We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Hallin Marine | LSE:HMS | London | Ordinary Share | GB00B06N7T09 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 230.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 230.50 | GBX |
Hallin Marine Subsea (HMS) Share Charts1 Year Hallin Marine Subsea Chart |
|
1 Month Hallin Marine Subsea Chart |
Intraday Hallin Marine Subsea Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 01/3/2013 | 00:47 | Hallin Marine - Great growth prospects? | 2,368 |
| 17/7/2005 | 23:47 | THE REAL HOUSE OF HANOVER...DON'T BE FOOLED! | 17 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 28/2/2013 21:34 by glasshalfull sailing john - Thanks for link. Haven't been on the site before.Pleased that you have weighed heavily in here and been rewarded. I've been buying in 40's and 50's so also delighted that it took off ;-) Your suppositions appear credible to me & I don't think your calcs fanciful. Yes, if they achieve the profitability you describe then I think £3 entirely feasible in the next 12 months, perhaps more. My question is, How much capex they may require to fulfil these contracts which are now appearing thick and fast? I'll join you on the forum for further discussion as time permits. Just registered but time precludes me from posting further at the moment. cfro - Got your email. You're very welcome! Spread is large, but I just try and ignore this when it comes to illiquid small caps. I picked up a further 15k at 26.5p a couple of days ago, 1.5p inside the spread. My rule is to use price weakness to pick up stock in any of my targets. Many thanks for the invite sailing john and kind regards, GHF |
Posted at 28/2/2013 19:00 by cfro ;-)Totally agree with your valuation Sailing John. Also have a share price target of £3 or £4. And potentially much more if they could sign up other major internationals, which i think they can. |
Posted at 28/2/2013 18:28 by sailing john GHFThat was quick I initially invested last year on the June TS - chased the price from 34p at 8:00 Added on 1H results then sat nervously wandering if the contracts would come this year. When they announced Ecuador in January it was a no brainer and I was amazed price didn't move so I just kept adding over the next two weeks at 57p or less. Like you I don't think the market has quite grasped the significance of yesterday's announcements - When I say market at the moment it is just a bunch of PIs trying to make a few quid and not really researching or understanding the business. I run a little BB where you can have a sensible discussion without interruptions. Strangely my first post on the THAL stocks thread mentioned a post you had made on here. I have posted a potential valuation update and would be interested in your views. And of course anyone else who has been into THAL for more than 2 days Quite a few on shareinfo BB bought THAL in January - we might have a notifiable interest between us!!! All the best SJ |
Posted at 22/1/2013 18:32 by cfro Really weird this, but i too thought Hallin had been re-floated or something after i spotted this thread late last night. Today i see both GHF and IC2 here and wondered what what was going on.....I also profited from HMS but unfortunately sold before the take-over. |
Posted at 11/12/2009 09:38 by fatfish ya know what bugs me most of all? the fact that hms is worth 223p so why the f=== didnt the share price reflect that in the first place instead of languishing at 120prant over well done to all who sails in her. I had no position just wonder about prices sometime |
Posted at 15/10/2009 18:29 by koolio Well I can,t get over this share, I have held forever it feels like.It works something like this Positive announcement expected share prices goes up. Figures coming out share price goes up. But. Oil price goes up, share price goes down. Positive figures announced, share price goes down. Favourable £ to $ exchange rate, share price goes down. Management win excelance award, share price goes down. Order book increases and management positive, share price goes down. Honestly think that I am the only one who holds these on a long term basis, of course I am questioning my rationale. What I should do is buy more now at todays price and sell on the run up to to figures, then buy in again a few weeks after the management are positive and looking forward. Call them and ask what is the earliest that they can mob a sat unit into 90m in the Irish sea or when they can get a ROV to cut a steel pile off at seabed level and they will tell you a date mid 2010. I have asked this question many times before. What am I missing about HMS? |
Posted at 01/8/2009 08:40 by greek islander Shows the value of sticking with good fundamentals, as this has recovered now from 90p to 114p which is just short of where I bought in originally. Still lots of potential and another good contract win or extension announcement should take us to 130-140p and beyond. PE still very modest and as has been pointed out above, well below the sector average. Next set of results should see a re-rating back to where it was. No obvious reason why HMS share price has always underperformed in comparison with its direct competitors. |
Posted at 04/7/2009 18:18 by glasshalfull Back from a break and now had time to digest the trading update.What a busy thread for a change....quite a few names I've not clapped eyes on before and numerous scaremongering posts which suggests that there may well be a few with "agendas". Anyway, the facts usually answer all the one line posts and my thanks to woodcutter, clan & edmundshaw amongst others who as usual have provided balanced commentary. The Edison note succinctly says; "The 2009 weakness stems from project deferrals at competitors increasing the availability of dive support ships and new ships coming online, especially at the lower value end." There appears to have been much nashing of teeth from a number of posters who believe that the management team are responsible & not to be trusted. I disagree and wish to draw attention to the following paragraphs from HMS's prelimanary result announcement issued 3 months ago which acknowledged the challenges faced by the company. "Of greater impact to date, and concern for the immediate future, is the global financial crisis and resulting worldwide economic downturn. This has resulted in the effective cessation of most normal avenues of finance to the industry. As a result, from the end of 2008 an increasing number of reports indicating delays to planned projects have appeared, often from smaller independent oil companies, although to date none of these have related to any of Hallin's contracts. There appears to be a number of instances emerging of service companies in difficulty due to their inability to finance projects, especially where companies are highly geared. This appears particularly to be the case where there is a need to raise money to complete partly funded build projects relating to vessels. Whilst the inability to raise finance for new capital expenditure projects is particularly frustrating for Hallin and inevitably will affect the levels of attainable growth in the short to medium term, the Group's committed ongoing build projects are fully funded and we are not exposed in this regard." and "As we referred to above, the global economy is under extreme pressure and it is appropriate that your directors and its management team proceed with caution. The Industry in general is anticipating potential delays in both the timings and placement of large capital orders. There is little doubt that there will be a greater level of pressure on margins after the higher levels achieved during the equipment shortages and increased demand of the last two years. Hallin cannot avoid being affected by any general lowering of margins even though we are confident in our continuing ability to grow the business. We are increasing our emphasis, yet again, on operational efficiencies so as to maximise the margins we are able to achieve." More importantly is the long term affect on the company. Following the commodity bubble and credit crisis there was always going to be some fallout but as with many respected posters on the board the belief that this was more than factored into the shareprice. Edisons 2009 estimates have been downgraded to $133m revenue (-$23m) and Op profit to $20.3m (-$5.7m) with EPS estimated at 35.7c (-15c). So, a 28% downgrade in EPS is reflected in a 31% fall in the share price, which is par for the course. However given the modest gearing given the sale and leaseback of Ullswater and cancellation of the Conniston contract (I believe fortunate in current climate and in light of the TU)) and growth the company has exhibited during the last 10 years, I continue to see overwhelming value in the medium term once "oversupply has worked through the industry" (Edison) and normality returns (as it eventually will) to credit markets. Hallin remains on a low rating - PER of 4.75 (est. 2009 EPS 21.85p @ 104p) - especially given it's asset backing. The outlook also mentions that Hallin continues to win significant work with the prospect of further announcements in this regard soon. It would have been great to get an in-line statement which would have suggested that Hallin was insulated from the macro environment and the profit shortfall is higher than I would have anticipated. That said, I remain long and believe that the share price fall in an already undervalued company is now overshooting the decline in profitability and net asset value of the company. I wouldn't discount adding should the share price continue to weaken as this remains IMHO an excellent med/long term investment. Regards, GHF |
Posted at 03/7/2009 13:26 by woodcutter I've held for some years now with a decent holding and see these falls as an opportunity more than anything else. The only downside risk is the gearing but if they run the business efficiently then this should work out okay.Things to consider. The TS was the day after the end of period so the likely hood of them having concrete figures to give was very unlikely to say the least. So we wait patiently for the figures. Unless of course you believe it was issued in blind panic which I don't. Oil is a precious commodity and will become scarcer in the coming years so the price will go up, this is inevitable. More resources will be spent on finding further supplies. This is undoubted. This will continue until another reliable source of energy is found. The reason there is an over supply in their industry at present is because the oil price has temporarily declined from it's highs, demand is lower due to the recession and contracts will inevitably be fewer. They have pointed to this uncertainty themselves in the recent past. But speculators and demand will eventually drive it back up again. This is capital-intensive business (my background) and this type of equipment just doesn't fall off the shelf when demand picks up. So companies that continue to build in these times gain some advantages in that they can negotiate better prices for materials and if subcontracting work their tender costs for build are more competitive. And negotiating salaries down too which many companies are doing, rather then making redundancies. Getting the balance between increasing capacity for the future and maintaining cash flow and profit is the key. Those that cut back find themselves struggling to meet demand when the market returns to normal. And often you don't get back good people if you lose them thro redundancy. Comments regarding mistrusting the management imo are misguided. They have been very straight for years (if you read their rns's) and whilst we may see further falls in the share price and lower margins and profits particularly with the gearing, this is a sound business well run and when the recession ends and demand increases you'll wish you were holding. The sell off is primarily by those who have bought on the latest momentum shift. There isn't a business out there that is not struggling to either gain orders or reducing cost or both. I speak with people all the time who are directors of businesses and know full well how difficult it is at this time. I'm not even concerned what their earnings come in at this year or next, even if their share price continues to fall to moonwhatevers 60p I'll keep buying, as eventually I know I'll be rewarded. The things that differentiate those that survive and prosper from those that go under is quality of management and hms has good management. Price is temporary, value and quality eventually comes through. Woody |
Posted at 01/7/2009 13:38 by interceptor2 Having sold out today at 123p and 128p I have made a loss of just £450, where the upside could have been Thousands of pounds profit. I'm always happy to take on small losses, and always sell on any profit warning.Remember never to fall in love with a company, and try and keep emotions out of investing. Would expect HMS share price to lanquish for a while, but will keep on watchlist and might act if the story turns more positive. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
