Hat Pin Share Discussion Threads

[gateside] 09/2/2004 18:46

HTP is an AIM stock

[deeppockets] 09/2/2004 17:45

Is this on the main market or AIM as I want to put some in a PEP?

[cockneyrebel] 09/2/2004 13:15

Great - the more the merrier.

Certainly got the wind behind it today as a bit of stock has cleared imo.

Huge potential compared to the sector I'd say.

CR

[lafiamma] 09/2/2004 12:47

Should see a 30k trade come through later - one of my contacts in Italy loved this one! ;-)

EDIT: His broker couldn't get the stock, apparently!

[cockneyrebel] 09/2/2004 11:20

Half the price of Harvey Nash, results about a monthaway and only just starting to wake from its slumber.

All that media recruitment that's going to go on with the Olympics, Presidential Election and Euro 2004 and these are at the cutting edge of it.

CR

[cockneyrebel] 05/2/2004 21:43

Gateside - sorry, was replying to badtime about CS. (Corus) regarding the 50p

CR

[gateside] 05/2/2004 20:41

CR.. they are already at 54p, so did you mean 60p in your post above?

Sold out of THT for a profit and am tempted to put my money into HTP.

[cockneyrebel] 05/2/2004 19:03

30K a buy - cleared a bit of stock too I'd say, hence the tick up.

Yes, still holding CS. Wont surprise me to see them run to 50p on the next leg up.

CR

[badtime] 05/2/2004 17:32

Richard....30k buy?

ot ...u still holding cs?

[cockneyrebel] 04/2/2004 19:34

50% from July to Sep - we'll see at least that again as these results come and go imo.

Still 10% below the recent high.

CR

[badtime] 04/2/2004 19:23

Bought a few at the end there at 54.4

[cockneyrebel] 04/2/2004 16:27

HTP actually ticking up today.

I'm not banking on 4p eps - 3p alone would see these as very cheap, 4p would be outrageously cheap. The illiquidity is as tight if not tighter than NRG too so it doesn't take much to get them sizzling.

Looking forward to the results from both, both look cheap but remember that media exposure for HTP.

CR

[cockneyrebel] 03/2/2004 21:43

I bought some yesterday.

Still think HTP have more and faster going for them. They look like they could beat nicely but percentage wise my bet's still on HTP beating by more.

Media exposure for HTP too is a factor for me too.

Still, nice flag you waved Dave and I'm well in profit, which is nice.

Don't forget to get some of these before the results in March tho :-)

CR

[davewheeler070278] 03/2/2004 21:14

Snow1, CR, Still watching NRG I hope...!?

:)

Dave

[cambium] 30/1/2004 19:18

Talking of WPP. what a rise today and what a price target, surely it will not be long before they up the ante on HTP too.

[cockneyrebel] 30/1/2004 18:18

150772.

I wouldn't say that the director sell at NRG has anything suspect to it, we all have our reasons why we want or need to sell shares, divorce or illness etc my be a totally innocent imo. It just seems to add another factor to be alert about prior results imo.

I remember the days of old with HTP too - I don't think HTP has even started to move on the larger scale of things myself.

CR

[150772] 30/1/2004 18:09

Smow 1 - Take your point regarding the director selling although definately one to watch. I think an important thing to recognise with the director sell is that it cut her position to 54.6% of the company's share capital.

I do like the look of HTP too and remember it flying in the good old days!

I seem to remember back then every time I picked up a copy of chart breakout Hat Pin was always motoring..

Good luck with your position. Judging by the graph once it clears 58p, HTP should motor to around 70p in no time.

[smow1] 30/1/2004 16:55

150772 - thanks will take a look, though a director selling ahead of results never looks good no matter what the reason. Carries worry unless a positive trading statement has been issued. Will take a look and keep an eye on them to see how they trade.

Hat Pin look good as already know that results are going to beat estimates after their statement, so no surprises at results just good news. Always like that as can hold share without any worries.

[cockneyrebel] 30/1/2004 16:01

Northern Recruitment - watched these and was interested. AGM statement sounded positive then a director goes and sells 1m shares - put me off until I see the results in a couple of weeks.

Whole sector is saying they will meet or beat tho - RWA, HVN, MPI, HTP, NRG, HNT.

I think when these companies post results and the forecast PE falls with them then they'll look a lot cheaper than they are and the growth will look very cheap on the lower PE companies compared to MPI, HVN and RWA.

Still fancy Hat Pin most of all for their high exposure to the media sector and low relative PE.

CR

[150772] 30/1/2004 15:49

Snow1, Given your first paragraph, why dont you take a look at Northern Recruitment. Finals due to be announced mid Feb and trading on about 15 times earnings falling to about 11.5 times.

Just a thought.

[smow1] 30/1/2004 15:38

Been looking to get into a recruitment agency with the job market finally picking up but was put off by the silly P/E values. But must say that with directors having so much faith in the company and the positive trading statement then these do seem the best pick of the bunch. Wonder why they trade on such silly P/E values as they aren't tech companies.

Dipped if for an initial 9K - which I had to pay 56p for as they wouldn't give me 55p. Like the bit about opening an office in China as with 1.3bn people they are bound to be able to find some of them jobs in communications. Sound like they ambitious to expand and become bigger from the last results statement, which will hopefully mean faster profit growth as the job market picks up and a rapid price rise.

[gateside] 30/1/2004 14:15

Looks interesting CR, thanks for highlighting it over on the 100% thread, and have added it to my monitor.

Charts look pretty positive, and suggest plenty of upside :-)

[cockneyrebel] 30/1/2004 13:53

Okay then, what do you think to this as a potential doubler?

Hat Pin (HTP)

I have to confess to holding these for some time and haven't gone overboard in highlighting them as I wished to top up pre results. These are illiquid and the price often moves on 5K traded or less so I've had to time my buys when the market is weak, after a buy or news. Just got another 10K in spread at 55p.

Hat Pin are a recruitment company that got hit along with everything else What's really good about this company is that they really got things trimmed and back in shape fast, closing offices and opening new ones. With the market picking up then rectuitment should pick up briskly. Hat Pin are involved in media recruitment. Accordsing to WPP, 2004 is going to be a big year for media with the Olympics, US Election and Euro 2004.

Hat Pin already posted 1.3p eps in H1 compared to a 2.2p loss last year. They are expected to do 2.73p for the year followed by 3.52p next year.

Hat Pin have already said they will beat estimnates for the year and so are fantastically cheap for the sector. Trading on a PE of 20 for this year, this falls to 15 for the year ahead. These PE's are lower if they beat in H1 and get next year upgraded. The share price is 56p to buy.

Now compare to Harvey Nash HVN. They are expected to do 1.6p eps this year and 3.06p next year. They have said they will beat estimates too. They're share price is 97p to buy putting them on a PE of 60 falling to 32 next year.

Michael Page is anothe recruiter, this is trading on a PE of 54 falling to 35.

HVN PE 60 falling to 32
MPI PE 54 falling to 35
HTP PE 20 falling to 15.

When you look at the ratings the recruitment sector is on to realise how cheap Hat Pin are. HTP buys you 2.7p eps for 56p a share whereas HVN buys you 1.6p eps for 97p. On that basis if HTP were on a par with HVN it's share price would be 160p a share!

Now I'm not saying it will just re-rate to that overnight or that it will ever re-rate to that but HTP look like a banker to me to rise well on the March results. Not as low risk as the seven I posted at the top but potentially a faster doubler than some of those imo and with the company already saying they will beat estimates the short term risk looks limited.

With Hat Pin focussed on media recruitment this also seems a big plus for them this year. I hear there's a couple of big places to fill at the Beeb at the moment anyway :-)

I'm sure you'll do your own research and come to your own conclusions.

CR