Huveaux Share Discussion Threads

[ckafetz] 16/7/2005 01:17

good half year results I would have thought ?

[cassandra2] 15/7/2005 17:49

Good move up again to day-hope this is based on some solid facts and not just rumour.

[ckafetz] 12/7/2005 20:48

I just want 55p at least !!!

[jonwig] 12/7/2005 12:19

I looked for this online, but had to read the paper to see the story.

There was a small rise yesterday, and this morning's Mail market comment talked of 'rumours' and that the company was vulnerable after a steep fall.

Now the Mail would only be able to say this if it were fed the story from someone in the City: it's hardly a share which has drawn attention to itself of late.

So there may well be a takeover premium in the price now, but that doesn't mean the momentum will be maintained.

John.
Not a holder.

[jlabrey] 12/7/2005 10:24

Rumour of a bid approach in today's Daily Mail.

[dr kilmore] 12/7/2005 09:55

ah jl, the sun is shining, the birds are singing, i'm not at work today and hvx is heading north, this is paradise my friend!

[jlabrey] 12/7/2005 09:01

Same here. About time, dr k!

[dr kilmore] 12/7/2005 09:00

summats up here guys,glad i'm in!

[ckafetz] 11/7/2005 19:23

woooooooo hoooooooooo

at last a little rise

[psolomons] 11/7/2005 16:47

OK, so shares can go up as well as down !!

[jlabrey] 11/7/2005 16:40

Nice little move up today.

[jlabrey] 03/7/2005 09:48

John - agreed. it's an area I know less well so will be particularly interested in this division.

drbeat - well, yes, obviously! er...

[call-logger] 03/7/2005 09:46

Wow. Rhymes.

If results are good, share price rise should

[drbeat] 03/7/2005 09:30

if results are poor, cud go thru floor , target

[jonwig] 03/7/2005 09:21

jlabrey, hi.

A good summary, thanks. I'd rather lost interest in these but ahead of the results might be a time to dip in.

The only worry I would have is the educational side, where I'm less enthusiastic about profit generation.

John

[jlabrey] 03/7/2005 09:17

As we enter the closed period and prepare for interims, I thought it might be interesting to reflect on the current share price and what we can expect in a few weeks from the company.

First, why is the price so low? I think there are three factors at play. 1. Previous expectations were missed, leading to a fall in confidence; 2. General malaise in the advertising sector, on which HVX depends; and 3. Bearish tone on small caps generally.

So, what can we expect in the results? 1. Significant cost savings achieved from moving political publishing operations onto one site. 2. A turnaround in the training business - Fenman - which caused us trouble last time. 3. Expectations of further acquisitions in the second half. 4. Good growth in the political publishing market due to general election - new faces in government to impress. 5. Continued solid growth in the revision guides business - Lonsdale.

If all is achieved, broker consensus is of 2005 EPS of 2.5 pence, leaving the shares trading on a P/E of 13.4. This seems excellent value to me, particularly with a yield of nearly 3%. All is dependent on exploiting synergies within the across the existing businesses at this stage - and then making decent acquisitions.

Given the unloved nature of these shares at the moment, it might be fair to expect any surprises to be on the upside this time.

[boadicea] 12/6/2005 20:41

jonwig - I think VCT holdings have to be acquired at the time of issue (correct me if I'm wrong). HVX issues have been at 35, 25, 39 and 50p (in that order), so, yes, the latest 50p holdings are definitely looking sick although not quite so bad with the tax relief. The others are OK, given the VCT tax support, but hardly exciting.
However, VCT's usually have a minority of good runners which, if you're lucky, pay for the losses or mediocre performance of the remainder.
HVX is still in the hold and hope category and stands a slightly better than evens chance of coming good imho.

[jonwig] 12/6/2005 19:36

A report in this weekend's FT puts HVX among the most-held AIM stocks by VCTs: 15 of them are holders, if I remember correctly.

This isn't information you'd get from the company, of course, as most or all of the holdings will be sub-3%.

I suppose this has to be good news, though I suspect a lot of the holdings were bought at higher prices, when HVX was regarded as a stellar growth stock.

Not bought in, as the rating looks too dear, but interesting.

[jonwig] 12/6/2005 19:33

A report in this weekend's FT puts HVX among the most-held AIM stocks by VCTs: 15 of them are holders, if I remember correctly.

This isn't information you'd get from the company, of course, as most or all of the holdings will be sub-3%.

I suppose this has to be good news, though I suspect a lot of the holdings were bought at higher prices, when HVX was regarded as a stellar growth stock.

Not bought in, as the rating looks too dear, but interesting.

[ckafetz] 01/6/2005 19:34

Well I can dream can I not lol

KC


Here's to 10 years time

[hambi] 01/6/2005 17:27

Nice new thread. Not sure about the title lol because i hold brpg and the previous thread for that said ftse 100 company in the making.

Quiet day trading. recent volume has died away so it will be interesting to see whether we get further rises.

[rat attack] 01/6/2005 09:00

Completely unnecessary thread considering the other one is more than adequate. Another ego rising?

[ckafetz] 01/6/2005 00:29

Now we have charts, data and news that we can access more easily.

KC