Haynes Publishing Share Discussion Threads

[wad collector] 02/9/2010 12:54

Waste it probably.

[aleman] 26/8/2010 08:47

Pretty strong results when you look past the initial numbers. Higher operating profit and cashflow. (The company looks very cheap to operating cashflows.) Shareholders funds rose £1.6m despite a £3.6m increase in the pensions deficit. Earnings held up despite higher tax, reduced exchange effects and lowered interest income on its rising cash pile. The company is sat on around 50p per share of cash, and rising. What will they do with it?

[wad collector] 14/7/2010 18:29

Lost its recovery a bit recently, wonder what next months results will say.

[aleman] 20/4/2010 10:48

Looked steady rather than spectacular which is fine.

[wad collector] 19/4/2010 22:21

Vaguely positive interim statement today ;sp. unchanged at 257 on no volume.

[aleman] 10/3/2010 16:43

Went ex-dividend today.

[wad collector] 29/1/2010 17:40

Might have to hold indefinitely to get back to my 2003 starting price!

[topvest] 28/1/2010 20:34

Nice undervalued "family" company this. Vivid looked a solid deal, and opens up new possibilities for a move on-line. This company will still be making good profits in 10 years time, provided they stick to their niche businesses. Happy to hold indefinitely.

[aleman] 28/1/2010 12:21

Don't forget they're already sat on £3m cash. The pension deficit is not an issue at the moment. With strong cash generation and net cash on the balance sheet, these should be trading in the 250-300p range for a 2010 p/e of around 9 and a yield of around 6%. The chart strongly suggests 300p+ will be regained but that looks a little ambitious for now unless the stockmarket improves a bit generally or there is some sign of further modest improvement in Haynes' markets.

[wjccghcc] 28/1/2010 12:05

Added a few more first thing. Not too worried by the pension deficit -as Aleman said it's because their discount rate for the liabiliies has dropped by 0.9%. All it takes is a few signs of inflation or more concern about the UK deficit and long-term gilt yields could reverse that fall very quickly.

Also, with free cash flow of 6mm, an extra 1mm contribution a year after the next triennial valuation wouldn't be a huge problem.

Even with the final dividend being rebalanced, total dividends should be 16p giving a yield of 7% and this performance is with a really lousy book market in the US.

[wad collector] 28/1/2010 11:48

The pension deficit is a bit of a worry , not sure the gap will close next time if the stock market recovery stalls.But the market seems to like it , up 5% now.

[aleman] 28/1/2010 11:36

Very good results. Excellent cash generation and some mixed signs of improvement in markets. Shame about the pension deficit but the recent trend looks to be asset values rising while longer interest rates seem to be creeping in the right direction as well so, hopefully, the deficit could decrease a touch for next time. It doesn't look uncomfortable with the rising net cash on the balance sheet, anyway. What will they do with the increasing cash?

[topvest] 01/10/2009 21:40

Haynes are doing well in a difficult market. Looking a solid company in these difficult times.

[aleman] 01/10/2009 11:23

Any opinions on the IMS? Looks like treading water as progress in Europe is balanced by further US weakness. Will need the US to turn to make further progress but worth holding in the meanwhile as good cashflow should continue to strengthen the balance sheet and fund a nice dividend.

[investoree] 24/9/2009 20:45

I have held this share for many years through thick and thin and believe that it is well run company with a highly competent management team. J H Haynes the founder owns nearly 11% of the company having spent over £500K buying additional shares between August last year and March this year. The shares go ex-dividend on 30th September 2009 paying out 11.5p on 29th October. At the beginning of 2008 they bought the Dutch 'Vivid' operation that produces technical information for a range of more than 6,500 European and Asian vehicles including heavy trucks. This seems to have been an exceptionally good move for the company who also provide this information in multiple languages on DVD'.

[wad collector] 24/9/2009 16:44

Blue in a sea of red today, bodes well.

[topvest] 22/9/2009 21:21

yes, be good to have some debate about their online potential following their recent acquisition. I'm incredibly impressed as to how they have paid off all the debt associated with the acquisitions already. The strategic options looks good imo. Very pleased with my decision to buy some of these a year ago.

[rainmaker] 22/9/2009 20:50

Just checking and there are some familiar names are fellow shareholders. Good Company.

regards

[carpingtris] 14/9/2009 07:01

ok, cheers

[wjccghcc] 13/9/2009 18:59

9mm A shares make market cap 39mm.

[carpingtris] 13/9/2009 15:45

Is the Mcap £17.28m correct?

so this company is making £7m profit a year and only valued at £17.28m and pays a divi? seems ridiculusly cheap? am i missing something?

[topvest] 10/9/2009 20:56

H2 results were brilliant, given the economic environment. On a P/E ratio of 6 before today!

[wjccghcc] 10/9/2009 14:04

That was probably me buying a chunk back. I thought the H2 results were very good. Company now back in a net cash position and on a PE of 6.7 and a yield of 8% (before the rise) and reasonably positive about the current year.

[wad collector] 10/9/2009 13:08

Results better than expected - market likes it up 12% this am

Financial Highlights


+----+----------------------------------------------------------------------+
| - | Turnover of GBP35.3 million (2008: GBP31.1 million) |
+----+----------------------------------------------------------------------+
| - | Operating profit of GBP7.6 million (2008: GBP7.0 million) |
+----+----------------------------------------------------------------------+
| - | Profit before tax of GBP7.1 million (2008: GBP7.1 million) |
+----+----------------------------------------------------------------------+
| - | Basic earnings per share of 29.4 pence (2008: 30.8 pence) |
+----+----------------------------------------------------------------------+
| - | Net funds of GBP1.4 million (2008: GBP0.2 million) |
+----+----------------------------------------------------------------------+
| - | Final dividend of 11.5 pence per share, giving a total dividend of |
| | 15.5 pence per share (2008: 15.5 pence)