/8/2011 07:36

Cash up. EPS up. Dividend up. Pension deficit down. Dull but good results. Shares should perk up a little when they do something with the growing cash pile.

[davidosh] 24/6/2011 08:02

They certainly appear very excited about this move judging by the tone of the RNS....

[aleman] 13/6/2011 11:00

The pension deficit shrank from £14m to £12m at the interims.

[wad collector] 13/6/2011 09:46

The pension fund issue remains a bit concerning looking at that.

The brokers don't seem to have any recent recommendations , Smith & Williamson forecasted EPS of 30 p and DPS of 16p for next year , but that was in January.Can't find any others.Too small a company I suppose, and not in an exciting sector.

[chingman] 10/6/2011 12:42

Writeup here:

[wad collector] 28/4/2011 22:01

Thanks for that Aleman.

[aleman] 19/4/2011 10:33

Another year of no growth thanks to US weather then? Still, cash will have increased further to around £6m so that'll be another acquisition or a dividend increase to come - or maybe even both.

[aleman] 05/4/2011 18:27

If the header had been created with a standard ADVFN 3 chart display (which you see on most threads), you could have clicked on any of the three which opens a new charting window where you can put in any timeframe you wish. Go to another thread and try it. Pick any time you want ("all" gives you as far as records go back) and bring up whichever company you want by typing its epic code in the appropriate box. (Works also with indices like LSE:ASX.) There are other types of charts if you click on the "charts and research" options arrow at the top of the page - but some of the ones with live feeds "time out" quickly through office hours.

[wad collector] 05/4/2011 15:18

Grumbling up a bit last few weeks .I like the 18 year header chart - it puts things in perspective .Anyone know how to access such a long term chart for other equities?

[aleman] 08/3/2011 13:33

Spread is 235/243. ADVFN's habit of reportimg last trade rather than spread is often misleading. The 280p looks rogue but it doesn't reflect well the real price when a late trade is reported or one outside the spread for big volume. They should go back to the old way of streaming mid-spread share prices as other sites still tend to.

[wad collector] 08/3/2011 12:08

Appears to have soared to 280p , but looks like a rogue trade to me.We shall see.

[aleman] 19/11/2010 16:39

I've bought a few more. It's fallen back a bit too far. The company might not set the world alight but it is building up cash on the balance sheet while paying out a generous dividend. It will able to use that cash to expand in some way so growth will probably step up in a year or two. Meanwhile, reinvesting the 7.5% payout will provide a modest return, anyway. Most yield shares have been rising this summer. These should really be more like 250-300p.

[investoree] 06/10/2010 13:52

Having held these for many years and recently averaged up from £1.17 (same price J H Haynes bought in) up to £261.9 I am now averaging down on the basis of them continuing to pay out the same dividend payment. The Haynes family have a substantial shareholding which should align their interests with ours - any bid without their agreement is therefore unlikely - although they might perhaps decide to take the company private themselves.

There seems to be a seller who is dumping shares which is depressing the price, perhaps J H will decide to buy a few more to add to his collection and support the price - or not as the case may be. At least I have the 9.3p dividend to come which is due to be paid out on 30th October - should the price dip below £2 I will certainly be adding more.

[topvest] 06/10/2010 13:29

A bit of an over-reaction here, given it's a steady financial performance and no doubt we will still get the same dividend.

[aleman] 06/10/2010 10:29

And what about Vivid? The appointment of Kwartz to the board should lead to further expansion of the internet side. The push onto internet means you get other stuff like tools and parts numbers,suppliers and links to buy them which even the manuals don't have.

[spob] 05/10/2010 23:58

The internet is a big big problem for this company.

Apart from all the excellent cd-roms you can buy for peanuts, there is the issue of EBAY.

I mean, if a Haynes manual exists for your car, you can nearly always buy a mint condition example on ebay, for half the retail price or less.

And also, car forums mean i can always find a solution to any issue with my car, without even looking at a manual.

[rolo7] 05/10/2010 22:03

halfords have had stock problems in there stores (due to new warehouse) which may have caused for some of the uk loss?

[investoree] 05/10/2010 10:20

Aleman I agree with you that the reaction seems a little harsh and have topped up with another 1,000 shares this morning @ 214.9p. Although on Level II my buy is showing as a sell along with perhaps some of the other earlier trades that I suspect could also be buys as he MM's progressively marked down the price. The price seems to have stabilised now and perhaps the 200K buyer may hopefully return! GLTAH

[aleman] 05/10/2010 08:45

That's a rather harsh reaction. US accounts for 2/3rds of profit and revenue is up there. UK is poor but I've noticed more families staying at home in the UK for holidays and the odd holiday influences on trading for some companies have been stronger this year. As Q1 takes in all the school holiday, I fancy there is a chance revenue will bounce back a bit in the UK in Q2.

Another way of looking at it is that UK and Europe was up 8% last Q1 with the UK up 10%. Perhaps this year has just reverted to the mean after a strong comparative and is no cause to worry, even if a little disappointing.

[wad collector] 05/10/2010 08:31

Ah , thought things had been going too well recently.Down 25p with a downbeat management statement.
I wonder about the long term manual market.Haynes don't publish a manual for either of my last two cars ( neither unusual) and so I bought CDROM copies off ebay for a couple of quid.Couldn't do that a decade ago.

[rainmaker] 29/9/2010 11:21

there's a big buyer around-200k bought today 260p despite the share going ex dividend and a similiar purchase yesterday.

regards

[wad collector] 29/9/2010 08:29

XD 9.3p today.