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HAYT Hayward Tyl

50.75
0.00 (0.00%)
Last Updated: 00:00:00
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 1376 to 1399 of 1675 messages
Chat Pages: 67  66  65  64  63  62  61  60  59  58  57  56  Older
DateSubjectAuthorDiscuss
21/3/2017
14:45
They have a lot of expense and no CEO can predict delayed orders. Sounds like he has tried to push the business forward on the back of these orders and has backfired slightly.

But still can't see RBS letting this company go to the wall as some have suggested here.

grahamwales
21/3/2017
14:15
graham,

I don't think anybody disputes that HAYT produces good quality products and the upgrade of facilities in Luton will produce a more efficient company going forward. (but as seen at Sepura who also produced a quality product but managed to get itself in short term financial difficulties to the detriment of shareholders) Good management requires that you also successfully steer the company financially through the transition which regardless of how this turns out I think everyone can agree has been a problem.

cockerhoop
21/3/2017
14:02
hxxp://www.oilandgastechnology.net/upstream-news/fmc-technologies-injects-usd-2m-hayward-tyler-subsea-motor-plant-uk

Posted this on LSE when a customer invests $2 million then it does give you some confidence that orders will come in.

grahamwales
21/3/2017
14:01
E.L.B 16th March 2017

'we have to ensure that we have the right capital structure and funding facilities in place to support that' (referring to growth strategy)

cockerhoop
21/3/2017
13:55
lignum, they have given great deal of info as to what is happening but it is certainly up to you and others whither you accept their explanations.
If you don't buy into my theory or you have additional doubts then you shouldn't buy.

pavey ark
21/3/2017
13:51
If you want to buy the share then I guess you best wait, no one forces anyone to buy shares in any company it's a personal choice.

Thing is do your research which you clearly have done hence your keen to want shares and wait until the loan has been sorted.

Quite a few people have taken a view and bought already but that's by choice.

We have given some reasons as to the delay in resolving the funding could be totally wrong but could be 100% and not wishing to jump in after news leaks which is not uncommon on AIM.

grahamwales
21/3/2017
13:45
PA: Very fair comments - Fully agree with your friend re RBS screwing !! In your scenario down to orders being received in good time - In mine a possible delay where extra funding becomes a necessity - Only time will tell - but in the spirit of this thread I wish you "bon chance" that your scenario comes out on top.
pugugly
21/3/2017
13:41
HAYT have been giving us updates on 'new' banking facilities for 4 months now and all that is happening is that the RBS facility is being rolled forward from month to month.

I want to buy this share but I cannot as I have no idea (i) what their financing situation is (ii) why they are unable to resolve whatever problem they have that is stopping them putting in place longer term financing.

I am not shorting the share and I wish the Company and all shareholders success. However there is something not right here. If it is all right then the company is not communicating correctly.

lignum
21/3/2017
13:29
"RBS will give them all the money they want, at a price,"

If you are going to quote people it's best you do it accurately.

The recent short term funding could easily be seen as a means of avoiding entering into a longterm funding agreement with RBS on disadvantageous terms.

The delay in completing the £30m of near term contracts and the movement of the repayment day has been seized on by many here as some sort of proof that the £2.4m is critical and if the company cant't repay that then they must be in dire trouble.
This is certainly NOT my view.

Recently I contacted a very good friend of mine to ask about this. The reason for contacting my friend was that he had been the CFO of a FTSE 100 company in his day and obviously would be able to help me out.
I did not give my friend the name of the company I was asking about.
The questions came thick and fast and I was obviously correct,he certainly did know his stuff.
After a few minutes and after a few scathing comments about management getting into this situation be was fairly unequivocal in saying that they could get the £2,4m "in a heartbeat" but RBS would want to roll it into a longer (and bigger ?) loan but would "screw them".
Obviously my friend had dealt with banks before and was not a fan.

I must admit that I thought they may have to repay the £2.4m BEFORE getting a further loan but NO the money would certainly be there but AT A PRICE.

With the contracts secured and all looking rosy then RBS would have to improve their offer.
With the contracts secured then HT could walk.
A long term banking relationship is not something to discard lightly but it works both ways.

Better to take out short term (one year) loans at 7% now in order to negotiate a much larger,longer term loan at a later date.

CURRENT,ACTUAL SHAREHOLDERS: I am getting more than a little tired of this and you will see that our most recent contribution to the "DEBATE" was a simple regurgitation of all the previous "rights issue", "PIs to get screwed" etc.
Not been an investor here for very long but can find no trace of outrage at PIs not being included in the fund raising of over £9m at 90p in Dec 2015.
As I only empathise with the real,actual,current shareholders here it is best I say that I have bought more HAYT and this now constitutes 9% of my portfolio.
As a result of my purchases I must be viewed as a raging bull here but I hope to remain rational.
I have made my purchases based on the stance I've taken on the debt repayment but I've been wrong before and will be again but to my credit I've NEVER blamed anyone else.

pavey ark
21/3/2017
10:26
Pavey Ark,

'RBS will give them all the money they want'

Perhaps you can then explain why HAYT bothered tapping up High Net Worth individuals for £600,000 in short term funding (1 year at 7%) in February to make a partial payment to RBS? And why wasn't this the additional long term funding they promised in December?

cockerhoop
21/3/2017
10:18
Think that comes across loud and from the CEO from all I have read and listened to in his interviews.

He reiterated that the orders are delayed not cancelled possibly via pre tender deals or just verbal orders with customers waiting for the official orders themselves before committing to any buying.

Seems lead times were quite so customers have had to order well in advance but have recently read that lead times have been halved so maybe customers are holding back orders knowing full well they will still get equipment on time.

grahamwales
21/3/2017
10:09
Now we're getting somewhere, good post grahamwales.

The short tern shortfall could have been covered in a heartbeat but HAYT want to get things sorted out for the next three years not the next six months.

On the other side RBS will give them all the money they want, at a price, so the order confirmation delay and the reluctance of HAYT to tidy things up short term makes sense even if it does upset those here who would prefer a deal at any price.(but then they don't hold any shares so this isn't a great problem)

If Hayt get the £30m delayed orders in the bag they will get a better deal from RBS by virtue of the fact that they can simply walk away a get finance elsewhere.

A long term banking relationship would not be discarded lightly but it cuts both ways.

(If I have missed my weather window I will be really grumpy but then who would notice !!?)

pavey ark
21/3/2017
09:51
My guess is that the extension on the short term loan is for HAYT to prove they have these delayed orders before committing to increased funding.

They have already got 2 orders and my guess there will be more to follow before the end of April.

So the question is how many orders do RBS want to see and how much do HAYT want in additional funding.

grahamwales
21/3/2017
09:33
The standard of "debate" has been dreadful and the level of genuine research has been even worse but then that's only my opinion.

Taken private, going belly up, screwed by onerous loan notes !!!

Yes this has been a wonderful, balanced and useful "debate".

Sky cleared, snow stopped, so I can now get out my run but just one point and I shouldn't really give out more than I've been given here but anyone who thinks this is about a £2.4m short term loan has got things seriously wrong.

Debate that !!!

pavey ark
21/3/2017
09:29
Current management have lost all credibility and they need to go but they are significant shareholders in the business which might be part of the problem.
spooky
21/3/2017
09:22
Pavey Ark,

In investments I hold I'd personally prefer to see both sides of the investment argument debated rather than just a bunch of cheerleaders that hold the stock viewing every announcement with rose tinted spectacles. I think the debate on this thread seems to has been of a reasonable standard (with the odd exception) over the last few months and the majority of the negative posters are here because they would like to hold the stock and are waiting for the conditions to be right in satisfying their perceived risk/reward ratio.

cockerhoop
21/3/2017
08:42
First look in here for a few days and unlikely to do more than that in the future.

For clarification the EV is c.£40m and I expect the EBITDA next year to be c. £8m.

grahamwales, I see you are fighting the good fight and good luck with that.
I doubt if there is a lot of actual shorting going on but there is little balanced and rational analysis either and non holders are certainly posting negative and unbalanced comments at every opportunity.
The only logical reason for these posts is to talk the price down.
On a personal level I rarely post on a company that I don't hold and if interested in buying (albeit at a lower price) I simply watch from the sidelines.

There are at least as many very positive things that I could say about HAYT but then I hold and that would be talking the price up !!
On the other hand I may want to buy even more .......hmmm

Anyway, good luck to all holders.

p1nkfish, concise and very well put.

pavey ark
20/3/2017
23:38
There's obviously risk in HAYT steering through this period but the product is fairly unique, world renown and high ASP. I too see this current uncertainty as temporary. One to ease into and wait for change.
p1nkfish
20/3/2017
11:51
Share price drifting back up on low volume suggests not many shares held by market makers
grahamwales
20/3/2017
09:39
rhomboid

Well doesn't really matter I suppose even if you lot are shorting but posters always have a reason for posting positive = invested - negative = shorting in my book. Its one thing watching but another continuing to bash a company they no longer hold.

Best of luck

grahamwales
20/3/2017
09:30
Graham
With the greatest of respect you are totally deluded if you think posters are shorting HAYT, it would be madness as IF they sort out long term funding without equity issuance the shares would bounce massively. FYI I watch all my ex holdings just in case I want to return as and when the reasons for selling no longer apply.My small loss here has long since been placed in the dustbin of history.

rhomboid
20/3/2017
09:26
Shanklin

Also note you have made a couple of silly posts.

Given their finances are not the greatest I wonder if customers are holding off from paying invoices. I certainly would not be too enthusiastic about making stage payments to a company that seems unable to obtain the finances need to assure its future.

Why on earth would customers stop paying HAYT for product they have ordered or even received.

And even more sillier why would customers stop buying products from them.

If your not shorting why so many negative posts?

grahamwales
20/3/2017
09:26
Shanklin

Also note you have made a couple of silly posts.

Given their finances are not the greatest I wonder if customers are holding off from paying invoices. I certainly would not be too enthusiastic about making stage payments to a company that seems unable to obtain the finances need to assure its future.

Why on earth would customers stop paying HAYT for product they have ordered or even received.

And even more sillier why would customers stop buying products from them.

If your not shorting why so many negative posts?

grahamwales
20/3/2017
09:22
Shanklin

One way for ex/holders to get their money back is to short. But they will have to close at some stage.

grahamwales
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