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HAYT Hayward Tyl

50.75
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hayward Tyl LSE:HAYT London Ordinary Share IM00B511CF53 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 50.75 47.00 54.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Hayward Tyl Share Discussion Threads

Showing 1226 to 1249 of 1675 messages
Chat Pages: Latest  55  54  53  52  51  50  49  48  47  46  45  44  Older
DateSubjectAuthorDiscuss
13/2/2017
23:20
Cerrito,

My understanding is as follows:

21st December 2016 - £2.1m raised
31st December 2016 - £0.6m repaid to RBS
13th February 2017 - £0.6m raised and paid to RBS leaving £2.4m of the £3.0m January payment outstanding with an undertaking to pay by 28th February 2017.
31st March 2017 - £0.3m final payment required to be repaid to RBS.


What I find confusing is that on 21st December they stated that the £2.1m was to pay off the RCF from RBS but £1.5m of that seems to have been sucked into working capital.

They need to find £2.4m by 28th Feb and £0.3m by 31st March imo.

cockerhoop
13/2/2017
22:35
You don't need to get lost in the detail, they need fresh equity or a new parent, they also need a new Chair & CEO imho, Maurice Critchley as a current director knows the business inside out & could easily bail them out, he hasn't thus far, ditto with non director Chris Mills. Until there is clarity on current trading we're all guessing,

Great business driven onto the rocks but at some point maybe investable , how much value current shareholders get is unknowable from outside, good luck

rhomboid
13/2/2017
22:15
I am trying to figure out what is happening.
I assume that today’s £0.6m 1 year note covers the £0.4 sum mentioned on Feb 1 as expression of interest.
The Feb 1 RNS said they had to repay RBS £0.6m on Dec 31, £3m on Jan 31 and £0.3m on March 31-ie £3.9m. This Feb 1 RNS confirmed what they told us on Dec 21-that they had raised £2.1m; on Feb 1 they said by other means(I assume internally generated cash flow) that the facility had reduced by £0.6m ie they have reduced by £2.1m the other £0.6m of Feb 1 and today’s £0.6m –a total of £3.3m so have only £0.6m to pay by end of March.
So why are they talking today about repayment of £2.4m?

Does anyone understand?
Please help me and let me know
The reason I want to get to the bottom of this is they are in a pickle…they need to do an equity raise..not all that much say £5m before expenses -20% of marcap. If they were to do it now with all the uncertainty of what the full year results will be they would have to pay a discount. They could have the courage of their convictions; get expensive short term money to pay off RBS and get RBS to extend to allow them to do the issue at the same time as their results are announced in early July and if they are as good as they currently saying they will be then they will be able to raise money at a better price.
Good that they have quite a lot of institutional support led by Harwood at 16.25% and Henderson at 9.75%, both for participating in new funding and also shaking up the Board. Any Chairman who one minute is increasing the dividend and the next is running out of funds needs to go and a younger and stronger one bought in. One would not have thought that the 2 NED’s are both chartered accountants. I am sure Christopher Mills’ team are on the case.
Congratulations to those who sold a couple of months back; I did not…not selling now but not buying either.

cerrito
13/2/2017
19:22
They know what needs saying but they just refuse to do it!
kemche
13/2/2017
15:49
I'm watching but clarity on rights issue or other financing is required, along with a statement on H2 trading, how big a miss is it ?
rhomboid
13/2/2017
14:53
This has become a textbook lesson in how not to do it. I've been in these previously.
Starting to get interested again as a value play..........

meijiman
13/2/2017
14:25
The fall in the share price in the last hours is very logical given the RNS
cerrito
11/2/2017
17:52
I thought it might be at 50p , but it is already close to that now
jeanesy
11/2/2017
16:04
Certainly looks as though more working capitalis goint to be needed - the loan note facility is expensive even though tax deductible - BUT have to make profits first - First half figures were a shock - So at what price new dilutive equity ?

Sub 40p or even sub 30p ??

pugugly
11/2/2017
09:44
Look through the windscreen not in the rear view too much.
Position size and purchases spread over time and patience.
Not to say it's a walk in the parked with this one but the target market segments can easily support this. Balance sheet bolstering exercise could see uncertainty lift and the price respond.

p1nkfish
10/2/2017
16:51
rhomboid - your right capital preservation should be paramount. However I have owned my HAYT since the days when they were Nviro (NVR) then Specialist Energy Group (SEGR) before morphing into HAYT. I originally liked some of their niche technologies such as clean coal technology which I had hoped would lead to more UK coal fired power stations being built to support British coal mining, along with other technologies such as converting old MDF board into new furniture. Unfortunately these technologies failed to catch on. I watched my shares increase from circa 2p prior to the 10 for 1 recapitalization all the way up to about 96p and then back down again to circa 53p. I did sell some on the way up and bought more on the way down but must admit my timing has been rather appalling - wonderful thing hindsight when deciding to buy/sell/add!
investoree
10/2/2017
16:29
Like you I like the product areas their in and I'm convinced there's a great business lumbered with an overstretched Balance Sheet and a CEO who appears to have over reached and stuck to a less than credible H2 bounce back. I sold regretfully as I think this a great niche bolt on for larger players , as you say Weir being one. My concern was that it could be become a sale by administrators as I couldn't see customers being happy to place long lead high value contracts that are mission critical with a company with this Balance Sheet. Maybe someone will buy it any day now but I value capital preservation too highly to take the chance.
rhomboid
10/2/2017
16:16
rhomboid I have a substantial holding in HAYT so another 10K purchase makes very little difference to me overall I believe that the company is basically sound and feel that with the energy shortfall needing to be made up using nuclear, tidal etc along with the oil/gas sector replacement equipment over time this will prove a good long term investment. There is also my fear that an opportunistic bid from the likes of Weir Group could appear. I agree it is a shame that they didn't activate a further placing or rights issue at a higher price in conjunction with a believable and achievable forward strategy for the company - or some substantial Director purchases to show their belief in the company and its under valuation. What are your thoughts? IE
investoree
10/2/2017
15:56
There is something afoot as there seems to be a shy buyer in volume letting the price fall as he's on his own...apart from you! What made you buy now ahead of the rights issue or capital reconstruction...that looks inescapable to me!
rhomboid
10/2/2017
15:45
There is something weird with HAYT at the moment as I can buy 10K @ 53.15p and sell 10K @53.3p anyone any suggestions as to what is happening. PS I earlier bought 10K @ 53.25p which understandably shows as a sell. Any ideas as to what is happening gratefully received!
investoree
02/2/2017
21:04
Obviously not an easy period, need a good fiance director to sort this out but this is good business not a basket case resources stock
gopher
02/2/2017
20:57
Yes, personally i think they will pull through but will have to come clean on a profit warning and equity issuance as they should have done months ago. They have just made it a lot worse for themselves.
topvest
02/2/2017
20:08
Hi ottrott

I also hope they sort themselves out but I can't see what you're referring to as smugness? Just a lot of former or prospective shareholders sharing views on a great business that has hit a major bump in the road.

rhomboid
02/2/2017
20:01
I am so hoping HAYT pull it off, not only for the company's sake but also
to wipe the smug expression off the faces of some of the posters here.

ottrott
02/2/2017
19:17
the question is , how low will this go ?
jeanesy
02/2/2017
18:57
Looks increasingly desperate to me. Profit warning and dilutive equity issue long overdue.
topvest
02/2/2017
18:26
He has played a weak hand badly-would not make a good poker player.
meijiman
02/2/2017
18:04
Sounded like a man on the ropes to me, silence on FY outcome was telling, in the background I hope he & Nick are nailing down a rights issue with the support of Chris Mills and their key NED
rhomboid
02/2/2017
17:10
2+ minutes from L-B yesterday
hxxp://htg.global/investor-relations/
up beat but he was careful not to commit himself
The following page gives the current shareholder structure-reasonably strong if indeed an equity raise is needed
hxxp://htg.global/investor-relations/shareholder-information/
I had not anticipated the share price to fall so much

cerrito
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