Share Name Share Symbol Market Type Share ISIN Share Description
Haynes Publishing Group LSE:HYNS London Ordinary Share GB0004160833 ORD 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 120.00p 115.00p 125.00p 120.00p 120.00p 120.00p 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 25.7 -2.5 -11.8 - 8.22

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Date Time Title Posts
13/10/201613:59 *** Haynes ***230.00
21/2/200820:47Cars and SEX!!! A winning combination if ever...30.00
18/1/200612:53haynes publishing results soon64.00
31/7/200221:03Undervalued Haynes1.00
22/3/200015:27Haynes a director-

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DateSubject
03/12/2016
08:20
Haynes Publishing Daily Update: Haynes Publishing Group is listed in the Media sector of the London Stock Exchange with ticker HYNS. The last closing price for Haynes Publishing was 120p.
Haynes Publishing Group has a 4 week average price of 122.58p and a 12 week average price of 120.92p.
The 1 year high share price is 130p while the 1 year low share price is currently 95p.
There are currently 6,851,540 shares in issue and the average daily traded volume is 2,239 shares. The market capitalisation of Haynes Publishing Group is £8,221,848.
13/10/2016
13:59
profdoc: One-third of Haynes’ (LSE:HYNS) revenue comes from a nicely profitable online information service for professional mechanics. Turnover in this business, HaynesPro, has doubled in eight years to about £8m, after rising by a very impressive 29% last year. Furthermore, in the Report and Accounts just published the directors say that the 2016/17 year has started very well for the professional side of its business, with “strong first quarter trading”, so further profit gains can be expected. It is the market leader in many European countries, with a duopoly in the UK and close to monopoly in other countries (e.g. 90% of the German market), with 40,000 customers, consisting of both independent auto repair shops and manufacturers of diagnostic equipment. Of the five major vehicle diagnostic equipment groups, three select HaynesPro as the preferred supplier. Its customers are subscribers rather than outright buyers, thus there is an ongoing source of income and some degree of customer captivity, i.e. mechanics’ familiarity with the HaynesPro system, combined with natural human inertia, mitigate against switching to competitors’ offerings. It offers data on 19,000 vehicles in 25 languages with over 1,000,000 data requests per day, helping with: •maintenance and repair methods; •tracing and fixing electronic faults; •links to component codes; •ordering the right parts; •job cost estimates; •comfort wiring diagrams. There are 90,000 drawings on the system to help mechanics deal with a bewildering array of vehicles. HaynesPro makes an operating profit of at least £1.5m, occupying more than half of the Group’s 236 employees. It is set to take on more staff, while the older paper-based manuals business sheds people. To put HaynesPro profit in perspective: the Group’s market capitalisation is £19m, at a share price of £1.25. (Previous Newsletters for Haynes: 11th – 19th Feb 2015, 8th – 12th Oct 2015, 29th Oct 2015, 4th – 9th Feb 2016, 18th May 2016) (I bought at £1.159 in February 2015 and have received 15p in dividends, if you count next month’s 4p) Some data: While the professional division has enjoyed impressive revenue growth, UK printed manuals (paper plus online resources) have fallen over five years – see table. Whereas in 2012 UK mechanical enthusiasts bought over £7m of manuals, in the year to May 2016 less than £5m were sold. In fact, UK manual sales have halved in a decade. The fall of manual sales in America over the decade is also worrying, from £15.2m to £11m. But, the decline is most dramatic for Australia with sales volumes only 44% of what they were five years ago. With volume falls of this magnitude you can understand why investors have abandoned Haynes, pushing the share from over £4 to only £1.25. The sellers do not see a future for a business that expensively strips down a car, writes a manual and then tries to interest DIYers in buying it, when they could access information from the web for free, or get the local garage to work on the ever more complex repairs and maintenance jobs. Revenue and operating profits Revenue £000s 2016 2015 2014 2013 2012 United Kingdom (mostly printed consumer manuals) 4,918 4,741 5,950 6,808 7,415 Rest of Europe (mostly Professional, “HaynesProR21;) 7,971 6,700 6,591 6,106 5,918 USA (manuals) 11,021 11,963 12,685 11,164 12,888 Australasia (manuals) 1,093 1,859 2,751 2,553 2,496 Rest of World (manuals) 707 802 1,307 1,001 1,097 Analysed as follows: Printed products 17,575 19,454 22,955 22,209 24,692 Digital 7,945 6,377 6,073 5,160 4,698 Rights and licenses 190 234 256 263 424 Operating profit Op. profit (UK + Europe) 1,471 623 949 890 1,762 Op. profit (N. America and Aus.) 340 1,237 2,612 1,755 2,625 And yet, there are glimpses of light for the automotive and the non-automotive manuals businesses. For one, UK sales rose over the last year. Second, operating profit in North America remains positive, despite volume reductions. I’ll look at some more reasons for hope in the next two Newsletters.
16/2/2015
11:14
profdoc: In last Friday's Newsletter (http://newsletters.advfn.com/deepvalueshares/) I ask if Haynes' current share price low relative to the average of the last eight earnings per share numbers? Convincing research shows that using the earnings per share, eps, averaged over a 7 to 10 year period to compare with the current share price (rather than just last year’s eps) helps to identify grossly under-priced value shares. These tend to out-perform both the market as a whole and a portfolio of value shares selected based only on last year’s eps – see my Newsletter posted 4 February 2015. The answer reveals a current share price only 5 times greater than the average eps over eight years. Given the evidence I previously presented of the market tending to underweight the potential for "reversion to the mean" in earnings growth I think this gives us an indication that this share is worthy of more investigation. In the next Newsletter I'll look at Haynes from the perspective of Piotroski factors. Then I'll consider the strength of the economic franchise and then the quality of management and the company's stability. Glen
11/2/2015
10:56
profdoc: Haynes intrigues me because the market seems to think it is out-dated and destined for nothing but decline. My analysis indicates otherwise. I think it qualifies as a deep value share on the basis of its average earnings per share over eight years, its high Piotroski score, good business prospects, able managers and stability. I'll post the analysis in my Newsletters (http://newsletters.advfn.com/deepvalueshares/)over the next few days. But here is what I posted earlier today (ADVFN don't like me to post much on the free BB, so I can't post any more here - sorry). I would value your views - perhaps I'm too optimistic? Regards Glen "How would you like to buy a stake in a hi-tech B2B e-commerce company that already has 40,000 online business subscribers, making it the market leader in Europe? It has a strong brand and a history of high profits relative to its current share price. Oh, and I nearly forgot, it publishes paper books – over 2,000 different titles in 15 languages. It is the market leader for these types of books in the UK, USA, Australia, most of northern Europe. And, in case you were thinking that books are a little old-fashioned, not very hi-tech, well they have been working on that too. Now most of the car and motorcycle manuals have online versions with neat videos and other additional features helping the DIYer and professional alike. The 40,000 online subscribers I mentioned are just the professional lot who pay an annual subscription to gain access to a comprehensive database. These are mostly garage mechanics who need technical information on maintenance and repairs, tracing and fixing electronic faults, links to component codes, ordering the right parts and job cost estimates. Can 40,000 hard-nosed mechanics be wrong? Haynes must be doing something right to get their orders. On top of the 40,000 professionals there are many more keen amateurs subscribing to an online Haynes manual (LSE:HYNS). In the face of all the gloom and doom in the stock market about the firm, it must be noted that in the last 8 years it has never made a loss, with the lowest earnings per share of 14.2p and the highest at 31.6p. Throw in the dividend yield of 6.5% and you certainly have my interest kindled. And you can buy into a company of this quality for a share price of 115.9p, or a total market capitalisation of £17.5m. This is a share for my modified-PER portfolio: It looks good on the ratio of share price to average eps over eight years, on Piotroski factors, and on the key qualitative elements. By the way, I’ve been following this company for a decade without buying. There was always the nagging doubt that DIY maintenance and repairs was going out of fashion. On top of that the share price was two or three times what it is now. Following a sharply lowered share price we now also have eight straight years of profits; if this business is headed for the dustbin, how come it keeps on reporting profits? Perhaps it has found ways of profitably growing beyond its paper manual origins that the market has not yet cottoned on to? In tomorrow’s newsletter I’ll focus on describing the three businesses created by Haynes. Future Newsletters will consider the earnings history and earnings prospects, Piotroski factors, key qualitative factors and the elements about Haynes that still trouble me."
31/1/2013
07:56
topvest: Dividend cut - be interesting to see what today's results will do to the share price. I was expecting about a £1m profit, so slightly better than could have been. But, unless they start getting some revenue growth prospects look tough. Will look at further later, but the decline in print sales continue to exceed the modest growth in digital.
29/8/2008
16:02
cockneyrebel: Does everyone want to go onto the Internet and faf around like that to save a few quid? Then it's hardly likely to be in a user friendly way that Haynes provide. Often you might print something from the internet then start a job then realise you need to go back and find something else - a lot of faffing around only for the die hard tight-Rs if you ask me spod. Also sales into the US - the rising $ and the number of people out there looking to reduce their fuel bill seems to scream they should be doing well. The fact they have had such a turnaround in fortunes when they were cutting the divi speaks volumes imo, especially with the directors buying today. I had my eye on these as a stock to benefit from the $ rise - results caught me right out. I wouldn't mind betting from the way they talk that they could possibly do 40p eps for the coming year and pay an 18p divi for the year. 'If' they do that then in a years time you might be looking at forward eps of 50p What share price then if that's the case? I bet the market might have a much calmer sentiment by then, fwd PE might be 10 say, you'd then see the shares at 500p and would have had nearly 30p back in divi - over 200% return on your investment. All conjecture and many a slip from cup to lip but a fwd PE of 5 and at least 26p back in yield even after today's rise looks a screamer even if earnings for the year ahead end up as 35p and the PE goes to 7 - you still make around £1 a share. CR
04/11/2007
22:23
illiswilgig: Sorry missed the AGM statement until now. No its more that Haynes management is very predictable than I can through a crystal ball. But in a strange way boring is good, and whilst the share price is treading water at the moment - a lot of shares have had a very bad time in the last few months. HYNS cashflow is very good, and they've not been spending the cash on expensive acquisitions (famous last words) so perhaps we can look forward to a nice rise in the divi whilst we wait for them to tune up their growth engine. The reference to a large web audience in the US is intriguing, but unfortunately it seems unlikely that they will manage to do anything to capitalise upon this in the near term, cheers for now Mark
17/10/2007
17:49
illiswilgig: Hi there wad, it's to be expected that there will be downwards pressure on the share price for a while yet as the US and Oz profits dominate. However HYNS is now rejuvenating its european business, which is less dominated by the traditional manual business anyway - so in the medium term I expect the business to return to growth. In the short term the downside depends entirely upon the continued dive of the dollar in my humble opinion, I remain a holder, cheers Mark
02/7/2003
23:20
37dolphin: 2003 Y/E Analyst forecast before todays positive trading statement:- Sales - £40m Profit - £7m eps - 28p Current market cap of £39m at a share price of £2.55 would give a forward P/E ratio of 8.9x based on eps of 28p. Current market sector P/E ratio of 17x? Seems a lot more upside in the share price to come? Any views?
Haynes Publishing share price data is direct from the London Stock Exchange
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