Halma Share Discussion Threads

[wjccghcc] 23/11/2011 00:03

19 million spent on acquisitions in 1st half.

[essentialinvestor] 22/11/2011 17:48

Can anyone explain the debt level
being higher than I would have expected?.

Fall in cash conversion a possibility?, and/or some other factor.

[apad] 22/11/2011 11:09

Noticed that Ess... Also Debt up 50% approx.
However, given the £'s likely future this is still my kind of share - as long as the PER is less than 20.

apad

[essentialinvestor] 22/11/2011 08:21

There was one comment about OEM's in the Health Diagnostics sector
and some delays, that was the one specific cautious comment.

[elmfield] 22/11/2011 08:14

Not bad;
but I am in no rush to buy more.

[apad] 22/11/2011 08:07

Ess

KENZ, AZN, RSW, RDSB, RB., PNN, CRDA, WEIR, ROR, AGK, ITRK, ENQ, SPX, BG., HLMA

Are all in the range 3% - 9% of Stairway Portfolio

apad

[apad] 22/11/2011 08:03

Ol' Dependable chugs on :-)

Not sure I'll get my dip to top up though. Sigh.

apad

[essentialinvestor] 22/11/2011 07:27

Solid statement and results, though the tone a little less optimistic than at the
AGM imv - not suprising given the economic backdrop.

Thought net debt would be a little lower.

[essentialinvestor] 21/11/2011 15:48

I would think a mark up to hook some PI's then an ease back.

ADAD, may I ask your main equity holdings?.

[apad] 21/11/2011 15:46

Just fretting about tomorrow ess... :-)
apad

[essentialinvestor] 21/11/2011 13:44

Thread dead as per usual, any thoughts folks on the SP?.

[essentialinvestor] 10/11/2011 16:46

Thank you.

[apad] 10/11/2011 15:39

Ess..
It's just my name for my own portfolio. Shares that please me by performing get a step up by me buying more. Those that don't stay on the step and can't see the sunny uplands of the next step. Those that fail are kicked down the stairs.
The model stops me believing in my own judgement against all evidence.
I should add that I don't trade, I expect to own a share for as long as I have owned AZN (free gift from ICI). Also I will buy a cluster of shares in small amounts (less than 0.5% of portfolio each)as a way of concentrating my attention.It's a sort of evolutionary strategy because I am not confident of picking winners. I don't differentiate between value and growth shares.
That's about it :-)
apad

[essentialinvestor] 10/11/2011 15:01

What's the Stairway portfolio APAD?

Yes I have a similar view re HLMA.

[apad] 10/11/2011 15:00

Ess.
ps. good to see you shaking off some of the SHA melancholia.
apad

[apad] 10/11/2011 14:57

Ess..
And back to levels seen just over a year ago.
I shall not buy prior to the update, which I expect to be fairly mundane.
Perhaps looking to reinvest some income mid-morning on the day of the update following a markdown.
HLMA is currently 3% of the Stairway to Heaven portfolio. I'd feel comfortable with 5% (AMEC is its main competitor).
With any luck there will be more end-of-the-world panic between now and the update.
apad

[essentialinvestor] 10/11/2011 14:12

Interesting couple of weeks in prospect here.

Interims under two weeks away which will be the first trading update
in nearly 4 months.

Some chunky director deals on the Sell side three months ago,
and a cautious outook from some in the same sector recently.

Let's see what HLMA have to say.

[essentialinvestor] 26/10/2011 15:08

Thanks for that, the PER view is similar to the one I posted.

300 pence price target is interesting.

[ronjen] 26/10/2011 14:53

Halma knocked by Citigroup "sell"
Wed Oct 26, 2011 11:15am BST
Shares in Halma lose 4.6 percent, the second biggest FTSE250 faller, with the index down 0.4 percent, as Citigroup starts coverage of the engineer with a "non-consensual Sell" rating and a target price of 300 pence.
Citigroup points out that, despite some recent weakness, Halma's PER (price earnings relative) stands near all-time highs relative to both the MSCI European Capital Goods index and the FTSE All Share.
"The stock is not immune to macro headwinds - history suggests that in times of market turmoil the shares can behave in line with more cyclical peers. We believe there is scope for de-rating and some underperformance," the broker adds in a note.

[essentialinvestor] 26/10/2011 09:37

Looks like some huge Sell trades this morning,
over 2.5 Million worth of shares.

[essentialinvestor] 04/10/2011 14:11

Your paying approx 13x 2012 if forecasts are meet,
allowing some possible downward revision then 14x.

14x even for a great company looks rich imo
given these markets.

[elmfield] 04/10/2011 14:01

HMM?
still no rush, imv,

[essentialinvestor] 30/9/2011 09:12

Yes that is fair comment, although those price targets mentioned
at the very least hint at possible large downside risk, just imv.

[apad] 30/9/2011 09:07

EI
If one is very long in HLMA then it's a dividend reinvestment opportunity :-)
apad