Huveaux Share Discussion Threads

[jlabrey] 10/3/2006 16:42

OK comment in today's IC. Rates the company 'good value' (at 52p) with further growth to come.

[ckafetz] 10/3/2006 12:19

SP has held up well after initial drop after results. Bodes well. Hopefully 48p will be the new low of the trading range from now onwards.

[cerrito] 07/3/2006 19:17

The FT comment
Huveaux was a bit of a stock market darling until slightly more than a year ago, when the shares tumbled from more than 60p after a profit warning. In the past four months the shares have regained some of the losses, but closed yesterday off ¾p at 51¾p. The 2005 figures went some way towards rebuilding respectability, but were not good enough toprevent a downgrade for this year. Forecasts were reduced by up to £1m to about £6.6m, putting the shares on a prospective multiple of approaching 16. That looks high enough until the strengthened management team shows that itsinvestments are starting to pay off.

[networker] 07/3/2006 16:36

I understand Bridgwell have downgraded from Overweight to Neutral, which probably accounts for the drop of around 10 per cent over the past 24 hours. Perhaps the company need to be more forthcoming about what was said at the analysts meeting about future prospects and/or possible acquisitions and their financing.

[elmfield] 07/3/2006 16:08

Linhur, like you I bought for a long term AIM holding putting my faith in the good team so will hold on, thought the results were O.K and am a little surprised to see us back below 50p, mind you the whole market is a wee bit sorry for itself, did anyone read any press?

[linhur] 06/3/2006 11:40

IMHO,These are disappointing results for a supposedly high flying company. The inability to raise the bottom line and put some oomph into earnings will I think put a dampener on the share price.

A lot will depend on the new finance director as I feel there is more cost that could be taken out of the businesses and he will need to stand up to the chairman/ceo who are very marketing orientated.The split into three divisions will not help as each division will protect its own overheads although I understand it from a strategic point of view.Perhaps incentives need to be more focussed on the bottom line rather than the top line.

HVX do not seem able to grow the business organically and hence the need to make acquisitions.I expect they are careful after the previous efforts but considering the high powered people on the Board I would have expected a greater drive to make the company more dynamic.

I will put the shares on watch as I originally purchased them for a long term AIM portfolio and they are not steady performers.

All IMHO
regards
Linhur

[networker] 06/3/2006 09:24

I'm comfortable with these figures ( even if saltedcrab isn't ).I expect broker forecasts for 2006 to be confirmed, and possibly raised following the analyst presentation this morning.

Key remains acquisition strategy and execution. More details awaited as and when, but so far so far good in what is always a higher risk/higher reward strategy of going along the significant acquisitive growth path.

[welsheagle] 06/3/2006 08:45

Huveaux FY pre-ex pretax above forecasts, bolstered by acquisitions

LONDON (AFX) - Huveaux PLC reported preliminary pretax earnings above
expectations for 2005, driven by acquisitions as well as a 12.5 pct rise in
sales from existing operations.
In addition, January and February have been "encouraging," the publishing
and media group said in reporting preliminary 2005 results.
Pretax profit before exceptional items climbed to 4.270 mln stg from 2004's
2.450 mln, compared with analysts' expectations of 3.8 mln stg. Exceptional
items amounted to 2.134 mln stg, relating to the cost of planned restructuring
following acquisitions of JBB Sante and EPIC.
The board recommended a final dividend of 1.1 pence per share, up 10 pct
over the prior year.
Huveaux also said the director general of its EU operations, Jean-Marie
Simon, is leaving to pursue other interests.

[bald sparrow] 06/3/2006 08:37

HVX share price was in the mid 60's just before last year's results ( when they disappointed by only doubling not tripling profits). Now they have exceeded expectations they should be closing in on 70p by April, IMO.

[bald sparrow] 06/3/2006 08:28

Pretty good results in my eyes. The worry everyone had (after last year) was that HVX wouldn't match expectations. With turnover up 92% and every other area of the business pointing north, plus increased dividend - I've not been disappointed. Can't speak for the rest of the market - so I guess time will tell.

[blueliner] 06/3/2006 08:25

Certainly better than last year's and exceed forecasts.

[elmfield] 06/3/2006 08:15

Is it just me or were not those results good?

[welsheagle] 06/3/2006 08:07

Huveaux Plc Final Results
RNS Number:3098Z
Huveaux PLC
06 March 2006


6 March 2006
Huveaux PLC

2005 PRELIMINARY RESULTS



Highlights

* Group turnover up 92%
* Organic sales from existing operations up 12.5%
* Profit before tax and exceptionals up 74%
* EPS before exceptionals up 24%
* Three strong divisions each with market leadership
* Digital media now 28% of annualised Group turnover
* Successful integration (including significant cost savings) and good performances from recent acquisitions

Summary of Results

#'000 2005 2004

Turnover 27,736 14,433
Profit before tax and exceptional items* 4,270 2,450
Profit before tax 2,136 2,128
Earnings per share before exceptional items (basic)* 2.72p 2.19p
Earnings per share (basic) 1.45p 1.94p
Dividend per share 1.10p 1.00p

*Exceptional items amounted to #2,134,000 (2004: #322,000) relating to the cost
of planned restructuring following acquisitions made during the year.

Commenting on the results, John van Kuffeler, Executive Chairman, said:

"Huveaux continued to deliver significant increases in both revenues and profits
through a combination of strong organic growth and the two strategic
acquisitions of Epic and JBB Sante. We now have an excellent platform for the
next phase of growth and remain on track to achieve our stated objective of
building a substantial, high quality B2B publishing and media group."

A presentation for analysts will be held at 9.30am today at Finsbury, Tenter
House, 45 Moorfields, London EC2Y 9AE.

[welsheagle] 06/3/2006 08:06

Surely the figures are quite good, Saltedcrab?

[saltedcrab] 06/3/2006 08:05

profit flat, eps down, underperfporming acqns?

[welsheagle] 06/3/2006 08:03

Huveaux Plc Final Results
RNS Number:3098Z
Huveaux PLC
06 March 2006


6 March 2006
Huveaux PLC

2005 PRELIMINARY RESULTS



Highlights

* Group turnover up 92%
* Organic sales from existing operations up 12.5%
* Profit before tax and exceptionals up 74%
* EPS before exceptionals up 24%
* Three strong divisions each with market leadership
* Digital media now 28% of annualised Group turnover
* Successful integration (including significant cost savings) and good performances from recent acquisitions

Summary of Results

#'000 2005 2004

Turnover 27,736 14,433
Profit before tax and exceptional items* 4,270 2,450
Profit before tax 2,136 2,128
Earnings per share before exceptional items (basic)* 2.72p 2.19p
Earnings per share (basic) 1.45p 1.94p
Dividend per share 1.10p 1.00p

*Exceptional items amounted to #2,134,000 (2004: #322,000) relating to the cost
of planned restructuring following acquisitions made during the year.

Commenting on the results, John van Kuffeler, Executive Chairman, said:

"Huveaux continued to deliver significant increases in both revenues and profits
through a combination of strong organic growth and the two strategic
acquisitions of Epic and JBB Sante. We now have an excellent platform for the
next phase of growth and remain on track to achieve our stated objective of
building a substantial, high quality B2B publishing and media group."

A presentation for analysts will be held at 9.30am today at Finsbury, Tenter
House, 45 Moorfields, London EC2Y 9AE.

[cerrito] 06/3/2006 07:34

The big bummer in the results is the decrease in the basic and diluted eps from the year before, which itself of course had been affected by some of the 2004 mishaps.

Apart from that goodish news and IMJ should see a modest increase in the share price
I was pleased to read that there had been no news or hints of disasters in the integration process; that management structures are being strengthened as one suspects they needed to be...on that point I feel that the board needs to be strengthened or to be more precise to have people who are prepared to challenge in a constructive way the chairman...good if not outstanding growth across the waterfront...good cash flow...dividend increase...not to gung ho about making further acquisitions and saluting the flag of getting further synergies.
Be interested in getting a take on the resignation of the EU Director
Be interesting to see market reaction

[saltedcrab] 06/3/2006 07:30

have i missed something or are the figs poor?

[welsheagle] 04/3/2006 20:56

Latest figures from February's Company Refs:-

a/ Prospective PE ratio of 12.8 (based on three broker forecasts, two recommending 'buy', and one recommending 'overweight').
b/ Prospective PEG ratio of 0.29.
c/ Forecast growth in eps of 43.6%.
d/ Gearing of -7.98%.
e/ Net asset value of 36.7p.
f/ Dividend yield of 2.95%.
g/ One Director buying recently.

[ckafetz] 03/3/2006 12:00

all buys at 53p so far today. looking good.

[networker] 02/3/2006 14:54

Price action is certainly encouraging. Results on Monday 6 March, we know, will be good. Question is, how good? Key to the future is making some significant acquisitions as they've said a number of times they want to be a £1Bn company in the next few years. It's the quality of the acquisition(s)and how they will be financed and funded that I'm waiting for. Some substantial share issue is likely at some stage, probably sooner rather than later. That will be the real test for HVX.

[ckafetz] 01/3/2006 19:31

And people buying at 54p. Looking good there too. Can this strong uptrend continue?

[reynard46] 01/3/2006 11:03

Can now sell at 52.75. We're on an uptrend.

[ckafetz] 28/2/2006 20:57

If results are good and we get a 5% boost in share price then all of a sudden we will be close to 60p. Maybe not a dream after all.

How do I see previous posts?? I haven't got the option button 'previous' or 'next' or 'recent' in regards to posts. Anyone know why?

[elmfield] 28/2/2006 18:49

YES good to say goodbye to the sub 50p........and hello 60p...... I hope.