| Share Name |
Share Symbol |
Market |
Type |
Share ISIN |
Share Description |
| Harvey Nash Grp |
LSE:HVN |
London |
Ordinary Share |
GB0006573546 |
ORD 5P |
| |
Price Change |
% Change |
Share Price |
Shares Traded |
Last Trade |
| |
0.00 |
0.0% |
128.50 |
0.00 |
00:00:00 |
| Bid Price |
Offer Price |
High Price |
Low Price |
Open Price |
|
125.50
|
131.50
|
|
|
|
| Industry Sector |
Turnover (m) |
Profit (m) |
EPS - Basic |
PE Ratio |
Market Cap (m) |
|
Support Services
|
885.65
|
5.36
|
4.80
|
26.8
|
94
|
| Last Trade Time |
Trade Type |
Trade Size |
Trade Price |
Currency |
| - |
O |
0 |
128.50 |
GBX |
Real-Time news about Harvey Nash Grp (London Stock Exchange): 0 recent articles
| Trade Time |
Trade Price |
Trade Size |
Trade Value |
Trade Type |
No Trades
| Date | Subject |
|---|
26/9/2018
16:44 | mongrels3: Does anyone on here subscribe to Investors Chronicle?
There is a feature on HVN today I believe.
|
30/8/2018
13:21 | thorpematt: Well, they already have created that value. I guess that's why the price is above the bid price - because it obviously is worth more than the 130p.
|
29/8/2018
10:07 | dangersimpson2: I doubt DBAY will come back with an improved offer. However that doesn't mean that an industry player won't make an offer. DBAY are investors so they are not desperate to get into the recruitment industry, all they care about is generating the highest risk adjusted return so if someone makes a higher offer they are highly likely to take it. Doesn't mean it will happen though - maybe the larger recruiters don't see significantly higher value in HVN than the DBAY offer. There is an argument to be made though that the larger recruiters could offer shares on a P/E of 20 to buy earnings on a 10 times multiple and if they could remove central costs and get HVN's net margins from their current 1% to 4% then they would be getting it for 2-3x future earnings.
|
08/8/2018
17:44 | dangersimpson2: If DBAY buys above their offer price in the market they would have to up their offer to the highest price paid. Another suitor could buy in the market but if they make an offer it would have to be at least as high as they'd bought in the market in the last year. Of course any offer would need to be a a reasonable premium to today's price anyway so academic really.
anyone holding above 1% have to report now they are on the takeover panel list so we'll see pretty soon if anyone of note has a stake. Realistically a trade buyer probably won't be able to get much in the market so they will just come out with a higher offer if they are interested.
|
07/8/2018
12:16 | dangersimpson2: I think if we do get a counter-offer from an industry player then you are right a lot of other smaller listed recruiters look vulnerable to being taken over, removing the board costs and delivering earning enhancement to the more highly rated larger recruitment companies.
However if we don't see a counter offer for Harvey Nash then the likelihood of other sector consolidation could be overstated. I see GATC has already gone up 9% this morning which is more than half of the premium that DBAY are paying for HVN.
Having already lost Creston to DBAY takeover a few years ago and now HVN I will certainly be keeping an eye out for their name appearing in RNS in the future.
|
07/8/2018
09:36 | davidosh: I think this is a lowball offer but it probably needs another trade buyer to come in and shake it up or I fear DBay will have done all the necessary work and incentives to management to get enough votes in a weak market especially with the Brexit woes clouding over investors. It is the Summer so a perfect time to catch things whilst the larger investors are sunning themselves on extended hols !
I will be amazed if this does not get others casting their net on the sector at GATC has been a sitting duck with a ship that appears rudderless and RTC Group where I have a large holding is on a P/E of 5.5 and yields a whopping 7% with directors paid as much as HVN so if the admin costs and central overhead can be slashed or absorbed then it makes a great albeit smaller catch...
Just my view but I suspect this will kick off more action in the sector.
|
07/8/2018
08:05 | dangersimpson2: DBAY are value investors so they were never going to pay a high price, and while the offer doesn't look generous at all part of the rise in share price of the last year has been them buying & putting pressure on management to stop taking all the returns of the growing business in salaries.
Being investors though means that if a reasonable counteroffer comes through I'm sure DBAY would accept. HVN should make a nice, earnings enhancing bolt-on for one of the larger recruiters, just hope one comes through with an acceptable offer in time.
|
07/8/2018
06:23 | cwa1: Recommended offer!!
https://www.investegate.co.uk/harvey-nash-group--hvn-/rns/recommended-cash-offer/201808070710230263X/
· Under the terms of the Acquisition, each Harvey Nash Shareholder will be entitled to receive 130 pence in cash for each Harvey Nash Share (the "Harvey Nash Offer Price") and one interim dividend of up to 1.75 pence for each Harvey Nash Share which may be declared prior to the Effective Date (the "Interim Dividend").
Disappointing price IMHO
|
09/6/2018
08:54 | thorpematt: I am sure i have posted comments previously on my on view of HVN. From my perspective I have viewed it as a business which generates good cashflows, a large proportion of which is returned to shareholders. It has been one which has failed historically to grow too much which given its geographical spread and relative small size has given some a dim view of it.
More recently the Market has, I think, written it down as a bit of a basket case because of the failure to grow, coupled with some concerns around movemets in working capital and thin margin.
Increasingly the market appears to be turning its view. Those working-capital issues aren't there now and they are revealed to be what the BoD said they were (and not some sort of red flag against some creative accountancy).
The company trades with a lack of gearing and debt and depsite its thin margin (which is a feature of the sector) it continues to provide a very solid dividend with enough spare to aquire also. (Its SII is flat too).
Looking forward the company has made some recent transitions and aqcuisitions which pit it firmly on a footing for the exploitation of some growing opportunties within specialist recruitment and to this end its growth prospects look strong.
As far as a valuation is concrned its hard to justify a PER for such a stock as anything less than 12 and probaly more like 15.
With the recent upgrade from brokers calulatied in this insinuates a target of between 170p and 210p
Personally I have always found the best strategy to utilise in June to be a FTSE short (excpet the last trading day and then you go long), but in HVNs case I had to buy more this week because there is a compelling story here.
Incidentally I also hardly ever take notice of "talking heads" but I think Zeus made some good points here:-
htTps://www.directorstalk.net/interview-harvey-nash-group-undervalued-and-great-potential/
htTps://www.directorstalk.net/zeus-capital-qa-with-mike-allen-harvey-nash-group-plc-lonhvn/
|
26/4/2018
11:24 | edmundshaw: I think the activist investors are going to help draw more earnings from Harvey Nash. Tomorrow's results could make HVN look very cheap, with a definite possibility of a re-rating.
Looking at last year's finals and the recent trading update gives me confidence to hold on to my overweight position here. But of course it is tomorrow's numbers that will drive the share price...
|
Harvey Nash Grp share price data is direct from the London Stock Exchange
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