Heywood Williams Share Discussion Threads

[ali_b] 15/9/2009 11:19

i think we'll find out shortly about a good outcome regarding the financing and these will run alot higher

[knowing] 15/9/2009 11:14

Not one to put all your cash into but I suppose if they do sort out the financing this will produce a good return.

[thepinkpanther] 15/9/2009 10:00

good volume last two days.............
long 3.38p.....................

[knowing] 14/9/2009 17:09

Link to last results

[knowing] 14/9/2009 17:06

Have to watch for the refinancing update but a potential recovery play.

Heywood Williams is focused on the design, development, marketing and distribution of branded building products. It comprises two Divisions: Hardware (UK/Europe) and LaSalle Bristol.

The Hardware Division incorporates the market leading brands of Carlisle Brass, Mila, Eurospec, Window Ware, Door Panels, Balmar and Locks & Hardware and is the market leading specialist distributor to the architectural hardware market in the UK and selective European markets.

North American Specialist Distribution incorporates LaSalle Bristol, the market leading distributor to the North American manufactured housing, recreational vehicle and modular housing markets.




"I would kiss my shares goodbye to kill off this outrageous deal"

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[wskill] 10/9/2009 11:33

Looks like we will have news this week of rights issue or maybe a takeover from T.P. I am glad management have waited until now as it would have been impossible a few months ago to even contemplate a RI.

[rottweiler01] 13/8/2009 11:09

Is this dog awakening or dead cat bounce?

[mike_f] 07/7/2009 10:13

Good example STY? Surely now they are fully refinanced the only way is up for them?

[mike_f] 07/7/2009 10:00

a1samu, thanks, sorry to hear you have made a loss, they your 100k sells comig through? I will just sit and wait on the sidelines and watch what happens. Thanks.

[jotoha2] 07/7/2009 09:59

Lets assume they go for fund raising of say £30M , probably at 2.5pence per share ...thats massive dillution!

[a1samu] 07/7/2009 09:58

At present share price level, the company has a MC of about £3M and debts of £50M.

You can work out for yourself what refinancing is required. It will be anything these directors think they can get away with.

They are at this very moment running around the city sounding out their investors as to what may be available to them. The trading statement is talking about "material dilution".

If they offer a 1:1 basis, that will only bring in a small amount of money. If they ask for 10 new shares for every one in issue, it might go some way to satisfy the banks.

I do not want to know. I have sold out at a massive loss this morning. There is no benefit holding shares in this company.

Mind, the banks may ask for heads to roll!

[mike_f] 07/7/2009 09:23

a1samu, how massive you talking? 3,4,5-1? Surely they can't dilute the share price that dramatically with the share price only on 3.69p atm! If they do i would like to think that it would be at a half decent price as well!

[a1samu] 07/7/2009 07:48

It looks like a massive rights issue is in the offing, as suggested by one of the paragraphs of the trading statement published today.

Much will be forthcoming by the 30 September 2009 deadline imposed by the banks.

Work in establishing an appropriate long term capital structure for the Group is proceeding to plan and the Group is currently reviewing a number of options, the outcome of which could result in a material dilution for existing holders of equity. In parallel to this work the triennial actuarial valuation of the UK final salary plan has been brought forward and is currently underway.

[mike_f] 03/7/2009 11:46

Is there a rights issue still to come on these or not now? Think these have great potential as soon as the market starts to move just wondering what the best time to get in is, thanks in advance.

[wskill] 20/5/2009 10:16

This should help HYWD ,LOWEs the biggest DIY company in FLorida and California upped their year end forecasts due to an improvement in demand

hopefully we will spike up now if we can manage a rights issue at a sensible price

[hvs] 08/5/2009 09:01

Its when you cannot pass in the normal course.

[velvetide] 08/5/2009 09:00

Could some body explain what exactly a spike is. Excuse my...etc, etc

[hvs] 05/5/2009 12:31

looks like we will soon have a spike here.

[rottweiler01] 17/4/2009 20:17

HVS thanks for your help. I have been doing quite successfully so far just needed some points clearing up.

[hvs] 17/4/2009 15:39

lol !!!!

Should u be investing ????

[rottweiler01] 17/4/2009 11:12

Could some body explain what exactly a price monitoring extension is. Excuse my ignorance

[rottweiler01] 17/4/2009 11:11

At last a bit of movement here

[hvs] 17/4/2009 09:52

Looks like time to BUY.

[morro] 23/2/2009 08:41

At first glance appears to be due to the financing news, but although not an expert on financing, the conditions appear to me tough. It wouldn't surprise me if the price falls back in the short term. Anyone wanting to take a punt should be looking 2-3 years forward. Keep an eye on that guy who was building up a stake in the company and several other bombed out companies to see whether he makes any further purchases.