Hays Share Discussion Threads

[pkvidean] 04/11/2002 10:29

HAS currently looks a bit grabbed to me, Salpara !

So much for the soft opening I was hoping for ! Only managed to adjust to 56.4% Long overall. Looking forward to Adding to my Bank shorts on Wednesday when I expect the FTSE to test 4250 before a temporary pullback to 4100 by end of this week !

[salpara111] 03/11/2002 23:11

Now entering FTSE 100 relegation zone. The question is, will the shorters now grab it and drive it down?

[pkvidean] 03/11/2002 14:26

As threatened, slotted in a further short on HAS @ 93p on Friday to go overweight short but thought better of it and reverted back to equal weight with a further Long purchase @ 88.75p. Currently Long @ an average of 100p and Short @ an average of 103.25p. In control for once ! Will look to Add to short position (or reduce Long) @ 99p and/or Add to Long position (or reduce Short) @ 82p.

No idea which way HAS will go next week although suspect the FTSE will climb despite last weeks weak performance and further decoupling (on the downside) from US. Last Tuesdays (29/10) intra-day of 3919 may well have signified the end of a 7 day down phase (following the previous 6 day up phase) and I am now expecting a 13 day up phase (started on 30/10) of approximately 11.3% taking the FTSE to 4362 on or around 13/11/2002.

Currently 55.1% Long (too conservative) but plan to extend this to 61.8% if we get a soft opening first thing tomorrow.

[lyntwyn] 01/11/2002 09:23

This may be of interest if you have not already picked it up elsewhere:

UBS Warburg downgrades its year-end profit forecast by 15% and place its hold rating and share price target under review. Hays blamed a downturn in activity and pricing pressure at its commercial, logistics and mail & express divisions for its problems, though it said the recovery from the personnel division would be delayed. Perversely, today's earnings alert may actually help unlock long-term value at Hays, if certain sections of the investment community are to be believed. For they say this slip will hasten the split of the company's transport assets from the staffing operation. Analysts said there are few synergies between the two seemingly diverse operations and any demerger would unwind the "conglomerate discount" the Hays shares carry. "It may focus a few minds," said one analysts who asked not to be named. In a trading statement issued earlier today, Hays said pretax profit will be 10-15% below market predictions for both the first half and full-year. Brokers were looking for a consensus 103m pretax for the six months to the end of Dec and 222m for the 12 months. UBS Warburg has moved its estimate for 12-month to the end of June pretax profit to 190.5m from 224.5m. Its 'hold' advice is based around a target price of 144 pence a share and both are under review. A sum of the parts valuation, puts Hays worth at 93 pence, UBS said in a research note to clients. WestLB Panmure said it was a short term seller of the stock, but has a neutral stance longer term as it sees the potential of a Hays break up and Williams de Broe issued a 'trading sell' on the shares.

[lyntwyn] 01/11/2002 09:00

the profit warning was already in the price IMO- after all it wasn't if but when it was going to be announced. With breakup value around £1 and a real prospect of some form of breakup of the co as it demerges unrelated arms of the business I think it will cross the £1 barrier ( general market sentiment permitting!!!)

[psps] 01/11/2002 09:00

the new guy would be buying a chunk in HAYS ......hopefully

[mitzis] 01/11/2002 08:55

the new man in charge starts work today at his new office so we can expect to see a few changes.. new broom and all that..perhaps a new beginning for Hayes..

[psps] 01/11/2002 08:48

movinh higher now.................was the fall overdone then ?

[soapychris] 01/11/2002 07:05

nice earner on the race thread(BB)
£8000 profit in october alone
for details visit the thread or email:

[e-mail]

[psps] 01/11/2002 06:58

checked on comdirect and they show a bid at 92p...........may be there is big buyer around after close.
may be the fall was overdone and shares would bounce back to 95p or so.

[psps] 01/11/2002 00:36

share price was at a low of 80p and now recovered to 90p .............we may see it come back to 100p at the end of the day

[psps] 01/11/2002 00:34

the price has recovered from a low of 80p to nearly 90p now.
the volume may give some ideas as to whether someone is buying any stake in the company

[rmilner] 01/11/2002 00:28

Hope so psps.

[fortuneplus] 01/11/2002 00:14

People may be interested in bits of it but I cannot see anyone wanting the whole entity. Anyone got any ideas on who is likely to bid for what bits?

[mitzis] 31/10/2002 23:07

Its getting worse in Germany..

[farsight] 31/10/2002 21:19

I have some personal experience of Hays and it is not good.
Compare with CSV.
Good Luck.

[rmilner] 31/10/2002 20:55

Held up well at close.
Unusual as most stocks drop away at the end of the day.
Let's hope for a steady climb tomorrow too.

[mc_rowe] 31/10/2002 14:40

u guys are experienced with this share i take it
greetings all
i have a small punt long at 89.19
i am hoping to leave at around mid 90's
do u think there is much chance?

[psps] 31/10/2002 11:10

The share price has fallen from a hiogh of 240p to a low of 88p right now.
will it be a bid target now ?
some say it will fall to 70p.

views welcome

[psps] 31/10/2002 11:00

might rally close to 100p but then fall back to 70p

[quidzinn] 31/10/2002 09:50

... falling back as predicted

Q

[pkvidean] 31/10/2002 09:26

Cor blimey its nearly rallied to 92p already ! Don't like going overweight short on HAS but the likelihood of 71.5p (not 70p) is just too great !

[psps] 31/10/2002 08:51

mitzis,
70p.........i second that

[mitzis] 31/10/2002 08:49

forget about the 30p target as it is just absurd.....I will stick with 70p..dont want to be too greedy..lol.

[pkvidean] 31/10/2002 08:42

Fortunately I went equal weight earlier this week. Currently HAS is worth about 102.5p (based on £177m profit and a PER of 10 - I have subtracted 20% rather than the 10-15% forecast by the company). Expected it to be taken down to 82p today after seeing the news. Anything below 85p means likely FTSE100 expulsion in early December (odds are about 1/2 now). Market will ungenerously take it down to 71.5p at some point (70p will not be reached - LOL!) so I will be looking to Add to my short @ about 92p in the first instance (assumes an initial false rally) and Add to my Long @ about 72p thereafter. Mitzis' 30p is absurd and smacks of greed !