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HNN Norman Hay

62.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Norman Hay LSE:HNN London Ordinary Share GB0004161245 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 62.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Norman Hay Share Discussion Threads

Showing 126 to 148 of 500 messages
Chat Pages: Latest  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
05/8/2002
23:54
Nice to say a few small buys moving the price better. Irrelevant really as I too am in for the long haul, but it mentally helps when the portfolio valuation is calculated @ a middle price of 23.5 rather than the 20p of just a fortnight ago! Elsewhere I'm buying back into Jarvis Hotels - the increasing Petchey stake is likely to presage some form of action later this year, esp. if Thistle goes under the hammer.
skyship
05/8/2002
16:07
Skyship

IMHO DNX is a great play and at this price is a strong buy. Little downside and massive upside. Revenue and profit could treble next year as turnover rises from £27m to circa £100m. Don't want to monopolise the HNN thread with DNX rambling so check out the thread and DYOR. Best of luck

later
Rickster

rickster
05/8/2002
16:00
Rickster & Airrage - Had forgotten about DNX which I missed earlier this year. Will have a look. Airrage - You were so right about Kenmare a few months back -they rose rapidly from 14p to 21p. Now all the way back again, as with so many other stocks of course. Do you think this pull-back to the rights issue price represents another chance to get in?
skyship
05/8/2002
12:37
skyship

Must admit I have not added to my HNN stake, but I have bought some more Ronson (RON) recently and am thinking of more Dana (DNX). I have funds tied up elsewhere which prevents me buying any more HNN yet, and I'd like to see some more upward momentum first to show things are going well.
I thought this would be higher by now but alas.........

later
Rickster

rickster
17/7/2002
17:01
Hi everyone, still holding just thought I'd say hello. All seems be as pretty well as discussed in the past. Enjoying the divies and reassured by HNN's NAV.
airrage
17/7/2002
16:15
Interesting jump today on no volume?? Anything in the pipeline?
Anyone heard anything?

later
Rickster

rickster
28/6/2002
09:04
Tday - Historically the average bear market retraces c.32% - not 50%. But as I was working in the LSE when the 1974/5 market imploded, I can't argue with your logic. There has been much talk recently of CAPITULATION - to my mind that sort of talk implies buy on dull days! so that is what I have been doing.

Incidentally, in the time you now have by not actively trading, take a look at Hartest (HTH)- it could well meet your criteria. It disappointed recently when it revealed that some NHS contracts had been delayed (nothing new there of ccourse), however it looks to be on course to remedy matters in the current year and the current valuation (yield of 7.5%) certainly doesn't look too demanding. You'll see a lot of info. on the BB threads.

skyship
24/6/2002
16:30
SKYSHIP

I probably ought to - but in fact don't - have a 'feel' for property shares and what I don't understand, I tend not to invest in.

Besides - in the main - I like growth stocks interspersed with 'special situations' such as HNN.

When the market bottoms out, I'm looking to get back into Small Cap and AIM stocks that even now are making good profits and pay decent dividends.

But for the time being I'm liquid because I feel that this market could drag the good down with the bad - all the way back to 3,500 on the Footsie.

Why?

Most bear - proper bear - markets (which we haven't had for over 25 years) retrace the bull run back 50%, sometimes more.

The Footsie peaked at about 6,900, so half of that is 3,500!

Not enough punters - not serious investors - have got their fingers badly burned. Only when they perceive - wrongly - that they could lose all their money, will they start to dump their shares.

And as I said the other day, that will be the precise moment to re enter the market.

It might be next week, next month or next year - but whenever it is, I'll be waiting.

tday
24/6/2002
09:52
TDay - you may well be right, but it is extraordinary how this market has segmented into TMT & Non-TMT.

Those bedded into the former (and it has to be said that many of the BB chatterers who would bet on water drops down a window pane fit into that category) are continuing to lose money because the Business Plan for TMT is still SURVIVAL rather than PROFITABILITY.

For those in the latter, the markets recently are just an overdue correction in a continuing bull market; and to my mind provide buying opportunities in the second-liners and small caps.

As to HNN, I bought a few more @ 22.95 on Friday as they go xd 1.2p this Wednesday. I first spoke with the CEO - V. Bellanti - who confirmed that they hadn't issued any trading statement at last week's AGM. He confirmed, as we all know, that things are tough out there, but that quite a few divisions are performing exceptionally well. Even without a green light, I draw confidence from the lack of any cautionary word on overall current trading. So, with a NAV of 35.6p (exc. intangibles) and a yield at 23p of 9.6%, HNN continues to be a secure lock-away.

I'd be interested to hear your views on commercial property sometime.

skyship
24/6/2002
08:11
SKYSHIP

I hear what you say, but what if we're some way off the bottom?

There are still loads of gamblers - rather than investors - out there who are just hoping their shares to recover.

Personally, I don't believe this bear market will end until those gamblers think that they'll lose their shirts if they don't sell.

When that moment comes, then will be the time to buy. Until then I, intend to stay very liquid.

In the meantime, I'll look into the commercial propperty market, as you suggest.

tday
20/6/2002
16:02
TDay - congratulations, I hope you've sold out having banked good profits. I suggest you read this Motley fool post however, it is very much what I've been saying elsewhere -BUY into WEAKNESS, or you'll sure as hell miss the RISE. I was 35% liquid, but over the past two days have taken that down to 25% I still believe that Pension Fund Asset Reallocation will ensure a strong commercial property market for some time to come - the current retracement (c. 8.5%) provides good buying opportunities. I particularly like CLI (225p v. 365p NAV historic v. 415p NAV for current year)as 42% of its property portfolio is on the Continent, so further gains accrue from the stronger EURO.
skyship
19/6/2002
12:09
HNN is now the only share I hold. 96% liquid and glad to be watching the market from the sideline.
tday
16/4/2002
22:45
SKYSHIP,

I just realised I never answered your question before about deferred tax credit. Without the full report it looks like it will be 31,000 v 65,000 this year.

I believe it comes under:
Provisions for liabilities and charges
- deferred taxation 31

What is reassuring is that they have retained 273,000 profit(after div)as opposed only 57,000 last year. This should satisfy cashflow requirements.

Other highlights

Operating profits 685 v 525 up 30.5%
Profit on ordinary activities before taxation 525 v 332 up 58.1% (56% after tax)
Debtors 520 v -831 (Why are we owed this much money, better than owing them but quite a lot of our profits ?)
Cash in bank down 83,000.

I think as mentioned in their last Interims, management are very conscious of cashflow(the liveblood or death of a small firm)and this is very positive. It seems they have it under control and are confident enough to maintain the dividend. Last year almost 100% of the profits were paid out in the div, this year only 53%. We also have to remember that when the director left in Nov.options were cancelled that would have diluted our holding by 10%.

All in all I reckon they've seen through the worst and by next year other people will have started to feel more confident in buying Hnn, but then the risk:reward will already reflect that(meaning the boat will have already left dock).

airrage
16/4/2002
14:51
Airrage & Rickster: We share the same taste in HNN, but KMR & IBN are not for me. One of my guiding principles is not to invest in businesses I don't understand - so that certainly disqualifies IBN. KMR I admit to adding to my monitor in case of an obvious chart move sometime down the line. In any event at the moment I find myself 100% invested - v. heavily into the continuing property share boom; and also heavily into SMON for the Bid; & AWG on a seriously good chart projection. Good Luck - speak again on another thread, or here again soon.
skyship
16/4/2002
10:56
Thanks,

I'll have a look at IBN, always like to hear about new leads. As for Kmr I have followed them for well over a year but never felt confident they would get the required funding. Since they have recently announced they have virutally 80% funding in the bag it looks like the Moz. project will go ahead. If you believe the project will go ahead their future cashflow(even on very conservative estimates)makes them worth multiples of todays mkt cap. Steady newsflow this year(which is inevitable given the stage that they are at)should support the share price. You will have to be in though before they confirm their off-take agreements and funding.

As for Hnn, I can't make up my mind whether the takeover will occur or not. The past director changes might have been caused by disagreement on a MBO/takeover or company direction/strategy, who knows? But the recent acquisitions would likely cause a rethink for someone wanting to acquire HNN. That said it is usually 6months after a takeover rumour and usually after results that a real takeover bid emerges. Either way I have said before I am in HNN for real profits and that means a med/longterm holding.

good luck.

airrage
15/4/2002
23:28
Hi guys,

You might see the reason for the rise as the trades are only just starting to show up now(47,000 so far @27P).

Recent acquisitions should boost the Book value even more(and EPS-not yet factored in), making these extremely undervalued shares. The consistent 9%+ dividends consistently paid for 5years(despite the worst downturn in their history)is reassuring. If aturnaround is on the cards these will quickly move over 30P and dividend should grow larger. If the purchases have been well made and profits start to motor then we could see them up to 45P in 2years(sooner if Management buyout rumoured occurs).

If someone was looking to takeover Hnn they might have waited for these results. If you buy now you also get the dividend which helps make up for some of the spread.

The on-balance volume has been steadily increasing showing that accumulation of shares is occurring.

I have held for over a year now, enjoyed the near 10% dividend and look forward to more. Maybe not the fastest mover out their but reassuringly consistent for a small guy and the recent purchases(4of them)show that management are working hard at it. I will cotinue to hold as I believe they have remained steady during a massive downturn and things may be starting to turn in their favour.

good luck.

airrage
15/4/2002
20:07
SKYSHIP.

With the risk of being accused of ramping, you might want to know about another tiddler I bought today. It's a lot more on the speculative end of small company shares but could become a rocket. It's a mining company called Kenmare (KMR). I paid just under 14.5P, a price which should be available over the next few days at least if you are interested. It is the first mining tiddler that I have felt reasonably comfortable in buying.

Have a look at my research on the KMR board and also at;


Sorry for those who do not appreciate this post, I am a HNN longtermer(started these threads originally)

Good Luck.

airrage
15/4/2002
15:20
Hi Airrage. Good to see Buys all the way up to 29p today. Only slight dampener is that as far as I can see the tax losses run out this year. Still, as you state, the recent acquisitions will make up some of the loss in EPS resulting from paying taxes again. Continue to be a good solid hold for a high-yielding, stress-free corner of the portfolio.
skyship
15/4/2002
10:16
Skyship

I would welcome 30p. Wouldn't make me too much profit but it would be nice to be in the blue.

later
Rickster

rickster
15/4/2002
09:10
Rickster - I'm afraid I don't have Level 2 so can't be sure; but it is possible that there is a limit buyer in @ 26+ so the mms will have raised the Bid price. Perhaps there is only the one mm! Can anyone on this thread supply the requisite from Level 2?

As to timescale, well IMHO the publication of the 2001 Accounts & the AGM in early July may well bring in a few buyers up to the 30 level, esp. if Brewins provide some support.

Airrage - haven't heard from you for some time. What's your view now?

skyship
15/4/2002
08:52
Nice jump this am. Anyone know the reason?

Can't be heavy buying i.e. only 2000 shares this morning!

later
Rickster

rickster
12/4/2002
15:56
skyship

What are your timescales? Initially I thought I was in for a quick win here as a takeover loooked possible, but that now looks less likely so it could be a medium termer I guess??

later
Rickster

rickster
04/4/2002
23:10
Skyship

Did they come out this morning?

How do they rate? Thanks

later
Rickster

rickster
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