Huntsworth Share Discussion Threads

[whealan] 21/2/2005 14:34

WJCCGHCC
True. But HNT shareholders would have 1/3 of something which would be 9 times the size. The real value comes if HNT's 18-20% operating margins can be extracted from the enlarged business (merger savings apart) or on its earlier onward sale. In a service business of this sort in my experience a purchase price yardstick is usually a multiple of turnover as much as the p/e ratio, with t/o multiples of anything from 2 upwards for a sound and profitable business.

[wjccghcc] 21/2/2005 13:19

Mkt cap wise, HNT would make up a third of the new entity.

[whealan] 21/2/2005 12:37

WJCCGHCC.
I am assuming that HNT comes out on top if the merger goes ahead, despite the fact that it is only about 1/8th the size in turnover terms.In which case it becomes a means of HNT making the quantum leap (ghastly expression)it has needed.

I don't know enough about ITA to assess the fit,geographically and staff-wise for example,but Chadlington will have done his homework and is not about to sell the golden goose down the river, to mix my metaphors.

ITA is valued at about 1/4 the multiple of turnover that HNT enjoys. Apply the HNT multiple to a combined group and you get a company worth about £600m (current mkt cap £200m) when in a few years time it is going like a Swiss watch, or earlier if it is sold. It certainly makes life a bit more hopeful.I await detailed developments with interest.

[wjccghcc] 21/2/2005 09:26

Yup you're right. Merger announcement out. Shame really cos I think HNT is just getting its act together and is only on a PE of 13.5 whereas ITA is still sorting out some of its divisions (UK events etc.). Having said that, the combined company will certainly get on institution's radar screens and if ITA does take the opportunity to restructure its underperforming operations we could have a market leading company highly geared to the recovery in marketing spend which is currently happening.

Also, this may flush out another bidder for HNT who wants to take advantage of its low valuation when all the restructuring hard work has been done. I'm holding to see what happens.

[wjccghcc] 21/2/2005 07:46

Hey andrew. where did you see that news?

[andrewhbruce] 20/2/2005 12:30

incepta and huntsworth ??? at least the price might move up on mon. strange there were no trades on fri?

[alfwilson] 04/2/2005 17:12

WJCCGHCC

Very please to see your interest in HNT.

Forever the optimist ... I just wonder if we might get a little turbo boost if they (ok outside chance) get promoted from Fledgling to SMX in March ... by which time I will be looking for a modest price in the 27 - 29p range?

Your more considered opinion would be appreciated.

Alf

[alfwilson] 04/2/2005 16:55

WJCCGHCC

Very please to see your interest in HNT.

Forever the optimist ... I just wonder if we might get a little turbo boost if they (ok outside chance) get promoted from Fledgling to SMX in March ... by which time I will be looking for a price in the 27 - 29p range?

Your more considered opinion would be appreciated.

Alf

[wjccghcc] 03/2/2005 16:15

!@#$%^ MM!!! I want to top up. Price is 22/23.5. I ask for 23.25, no. I have to buy at 23.35 and then they go and drop the bid to 23 immediately after the trade. Is this their idea of a good time??

Still, HNT finally seems to be firing on all cylinders. Judging by their update, I'd say EPS for the year just ended of 1.6-1.7p and an upgrade of next year's forecast to 1.9-2.0p. Puts them on a PE of 11-12 when the PR market is growing well and the balance sheet now looks a lot stronger. Plus, with Germany (finally) growing this year, the acquisition of trimedia looks like a good one. I'm gradually adding in my PEP/ISA (we even get a dividend now!!).

[andrewhbruce] 13/12/2004 17:04

good to see a little more action............aberforth partners pick up another 5m shares to hold 35m or 11%

[peterben] 02/12/2004 19:56

If there is anyone out there, have had these for a while and watched them gently slide, suddenly an almost 10% jump on no word, any ideas anyone---anyone?

[37dolphin] 30/11/2004 23:01

larger move today, and volume......

[37dolphin] 27/10/2004 19:57

small tick up today but no buying?

[rhiannon] 08/10/2004 11:42

After profit takers are done getting ready for a climb UP.wdik

[lostkiwi] 07/10/2004 13:23

Rookie question, but can anyone explain why HNT is now back to 22-21 after hitting high 25's - Sept 28th report looked very strong no?

[rhiannon] 05/10/2004 13:15

Class Act HNT getting set for a run UP UP and away.wdik

[andrewhbruce] 29/9/2004 08:34

shame the same can't be said about the share price! It looks like existing business wasn't exactly motoring.

[37dolphin] 28/9/2004 20:23

Well how about that!
We even get a dividend.
Progressing v. nicely.

:)
37d

[rhiannon] 22/9/2004 13:57

Trouble came to the door,faith answered it.There was no one there.wdik

[caecilius] 22/9/2004 13:53

Patience is always rewarded.

[caecilius] 22/9/2004 13:50

Today is a good day. Looking forward to the 28th.

[rhiannon] 22/9/2004 12:20

Have you noticed the threads with the most posts are usually shares going nowhere fast. HNT not in that catogary.wdik

[rhiannon] 22/9/2004 11:15

HNT fame is spreading, people starting to take notice.wdik

[andrewhbruce] 21/9/2004 16:21

Thanks Caecilius