Share Name Share Symbol Market Type Share ISIN Share Description
Tyman LSE:TYMN London Ordinary Share GB00B29H4253 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00p -0.79% 250.00p 250.00p 251.00p 263.50p 249.50p 249.50p 553,582.00 16:28:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 353.4 -6.9 4.6 54.7 445.10

Tyman (TYMN) Latest News (1)

Tyman News

Date Time Source Headline
02/12/201616:52UKREGTyman PLC Holding(s) in Company
25/11/201616:00UKREGTyman PLC Holding(s) in Company
08/11/201608:13ALNCTyman Non-Executive Chairman To Leave, Cautious Over UK End-Market
08/11/201607:14ALNCFAlliance News Flash Headline
08/11/201607:01UKREGTyman PLC Board Changes
08/11/201607:00UKREGTyman PLC Trading Update
03/11/201617:00UKREGTyman PLC Holding(s) in Company
03/10/201606:00UKREGTyman PLC Directorate Change
23/9/201614:31UKREGTyman PLC Director/PDMR Shareholding
07/9/201608:37UKREGTyman PLC Directorate Change
More Tyman News
Tyman Takeover Rumours

Tyman (TYMN) Share Charts

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Tyman (TYMN) Discussions and Chat

Tyman Forums and Chat

Date Time Title Posts
08/11/201618:49Goodbye Greg; hello Tyman101.00

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Tyman (TYMN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
02/12/2016 17:15:05250.0030,00075,000.00O
02/12/2016 17:15:05250.0060,000150,000.00O
02/12/2016 16:36:23250.002,1395,347.50O
02/12/2016 16:35:21250.009122,280.00UT
02/12/2016 16:29:35250.0051127.50AT
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Tyman (TYMN) Top Chat Posts

DateSubject
02/12/2016
08:20
Tyman Daily Update: Tyman is listed in the Construction & Materials sector of the London Stock Exchange with ticker TYMN. The last closing price for Tyman was 252p.
Tyman has a 4 week average price of 257.08p and a 12 week average price of 262.15p.
The 1 year high share price is 307.50p while the 1 year low share price is currently 221.25p.
There are currently 178,040,699 shares in issue and the average daily traded volume is 285,959 shares. The market capitalisation of Tyman is £445,101,747.50.
09/5/2013
17:41
jeffian: I suspect it's more fundamental than that. He built quite a substantial stake when he became Executive Chairman and had ambitions to rehabilitate himself in the City by building 'Tomkins Mark II'. After he was removed from the Board and failed in a bid to reinstate himself, that wasn't going to happen. He then found himself with a substantial stake in a company in which he had no executive power, whose management he had largely fallen out with and which - in turning itself from a 'conglomerate' in the Hanson/Tomkins mode to a single-focus building supplies company - was going in a direction he did not like. He was clearly always going to sell in those circumstances and the recent share price strength and current corporate action provided the opportunity to do so. Tax may be an issue, but I suspect it is secondary to these more fundamental issues. Edit: Now I think about it, the thread header says it all - rather more succinctly!
08/5/2013
06:50
a1samu: Just shows how one can use charts to prove anything. I have been into TYMN from the beginning and went through a roller coaster time with Hutchings and I am just getting my money back! I have been there when the share price was just 5p. I wish I would have had the sense to have been with RCP the same. I would be much better off today, and RCP never asked me for an extra penny. But there is no question in my mind that these bunch of directors will not achieve anything earth shattering and will produce a pedestrian, jobbing return for their shareholders, while having an easy and good time for themselves and their city buddies, awarding themselves massive wages, bonuses and options, on the back of this "splendid" new acquisition and on the back of their shareholders. Neither do I listed to unsepcified, unknown contributors as to what to do with my wealth, but rather, I am writing these notes, so that if there is someone out there wanting to know about TYMN, they might have an input from the point of view of a small shareholder. By the way instead of beef I prefer goulash!
07/5/2013
09:16
jeffian: "...the shareholders can wait almost 10 years, just to recoup the additional capital demanded of them in the form of dividends". What's your beef? Nothing is "demanded" of you - it's an Open Offer - and if you choose not to participate you will simply end up with a proportionally smaller slice of a larger company (i.e. it shouldn't make much difference to you). If your investment criteria is that any new capital has to pay for itself in dividends within 10 years, I imagine you are struggling to invest as I cannot think of anything that fits that bill at the moment. In the meantime, I note that Greg Hutchings continues to reduce his stake and I imagine that will continue until he is out altogether. Standard Life, who are supporting the Open Offer, are increasing their holding. Share price holding up well, so the market still seems to like it.
07/5/2013
07:33
a1samu: The mistake people make on this thread is to think that anything has to be understood. What is, what is, what is. It can be left at that. Certainly, no energy is spent in putting words into people's mouths, for there have been no EBITDA forecasts included in the prospectus and no one knows what the 2013 numbers will be. The historical 2012 EBITDA numbers are summarized in the prospectus and since the Truth profits have been volatile, according to the prospectus, page 251, over the last three years, they could be anything for 2013. This acquisition is unlikely to be setting this company on fire and sending the share price into the stratosphere, for the very reason, that the directors seem to have created for themselves a very cushy situation, in which over the coming years, they will be the main beneficiaries, with increased wages, bonuses and options, while the shareholders can wait almost 10 years, just to recoup the additional capital demanded of them in the form of dividends, for this company is unlikely to be ever in a position to hive off cash back to the shareholders or buy back shares or any other ways to enhance returns to them.
06/5/2013
14:23
jeffian: a1samu, If you had "carefully researched your numbers", why did you use the Net Profit figure of £3.665m in stating that "This profit level will hardly pay for the interest associated with the costs of this increase in loans" without taking account of the fact that that figure was struck after deduction of £6.2m interest on loans to Truth which will be repaid prior to Tyman taking over? I don't really understand your beef. You don't like being asked to increase your investment by 23.4%, having just pointed out that Truth will increase Group EBITDA by about 52%. You say that the alternative is "if you do not like it, you can always sell your shares" but, of course, the third alternative is to hold onto your existing shares but not take up your entitlement to additional shares under the Open Offer. As with every takeover involving an invitation to shareholders to subscribe, the options are to accept some dilution (a smaller slice of a larger cake) or invest more to maintain the same percentage of the enlarged Group. 5 of the largest shareholders have declared that they intend to take up slightly less than their entitlement; 1 is taking up rather more. Greg Hutchings says he is not taking up his entitlement but this is no big surprise given his 'history' here and that fact that he was a substantial seller before this deal was announced. You will remember, incidentally, that there were 2 substantial Rights/Open Offers to shareholders in the Hutchings era in connection with acquisitions, investors in which have only recently got their heads above water again. If you don't like it, don't take it up. Simples. We'll have to see how well take-up goes but, as the share price has nudged up to new highs since the announcement, it doesn't feel as if the market is anticipating any significant overhang.
06/5/2013
11:04
a1samu: Presentation shows combined 2012 EBITDA as £42.4, with Truth contributing £14.5M in the year. Acquisition cost is shown at 8.9 times EBITDA. I have carefully researched my numbers and do not quote stuff plucked out of thin air, but nevertheless cannot help feeling that the presentation is self serving and the directors have chosen themselves an easy way of enhancing their own positions. For an ordinary shareholder with 1000 shares, who will be entitled to subscribe for a further 252 shares, it will take almost 10 years to recoup the capital, in dividend receipts over this time, that he is asked to invest now, share price fluctuations ignored, for the price could well go down as well. To expect ordinary shareholders to cough up further capital of 23.4% of the value of their investments is self serving and the company should have found a more pleasant way for shareholders to be earning returns, rather then expect them to part with massive sums of additional capital. Neither is the answer to say that if you do not like it, you can always sell your shares. This is not about liking or dislike, but it is about the board respecting the shareholders and providing shareholders with regular returns, rather then expect them to search for new monies to mollycoddle and to make the challenges easy for the directors of the company. In this company, the directors cannot go wrong in enhancing their own prospects and I am not sure that I share their view, that by enhancing their own prospects mine will be as well as a small shareholder. From the behavior of the major shareholders, it would appear that this is not a resoundingly welcome deal, which will send the prospects of this company sky high. Unfortunately, I have been with this company long time before any of the current directors and perhaps I will take the lead of Greg Hutchigs, after all, who is not taking up any of his entitlement and the other four of the seven major holders who are committed to subscribe for less then their entitlement, as shown on page 289 of the prospectus.
01/5/2013
10:07
jeffian: Not much interest here then! This deal looks like good news for the company and the fact that the Placing has got away at only a very mild discount to market value even after the sustained rise in the share price over the last 18 months suggests that it has good institutional support. Onwards and upwards, I hope.
Tyman share price data is direct from the London Stock Exchange
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