Hayward Tyl Share Discussion Threads

[cerrito] 20/10/2016 17:56

HAYT are correct to say they did identify issues in H1 but there is quite a difference between what they said today and on July 4th transcribed here. quoteThe development of the Group's order book is likely to see the financial performance having a stronger bias towards the second half of FY2017 unquote
Like the rest of you having difficulty seeing how they can make up lost ground in H2; I note revenue in H2 15/16 was £40m and PBT £1.4m, recognizing that the PB acquisition was completed on Nov 2; that said I have a high respect for management and Lloyd- Baker with his 8%+ shareholding; thus I did not sell today and do not currently anticipate selling.
It will have to fall further before I summon up the will to buy.

[topvest] 20/10/2016 12:42

Yes, very disappointing. H2 revenue at £57.5m or over double H1 looks highly doubtful. They say they are confident, but its not all in the order book. Very odd. Think the problem is Peter Botherhood - sounds like it was acquired with no work and so has made a massive H1 loss. Might as well hold on now, but this sort of volatility should have been flagged before in my opinion and its a lot to make up in H2.

[red_shed2000] 20/10/2016 11:34

Yes, that's another way to look at it and I hope you're right. All I'd say is that to swing from a 5.5 million loss to a ~ 5.5 million profit is going to mean they make 11 million in H2. If that happens then their run rate in to next year will be through the ceiling which I can't quite see.

Good luck

[rhomboid] 20/10/2016 11:01

I'm holding on as the order bank was always heavily skewed to H2 and they have good visibility of forward position, if they were going to warn on FY they'd have done so on the back of slow H1 imho

[red_shed2000] 20/10/2016 10:54

Really disappointed in the update this morning and sold out having held for at least 2 years.

Still believe in this company but that really is some task in H2 to meet guidance....I hope they do it but for now I'll watch from the sidelines.

Good luck all.

[shauney2] 14/10/2016 13:54

Looking perky.

Interims next month.I know they hedge but they must be gaining from the weakness in sterling.Also potential to gain new work on the back of that.

[rogerrail] 15/9/2016 09:17

CGI recommendation,

[davebowler] 25/8/2016 16:06

Edentree give us a favourable mention here -

[topvest] 12/8/2016 18:32

A welcome bounce back. Key to getting this back above £1 is evidence that their sales operation are selling particularly at the recently acquired business.

[digger61] 12/8/2016 08:40

Rhomboid...I think you are right...the price is on the move!

[investoree] 11/8/2016 13:19

My finger hovered over the buy button on HAYT (ex-dividend today) several times this morning but with no trades recorded and at 75.1p to buy and no on-line price quoted to sell even a tiny quantity felt that the MM's didn't want to hold any stock and decided against it. Sadly I should have topped up as there has been massive buying ever since. Good luck to all LTH's IE.

[rhomboid] 10/8/2016 13:39

Hi digger61

What you're missing is knowing why holders are selling, usually in small caps it's PI's getting bored or institutional holders funding redemptions or responding to some shift in fund manager emphasis.

As ever the stock market is an effective mechanism of transferring wealth from the impatient to the patient investor

[digger61] 10/8/2016 13:25

This stock appears to have all the ingredients for a re rating so trying to understand today's drop is leading me to question what am I missing...?

[jeanesy] 10/8/2016 11:39

Shareprice dropping further today im afraid

[rhomboid] 09/8/2016 13:27

Hi RR

I tyre kick my portfolio all the time and HAYT has always appeared to me to be to be a worthy hold over a 2 year plus timeframe , I'm convinced that the transformation of the business will ultimately justify a far higher PE , (Fenner is on twice the rating!) that coupled with the growing business and the increase in orders will see a share price nearer £2 than £1 over that timeline imv.

It is silly cheap given the ROCE and defensive after sales component but the penny is taking a while to drop!

[rogerrail] 09/8/2016 12:58

Sentiment seems against it at the moment, but typical of tech and engineering stocks that stems from a lack of understanding of the company and so presents an opportunity to buy. All depends on how patient you are. Hoping this one rewards my patience in a similar manner to AVG and IQE as two recent examples.

[davebowler] 09/8/2016 10:39

FinnCap;
Price: 77.5p Target Price: 113.0p
David Buxton
020 7220 0542
[e-mail]




We have recently visited the group’s recent acquisition, Peter Brotherhood and also its recently revamped factory in Luton. Together they showcase a group that has substantial capacity, world-class manufacturing facilities strong market shares and trade relationships. Sterling weakness gives a boost to competitiveness. The focus is now on the win-order process.

[value hound] 04/8/2016 09:27

Well at least it means there's no PW.

[jeanesy] 04/8/2016 09:11

Interesting that there was no pre-agm rns as most companies do.

[rhomboid] 04/8/2016 09:04

I'd be interested in hearing any feedback as well?

[value hound] 04/8/2016 08:18

Is anyone on here attending this morning's AGM by any chance?

[digger61] 11/7/2016 09:01

Well I am in! I cannot help feeling the visit this week by analysts to the new site will be a catalyst for the shares. They wouldn't be doing it if they didn't have a good story to tell....

[tudes100] 06/7/2016 02:35

What a ridiculous comment Valuehound, your post reflects poorly on you.
This is a bulletin board not a rampers club.

[jeanesy] 05/7/2016 10:37

I can understand his caution myself. I think it was the bit saying providing there is no EU vote impact with our markets that would see some to sell here. The thing is no-one knows what the impact will be .