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Share Name | Share Symbol | Market | Stock Type |
---|---|---|---|
Huntsworth Plc | HNT | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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107.50 | 107.50 |
Top Posts |
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Posted at 05/8/2018 14:28 by typo56 There doesn't seem to be much discussion here about HNT and I can't see mention of the Giant Creative Strategy acquisition.The $72.2m is being entirely funded from existing debt facilities. This should be fine, as long as the business continues on track with forecast cashflow. When things are going well, leverage is good for shareholders. But is there enough buffer in the event of a miss? In the interims to 30 June 2018 they do say, "Financial covenants based on the Group's facility agreements continue to be comfortably met." This statement was made a week after the announcement of the acquisition, therefore I assume it relates to the position post acquisition, not at 30 June? Net debt at 30 June 2018 was £38.9m (2017: £26.8m) equivalent to 1.3x EBITDA. However, post acquisition this rises to £95m , equivalent to 2.5x EBITDA, which is quite a jump. I believe the net debt/EBITDA covenant is set at 3.0x. |
Posted at 25/5/2017 08:11 by fillipe 56.75p mid + 12.66% today. Well done HNT, good to have the feeling the business is back on track.Peel Hunt today reiterate their 65p target price. No doubt folks will be looking to see that move higher as the improvement story at HNT unfolds. f |
Posted at 21/3/2017 08:11 by interceptor2 Agree cfro you have summed up the results very well.As expected with dividend maintained and with all restructuring completed, will have to settle down now and look forward to seeing the benefits during 2017. |
Posted at 20/3/2017 10:34 by miti 1000 Any ideas who the heavy seller is in HNT ? Old mutual already got out it appears but despite the good trading update, the seller remains in control. |
Posted at 17/3/2017 09:09 by interceptor2 EPS estimates were increased 6% after the positive update, brokers often like to leave room for company results to come in a little ahead.The main interest will be the outlook statement and following RNS releases later this year, now that the the last problem division Grayling has now been restructured. HNT have 48% of revenue from the USA, which is a nice position to be in at this time imo. Looking forward to reading the results report on Monday. |
Posted at 21/2/2017 14:59 by cfro Yes and no ic2, if im being honest.As i say i was never a fan of the old huntsworth having been invested in the distant past. Maybe the 'new' Huntsworth is different? Not sure also whether HNT has the growth credentials of PEL but would be happy to proved wrong by the management.. |
Posted at 21/2/2017 14:54 by interceptor2 I wondered if HNT might appeal to you cfro :o)As another poster here pointed out they have the feel of PEL when they were turning around a few months ago, if the share price advances just half the rate of PEL I would be very happy. |
Posted at 21/2/2017 08:49 by interceptor2 Since buying in here last week after the positive trading update, my conviction has grown that HNT are a classic turnaround recovery situation, where all the hard work has been completed and it is now at the start of a new profitable stage of growth.All of the directors including non execs are relatively new to their positions, mainly from 2014 and 2015, and have been actively restructuring the company. Their confidence in future prospects was shown last year when the Chairman, CEO and CFO all repeatedly purchase stock between July and December between 38p and 42p, so not much lower than is possible to buy at today. Very surprised that it is still possible to buy yesterday at 43p, maybe there is a seller in the background, it is impossible to know, but whatever the reason it gave me a chance to buy again yesterday now that my conviction has increased. Most of the exceptional charges were taken in 2015, but there will be some smaller exceptionals this year after the final division Greyling has finally seen restructuring completed. But after the full year results next month I think we will see a much clearer picture and cleaner results, 2017 should be a rather good year for HNT as the new management team are now able to turn their attention to driving growth and profits. |
Posted at 20/2/2017 11:05 by miti 1000 spooky , QS99 ,Dipped toe in here as well with 50k at 43. Lets hope we have as much fun as coa. Recovery story looks like it could play out here if Grayling can pick up . Clearly a massive seller here but that's nothing new with HNT. Any idea who he is ? Only seller I've seen still active from RNS's is perhaps Miton but its probably someone else |
Posted at 16/2/2017 16:24 by csmwssk12hu Can't believe how quiet this thread is reminds me of PEL three months ago, they have nearly trebled so far and think this could follow that, almost identical story with a 4% dividend here as well good luck all dyor imho |
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