Hayward Tyl Share Discussion Threads

[jeanesy] 06/1/2017 16:30

When will the inevitable statement happen.. price still falling so the market is clearly expecting it ?!

[cerrito] 23/12/2016 12:10

Your second sentence Topvest sums up very well how I feel

[topvest] 23/12/2016 10:43

Arthur Lane - and me, but still watching out of interest. Today's RNS shows the objective here - to keep the share price up. All credit to management, for trying their best, but having an RNS for delivering an unquantified delivery feels a tad desperate to me!

[jeanesy] 23/12/2016 09:13

looks like this is heading to new year lows. there is not much confidence that forecasts are going to be hit !!

[arthur_lame_stocks] 23/12/2016 08:12

I agree topvest. That's why i sold out some time ago for a small profit.

[topvest] 23/12/2016 07:50

If anyone seriously believes this will hit its consensus forecast for this year, then they are deluding themselves in my view. Must be at least 80:20 that they will miss. Just far too much to do in H2.

[jeanesy] 22/12/2016 15:15

The jury is still out for me also. If they dont deliver on their promises then this could plummett in price

[topvest] 21/12/2016 11:47

Yes, the risk reward profile here is pretty poor until the inevitable bad news comes in Q1. Can't see there is much chance of them hitting a £4.4m full year PBT given the H1 loss.

[cockerhoop] 21/12/2016 11:36

Slightly confused as to why they only raised £2.1m from the loan note program rather than the £3m they were looking for. Suspect there wasn't the appetite they're suggesting and will try again in January to raise the extra.

[topvest] 21/12/2016 09:29

Working capital crunch here. Massive H1 cash outflow due to losses and capex, followed by a big outflow in H2 from a massive working capital build-up. Next stop further funding in January. Next stop profit warning in March. All in my view.

[rogerrail] 25/11/2016 10:53

Nevertheless that's £15.4m of OE orders announced in less than two months since year end pointing to an order intake of between £45m and £50m in the H2 compared to £25.4m in H1. That also excludes short term aftermarket, servicing and spares.

[shanklin] 25/11/2016 07:50

I was pretty excited when I misread £4.5m as £45m and thought, "Blimey, HAYT really are delivering on their promises".

Bit of an anti-climax when I read it properly.

[cerrito] 24/11/2016 10:22

Do not want to be a party pooper; that said great that they have these orders but if their revenues are to be £80m odd pa then these orders are equal to 18 days approx. of revenue.
Incidentally per Digital Look I see forecast revenue for 17/18 are £82m- a modest increase from this year’s £80m given recent investments at Luton.

[rogerrail] 24/11/2016 08:55

There will be a down payment on long lead items which will be booked against revenue for the period.

[topvest] 24/11/2016 08:12

Yes, you would have to assume that they are probably not then!

[rhomboid] 24/11/2016 08:02

They don't seem to have mentioned whether these will be part of the £35m book & bill target?

[glyn10] 24/11/2016 07:33

Contract Wins

Hayward Tyler Group plc ("HTG", the "Company" or "Group"), the specialist engineering group, comprising the operating companies of Hayward Tyler and Peter Brotherhood, is pleased to announce a series of contract wins, totalling in excess of GBP4.5m which have been won by the Group.

Primarily, Hayward Tyler has secured two orders from Eureka Pumps AS for operators in the North Sea for: a motor unit for a firewater pump application at the Gudrun field, which is operated by Statoil; and a motor unit for a seawater lift pump application for the Edvard Greig field operated by Lundin Petroleum. The delivery of these offshore products further demonstrates the breadth of HTG's portfolio for delivering applications to the Oil and Gas sector, and complements the recent awards for subsea installations off the coast of Brazil and the west coast of Africa.

Additionally, the Group has also won a contract with Korea Hydro Nuclear Power to replace certain existing Hayward Tyler pumps which have been in operation for 14 years at their Hanbit power plant, as well as the supply of backup parts. The existing system has been in operation since 2002, demonstrating the longevity of its engineered products.

Peter Brotherhood is also pleased to announce its first contract as part of HTG for a Tri-generation Combined Heat and Power system, which will not only provide heat or cooling or a combination of both, but also a significant electrical output.

Commenting on these wins, Ewan Lloyd-Baker, CEO said:

"We are delighted to be announcing these new contract wins which confirm that momentum is continuing to build throughout HTG. They are testament to the confidence that key clients have in our products and the teams that help deliver them, and having now shipped the S-Oil project, we remain committed to delivering world class products on time in full and right first time across the Group."

[p1nkfish] 22/11/2016 20:58

I don't like the mention of the recent election and referendum results. Lining up excuses?

Products, with markets, with capable management, sell.

[p1nkfish] 22/11/2016 20:41

Only just had chance to read the results and have to agree with the caution. Having held but sold before results I would like to see more clarity (some business announcement, trading statement or just wait for next half) before buying back.

The fact NAS (Chris Mills) has been selling down is interesting. The Oryx holding maintained but NAS reducing is a concern unless he knows the capital will be handy for a debt offering.

Wait & watch.

[rhomboid] 18/11/2016 07:27

I'm travelling at the moment but from memory covenant was pre renegotiated terms 3*ebitda and it was referenced in a presentation, it'll be tested 31/3/2017 in any case.

[rhomboid] 18/11/2016 06:27

I'm travelling at the moment but from memory covenant was pre renegotiated terms 3*ebitda and it was referenced in a presentation, it'll be tested 31/3/2017 in any case.

[cerrito] 17/11/2016 20:55

Very interested to see robust way that in the Proactive Video Interview Lloyd- Baker stuck to this full year #80m revenue guidance
RogerRail is correct to bring up the issue of AM. HAYT-ex PB- AM in this last financial half year was #10.9m well down from the #14.4m, #13.2m and #13.5m of the preceeding three first half years. Seems rather odd and would have been good if there had been some commentary on this.
Rhomboid, I note your comments on covenant breaches and I cnnot find any comment on what their covenants are.
My last trade was a modest purchase post referendum and I have no current plan to buy or sell.