[ADVERT]
Share Name Share Symbol Market Type Share ISIN Share Description
Halma Plc LSE:HLMA London Ordinary Share GB0004052071 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -20.00 -0.66% 3,024.00 3,019.00 3,022.00 3,103.00 3,019.00 3,070.00 1,811,379 16:35:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 1,318.2 252.9 53.6 56.4 11,466

Halma Share Discussion Threads

Showing 276 to 299 of 500 messages
Chat Pages: 20  19  18  17  16  15  14  13  12  11  10  9  Older
DateSubjectAuthorDiscuss
23/11/2011
20:44
HALMA has 41 operating companies, which confers robustness. apad
apad
23/11/2011
19:29
Ess... I think the market might well get worse, but my view is that it is the financial market that has the logistic problem. Banks & pension funds have to buy national debt 'cos its "safe"! This is a complete bind. Companies like HALMA have a technological niche that is difficult to challenge and a devaluing pound increases the value of the asset (I have lost a depressing number of good companies in 09/10 e.g. Chloride) and any foreign earnings. Clearly if the whole world goes to hell in a hand cart all bets are off, but my £ was devalued by 30% and earns no interest so I'd rather have HALMA and its ilk along with big oil, big pharma and the companies that service them. To paraphrase L P Hartley "The future is a foreign country, they do things differently there". apad
apad
23/11/2011
16:32
Can sentiment for the market get much worse APAD?, I had to ask Aleman his view, as on SHA it's the end of the world. However it's very difficult to see any upside currently and hosede's view is looking increasingly valid. I suppose based on WJ's view HLMA are investing for growth, hopefully he is correct and there is nothing else that is not apparent at this stage.
essentialinvestor
23/11/2011
16:18
Increased holding at 311.4 apad
apad
23/11/2011
10:31
Apreciate your thoughts WJ as always. Good luck with your holding. This was on my buy list, will hold off for a while now.
essentialinvestor
23/11/2011
10:24
APAD - both. It's hard to grow sales without increasing working capital.
wjccghcc
23/11/2011
09:55
Yes, just to clarify I do not see debt as an issue. I was just suprised at the level - which at least one of the analysts has also highlighted.
essentialinvestor
23/11/2011
09:49
So, is it the increase in working capital? Due to acquisitions? Due to stock increase? apad
apad
23/11/2011
09:47
I have a mid-sized holding in HLMA but a much bigger one in DPLM which I'm a big fan of as you know. I like HLMA in that their underlying markets have structural growth and are driven by health and safety regulations. They're well run and are unlikely to surprise on the downside. Having said that, the share price is volatile and tends to have a high beta so it usually works to buy the dips and sell the peaks. I'm not worried about the net debt as it's only 50% of the annual free cash flow and the working capital increase will probably reverse at some point. Currently I have a buy target in the 270's and a sell target around 340p.
wjccghcc
23/11/2011
09:45
HLMA tend to earn less in the second half. Back of an envelope says that if we assume no increase in earnings over the 2nd half the PER is about 14/15. Also, thanks WJ. apad
apad
23/11/2011
09:22
The point was also raised in the FT this morning, so it appears the level was higher than some had expected.
essentialinvestor
23/11/2011
09:21
Thanks for the detail WJ. I was expecting the statement to read more like your favourite DPLM which appears to throw off cash. Realise it's a different operating model. May I ask your view on HLMA? - aware you are very good on detail. Many thanks
essentialinvestor
23/11/2011
09:13
EI it's in the cashflow statement. 64mm operating cashflow 14mm increase in working capital 13mm tax 19mm acquisitions 11mm capex 20mm dividends 3mm treasury shares purchase gives a net debt increase of 19mm (okay I'm missing 3mm in rounding).
wjccghcc
23/11/2011
08:57
Don't like debt - need geswan. apad
apad
23/11/2011
00:24
Yes aware of that WJ, however net debt was £37 million at the year end on 02/04th. Even allowing for the acquisition spend and final dividend payment, they made over £50 million in the half year - how is net debt now nearly £60 million?.
essentialinvestor
23/11/2011
00:03
19 million spent on acquisitions in 1st half.
wjccghcc
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.
essentialinvestor
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
apad
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.
essentialinvestor
22/11/2011
08:14
Not bad; but I am in no rush to buy more.
elmfield
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
apad
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?.
essentialinvestor
Chat Pages: 20  19  18  17  16  15  14  13  12  11  10  9  Older
ADVFN Advertorial
Your Recent History
LSE
HLMA
Halma
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210919 05:05:50