Huveaux Share Discussion Threads

[broomsticks] 08/8/2006 10:41

In an attempt to build up a picture of Huveaux as whole I have been looking for synergies within the three divisions, Political, Education & Training and Medical. The picture build up will probably need to include a look across the divisions too.

During my search I have spent a fair amount of time looking at some sample Lonsdale revision guides and the Science 2006 curriculum

Other subjects are,

Key Stage 2; Maths
Key Stage 3; Science, French
Key Stage 4; Maths,Science,Key Skills,Desgn & Technology,Spanish,French,German

Some titles are available in the Welsh Language.



Clicking through I found that the Revision Guides are priced for both schools and private individuals.

In 'What's New' there are some guides with PDF samples for the new AQ specifications starting in September 2006

GCSE Science, Physics,Chemistry,Biology,& English


Ah! Those were the days.

[foreigner34] 07/8/2006 16:22

... and to 19.06%

[bald sparrow] 28/7/2006 10:59

AXA have increased their holding to 18.35%.

[welsheagle] 26/7/2006 18:42

Charles Stanley have upgraded their recommendation to 'Strong buy', and increased target price to 56p.

[networker] 26/7/2006 09:32

Today's acquisition is c £5m. I'd like to know the approx size of the one currently being negotiated if anyone is calling the company.

[elmfield] 26/7/2006 09:25

Gives us support and should move up back to 50p plus over coming weeks if markets remain blue, holding.

[cerrito] 26/7/2006 09:13

I did overlook in my 292 that they do have borrowing capacity and even with this new loan annual interest charges of £600K are perfectly acceptable, bu they will need to incease their operating cash flow before taking on extra borrowing.
A sold set of results...wish they had commented on what has gone wrong with the EU political side...last year's first half results were flattered as they had the delayed revenue from the EU political guide but clearly something is wrong and I would have hoped for an increase in UK political revenues. My reading of the general election was that while it helped them in the second semester 2005 it was a bit of a drag in the first semester.
Broomsticks I liked your 293 let's hope that this signifies that they are getting their integration sorted.
Is anyone going to phone O'Brien the FD with a list of points...if so pls ask about European political operations.
I am neither selling my holding or buying more.

[jeremyb] 26/7/2006 07:47

jlabrey,

How right you are, this board is going to get busier!

HUVEAUX PLC


Interim Results for the six months ended 30 June 2006
and
acquisition of Political Wizard


Highlights


* Turnover up 122% to #20.1 million


* Pre-tax profit up 133% to #1.3 million


* EBITDA margin up from 7.8% to 8.9% at #1.8 million


* Normalised EPS doubled to 0.68 pence*


* Excellent performance from the JBB Sante and Epic acquisitions


* Key strategic steps delivered ahead of schedule


* Acquisition of Political Wizard, a leading online political monitoring
business, for #4.88 million in cash


* Outlook for continued strong progress in the second half of 2006

[jlabrey] 25/7/2006 01:01

Assuming the integration is going well, HVX is trading on a 2007 p/e of under 10 now. That is v. cheap for the sector and there is the prospect of acquisitions and a higher than average dividend yield.

The company is generating real cash. It's a great little business leading in sectors such as political publishing where there is no real competition, and the co. is run by highly experienced publishers with ambitions to take us to the FTSE 100. They have a recently stated a target of £250m market cap within 3 yrs.

As the Metal Bulletin/Wilmington/Euormoney debacle shows, there is appetite out there for these cash generative little beauties and consolidation is beginning to occur in the sector. Tuck them away and enjoy the benefits in c. 2012!

[broomsticks] 24/7/2006 15:24

It looks to me like Huveaux has paused on the acquisition trail in order to afford the integration and consolidation of the last two acquisitions.

I made the following post elsewhere on July 3.


"Why Huveaux is going onto my watch list.

Huveaux is the parent company of Epic Group which used to e-mail me every month with a copy of their 'think tank' newsletter. The newsletters continued to arrive after Epic was acquired by Huveaux on 22 August 2005 but stopped after December 2005.

Last Friday after 6 months of silence I suddenly received via e-mail 'Issue 54: June 2006' of the newsletter. Its heading is 'Epic Thinking' which could turn out to be an appropriate title.

Without research I don't know the reason for Epic's apparent search of 'old' databases and/or e-mail lists for previous contacts.

I am intrigued enough to investigate in view of the fact that Huveaux posted a record set of results for 2005 whilst, at the same time, managing to double in size.

Here are Epic's aims,

The strategy for Epic is to:
• Create a Huveaux-owned product portfolio combining Epic's innovative e-learning techniques with our existing learning content. These products will be sold based on an annual user licence model. Our first chosen areas are Leadership, Compliance and Human Resources Legislation;
• Further develop the existing bespoke business model to increase the element of learning consulting and to combine, where opportunities exist, with our other learning offerings to give customers new and improved blended learning solutions;
• Develop further Epic's powerful learning consultancy capability;
• Invest in the high quality web development capability at Epic which has been underexploited to date; and
• Develop, through internal joint ventures, electronic versions of our existing product where they offer customers an extra benefit. "


That, to me looks like integration and the beginnings of an attempt to grow and develop Epic into a successful part of the whole organisation.

Not forgetting to take into account the overall state of the markets.

[cerrito] 24/7/2006 13:16

down again on not much volume
as someone who took the (wrong) decision not to sell at 53 just after the results came out on March 6, I am curiously reluctant to buy now...combination of the summer lull and the fact that it will be difficult for them to do more acquisitions with the price of their paper and that consolidating EPIC and JBB Sante is not very eyecatching I suppose will mean that they will drift..certainly until we get the first half figures in say 4 weeks time.
perhaps the euromoney/metal bulletin excitement will translate into some m and a speculation here.

[broomsticks] 22/7/2006 11:17

Nelson Research Reports show a positive consensus

HUVEAUX PLC Consensus Recommendation: BUY

Nelson Research Reports; 7/18/2006

Company: HUVEAUX PLC

Consensus Recommendation: BUY
(Strong Buy: 2, Buy: 2, Hold: 1, Underperform: 0, Sell: 0)
Quarter Consensus Estimate [Q3]: N/A
FY Consensus Estimate [FY2006]: 3.30
Next FY Consensus Estimate [FY2007]: 3.80
Industry: FINANCE/FINSVCS
Estimates reported in BPN

Copyright 2006 Nelson Research Reports

[jlabrey] 16/7/2006 17:20

Interim results should be out shortly.

[jeremyb] 10/7/2006 18:41

Oops, the board's getting busy again!

[cerrito] 10/7/2006 09:13

Not surprised to read of Fidelity's increase from 3.86% to 4.21% shareholding percentage as there was more turnover last week...at least that compensates for the news that last week Singer and Friedlander had dropped theirs by the miniscule amount of 3.5% to 3.43%

[jlabrey] 21/6/2006 16:32

Agreed. From what we can tell they have been working very hard at delivering strong organic growth in the first half - in the Learning Division, Epic Professional has been established which is the first stage in the Group's strategy of Huveaux-owned intellectual property in the e-learning market. They are focusing on leadership and age discrimination in the first instance. In the political division a range of new titles and services has been launched in the first half which demonstrates the group's ability to use opportunities to grow market share and maximise each of the three verticals in the business.

[jeremyb] 21/6/2006 15:00

Looking back over the last six months, at the amount of acquisitions of shares by directors and big investors, there seems to be only a positive future for this Company. The have more than doubled turnover each year for the past four and acquisitions have certainly kept profits down, but when the acquisitions are bedded in and turn into profits, the price must be on the way up. When people wake up to this one, the price will go back up to 60+. Interesting, but unnoticed at the moment. This is far too busy for this board - will look again in a month! The Wrong Price also likes this one

[jeremyb] 21/6/2006 14:46

Ssssssshhhh!

[jlabrey] 16/6/2006 10:55

It's been quiet on this board lately. Not long to the interims now.

[bald sparrow] 16/5/2006 15:08

Apologies, kidney. Mistook the other thread for this one. Still amazed at the price drop yesterday.

[kidney] 16/5/2006 13:48

I would like the two threads that I erroneously started to be removed please as this is an excellent thread.Thankyou.

[kidney] 10/5/2006 19:02

I like the look of this company and have a short term target of 60p.
Feedback required!
Charts looking good.LOL