Hayward Tyl Share Discussion Threads

[rhomboid] 02/11/2016 14:17

I note that Mr Sneller held 10% of cyprotex that got taken over recently at 1.60 a share, roughly 3 times what he paid for his shares over a year ago. A great call and one I'm sure he'll emulate here.

[rogerrail] 02/11/2016 10:39

shaker

no, far from it, the share price has held up strongly since a poor trading update principally due to the buying of Mr Sneller, otherwise I would expect it would be well below 80.

[shaker44] 02/11/2016 08:39

Mr Sneller, mentioned above has been adding more and now has over 6%. bought 500k more in each of the last 2 days. And apparently buying on his own account not for a fund? Surprised so little movement in SP

[rogerrail] 01/11/2016 12:01

no, not on twitter.

Thinking about it , whilst no doubt a lucrative contract, I am not so sure how significant the value of the Astute steam turbines order is in respect of overall turnover of PB.

[rhomboid] 01/11/2016 11:56

Thanks for that information RogerRail , that's very interesting, are you on Twitter btw?

[rogerrail] 01/11/2016 11:52

Highly skewed H2 weighting may be due in part to the lumpy nature of stage payments for the steam turbine order for the Astute class submarine. I understand that PB are involved in new build boats 6 and 7 which were scheduled for delivery in 2022 and 2024, so stage payments for one or both would be a big boost to revenue regardless of whether or not the work was completed in the period. Boat 6 Agamemnon is under construction, whilst boat 7 Ajax is confirmed but order yet to be placed

[cerrito] 28/10/2016 11:12

I see the new 4.7% shareholder Mr Sneller is the lead Emerging Market Equity person for Baillie Gifford and even if he had started with just under 3% would seem to have spent at the very least £600k recently on purchasing HAYT stock.

[value hound] 27/10/2016 20:15

Agreed rhomboid. To make expectations for the year means they'd have to make c.£10m in H2. This may seem improbable, but they've been fairly emphatic that they will. So anything anywhere near that performance for future full years would make the current £46m valuation VERY cheap indeed - even accepting for the fact that there are various special circumstances for the current year.

Finncap have ptp forecast at £6.4m for next year equating to a P/E of 10.5.What interests me is what's do-able thereafter given the investment in the Centre of Excellence - IF they come close to a decent profit, now, for this year?

Bear in mind, too, that almost exactly half the mkt cap is covered by NTAV.

[rhomboid] 27/10/2016 18:38

Hi topvest
Not odd at all if you accept that mgt will deliver on 2H, if so then the run rate thereafter could be rather impressive. They've totally put themselves on the line and having met them I think they're straightforward and worth backing.

[topvest] 27/10/2016 17:58

Really odd share movements here given the recent update.

[jeanesy] 27/10/2016 15:33

i suspect they have been bought up .. share price going up is always a good sign after such big trades.

[investoree] 27/10/2016 15:26

Another strange thing is the close spread just 0.5p at the moment.

[glyn10] 27/10/2016 15:19

Given the volumes I would expect one of the funds offloading a few shares. Strange the share price didn't drop.

[jeanesy] 27/10/2016 13:55

Some massive trades just gone through. Anyone know what they are all about?

[gargoyle2] 24/10/2016 14:36

Given the bullishness of the CEO, I'd be hoping to see some director buys at this level. If there are none, it's going to be pretty difficult to share his confidence

[topvest] 24/10/2016 08:18

I'm out for now. Lost confidence in this one to be honest as the recent update showed a really terrible H1 which wasn't consistent with the Outlook in the final results. I consider myself very lucky to have made a 1% profit in 6 months. Making a profit on your mistakes is great. Personally, I really can't see that they are going to do £60m in H2 but will keep on my watch list to buy if part of this activity moves into next year and they have another warning. Likelihood of another warning this year has to be high in my view. They do seem to be building their order book nicely and the H1 disaster has no doubt been caused by the hole in Peter Brotherhoods order book. Ultimately they need to be able to convert their order book into sales more quickly. This is referred to as a positive in H2 but is really an ongoing operational issue if you ask me.

[red_shed2000] 21/10/2016 19:05

Great day for the believers...

I sold at 84.3 and 82.2 on the way down honestly never thought it would be higher than that for at least a few weeks!

Anyway, hope it keeps going up for the holders.

[cerrito] 21/10/2016 18:58

Thanks for the brr link.
I note he ducked the question of the EU referendum; 60% of last year's sales to ROW ex UK/USA and would be good if we had breakdown of %age of EU sales; my hunch is that not a big deal.
Continue having difficulty making the numbers work but he has put his reputation on the line. Surprised at today's rise and if continues may sell some.

[red_shed2000] 21/10/2016 09:27

Thanks for the link. Well, he's sticking to his guns so good on him. Let's see if he puts his money where his mouth is and buys some shares!!

I'm still dubious unfortunately so sitting on the side for now. One things for sure though, if they hit their numbers it's a cracking buy anywhere below 80p. Just a braver man than me to do it!

Good luck!

[red_shed2000] 20/10/2016 22:07

Like I said earlier, they have to achieve approx 11 million pbt in H2 to meet market expectations. If they do that their run rate in to next year will be off the scale and the share price should quadruple to catch up. As much as I like the company and wish it would happen, can somebody please explain how this can happen?

Until the next update and I can see what's going on I wouldn't buy even if the share price was 10p.... even to break even for the year they have to make more money in H2 than they did in the whole of last year.....

Good luck everyone who is still invested.

[topvest] 20/10/2016 21:02

When operating profit is down £7m at the half year is it really credible to say that they are going to achieve a £4-5m annual profit? Looks like he's going to lose all credibility if his confidence doesn't work out. Sounds very much like he's set himself up for a big problem. I'm going to hold on and hope they achieve at least break even before bouncing back next year when they will have more momentum in the business. I bought at the wrong time though.

[jeanesy] 20/10/2016 19:49

Sorry that this has happened but i did fear this would happen which is why i sold out at the last update. Still watching from the sidelines and may buy again if the price is right.

[value hound] 20/10/2016 18:06

Well I bought in today at 78.5p. It has a bit of everything for me - growth, low rating, reasonable balance sheet and even a dividend. I honestly can' think of a better bargain out there for the patient investor. I hope I'm proved right over time anyway.