Hayward Tyl Share Discussion Threads

[cockerhoop] 20/2/2017 16:48

Investors Champion comment:

[cockerhoop] 20/2/2017 12:46

Well we shouldn't have to wait long, a solution with RBS needs to be sorted in the next 8 days. Maybe RBS will further extend the deadline but any equity raise will now double the dilution for shareholders than if the management had 'fessed up' and raised capital before Christmas when it became pretty clear targets were fantasy.

The resilient share price today shows no-one in the market expected them to get close to £80m in sales. I did think they may do better than flat on last year though.

[rhomboid] 20/2/2017 09:27

I can see this being a very tempting acquisition target, Luton facility is state of the art,end markets are recovering, shares have crashed, mgt have zero credibility and have run out of cash. This smells like a cheap deal for a bigger business to do.

[jeanesy] 20/2/2017 09:24

shares have made a strong recovery since opening bell!

[illiswilgig] 20/2/2017 09:20

Oooops!

Well what a surprise. Certainly odd behavour by management to say the least.

cheers

[arthur_lame_stocks] 20/2/2017 09:09

I can't see AVG making a bid personally, HAYT doesn't appear to fit with their ambitions to me.

I'm glad I got out of these at a profit, I can't remember the price I got but I think it was roughly double where they are now.

A fundraising seems like the sensible thing to do before the price gets even lower.

Arthur

[rhomboid] 20/2/2017 08:37

What's interesting is that the shares haven't crashed further, my money is on oppprtunistic bid at some point. Would Avingtrans be a left field possibility?!

[pugugly] 20/2/2017 08:02

Small print of revenue recognition is a no no - Counting chickens before they are hatched. Even worse (imo) is no indication as to when they account for profit - Could it be apportioned at the same time as they recognise revenue ??

Need to look more closely at cash flow - In full agreement with above posters - Perhaps I am even more negative.

[topvest] 20/2/2017 07:46

Hmm flat revenues in 2016/17 and a big loss then. Underlines the point that for all the talk of massive growth by the Board the revenue number hasn't actually increased. This had to be the most obvious profit warning of all time. The CEO is a dreamer!

[shanklin] 20/2/2017 07:40

rhomboid

Yes, indeed. As per my earlier posts its unfortunate that management seem unable to face up to this reality in their RNSes when it seems obvious to the rest of us.

All IMHO. Cheers, Martin

[rhomboid] 20/2/2017 07:34

They're obviously struggling to nail down terms but "The Group is operating within its current borrowing facilities and it continues to have constructive discussions with its bank, Royal Bank of Scotland, with respect to the repayment of £2.4 million of short term banking facilities, currently extended to 28 February 2017, and to ensure a suitable long term financing structure is in place to support the longer term prospects of the business. " implies that fresh equity is the only option as all assets are charged

[shanklin] 20/2/2017 07:24

Still no mention of a rights issue!!!

[rhomboid] 20/2/2017 07:21

Not surprised, they've not achieved the promise of a miracle in H2, rights issue now looks inevitable,Q is what level?

[shanklin] 18/2/2017 09:28

Fake truths? Alternative facts? Some plain speaking here would certainly be helpful.

[caradog] 18/2/2017 09:23

Truth cannot be false. Maybe you're thinking of alternative facts? :-)

[shanklin] 18/2/2017 08:50

Looks totally uninvestable to me until the points in Rhomboid's post 1244 are addressed. It would be nice to be able to read HAYT's RNSes without wondering about false truths.

[p1nkfish] 17/2/2017 22:25

It has not yet happened.
A) action mooted in WTO already
B) a reason for looking for a bilateral us-uk arrangement

Much of Trump's floated ideas, the words are one thing, the outcome likely another.

Also, remember, if the product can't be bought elsewhere they are handicapping their industrial user by 20% cost increase that will only be fed through to end consumers that will then have less money to spend on US manufactured goods.

[pugugly] 17/2/2017 13:11

American Boarder Adjustment Tax could really scupper HAYT (imo) Extract from Bloomberg below


"So what could possibly go wrong? The answer is the mooted U.S. Border Adjustment Tax, which would introduce a 20 percent levy on goods sold in the country, minus an adjustment for manufacturing and other costs incurred there. It would penalize companies that manufacture overseas and is intended to promote American jobs, according to Barclays". OK article is about luxury good but will hit overseas manufacturers VERY MUCH HARDER - EU and Britain will need to take retaliatory action - Possible trade war will be bad for all (imo)

[gopher] 14/2/2017 18:49

My guess here is a placing and that needed RBS to give them a little extra time. I dont necessarily see huge dilution as management has skin in the game

For these reasons (rightly or wrongly I don't know) I shall remain invested

[pugugly] 14/2/2017 12:12

Looks as though might have found bottom on financing news BUT still no clarity (for me) on wheter sufficient for working capital - Very mucha gambe at these prices - I cannot tell if just a dead cat refief rally or a serious bottom !!

[commiesy] 14/2/2017 10:40

This is a great company, with a strong client list and lots of IP. There is some confusion around all the refinancing they are doing, I don't know if they have serious funding issues or not. The question I have is when does this become a value investment - for me once I understand whether they have funding issues or not.